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it a win win for both party from CN investors perspective, if...

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justinwu

188 Posts.

9

07/03/21

08:24

Post #: 51578081
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Originally posted by Andredamus1: ↑

How do you figure that out? This is a great deal for existing shareholders - APT gets to buy back a significant portion of the US business which it doesn't currently own with 0% financing and at a large discount to imputed value (the US business is worth far more than 28% of the Group). It will also have a further $900m of funds to pursue growth and grind its competitors into the dirt.

"Worst case" scenario the SP moves significantly above the $194.82 conversion price and the CN investors get a big capital win by converting their Notes. As a shareholder, I could live with that (ie the SP being significantly above $192.82). Conversion of the Notes would result in 2.7% dilution to existing shareholders (based on the current number of issued shares).

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it a win win for both party

from CN investors perspective, if afterpay share price above $194.82 when mature, they can convert note to afterpay share.

if sit under, they still get there money back. BUT the beautiful thing is Aussie dollars/USD is raising. they gain on fx

APT Price at posting: $115.40 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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