I think you should all look at the last time they did this. In the end because of a great coal price and the share price more than doubling and hign dividends the holders minted a packet of profits. I think they converted at around 50% of the then current pricing. NHC went and struck seals to buy back a lot of the convertible notes.
I don't get why they would do this. However they have put in limits so that it cannot be as bad as last time.
I just dont get it I am sure they could get a convertible. note away with existing shareholders on more favourable terms in Australia.
I dont understand it - too many clever people pushing these products and no- one ever fesses up to making mistakes.
I think you should all look at the last time they did this. In...
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Last
$4.45 |
Change
-0.120(2.63%) |
Mkt cap ! $3.761B | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.57 | $4.44 | $10.82M | 2.414M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 58582 | $4.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.46 | 3667 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |