They can't buy back all the prefs before conversion. However, for every amount they do buy back they are using USD to pay back AUD debt and a lower amounts will be converted to ordinaries & finally a lower distribution to pay in January. To understand the calculation of net debt and geraing see the quarterly report Gearing after repayment of the prefs is around 50%, little high, I suggest that we need it around 40%. The Atlantic loan (4%) is fixed for about another 4 years from memory. Late 2023 I am expecting distributions to restart. This does depend on the discount to NAV as still more logical to buy back if the discount to NAV is large.
- Forums
- ASX - By Stock
- URF
- Ann: Fund and NAV Update
Ann: Fund and NAV Update, page-6
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add URF (ASX) to my watchlist
|
|||||
Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $197.6M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 407030 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 226611 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 407030 | 0.280 |
4 | 369100 | 0.275 |
5 | 240158 | 0.270 |
2 | 194339 | 0.265 |
1 | 20000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 226611 | 5 |
0.290 | 169391 | 5 |
0.295 | 115000 | 2 |
0.300 | 130690 | 2 |
0.305 | 53333 | 2 |
Last trade - 10.36am 11/07/2024 (20 minute delay) ? |
Featured News
URF (ASX) Chart |
Day chart unavailable