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82.0¢ clime capital limited

Interesting ,where did you get a copy of the prop. what page...

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Tinwins

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24/10/17

17:58

Post #: 28157835
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Originally posted by RStuff ↑

The first series CAMPA's were paying 7.5% plus franking, effectively 10.7% - far too much for today's market.

The present offer is a lot more palatable for share holders. I assume that each preference share will convert to one ordinary share (that was the traditional way of convertibles and was the offer for CAMPA's before bonus issues). Preference share holders will pay 96c now for a share in four years time and receive 6.5%pa during that time. You can buy an ordinary today for 86c and get 8.3%pa in gross dividends. And the company issues new equity at 96c compared to NTA of 90c or so.

So the preference shares return considerably less than an ordinary share, but you get the preference rights - first dibs on dividend etc. Looks very fair to existing shareholders. I won't be taking up any preference shares but am more than happy for others to.

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Interesting ,where did you get a copy of the prop. what page refs the preference shares please?

CAM Price at posting: 86.0¢ Sentiment: Hold Disclosure: Held
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Last 82.0¢		Change 0.000(0.00%)		Mkt cap ! $119.2M

Open	High	Low	Value	Volume
82.0¢	82.0¢	82.0¢	$20.16K	24.59K

Buyers (Bids)

No.	Vol.	Price($)
2	90092	81.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	62307	4

View Market Depth

No.	Vol.	Price($)
2	90092	0.815
3	8785	0.810
5	243916	0.805
7	34879	0.800
5	42588	0.795

Price($)	Vol.	No.
0.820	62307	4
0.825	43794	1
0.830	141580	4
0.835	2191	1
0.840	26797	4

Last trade - 13.38pm 17/07/2024 (20 minute delay)

CAM (ASX) Chart