It's not so bad. The note holders don't get free shares. They get paid a coupon of 2.75% and notes are convertible at $2.10. i think only $150m is drawn atm (with $50m more available). At the time of issue, that's a reasonable price/rate ... It's a quasi share with downside protection. If they convert, the loan disappears. Hardly dilutive at current prices, that's like the company issuing $150m of shares at $2.10 instead of $2.50 ... $28m discount. I wouldn't sweat it.
Ann: Notice of Annual General Meeting, Proxy Form & Annual Report, page-3
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Last
$3.72 |
Change
-0.020(0.53%) |
Mkt cap ! $3.144B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.79 | $3.71 | $9.411M | 2.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12000 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 20000 | 1 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| NHC (ASX) Chart |