the longer the delay, the lower the price for eld & the better for rhl shareholders.
re eld the most recent relevant precedents are
1. beppa/ bip where the available equity ,left in their wisdom, by the directors was split between prefs & ords, otherwise the ords shareholders would never have voted in favour of the scheme of arrangements.
2. the more recent gns/gnspa debacle where there was total insolvency & zilch left for pref & ordinary shareholders, when the tassie government, having looted the treasury, ran out of funds to prop up the beast & would not sign any further guarantees or letters of comfort.
cashing up to prepare for the rhl issue - it should go at a good price - expect 10-15% discount to 30 or so day vwap.
re eldpa conversion - for a precedent - look to gnspa conversion attempted by the gns directors at the death-nell where there was no listed market in gns on the asx & it was impossible for gnspa holders ,if they effectively received gns ords to dispose of them
these convertible prefs (eldpa) are lethal - companies cannot raise further funds from ord share (eld) issues as they would be giving a free carry to existing pref holders.
- Forums
- ASX - By Stock
- ELD
- Ann: Rural Services Trading Update
Ann: Rural Services Trading Update , page-86
-
- There are more pages in this discussion • 16 more messages 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 ELD (ASX) to my watchlist
|
|||||
Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.284B |
Open | High | Low | Value | Volume |
$8.32 | $8.37 | $8.16 | $3.570M | 435.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1944 | $8.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.17 | 459 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1570 | 8.160 |
2 | 1348 | 8.150 |
1 | 1403 | 8.140 |
3 | 1503 | 8.130 |
1 | 1403 | 8.120 |
Price($) | Vol. | No. |
---|---|---|
8.170 | 459 | 1 |
8.220 | 1403 | 1 |
8.230 | 1403 | 1 |
8.240 | 1403 | 1 |
8.250 | 1403 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
ELD (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online