The $2.10 Conversion Price is all smoke n mirrors because ALL dividends paid between now & then come off the $2.10.
So, if NHC pays 10c per share div each year, then the Noteholders will convert into shares at $1.60 (yes $1.60) in 2026.
And they are getting 2.75% interest along the way.
I'd love to know who the Noteholders are !
No better investment on the market IMHO
Ann: Sale of New Hope Shares & Entry into Long Equity Derivative, page-15
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Last
$5.05 |
Change
0.010(0.20%) |
Mkt cap ! $4.268B | |||
| Open | High | Low | Value | Volume |
| $5.06 | $5.13 | $5.01 | $14.87M | 2.934M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29024 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.07 | 4513 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |