Ann: Seven Network and WesTrac - Scheme Implement, page-7

re: Ann: Seven Network and WesTrac - Scheme I... As far as TELYS3 holders are concerned i think this looks reasonable. Essentially recieving a 1/1 in TELYS4 and retaining a stepup margin. Depending upon the maturity date of the TELYS4, it gives exposure to a bigger more diverse company. Ok it doesnt pay the $100 face value in May, but it provides BIG returns for small risk for the time being. Have a look at GNSPA today if your thinking SEVPC is now higher risk.

I hold both GNSPA and SEVPC for disclosure

GL to all, and as always DYOR