Does anyone have any idea at what price they would buy back convertible notes??
As i understand the holders of the notes are entitled to hold as long as they want unit expiry in a few years. So, to pay them out NHC would need to pay at least the current conversion value, i would have thought.
Value of notes outstanding is $107.9 million, so conversion would mean 62.7 million shares, based on the current conversion price of $1.72. At the current market price of $5.82 / share that would mean a payout of $365 million.
Like i have said a few times before, the worst timed convertible note issue in history.
Ann: Update - Liability and Capital Management, page-4
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$4.94 |
Change
0.050(1.02%) |
Mkt cap ! $4.154B | |||
| Open | High | Low | Value | Volume |
| $4.95 | $4.96 | $4.89 | $5.242M | 1.065M |
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| No. | Vol. | Price($) |
|---|---|---|
| 50 | 28908 | $4.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 39153 | 30 |
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| Last trade - 15.38pm 17/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |