I don't mind so much if they are saving up some capital to take out the $190m subordinated notes which can be done from 3 July 2025 with APRA approval. The 5% margin over swap rate makes them unnecessarily expensive given HLI's current financial position and accordingly I would be very pleased to see them redeemed.
If they are not planning on taking them out then I agree, more capital should be returned to us rather than keeping it sitting in a bond portfolio providing very boring returns.
I don't mind so much if they are saving up some capital to take...
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Last
$3.87 |
Change
-0.060(1.53%) |
Mkt cap ! $1.127B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.94 | $3.84 | $4.179M | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15063 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 5746 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |