ALZ australand property group
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anybody looked at aazpb

  1. watford
    2,123 Posts.
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    18/06/08
    14:34
    Post #: 3875108
    I work out annualised rate of return to Sep08 in excess of 50%. Am I correct? At end Sep08, company has three options (a) pay you back 102 in value as cash (in my view most likely option) (b) exchange the notes for equity based on 102.5 and VWAP in Sep or (c) keep notes and pay you additional 2.5% per annum on current (i.e. rate of 13.2% on 94); Comments?
    ALZ Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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