ELD 1.52% $9.10 elders limited

Am I missing something ?Last financial report NTA 400 million1.5...

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    Am I missing something ?
    Last financial report NTA 400 million
    1.5 million ELDPA, face value 150 million
    These are safe even with write downs of another 250 million from last report
    In case of windup, these become preference shares and ordinary shareholders only get paid if these are fully paid.
    Where have I gone wrong ?
 
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