AUO austral coal limited

convertble notes v shares

  1. gung_ho
    217 Posts.
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    06/05/04
    22:23
    Post #: 460008
    I remain a big fan of AUO and am a holder and buyer.

    There have been plenty of arbitrage opportunities between the shares and convertible notes (I hold both).

    I haven't worked out exactly what the cn premium to the share price should be (it depends on tax and discount rates) but my guess is 10-15c.

    Thoughts?

    Good investing!
    AUO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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