Hmmm...
For a first post, that was a doozy!
I would have thought that the dilutionary effect of the notes would be factored in by the market, whether or not they are actually converted. I believe they can be converted at any time, not just at reset. If I thought I was the only noteholder redeeming, I'd do it. If I thought it would precipitate receivership etc, I wouldn't.
Top Twenty Convertible Notes
AS AT 31 August 2015
Column 1 Column 2 Column 3 Column 4 0 Twenty Largest ConvertibleNote Holders Number ofConvertible Notes % of issuedConvertible Notes1 1 HSBC Custody Nominees (Australia) Limited 7,348,200 30.94% 2 2 UBS Nominees PL 3,163,928 13.32% 3 3 VSI Hardware PL 870,000 3.66% 4 4 Citicorp Nominees PL 815,000 3.43% 5 5 Aust Executor Trustees Ltd-Charitable Foundation 780,032 3.28% 6 6 Seyma Lederman Private An 750,000 3.16% 7 7 **riel Berger 526,800 2.22% 8 8 Deniliquin Pharmacy NSW PL 417,000 1.76% 9 9 Berger Equities PL 280,700 1.18% 10 10 James Ian Drysdale 250,000 1.05% 11 11 Aust Executor Trustees Ltd-BIPETA 170,448 0.72% 12 12 Rijean PL 154,461 0.65% 13 13 Due DI Due PL 150,000 0.63% 14 14 John Matthew Rogan 150,000 0.63% 15 15 Corinne Calvert PL 150,000 0.63% 16 16 Wayne R & C M James 150,000 0.63% 17 17 Brisan Projects PL 125,000 0.53% 18 18 Yee Teck Teo 120,000 0.51% 19 19 Badgworthy PL 110,000 0.46% 20 20 Yee Lan Teo 110,000 0.46% 21 Totals 16,591,569 69.85%
- Forums
- ASX - By Stock
- AZZ
- Convertible Notes Info
Convertible Notes Info, page-2
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online