Okay, so, am I reading this whole covertible notes thing right?
Currently selling for circa $450.
*IF it was April 2012 now*...
Then a holder would receive
$37.5 (for final interest payment)...
+receive 1000 / 0.629 of CBH shares = 1589 shares = $158.98 @ 10c...
=$196.48.
So, you would lose $250... even though you would be entitled to the dividend payment, and are holding a bond with a face value of $1000, that you can buy for $450?
Back to the present:
SO, if the company is trading at, say, 10c in may 2012... you would have received 5 * 37.5 = $187.5 + $158.98 = $346.48.
As such, you lose around $100 per bond if the SP remains as it is?
If sp goes to, say, 60c...
You would get $953.88 + 187.5 = $1,141 from your $450?
(Yes, I've ignored compound interest.)
Okay, so, am I reading this whole covertible notes thing...
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60.0¢ |
Change
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Mkt cap ! $68.70M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 65.0¢ | 58.0¢ | $631.8K | 1.037M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61225 | 60.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 17/09/2025 (20 minute delay) ? |
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