I'd echo that re FCLPA. Quite apart from the running yield at these rates, if you pick up a portfolio of say 5 similar debt securities at around this 20c in the dollar level (e.g. MXUPA as Watford mentions), you'll still be ahead if 4 of the 5 go under or if only 1 of the 5 makes it to conversion. You can do the arithmetic for the juicy upsides if more make it through or for those currently trading at higher prices. From underestimating & underpricing risk the market has now gone to the other extreme. Obviously the key is to pick a basket of non-basket cases, and the Futuris Hybrid is a reasonable candidate, especially since you'll get 6% of your investment back with the imminent divi.
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Last
$1.68 |
Change
-0.010(0.59%) |
Mkt cap ! $568.3M |
Open | High | Low | Value | Volume |
$1.69 | $1.73 | $1.67 | $93.20K | 55.18K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 278 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.73 | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 278 | 1.675 |
2 | 689 | 1.670 |
1 | 2500 | 1.650 |
1 | 20000 | 1.640 |
1 | 2200 | 1.630 |
Price($) | Vol. | No. |
---|---|---|
1.730 | 7500 | 1 |
1.790 | 5214 | 1 |
1.820 | 11500 | 1 |
1.830 | 5000 | 1 |
1.850 | 5000 | 1 |
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