FXJ 0.00% 66.0¢ fairfax media limited

fxjpb

  1. 2,123 Posts.
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    FXJPB at historic low and probably a good entry point

    assume
    - buy at $49
    - BBSW 3.5%
    - exchange for equity in Oct 2013
    - sell equity at 20% below VWAP

    Noting margin is 1.55% per annum to April 2011 and then 3.75% from there, ANNUALISED RETURN to 2013 is equivalent of 28% PER ANNUM.

    Suggest you won't get this return year-in year-out with the equity.


    Comments?



 
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