Watford, great to read as always.
I agree cloudstreet, the relative values are often baffling. I am much more nervous about GNSPA at $50 than PXUPA at $30. Their yield is currently off the chart.
The only logic I can find is that high risk hybrids are often priced in relation to likely redemption. GNS have made a lot more positive noises than PPX and ELD. Of course they are also punished when divs are suspended, but I can't see PPX suspending now. The reality is that redemption is that dealyed redmption is not terribley problematic at 20% returns.
I think there is a strong chance of a good outcome for GNSPA in any restructure. As always though it dependent on the mill.
- Forums
- ASX - By Stock
- GNS
- gnspa
gnspa, page-13
-
-
- There are more pages in this discussion • 105 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 GNS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online