yes, and there is the added opportunity on GNSPA that they may be redeemed in near future given their current margin over BBSW is already a stepped up 5%. This margin might be considered too high for the credit risk. In the meantime, running yield is just below 12%. Redemption brings on a 33% capital gain. Seems pretty attractive.
One other below the radar screen is SAKHA. It is a note maturing in two years (31 Dec 2011) so guaranteed redemption. At first glance, yield is thin at around 5.7% and potential capital gain is only an extra 7% but with MAP shoring up balance sheet with capital raising, this is I think a safer one than most.
- Forums
- ASX - By Stock
- gnspa
yes, and there is the added opportunity on GNSPA that they may...
-
- There are more pages in this discussion • 8 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
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online