Hi Flip,
The way the remarketing process works is as follows.
ELD proposes a yield.
If they dont get it at the yield they want, then the stepup figure applies.
Conversion or redemption only occurs if they feel the stepup rate is too high.
Holder does not have the right to enforce either redemption or conversion, if they wish to continue at this higher rate.
Still very good value, provided they survive, and management doesn't find a way to do a "babcock" on the pa's.
cheers
hold eldpa's
Hi Flip,The way the remarketing process works is as follows.ELD...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ELD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.86 |
Change
0.270(3.14%) |
Mkt cap ! $1.400B | |||
| Open | High | Low | Value | Volume |
| $8.63 | $8.86 | $8.58 | $5.997M | 684.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1161 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.86 | 1492 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |