IAG 7.21% $7.14 insurance australia group limited

Hmm, GNSPA and MXUPA still offer fantastic value, IMHO.GNSPA at...

  1. 434 Posts.
    Hmm, GNSPA and MXUPA still offer fantastic value, IMHO.

    GNSPA at $75 and MXUPA at $73.

    I expect conversion of GNSPA Oct 2010... and, i don't think GNS will go bust between now and then :).

    MXUPA is slightly more risky, and, unlike most people, I don't expect conversion April 2010.... but, I can't see them paying 3.9% above forever!!

    IANG present a solid opportunity, but, i think it'll still be below my required return... Having said that, if they pay 4% above, I doubt they will hold under $100, so, capital gain opportunity?
 
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