ELD 2.95% $8.56 elders limited

it's elders time, page-66

  1. 9,707 Posts.
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    Dose anyone have the list of the top 20 ELDPA hybrid sharesholders, As i think the answer maybe in it.

    If no ordinary top 20 shareholders have bought or are buying the hybrids, it maybe a strong warning that a vote on the outcome of the hybrids.

    Quote from M.J. Firstly, we do have $145 million of hybrids that have got to be dealt with,

    M.J. quote IMO is the seconds warning that one classes of securities holders are going to take a hit. There will not be funds in the short to medium term to pay the hybrids(and ordinary shareholders have taken alot of hits "SPP" for one).

    If it come to a vote on the hybrids NO div's for 20years... and vote to payout hybrids for only say $15.00 .. the vote would pass IMO.

    If i held hybrids now i would take the $30+ now.


 
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