No warrants unfortunately on Stake but all the capital notes are...

No warrants unfortunately on Stake but all the capital notes are there. I'd love it if they had MINI warrants on there as I could smash out some easy trades. Agree with the HIN CHESS model being superior, I only use ASX brokers that do that.

I'm also surprised how discounted LFSPA is to par. It was even lower in the cap note sell down in June. Can't see the company going broke but it could halt divvies if arrears rocket up next year due to home loans switching from fixed to variable.

I've seen those RHCPA perpetuals, so the cap note gets forcibly exchanged if they get taken over? Not sure why they have them issued at such a high yield but you probably can pick them up at around par every so often.