I'm cutting through here and trying to geddit... but a little confused... you said earlier in the thread:
"If they are fixed hybrids (convert at a fixed ratio, from the ANN it looks like it, which is rare) then as the cnp share price increases the cost of buying the hybrids out increases hence if cnp goes great it will cost a fortune to pay out hence leaving no choice but to convert them. Am equity raising if this is the case would be useless as it would dilute exactly the same possibly more as a discount would be needed."
but then you said:
"IF it is fixed at 13c then this is brilliant for cnp. because in 7ys the hybrid will be 13c."
My question is, should your second statement be true, ie that the hybrid stayes at 13c, then that would be that the *varibale* hybrid type was issued.
Did I get it?
CNP Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
