SRS spicers limited
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pxupa notes very cheap, page-3

  1. boomeronrations
    7,793 Posts.
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    07/08/09
    00:57
    Post #: 5479138
    Hi Richo,
    The other option will be, not to redeem, and stepup the margin from 2.4 to 4.65%.
    ALZ/AAZPB a good example of this.
    A move from mid 30's to mid 70's[AAZPB's price] with an interest rate of 180 day rate plus 4.65%[on par value of $100] a reasonable consolation prize.
    cheers

    pxupa
    SRS Price at posting: 47.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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