Hi,
Hold a reasonable number of these[sevpc].
Trying to decide what value I should be putting on them if SEV doesn't redeem or convert them next year.
Margin goes up by 2.25% to 4.75 over 180 day BBSW[4.49% at present].
Return of 9.8% on present price.
Been a tad surprised they have languished below $95.
Or is SEV a bit more of a risk than I think it is?
Any comments gratefully accepted.
cheers
