The reality is there are 4,270,000 of these bonds on issue .
Only about 140,000 have changed hands since 01/07/2015. All small sellers.
The rate has already been announced for the next coupon as 4.886%.
The cost to service the dividend is only $10m every 6 months plus franking.
It is hard to imagine that the Stokes family would risk the fallout by defaulting on a $10m interest payment but stranger things have happened. They may reduce or suspend dividends on their ordinary shares but you would think it highly improbable the company would have deteriorated to the extent they have to do both. God help Australia if they have.
At $64 the grossed up yield is 11% with 3 payments due in 15 months .
If you trust the Stokes family they offer a very attractive yield If you don't join the 3% of holders who have sold since 1/7. Hope your colour is returning. Remember the interest is paid on face value not today's market price
The reality is there are 4,270,000 of these bonds on issue ....
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Last
$39.06 |
Change
1.440(3.83%) |
Mkt cap ! $14.82B | |||
| Open | High | Low | Value | Volume |
| $37.62 | $39.10 | $37.57 | $35.05M | 904.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 593 | $38.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.06 | 11724 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$39.07 |
Change
1.440 ( 3.61 %) |
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| Open | High | Low | Volume | ||
| $37.66 | $39.10 | $37.59 | 118104 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SVW (ASX) Chart |