Where has the board expressed that intention?
In the last teleconference they made it very clear that the board would apply their discretion each coupon period.
This is a credit market play. If you think the credit markets recover this is a good play. If no this is a bad play as it will be very easy for a board to not apply their discretion "these are abnormal times......". Remember not applying a DISCRETION (which the ASIC has nothing to do with) is very different and alot easier than defaulting on debt.
As i've said this isnt a problem you just need to be very mindful of this risk - you have to mark these securities down heavily. Is it twice as easy? Is it 3 times as easy?
- Forums
- ASX - By Stock
- the best hybrid
MXG
multiplex group
Where has the board expressed that intention?In the last...
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)