Perhaps go watch their latest Investor webinar video to help you “get it”.
The company is talking to a potential buyer, who will of course be needing to buy out URFPA at $100 (their par value) should a sale eventuate. Plus, the company has discussed the option of purchasing back URFPA on market, which makes plenty of sense to me.
There are several catalysts at play here, especially given the conversion is less than 12 months away, which is likely to provide a great return on the current URFPA price should it be paid out in cash… plus, still a juicy dividend yield
on current prices!
URFPA: Now a speculative buy, page-137
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $206.2M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 28.5¢ | $153.0K | 535.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40371 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 276740 | 5 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| URF (ASX) Chart |