Australia's largest stock trading and investment forum Australia's #1 stock forum

URF

Click for more information

0.00%

28.5¢ us masters residential property fund

URFPA: Now a speculative buy, page-92

First 92 Last

Share
Profile

Follow
Michaelirish

23,902 Posts.

386

23/06/21

08:22

Post #: 54004679
Share

Originally posted by mavriel: ↑

Companies always need to redeem instruments at par. I think that is an assumption in business language and dealings. Otherwise any company could just choose a random low value to redeem a bond or preferred.

In this case, the preference shares can be redeemed at par ($100 face value) in 2023. If they are exchanged for URF shares, they will be done at the current market value (a slight discount is given I think). At $0.26, that means ~384 URF shares per $100 face value. However the preference shares have a clause that the max number of shares that can be issued is 205 URF shares. So as long as the exchange rates come to an amount over 205 shares, we will only get 205 shares. 205 shares right now are worth $53.30, which would be the worst case scenario value at today's prices.

Expand

A very good post.
I continue to be angry with Dixon Advisory. The implications of the changeover from Notes A to CPU was NEVER addressed. More proof it that is needed that I was just a piggy bank for them.
There is a moral imperative that URFPA be redeemed at par. But then again is morality a concern for Dixons? Maybe ASIC will have smething to say about this?

URF Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

There are more pages in this discussion • 45 more messages in this thread...

First 92 Last

Add URF (ASX) to my watchlist

(20min delay)
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

No.	Vol.	Price($)
2	40371	0.285
6	312570	0.280
1	1000000	0.275
5	101988	0.270
3	278419	0.265

Price($)	Vol.	No.
0.290	276740	5
0.295	141246	3
0.300	377601	5
0.305	66447	3
0.310	175477	3

Last trade - 16.10pm 19/06/2024 (20 minute delay)

URF (ASX) Chart

SPONSORED BY