ALZ australand property group

value for money or deadduck, page-8

  1. 2,123 Posts.
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    sgoni

    If you are right on AAZPB, then getting the high yield to say 2010 is not a bad option. But I would have thought issuing scrip is better than paying an extra 2.5% coupon. Anyway, we will see in a few months.

    on TIMPB, my thoughts are detailed on TIM forum. But selling TIM and buying TIMPB seems a good trade. On a 1:1 basis, you get good protection on downside and you only lose overall is TIM > $1.89 in Sep09. You can adjust hedge ratio how you see fit and vary the payout. But with all the TIMPB being exchanged in Sep09, hard to see share price much higher than today's levels.

    After TIMPB, I like MXUPA for its high yield and the likely payout in 2010. See my comments on MXG forum.

    I also like BEPPA, BNBG, WFLPA and IANG. I will take a look at the ones you mention.
 
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