Thanks for your thoughts Snoopy
I'm now working for a brokerage type firm and this is my first issue to work on. We consider Turners are looking good at the moment and the duration risk of the bonds is low but yes liquidity risk will exist for divestment
A very useful yield however and I concur that one of the advantages of this issue is the convertability and the discount achieved from that either 5% or could be more if share price exceeds 3.75 so there is a bit of upside as well.
Hit me up if anyone wants some (hope this doesn't breach any rules - probably does oops)
Too late to get some at par ? Sorry, couldn't resist
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by peat
Reply With Quote
Bookmarks