sharetrader
Page 264 of 840 FirstFirst ... 164214254260261262263264265266267268274314364764 ... LastLast
Results 2,631 to 2,640 of 8391
  1. #2631
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,502

    Default

    Quote Originally Posted by percy View Post
    Business confidence down.
    The workers confidence up.
    Ask yourself who buys cars under $15,000.
    Then work out who sells cars under $15,000.
    And by the time worker confidence turns they aren't going to be wanting left holding the repayments on a $25,000 car.

    (reserve bank reckons lower interest rates may be on the cards - what better time to be buying a well priced vehicle!)

  2. #2632
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Yes Turners will be "well positioned" for the spring buying season.
    Take care buying a car in wet weather.Check it does not leak,however it is very difficult to check for panel damage that has been poorly repaired,or paint mismatches .These can only be properly checked in fine weather.
    Last edited by percy; 10-08-2018 at 03:07 PM.

  3. #2633
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    http://nzx-prod-s7fsd7f98s.s3-websit...253/284574.pdf

    New bond issue contemplated at 5.5%.
    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

  4. #2634
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    Quote Originally Posted by Beagle View Post
    http://nzx-prod-s7fsd7f98s.s3-websit...253/284574.pdf

    New bond issue contemplated at 5.5%.
    Yes....so do I convert to shares ....current dividend slightly greater than 5% @301, but a chance of appreciation / depreciation ? Or go with the bonds at 5.5 %
    Or take the cash and look elsewhere ? When I bought the bonds I had hoped the SP would be quite a bit higher than the current level where I am 1.5% underwater. I'm leaning towards taking the shares....given that was my original intention. I guess I will get a few more with the low SP, that's the silver lining to the current SP.

  5. #2635
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by RTM View Post
    Yes....so do I convert to shares ....current dividend slightly greater than 5% @301, but a chance of appreciation / depreciation ? Or go with the bonds at 5.5 %
    Or take the cash and look elsewhere ? When I bought the bonds I had hoped the SP would be quite a bit higher than the current level where I am 1.5% underwater. I'm leaning towards taking the shares....given that was my original intention. I guess I will get a few more with the low SP, that's the silver lining to the current SP.
    Exactly.Known as a win,win situation.The trust I help out on, will be more than happy getting a good few more shares.

  6. #2636
    Member
    Join Date
    Jan 2013
    Location
    Wellington
    Posts
    223

    Default

    Quote Originally Posted by RTM View Post
    Yes....so do I convert to shares ....current dividend slightly greater than 5% @301, but a chance of appreciation / depreciation ? Or go with the bonds at 5.5 %
    Only one will give you imputation credits to help counter the tax...

  7. #2637
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    Quote Originally Posted by kiwico View Post
    Only one will give you imputation credits to help counter the tax...
    With both my last two tax returns I am accumulating IC's ! Hopefully this rectifies itself now I am getting super.

  8. #2638
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    I am hoping for 17 cps in dividends this year up from 15.5 cps in FY18. These should be fully imputed, (yes I have checked their imputation credit account when making that assessment) so that's 17 / 0.72 = 23.61 cps gross dividends from the shares. .2361 / $2.92* = gross yield on conversion of 8.1%.
    *$2.92 is my best guess of the conversion price based on a 5% discount to 90 day VWAP. Has been trading around $3.15 and more lately $3.01 so I have taken the average of the two = $3.08 less the 5% conversion discount.

    I will exercise my right to covert the bonds into shares. Barring some major exogenous overseas shock I think there is limited if any downside from a conversion price of about $2.92.

    Yes you can offset imputation credits to the effect that you will get some or all of the PAYE deducted from your super refunded. IRD will not refund imputation credits per se, as you know.

    These bonds have been a big disappointment to me but its time to move on...you can't win every time !
    Last edited by Beagle; 15-08-2018 at 02:53 PM.
    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

  9. #2639
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    Quote Originally Posted by Beagle View Post
    These bonds have been a big disappointment to me but its time to move on...you can't win every time !

    Bemused as to why they should be such a disappointment. Great interest rate while they were active with opportunity of converting to stock or get your money back or roll over into new non convertible bond....your choice. Seems pretty much an OK deal from my perspective.

    The disappointment for me is that the shares have not appreciated more. Maybe they will in the future and we will therefore be happy with the SP over the last 2/3 months. Am I missing something ?

  10. #2640
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    The degree of disappointment depends upon what you paid for them. At one point they traded as high as nearly $1.10 on the prospect of them providing upside potential well above the $3.75 maximum conversion price. I'm not as disappointed as shareholders who bough the shares at ~ $3.90 though !

    Wonder when this dog will start barking ?...(opps did I really say that out loud) For homework tonight I'd better write 100 times...I must not p inside the tent (pleased I sold half my shares at $3.16 in anticipation of this conversion)...sometimes you have to work the dog to make it bark a bit
    Last edited by Beagle; 16-08-2018 at 11:20 AM.
    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

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •