Works Finance (NZ) Limited (WKS) Bonds

[sharer]

As the recent reset date approached i had another go at trying to understand WKSHA. After close study of the small print i realized i was too dumb to hold this investment. I just couldn't understand it really. It was near 78-ish on entry & high 90s on exit, so there was a worthwhile expansion of the capital sum as i set off in search of a more easily comprehended adventure elsewhere.

[BIRMANBOY]

Know what you mean...... information on some of these bonds..especially the perpetuals can be difficult to find and also difficult to decipher. I can remember going backwards and forwards all over the place trying to sort it all out. Also the website link on DB didnt work..they certainly didnt make it user friendly. Thats a lesson for the powers that be..if you want a high strike rate you have to be access friendly and clear of jargon and legalspeak. Infratil is good about that..there website has an excellent section on debt securities/bonds etc.

As the recent reset date approached i had another go at trying to understand WKSHA. After close study of the small print i realized i was too dumb to hold this investment. I just couldn't understand it really. It was near 78-ish on entry & high 90s on exit, so there was a worthwhile expansion of the capital sum as i set off in search of a more easily comprehended adventure elsewhere.