Sorry - not a bean counter and unfamiliar with this term. Their RoE was last time I checked 10.9%;
Brought more at $2.96 today.
{ No Couta1, not the 150,000.}
I've been buying the past few weeks myself around $3.
We are well positioned for the dividends due in about a month!!!
this from Turners the other day about the proposed new bond offer —
In the event of any scaling of applications, Turners intends to give preference to Existing Convertible Bondholders who are New Zealand resident and who have not elected to convert their Existing Convertible Bonds. Turners intend to allow such holders to request that Turners apply some or all of the redemption proceeds from their Existing Convertible Bonds to subscribe for New Bonds.
Is this the bribe to try to minimise the number converted to shares
Can’t have too much dilution can we
Decision day tomorrow on Turners bond election, (allowing 3 clear days for mail delivery to registry to be sure of delivery on time).
SP is currently slightly below where i see the 90 day VWAP up to this point.
What to do Hmmmmm…... Might take half in cash and half in shares and can then only be half wrong lol
Take the money.
Why take the risk.?
Shares are risky.
Downtrend looks set to continue.
Better to have the cash at home so you can count it very day.
It is real..!!!...……………………………………………………………………………………………..l ol.
Disc.As a shareholder, it is in my interest that fewer people convert their TRAHBs to shares.
5.27% net yield with the divie paid quarterly,means can load up the candy cupboard every three months..