Well, audited accounts were promised by today at the latest......bonds suffered late accordingly
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Well, audited accounts were promised by today at the latest......bonds suffered late accordingly
Chris Lee says be patient mate .... it'll be OK
http://www.nzx.com/news/markets/2916...s-for-patience
OH righto then :):)
Might even ring him for advice
SCFHA also new lows 28c .. you still hold these 'Winner'??
M
IF you believe SCF will come out the other side, the SCFHA's are a stunning buy........
the yield will be over 3 times the annually reset coupon rate, forever.......
Made a few bucks on the first dabble .... but yes still have some
Even the SCF10 things at 28% look interesting as well
Pity the NZ debt market not very liquid ..... could have a lot of fun
Probably good news coming out this week and things will be OK .... of course they will he says
Given the SCFHA's are basically equity, also a possibility they offer a one for one conversion for an IPO as well...current holders would take it I would suggest
SCF results looks like a restructuring under way with the help with its financial advisors F Barr, also in discussion with its U S bond holders , these events could cause a drop in the Red pref shares.
When are the interest payments due , are they quarterly, half yearly and how much each payment period?
Gidday
I feel these shares are One Dollar shares, They are preference & get automaticaly adjusted on the same terms as recapitalsation.
"3 times the annually reset coupon rate, forever" currently 9.42 % and they are on sale at 28% of the one dollar face value.
The dividend is paid 3 monthly.
E&oe