Originally Posted by
bk
I can understand the discussion of holding PPP over NZO (better exposure to Tui), or NZO over PPP (more projects on the go, much good news to come).
My problem is finding some money for NZO option conversion.
Selling just about 5 PPP's to convert one option to NZO? That seems to me giving too much away, rating NZO good news too much above PPP leverage. So I keep my PPP's, and wait for them to recover lost ground (and more)
Selling 3 PRC's to convert 4 options to NZO? That sounds more like it. And I think that during the 3 months following conversion NZO will outperform PRC - but I don't have enough PRC to cover all the options.
Borrowing money? My wife might shoot me - I have already invested too much.
Mind you, the way the NZO share price is going the options might be soon out of the money, problem solved! Although, seeing the ACC is buying heaps of options makes one wonder