1. Most Discussed
  2. Gainers & Losers
BDL 13.5¢

undervalued entry?

  1. With BDL currently trading above 8c the BDLG - 8.5% Converting Pref Shares @ 6c seem undervalued.

    This is an extract from the recent prospectus:

    "MANDATORY CONVERTING NOTES:

    * issued at $0.05 per Note

    * 8.5% pa coupon, paid semi-annually

    * convertible into a maximum of 5 shares and a minimum of 1 share on
    or before 30 September 2005

    * mandatory conversion into shares on 30 September 2005

    * second-ranking security under Note Trust Deed"

    Would welcome comments on this.

    Sharkie 13

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top