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BDL 13.5¢

undervalued entry?

  1. sharkie13

    66 Posts.

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

    This is an extract from the recent prospectus:


    * 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

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