TIM
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0.00% 4.4¢ timbercorp limited

TIMHB / TODHA are much more secure. They have their own pool of...

  1. primaus72
    1,611 Posts.
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    17/04/09
    22:34
    Post #: 5025375
    TIMHB / TODHA are much more secure. They have their own pool of security.

    Face value is $100 but due to trust deed the asset backing per bond is $150

    Any failure to pay dividend (24% yield) will result is automatic repayment of $100 (once properties are sold).

    I would say in worst case firesale case these bonds are worth $60-80

    TIM Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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