TIM 0.00% 4.4¢ timbercorp limited

very attractive discount on prefs., page-5

  1. 7,121 Posts.
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    TIM have just traded at 1.55, therefore TIMPA should be trading at 2.06. But they are trading at 1.90 which represents a huge discount.
    The company has just sent out the dividend cheque and enclosed a summary of the key terms of the preference shares. The company is baffled as to why the preference shares continue to trade at a discount to its ordinary shares.
 
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Currently unlisted public company.

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