Analysing an unusual equity-linked security?
- Non-standard payoffs
- Trading unusually cheap, or expensive, vs theos
- Unusual terms & conditions
- Understanding precedents
Understanding the operation of a conversion price adjustment mechanism
- Has an issuer kept current on their adjustments and notices?
- Analysing the impact of unusual events, like discounted rights issues or scrip dividends
- Need an expert opinion when discussing a calculation?
- How does the convertible market differ from other markets?
- Analysing the risks and benefits of a convertible vs the equity or bonds of a company
- Understanding how other convertible investors’ behaviour could impact your investment