This is the reason I don't like to chase this SFL.P ..
Just I want to know when the Redemption , they will pay market price or Face value for this ??
I am very surprise why they are chasing this and paying lot ???
any one can Explain for me ?
The reason is
Fear of Redemption:
The holders of redeemable preference shares might have contributed finance when the company was badly in need of funds. But the company may refund their money whenever the money market is favourable. Despite the fact that they stood by the company in its hour of need, they are shown the door unceremoniously.
any time company can redeem this .. then they don't want to pay trading price