I bought some shares in Imperial Energy last Monday ..?

Question

.. and on Tuesday the shares fell almost immediately (hullo deja vu) this time because the company issued 'convertible bonds' equivalent to 10% of the total share value .. in other words am I right in saying that in the meantime I've lost 10% of my investment? what is a convertible bond anyway.

Answer 1

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Not really. You potentially own a smaller percentage of a company with more assets.

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A bond that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.