The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Yet Arcm didn’t follow the rules and notify the market! Also didn’t they buy the debt on the secondary market. Could it be that they were solidifying their position to control debt negotiations and the short used as a cash generator given their inside knowledge and ability to control. If a deal is nearing it could be said they are changing their position and moving money to new ventures.
My view is they announced the debt sale to cause nervousness and the idea they are dumping . All will be revealed at some point in the near future.
As I’ve said before, you have good knowledge of debt, a little too much for a chat board and suspect you have an ulterior motive.
As for me listening to others views, I’m fully aware this could go horribly wrong and do take notice of what others say and have a balanced view.
Perhaps you could highlight a few positives in your next post to prove me wrong and provide balance?
"Your employers are a millstone round our necks."
Yawn, how many times do you think someone who holds a contrarian view has that said to them?
They've hedged their long position with a short position, which before the (possible) sale of the 50% of their long, was back inline with what you'd expect. Don't believe me? Look around you'll find the company said something very similar. It's a pretty standard de-rsiking strategy with a company like PMO if you were long.
Now talking about employees, maybe you could tip me for the lesson in corporate finance? I suspect listening to others views might be a good first lesson LOL
Trusting anything Arcm say or do Is questionable. I’m my view they will be the ones causing all the trouble behind the scenes. Your employers are a millstone round our necks. Lol
"Every time someone post a positive your there to counter it."
Then don't read them. It's simple. Just make up your own mind.
As I've said, I followed ARCM's hint and reduced my long position. They are obv's a major long holder, so it seems rational to listen to what they are doing and reduce long positions. Get over it and move on.
Bang on with that antigua, I can never understand why posters sit on this bbwity constant negativity with apparently no interest to buy in. After a cheaper entry at the expense of others or they need a hobby!
Ha ha, nobody on this board can accuse me of being a Pmo fan boy. It’s a risky play at present, but sometimes risk is rewarded. If you don’t want the risk sell up and move on, simple!
You however don’t want to move on and instead feel the need to constantly rub Pi’s noses in it.
Every time someone post a positive your there to counter it.
Why because it suits your position? LOL
I tell it how I see it! Make your own mind up.
For me it was easy to reduce my debt long, we still don't know if ARCM were able to find takers for their long position.
After all, this is a debt vehicle, you can see that by looking at the cap table.
Indeed, however every argument has another side, you should try that some time
"Your arguments are all one sided."
LOL, realism is never one sided. Maybe you should try it sometime?
Devon, your only reason for being here is to sow negativity. By your own admission your only interested in the debt, to which you have sold. I put to you again, why are you here on Pmo Share chat board and not Pmo1 chat instead. Your arguments are all one sided.
"I would suggest you cover your short while you have the opportunity to do so."
I was long the debt, but I sold out. I expect all PMO's listed instruments will be cheaper before long and then if we've got more idea what's going on i may go long the debt again.
I'm starting to suspect this tiddler might offer a greater YTM, than the existing 70%, by November.
Devonplay I would suggest you cover your short while you have the opportunity to do so.
" they see there gravy train coming to an end"
You sure it's only the gravy train! LOL
Never ceases to amaze me when people pop up on here arguing Arcm’s position, somehow implying they want what’s best for the company.
Could it possibly be that they see there gravy train coming to an end and are trying to create confusion and doubt? After all it’s not like they haven’t done this before. Lol
When you think about it, that was long position holder wanting to reducce their exposure to the business by 50%
"Does anyone know what happened to ARCM'S sale of bonds?"
No, but we are starting to see why they wanted to reduce their long position in them. That short was to protect their long debt position. Reuters did say they were concerned about the refinance deal. I think what we've seen by todays release is they aren't getting the support they want from other cretitors. Can kicked down the road again!
No leaks, whatsoever. I think there will be an RNS probably after close of play tonight.
Does anyone know what happened to ARCM'S sale of bonds?