Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I tell you what is interesting off the LSE site, their calcualtion on the YTM (using the exiting maturity date I preseume) YTM 68.611%
This close to maturity, if there wasn't a chance of default, those would be trading around par.
But, of course the company has given an indication of what happens if they can't kick the can down the road again, haven't they...a credit event.
Booked my profit, too much going on, too many turning cogs. Sometimes it's better to site on the side and just waive at the train passengers as they go by.
I think the payment is next week, interest payment, I always keep a dividend diary, but I never seem to get into the habit of putting "interest payment" in it.
Oil futures up thanks
"exand my small positon below 70."
that came quicker than I expected.
I'm still working on the proposition that the "war" stands a good chance of being over by end of June.
A footholding is what I put in place to make sure a stock is in my portfolio. Rather than just a watchlist. I find having skin in the game makes me more attentive. The question now is it time to add moreor await on further turbulence?
I may wait on end of March/April's income. As my original plan. If CV does peak over the April period and we get an armistice, temporary or not, then it could be a compelling punt. Lesson as ever, never go full tilt. If we have any recovery between then and now, so be it. It's almost impossible to guess tops and bottoms.
It matures in late 2023, that's plenty of time for things to change. Until then I'll take a chance on the double digit yield.
None of us know anything for certain, but that's what the point of fixed income. Nothing is certian, but in an uncertain world it at least provides the possibility of capital return. I'll be looking to exand my small positon below 70.
3.5 years - it's a fair time for Brent to move up.
Nobody can question if this bond matures then the YTM is great. But Brent is trading at $35bbl. Therefore whether it matures is open for question. I hope it does but who knows. I don't know anything for certain at present and that is not a good place as an investor to be.
Yeah, could be a different couple of months. Eurasia are commenting that the discussions will start again betweem Russia, Opec and Saudi's shortly and that it's likely to be a V shaped recovery. I'm less worried over corona virus over the medium term. The next couple of quarters will be difficult. In a few years time it'll be history. I have cash available that I'm expecting to feed in during April. When it comes to oil debt v equity, I'd prefer the debt. I managed to buy my foothold at 85 this morning, that gives me a decent YTM.Even if it get no futher than a footholding! I'l think about more if we go sub 70p. The few things I have bought this week have average double digit yields. It's too early to be looking for capital, income might be a worthwhile punt if it's diversified portfolio.
I was in the 3xETF Nasdaq short for last two weeks but got out Friday morning. Markets are so volatile at present I am going to keep some cash back and watch things. On oil I can see a very bumpy few months, generally I think Coronavirus could be devastating or many companies in many sectors. Leveraged companies rely on regular cashflow to service their debt, government imho will have to step in to avoid widespread job losses.
It's going to be a bumpy ride. I was happy to take a very small nibble and sit back and wait. I've invested less than the average daily movement of my portfolio (in normal markets), so it's not a great risk overall. I note they are a fraction down on my 88 (dirty price, costs enclosed). I'll be keeping an eye on New City's positon as they opened a position at the start of the year. I intend to hold to maturity. Any plans for your exit cash? I'm going to have a look around the rest of the ORB's later in the week. I last bought NewDay's 7.375% '24. I'm planning to have a look what Alnwick's IPO trades at post issue. If it makes it that far. I don't epect it will be going to a premium. Which reminds me to check on Brunwick.
I sold my bonds at 86p this morning. I was pretty delighted to get that price to be honest. The risk/reward didn't stack up. Leveraged oil producers in serious trouble.
Opened a position on these. Usual strategy. Small amount and I'll add if we go past 65. If it doesn't get there happy to just hold for the YTM.