Member Info for alron

The bonds might be trading at ~25 cents but the bond market for distressed companies is way less liquid than equity. Bid-ask spreads are wide (you can see it in the numbers), and that’s a big reason bondholders aren't selling quickly. If you hold and things recover more, you might end up closer to par (or at least much higher), so why sell now at a discount when there’s potentially more on the table?

@PC if Petrofac is your second largest bond holding and you dont see a recovery then why are you not selling now before it goes to zero?

Seems Petrofac has slipped off number one position in the most shorted list!

https://shorttracker.co.uk/

Is there a non-paywalled version of the article?

FRP Advisory Group PLC - London-based business advisory firm - Non-Executive Director David Adams buys 100,000 shares at GBP1.1782, worth GBP117,820, in London on Monday. Adams is now interested in 412,500 shares, 0.17% stake.

https://www.marketscreener.com/quote/stock/FRP-ADVISORY-GROUP-PLC-104092382/news/FRP-Advisory-Non-Exec-Director-Adams-buys-100-000-shares-43242718/

Any predictions for when and at what price a takeover will take place?

Great research. Thanks aandi. Lots in there. Seems Eqtec should have been included given the scope of this. Wonder what the reasoning was not to include?