Member Info for Aubery

JR what makes you presume he was referring to ‘us’?

Javid is waffling on.....

Any consolation Dunc I too am anxious, who wouldn’t be give we are weeks from running out of cash and the last news from the BOD was they’d pulled the bonds. Update from BOD needed ASAP.

Javid is about to unveil spending plans today. One way to get 85k potential voters on side would be......

https://www.marketwatch.com/story/yield-curve-inversion-junk-bonds-still-see-smooth-sailing-for-economy-2019-09-03?siteid=rss&rss=1

Is not too much ....

I hope our US JPM friends have enjoyed a good Labor Day, they will be shortly arriving at their desks. Let’s hope we receive an RNS update shortly as there is it too much of the 3rd quarter remaining.

Been following plenty thanks JR.

What you wrote....

Never underestimate what sentiment can do to a company's sp Jimbo, and yes that means up or down but sentiment seems good recently

Utter drivel but you knew that....

JR - if sentiment is good how do you explain the SP??

Cranleigh- many thanks.

Casa, a while back you posted this..., which given our postponement now looks rather more pertinent..., any new thoughts on the meaning?

‘....,To change tack slightly I have re-read the 30 april RNS, in the light of Milo's post and am still puzzled by the following (slightly precised)extract
" JPM to act as initial purchaser of the initial bonds on a "best efforts"(my quotes) basis ......not under any obligation to purchase bonds for which they cannot secure purchasers !(my exclamation)
Translated in to English I reckon that means that JPM have sole rights to buy bonds from SXX and sell them on , only if/when they have a guaranteed buyer at a higher price , thus causing the end-buyer to pay both the coupon and JPM's profit margin.In that scenario , I wonder who has the legal right to seek redress from SXX if it all goes belly up, JPM or the end owner?If JPM they might just own a mine(or large part of it)’

I read earlier I forget where that Denmark is offering negative interest mortgages!! Y

N1 Scotsman

$16 Trillion of negative yielding debt.....

Casa,
Thank you for the info. Where can a PI punter best get contemporary info on the ‘market’ for bonds like ours?
And for your opinion, do you think we the market is mire favourable now compared to beginning of Aug.
Even if the market has improved I would suppose by leaving it closer to the the deadline of our cash running out we have lost some bargaining power

JR You are definitely very special

Chesh
Pivotal..... a pivotal role, point or figure in something is one that is very important and affects the success of that thing...,

Collins dictionary that.

It is now 19 days since the bond update RNS. 21 working days left until end of 3rd quarter but Monday is US Labor Day. Cannot imagine SXX will leave it until the last week to update therefore what we thinking, everyone incl US back at their desks next Tuesday.... news in the next 10 days? Will they stagger news, ie announce that the roadshow is back on or try to wrap up lots of news in one big fat RNS. Most important month in the life of the project for PI’s.

US bond bankers eye bumper September
US corporate bond desks are braced for the busiest month of the year when September supply kicks off after the Labor Day holiday on September 2, but negative rates in Europe have raised the prospect of US companies shunning the dollar market.
By David Rothnie29 Aug 2019
September is usually a busy month, but there could be more than usual if M&A financings are brought forward.

“We expect $120bn-$130bn of supply in September, including $35-$45bn next week, as the pace typically accelerates right out of the gates after Labor Day, especially after some of the ...

Chesh,
Are you Mark Dampier??

World markets improved and fears of global recession reduced. Hopes for SP improvement on the last day of August. Should lead to renewed optimism moving into the last month of the quarter.

Jimmy, we had a lot less shares when the SP peaked. Share price predications are fine but they have to take into account the amount of shares.....