Member Info for avocet123

Watch the outcome of italys political situation tomorrow! A coalition would be best. A snap election would send yields sky-high.

All indices up, and yields coming down, for the moment at least.

But roobans, the net effect is the same?

Would that be the exact same as only buying 2.5% and not shorting instead?
Why bother buying 3% and shorting 0.5%, when you could just buy 2.5% and not bother with the short.

As we all know, Casapinos constantly talks his book, but he does it in a very subtle clever way.
He uses difficult words, and portrays himself as very very knowledgeable indeed.
Nevertheless, he will deramp if he is out, and subtly ramp when he is in.
Dont pay too much attention to him, he is not much better than Skier, or indeed Members.

Forsterite, you are right to challenge me. But that's what I would have thought, if I was the fca.

The thing is though, citi can't have anything to do with funding, or bonds, or they'd be accused of insider dealing. On that basis they can only be as sure as us that the bonds will get sold.

I have been influenced, but not enough to sell any luckily.

I am really confused by citi buying such a sizeable stake. We are supposably on the brink of admin, the cliff edge, so it has been reported, and such was the mood on this board. And yet citi is happy to gamble. What is going on?

I think two things will happen. The fed will make an aggressive rate cut, and trump will tweet whatever he needs to to prop up the market. That's both good for us. But fed meeting isn't until 17th of September, so again, cutting it fine for us.

Trinityman, things have not improved at all! Bond yield reversal? Dow down by like 750 plus points? How is that an improvement?

You know what, it would more likely be 8 billion more share, as you need to consider the discount. That would not worry me. I can live with 18 billion shares. But who is going to buy that many shares? It also would not unlock the rcf. And it wouldn't set a good precedent for the other HY bond sales to recapitalice the rcf.
It would only serve us to buy more time. Maybe a small capital raise, say 100m, or about 1.5 billion new shares would do to tie us over.

Gov support won't happen. News today that British steel will be bought by Turkish army pension fund. Can you imagine what they would let happen to sxx, if the let British steel get so to a Turkish army pension fund?

Why should we care if the economy slumps over the next two years. We won't be selling anything in that period. It simply doesn't affect sirius whilst it is not even operational.

Bad economy figure make it more likely fed will make a good cut. That can only be good for us.

Glad I topped up last week, if only to average down on my loss.

That was the ut trade mate. Means nothing.

There might not be an rns today at all. And that's neither a good or a bad thing.

Yes but believe and faith don't quite cut it by themselves. The last few days have shown, we also need a good potion of luck to get these through. Ideally no market upsets on that particular day. One trump tweet is enough to derail us again. Or conversely, to secure our success!

The next time we try, we have to be sure we get the bonds sold. I dont think there is a third try. Imagine we dont sell them next time. Nelson would be jumping with joy, because his 1p prediction would come true.