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Baldmark see my earlier post below from 19/2
BOND AUG’2419 Feb 2024 12:14
This a very strong buy-85 offered a bargain
1.won’t default plenty of options to pay this, 700 mil of property on books- bond 50 mil
2.roll the bond ( v unlikely) into a higher coupon ie 12+ and then bond still safe
3.even if co folded (won’t happen) receivers sell the assets and bond repaid in its entirety.
Been buying these from 86.5 down to add to my existing holdings- v happy to keep adding as 6 months investment for 18% upside plus the 2.25% interest, decent in anyone’s book.
Been calling it for 2 weeks it’s currently 87 offered- nailed on to get par in August plus 2.25 % dividend, easy trade here
I reiterate keep buying the bonds- only play in town
Thanks Mary I’ll take a look, already have sizeable position in SPT -great biz far too cheap
Another good trade I reckon WG see my earlier post
Sensible trade ….good level
Just topped up …love these pullbacks,need to look through all this noise very big opportunities here
Mary, not sure if you interested but just posted on the WG page, a very interesting play imo
been almost a year since the apollo bid @ 240 which was abandoned without explanation.
the business has stabilised and on a much sounder footing since then and has a very impressive order book with the potential of a reinstatement to the dividend list which the times touched upon after the last recent update .
i feel only a matter of time until either apollo has another go here or other candidates will come to the fore to take advantage of these very oversold levels.
i also note that david lockwood as been appointed to the board as a non executive director commencing 12th march, david has a very impressive track record-recently stabilising and growing bab**** to health besides selling cobham to a us private equity predator.
this company’s days of independence is numbered imo and a great opportunity here…
More covers than at Headingly….
Fitch etc non event no one cares about these d/g anymore it’s meaningless in the bigger picture-of course they’ll move the grade on a share price move line that-as Mary said if not for you then sell I’ll gladly take your loose stock- onwards and upwards
I wonder if Martin will bang on again about it tonight / this week in his show for his followers.
Sure has….no shock there…last of the series so was always going to have a last swing at it…750k complaints lodged so far….plenty of chancers in that figure
Good post syno very interesting, gonna buy more tomorrow in fact I like averaging up on momentum
Yes, i wonder if moneymule closed that short….more it rises the more those shorts panic…tbh they had their fun and should close out as this will gain momentum v quickly, I notice ML the condescending people’s champion has his last program in the current series on tonight so he probably has another dig tonight??
I love the smell of burning shorts..
Couldn’t agree more Mary these are ridiculously oversold and my tip for approach in the coming months.
I have big position here and happy to keep adding, amazed on this pullback from 127 odd, was decent Dr buying I seem to remember recently , market is mispricing so many stocks and this is right up there
Glad beneficial kula, appreciate your feedback
Me too Mary v sensible
Thanks SYNO
Good post totally agree ,very oversold and ridiculously cheap..
Nah, -62% ytd won’t halve again from here , won’t get clarity on costs for another 6 months or so- plenty of damage applied already so good value at these cratered levels-superb tuck away