Member Info for dadean

I managed to read it for free too, it's like they've opened that article up to as wide an audience as possible - for maximum effect

I remembered a quote from reading “reminiscences of a stock operator” He commented (roughly )when a person is not willing to put his name to something, they are merely serving their own purpose



One high-yield portfolio manager said he could not imagine any mainstream junk bond funds buying the deal, which he described as “a high-risk project finance deal masquerading as a high-yield bond”.

“I can’t remember another situation where a bank had to arrange investor calls with third-party suppliers and clients,” he added.
Name the high yield portfolio manager!!

GK, just read your post and the comment ref risk -- finance risk at 65% -- if i large part of that was eliminated like you comment, the uprating of the shares would be pretty staggering! might need to get some bottles of expensive champagne in, or (rather some nice bottles of ale) here's hoping, would be nice to be rewarded for patience and perhaps some sound judgement

anecdotally where i live is heaving with Chinese tourists, their currency must be going a long way these days, pity when we go abroad it is damn expensive now, really felt it last time i was away from home

I would like to buy more, but as i've been buying more for months, time to stop the sirius obsession. Greed gobble gobble

"Sirius Minerals PLC’s (LON:SXX) planned US$500mln bond offering looks set to cost the potash miner US$56mln more in interest payments than expected."

It wasn't higher than what many of us were expecting! in fact lower than worse case..........

extra 1.5% a year is only 7.5 million a year -- small fry given the total cost and the contingencies

Sounds a bit of a rough ride ffc, not easy to have stomached, hopefully a distant memory for you now and one that won't repeat!

Hey Oldrascal, I hear alot of people talk about when interest rates were 13+% but the thing is while I understand that it sounds eye wateringly high, at that very same time inflation was running at 10-15%+ so in real terms the real interest rate was in the low single digits and even negative... Guess that's why mortgage debt used to get eroded away damn fast! I wouldn't mind my mortgage debt getting blasted away in real terms. But I'll end by saying I do appreciate the economic uncertainty back then was tough, hmm a bit like what we are about to enter now

I've put a slightly "educated" guess on +20-30% on the break of news ,and hopefully a continued rally to 23p or thereabout over following 4 months ... Non bond hedging shorters beware! Could be wrong on that but will see

At the moment the top up is in the blue by near 4% but what today giveth, tomorrow and each day thereafter can take away, but jeez over 8% drop at one point earlier

ok i may have been exagerating!

me too, did a little top up seeing as it is yielding over 695% now

haha too bad Haverham, i once did the same thing on a friends share holding of shell, sold the whole lot instaed of 10% -- "sorry for the additional stamp duty and the other charge levied over X £ + commision"...

gosh this is in free fall today, lots of compaines quite badly hit by brexit worries in the last few days
this fall is ridiculous -- i think?

i think that article was written by an ai bot, see lots of similar garbage on the web, the bad ones seem to be like templates with things such as revenue, debt shoved in from the accounts and a few conditional statements!

"How does drop in pound affect bond sales?"

Don't know if it would make them more saleable or not though, beyond me

As priced in dollars the current exchange rate is both good and bad. Good because if sirius procures materials and services in the UK, the dollar will go further. Bad because dept and interest payments will cost more due to the weak pound. If the uk crashes out on a no deal and the currency weakens further, this will cost us. But if the pound rallies against the dollar from this oversold position on a favorable deal, this would make our finance cheaper. Let's hope for a deal and a currency rerating. I guess however there will be currency hedging going on which will mitigate some of that mentioned above

Exactly Slurms, and that is why there is a high chance of excellent returns on equity, the leverage of the company. (OK I know it can work both ways) but the debt although large, could be perceived manageable. When the company is producing ten mton it could if it wishes pay of the debt in a handful of years.... Plus if commodity prices turn up, bigger profits to us the shareholders.

debt is a necessity, common to all major works. Equity is a bit like the down-payment, the debt is the required additional funds to complete the finance requirements. Bit like when you buy a house, 20% equity down 80% debt.

Debt makes things happen, that couldn't happen otherwise and properly managed is a good business decision

Hey Casual if you are referring to greggs yes I'd agree great company and future but woo overpriced to say the least