Member Info for devonplay

BNC appearing on Bloomberg TV in a few minutes, Ana Botin.

Yeah, I'm sure Mr Fugu....it's not been a bad year for debt investors, so far. We've had all sorts of upside; income, equity, Fed support. LOL

https://www.hsbc.com/investors/results-and-announcements
Webcast at 7.30 am

Night guys, it's almost 2am here, in Hong Kong, I need to get some sleep.
- I've got to prepare for Happy's 12p Party.
You know Red is a lucky colour over here don't you!
Fugu, can I place an order for lunch? LOL

Yeah, I've been known to cry over spilled milk.... and losing money.
How about you? ;)
LOL

I of couse mean SXX, I was just cracking up with laughter as I was typing it.

"Filtered."
Guess I was right about only liking sarcasm in one direction.

I didn't have any enjoyment, that came after the abuse for answering legitimate questions.
Your confused? Aren't we all....I thought I'd wondered into an old SSX thread earlier....it's all feels so very the familiar.
Flack? What Flack...as we say on Wall Street, it you want a friend get a dog. Hahaha
How appropriate...get a dog. LOL
You guys have provided all the enjoyment, thank you again. So much.
Now if you are good and avoid name calling, I might get bored quicker...oh, and you let people with alternative views post in peace. It's a discussion site after all.
Just Happy Devon will do, after all you've been making me chuckle for weeks now.

It's all very straight forward, I came here out of interest. Answered some legitimate questions on Corporate Governance and Insolvency and got a pile of abuse for it.
It tickled my funny bone, so I stayed. I think lifes a bit short for throwing abuse at people who don't share the same view, but it didn't stop some of the people on here.
I just found it funny. So I stayed.
You see, some people can't help themselves when it comes to throwing sarcasm around, but don't like it back. LOL
New York is a bit grim at the moment btw ;)

Yeah we are conjoined twins with dissociative identity disorder.
All 4 of us.....
Who said that?
- I think it was Spartacus
No, he's in Asia on a special mission.....
- Is he?
LOL This is hands down the most funny thread on the site. Well done guys ;) Keep it up.

I'm Spartacus!
https://www.youtube.com/watch?v=-8h_v_our_Q
LOL

"Ha ha ha, great detective work, guys. You've revealed me as AndyP. How did you work out it?! I don't know who is sadder me or you lol!"
I thought I was AndyP? HAHAHAHAHA

LOL you guys are hilarious, I so wish I'd thought of coming in here before. Hahaha
I stil haven't got a clue who Andy P is, but I'm sure if he had a basic understanding of PMO he'd have also understood the significance of the creditors and debt to the business. LOL
What's next? I can hardly wait.

For those that use RSS, then you might find the AltiFi - Duke Royalty feed a useful addition.

Thanks Tex for taking an interest ;)
It feels like your hanging on my every word LOL

"I'll stock with 22.75p as fair value for PMO according to the offer."
Be my guest but thanks for sharing the other perspective - 8p.
It's good to see the balanced thinking.

I've said this before, but one of the most worrying things is there's dissent amongst the creditors.
By that I mean, they can neither reach a consensus over the deal or subsequent refinancing if it fails.
That could leave the company in a horrible limbo situation. Neither a wayforward or deal about it's future financing.
We've seem a bit of that so far, haven't we? Very limited support for the deal. I guess we can't be sure of that. That's why I think the next test date for the cov's could be interesting. Possibly illuminationg over how much consensus exists.
It's always possible they could refinance, or provide an extension, but it feels very, very unlikely. I mean, really how likely could it be?
The NewCo deal has the creditors finger prints all over it, I can't imagine that it won't either go through with shareholder blessing or get walked through by the Board and creditors.
But as you say, anything is possible in theory, that's why these situations are quite fascinating.
Excluding hedge funds it's a relatively small community, so I guess they all know each other and work together pretty often, so it's likely the Creditor Committee has a good idea of what's going to float before it's goes to a vote. That's why I think it will get the creditor 75% acceptance.
Creditors all running in different directions would be very difficult indeed. That would be a nightmare for the company I would imagine.

Yeah, but it doesn't say that does is it?
" the newco needs to have a market cap. of at least US$3.38 billion for the deal to be at a premium to the pre-deal valuation."
"NEEDS"
So all it's telling us, is the NewCo will have US$3.2 billion of debt.

"is the new mcap of newco according to this article..."
"which would give an enterprise value of $6.58 billion"
But, don't we know that enterprise value aren't the same as market cap? Unless of course you think they are, and that means PMO's enterprise value is only £120m?
Doesn't is actually say, the new market cap HAS to be at least US$3.38 billion for it to be at a premium, not that it will be?
It's at least clear that the NewCo will still have a lot of debt. US$3.2 billion of it.

It's all good stuff.
We've worked some good stuff!
There's views, amongst analysts, the post deal price could be:
high 22.75
Low 8
That's all good stuff, you now have to decide is things feel bullish or not....
I'm chilled. Maybe you should chill out and enjoy the chat., enjoy the price discovery.