Member Info for devonplay

"If the Anglo take over Sirius does this make my investment worthless.Im a small investor and would stand to loose a few thousand so should I sell and take the hit or wait and possibly loose the lot"
If you sell now you get cash, otherwsie you can wait and see if the offer happens then you get the offered amount.
A deal may or may not happen, an alternative offer may or may not happen.
There's no guarabtee that a "vote"on the deal will occur. Board's can remove the relevant rights if they belive its the only option to avoid a disorderly insolvency.
If they don't secure funding by March or any alternative offer, then it's possible the company will be delisted and the dissolution process will begin. In those circumstances, there's no guarantee that you will get an offer or any cash return as a creditor. If you want certainty there's only one option. Sell now.

*tumbleweed*

Just found it BUR1, I have the slightly longer dated BUR2 on my watch list for January. I already hold a small amount of the '22s (BUR1) Not sure why HL aren't finding them using the title, the ISIN is XS1088905093 for anyone interested YTM 5,5% from a rough calc.

My correction the 6,5% doesn't appear to be on ORB.

" that it’s classed as a complex investment"
Interesting as these, as far as I can remember, were issued on ORB, Order Book for Retail Bonds, so were designed for retail investors. I've heard a few people who hold bonds via Bell having problems buying and selling. Perhaps that's your broker as well?

"I'd take some profit. Anything that can go up this quickly can down as quick.
I'm sure you won't be taking that advice, but....LOL"
Spreads gone back to normal. I'm sure there's a trader somewherein London thanking you for his Christmas bonus.
He's Pearls "institutional investor probably" LOL
Tight liquidity, wide spread, classic pi trap?
Time will tell....

LOL no sweat Pearls. I'm not a trader, I'm in for the long term. I still own the first shares I bought 30 years ago.
I'm afraid there's not enough liquidity for me in this one. I'd have to keep buying to get the kind of positions I want. I'm up nearly £30 grand over the last few days, so more than happy with my stategy. It's been a good few days, but not as good as the Brexit vote....that was GOOD for me LOL
I'm always interested in capital gains, I'm up x7 my starting capital of '10 and as I'm expecting less next year, so I've been turning my attention to securing income for the last year.After all over the long term that's 50% of your return.
Spend it well, I'd take some profit. Anything that can go up this quickly can down as quick.
I'm sure you won't be taking that advice, but....LOL
I should be getting my next payment from DEB in January, yield is around 13%, from memory, and if it matures in a few years then I get the equivilent of a 50% yield per year (from memory)....
I'm not waiting for the trading update from DNA3. That's 17% down since I bought it. There's potential for a mighty capital return, also a big loss, so I'm focused on that at the moment. In the interim I'm taking the income flow. Now news and it might be the bargain of the year for me. 31st of December and I've got an interest payment from Punch Taverns coming on the 26th. Never a dull moment. I might be looking at Burfords Bonds (on ORB) I saw a note today on them. Director buying. There might be some value there. Guess I'll find out. Happy Christmas. Spend something in Debenhams, they've got debtors to pay Hahaha

LOL Pearls Happy Christmas. I hope your starting the make you DEB's money back.
I said this was a fun thread! ha ha ha
I'm still not tempted, but I appreciate the price increase. If you are in the money, I'd lock some away.
What goes up, can come down. Enjoy!
LOL

"That last trade of 625,000 was a good purchase! Wrongly reported on here as a sale as it was a delayed report"

If you look at it you'll find it's flagged as LRGS meaning it's "Large in Scale Deferral", that's done to manage liquity in normal circumstances.

Well done guys, the excitement is Palpable!
LOL

WooooHooooo!
Time to take profits?

Stonking day. Congratulations guys. I looked at this one in detail before deciding to buy the debt.
Every comment I came across looked negative about the equity.
I thought there was good business in there, but for my own portfolio reasons decided I wanted fixed interest and thought I'd get the cap . apprecition from the bonds.
Decent, exciting business.

Pearls if you feel your tummy getting tight because you're worried about this closing at it's usual level don't worry. Really, it's all going to be OK :)

No, I haven't. I already hold some and have for years.

On your predictions, I'd wait until they've reached 4p and take the 8p exit. That way you've seen a period of recovery and made 100%

Afterall, the reason investors like me have been at it for 30 years is we focus on not losing money as much as making it.

100% with the recovery underway, will do me OK, but as the company has said "early stages"

I'm guessing pointing out the merit of waiting wouldn't be your strategy. And yes, it does have it's moments of hilarity.

But, the spread gone out to 12% again.....

There it goes Pears! You've done it! Ha ha ha

"there's no time like the present"

LOL FIRE SALE!

LOL
Last trade 2,50.
Go for a walk, your going to give yourself an ulcer from all this wishing. Are you down a lot on this one Peals?

"you will be wetting yourself"

LOL

"I predict"
I love your predictions Pearl. The Debenhams board is full of them LOL
None of them came anywhere close to actuality!
Maybe you should kill it and wait.
We know you want to exit, but slow down a bit. I'm guessing you are underwater here?