RE: Stop Losses2 Mar 2021 09:47
The game afoot here - - JPM /Bybrook buys up shares - price rises - relending gets announced - JPM/Bybrook sells shares. This is an equity for debt play so they can fund the refinancing for Amigo, paid for in at least part by an appreciating share price. In that way they can transfer one asset that is volatile and unpredictable aka equity, for a steady revenue stream as a coupon on the debt. This is why the rise happens now and conversely it will drop on the actual news itself, at least for a short while (1-2 months). Not a bad theory?