Member Info for nomlungu

OK - the article is about mice but still of interest...

https://medicalxpress.com/news/2019-03-gene-insertion-mice-regain-sight.html

"You would inject this virus into a person's eye and, a couple months later, they'd be seeing something," said Ehud Isacoff, a UC Berkeley professor of molecular and cell biology and director of the Helen Wills Neuroscience Institute"

I thought that this article was interesting:

https://medicalxpress.com/news/2019-03-gene-insertion-mice-regain-sight.html

So then you would agree that if you bought the bonds at the current price and held until maturity in 20201 the annual yield would be 44% if the bond's interest coupon is paid and the full issue price is repaid.

It may be semantics but I am looking at annual returns until maturity - if they cannot repay the bonds then the bondholders win and take control of the company as they are at the front of the queue, hence the tussle between the BOD, MA and the bondholders. Then shareholders are left with nothing, hence the collapsed share price.

KNIGELK,

The bonds are trading at a 50 percent discount and are due to be repaid in approximately 2 years. If they are repaid in full and the interest coupon is honoured then the yield annual yield will be as posted (44 percent annual yield at close of play on Friday).

Do you not understand yield on short term bonds if the principal gets repaid - ie, you can currently buy the bonds at under half of the issue price, receive 2 interest payments and then receive a £ if the bond is redeemed at the end of the term date.

That is buy at the current price of 47p, get 2 coupon payments of 5.25% on the issue price and then get the issue price of a £1 back if Debenhams do not default on the bond. Remember, this is a £250m bond issue.

Please stop misleading people, even if in error.

The same reason I always wryly smile when I trade a share a sentiment driven share.

One thing I do not understand in this 'debate' is why someone who clearly thinks that the share price is going to fall would continue to hold.

Under those circumstances the logical way forward is to trust your judgement, sell, and then buy back in when you feel the share price is due to rise. You take a loss or book a profit when you sell but you do not see any reduction in your capital if your judgement is correct.

The article below was published over the weekend:

https://www.bloomberg.com/news/articles/2019-03-16/heart-replacement-valves-from-edwards-and-medtronic-beat-surgery

Does anybody know how TRX's aortic valves are inserted - ie, is open heart surgery needed? If so, TRX may be losing a potential revenue stream.

Can anyone who feels that the future of Debenhams is bright and positive explain why their bonds expiring in 2021 which have a coupon rate of 5.25% are showing a yield of 44% if held to maturity?

https://markets.businessinsider.com/bonds/debenhams_plcls-notes_201414-21_regs-bond-2021-xs1081972850

The market is pricing in a large haircut for the bond holders.

That is simply incorrect - some investors only invest in shares listed on specific parts of LSE (think tracker funds).

If Debs do survive and end up relegated their will be sells simply because of the above.

So they will still be on the index on the 29th even if they go into administration on the 25th - did not work like that with Interserve.

If people have not worked out that only the fittest are going to survive on the high street they really should take a walk around small town centres.

At first I was afraid, I was Brexified
Kept thinking I could never live without the frozen aisle
But then I spent so many nights thinking how it's all gone wrong
And I grew strong
And I learned how to get along...

[copied from a guardian comment]

link works on my terminal

Why cannot I buy smoked chickens easily at a fair price - what will the tariff be on the ones that I buy that are imported from France.

When will Mrs May sing - does she need a belly inflated by indolence whilst eating seasonal vegetables that induces flatulence?

maybe a question for kenny?

one of my more profitable aim traded shares has tanked towards a potential buy in again price [post next fund raise?]

looks like one more fundraising round will be announced around the final figures and news of 2019 sales

but who was behind the trades?

One of the better things about tightly held stocks is that you can sell some into a liquidity spike should you so wish (if you hold).

Of course you could be left with a falling knife if there is bad news but that does not seem likely (to me).

Do not be surprised to see them honoured by the Conservatives for their business acumen that saved tens of thousands of jobs. As for administration saving taxpayers money, do not be surprised to see loss makings contracts with central government be renegotiated in the new owners favour.

From the latest RNS:

However, under the alternative deleveraging transaction, shareholders of Plc are not expected to receive any value for their shareholding.

UK Gov will not want / allow a US Hedge Fund to run UK public services.

At least you can still sell - might no be able to sell later today / Monday morning.