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sussexmade

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sussexmade
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  • Thanks Beekey for the post. Mmm coupon looks ok but over 6-7 years would have been far better.! Hope Oliver manages to comment on this as always helpful.
    in Belong Ltd. Comment by sussexmade May 23
  • Good aft to all. Just to advise that i understand that an announcement is due 'early next week' via RNS whether float does/doesn't go ahead.There should also be the same news via their website. Could well be interesting.
    in Belong Ltd. Comment by sussexmade May 17
  • A promise is not a guarantee but it does depend who's giving it. ! I notice the wording used is a bit precautionary so it's a bit 'with the wind behind us' and 'if all things go well/to plan'-well they don't and the wind might be a gust. Think you'r…
  • Thanks John for the link, and pretty much read it all. So it all still revolves around one man and £1.1million-the money isn't that significant but the hub is the one man and his promise. This is what bond holders have always lived with /known so i …
  • Stock even lower now 85.00 bid. Presume the accounts/comments are pretty downbeat but i can't find them yet.
  • Still no sign of any news RNS/other but see that 100,000 were sold at 90.70 and are now bid at 89.50 (Ref LSE ). Buying opportunity soon ? ( don't think i'm brave enough ! ).
  • Paddy you're right i traded quite a large chunk of another bond ( ORB ) yesterday and no report of trade anywhere that i can find. Think private retail ORB investors like us are now more and more in the dark and its quite prejudicial to our interest…
  • Further to the above-announcement and accounts due today.
  • Oh dear see price fallen out of bed this morning some 8% or so and would appear to be heavily sold volumes. PWC resigned or maybe pushed/ushered out of door ?
  • Thanks Shaunm, yep bonds look quite solid and ord. shares even more so ! Great looking figures.
  • Thanks Shaunm very interesting. I am thinking along the same lines though was a bit surprised to read in the week end before last ( Times i think ) that in the USA there is ' a wall of money' awaiting to enter/re-enter bonds as the yields are starti…
  • Mine was paid into H.L. late Monday and yes around the 110.85 mark along with updated interest. Where to put the proceeds ?
  • Yep well done Paddy on PF and also Hind too. My comment is also about reporting of trades and where to find specific and accurate info. I traded recently largeish volumes in Intermediate Capital bonds and also late last year Helical Bar bonds with a…
  • Thanks Paddy, guess this could be bullish for retail investors for the GBP bonds in particular the 2026 and somewhat the 2024. Good result for Burford and the forex cross USD/GBP should be a nice way to hedge their currency exposure.
  • Thanks Geoffp. With such an early closure it sounds like a lot of institutional buyers are in for this and the U.S. 'Locals' too. Guess will be a good opening premium so the Stags ( and The Hinds ! ) should do well. Longer term who knows but for sur…
  • Well said Frugal, you've nailed it.Yogibear please note that the linked ( 'benchmark' ) gilt is indeed Treaury 4.75% not 4.25% as i stated wrongly. See the stock moved lower today just a tad and interestingly see the puchases are in lots of 25000 so…
  • Think the early redemption in March will be around the £1.1090 mark based on the current linked gilt price. Also we will earn the coupon of 6% p.a. until then. The risk is that gilts and in particular the 'linked gilt' to the bond ( Treasury 4.25% 2…
  • Paddy i think you are correct that this really is aimed at US investors/institutions and it's interesting there doesn't appear to be any limit on the volume of bonds/amount on offer so that will be left to 'the market' to decide on the day. Upside i…
  • P.S. see the USD/GBP is at around 1.4025 this morning so fully breached the fortress marker now.
  • Woz you're right about the RNS, quite alarming. ! Yes saw the bit too about the uplift in coupon if there is a poor rating by any agency though doubt that would happen in the short term anyway.
  • Good idea Noiansleft and i was considering the same basically -when in doubt sell out ( well half ).See the price softened a little today.
  • The full Monty of over 100 pages is now up on Burfords website if anyone feels that way inclined. See its a US Dollar bond not Euro/Dollar. Given the Pound is firm and probably will continue for a while yet to firm further v the USD forex losses are…
  • Any further thoughts on whether to wait until final redemption in March or sell now at around £1.1010.? Looks to me at the moment better to wait for that possible extra 1 point but maybe i'm missing something ? ( i realise the retained gilt price co…
  • Thanks Shaunm and cripes Nov 2014 £1.50 down to £0.105 today, now that really is the flipside to Burford.!
  • And now something more to consider- in todays Times Business Section an article about another litigation finance firm being Vannin Capital possibly coming to the market but not sure yet in what form. If they issue in the form of shares initially rat…
  • Thanks ODRB i missed that completely. Indeed the coupon may well be higher but the forex risk is real given the recent poor performance of the USD and probably continuing to be that way while the administration push for growth and exports. Does the …
  • Guess will be maturity in 2028 and if my guess is correct rate could be 4.75 pct.If i am correct not sure i would fancy it much and keep until maturity but maybe worth a punt for a 2-3 year term.? Any other guesstimates out there. ?
  • Note the 3 current bonds in issue all moved down a per cent or so this morning on the news. Fears of saturation. ?
  • Thanks Shaunm for your time on this, i will have a good look through the prospectus of both in the next few hours but being ' johnnie few mates' until 2036 with Aviva doesn't look very attractive. ! Paragon may be a better bet given the smaller prem…
  • Echoing both Paddy and Finn2 posts thanks to Oliver and hopefully you do read these comments on this platform so you can see our appreciation of your always astute observations. Ref this bond who would have thought it would be so sought after on its…