macq
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Post by macq on Jun 20, 2017 15:26:55 GMT
just looking at your new bond & have a couple of questions
As these are only a recent issue i was expecting only a few pence in accrued interest but there does not seem to be any is that correct?
Know the price of bonds can fluctuate but was assuming as this was purchased as a new issue it would be at par on the site not already at a small premium?
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shimself
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Post by shimself on Jun 20, 2017 15:31:58 GMT
Junk bond buyers win concessions from insurance broker K*** www.ft.com/content/890bf03e-4ac7-11e7-a3f4-c742b9791d436 Jun 2017 - Junk bond buyers successfully pushed for better pricing and terms on a deal from UK insurance broker K*** on Tuesday, showing that despite ... I'm feeling sad about Wisealpha, I thought we were going to get blue chip offerings, not (thinks of various scatalogical opposites to blue chip) |
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macq
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Post by macq on Jun 20, 2017 15:48:43 GMT
Did mention that article in another post(bit cr*p at links) and it seemed to be more about the market being strong for bonds,so the banks could demand a better interest rate on the bond so not all bad news.Would suggest most of the bonds are from well known companies but would like to see a few more non financial firms.
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adrianc
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Post by adrianc on Jun 20, 2017 16:21:04 GMT
Junk bond buyers win concessions from insurance broker K*** www.ft.com/content/890bf03e-4ac7-11e7-a3f4-c742b9791d436 Jun 2017 - Junk bond buyers successfully pushed for better pricing and terms on a deal from UK insurance broker K*** on Tuesday, showing that despite ... I'm feeling sad about Wisealpha, I thought we were going to get blue chip offerings, not (thinks of various scatalogical opposites to blue chip)From that FT article... So, basically, we're getting twice the return on a bond that's in the same ratings bracket, for a firm that's less leveraged (5.75x vs 8x). OK, there are other issues, but that - to me - sounds like a reasonably attractive starting point.
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shimself
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Post by shimself on Jun 20, 2017 16:51:51 GMT
The FT article did have something about one of the group companies struggling to repay its existing bonds when they fell due (I think, I'm not where I can get into FT site now). It's all a bit city folks gameplaying for me
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Post by kazamx on Jun 20, 2017 18:06:22 GMT
The FT article did have something about one of the group companies struggling to repay its existing bonds when they fell due (I think, I'm not where I can get into FT site now). It's all a bit city folks gameplaying for me It was Towergate who had £500M of bonds trading at 75p a year ago.
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Post by Wisealpha on Jun 20, 2017 19:52:01 GMT
Hi Guys, Yes, we've just put on Kirs - we got it just after it broke in secondary because the settlement was delayed to today so paid a bit of a premium. One of the businesses in the group Towergate had to do some operational restructuring to get financial performance on track again, while the others have grown hence why investors wanted the 8% plus return. The combo is meant to diversify the group and encourage cross selling. Risk reward consideration for you guys. Just like choosing whether you want to go for that 12% quarry development or that unsecured small business loan. We have said we'll do big brands and some higher yielding stuff to make it interesting but all will be big companies typically valued at a billion (plus or minus). We're going to be adding Centerparcs and Ocado - yes both with low yields around 4. Centerparcs is backed by real estate as well as the business and has a strong reputation in the market hence the lower yield. Ocado has a large equity market cap and good performance. Both are strong brands hence why those will come on later this week. We will offer Ocado out at zero fees to encourage some diversity in the lower yielding but lower risk names.  Kind regards, |
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macq
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Post by macq on Jun 20, 2017 21:30:16 GMT
Hi Guys, Yes, we've just put on Kirs - we got it just after it broke in secondary because the settlement was delayed to today so paid a bit of a premium. One of the businesses in the group Towergate had to do some operational restructuring to get financial performance on track again, while the others have grown hence why investors wanted the 8% plus return. The combo is meant to diversify the group and encourage cross selling. Risk reward consideration for you guys. Just like choosing whether you want to go for that 12% quarry development or that unsecured small business loan. We have said we'll do big brands and some higher yielding stuff to make it interesting but all will be big companies typically valued at a billion (plus or minus). We're going to be adding Centerparcs and Ocado - yes both with low yields around 4. Centerparcs is backed by real estate as well as the business and has a strong reputation in the market hence the lower yield. Ocado has a large equity market cap and good performance. Both are strong brands hence why those will come on later this week. We will offer Ocado out at zero fees to encourage some diversity in the lower yielding but lower risk names. Kind regards, Still wondering, as your bonds even your new WiseAlpha bond show accrued interest why the Kirs one is not?
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Post by Wisealpha on Jun 20, 2017 21:34:34 GMT
Hi,
Kirs bond just settled today so interest only starts accruing today.
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macq
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Post by macq on Jun 20, 2017 21:46:18 GMT
Hi, Kirs bond just settled today so interest only starts accruing today. thanks for info (maybe enough for an ice cream tomorrow )
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