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Post by easterndreams on Sept 13, 2020 13:24:07 GMT
I know next to nothing about this company but as an investment, it seems to fall into the category of "exciting"
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Post by easterndreams on Aug 8, 2021 2:40:16 GMT
MORE Eros coming to the platform at 1,800% ytm maturity in October (price is ~43p / £)... what is going on?
Seems like management are playing a game of russian roulette with some of these issuances
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Nomad
Member of DD Central
Posts: 727 
Likes: 494
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Post by Nomad on Aug 8, 2021 7:03:31 GMT
MORE Eros coming to the platform at 1,800% ytm maturity in October (price is ~43p / £)... what is going on? Seems like management are playing a game of russian roulette with some of these issuances Business Wire News Release Aug 3 - "Debt Restructuring Update The Company is considering its options under various debt arrangements, including the £50 million 6.50% UK retail bond that matures on October 15, 2021, and the requirements to deliver audited financial statements by July 31, 2021.... The Company cannot provide any assurances that it will be successful in obtaining any extensions or paying off the debt."
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Post by easterndreams on Aug 8, 2021 13:24:05 GMT
My worry is what happens if noone on the platform buys then and they default, is OUR company at risk of default as well?! What happens to our other bonds in that instance? Are they segregated?
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Jaydee
Member of DD Central
Posts: 415
Likes: 791
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Post by Jaydee on Sept 21, 2021 9:38:24 GMT
I see we are getting a rise in price as this moves towards the redemption date.
Worth taking the risk of buying some?
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Post by easterndreams on Sept 21, 2021 12:03:50 GMT
It is outside of my personal risk threshold but *jazz hands* not investment advice
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Post by kazamx on Sept 29, 2021 19:12:54 GMT
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