I Contenuti più Recenti di DanteAllemis

Dear Cat, you are right - the bonds don't exist anymore as they were expropriated by the dutch state. In the clearing systems (Clearstream/Euroclear) there are still instruments listed however. We all see them in our accounts, right? These instruments are not the bonds anymore, but placeholder...

No I am not the dutch government ;-). The claims to compensation are transferable. Also, there is a way to transfer the placeholder instruments, I have bought a few positions in 2017. There is/was some buying interest at 20, but I think this will decrease once it becomes clear that a payment...

Good day, I think we might get a payment in late 2018, 2019 or 2020. But there is still some room for the Dutch state to delay. Anyone who wants to sell their claims now, please contact me via boardmail (conversazioni private) or by email kaufangebot at outlook com. Sorry to write in...

Hi Bosmeld, yes that is quite good news for WestLB. Most important, the use of the german banking restructuring act "RestrukturierungsG" seems to be off the table. That was the main threat to the value of WestLB Hybrids, both profit participations (Genussscheine) and silent participations (the...

Hi Max, good to hear from you. Sorry I am a bit absent here, but I am celebrating life in Sydney... :-) Now, to your questions: Basel III is a clear positive for hybrids as they will lose their core capital status, which should strenghen incentives for early calls. Now, the exact impacts vary...

I would back your allocation move away from that 80:20. Of course implied future swap rates are important. But also keep in mind that the steepness of the curve (10yrs-2yrs) is at record wides. Not much steepening is left here which would fit in with the economic cycle situation we are in. I...

As I wrote the last time we talked about this, I am not expecting rate hikes in 2010 for the eurozone. Since then (January) the uptick in the economy has been larger than expected but more so in the US. There still are no inflationary pressures. One has to keep an eye on commodity prices for...

Hello everyone! Happy Easter or BUONA PASQUA!!! I post these answers to a question form maxinblack for everone to see Eurohypo Trust 542376 Eurohypo Trust A0DZJZ This was a good pick, I still like these at current prices. Eurohypo will come very strong through the crisis as Commerzbank has...

WestLB Ciao Max! Thank you for your Questions. WestLB smaller than expected losses where a huge step to longer term value in T1s and UT2. As far as I can see the whole Bad-Bank-solution is very positive for WestLB as no one-off-writedown are neccessary and hybrids and ut2 will stay with the...

WestLB Hybrid I was wrong, but I am happy: WestLB pulled a miracle and posted only a small loss of 294,9 Mill. Euro. Also, very positive language about profitability of core Bank in 2009 and for the outlook in 2010. Seems like this loss was only due to EU-Commission pressing for write-downs...

Sentiment not too good. Hybrids took losses with markets going down. Some seek insurance hybrids for safety e.g. Arag. Beside that I chose to hedge my positions and sold 4 FESX futures, 1 FDAX future and 8 FESB futures. Also, I loaded up on the various ut2 (in addition to UT2 of Commerzbank)...

Took 300k WestLB XS0216711340 @39,50-40. It now looks attractive after the correction. UT2 has moved higher trough out the board in the last weeks, T1 has to follow. I am still long-term bullish for WestLB and for now I am switching back from UT2 to T1. [Remember that this Hybrid will pay 2x2%...

Sure. Like I said a bigger than expected loss is coming. I switched into upper tier2 of WestLB as I still believe in WestLB's future but feel better with a cumulative investment for now. Here is a quick google translate (sorry) --- CIRCLES - WESTLB HAT 2009 hundreds of millions LOSS CIRCLES...

No in Frankfurt it is quoted in EUR. 17,53€*1,4$/€ = 24,542$. It still is a $-perpetual. But trades around 98%.

WestLB Hybrid Guys, I sold my WestLB hybrids. My guesses were wrong, they will post a bigger loss for 2009. Hybrids and upper tier 2 will be written down by 10%. No interest will accrue while they are written down. Also, the whole upper tier 2 has to be written up and deffered interest on upper...