Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[gionmorg]

fabry mi dai il link grazie.

 

[fabriziof]

fabry mi dai il link grazie.

Scarica il file

 

[gionmorg]

Scarica il file

Prezzi stratosferici, preferisco i btp....

 

[junior63]

mah, se non avessi già ATU, ora come ora valuterei un ingresso a prescindere dai mastri cioccolatai
p.s. non penso che CEDC vada in Default, imho
Prendre a 50 un bond HY può essere un buon paracadute, nel senso che il downside dovrebbe essere più limitato

I mastri cioccolati la davano come strong buy a 84, dopo averla comprata è scesa anche sotto 40.
ATU la potrei prendere in considerazione solo se scende sotto i 50.
Titolo con troppo spread a vantaggio del MM e troppo vicino alla scadenza con 3 bonds da rifinanziare. Scommetto che se oggi si provava a vendere con IW si abbassavano di 2-4 punti sotto al prezzo esposto.
Certo che averla al tuo prezzo di carico si può anche correre il rischio di portarla a scadenza.

 

[capt.harlock]

bid otc magyar 53,5

 

[nik.sala]

bid otc magyar 53,5

sta recuperando un pochino

 

[Cat XL]

Cma-cgm

In volo dopo ristrutturazione del debito

Spero di non bruciarmi con Clondalkin dopo aver fatto bene su questa...

CMA CGM in deal to revamp $4.6bn debt​

By Mark Odell in London​

The world’s third-largest container shipping group, CMA CGM, has reached a deal with its banks to restructure its debts as it warned of continued volatility in the sector.
Michel Sirat, chief financial officer of the Marseille-based carrier, said on Tuesday a deal had been reached “in principle” with its 72 banks to restructure loans of $4.6bn.​

The company, which has a further $1.1bn outstanding in bonds, started talks with its lenders in March. Mr Sirat said he was now “comfortable” with $600m in loans that mature next year.
The agreement with the group of lenders will see a $400m tranche of debt, due to mature in February, deferred by two years along with a modification to the group’s covenants, to link them to gearing rather than to profitability.
As part of negotiations with the banks, CMA CGM is also disposing of some assets, including the sale and leaseback of some of the 100 vessels it owns in the 394-strong fleet it operates.
Mr Sirat said he also expected to announce the sale of a 49 per cent stake in Terminal Link, the company’s terminal operating business, which owns stakes in 30 terminals worldwide, in January.
Last month, the Saadé family, which controls the shipping line, agreed to dilute its stake to 70 per cent in a deal that will see $250m injected into the group as part of negotiations with its banks. Mr Sirat said it was “difficult” to give an outlook for 2013 given the continued volatility of the market, which is plagued by overcapacity and falling freight rates.
Earlier this week, Danish conglomerate AP Møller-Maersk, the world’s biggest container carrier, delivered a damning assessment of the state of the sector and signalled it would switch investment to its other businesses.
CMA CGM reported net profits for the first nine months of $310m, up from $13.2m for the same period in 2011. Mr Sirat said the company expected to remain profitable in the fourth quarter, despite concerns about the erosion of rates. He said it would report net profits for 2012 ahead of those for the first nine months of the year.
The company’s profitability was boosted by a strong third quarter with net earnings of $371m, helped by an aggressive cost cutting programme that saw operating expenses fall by $300m, or 7.7 per cent, compared to the same quarter last year.
This included a 15 per cent cut in fuel costs and a 20 per cent cut in charter costs. So far this year the company has cut operating costs by 5 per cent or $550m.​

Copyright The Financial Times Limited 2012. You may share using our article tools.​

 

[nik.sala]

In volo dopo ristrutturazione del debito

Spero di non bruciarmi con Clondalkin dopo aver fatto bene su questa...

CMA CGM in deal to revamp $4.6bn debt​

By Mark Odell in London​

The world’s third-largest container shipping group, CMA CGM, has reached a deal with its banks to restructure its debts as it warned of continued volatility in the sector.
Michel Sirat, chief financial officer of the Marseille-based carrier, said on Tuesday a deal had been reached “in principle” with its 72 banks to restructure loans of $4.6bn.​

The company, which has a further $1.1bn outstanding in bonds, started talks with its lenders in March. Mr Sirat said he was now “comfortable” with $600m in loans that mature next year.
The agreement with the group of lenders will see a $400m tranche of debt, due to mature in February, deferred by two years along with a modification to the group’s covenants, to link them to gearing rather than to profitability.
As part of negotiations with the banks, CMA CGM is also disposing of some assets, including the sale and leaseback of some of the 100 vessels it owns in the 394-strong fleet it operates.
Mr Sirat said he also expected to announce the sale of a 49 per cent stake in Terminal Link, the company’s terminal operating business, which owns stakes in 30 terminals worldwide, in January.
Last month, the Saadé family, which controls the shipping line, agreed to dilute its stake to 70 per cent in a deal that will see $250m injected into the group as part of negotiations with its banks. Mr Sirat said it was “difficult” to give an outlook for 2013 given the continued volatility of the market, which is plagued by overcapacity and falling freight rates.
Earlier this week, Danish conglomerate AP Møller-Maersk, the world’s biggest container carrier, delivered a damning assessment of the state of the sector and signalled it would switch investment to its other businesses.
CMA CGM reported net profits for the first nine months of $310m, up from $13.2m for the same period in 2011. Mr Sirat said the company expected to remain profitable in the fourth quarter, despite concerns about the erosion of rates. He said it would report net profits for 2012 ahead of those for the first nine months of the year.
The company’s profitability was boosted by a strong third quarter with net earnings of $371m, helped by an aggressive cost cutting programme that saw operating expenses fall by $300m, or 7.7 per cent, compared to the same quarter last year.
This included a 15 per cent cut in fuel costs and a 20 per cent cut in charter costs. So far this year the company has cut operating costs by 5 per cent or $550m.​

Copyright The Financial Times Limited 2012. You may share using our article tools.​

Gira @ 77/78 Cat ???

 

[whitesoul9]

Gira @ 77/78 Cat ???

io ho avuto la fortuna di entrare a 58, secondo voi alla luce di queste notizie positive è da tenere o è meglio realizzare il profitto?

 

[qquebec]

Magyar Telecom

Q3 2013 un disastro