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

[fabriziof]

MA e' introvabile su OTC come si fa' a prenderlo? Come anche la General Shopping

Non mi risulta

 

[gionmorg]

Senza offesa ma questo paragone non mi sembra che abbia molto senso...pensi che il bond di H&K stia 25 punti sopra Takko per un potenziale supporto del governo tedesco?

Heckler & Koch Bonds Tumble as German Army Reviews G36 Rifle
By Katie Linsell and Luca Casiraghi - 01/apr/2015 14:23:10

(Bloomberg) -- Heckler & Koch GmbH’s bonds dropped to the lowest level in almost three years after the German Defense Ministry said it’s reviewing the army’s use of the company’s G36 rifle.

“Any decision of the German government on the rifles has little financial impact on us,” Reinhold Mueller, Heckler’s chief financial officer, said in a phone interview Wednesday.

Heckler & Koch’s 295 million euros ($317 million) of 9.5 percent notes fell 6 cents this week to 66.8 cents, the lowest since May 2012, data compiled by Bloomberg show. Yields surged to 25.6 percent from less than 8 percent in July.

The G36 rifle has a “precision problem, particularly at high temperatures” and the military stopped its delivery “as a precaution,” German Defense Minister Ursula von der Leyen said in a statement Monday. Military leadership met to discuss preliminary results of an investigation into the weapon and may consider alternatives after the final report, she said.

The review is another blow to the manufacturer of guns carried by heroine Lara Croft in the Tomb Raider movies. Heckler’s cash dwindled as the government delayed export licenses and the company may face increased “liquidity difficulties” this year, Standard & Poor’s said in October.

The company must pay bondholders 14 million euros every six months and the next coupon is due on May 15, according to data compiled by Bloomberg.

Government Orders

Heckler recorded about 1 million euros of revenues for refurbishing rifles used by the army last year and has no outstanding G36 orders with the government, Mueller said.

The company got a 30 million-euro credit facility last year from London-based hedge fund Bybrook Capital LLP and pays 10 percent interest when it’s drawn, he said.

“We are not using it at the moment and we are not planning to use it later this year,” Mueller said of the facility.

The G36 rifle has been used for almost 20 years in more than 35 countries, according to a statement on the Oberndorf, Germany-based company’s website Tuesday. All G36 guns used in the German army meet “technical delivery requirements,” were accepted by the military’s Quality Assurance Office and performed in line with other rifles in national tests, it said.

“We are shocked by the statements made by the Federal Defense Ministry about the G36 rifle,” the company said in the statement. “We take particular exception to the fact that the ministry made public statements which have extensive repercussions for our reputation without first seeking to discuss the matter with Heckler & Koch.”

To contact the reporters on this story: Katie Linsell in Madrid at [email protected]; Luca Casiraghi in London at [email protected]

To contact the editors responsible for this story: Shelley Smith at [email protected] Abigail Moses

More articles on Bonds

 

[fabriziof]

Heckler in tanti anni non l'ho mai avuta

 

[seneca]

in effetti brillano per la scarsissima trasparenza ma provo a dargli fiducia, prese ieri a 71 ma è scesa anche di più, con tutti i conflitti in corso non dovrebbero avere problemi di commesse anche in quel business

Per favore ISIN

Grazie

 

[fabriziof]

Per favore ISIN

Grazie

HECKLER+KOCH 11/18 REG.S (Reg.S) - Börse Frankfurt

 

[incio91]

Oggi fermento sulla General Shopping 10%. Hanno mosso parecchi money. Si chiude con un buy 79.80 e si è arrivati anche ad un sell 85.
Tiene anche la 12% sugli 80. L'azione invece perde il 4% anche oggi arrivando ai minimi storici 5,82.

L'obbligazione tiene bene anche dopo i risultati contrastanti

 

[maxinblack]

Non mi risulta

Se dici cosi' riprovero' sai su quale piazza viene scambiata? quali controparti la trattano? Forse e' la mia banca non le ha.

 

[fabriziof]

Se dici cosi' riprovero' sai su quale piazza viene scambiata? quali controparti la trattano? Forse e' la mia banca non le ha.

ti posso solo dire che iamgold e general shopping non abbiamo mai avuto difficoltà a prenderle otc con iwbank e altre banche

 

[fabriziof]

Oggi ho provato a prendere stork ,fino a 94,85 ma non credo di esserci riuscito

invece si

 

[fabriziof]

Fmg 2019 vicina agli 80,me ne riprendo un po'