Simon is wrong - the extract is from the prospectus
the first such valuation date to be no later than 30 June 2016.
It reads to me that further independent appraisals aren't the same as the original one?
Why set a deadline for one they had done already?
Can anybody clear that bit up?
Simon is wrong - the extract is from the prospectus
the first such valuation date to be no later than 30 June 2016.
Failing to meet the covenants could be serious Nick.
The bondholders make their own individual minds up as to value of the bonds they hold and sell or retain accordingly
I expected a valuation 30-06-2016 it seems that from my last post it might not be the case
Have asked him to confirm.
If I read it right.
If Wasps fail then CCFC couldn't run it either.
In that respect CCFC future would be tied in with Wasps surviving.
Even more important that we bite the bullet and try and get a decent long term deal with Wasps.
Still got two turkeys.Sure you mean WASPS need to do a long term deal with CCFC?
Who hold the biggest financial risks - Bond holders or SISU?
Simon's reply about it:
Not 100% what it means.
Reads to me he thinks nobody has seen it so dont need to bother.
If I read it right.
If Wasps fail then CCFC couldn't run it either.
In that respect CCFC future would be tied in with Wasps surviving.
Even more important that we bite the bullet and try and get a decent long term deal with Wasps.
So it is in his book?
Well 45200 were traded today by someone
Time/Date Price Volume Trade valuewhat's that in money terms?
Simon's reply about it:
Not 100% what it means.
Reads to me he thinks nobody has seen it so dont need to bother.
Ah, 48 and a half grands worth.
Can't be italia then unless he has sold a small part of his investment :cigar:
Someone has made £6000 (including 1 years interest) if they were bought at issue price.Ah, 48 and a half grands worth.
Or he found some change under his sofa and bought them?
Someone has made £6000 (including 1 years interest) if they were bought at issue price.
So when they fall to 95p will the value of the assets only have to be 1.4x£35Mx0.95 ~= £46.5M
Maybe each free Wasps ticket has a cash value of 0.001p and he's managed to get a few of the ones lying around together to trade in.....
Wasps are fucked in my humble opinion.And in English?
Of course why the stadium company could succeed in CCFC hands but not Wasps could also be due to the fact that ACL was overpriced when sold, so picking it up at a more realistic price would give more disposable cash to play with.
Maybe Fisher was right that ACL was overpriced...
Plus Wasps as a club are gambling on quick growth whereas a strategy of slow, incremental growth could well be the way forward,
There is always a first time for anything.
Someone has made £6000 (including 1 years interest) if they were bought at issue price.
So when they fall to 95p will the value of the assets only have to be 1.4x£35Mx0.95 ~= £46.5M
So they are accumulating units and should bump up every time Wasps pays out?I have checked this out - the 107 price will include the accrued interest so it is not the Bond price plus £6000
So they are accumulating units and should bump up every time Wasps pays out?
Automatic using some sort of bot / algorithm?
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