Devastated for them. It’s a bad time to be massively over-leveraged and with attendances dropping like a stone (and likely to dry up completely for a while).
Refinancing the bond is going to be crippling, and credit might be hard to come by in the coming months with all of the uncertainty around. Markets are pricing in the risk, I’d expect the bond to fall even lower.
Devastated for them. It’s a bad time to be massively over-leveraged and with attendances dropping like a stone (and likely to dry up completely for a while).
Refinancing the bond is going to be crippling, and credit might be hard to come by in the coming months with all of the uncertainty around. Markets are pricing in the risk, I’d expect the bond to fall even lower.
Said before refinancing might not be as easy as people like to suggest. But now on top of several years of poor figures and the uncertainly around the damage Brexit could do economically, they have this to deal with. All this while the repayment date is getting closer and closer. Only 26 months to go now.Wowza the bond has taken a massive hit today lost about 19%
Currently around £55
Said before refinancing might not be as easy as people like to suggest. But know on top of several years of poor figures and the uncertainly around the damage Brexit could do economically, they have this to deal with. All this while the repayment date is getting closer and closer. Only 26 months to go now.
Its so bad even some of their own fans are starting to get it!
Mirroring the trajectory of the crowd figures.Im currently not sure what's even going on with the bond. LSE website has taken some data away from it. Another site is showing it down to 49.
Not sure if this is just errors or the bind is in free fall.
Quite a few bonds and stocks for some have massively dropped last week, mainly in entertainment and eating out sector so could all be related.
Im currently not sure what's even going on with the bond. LSE website has taken some data away from it. Another site is showing it down to 49.
Not sure if this is just errors or the bind is in free fall.
Quite a few bonds and stocks for some have massively dropped last week, mainly in entertainment and eating out sector so could all be related.
That's it, they amount they have to pay back is still the same no matter if the bond price is 50 or 150, only effects the people who have bought the bonds. Great to see the vote of no confidence from the market though, refinancing this is going to be almost impossible if they go on to lose 10m a year till 2022, nobody in their right mind would lend them that money. City going back on a deal massively in their favour is the only way they're saved.It doesn't really have any material effect on them though does it. It's probably people cashing in on investments that they feel are higher risk to ensure they are secure during the coming recession. The big problem will come in May 22 when they can't afford to pay them back or refinance them without payday loan interest rates.
Yeah, the good news is the city saying these are not worth the risk, effectively saying you're not going to get your money back as they're a basket case.That's it, they amount they have to pay back is still the same no matter if the bond price is 50 or 150, only effects the people who have bought the bonds. Great to see the vote of no confidence from the market though, refinancing this is going to be almost impossible if they go on to lose 10m a year till 2022, nobody in their right mind would lend them that money. City going back on a deal massively in their favour is the only way they're saved.
Yeah, the good news is the city saying these are not worth the risk, effectively saying you're not going to get your money back as they're a basket case.
Something odd has happened. The close price is now showing back at 68 but bid price is under 50. Something has gone majorly wrong somewhe
The 68 was the last trade
The lower figures are market recommendations
No idea what the true price is.
Something odd has happened. The close price is now showing back at 68 but bid price is under 50. Something has gone majorly wrong somewhere.
No idea what the true price is.
Not sure that's right, is that not the price of the highest offer that someone is willing to pay, don't think there has been a sale made at that pricebond now worth 24p
Not sure that's right, is that not the price of the highest offer that someone is willing to pay, don't think there has been a sale made at that price
Not sure that's right, is that not the price of the highest offer that someone is willing to pay, don't think there has been a sale made at that price
Got to be an error hasn't it? Stock Exchange shows a 42% drop in value in a day.
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