Got to be an error hasn't it? Stock Exchange shows a 42% drop in value in a day.
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Its really odd the data isn't showing from yesterday. No idea what's going on very odd. Unless LSE is having to check things manually or something. Data has gone crazy.
This showed the data yesterday when it wasn't showing on LSE last day true data was shown was on the 12th
WASPS FINANCE PLC 6.50\% STG SEC BDS 13/05/22 (WAS1) - Share Price | Shares Magazine
Wow, lost 50% of its value overnight. I wonder who is buying all these up?
I don’t know anything about bonds. Surely if that the case then they would have to stop trading them, until the issue was solved???
Not sure what the rules are, suspect it is caveat emptor as the bond information booklet sets out the risks. Although not sure what the rules are if it is known definitively that the interest payments cannot be made.
It looks to me like someone might be trying to dump a lot of the bonds and is doing it in smallish blocks to avoid spooking the market...
I think you can only sell 25,000 at a time. As all the historic trades are for around that mark. Not sure what the trades have been over the last few days as isn't showing up to date.
Ah, that’s a very good point, I’d not realised that in truth. You’d sense it’s a buyer’s market either way!
what a lovely sport
Is genital grabbing a problem in rugby?
I don't think there have been any sales since the last one you can see. I think the drop you see if the price people are selling for but nobody is buying them, nobodys buying anything anywhere at the moment with all the uncertainty.I think you can only sell 25,000 at a time. As all the historic trades are for around that mark. Not sure what the trades have been over the last few days as isn't showing up to date.
I think you can only sell 25,000 at a time. As all the historic trades are for around that mark. Not sure what the trades have been over the last few days as isn't showing up to date.
I don't think there have been any sales since the last one you can see. I think the drop you see if the price people are selling for but nobody is buying them, nobodys buying anything anywhere at the moment with all the uncertainty.
Would you buy bonds where the repayment is based around the performance of a Rugby team/sports stadium/exhibition centre which does not know when their next Rugby match/Concert/Exhibition will happen. Could be April could be 2021.
If it continues like this past the summer and into the winter they will need a bailout of astronomical proportions, one that neither the RFU or Uncle Derek are likely to provide.
Could it be that they see this as a way to get to their 12 team ring fenced league? Who'd really miss Wasps, their core London base is losing interest, their Coventry base hasn't materialised, there'd be outrage for 2 months but they'd soon be forgotten. The sky blue conspiracy theorist in me coming outOr PRL or CVC?
Ahem. Vinnie Jones.what a lovely sport
Is genital grabbing a problem in rugby?
If my calculations are correct (could be miles off, happy to be corrected) there are 4 more 6.5% coupon payments left, May 20, Nov 20 May 21 & Nov 21.
If you were to buy 100,000 units it would cost you around 25k at the current offers. If they can pay them you'd get your 6.5% coupon payments over 100,000 units x 4 = 26k
Does this mean there is effectively 0 confidence in them repaying in 2022?
To be honest with no income in sight, the league suspension coming out of virtually nowhere, they're likely to be in a real fix for cashflow, how do they pay £2,275,000 (35m*6.5%) in May 2020?
Happy to be told if really wrong here.
To be honest with no income in sight, the league suspension coming out of virtually nowhere, they're likely to be in a real fix for cashflow, how do they pay £2,275,000 (35m*6.5%) in May 2020?
Bridging loan from the government as just announced by the chancellor?
Bridging loan from the government as just announced by the chancellor?
Tenancy was not a viable business model
Why is a sports team wanting to own and control its own ground considered to be a negative
As long as we complete the season, get promoted - then Coronavirus could be the best thing to happen to the club.They’ve gone from ‘we don’t need CCFC’ to ‘any tenancy needs to be profitable for us’ to ‘there needs to be a joint venture’ in a matter of months.
I hope they go bust, will be the best thing sisu ever did fucking the franchise over.
to cover losses in this specific period, not for the business overall.Bridging loan from the government as just announced by the chancellor?
Hows it going to be implemented though. You would hope someone like Wasps can't go we're looking at losing £10m over the next 6 months and have that covered. Won't they look at recent trading and say you were losing that anyway we're not covering it?to cover losses in this specific period, not for the business overall.
would have thought it would cover normal missing income - not what you want. It's not there to refinance businesses just cover cashflow issues. Going to be an ongoing process to keep businesses going. SISU can't say we need 3 million for a new striker to ensure promotionHows it going to be implemented though. You would hope someone like Wasps can't go we're looking at losing £10m over the next 6 months and have that covered. Won't they look at recent trading and say you were losing that anyway we're not covering it?
They've got no chance of getting a loan, no chance at all. They're way below the credit rating required.Hows it going to be implemented though. You would hope someone like Wasps can't go we're looking at losing £10m over the next 6 months and have that covered. Won't they look at recent trading and say you were losing that anyway we're not covering it?
Is that down 64% in a day to about £24?
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