[link] epic min hot off the press Minoan Group reaches deal with preferred buyer of travel and leisure division Minoan Group has revealed an exclusivity agreement has been signed with the preferred buyer of its travel and leisure division.
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Onedb1 - I understand utilising a short for when your primary strategy is to collect the coupon rate and hold the bond, but by employing this strategy with Premier Oil you will restrict the upside potential of your equity when you convert.
Unless you close the short before a significant rise, suggesting for profit maximisation there is more yoyoing of the share price yet to happen, or the shorters have got it wrong.
Compare warren Buffet and his Bank of America Pref shares he converted. A short would have reduced his profit.
Happy to be proved wrong with an example, let's say shorts taken out at 70 pence, bonds convert at 300 pence.
Thanks
I'm surprised PMO is not much higher considering where crude is trading at these days!
Well I just topped up at 72p, purchases in recent weeks at 62, 66 and now 72p
New to this discussion, is today's pullback worth topping up your holding?
Looks like the covenants are still being hashed out at present and still may take time to resolve. Probably due to the quantity of lenders involved as I understand. However there should be a Trading & Operations Update on 17 November.
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