So Macquarie reckon resumption of trading at 55p
Short sport after the take over of eon assets
The retail bond (PMO1) has gone crazy this morning, fell from 84p as low as 73p, before recovering a bit. The annual coupon cost of £150m at 5% is only £7.5m and with Premier's cashflows, I cant see them having to default on it. Even at 78p latest, the YTM (2020) is over 10%. Good opportunity for buy and hold or short-term recovery in my view.
20% up for me, and I only bought a week ago. Trying to resist selling... Are there any actual sources on a potential buyout or is it just speculation based on the BG group buyout last week?
had a nice little run will pause for breath now
Worth picking up the retail bond at these levels- just bought at 80.6, yielding 9% to maturity in 2020. Ticker PMO1.
No need to rush to buy in...PMO still has 25% of downside!!
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