Hi JR, fair enough, are you able to ressurect the link about that presentation? Didn't pay too much attention to the surround context, as in, is it akin to a marketing presentation or the like, in which case it is to do with the day to day running of the company and no RNS would be required.
.......and the below about bond issue is only relevant if it transpires that sequa are the definite potential farminees
What is JB63 on about, bombarding them with emails, cant imagine that is going to speed the process up. As Godot says, they cant give out pertinent info other than by RNS. We have seen some 'potentially' tangible progress and things always take time to develop. What i would like to know is whether the sequa bond issue was successful
Sharemate on the basis of what's on the company website, the link you showed with JPM having recently sold a bundle is wrong. The company website says they hold 3.91%, the same figure as written on the last rns about them which was last July
Thanks Sharemate, seems strange the last RNS about JPM holding last July said they held 3.91%, does anyone know why there wouldn't have been an rns about their further disposal?
and HSBC for that matter and Henderson increase for that matter
Sharemate where are the RNS's about JPM recent reduction in interest?
It is Sequa issuing the bonds not PVR. It is just a form of tradeable debt, the yield increases and decreases dependent on the value attributed to it. Unsecured is just like a loan that is unsecured i.e. no fixed or floating charge for non repayment. If the deal is not still on the table PVR would have had to make an announcement. Does anyone know hwo the bond issue is progressing?
Fencer, like Jimmy you are speculating and i emphasise 'speculating' that a poor deal will be done. That has been a common theme in Jimmys emails. Everyone is entitled to their own opinion and can chose with whom they reach consensus ad idem. I dont like to repeat myself so wont elaborate in defending any of my comments, i do however stand by them all. I will however reiterate that if the deal is off the table then an announcement is due, i haven't heard anything. Whether it is a good deal or a bad deal, you may be proven to be correct but all i am saying is that no-one could know other than those who are party to the deal. I think from memory the loan is secured by a floating charge.........which assets do you think they would go after should PVR default on repayment...............again this would be speculation. Good luck to you!
If a deal is announced (everything seems to point that way), he is going to look incredibly silly and will owe a few apologies haha ......not to mention lose a fortune if he is short on this.....would be gutting to have to pay £5 upwards with only 70p proceeds from the initial sale