We had expected consents to be more readily forthcoming. L&W Paris are locked in conference calls all day and despite best efforts, we - and even Lazard - have yet to hear back ...
The bonds are not in strong enough
Read MoreAside from the positive news, and the parallel message sent just ahead of this one, we have done some (possibly vain) research into
Read MoreCABB remains very exposed to volume variations in the agrichem sector, especially for “off contract” products. The Bayer profit warning, which is
Read MorePlease find a new Market Overview Sheet here.
We are considering starting work on new names including:
Read MoreAA Ireland, which was spun out of the AA Plc in 2016 for €157m, is reported in the Irish Press to have been sold to Further Global Capital Management for
Read MoreKME’s reported numbers may look decent at first sight, but the details on cash flows, working capital and inventory price variations
Read MoreWhile we are waiting for 8 Advisory, this is how we are thinking about the bonds:
On the size of the restructuring:
- With the bonds’ BV approx. 10x market cap, any
Read MoreWe see this trend as supportive for container shipping in general. In previous downturns, air cargo was the first to recover, as companies restocked on certain key items in the early stages of the demand bounce back. The fact that air cargo is
Read MoreFirstly, discussions with TowerBrook and Warburg Pincus are continuing, and they have achieved an extension from the Takeover Panel to announce a firm intention to
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