Management are exploring refinancing options in the near term and the company has hired Barclays and NatWest to do so, which
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Emeis only releases revenue numbers at Q1 and Q3, but in its press release this morning, the company confirmed 2025 guidance that the increase in
Read MoreThe VMO2 merger of its B2B business with Daisy Group will be a non-cash deal. VMO2 will have 70% of the combined B2B business, which implies
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Jose Elías and his consortium would have had €8.5m in rights but declined to participate. The Amodio brothers and Andreas Holzer have now
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The Q1 results were a little below our expectations, but that was due to the level of rent disposed being higher than our estimates. The lack of completed asset
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We shorted Antolin10 3/8s at 82 in March, but are now buying back the position at 70 as we are getting carried out. The bonds had reached the
Read MoreFitch downgraded Victoria Plc bonds to CCC+, reflecting the market view of a difficult refinancing task for the Company with its upcoming bonds. We reiterate our
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With less than two years to maturity, Transcom bonds still languish in the mid-70s. Today's Q1 results will do nothing to change that. The path to
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Fundamentally, the year is off to a good start. Intrum have brought cost under control and the service segment is growing, making up
Read MoreSelling at 98 felt great, but the bonds are now at 105. Apparently, the change in CEO to Jean-François Fallacher was a condition for the
Read MoreAllan Leighton has decided not to wear the Chief Customer Officer hat, and ASDA has appointed Rachel Eyre from Morrisons. Eyre has the
Read MoreThe Amodio brothers are unwilling to make any concessions to Jose Elías (and the rest of his consortium) over governance. If the Jose Elías
Read MoreFollowing last week’s announcement of its agreement with the RCF lenders, Lowell have begun the execution process with a consent solicitation to
Read MorePHLA's 5-year strategic plan is evolutionary rather than revolutionary, but it still could create problems in the longer term. The plan anticipates growth in
Read MoreWhen equity has fallen so significantly, paying more cash becomes inevitable to attract the best senior executives and
Read MoreThe company has a new CEO in Jean-François Fallacher, who is coming from Orange, France. He has had
Heimstaden Bostad continues to see strong momentum in its occupancy and rental growth, resulting in a 1% increase in property values. LTM Ne
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