Plenty on offer at $1.065 for anyone who agrees with my point of view. I welcome anyone else's attempt to value these convertible bonds, (please supply a link to the valuation methodology / tool you are using).
Plenty on offer at $1.065 for anyone who agrees with my point of view. I welcome anyone else's attempt to value these convertible bonds, (please supply a link to the valuation methodology / tool you are using).
Looks like someone else with deep pockets has seen the light. Gosh I went away for lunch to chew over how many more I could squeeze into my portfolio and boom, they're all gone !
Suppose I should be pleased I have close to my targeted ideal allocation...glass 80% full and all that sort of philosophical stuff...
Nice to see this on a run but I would caution that I believe (you can believe different if you want :p) that it is way above any reasonable valuation (ie mine :) [$3.22 now, $3.55 in a year]).
Best Wishes
Paper Tiger
Disc: do not take the post title too seriously.
I like TNR.
They say they are going to do something,and they do it.!Simple.
Only a couple of months they talked about Secuitisation,[think it was when they announced the MTF non-recourse loans,on 15/11/2016.]
So yesterday's announcement came as no surprise;"Turners announce establishment of securitisation programme."
Strengthening the management team with existing staff, I also take as a positive.