Good news - SG cant enforce repayment until 31 December -NTA still significantly above SP (3x) -The company actually makes money (before mark to market) -Doesnt look like they are forced to sell any security before maturity (thus recouping face value vs market value) - No mention about reducing distributions
Bad news - Still need to address their future - whats the plan? - Investmenst in Centro and Mobius
Conclusion - High risk/high reward - the yield is 25% -NTA is 3 x higher , if they held securities to maturity (big ask) the face value is 4.7x the sp -if the return wasnt so jouicy I would fold but to mix metaphors - roll the dice!!
AXQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
