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ERO1 bonds

Gilts, bonds, and interest-bearing shares
gnawsome
Lemon Slice
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ERO1 bonds

#591031

Postby gnawsome » May 24th, 2023, 3:12 pm

And...
we get some income. Very welcome.
But what do we do now?
Something in the old befuddled brain suggests we are being shepherded towards the exit. That makes me feel contrary.
Does anyone have a feel about how the last few spins should be played?

purpleshaman
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Re: ERO1 bonds

#597038

Postby purpleshaman » June 22nd, 2023, 9:23 am

The latest RNS suggests Eros is selling their film library in a corporate restructuring. They have already sold their music library.

A bondholders action group is being organised to protect bondholder interests - please see the more detailed discussion on hxxps://discord.gg/TC3Ytgf5MX. (change the xx to tt)

purpleshaman
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Re: ERO1 bonds

#601788

Postby purpleshaman » July 12th, 2023, 9:35 pm

Another astonishing RNS on Monday about the bond repurchase. Plus one from Xfinite yesterday saying they acquired ErosNow at the end of last month: lse.co.uk/rns/xfinite-acquires-eros-now-fvupmjtb846isks.html.

On the plus side, a group representing over 24% of bondholders has come together via the discord chat group (link in a previous post) and some hard work by 365 Investment Management (365IM.co.uk). This meets the threshold to instruct the trustees to protect bondholders interests in events such as potential default. If any bondholders have not already done so, I'd urge you to check out the discord message board and/or get in touch with Alex from 365IM. We'd like as many bondholders as possible in the group. 365 have also been sending out regular email updates on their communication with the trustees (beyond what is in the chat group - as an authorised firm, they are limited in the use of chat boards...)


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