I've been lookingat somewhere to park cash until March/April 2024 and looked at these, which had been off my radar since Covid times when, if I recall correctly, there was some concern about how this was affecting their business (private education)
The current purchase price of these (with HL) is 97.3523 pence, which, assuming I've done the sums correctly, gives a YTM of about 10.5%
In the interim report at the end of February 2023 it was stated:
"The refinancing of the retail bonds and DDBs is well underway, with support from advisors. The Group
has received written confirmation from a third party lender with support from its investment committee that
the lender is highly confident in its ability to provide the Group with sufficient debt funding. The Group’s
advisors continue to be confident that the refinancing can be executed in an orderly manner sufficiently
ahead of the redemption date for the retail bonds of 31 March 2024."
I doubt if I would re-invest in any new bonds as at present I have other uses for the proceeds, but I thought I'd insert the above for general info
Woz
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Rhyd6,eyeball08,Wondergirly,bofh,johnstevens77, for Donating to support the site
Alpha Plus Holdings plc (ALP2) 5% Bonds Due 31/3/2024
-
- 2 Lemon pips
- Posts: 124
- Joined: November 5th, 2016, 4:11 pm
- Has thanked: 21 times
- Been thanked: 44 times
-
- Lemon Slice
- Posts: 344
- Joined: June 12th, 2018, 9:27 pm
- Has thanked: 89 times
- Been thanked: 127 times
Re: Alpha Plus Holdings plc (ALP2) 5% Bonds Due 31/3/2024
Is one the keys things about Alpha it's property portfolio? I haven't thought about them recently, although I do have a very small holding in the 24's.
If there is another issue I doubt I'll be bothering.
If there is another issue I doubt I'll be bothering.
-
- 2 Lemon pips
- Posts: 124
- Joined: November 5th, 2016, 4:11 pm
- Has thanked: 21 times
- Been thanked: 44 times
Re: Alpha Plus Holdings plc (ALP2) 5% Bonds Due 31/3/2024
Well ....that was fun
I bought a few of these 2 days ago, today is settlement day, and this morning this was published
https://www.londonstockexchange.com/new ... g/16163957
They are buying them back at par on 13 November 2023
I bought a few of these 2 days ago, today is settlement day, and this morning this was published
https://www.londonstockexchange.com/new ... g/16163957
They are buying them back at par on 13 November 2023
-
- Lemon Quarter
- Posts: 3490
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3873 times
- Been thanked: 1421 times
Re: Alpha Plus Holdings plc (ALP2) 5% Bonds Due 31/3/2024
Wozzitworthit wrote:Well ....that was fun
I bought a few of these 2 days ago, today is settlement day, and this morning this was published
https://www.londonstockexchange.com/new ... g/16163957
They are buying them back at par on 13 November 2023
Any idea when our accounts will be credited?
It's quite a good time to be buying F.I. so rather annoying when nothing happens.
Steve
-
- Lemon Quarter
- Posts: 3490
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3873 times
- Been thanked: 1421 times
Re: Alpha Plus Holdings plc (ALP2) 5% Bonds Due 31/3/2024
stevensfo wrote:Wozzitworthit wrote:Well ....that was fun
I bought a few of these 2 days ago, today is settlement day, and this morning this was published
https://www.londonstockexchange.com/new ... g/16163957
They are buying them back at par on 13 November 2023
Any idea when our accounts will be credited?
It's quite a good time to be buying F.I. so rather annoying when nothing happens.
Steve
Yep, today it happened!
Steve
Who is online
Users browsing this forum: No registered users and 30 guests