Enq 23 �pik Tog Discussion Threads

[my retirement fund] 23/11/2015 12:08

Some massive trades today

[badtime] 16/11/2015 12:55

So r u going to buy

[my retirement fund] 12/11/2015 12:14

It seems these are destined to fall more inline with the US bonds. One bonus here is that the risk is possible to gauge and quantify. The company have also been very good with guidance

[briggs1209] 11/11/2015 06:38

The US price has been stationary around the 40p mark for months. It put me off the bonds for quite some time, but the risk/reward looked reasonable

Here is the ISIN for the US bond US29357JAA43. HL quote a price but I can't find a chart of it. HL also quote it being available in blocks of 1000 - but this is wrong.

Hope that helps

[my retirement fund] 10/11/2015 22:52

hpcg, where are you getting a quote for the listing in USD, cant seem to find that?

[hpcg] 10/11/2015 21:58

briggs1209 - the US issue is for institutional holders and frankly they have a better appreciation of risk than we do. I'm quite happy for equity to stay over valued - we might need them to raise some cash!

[ed 123] 10/11/2015 15:14

You don't 'wanna' repeat that on the ENQ equity board. :-O

They're not 'gonna' like it.

[briggs1209] 10/11/2015 15:13

yield to maturity of 15.8%

A couple of big (for this bond) trades today though.

Anyone know why the US denominated ENQ bond trades so much lower than here? Obviously it only trades in lumps of 100000 but I would have thought bigger holders would have arb'ed the difference and narrowed the gap

[spittingbarrel] 10/11/2015 15:04

With bonds at this price equity should be close to worthless.

[my retirement fund] 10/11/2015 14:58

The acceptance poo may be lower for longer

[spittingbarrel] 10/11/2015 14:42

So oil is up, equity unchanged and bonds down 10%, anything I'm missing here?

[my retirement fund] 10/10/2015 13:55

Risk reward awful lot bettet here thoug.

[romantic rambo] 10/10/2015 13:24

11 percent you had the chance to buy the equity at. 27p
That seems good risk/reward

[11_percent] 09/10/2015 15:22

Just bought in here.

The bonds.

[romantic rambo] 17/9/2015 10:49

11 percent what are your thoughts on Rambos trading xxx
I think he's got it spot on because his buy in price is one of the lowest on here

[leesson] 16/9/2015 17:51

11percent if you would have bought right at the bottom you would be sitting on a very healthy profit
I bought £15000 of equity at 23p as I do follow the stock but I don't know anything about the bonds.im happy with my holding.
If you could enlighten me it would be greatly appreciated.
I have around 70000shares and have a stop in place
11percent did you not think about buying the equity when everyone was loosing their head.Did you have spare funds or did you not like the risk.
I admit if I had an average from last years share price I would not sleep to well at night but I am one of the fortunate ones who was in cash when the oil price crashed.Not a sole on earth predicted this crash and we could get to 70-80 in the blink of an eye.There are no oil exerts
How much have you got invested here 11percent?
Also what else do you follow
Thanks mate.
Leesson

[11_percent] 16/9/2015 06:35

MRF,

No.

[my retirement fund] 15/9/2015 23:16

Here is a sobering thought. If you imagine enquest needed to borrow some working capital for their cash flow tomorrow (which they obviously don't), and they had to pay 17% to do so over a 7 year term. Then upon having read all of the published accounts and stock market news releases (especially those in the last 12 months or so), you would agree such a rate would be total and utter madness in every context fathomable.

[leesson] 15/9/2015 16:12

Trying to find out about the bonds
Is the first debt repayment not due to 2017 and for how much is this
Thanks in advance

[hpcg] 15/9/2015 11:29

Bond investors should ignore equity investors because too many equity investors ignore the capital structure. The forward curve for Brent is insufficient to pay back the entire principal. The question is how far out is the forward curve reliable for, and what will spot be like when the bond ends - is there the possibility of an extension which would pay off the principal?

Of course this is much better value than the equity which is vastly over priced.

[briggs1209] 15/9/2015 09:16

top up at 57p, market will correct before ENQ bust

[11_percent] 15/9/2015 07:55

The boys on share BB do not see any risk.

I will go and radg themm up.

[cwa1] 15/9/2015 07:53

Big risk, needs to be big reward, 11_percent!

[briggs1209] 15/9/2015 07:47

Some got dumped at 55p so someone wants out. no news on equity which is holding up ok today.