最有價值收息股研究所 @ 17

如果冇嘢好收購，帳面上20幾億美金，可唔可以支持股息增長呢

要睇吓佢放水到幾多先有起色

等穿65再收集

但有趣係perp價升返
如果係正如報導所講個價唔夠吸引而收唔夠subscription，市場應該預個新rate更高至係

咁講，而家有3.875個張係手
都應該都會玩埋張10%
有幾多人買，得glp知
佢分分鐘是但作個理由出黎停左佢算

我都咁諗
如果10.375都唔夠數
玩多次咪15%？

pypl慢慢成長
又肯點購
可以渣多陣

google

glp

Still, the return failed to attract enough investors, highlighting persistent worries about the company’s liquidity.

Following market reception from GLP’s financial results and deal roadshow, the company had intended to test the market to assess if there was a window to partially redeem a bond maturing June 2025, GLP told Bloomberg News on Tuesday.

Investor demand is weak this month due to the volatility seen in US Treasury yields and buyers are requiring a higher risk premium for the sector in which GLP operates, said Daniel Tan, a Singapore-based portfolio manager at Grasshopper Asset Management.

Considering the proceeds from a recent asset transaction and liquidity on hand, GLP has “sufficient resources to address business needs and debt maturities,” the company added.

GLP’s outstanding dollar notes are now trading at bid yields to maturity of 8.8% to 12.7%, indicating limited imminent default risk, but its willingness to pay a high coupon when it is expected to close a key asset sale may continue to raise concerns over its liquidity situation, according to analysts, including Bloomberg Intelligence’s Andrew Chan.

張新債有無機會係
一段時間之前（半年？）既計劃
係glp想試水位同風聲
可能根本一開始就無諗住實行

梗係唔係啦，就算佢話試水溫都肯定係 withdraw offer 後既藉口黎

佢根本打從一開始就錯估左自己能力，以為可以發行 8% 左右既 3.5yrs bond
用黎 buy time 話比中國資產既買家聽，我依家皇帝女唔憂嫁，唔洗旨意我會平賣
點知人地 offer yield 去到 10.375%，需求不足壓唔低個 yield 失晒預算
佢本身唔需要發債，無理由頂硬上照發 10.375 將個 Interest coverage 壓低，於是咪 withdraw 當無事發生
再諗個藉口話 “玩下姐，試下水溫“

本身佢乜都唔搞就大家唔會知佢實際短債 demand如何
依家開左個 Pandora box就全世界都知原來佢 demand 唔夠 （不論價格是否合理）
佢依家自己推高左自己短債 yield 同融資成本

我淨係講銀行，依家都估計約見緊佢地問到底咩事發行取消
Call loan 就唔會既，但相信緊手既銀行就會考慮 restrict 自己GLP exposure
有可能會禁止再批新bank loan 比GLP
如果真係有銀行咁做，佢就捉蟲入屎忽
無得再借 bank loan還usd bond
呢個情景唔一定會發生，但係一個風險

另一個風險就係，如果10.375 呢口價比銀行當初 model 為高既話
銀行有可能調整 bank loan terms 去加息

我都諗緊bank loan個問題
真心個5億對於佢黎講應該完全唔困難
我本身都唔明佢執著個5億做乜撚
都估佢係想比中國資產買家壓力
但估唔到佢咁on9
搵媒都搵人圍左佢啦
不過我都係覺得
由頭到尾佢都無諗住真係發債
至少無可能係10.375
但又真係由佢把口講出黎

真係好柒
好奇10.375%呢口yield點黎?
如果本來諗住8%借到錢點解會突然彈左10.375出黎?

真
仲要出埋guidance
應該係由佢自己把口講？
定係內部溝通有問題
做完就射左出去無人跟無人review
有條on9仔最後仲射埋出去

https://www.fsmone.com.hk/article/article-details/307601

FSM出新文講GLP

7.2 -7.8% set up
即係5yr ust 3.5左近
咁高
不過差緊d野
無講幾時公開處決出新債個team人

原來assumption
4.6應該更加無可能咁高啦

H78

佢堆野塞入reits應該相對易sell

smci
美股9982

置地 3.0

呢個應該好快就可以整到隻港版C38U or 加強版2778

nwd d prep仲買唔買得過

今季睇MSFT 數要小心，佢將部份 Intelligent cloud, Personal computing 既 revenue 撥左入Productivity & business process

所以今季既數你唔可以直接同以前既比較