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This is not my territory but: The price reflects the value of the bond and the current and future income from it So the bond price does include the current accrued interim coupon. By definition as each period passes the value should get nearer to 100 - because the future income is getting less...

I have checked this out - the 107 price will include the accrued interest so it is not the Bond price plus £6000

The price will only fall if they holders feel at risk with the asset and not being repaid at 100.00. But unless WASPS planning to sell the Arena for £34m+ they must be relying on a re-issue backed by good results ( and the ability to pay ) The other factor is interest rates - if they bought at...

Time/Date Price Volume Trade value 14:25:56 107.30 45,200 48,499.60

If anything I would say this is a good reason for ccfc not to be tied in long term, keep the uncertainty going and not give wasps security. I doubt they will give us ang better deal long term as they would short term. Worroed about your bonds are you? ;) Well 45200 were traded today by someone;)

Christmas looms :(

So it is in his book?

Sure you mean WASPS need to do a long term deal with CCFC? Who hold the biggest financial risks - Bond holders or SISU?

Is it in his book?

Nope: the first such valuation date to be no later than 30 June 2016.

Simon is wrong - the extract is from the prospectus the first such valuation date to be no later than 30 June 2016.

Wasn't Ricoh deal £9m ? JLR would not match that with or without CCFC

Dropped 4 points last week ?

The valuation of the Arena given by Strutt & Parker for the long leasehold interest as at 23 April 2015 is £48,500,000. This is significantly higher than the valuation in the audited accounts of ACL (see Section 15 (Financial Statements – Annual report and accounts of Arena Coventry Limited for...

Not necessarily so - they can only base it on what the Directors provide at the time. 12 months later and looking forward from there may be totally different

Also in Principal Risks: Strategic Report for the Year Ended 30 June 2016 Valuation of Arena materially lower than revaluation Impact: Asset cover reduced for Bondholders. Mitigation: Use professional valuation companies to provide accurate valuation on a regular basis. Long term contracts and...

Singers F.C If you are being pedantic

Will we have to register our questions for approval beforehand?

Will the SBT publish what TF wanted to say but they did not like at the pre meeting?

That could happen anyway if some loonie comes with the intention of kicking off - regardless of what any pre meeting agreement. That is a general security issue which should be considered at any meeting