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TMA

1.228 Posts
Pagina: «« 1 ... 46 47 48 49 50 ... 62 »» | Laatste | Omlaag ↓
  1. [verwijderd] 1 april 2008 07:58
    Anders ik wel. Ik ga nu lekker pitten en zet de wekker wel heheehe

    FF van yahoo geplukt:

    Some math and a few facts 40 minutes ago A few facts:

    -A potential bankruptcy was priced in

    Yesterday's Price = Probability {BK} * Price_BK + Prob{Survival} * Price_Survival

    Now that BK is not an issue the stock price will "strictly" go up

    -The book value for TMA is around $25. The reason it was trading much bellow that was the uncertainly regarding the future of this company. Now that's not the case anymore; No margin call for 1y.

    -Everyone already knew about the dilution and its extent. So no news there. that's a TMA at $1.5. The material news component is the avoidance of BK.

    -Dilution was a problem when it dropped from 12 to 1.5. At 1.5 dilution has no material effect anymore. The surprise factor was BK, which we will be pricing "out" tomorrow!

    Shorts, sorry the game is over.

    Recommendation: cover in PR.

    Sentiment: Strong Cover!
  2. [verwijderd] 1 april 2008 08:44
    quote:

    bassie1971 schreef:

    Durf hoe kan jij nu al een boekie hebben voor de opening?
    Bid Ask
    1.22 1.23
    Bid hvh Ask hvh
    12100 2000
    Mischien dat ik inderdaad nu nog te vroeg ben,maar gisteren rond een uur of 10 begonnen er al orders geplaatst te worden,wie dat dan al kan weet ik ook niet,laten we nog een paar uur wachten en het beste hopen dan.
  3. [verwijderd] 1 april 2008 10:53
    Thornburg Mortgage, Inc Thornburg Mortgage Raises $1.35 Billion Through Private Placement of Senior Subordinated Secured Notes and Warrants
    - The company has received $1.15 billion of the proceeds from the offering. The remaining $200 million of the offering proceeds is being held in escrow and will be delivered to the company upon the successful completion of a tender offer for its preferred stock, as described below.
    - The company's senior subordinated secured notes, which are scheduled to mature on March 31, 2015, have an annual interest rate of 18%, which will be adjusted to 12% upon shareholder approval of an increase in the number of authorized shares of capital stock that the company may issue to 4 billion shares and the successful completion of a tender offer for its preferred stock
    - Each purchaser of these notes also received initial detachable warrants to purchase shares of common stock, which are exercisable at a price of $0.01 per share. These warrants, in the aggregate, will be equal to approximately 39.6% of the currently outstanding fully diluted shares of the company after giving effect to all anti-dilution adjustments under all existing instruments and agreements.
    In addition, the company and the investors in the new notes have entered into a 7-year Principal Participation Agreement whereby the investors have paid the company $100 million and, in return, the investors will receive monthly payments in the amount of the principal payments received on the company's portfolio of mortgage securities and other assets constituting collateral under the Override Agreement described below, after deducting amounts due under the financing agreements that relate to such assets. Investors will be entitled to receive these payments from the March 16, 2009 expiration date of the Override agreement through March 31, 2015, the maturity date of the Principal Participation Agreement; Additionally, the company will be conducting a tender offer for at least 90% of its outstanding preferred stock at a price of $5 per $25 of liquidation value, plus, upon shareholder approval of additional authorized shares, warrants to purchase an aggregate of 5% of the company's common stock outstanding on a fully diluted basis (reducing the private placement investors' interest to 85%), or, if shareholder approval is not obtained, alternative consideration.
    - Upon completion of all of the transactions referenced above, common shareholders will hold approximately 5.5% of common stock on a fully diluted basis.
    - The proceeds of this private placement will be used to satisfy the outstanding margin calls owed to the reverse repurchase agreement counterparties, a key contingency of the Override Agreement, as amended, that the company originally announced on March 19, 2008.
    - (reminder from 3/25) TMA: Proposes up to $1.35B private placement of Senior Subordinated Secured Notes, due 2015; suspends dividend on preferred stock; The deal includes an interest rate of 18%, adjusted to 12% upon the satisfaction by the company of certain conditions.
  4. [verwijderd] 1 april 2008 11:29
    quote:

    rac69 schreef:

    [quote=Mr.share]
    [quote=rac69]
    kunnen we de zondag niet voor een keer over slaan ;-[p
    [/quote]

    We schieten vanacht wel 1 uur naar voren in de tijd. Mischien dat dat helpt ;o)
    [/quote]

    hahahah klopt had ik niet meer aangedacht...weer 1 uur dichter bij de waarheid.
    ik verwacht een klapper maandag...$7 zit er volgens mij wel in....

    proost
    jullie vinden het vast niet erg dat ik er een dag naast zat..

    tralalalalaa
  5. [verwijderd] 1 april 2008 11:46
    quote:

    rac69 schreef:

    [quote=rac69]
    [quote=Mr.share]
    [quote=rac69]
    kunnen we de zondag niet voor een keer over slaan ;-[p
    [/quote]

    We schieten vanacht wel 1 uur naar voren in de tijd. Mischien dat dat helpt ;o)
    [/quote]

    hahahah klopt had ik niet meer aangedacht...weer 1 uur dichter bij de waarheid.
    ik verwacht een klapper maandag...$7 zit er volgens mij wel in....

    proost
    [/quote]

    jullie vinden het vast niet erg dat ik er een dag naast zat..

    tralalalalaa
    Nee hoor,alleen jammer dat ik inderdaad verkocht had aan 1,36 (had er 22k totaal)....gelukkig nog 4500 teruggekocht aan 1,21,maar die 7 dollar geloof ik echt niet in hoor,eerst maar eens kijken of we door de 2$ kunnen gaan straks .
1.228 Posts
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