Mixed signals from bonds?
I have WIA020 bonds and they are still at the same price as at the beginning of the month. I also have IFT240 bonds and their price has dropped by about -8% (or -6.5% net after the interest payment.
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Well, this is what I am seeing:Attachment 11172
Interest rate now up to 6.3%, which means that somebody is desperate to sell. If you are really keen to sell a bond, you need to reduce its purchase price, which increases the interest rate the buyer gets. I know, it requires a bit of rethinking from buying shares. Shares are quoted in sell (or purchase-) price, while bonds are quoted in resulting interest rate.
Agree - volume is not that high (but not that low, either). Bond markets in NZ are in general not that liquid - i.e. read out of that what you want.
I saw 45% on your earlier post here
https://www.sharetrader.co.nz/attach...chmentid=11168
With no explanation what that was about.How would a reader interpret that?
And 6.3% on your latest post here
https://www.sharetrader.co.nz/attach...2&d=1585437757
I read that as a totally different story
From the 2019 Interim report
“A second key risk comes from the structure of the balance sheet. The big learning from the Global Financial Crisis (GFC) was the need to focus not so much on interest rate risk as liquidity risk, especially the ability to refinance debt when times get hard. A lot of Board time focuses on liquidity risk, the liquidity profile, and the ability to withstand a GFC-type even”
An announcement from IFT due tomorrow.
Yesterday's 'Telcowatch' report for Q1 March 2020 shows For all three months in Q1 2020, both Skinny and Vodafone saw an increase in market share compared to the Q4 2019 quarter.While both 2degrees and Spark saw a decrease in their year-on-year market share growth in Q1 2020. However; Vodafone's market share growth has slowed markedly.
looks like they are taking a hit. lower dividend and lower guidance . a majority of there portfolio is going to be impacted by covid going forward
Expecting Wellington Airport to be running at 66% of previous levels by next April and 85% in April 2022. Most of their businesses impacted in some way - lower electricity use, less roaming income for Vodafone, retirement home resales expected to be impacted. CDC not so bad and Tilt have most of their revenue locked in and are throwing $169 million back to IFT by capital return.
Headwinds, but 30% down in 2 months and traded as much as ~45% down. I'd have thought they'd be fairly resilient compared to a lot of other companies.