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Tag Archives: delek nadlan
Seem that Tshuva is Going for a Haircut
It seems that Tshuva is going for a haircut or at leas postponement of debt payment, as has been published in the Israeli financial media. My previous point of view has been proven wrong and I am really sad for this, because the guy put in a lot of his money into the business and also sold and sold properties to try to return the debt. Oh well. I hope we both learned from the experience. P.D: my position on all Delek Nadlan securities was sold about two months ago because the future became uglier. P.D.2: this is my private … Continue reading
Delek Nadlan Bonds – Speculate on Tshuva’s Image
Delek Nadlan‘s short duration bonds are selling at a nice discount lately: Delek Nadlan B4 (DLKR.B4): yielding 19.02% (At least by themarker and globes, although bizportal gives it 9.04%… someday I will try to understand why), due 30/05/2012. Initial offering as 250 million shekels. Delek Nadlan C3 (DLKR.C3): yielding 19.75%, due 30/05/2011 (both in themarker and bizportal). Initial offering was 50 million shekels. With the current low yields in the general bond market, this seems like a strange opportunity. But why are these bond “cheap”? The answer to that is easy: the company is loosing money, has more debt than … Continue reading
