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Sep 20, 2017
FY17 represented a year of consolidation as the company worked on its diversification strategy and expansion into new markets. In our opinion, the 7.40% June 2020 secured bonds offer good value at mid price of $103.6 and YTW of 5.81%. Furthermore, we believe that these bonds provide portfolio diversity as litigation funding is relatively uncorrelated to general economic conditions
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Sep 20, 2017
FY17 represented a year of consolidation as the company worked on its diversification strategy and expansion into new markets. In our opinion, the 7.40% June 2020 secured bonds offer good value at mid price of $103.6 and YTW of 5.81%. Furthermore, we believe that these bonds provide portfolio diversity as litigation funding is relatively uncorrelated to general economic conditions
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Sep 20, 2017
While in a declining industry, PMP’s continues to participate in industry consolidation to improve its position. It has a conservative financial policy which seeks to maintain minimal net debt. The group generates solid free cashflow and expects to be net debt free by FY19
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Sep 20, 2017
Improved liquidity and underlying business quality has led to better credit metrics, with just over a year to run, we believe this bond offers good relative value compared to its peers
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Sep 15, 2017
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Sep 07, 2017
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Aug 08, 2017
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Aug 01, 2017
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Jul 11, 2017
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Jun 28, 2017
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Jun 28, 2017
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Jun 27, 2017
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Jun 21, 2017
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Jun 13, 2017
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Jun 06, 2017
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Jun 01, 2017
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May 31, 2017
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May 12, 2017
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May 09, 2017
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May 02, 2017
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