THEOLIA, as indicated during its General Meeting on June 1, 2010, enters the last stage of its financial restructuring by launching a capital increase for an amount of up to 60,463,059 euros through a rights offering The primary
purpose of this capital increase is to allow THEOLIA to reinforce its equity capital in the context of the restructuring of its convertible bond (OCEANE).
Télécharger le document : Thaler’s Corner du 23-06-10
As growing unemployment rate in Europe is still weighting on office demand, we have, to say the least, no conviction at all regarding the sector. Actually, the trend of occupancy rate is still down hampering REIT’s pricing power.
Nevertheless, as economy is picking up it may make sense for some investors not to wait for all the green lights. Should you be exposed, we would advise to switch fom Unibail to Gecina. The yield gap for the two convertible bonds is 5.55% ! A number unjustified by the delta difference and the annualized premium (4.7% for Unibail and 5.6 % for Gecina).
Télécharger le document : Thaler’s Corner du 21-06-10
Télécharger le document : Thaler’s Corner du 18-06-10
Télécharger le document : Thaler’s Corner du 17-06-10
Télécharger le document : Thaler’s Corner du 15-06-10
Télécharger le document : Thaler’s Corner du 14-06-10
Télécharger le document : Thaler’s Corner du 10-06-10
Télécharger le document : Thaler’s Corner du 09-06-10
