3D·

Turn Around Town

Well, what can I say.

$AT1 (-0.38%)

Dividenden (-0.38%) Trap.

Real estate share trap.

More money in the war chest as announced.

Looser shares out

Aroundtown has issued perpetual bonds for 750 million euros. The bonds carry a coupon of 5.125 percent, as the MDAX company also announced. The issue met with strong investor demand; the order book was almost four times oversubscribed. The real estate group intends to use the proceeds from the issue to refinance outstanding perpetual bonds.

30.01

Aroundtown

Sold x1000 at €2.703

€2,703.00

51.09%

1 Comment

Seventrader@7Trader

Too bad you're throwing. In my opinion, the timing is unfortunate. The worst is behind us.
Interest rates are falling, Aroundtown is buying back its own shares (!!!) and the balance sheet has been cleaned up. Selling now means having taken the losses of the crisis, but standing on the sidelines during the upswing. I'm staying on board - for me this is now a clear value bet with doubling potential as soon as the market realizes the easing.

•