7Mo·
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19 Commentaires

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I wouldn't have believed the tie-dye wearers. 🤭

[I even still have a share of Allianz $ALV in my portfolio]
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@Ash I don't either😂 but there's probably a bitcoiner in every company who gets on the management's nerves😂
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@Ash I have also tried this at my company. A project to equip the company buildings with solar systems failed because the company could not feed the overproduced electricity into the grid according to the city (due to the high PV density in the area) because there was not enough capacity. So they left it alone.
Then I suggested that Bitcoin mining could be used to monetize the overproduced electricity - you can't imagine how stupid they all looked at me haben🤷‍♂️😂
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@stefan_21 Yes, I can actually imagine that very, very well. 😂

I've worked for one or two large corporations, and it's always fascinating to see how inflexible, sluggish and slow they are - let alone that they ever engage with innovation and technical progress.

Paper and pen were my best friends in the last store. At my current employer, I have had to print maybe 2-3 pages since I started in 2023 - and only because the recipient needed the original by post.
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At this point, all in $MSTR
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For donkeys: What are convertible bonds? I don't have the internet at the moment so I can't google it.
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@DonkeyInvestor Quasi bonds with an option. MSTR continuously issues convertible bonds at almost 0% yield (the last ones were actually 0%), with an option to buy MSTR stock in the future at a fixed price.
Investors then effectively buy a bond with 0% interest + a stock option.
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@stefan_21 Thought convertible bonds are bonds with a coupon that can be converted into shares on expiry?
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@meonmonday Exactly, they can, but do not have to be converted :)
So they have the option of converting the bonds into shares (at a fixed price).

For example, if you buy convertible bonds from MSTR for 100 million at 0% interest and the option to convert the bonds into shares at a price of 500€/each, it suddenly makes sense to buy the bond despite the low interest rates - assuming the share price increases.
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@stefan_21 and how much can Allianz buy the shares for in this case?
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@DonkeyInvestor It depends on exactly which convertible bonds you bought. MSTR issues them all the time. You probably won't be able to find out without a Bloomberg terminal. But if I pick it up somewhere, I'll tell you :)
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@DonkeyInvestor I don't know how many you get per bond, you'd probably have to work out, but the latest ones were probably at 2028 with a call option of around $680. So someone must be very bullish, because the bonds are going out at zero coupon, which is unique for convertible.
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How much € volume are we talking about here?

If it is $680 per share like the previous speaker with a call option ...
150,000 x 680 $ = 102 million $ ?
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@MoneyISnotREAL Exactly, right :) although the price per share is of course highly inaccurate - many of the convertible bonds had a fixed share price of more than $1,000.
But they also had slightly higher interest rates. It depends on exactly which convertible bonds Allianz bought here. Nevertheless, just under 25% of all convertible bonds is remarkable :)
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@stefan_21 Definitely. After Allianz, there will be a big jump downwards.

Thank you for the information. Helps me to get a feeling of how much volume we are talking about
(whether 70 million or 130 million is then no longer decisive 😅)
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I hope this is not their daily bread ;-) Count on the dividend
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How did you get access to the great terminal 😁
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@yeeter_ Not at all. The screenshot is from @petruschkii on X :)
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