chances of survival - and timg vs tim?, page-9

Hi Watford - I put the earlier maturity for TIMPB as a definite plus and one of the reasons I went initially with TIMPB. It represents a better chance to get in and out while TIM is still solvent (which I hope is a long time in any case). The main game for me with TIMPB was to capitalise on the mismatch between TIM and TIMPB pricing and scoop a few full franked dividends in the process. The shorter time to maturity helps that out.

TIM seems to have settled down a little after the drops last week. The pricing on TIMPB right now sort demonstrates the lack of liquidity - I guess another good reason to put the earlier maturity as a plus.

Their half year accounts ends at the end of the month. The interim report isn't due until mid may. I hope the release some news before then.