buy, page-16

Just read through their report.

Need to be a lawyer to understand it!

Good news - SG cant enforce repayment until 31 December
-NTA still significantly above SP (3x)
-The company actually makes money (before mark to market)
-Doesnt look like they are forced to sell any security before maturity (thus recouping face value vs market value)
- No mention about reducing distributions

Bad news - Still need to address their future - whats the plan?
- Investmenst in Centro and Mobius

Conclusion - High risk/high reward - the yield is 25%
-NTA is 3 x higher , if they held securities to maturity (big ask) the face value is 4.7x the sp
-if the return wasnt so jouicy I would fold but to mix metaphors - roll the dice!!