Quick news: WMF, Walmart, Praktiker

WMF

According to a Boersenzeitung article, for some reason WMF is considering exchanging the Pref shares into ordinary shares (full article can be found in the W:O Thread)

I do not really understand how Capvis could profit from an exchange, unless they already have bought a lot of Pref shares. Then it would be a good deal for them.

Interestingly, the Pref shares now more or less are back to the level of the regular shares.

Maybe time to sell on good news ? Q1 numbers seem to have been really good. For the time being: no action.

Walmart

Walmart issued unexpected positive Q1 numbers today. Here I will definitely ue the momentum and sell the shares at today’s VWAP.

For some reason I do not believe in the US recovery story, at least not for “physical” retailers. Even if Warren is still buying…..It was never a “high conviction” play anyway, although it made good money.

Praktiker

Praktiker seems to have found an U Hedgefund for its “secured” loan, US Hedgefund Acnhorage. Although it is too early to assess, the downside scenario for the bonds would now be of course more severe, however the proabality of a deafult is lower. No action yet.

2 comments

  • Good Morning MY,

    actually I see at the Moment a cap in the share price from over 3,5 € would this not be a chance to make an arbitrage deal?
    I already owne some of the prefer Shares.

    Greatings Opti

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