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Jonathan Rochford

Virgin is Better Off Going Through Insolvency

April 16, 2020 by Jonathan Rochford

Virgin Insolvency

Without going into insolvency soon, Virgin Australia risks going the way of Ansett and being sold off for scrap.

Filed Under: Australia Tagged With: Virgin Australia, Virgin Insolvency

A Chance to Reset in Debt

April 11, 2020 by Jonathan Rochford

A Chance To Reset In Debt

For those that seek out the illiquidity premium, this is a rare opportunity to increase your prospective return whilst decreasing the risk of long-term capital loss.

Filed Under: Debt Tagged With: Reset Debt

A Green Light for Corporate Theft

March 28, 2020 by Jonathan Rochford

Green Light for Corporate Theft

The changes to insolvency protections will allow the weakest business to accrue liabilities and inflict greater losses on their employees and suppliers.

Filed Under: Government Tagged With: Insolvency Protections

Central Banks Spawned this Crisis

March 21, 2020 by Jonathan Rochford

Central Banks Spawned This Crisis

From 2012-2019 central banks should have been unwinding stimulus, but instead they increased it and created a bubble in financial markets and the economy.

Filed Under: Banks Tagged With: Central Banks, Crisis

More Write-downs and Forced Sales are Likely

March 14, 2020 by Jonathan Rochford

Writedowns & Forced Sales

As asset valuations are gradually updated, more forced sales and fund lock-ups are likely.

Filed Under: Economics Tagged With: Forced Sales, Write-downs

A Virtue Signalling Rate Cut

March 4, 2020 by Jonathan Rochford

Virtue Signalling Rate Cut

The RBA’s decision to cut rates on March 4th seems more about appearances than cold economic logic.

Filed Under: Banks Tagged With: Rate Cut

Investors are Chasing “Bargains” in Turnarounds and Cyclicals

February 25, 2020 by Jonathan Rochford

turnarounds and cyclicals

In the search for an apparent bargain, turnaround stories and cyclical companies are attracting far more capital and attention than they otherwise would.

Filed Under: Money Tagged With: Ciclical Companies, Turnaround stories

Credit Snapshots – January 2020

January 28, 2020 by Jonathan Rochford

Credit Snapshots -January 202

Bite size updates on soaring global debt levels, anecdotes of yield chasing and the LIC/LIT fee battle.

Filed Under: Credit Tagged With: Credit Snapshots

Credit Snapshots – December 2019

December 28, 2019 by Jonathan Rochford

Credit Snapshots -January 202

Bite size updates on Paul Volcker’s legacy, European banks and UK fund lock ups.

Filed Under: Credit Tagged With: Credit Snapshots

Credit Snapshots – November 2019

November 27, 2019 by Jonathan Rochford

Bite size updates on emerging market debt, US auto loans and Virgin Australia’s very junky debt raising.

Filed Under: Credit Tagged With: Credit Snapshots

Credit Snapshots – October 2019

October 31, 2019 by Jonathan Rochford

Bite size updates on leveraged loans, Greece’s non-performing loan securitisation and India’s bad debts.

Filed Under: Credit Tagged With: Credit Snapshots

There’s No Good Case for October’s Rate Cut

October 2, 2019 by Jonathan Rochford

The RBA cut the Cash Rate on October 1st, but it has again failed to put forward a decent argument for why another cut is required.

Filed Under: Banks Tagged With: Rate Cut

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