Published today in the Financial Realty Quarterly Review of this paragraph in the notes '5. Events after the reporting date of 31 July 2010 'on page 40 is quite interesting:
Since 10 August 2010 by the IMMOFINANZ repurchased convertible bonds. The nominal value amounted to 22 September 2010 EUR 50.8 million
If you consider that the prices of the 2014er and 2017er bond - both of which can be terminated in 2012 ahead of the bondholders - well dip below the redemption price, here is a substantial exceptional profit was earned. This could be 50.8 million euros nominal bonds repurchased in order of magnitude of about 5 Million euros.
The exact value will be the company's Quarterly Report as of 10/31/2010 known, to be published on 20.12.2010.
© 2010 The speculator
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