jrxs4all schreef op 13 juli 2015 15:04:
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Ik heb Volta zelfs al iets meer dan 5 jaar, kun je nagaan:
www.iex.nl/Forum/Topic/1235609/Koffie...aankoop rond de 1,60 en intussen een paar euro dividend ontvangen, ja ik hoop maar dat dat ooit goed komt :))
Carador staat zonder valuta effect trouwens ook op een comfortabele winst en over 2015 zelfs zeer comfortabel. Dat dollar toetje komt er dan nog bij. Ik heb overigens het valutarisico wel afgedekt, alleen niet met futures maar met opties. Of dat slim is moet uiterlijk eind 2015 (expiratie) blijken.
Wat het lelijke CCC eendje betreft, dat is een leuk verhaaltje maar nu even terug naar de feiten. Want op die feiten baseer ik mijn beslissingen.
Er is nog nooit een AAA of zelfs AA CLO tranche default geweest en ook bij de speculatieve tranches zijn de default rates erg laag:
"S&P: CLOs show strong historic performance with few defaults
The CLO asset class has performed strongly, according to a recent report from S&P (“Twenty Years Strong: A Look Back At U.S. CLO Ratings Performance From 1994 Through 2013”), with few negative rating actions on senior notes due to underlying collateral deterioration, few defaults, and minimal loss rates since the agency started rating the asset class in the mid-1990s.
The data show that very few rated CLO 1.0 tranches have defaulted despite these CLOs weathering at least one recession (and in some cases two). The agency believes the data show that CLOs are a robust platform that has been able to withstand significant levels of economic stress, and one that should continue to demonstrate a positive performance, provided that the leveraged loan default rate remains low.
Looking at the default statistics, of the over 6,100 ratings issued by S&P on over 1,100 U.S. CLO transactions, only 25 tranches have defaulted and had their rating lowered to D as a result. Based on this, S&P calculated a 0.41% default rate, or just over four tranches for every 1,000 it has rated.
....
Analysis of the full universe of rated CLOs shows that at year-end 2013 only eight investment-grade CLO tranches (or 0.15% of the notes originally rated BBB- or higher) have defaulted, while 17 speculative-grade CLO tranches (or 1.78% of the notes originally rated BB+ or lower) have defaulted. This compares very favorably with the percentage of rated speculative corporate loans that have defaulted.
Notably, no tranches originally rated AAA or AA experienced a loss. For the limited number of tranches that experienced a default, S&P observed losses averaging in the mid-40% area for tranches originally rated investment-grade, and the mid-50% area for tranches originally rated below investment-grade."
www.leveragedloan.com/sp-report-clos-...