Bloomberg reported the ongoing struggles of Noble Group to cope with its Debt burden of c. $3bn, in the near term, quoting Southey Capital on our view of Noble to manage asset sales and short term cashflow.
In Tradewinds most recent update on Rickmers Maritime, Southey Capital was quoted in relation to the restructuring of the Trust's bonds in Singapore and Germany and recent trading prices.
2017 02 - Hanjin Shipping
In Tradewinds most recent update on Hanjin shipping we re-interated that a liquidation of the Hanjin would most likely see no change in the secondary market price of claims.
Tradewinds quoted Southey Capital in regards to our recovery estimates to creditors of Hanjin Shipping, potential creditors only have a limited amount of time to file a claim, but recovories could be low.
EEA Fund Mangement, the fund group behind EEA Life Settlements Fund, has published an updated Q&A. Southey Capital is making a market in the shares of the company on behalf of clients.
Share holders received this week good news in the form of a buy-back letter. If the motion is carried at the next AGM, towards the end of June, then shareholders will receive a distribution based on 80% of their holdings.
Southey Capital has expanded its regulatory footprint by being granted Passport status in major EU countries including Germany, Austria, Netherlands, France, Italy and Luxembourg, to name but a few.
Southey Capital founder Robert Southey provided commentary for this article regarding the plight of investors in EEA Life Settlements, a "Zombie Fund" that has been delisted since an investigation by the FCA
Southey Capital founder, Robert SOuthey was quoted by City Wire, Money. In the article by Jon Yarker, the firm presented the first indicative prices publicly available for the secondary market.