TNTLOG TL 1L USD, TNTLOG 7 03/01/2021 (Update)

CEVA Group PLC

Credit, Industrial/Transportation


Presented:01/18/2017
Price:N/A
Cap:N/A
Current Price:$24.75
Cap:N/A

Presented

Date01/18/2017
PriceN/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$24.75
Market CapN/A

Please note, this is an update to Long - TNTLOG TL 1L USD, TNTLOG 7 03/01/2021, which was originally presented on 09/28/2016.

Public companies mentioned herein: Kuehne + Nagle (KNIN VX).

Highlights

The presenter provided an update on CEVA Logistics, a contract logistics and freight management company. The securities originally recommended by the presenter in September 2016 have appreciated slightly, with the term loan currently trading at 85 cents on the dollar, or about 11% on a yield to worst basis. The first lien 7% notes are also currently trading at 85 cents, or around 11.5% on a yield to worst basis. Both securities have the potential to generate an approximate 25% IRR over the next 12 months.

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Idea Discussion

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