mastrodaniel
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A questi prezzi mi pare molto interessante ..quindi dentro.....
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Societe Generale porta sul segmento Bond-X (EuroTLX) di Borsa Italiana due obbligazioni, una in EUR e una in USD, a tasso fisso decrescente con durata massima di 15 anni e possibilità di rimborso anticipato annuale a discrezione dell’Emittente.
Per continuare a leggere visita questo LINKQuesto giro non riesco a seguirvi. Directa non ha il titolo censito e non aggiungono titoli che quotano sotto i 50c ... mah ..
All ultimo quarter hanno 61 milioni in cash in calo dai 81 milioni del quarter precedente ..ma sono sempre 10 dollari in cash...
Se sei dentro tu noscusa ma qui veramente non ho capito niente di cio che scrivi dove li vedi 10 dollari in cash?
MDLY 10Q - Medley Management, Inc. - Quarterly Report - May 15, 2020 - Fintel.io
a me risultano 6mln il cash puro total assett 41mln e debiti per 164 mln
mahhhhhhhhhhhhhhhh fara + 100
Nell' ultima trimestrale c'è scritto così
As of March 31, 2020, the Company had a cash balance of $61.1 million.
Se sei dentro tu no
puoi postare il link , l'unico che ho troavto io è quello che ho postato
Ti posto tutta la trimestrale
Medley Capital Corporation Announces March 31, 2020 Financial Results
GlobeNewswireMay 12, 2020, 3:41 AM GMT+7
NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (MCC) (MCC) (the “Company”) today announced financial results for the quarter ended March 31, 2020.
Second Quarter Summary
Net asset value (“NAV”) of $2.60 per share
Net investment loss of $(0.08) per share
The board of directors did not declare a dividend this quarter
Portfolio Investments
The total value of our investments was $255.9 million at March 31, 2020. During the quarter ended March 31, 2020, the Company originated $6.6 million of investments and had $20.4 million of repayments and sales, resulting in net repayments and sales of $13.8 million. As of March 31, 2020, the Company had investments in securities of 44 portfolio companies with approximately 41.4% consisting of senior secured first lien investments, 9.9% consisting of senior secured second lien investments, 0.6% consisting of unsecured debt, 16.4% in MCC Senior Loan Strategy JV and 31.7% in equities / warrants. As of March 31, 2020, the weighted average yield based upon the cost basis of our income bearing portfolio investments, excluding cash and cash equivalents, was 8.7%.
Results of Operations
For the three months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.08) and $(1.45), respectively, calculated based upon the weighted average shares outstanding.
For the six months ended March 31, 2020, the Company reported net investment loss per share and net loss per share of $(0.02) and $(1.37), respectively, calculated based upon the weighted average shares outstanding.
Investment Income
For the three months ended March 31, 2020, total investment income was approximately $5.3 million and consisted of $3.5 million of portfolio interest income, $1.7 million of dividend income, and $0.1 million of fee income.
For the six months ended March 31, 2020, total investment income was approximately $12.8 million and consisted of $8.9 million of portfolio interest income, $3.5 million of dividend income, and $0.4 million of fee income.
Expenses
For the three months ended March 31, 2020, total expenses were approximately $9.5 million and consisted of the following: base management fees of $1.6 million, interest and financing expenses of $4.4 million, professional fees of $0.1 million, administrator expenses of $0.6 million, directors’ fees of $0.3 million, and other general and administrative related expenses of $2.5 million.
For the six months ended March 31, 2020, total expenses were approximately $13.9 million and consisted of the following: base management fees of $3.6 million, interest and financing expenses of $9.6 million, net professional fees of $(4.3) million, administrator expenses of $1.1 million, directors’ fees of $0.6 million, and other general and administrative related expenses of $3.3 million.
Net Investment Income/Loss
For the three months ended March 31, 2020, the Company reported net investment loss of $(4.2) million, or $(0.08), on a weighted average per share basis.
For the six months ended March 31, 2020, the Company reported net investment loss of $(1.1) million, or $(0.02), on a weighted average per share basis.
Net Realized and Unrealized Gains/Losses
For the three and six months ended March 31, 2020, the Company reported net realized losses of $(0.1) million and net unrealized depreciation of $(73.6) million and net realized losses of $(1.8) million and net unrealized depreciation of $(69.8) million, respectively.
For the three and six months ended March 31, 2019, the Company reported a loss on extinguishment of debt of $(0.9) million and $(1.8) million, respectively.
For the three and six months ended March 31, 2019, the Company reported a change in provision for deferred taxes on unrealized appreciation on investments of $(0.1) million.
Liquidity and Capital Resources
During the quarter ended March 31, 2020 the Company repaid a total of $34.9 million on its Series A Israeli Notes (the “Israeli Notes”), which consisted of its scheduled quarterly amortization payment and an additional pre-payment.
As of March 31, 2020, the Company had $74.0 million outstanding in aggregate principal amount of 6.50% unsecured notes due 2021, $77.8 million outstanding in aggregate principal amount of 6.125% unsecured notes due 2023, and $21.1 million outstanding in aggregate principal amount of the Israeli Notes.
As of March 31, 2020, the Company had a cash balance of $61.1 million.
On April 14, 2020 the Company repaid the remaining $21.1 million of Israeli Notes outstanding.
Dividend Declaration
The board of directors did not declare a dividend this quarter.
Financial Statements
Medley Capital Corporation
Consolidated Statements of Assets and Liabilities
(in thousands, except share and per share data)
March 31, 2020
September 30, 2019
(unaudited)
ASSETS
Investments at fair value
Non-controlled/non-affiliated investments (amortized cost of $143,310 and $204,736, respectively)
$
112,666
$
189,895
Affiliated investments (amortized cost of $96,626 and $108,310, respectively)
82,277
99,540
Controlled investments (amortized cost of $156,552 and $154,601, respectively)
60,953
107,454
Total investments at fair value
255,896
396,889
Cash and cash equivalents
61,104
68,245
Restricted cash
—
16,039
Other assets
966
2,974
Interest receivable
489
1,592
Receivable for dispositions and investments sold
12
419
Fees receivable
45
109
Total assets
$
318,512
$
486,267
LIABILITIES
Notes payable (net of debt issuance costs of $1,843 and $5,274, respectively)
$
171,173
$
251,732
Accounts payable and accrued expenses
2,258
11,957
Interest and fees payable
802
2,905
Management and incentive fees payable
1,641
2,231
Administrator expenses payable
576
862
Deferred revenue
38
103
Due to affiliate
196
44
Deferred tax liability
86
—
Total liabilities
$
176,770
$
269,834
NET ASSETS
Common stock, par value $0.001 per share, 100,000,000 common shares authorized,
54,474,211 and 54,474,211 common shares issued and outstanding, respectively
$
54
$
54
Capital in excess of par value
673,533
673,533
Total distributable earnings/(loss)
(531,845
)
(457,154
)
Total net assets
141,742
216,433
Total liabilities and net assets
$
318,512
$
486,267
NET ASSET VALUE PER SHARE
$
2.60
$
3.97
Medley Capital Corporation
Consolidated Statements of Operations
(in thousands, except share and per share data)
For the three months
ended March 31
For the six months
ended March 31
2020
2019
2020
2019
(unaudited)
(unaudited)
(unaudited)
(unaudited)
INVESTMENT INCOME
Interest from investments
Non-controlled/non-affiliated investments:
Cash
$
2,321
$
7,510
$
5,538
$
15,587
Payment-in-kind
128
606
327
1,178
Affiliated investments:
Cash
190
460
399
1,212
Payment-in-kind
707
644
1,654
1,616
Controlled investments:
Cash
1
86
85
164
Payment-in-kind
5
760
501
1,789
Total interest income
3,352
10,066
8,504
21,546
Dividend income
1,663
1,992
3,500
4,091
Interest from cash and cash equivalents
154
211
372
373
Fee income
132
318
416
779
Total investment income
5,301
12,587
12,792
26,789
EXPENSES
Base management fees
1,641
3,084
3,649
6,270
Incentive fees
—
—
—
—
Interest and financing expenses
4,432
5,899
9,576
11,908
General and administrative
2,083
2,881
2,600
3,485
Administrator expenses
576
668
1,128
1,700
Insurance
357
117
655
236
Directors fees
297
376
612
669
Professional fees, net
131
10,157
(4,285
)
11,357
Expenses before management and incentive fee waivers
9,517
23,182
13,935
35,625
Management fee waiver
—
—
—
—
Incentive fee waiver
—
—
—
—
Total expenses net of management and incentive fee waivers
9,517
23,182
13,935
35,625
NET INVESTMENT INCOME
(4,216
)
(10,595
)
(1,143
)
(8,836
)
REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS
Net realized gain/(loss) from investments
Non-controlled/non-affiliated investments
(100
)
(10,615
)
(158
)
(15,799
)
Affiliated investments
—
—
—
—
Controlled investments
—
—
(1,687
)
(51,539
)
Net realized gain/(loss) from investments
(100
)
(10,615
)
(1,845
)
(67,338
)
Net unrealized appreciation/(depreciation) on investments
Non-controlled/non-affiliated investments
(19,550
)
19,352
(15,802
)
20,164
Affiliated investments
(15,019
)
(3,079
)
(5,579
)
(5,474
)
Controlled investments
(38,994
)
(19,672
)
(48,451
)
26,920
Net unrealized appreciation/(depreciation) on investments
(73,563
)
(3,399
)
(69,832
)
41,610
Change in provision for deferred taxes on unrealized (appreciation)/depreciation on investments
(86
)
—
(86
)
—
Net loss on extinguishment of debt
(895
)
—
(1,784
)
(123
)
Net realized and unrealized gain/(loss) on investments
(74,644
)
(14,014
)
(73,547
)
(25,851
)
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS
$
(78,860
)
$
(24,609
)
$
(74,690
)
$
(34,687
)
WEIGHTED AVERAGE - BASIC AND DILUTED EARNINGS PER COMMON SHARE
$
(1.45
)
$
(0.45
)
$
(1.37
)
$
(0.64
)
WEIGHTED AVERAGE - BASIC AND DILUTED NET INVESTMENT INCOME PER COMMON SHARE
$
(0.08
)
$
(0.19
)
$
(0.02
)
$
(0.16
)
WEIGHTED AVERAGE COMMON STOCK OUTSTANDING - BASIC AND DILUTED
54,474,211
54,474,211
54,474,211
54,474,211
DIVIDENDS DECLARED PER COMMON SHARE
$
—
$
0.05
$
—
$
0.15
ABOUT MEDLEY CAPITAL CORPORATION
Medley Capital Corporation is a closed-end, externally managed business development company ("BDC") that has common stock which trades on the New York Stock Exchange (MCC) and the Tel Aviv Stock Exchange (MCC) and has outstanding bonds which trade on the New York Stock Exchange under the symbols (MCV) and (MCX) . Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at Index page | Medley Capital Corporation.
ABOUT MCC ADVISORS LLC
MCC Advisors LLC is a subsidiary of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $4.1 billion of assets under management in two business development companies, Medley Capital Corporation (MCC) (MCC) and Sierra Income Corporation, and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America.1 For additional information, please visit Medley Management Inc. at Medley Management Inc. Alternative Asset Management - Welcome.
Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the New York Stock Exchange under the symbols (MDLX) and (MDLQ).
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking” statements, including statements regarding any potential exploration of strategic alternatives by the Company. Such forward-looking statements reflect current views with respect to future events and financial performance, and the Company may make related oral forward-looking statements on or following the date hereof. Statements that include the words “should,” “would,” “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “seek,” “will,” and similar statements of a future or forward-looking nature identify forward-looking statements in this material or similar oral statements for purposes of the U.S. federal securities laws or otherwise. Forward-looking statements include, but are not limited to, the introduction, withdrawal, success and timing of business initiatives and strategies; changes in political, economic or industry conditions, the interest rate environment or conditions affecting the financial and capital markets, which could result in changes in the value of our assets; the relative and absolute investment performance and operations of MCC Advisors LLC; our business prospects and the prospects of our portfolio companies; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets and the global and U.S. economy, the length and duration of the COVID-19 outbreak in the United States as well as worldwide and the magnitude of the economic impact of that outbreak, and the impact of the termination of the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and between the Company and Sierra Income Corporation (“Sierra”) and the Amended and Restated Agreement and Plan of Merger, dated as of July 29, 2019, by and among Medley Management Inc., Sierra, and Sierra Management, Inc., on our business, financial results, ability to pay dividends and distributions, if any, to our stockholders, and stock price.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the “Risk Factors” and other sections of the Company’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. The forward-looking statements in this press release represent the Company’s views as of the date of hereof. The Company anticipates that subsequent events and developments will cause its views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company does not have any current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the Company’s views as of any date subsequent to the date of this material.
SOURCE: Medley Capital Corporation
Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777
Media Contact:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. LP
212-257-4170
_________________________________________________________________________________________________________________
1 Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, “Medley”). Assets under management refers to assets of Medley’s funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of December 31, 2019.
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Exhibit E. Consolidated Balance Sheets of Medley Management Inc.
As of
March 31, 2020
(unaudited)
December 31, 2019
(in thousands)
Assets
Cash and cash equivalents
$
6,599
$
10,558
Investments, at fair value
10,605
13,287
Management fees receivable
7,608
8,104
Right-of-use assets under operating leases
6,122
6,564
Other assets
10,217
10,283
Total Assets
$
41,151
$
48,796
Liabilities, Redeemable Non-controlling Interests and Equity
Liabilities
Senior unsecured debt, net
$
118,573
$
118,382
Loans payable, net
10,000
10,000
Due to former minority interest holder, net
7,529
8,145
Operating lease liabilities
7,751
8,267
Accounts payable, accrued expenses and other liabilities
21,012
22,835
Total Liabilities
164,865
boh
scusa ma qui veramente non ho capito niente di cio che scrivi dove li vedi 10 dollari in cash?
MDLY 10Q - Medley Management, Inc. - Quarterly Report - May 15, 2020 - Fintel.io
a me risultano 6mln il cash puro total assett 41mln e debiti per 164 mln
mahhhhhhhhhhhhhhhh fara + 100
su Finviz danno cash per 0.20 per azione
avete entrambi ragione sono due società diverse. Una è Medley Management Inc (MDLY) e l'altra è Medley Capital Corporation (MCC). Non so come e se sono in alcun modo collegateche corrispondono ai miei evidentemente errati conti
6,6ml$ /32,54 mln share
boh come detto in bocca al lupo