Giuseppe Scannapieco @TheFlyingMoney: "@JeppeKirkBonde : today US PLAYA..."

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JeppeKirkBonde

Jeppe Kirk Bonde

@TheFlyingMoney

Germany

@JeppeKirkBonde : today US PLAYA has been taken out from your portfolio. It appears now as a CVR in my personal portfolio. Any recommendations for the way ahead?... Show More

1 Mentioned

JeppeKirkBonde

Jeppe Kirk Bonde

I have sold my shares already, and so have copiers. There is a merger process underway. $H (Hyatt Hotels Corp) is acquiring Playa. ... Show More

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@TheFlyingMoney

Thanks @JeppeKirkBonde . The operation shows up as a buy position in my portfolio on which I cannot operate. Apparently the selling operation has not been reflected in the copied portfolios ... Show More

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@Jogagoga

To me it is happening exactly the same. I opened a ticket in etoro because I couldn't figure why suddenly I have that position in my portfolio. Should we then wait until the merger is finalised?... Show More

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@janvaltera

I can see this in my portfolio. Very confused now. @JeppeKirkBonde can you advice what to do? ... Show More

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@Jogagoga

Edited

I got an answer from etoro. This is a CVR, Contingent Value Right, and it is potentially a payment if certain markets conditions are reached after the acquisition. The reason to get it is because we have had open positions with PLAYA It is explained in the investor page of Hyatt too, but I'm not... Show More

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@MarekMutwil

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So I'm guessing this an amount we are due when the merger is completed? I cant stand having these frozen positions in my portfolio as you never know of the money is real or not. ... Show More

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@ChristianKirch

Do we know what milestones that needs to be hit in order for the CVR to be triggered?🫡... Show More

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@MarekMutwil

🔍 Summary of CVR-Relevant Information ✅ 1. The Real Estate Sale Is the Trigger Event • Hyatt sold Playa’s real estate portfolio to Tortuga for $2.0 billion. • An additional $143 million earnout is available if “certain operating thresholds” are met. • If these earnout conditions are met, CVR holders... Show More

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@JFerna2481

Thanks for this, so then as i suspected really that asset in Etoro is not real cash ?(hence why we cant cash it in). It could well expire worthless.... Show More

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@Jogagoga

Since the CVR appeared in my portfolio that sum appears every day under daily profits and it is is not right ... Show More

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@Jogagoga

Has the value of the CVR disappeared for you? Now it appears in my portfolio with a value of 0,01$... Show More

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@JFerna2481

yes an improvement but also equally pointless... Show More

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@MarekMutwil

I just got this email... the result is poor. We’d like to share an update regarding the acquisition event of Playa Hotels & Resorts NV. As part of the merger, you have received a CVR (Contingent Value Rights) with the ticker symbol CVR PLAYA US Merger. We have received a payment of 0.43 USD per unit... Show More

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