Transcom - Calling Altor

Please find our updated analysis post Q1 results, here.

We have focused our attention on the options available to the Company, the sponsors, Altor and bondholders regarding the refinancing of its

Tomás Mannion12 June 2025TRANSCOM

Transcom - comment

With less than two years to maturity, Transcom bonds still languish in the mid-70s. Today's Q1 results will do nothing to change that. The path to

Buy Side, Sell SideTomás Mannion8 May 2025TRANSCOM

Transcom - comment

There is never a good time to lose senior management but with the industry in flux and a refinancing required for its Dec 2026 bonds, now is

Sell SideTomás Mannion15 April 2025TRANSCOM

Transcom - comment

Q4 and FY24 numbers were broadly in line with our and market expectations. EBITDA margins are showing modest signs of improvement, but doubts remain over

Tomás Mannion14 February 2025TRANSCOM

Transcom - comment

The Swedish BPO operator got downgraded by Moody’s to Caa1 from B3 and its probability of default rating to Caa1-PD from B3-PD. Moody’s also

Saahil Dey27 November 2024TRANSCOM

Transcom - Turnaround Calling? - Positioning

Please find our model post the release of the Q3 2024 results on Transcom here.

There is a slow & steady progress on the turnaround. While Transcom is suffering from lower customer volumes (in eComm & Tech) which

Saahil Dey22 November 2024TRANSCOM

Transcom - Waiting for the Turnaround - Initiation | Positioning

Please find our initiation note on Transcom, here.

Transcom is suffering from lower customer volumes (in eComm & Tech) which started in Q2 2023 and continues at the present, the

Saahil Dey27 September 2024TRANSCOM