โถ๏ธsarria.co.ukโ๏ธ Use our team to leverage yours. Senior independent analyst desk covering the biggest European distressed opportunities - bottom up.
Joined August 2011
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461 Photos and videos
๐ค #Transcom - AI Risk - Positioning [3 Jun 26]
Debate around Transcom has changed.
An A&E, fresh sponsor capital and operating performance have reshaped the situation.
๐ sarria.co.uk/new-releases-weโฆ
#Altor #AI #highyield #distresseddebt $TRNSCM
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๐ฅ #HouseofHR - Smoke vs. Fire - Model Update [DELAYED 15 May 26]
Staffing businesses can look stable right until volumes, pricing and sentiment move together.
Which parts of the business are proving more resilient than feared?
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds $HOUSEH
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๐๏ธ #AstonMartin - Thinner - Model Update [DELAYED 21 May 26]
Not just a leverage story. Liquidity, inventory and negotiating leverage increasingly drive the debate.
The stance has not changed. Our confidence in the path has.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds $ASTONM
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๐ #Pasubio - Many a slip between Actual and Proforma - Positioning [DELAYED 11 May 26]
The more a story relies on pro-forma earnings, the more important the bridge back to reality becomes.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #creditopportunities #automotive $PSUBIO
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๐จ #Travelodge - Staying Power - Initiation [DELAYED 19 May 26]
Some situations are less about direction than timing.
After working through the scenarios, we think patience matters more than urgency here.
๐ sarria.co.uk/new-releases-weโฆ
#Hospitality #Hotels $TRAVEL
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๐ชต #Pfleiderer - Never mind the โspilt milkโ, comrades - Model Update [DELAYED 8 May 26]
Pending clarity on a few โdetailsโ, we are ready.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #specialsituations #sarria #fundamentalanalysis #debtmarkets $PFLEID
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๐ก #AlticeInternational - Uncertainty Remains- Positioning [DELAYED 21 May 26]
Once assets start moving around a structure, operating performance stops being the whole story.
๐ sarria.co.uk/new-releases-weโฆ
#Telecom $ALTICE
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๐ฅ๏ธ #IONPlatform - Dividend Risk [DELAYED 24 Apr 26]
The real question isnโt whatโs there. Itโs what can actually move.
๐ sarria.co.uk/new-releases-weโฆ
#highyield #distresseddebt #creditopportunities #Software #DataServices #AI $IONPLA
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๐งช #Cerba - Still Waiting At The Starting Line - Model Update [DELAYED 22 Apr 26]
Movement isnโt always momentum. In some cases, the real process is only just beginning.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #creditopportunities #LabTesting $CERBA
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๐ฌ Continuing our โHow To #LME Your Minorityโ series with @HoganLovells:
Event 5 | House of HR
๐
Wed, 20 May
โฐ 3pm UK | 10am EST
Hypothetical scenario using House of HR as a forward looking case study.
Sign up here: sarria.co.uk/sarria-events
#HouseOfHR $HOUSEH
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๐#VMED02 - Divergence [DELAYED 17 Apr 26]
When trends diverge, the real story sits beneath the surface.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #telcom #fundamentalanalysis #highyield #SpecialSituations #distresseddebt #VirginMediaO2 #Capex #Debt #Telecoms
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๐ #Morrisons โ Weathering - Positioning [DELAYED 10 Apr 26]
When a trade works, the real question is what the market is pricing next.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #creditopportunities #UKGrocers #creditresearch $MRWLN
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๐ฐ๏ธ #SES / #Intelsat - The Margin - Model Update [DELAYED 14 Apr 26]
Not all risk is about default. Sometimes itโs about the gap between expectations.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #sarria #creditopportunities $SESGFP #telcom #Satellites
171
๐งช #BioGroup โ Changing Risk Reward [DELAYED 10 Apr 26]
When pricing shifts, the real question is whatโs now being assumed.
๐ sarria.co.uk/new-releases-weโฆ
#healthcare #creditopportunities #fcf #deleveraging #highyield #Cerba #Sarria #France $BIOGRP
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๐ #ION Platform - AI may dominate the narrative, but the real risk can sit elsewhere.
๐
TODAY Client Call: Tuesday, 21 April | 3 PM UK | 10 AM EST
๐ sarria.co.uk/new-releases-weโฆ
#highyield #distresseddebt #creditopportunities #Software #DataServices #AI $IONPLA
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๐ฃ Reminder: TOMORROW "How to #LME your Minority" | Event 4 | Other Asset Stripping Mechanism.
Sarria - Credit Opportunities and @HoganLovells Lovells
๐
Wednesday, 15 April, 3 pm UK | 10 am EST
Registration: sarria.co.uk/lme-events
#HighYieldBonds #Distressed #Restructuring
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๐ฌ #AirBaltic โ Recap Scenarios โ Initiation [DELAYED 1 Apr 26]
๐
Client Call: Tuesday, 14 April | 3 PM UK | 10 AM EST
When the outcome depends on multiple paths, understanding the scenarios is the investment.
๐ sarria.co.uk/new-releases-weโฆ
#highyield $AIRBAL #Aviation #Airlines
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๐ง #Modulaire โ Peace Dividend โ Model Update [DELAYED 24 Mar 26]
Stability looks comfortable โ until you test where the pressure points really are.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #ASDA #Sarria $MODULA
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๐ #AdlerPelzer โ Only The Penultimate Hour [DELAYED 17 Mar 26]
When timing tightens, the key question is what still holds once you look beyond the next step.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #Automotives #Sarria #creditopportunities $PELHOL
quares
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๐ #ASDA โ Execution โ Model Update [DELAYED 10 Mar 26]
In UK grocery, strategy matters. Execution matters more.
๐ sarria.co.uk/new-releases-weโฆ
#highyieldbonds #distressedcredit #ASDA #Sarria $ASSDLN
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