High Yield – Technology, Media & Telecommunications: First
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

High Yield – Technology, Media & Telecommunications: First

03-web-efirt-david-caldana.jpg

03-web-efirt-andrew-webb.jpg

David Caldana, Andrew Webb & team

J.P. Morgan

“They are energetic and always available.”

It’s three straight years on top for J.P. Morgan’s four-strong squad co-piloted by David Caldana and Andrew Webb. The London-based analysts have ratings on 60 issuers and keep their eyes on another 40. In July they recommended buying Wind Telecomunicazioni’s 11.75 percent 2017 senior notes, at $79.75, arguing that investors were overstating the threat posed by rising competition and declining sales at the telecommunications services provider, which is headquartered in Italy. By mid-January the bonds had rallied to $108. Also in July the team launched coverage on Numericable and urged clients to buy the 12.375 percent 2019 notes, at €100, on the French cable operator’s dominant market position and attractive yield. The notes jumped to €120, through mid-January, and they remain recommended. Caldana, 36, joined the firm in 1999 after earning a bachelor of commerce degree at Queen’s University at Kingston in Canada. Webb, 35, who holds a bachelor’s degree in finance and economics from Canada’s University of Western Ontario, came to J.P. Morgan in 2004. — Ben Mattlin


Gift this article