Aviva 8 3/8% Pf Discussion Threads

[skyship] 10/8/2010 13:40

LG - of course it has some bearing, but for the canny investor stupid short-term decisions by others provide opportunities. On a dcf basis AV.B are crassly overbought versus GACA.

[mac15] 10/8/2010 13:34

ex div tomorrow

[lord gnome] 28/7/2010 17:12

That depends on how close the next ex-div date is, SKYSHIP.

[skyship] 28/7/2010 13:50

Flat yield on GACA @ 110.5 = 8.03%
Flat yield on AV.A @ 112.0 = 7.81%
Flat yield on GACB @ 104.75 = 7.52%
Flat yield on AV.B @ 112.75 = 7.43%

Does rather suggest that GACA is disproportionately cheap - so I've added a few!

[envirovision] 16/4/2010 12:23

Interest Rates: Goldman Sachs vs. Everyone Else
by: Streetwise Blog April 14, 2010

[skyship] 18/3/2010 11:41

Quite - all rather bizarre. Having bt in just recently @ 103p, I decided to take the turn at 108.25p and await events.

Topped up my IERP for an 8.9% yield with the half-yearly pay date on 31st May. No XD date announced yet, so could be anytime in the next 4weeks.

[mac15] 18/3/2010 11:06

The fall of these for no reason to 100, on little volume has been followed by a rise back up (for no reason and on little volume). Gaca, Av.a have hardly moved over same period. Maybe MMs have linked prices to the tides on some unknown planet.

[tiltonboy] 12/3/2010 19:09

Last price was about 55p.

[skyship] 11/3/2010 07:38

Ah! - indeed, as you explained here: "Callable in 2020 at par, thereafter 340bp over the 10 year gilt. Maturity 2030."

Thnx.

[badtime] 10/3/2010 22:59

Sky..ta for reminding me of tht website...i c BOI issue is offering 12%..not tempted :)

[tiltonboy] 10/3/2010 18:44

SKY,

Stepped in so much the coupon changes on it not being called.

[badtime] 10/3/2010 18:15

Hmm...50k blows me out..10k wud hav been ok..small beer for tilts :)

[skyship] 10/3/2010 17:55

Hmmm - 50k @ 72.5p - may be a little lop-sided in my portfolio - 2009 was a fantastic year, but not that fantastic!! Might have gone for 25k, but not 50k.

Incidentally, what is a "Stepped Pref."?

[tiltonboy] 10/3/2010 16:14

SKYSHIP,

Try XS0237631097

It is a 6.625% Stepped Pref. Callable in 2020 at par, thereafter 340bp over the 10 year gilt. Maturity 2030.

Minimum lot size 50K, so no problem for you...lol...

tiltonboy

[skyship] 10/3/2010 16:03

Badtime /Tilts

1. Try Old Boy's spreadsheet - link below:



2. Also unable to find BRE Prefs. Not mentioned here on ADVFN, the official BRE website or the above spreadsheet - so presumably another bond rather than a listed pref. Would appreciate clarification Tilts as it sounds like value...

[tiltonboy] 10/3/2010 09:11

or xs0235246205

[jaws6] 10/3/2010 07:32

envirovision
36RW ticker for pearl 6.5864%

[tiltonboy] 10/3/2010 07:29

enviro,

In the office just after 8, so will let you know later.

[envirovision] 09/3/2010 23:29

LSE Code: 32 OW SEDOL: B0SRM51

still trying to figure what an earth the pearl prefs are, anyone?

[badtime] 09/3/2010 22:21

Tilts...wots epic for those brit prefs..ive tried BRE.A etc

Also, anyone know a gd website tht lists all prefs/bonds (i know bondscape and the selftrade one)

TIA

[cerrito] 09/3/2010 21:30

Thanks for that Skyship
In the last 2/3 weeks sold ELLA and AV.B as I want to reduce my perpetual interest rate risk.
Have the IERE pref's as am a IERE shareholder so got them in the last restructuring and the F and C P E Zeros
I bought the Friends Provident 6.292 last april because of the call. Will be pleasantly surprised if we get paid out but wanted to be able to switch to a Libor basis.

[envirovision] 09/3/2010 21:17

yep me too im in for the long haul with them, i had to pay stamp duty on them and could never figure out why but hmmm I know pearl has warrants but never knew about prefs, what is the symbols and/or isn's to find out more about them?

[tiltonboy] 09/3/2010 20:42

enviro,

Still in FP, and got a nice capital profit as well.

On the Resolution front, has anyone looked at the Pearl Prefs?

Any thoughts welcome.

tiltonboy

[envirovision] 09/3/2010 20:27

....and dont forget 85UG Friends Provident 6.292% Bonds for 71p which yeild 8.8%. It has also got a call date, so perhaps some chance of capital gain as well but since its a bond no capital gains tax to pay if it does.