Balfour B.10tqp Discussion Threads

[jimbowen30] 15/1/2019 12:57

SKYSHIP,
Have you looked at ALP1? GRY of over 4% and 11 months until redemption.

[skyship] 15/1/2019 09:41

AYLINGD - With the markets again so unpredictable for 2019 (though I expect a far better outcome than in 2018), I have positioned my portfolio in relatively secure, low expectations mode.

I have two core holdings, each representing c15% - a far higher figure than the usual 10% MAX figure operating since 2001.

Those two are:

# BBYB - At an offer price of 108.245p, the Gross price is 108.885p for a GRY of 4.51%

# RGL - a superbly managed regional propco trading at a c19% NAV discount on a yield of 8.6%

[aylingd] 15/1/2019 09:21

Now the prospect of further interest rate hikes (in the US) seems to be receding does this look an attractive risk/reward here at a GRY of say 4.25% at 108p ?

Can't find much else to buy so thinking of putting a bit more of the parked cash to play. Any thoughts.

D.

[jimbowen30] 23/11/2018 15:38

maybe worth looking at adding to holdings on any dips...perhaps early next year as we get closer to maturity.

[skyship] 23/11/2018 15:36

Jim - "...but there aren't too many decent short maturity income options around."

Exactly!

[nisbet] 23/11/2018 15:10

Just tried to buy 10,000. Cheapest offer was 108.95p.

[jimbowen30] 23/11/2018 09:02

Thanks - 4.26% isn't great for new buyers, but there aren't too many decent short maturity income options around.

[skyship] 23/11/2018 08:59

A buy @ 108p inc. exps is therefore @ 108.6p.

At 108.6p the GRY = 4.26%.

[jimbowen30] 23/11/2018 08:51

SKYSHIP,
Surely most will hold until redemption? What do you make the GRY at 108p?

[skyship] 23/11/2018 08:15

106-108p is a reasonable performance, equivalent to 111.375p bid Cum. Div.

Certainly won't be selling any at 106p as the GRY at that level is 5.85%; so IMO they remain a strong HOLD.

[jimbowen30] 21/11/2018 16:23

few last minute buys coming in before it goes ex-div.

[skinny] 19/11/2018 14:04

Creeping up towards Thursday's ex-dividend.

[jimbowen30] 06/11/2018 14:08

offer now 112p

[eeza] 02/11/2018 10:37

A few chunky buys this morning. Moved the offer up to 110.50p.

[jimbowen30] 02/11/2018 10:05

Sky - thanks for the reply. I too apply the 10% rule, although I've broken this in a few instances where I have very strong conviction and where investments are incredibly cheap (AAZ). Agree it's hard to find value at present - any other short term income plays/cash proxies?

[skyship] 02/11/2018 09:08

jim - I used to run a 10% MAX. allocation any one stock; but have this year lifted that to 12.5% as now finding far fewer VALUE stocks. So I have about that figure in BBYB, as well as in high-yielding propcos HCFT & RGL.

[jimbowen30] 02/11/2018 08:26

Skyship,
It's a great place to park some cash for the short term. If you don't mind me asking how much of your portfolio is in this?

[skyship] 01/11/2018 14:39

Nice close spread - 109.65p-110.25p...

[skinny] 30/10/2018 06:27

Skyship (post 652) here :-

<img src="http://www.archersafetysigns.co.uk/images/w/W129FHsm.gif" />


What would nice is for this to start early or at least start!!

[jimbowen30] 27/10/2018 09:52

Yes added another chunk at 109.8p yesterday :)

[skyship] 26/10/2018 16:34

eeza - still under 110p then!

Good weekend all - BBYB running commentary will have to wait awhile...

[skyship] 26/10/2018 15:45

😊

Must say, rather like Skinny's "Caution Ramp". Where is that to be found?

[cwa1] 26/10/2018 15:36

LOL, to be fair it IS probably a world first!

[skyship] 26/10/2018 15:32

Sorry CW - but never heard of a ramp in a Fixed Interest stock!