Bp 9% 2nd Prf Discussion Threads

[neilyb675] 19/2/2024 15:15

148.00 - 154.00 (GBX) at 08:00:04
on Market (LSE)

[neilyb675] 15/1/2024 10:30

149.00 - 155.00 (GBX) at 08:00:27
on Market (LSE)

[fxbond] 05/11/2010 09:10

I took modest profit on these and bought BP. common stock at 424p. With some RELUCTANCE !

[fxbond] 02/8/2010 12:14

Foresee further upside in these whilst BP has lawsuits to be settled. The yield is far above cash deposits and better than you get on many ordinary shares with less risk

[fxbond] 02/8/2010 09:33

PREFERENCE SHARE DIVIDEND PAID TODAY !

[fxbond] 31/7/2010 14:32

Nobdy seems to like this thread ! Admittedly the best time to buy these has recently passed -well hopefully! In economics circles there is this debate about whether inflation longer term is inevitable or if deflation is more of a reality.In fact if we put aside the fact that some Eastern nations have leeway to catch up in the short term is it not THE REALITY that deflation is inevitable as the resources that are required for permanent economic growth are finite. Well that is the challenge we have -and it is only technological advance and limitation of population that can ensure economic growth. In an uncertain environment do BP prefs deserve the premium they have so far commanded. I can only conclude that whilst not paying now the highest of preference share yields BP is a good risk and better thn the yield on gilts.What if they were in a year or two to slip a bit - well the yield would be better at a lesser price and would make a decent average that would probably be better than a building society account. Can we rely on the housing market as the engine of economic growth in this country-has it not been our major failure in economic development instead of building major industries like the Germans and Japanese. If not and house building and homes for immigrants is our particular niche then inflation will return and prefs in the dustbin.

[washbrook] 09/8/2008 16:32

BP 9% preference net yield 5.68%

5.1% down over (FTSE down 14.1%)12 months
Dividend dates 31/1 31/7