Co-op.gp. 25 Discussion Threads

[praipus] 08/12/2024 16:17

Redemption 22 Dec, 2025 Gaurantor Co-op Funeral Plans Limited has resigned! Anyone add any wisdom here? When did the dividend/interest payments cease please.

[dalesiders] 17/12/2022 13:29

107.75 to buy with ii over the phone for an ISA. I make this a YTM of 8% for essentially a 3 year bond. No accrued interest to fork out as pay day is 20/12 I believe, and even for bonds trading clean there has to be some sort of record date

[glavey] 08/11/2022 08:54

System issue.

[jaf111] 07/11/2022 11:29

In addition to HL can also trade these with i-Dealing. But II do not do online trading in these for some strange reason!!!

[tag57] 07/11/2022 10:22

Found my answer.

[tag57] 07/11/2022 10:14

Can someone provide the YTM calc, just wondering if the coupon will be paid in 2025 too?

[aishah] 07/11/2022 09:46

HL are quoting minimum of 100 units and adding 324 days interest on top.

100@106.5p. Add commission and 324 days interest on top of £9.76

[my retirement fund] 07/11/2022 09:35

What's the minimum clip size here and do you need to be a pro registered person or do brokers happily sell to anyone?

[aishah] 05/11/2022 14:52

Price has collapsed this year with the rest of the sector. Worth considering now with an 11% coupon due in the next few weeks? Inflation may have peaked and rates may keep steady going into next year. When there's blood on the streets...

[glavey] 06/5/2022 07:47

But inconsequential, it trades clean.

[jaf111] 05/5/2022 15:02

its annual....on or around 20 December

[rhino col] 05/5/2022 08:50

Thanks Glavey, is the coupon paid just once yearly on the 20/12 or do they pay twice yearly like most fixed income

[glavey] 05/5/2022 03:20

Nothing, it's a coupon.

[rhino col] 04/5/2022 09:51

What happened to the 11% ??

[glavey] 04/5/2022 08:39

There is no dividend.

[rhino col] 03/5/2022 09:10

Anyone know the ex dividend date on these ? Thanks

[glavey] 26/10/2021 05:55

Different Co-Op, different instrument.

[prettygreen] 25/10/2021 08:14

I see the Co-Op are interested in TSB at @ £1bn. Fortunes must have changed - it's not that long ago they were crying poverty and tried to wriggle out of paying the interest on these. After a legal challenge, the "Crystal Methodist" saga and their "restructure" they still managed to stiff holders but did pay the accrued interest. Wouldn't trust Co-Op Bank to run a whelk stall.

[holts] 27/4/2020 15:02

Results not too shoddy .

[pogue] 20/3/2020 19:59

Well you got a bounce today so well done!
I see many businesses though that should survive this no problem but I see your point here. I bought some ELLA the other week around £1.45 thinking that was a good safe buy, got that one wrong.
I think there will be more selling, this market is not getting better anytime soon we have 3 months to go according to Boris whilst others are quoting a year!
Off course right now any prediction is wrong as who knows.
I am keeping my money in my pocket, apart from one share, and will wait till I see the whites of their eyes :0)
Good luck

[holts] 20/3/2020 13:25

Pogue ,

First of all , dont listen to this idiot !

However for what its worth I am working on the basis that the rapid decline in fixed income is largely as a result of liquidity problems elsewhere so everything is out to raise the required funds .

Add in Co op business is food , funerals and insurance , the latter I suspect is not heavily exposed to businesses and even then only a minuscule percentage of businesses have cover that would be valid as a result of virus interruption its just not in standard cover .

What is happening in Italy concerns me hence only a small nibble at 104.9 , but really who knows ? History advises time to buy but one always thinks is it different this time .

[pogue] 20/3/2020 08:11

I am interested why do you think this is a good buying point? I personally am buying nothing right now as I dont see the bottom, especially since Boris tells us 3 months before we are out of this, I am looking for people with a more positive attitude.

[holts] 20/3/2020 08:06

Had a nibble .

[spittingbarrel] 16/3/2020 18:34

I would think these are starting to look attractive, People will always be going to their local supermarket for food, the insurance side might suffer a bit but I would have thought these were pretty safe. Yielding about 7.6% now.

[pimsim] 03/2/2020 12:49

The recent deal with Aviva, who will now take on the liabilities of the PACE pension scheme, effectively removes the last remaining exposure the co-op group has to the co-op bank.

The bonds have had a good run up recently which reflects the steady de-risking within the group.