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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| F&C PR EQ Zeros | LSE:FPEZ | London | Ordinary Share | GB00B5883J06 | ZERO DIV PREF SHS 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 151.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 151.50 | GBX |
F&C PR EQ Zeros (FPEZ) Share Charts1 Year F&C PR EQ Zeros Chart |
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1 Month F&C PR EQ Zeros Chart |
Intraday F&C PR EQ Zeros Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/9/2011 | 09:02 | A Secure High-yielder (8.34%) for troubled times... | 41 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 21/10/2010 16:50 by skyship Ian - yes - so? If, by way of an example without accurate figures, you buy AZN @ 2500 on a 7% yield, you may well decide that at 3300 when the yield = a more modest 5%, then the time has come to take the profit as newcomers might be thinking the shares as fully valued. So with FPEZ @ 116p versus a buying price of 105p just 5months ago.You always have to evaluate on the basis of where you are now - not where you started. Very important to grasp that basic fundamental. Without being patronising, are you relatively new to the investment game - if so, you have done well to find yourself owning or looking at a stock relatively incomprehensible to most PIs! |
Posted at 20/10/2010 21:43 by ianbrewster Sky / MangalAm I missing something? Surely it is the GRY at the time you buy that counts. You are still getting e.g. 8% pa on the money that you originally invested even if the GRY at today's price only gives 6.5%. |
Posted at 16/10/2010 18:24 by skyship Halved my holding this past week as overweight and needed cash to top-up holdings in IRET & HPEQ. Note: At 115.5p the GRY here is 6.84%# IRET is my pick of the properties: At 47p they: # yield 8.5% covered 1.3x # are on a 20% discount to the basic 59p NAV # have a relatively low LTV at 47% # have quality management # have the right attitude to shareholder value; and # are effectively run by a bank - ING # HPEQ is a classic price anomaly stock due to practically zero Private Investor knowledge or interest. If you are on this thread then you are a more professional investor, so do take a look. All facts and figures on the HPEQ thread. At 197.5p (198.5p inc stamp) they are on an effective GRY of minimally 12%, so still a buy |
Posted at 05/9/2010 16:56 by skyship Not really, even Zeros can get a bit ahead of themselves. As an example, PEWZ has a GRY of just 5.5% - certainly not value. FPEZ still cheap however... |
Posted at 22/7/2010 09:12 by skyship 107.5p-108.0p. FPEZ is the one constant in an uncertain World! |
Posted at 25/4/2010 12:49 by hpotter Thanks for the responses. Not being in income drawdown I'd not considered how the income in a SIPP is calculated when its not dividends. In the IC 26 March '10 there was a description of a couples £3million portfolio - Mr & Mrs Michael Broke. He and his wife have £1.7m in a SIPP and most of the rest in ISA's. He listed his investment criteria and the first was not to invest in any funds. As his overall target is 7%pa and preservation of capital he might be missing a trick with FPEZ. He'd transfered other pensions into his SIPP and had a mix of blue chip shares and corporate bonds. As my company pension will only give me about 3% I'm tempted to do likewise, but not sure its allowed, what the tax implications are or if I'm brave enough. |
Posted at 11/4/2010 17:06 by hpotter SKYSHIP,Re. your comment on 26 March about FPEZ being an excellent SIPP holding. Could you please explain. Is it because you can income drawdown 8.4%pa. or is it just that its a high yield over the 5 year period? Until now I've used my SIPP for capital gains investments but with retirement looming this is about to change. Thanks also for the preference shares info. |
Posted at 26/3/2010 09:10 by skyship mbu69 - no, you haven't missed anything; but bear in mind that this really should be viewed as a 5yr hold which will slowly accrete toward its redemption price. The notional 8.4% GRY makes it an excellent SIPP holding. |
Posted at 22/3/2010 10:02 by skyship Looks like it. To my mind FPEZ provides a bit of certainty in an uncertain financial world - rather in the way the Royal London Zeros did until redemption in Sept'08. |
Posted at 22/3/2010 09:25 by skyship F&C Private Equity Trust is a well-diversified "Fund-of-Funds" trust which in Nov'09 had Gross Assets of £180m and bank debt of £31.5m. In Dec'09 they raised additional debt through the issue of 30m Zero Dividend Preference shares (ZDPs):9 December 2009 - Placing of Zero Dividend Preference Shares: The Board of F&C Private Equity Trust plc is pleased to announce that its new wholly-owned subsidiary, F&C Private Equity Zeros plc, has received Placing commitments to subscribe for 30,000,000 ZDPs @ 100p per share. The ZDPs will have an illustrative initial capital entitlement of 100 pence and will be entitled to the Final Capital Entitlement of 152.14 pence as at 15 December 2014; this would equate to a gross redemption yield of 8.75% per annum based upon the 100p Placing Price. I'm unable to provide a link to the prospectus as it appears not to be freely available online, so for your copy email the fund manager (see below) and he will reply with an html doc.: Hamish.Mair@fandc.co All the facts and figures for the trust and its portfolio can be found on the company website: There is also a fair amount of information accessible through ADVFN on the pages for FPEO (the ords) & FPEZ (the ZDPs). At a time when the stock-market recovery may well have run its course (or at least the Risk/Reward favours to the downside with the FTSE @ 5650), there are many who are looking for elusive high-yielding safe havens. Personally I have 25% of my SIPP in high-yielding preference shares: AV.A, ELLA, GACA, IERP, the more speculative RUSP and finally these new Zeros FPEZ. Though they don't pay a dividend in the traditional sense, nevertheless the Gross Redemption Yield at the current offer price of 103.3p (104p inc exps) = a highly attractive 8.36% - effectively fixed for nearly 5yrs. What I find particularly attractive is the security aspect. The Zeros rank ahead of the ords and after the bank debt, so there is effectively £150m of net equity to support the current £30m of Zeros, which will need just £45.6m to pay out @ 152.14p in Dec'2014. |
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