Same on 15th and 16th of Jan. 2 million share trades |
Couple of decent trades today of 2,000,000 shares. Cross? |
Basel 3 to which 2026 refers isn’t happening in US anytime soon, and I think it’s been copied/ pushed back in the UK to 2027 at the earliest. I expect everyone will push it back and there will be more horse trading before it comes to the table. Long live GACA perhaps. |
Remember this historic statement (perhaps relevant to a few sizeable trades of late in GACB) ?
"Under current regulation the [AVIVA's] preference shares will no longer count as regulatory capital in 2026. Aviva will work towards obtaining regulatory approval for the preference shares, or a suitable substitute, to qualify as capital from 2026 onwards. If as we approach 2026 Aviva needs to reconsider this position, it will do so after taking into account the fair market value of the preference shares at that time."
Separately, given that the Gen Accident prefs are non-voting, would Aviva have to announce any current market purchases ? |
Ah yes, I see your point, thanks! Was actually about to edit my post but got there too late..
I bought mine at 100p (with juicy 12% yield) so wasn't factoring in the capital loss to someone buying now. |
Marvin,
Try again, remembering to take into account the loss of capital to redemption! |
Tilton, my 11% calc is correct, you need to try yours again ;-)
Skyship I accept IPF is slightly more risky but not by the magnitude you're suggesting. They're a very well run business, evidenced by the excellent half-year report dated 31st July and the share price appreciation as the market has rightly re-rated them. |
IPF looking pretty solid at the moment... |
IPF3 rather over-priced then. |
Marvin,
IPF3 yield at 108 = 9.1% |
Indeed; but not the same level of risk!
One is rock solid with the chance of parent company repayment; the other with a very high yield as part compensation for the much higher risk. |
Or you could get an extra 5% by investing in an IPF3 bond :-)
IPF3 12% @ c108p = 11.11% |
Yields at offer prices:
# AV.A 8.75% @ 142.5p-144.85p = 6.04%
# AV.B 8.375% @ 132.3p-133.9p = 6.25%
# GACA 8.875% @ 139.0p-139.85p = 6.35%
# GACB 7.875% @ 125.2p-125.95p = 6.25%
AV.B & GACB went XD last week. Once again GACA the best value. |
X-div today |
Does it tend to distort more just before one or the other goes ex-dividend? GACB due to on 5th Sept for a payout of 3.9375p |
Anyone got an explanation why the price gap between Gaca and Gacb is getting bigger… |
Have some already - a place to park extra funds. |
Alphorn aren’t you a bit late to the party or are you expecting a lot more from these just a polite question |
Added this morning to my GACB. |
Thanks nerja for correcting me, I am a month early :-0 |
No , I think it’s the first week of September for ex div |
GACB and AV.B are the next to pay out, think they will go x-div next week with payment in first week of September |
Yields at offer prices:
# AV.A 8.75% @ 138.0p-140.0p = 6.25%
# AV.B 8.375% @ 134.0p-137.5p = 6.09%
# GACA 8.875% @ 134.0p-135.0p = 6.57%
# GACB 7.875% @ 122.0p-125.0p = 6.30%
Once again GACA the best value. |
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