Gen.acc.8se.pf Discussion Threads

[skyship] 30/7/2019 13:47

Already up 1.2% this month. We are in the middle of an inevitable rise - 1st target 157p:


free stock charts from uk.advfn.com

[skyship] 03/7/2019 09:23

Comparison Update in the Aviva prefs:

Here are the current prices:

AV.A - 142.2p - 143.79p; Yld = 6.09%
AV.B - 140.5p - 142.74p; Yld = 5.87%
GACA - 143.75p - 144.49p; Yld = 6.14%
GACB - 126.3p - 129.9p; Yld = 6.06%

AV.B & GACB are the next two to go XD (in Sept.)

Recent price action suggests to me that we will see a quite good rise in July; as we also saw in June.

Current Best Buy - GACB...

[skyship] 21/6/2019 16:34

GACA moving back up well - 142p-146p - early days, a long way to go (UP)!

[skyship] 08/6/2019 10:21

Comparison Update following recent pullbacks in the Aviva prefs:

Here are the current prices:

AV.A - 140.2p - 142.4p; Yld = 6.14%
AV.B - 138.2p - 140.0p; Yld = 5.98%
GACA - 139.2p - 141.7p; Yld = 6.26%
GACB - 126.5p - 127.95p; Yld = 6.15%

AV.A & GACA both went XD this past week.

With all the talk of interest rates moving lower again; and the outside chance of a serious offer from the parent company (thnx Nisbet), the recent pullbacks again present a great buying opportunity IMO.

The 2 old General Accident prefs perhaps again the BEST BUYS.

[par555] 04/6/2019 11:39

SKYSHIP, Thanks for that.

[skyship] 03/6/2019 21:28

Nothing untoward. Also read this by Nisbet on the AV.A thread. Not beyond the realms of fantasy that all the prefs might receive a welcome offer from the parent company. A 5% yield would deliver a 178p bid. Happy with that!

[par555] 03/6/2019 19:45

SKYSHIP,

Would welcome your take on the pull back in Aviva, Lloyds and several other prefs in the last few days. Do you still see it as a healthy pullback is is there something more serious afoot ?

[skyship] 30/5/2019 12:34

nerja - just a small and healthy pullback in a strong uptrend - see similar in May'17:


free stock charts from uk.advfn.com

[nerja] 30/5/2019 11:15

I cant figure out why the prefs have been slipping slightly of late when the yield curve inverted and gilts/treasuries yields are dropping, tempting to top up GACA but the what's going on is stopping me.

[skyship] 02/5/2019 15:11

Comparison Update following recent strength in the Aviva prefs:

Here are the current offer prices:

AV.A - 152.0p - Yld = 5.75%
AV.B - 142.7p - Yld = 5.87%
GACA - 149.0p - Yld = 5.96%
GACB - 132.4p - Yld = 5.95%

Unsurprisingly GACA was the best performer over recent days; and remains marginally the BEST BUY.

[skyship] 23/4/2019 08:58

Personally I get my higher income from REITs rather than infrastructure funds (as per the discussion on the AV.A thread). I hold:

# AEWU - 91p - Yld 8.79% - NAV Disc. = c9%
# HCFT - 900p - Yld 5.83% - NAV Disc. = c25%
# RGL - 105.5p - Yld 7.63% - NAV Disc. = c9%
Average Yld = 7.42%

It's now quite a long time since I posted my regular yield comparison tables on the Aviva/Gen. Acc. prefs. I was lucky enough to have been out at the time of the redemption scandal.

Anyway, I see that the sps have perhaps not recovered as much as one might have supposed; especially in view of the recent turnaround in rising interest rate expectations.

Here are the current offer prices:

AV.A - 149.6p - Yld = 5.85%
AV.B - 138.0p - Yld = 6.07%
GACA - 144.0p - Yld = 6.16%
GACB - 132.0p - Yld = 5.97%

With AV.A & GACA nearest to the next XD dates (6th June), GACA is clearly the pick of the bunch at the moment.

I've bought back in at 144p this morning.

[rrr] 24/9/2018 13:42

That's really awful, sorry to hear it.

[rrr] 24/9/2018 13:14

Many thanks CC, that makes sense.

[cc2014] 24/9/2018 11:54

6% is only good if the bond price doesn't fall and erode your capital.

As bond yields globally and in the UK are rising the premium GACA offers at 8.875% is being eroded, thus the share price falls.

[rrr] 24/9/2018 11:33

Anyone any suggestions as to why the steady decline in SP? Yield over 6% looks good.

[spectoacc] 13/9/2018 16:34

Thanks both, reminded me to put mine in - didn't go for the "broker deal with it" option, since only one offered & that had a deadline miles before the helpline opened.

[rrr] 13/9/2018 16:32

Have had ours into HL and Halifax.

[speedsgh] 13/9/2018 15:22

Letter received today from KPMG confirming payment has been made to my broker account under the Aviva Goodwill Payment Scheme. Letter dated 10 Sept, funds to be received by broker in next 3-5 working days.

Circa 3.5% of payment made (the Additional Amount) is classed as Gross Interest for tax purposes.

[spectoacc] 20/6/2018 15:18

That number has just an automated message, saying KPMG still working on it, expected to have details by end of July 2018.

Fine, but Selftrade have just written to me giving me until 29 June to send the claim in via them.

Yes, the Aviva website has more, quite a bit more, but it's raising more questions than answers, with no one at the end of the line to answer them:


(Click on "Read the Full Terms & Conditions of the Scheme")

5.2 seems most relevant - I can't work out what the offsetting "Gain" is all about. And I'm not signing the waiver (oh yes - you have to sign away your rights irrespective of further details emerging) until I have an answer.

Nothing from other brokers yet, to my knowledge, nor any indication whether the money "lost" (£5k from ISA) goes back into ISA. The requirement to give bank details suggests not. Via another broker the loss was in a SIPP, and the compensation to me sounds like an illegal draw-down if it's going to appear in my bank a/c.

All questions to ask someone at the end of a telephone, not listening to an automated message set on repeat.

Aviva and KPMG - apt bedfellows.

[rik shaw] 01/5/2018 12:42

Telegraph includes contact details:

Aviva has set up a helpline dedicated to the preference shares payout: 0800 046 8988
Lines are open between 9am and 5pm from Monday to Friday.

[cwa1] 30/4/2018 07:22

IMPORTANT:-

[mac15] 23/3/2018 10:55

Good backstop on these now Aviva committed in writing to honour them at “fair market value” whatever they do. After this fiasco they probably have to be more than fair, so if anything current position is more favourable than before their ill fated announcement. Any redemption of the irredemable will now need a big sweetener! Mark Wilson formerly known as “the redeemer” has badly burnt fingers.

[davebowler] 23/3/2018 09:56

Well done Mark Taber.