Gen.acc.8se.pf Discussion Threads

[skyship] 20/8/2009 13:45

Trade Execution only online; but will have to phone in my buy order should I decide to go for one of those FP bonds......

[dope007] 20/8/2009 13:33

Would need to be looked up. Doesn't your broker know?

[skyship] 20/8/2009 13:30

Anyone happen to know the redemption Date & approx. price for the FP 6.875% Tier 1 debt?

[dope007] 20/8/2009 13:08

Will check later but I they pay up in July I think it is but looking at your 2 prices they look like they will come out the same overall.

My stock was bought from Winterfloods mm.

[envirovision] 20/8/2009 12:55

Dope FP 85UG Bond (FYI often quoted in 100 blocks but always traded in 1000 lots):

Purchased 10,000 85UG with TD waterhouse at 57p yesterday was charged 135days interest and stamp duty

Just purchased anouther 10,000 with iii at 60p and was charged 56 days interest and no stamp duty

Theres something fishy about this, maybe you should check what you were charged. Have we any idea of payment dates?

[dope007] 20/8/2009 11:58

Just realised I missed off the price for the FP. bond. It was 60p and I have edited the original post.

[jaws6] 20/8/2009 11:27

Do not forget to check free trade in self trade till 4 sept i think . so make sure u check and use it for 3 free trade.

[dope007] 20/8/2009 11:23

no idea. My broker did it in my ISA for me. After all was done with the few deals I did today and yesterday my ISA value is the same but my yield has jumped up :)

[envirovision] 20/8/2009 11:02

did you pay stamp duy?

[dope007] 20/8/2009 10:16

Just sold some of the AVIVA 5.9% tier 1 call date 2019 at 69p and managed to buy 5000 of this FP. one at 60p for the 6.292% call date 2015 which increaces my holding of these. That has seen me sell a yield of 8.5% for a yield of 10.5% which I am happy with.

I just wonder wether Resolution will look to call some FP. debt early, especially the expensive stuff like this when it resets.

[cerrito] 19/8/2009 20:26

Good to see a discussion on the FP bonds which I bought early May
I have the call on 30 June 15 when they go to 5 year gilts+ 278
I have not accessed the prospectus and I made my decision based on page 97 on the last annual report
one reason I bought was that I have enough fixed rate paper and wanted to have exposure to 5 year gilts when the rates reset
of course we may get paid out at 100 but have not factored that in
I have no idea of the price. are in my barclays account and bought them without much difficulty paying 45 Barclays has the current mid price at 56.4 so they have not risen as far or as fast as bank preference paper.
not sure if I should be perturbed by the Resolution takeover and if that will weaken the credit

[envirovision] 19/8/2009 17:53

I agree bet you wish you got some at 29p, dope can you let me know if they are liable to stamp duty for some bizare reason, did you pay any.

[dope007] 19/8/2009 16:25

There already has been an offer on them when they were dirt cheap. The offer was rubbish and they now trade above that offer. I would have though the resolution takeover may lead to another offer at some point if they want to tidy up the capital structure.

[envirovision] 19/8/2009 16:25

Just one question, im not supposed to pay stamp duty on FP. bonds right?

[envirovision] 19/8/2009 16:24

I suspect once they start to reach 70, then theres wont really be much else worth buying of quality in any case, so you think 2015, they should be called at par or we may even get an early offer in the interim, lets see what happens. GACA moving up today, an interesting overlay ANLA. Simply over lay the two graphs on a 5 year time scale, you will soon see where GACA will be heading.

[dope007] 19/8/2009 16:20

Yes that is the one but I think the call is 2015 on them. Like I said I paid 46p for them but they fell as low as 26p to buy which was incredible. The aviva one also hit 30p!!!. The upside on capital to call is reducing with them and I would say anything in the 70's on the Aviva one would be a reasonable sell price. But that depends on haveing a good replacement for it and your view on inflation.

[jaws6] 19/8/2009 16:14

Dope
You might get bit more then that on sell .

[envirovision] 19/8/2009 16:11

are FP. 6.292% Tier 1 debt - Call 2014 got 10,000 of them at 57p well worth holding till 2014. Market is not very clear you need to put a strick limit in.
interest 135 days £232.72

[dope007] 19/8/2009 15:55

Prices are up again then for the 2 bonds. Not far away from me thinking about selling on the Aviva one if it is 68p to sell since the yield on the sell price is sub 9%

[jaws6] 19/8/2009 15:55

Dope
Thanks for info , but might buy GACA instead.

[jaws6] 19/8/2009 15:51

I am not buying because can not see on my data but price is 68 73 and 57 61.
I would rather buy cpba at 59.5 so still work out cheaper and can see price. but from now on not buying stocks which i can not get on my data or alert.

[dope007] 19/8/2009 15:36

I believe the ISIN number is XS0222395468 from this list

[dope007] 19/8/2009 15:32

Friends Provident. I paid 46p for them yielding around 13% but they fell as low as 26p!!!!!

[jaws6] 19/8/2009 15:32

Dope
Please tell me whats code . on protrader i can not get some prices for bonds so try not to trade without on screen . its not in Collins Stewart list either.

[envirovision] 19/8/2009 15:30

I've got 120K of these at an average price of 99p, fantastic pref share cumulative quality quality quality.

So whats FP. ?