Gen.acc.8se.pf Discussion Threads

[stansmith1] 08/11/2022 20:45

if not, we could set one up?

[stansmith1] 08/11/2022 20:36

is there a board on advfn devoted to bank/insurer prefs and maybe other interesting high yields bonds? would be great to discuss/compare all these in one place? back in 2009 being ahead of the game proved very valuable when there was an apparent mis price going on, pi's beimg ready could jump on the bargains....

[cassini] 08/11/2022 15:24

I'll wait and see I think, before buying anymore.

Having waited until last week (113/114p) for an opportunity to buy in, I suppose I have been 'timing the market' somewhat, but I don't think I'll have exactly nailed the bottom on pref prices so I'll attempt to sit back and see which way the wind is blowing for now...

[cc2014] 08/11/2022 15:18

haha - well the institutions who are passing all these shares to PI's must be buying something they feel is better value.

I'm wondering how many PI's there are left at this level. The buying is much weaker today.

I'd like to say I'm waiting for par here but right now I honesty can't see that even though I'm really quite pessimistic about the market overall and especially the BOE's ability to talk down inflation, because the UK's central bank is now the Fed and they are not for pivoting yet.

We shall see, the market is very fickle at the moment, swinging around on once piece of data and then swinging back again. I'm thinking GACA is not a bad price but I do wonder whether the share price is able to withstand 5 losing days on the Dow. Well it won't, but you all know what I mean

[return_of_the_apeman] 08/11/2022 14:49

Buying at 112p gives a yield north of 7.9% + throw in 4.4375p for everyone that buys before the end of the month

Anyone found a safer 8% yield :-)

[nerja] 08/11/2022 14:01

Groan indeed, my llpc ,Llpd are also down a bit. Want more but reluctant might be best wait until xdiv see how low it goes then.

[cwa1] 08/11/2022 13:52

Under 112p to buy again. Groan. Resistance is futile...

[cwa1] 07/11/2022 18:04

Hmmmm. That is indeed respectable volume. Certainly big by normal GACA standards

[my retirement fund] 07/11/2022 17:26

Huge volume today

[hindsight] 07/11/2022 16:51

Surprised to get 20k in the auction, time will tell

[return_of_the_apeman] 07/11/2022 15:31

MRF - just fortunate timing; no brokery pokery

[jt35] 07/11/2022 13:43

42TE trades with clean pricing so whilst the coupon is due in a month if you bought now you'd pay 11months accrued interest on your purchase.

[holts] 07/11/2022 13:27

Aishah,

There is BOI giving 7.99% at current price .

[wmb194] 07/11/2022 09:55

@MRF: The offer has ticked up. iWeb was also quoting me 112.13p a little after the open.

[my retirement fund] 07/11/2022 09:41

That 45.8K buy was a bloody good deal then you must have a good broker. Who? AJ Bell can't better 113.25!

[aishah] 07/11/2022 09:24

Any views on 42TE where an 11% coupon is due in the next few weeks?

[nerja] 07/11/2022 08:50

Has it turn, will wait to add further until I see a blue day finish.

[return_of_the_apeman] 07/11/2022 08:44

Bought 3rd and perhaps final tranche of 45,872 at 8:26 but trade not showing yet - looks like this might actually be turning

[crt131] 06/11/2022 12:41

Apart from this one (GACA), are there any other pref's that appear to be in bargain price situations?

[hindsight] 06/11/2022 10:23

Oh dear brexit has reappeared, lets blaim Carney waffling on radio 4 the other day. I would also add there is total GDP and then there is GDP per capita. The latter in UK has roughly tracked Germany.

At least we now know Carney cant do maths and after overseeing the ecn case, fear his successor is no better
What im disappointed in, is the lack of red tape destruction in the uk. And as for dealing with hmrc ..........

[danieldruff2] 06/11/2022 09:38

It's because it's full of old dudes :-)

[cwa1] 06/11/2022 09:35

I had almost thought we had managed to get past the point of threads disintegrating into Brexit mud slinging-but I REALLY hadn't expected it on the GACA thread!

[danieldruff2] 06/11/2022 08:58

The real pain of Brexit for individuals will come when we get a wave of retirees not on a final salary plan who cannot afford a decent life in the UK. The escape route of moving to a cheaper European country has been closed off. There was an episode of Panorama many years ago showing some OAPs doing this, one guy went to Latvia and lived handsomely off his state pension, even took up the waterski!

[skyship] 06/11/2022 08:51

stansmith - re yr innocently delusional 575 above. There is an old adage if you gasp when you here something purported to be fact - go to factchecker, snopes whatever - check it out before you spread a lie.

Yes, you did hear it - from Mark Carney of all people; and he has been widely condemned and ridiculed ever since:

FACTS:

Country............2016 GDP ($bn)..........2021 GDP

Germany..............3.470.................4.223

UK...................2.723.................3.187

%age..................78.5..................75.3

[my retirement fund] 06/11/2022 07:06

Well they didn't look at my business. I used to have a healthy branch to my business importing and selling specialist electrical control products from the Netherlands but had to stop doing that as it was too onerous tracking each individual product from them for import duty categorisation from country of origin of manufacture and the shipping and admin costs with it, plus the change in warranty support when it became impossible to send products back for repair or have free replacements sent out and credit notes instead. Basically this business has been taken by a wholesaler in France now who ships to the end customer plus a very large UK supplier who seems to have had the resources to absorb the costs better than I possibly could. Yet to speak to a single business that has benefitted from Brexit and from what I can see any who did have done so on the back of a larger demise in smaller businesses. It's just total madness!