Gen.acc.8se.pf Discussion Threads

[tiltonboy] 10/9/2009 13:58

enviro,

85UG looking 62-64p at the moment.

tiltonboy

[envirovision] 10/9/2009 13:33

been quoted 70p for 85UG today

[envirovision] 10/9/2009 12:42

Right well clearly i sold a month later then soft lad.

[gary1966] 10/9/2009 12:08

Eurovision,

This is your post not mine and it totally contradicts what you have written above.


envirovision - 9 Sep'09 - 14:53 - 66 of 72

I'm sorry your wrong, I have been reading the thread since May, the iii threads and fool threads since march. w/c 27/6 EU reported one of its remidies was to with hold debt interest payments, then on 9/7 there were a couple of reports in the press going further. I sold my entire stakes in RBS and Lloyds prefs that week and switched and have advised others to do the same, had you followed my move, you would have saved a lot of money.

Regretfully your last posts can highlight just one thing, sour grapes imo, dont think theres anything else one could add, as for gary post, well your own dated posts proves what he is all about and clearly could not help himself getting personal there, no doubt hes one of those sickly road rage sorts behind the wheel. I dont think it would be wise to respond further to either of you, cheers.

GACA moving on up, should be 120p soon imo

Your words not mine and only yesterday.

Still waiting to hear if you are Kermit or Miss Piggy.

[envirovision] 10/9/2009 12:06

Rates stay on hold, every little helps, fx spikes up, nice gaca onwards upwards

[mac15] 10/9/2009 11:59

Well Gaca up 2 and now past av.a. With yield of course it should be but sometimes the market gets out of line creating opportunities to swap around. Point is to make money without getting hung up on particular sectors or shares. Banking prefs just look to complicated at the moment (for me!) as hard to fathom what the EU will do. However there are opportunities and just depends on your knowledge and risk tolerance. Over the past few months I have had days where I have wished I put my pref money into ordinaries and then other days when I wish I put my ordinaries money into prefs!. Terrific opportunities to build up an income stream that won't come round again for a while. Good luck whether your in bank prefs or platinum mines.

[envirovision] 10/9/2009 11:51

On all the lloyds i sold i have over 50% gains, of course you assume you do whats your name, muppet trader?

17 Aug 2009 SELL LLPD LSE 21417 89.00 19050.13 20BZWJ6
17 Aug 2009 SELL LLPD LSE 10324 89.00 9178.36 20BZWLP
17 Aug 2009 SELL ANLA LSE 19099 108.75 20759.16 20BZVBX

Prior to this and after this i was piling into GACA and 85UG etc up 10% allready, new years day will be nice, I have 130K gaca erm i should add i've still got a few tens of thousands of LLPG left, all +50%, i'm hovering on the sell button now but not sure any advice welcome muppet?

[gary1966] 10/9/2009 11:31

Ofcourse I do envirovision as you talked about the news on the 9th and you said you sold that week. The 9th was a Thursday and so I would assume that the latest you sold was the following Wednesday which was the 15th. From your termonology I would actually assume you sold in the week of the 9th which would have been by the 10th. Doesn't really matter whether it was the 9th or the 15th as all pref prices were only just coming off their lows.

So is your real name Kermit or Miss Piggy?

[envirovision] 10/9/2009 11:06

Yea good point isn't it, as muppet there has absoulutly no idea what i sold and for how much.

GACA gonna return to fair value by next spring or i'm a banana

[badtime] 09/9/2009 23:10

lol..gd points ther Gary

[gary1966] 09/9/2009 16:36

Enviro,

Not sure why we would have sour grapes as the prices are higher than where you sold at. In the case of LLPF they are up over £100 on where you sold or about a third if percentages are easier for you. NWBD are quite a bit higher and that is after they have gone XD to the tune of 4.5p. Other RBS hybrids have also had a good run over the summer. In fact looking at the historic price information you look as though you sold out just as the shares were coming off their low point in the last three months. Great timing. Have done it myself on other shares and not afraid to admit it. However at least I don't bang on about how wonderful I am when I get the timing totally wrong.

Hopefully not too many people took your advice to sell when you did. Maybe it is you who has the sour grapes and want to try and talk bank hybrids down so that you don't look such a fool.

[envirovision] 09/9/2009 14:53

I'm sorry your wrong, I have been reading the thread since May, the iii threads and fool threads since march. w/c 27/6 EU reported one of its remidies was to with hold debt interest payments, then on 9/7 there were a couple of reports in the press going further. I sold my entire stakes in RBS and Lloyds prefs that week and switched and have advised others to do the same, had you followed my move, you would have saved a lot of money.

Regretfully your last posts can highlight just one thing, sour grapes imo, dont think theres anything else one could add, as for gary post, well your own dated posts proves what he is all about and clearly could not help himself getting personal there, no doubt hes one of those sickly road rage sorts behind the wheel. I dont think it would be wise to respond further to either of you, cheers.

GACA moving on up, should be 120p soon imo

[gary1966] 09/9/2009 14:30

Enviro,

Here is your first real post on bank preference shares and particularly Lloyds taken from the LLPF thread.


envirovision - 4 Aug'09 - 15:04 - 579 of 1073

FX Bond if they did that, then that would put the knockers on them being able to issue future preference shares to shore up Tiered capital. It would also damage lots of other banks and societies at the same time. Since Lloyds recovery hinges on and is going to be soley reliant on market money support and confidence, then I hardly think they and infact the HMS holding managers would want to skip coupon or even stage a forced conversion without incentive do you. You see the whole business model is being managed to get away from and stay away from state ownership.

Looks like you were a big fan of them only a month ago as you were arguing the case for having them and why they were fairly safe.

[gary1966] 09/9/2009 13:30

envirovision,

You only came to the LLPF thread a few days ago so how the hell would you know who has sold up. Have read every post on the thread and I must be looking at a different one to you as people are saying they are buying more not selling. All the people that were on there back in May when it started are still there. LLPF price is moving up not down and so somebody is buying!!! Can't help you with your LLPG query as I know nothing about them.

People ignore this clown and read the thread yourself if you are considering buying.

[envirovision] 09/9/2009 13:07

Gary, i follow the LLPF thread, lots of holders have soldup there (including me) ok i take your point not everyone may be scared, but the fact is it will be a miracal if RBS or Lloyds debt holders got of scott free, and infact certainly very unfair to the tax payer. There is no way on earth you can say my opinion is "downright lies" and the ever falling market price of these debt insturuments tells you everything you need to know. On anouther matter, we do need a decent pref board here, the LLPF is a board full of people trying to convince themselves why they should continue to hold their lloyds and rbs stuff, the other day i posted a simple question and no one was able to answer it, why because because many of the knowledable posters have long gone thanks to the hundreds of posts there full of people worrying about their dodgy state owned debt instruments.

I rest my case.

[mac15] 09/9/2009 11:06

envirovision. I have 50% Gaca and 50% Av.a, both bought in low 80s. Annoyed I didn't switch my Av.a to Gaca when a 10% price difference appeared (now closed). However pleased not to be in Lloy or RBS. Liquidity is a big issue for prefs as at slightest sign of trouble the spreads widen and you could easily get locked into a total loss. I don't think Aviva is going bust so main threat is an inflationary spiral but think there will be time to get out at much higher than current price.
I have been watching RUS and RUSP since your highlight and considering small punt. Good luck with your holdings.

[sommet2] 09/9/2009 10:49

envirovision,
Like you I hold GACA and RUSP both of which offer excellent value.I have to differ with you on the Lloyds pref situation although I accept there is an element of risk. I only hold LLPF having bought much lower which probably explains my more relaxed position.For Lloyds it is a no brainer to swap these prefs into ord and compensate holders by giving them extra shares.There are of course many issues here but I can see a very nice capital gain which will then help me buy into other prefs such as the Co-op which are starting to look attractive.I would buy more GACA but hold too many already and need to spread my risk around.

[envirovision] 09/9/2009 10:05

mac15, we could do with a structured prefs thread like on fool, as one look at the llpf thread and its awash with thousands of posts from scared lloyds holders, so nothing else gets discussed. I not on Monday someone had to pay a premium to offer on 30K of gaca at £107.5 so you are right its not easy to buy lots of these at the momnent. I have a stable mix, 75% GACA, 15% 85UG, 10% RUSP. Like you I would not want to touch anything part state owned, there have been so many cases of people losing out this year it would be madness to even consider it, in all probability debt & pref holders of lloyds and RBS will be stung one way or the other, its just a case of how badly!

[dope007] 24/8/2009 09:12

Paid 56 days interest on the FP. bond mate.

[envirovision] 20/8/2009 14:29

Anyone noticed GACA is payed out after tax deducted at source, Thats net of tax at 8.875%.

net yield is not 7.93% it is 8.875% (unless your a higher band rate tax payer)

[envirovision] 20/8/2009 14:08

I know a bit more on this FP. bond code is 85UG, quoted in 100 blocks (quoted spred £52-£72) you will be lucky to get better than £60 per unit today they are improving all the time). Your broker will have to ring around all the dealer to find the best offer.

On 27 June 2005, the Company issued £500m of tier 1 debt (STICS), which bear interest from 30 June 2005 to 30 June 2015 at a rate of 6.292%. The STICS have no maturity date but will be redeemable in whole or part at the option of the Company on 1 July 2015, thereafter on every fifth anniversary of this date.

So you should not pay stamp duty and you should only pay interest from 30 June (56 days including T+3 settlement time)

hope that helps if you need to know any more just ask

[dope007] 20/8/2009 14:06

Ok Is the bond you want not on that link I gave above a couple of days ago?