Gen.acc.8se.pf Discussion Threads

[papy02] 09/10/2023 20:01

A lot bigger drop here than NWBD. (Though that had already dropped).
INVR hasn’t moved the opposite direction yet (fingers crossed it will! )

[aishah] 09/10/2023 18:22

Yes, I have sold up here now. Prefs under pressure

[wmb194] 09/10/2023 18:03

It'll be to do with rates. They're down across the board and not just the Aviva/GA issues e.g., RSAB, STAB is now below par.

[alphorn] 09/10/2023 17:59

GACB also dropped.

[badtime] 09/10/2023 17:39

Off a tad ...rate 'worries' or associated with AV takeover rumours?

[davebowler] 30/8/2023 14:47

Good point! Very unusual for ordinary div.s to be reduced too!

[wmb194] 18/8/2023 10:13

As I type, the yield on GACB, ex-d along with AV.A on 07/08/23, is 7.24%.

The historic yield on the ordinary shares (AV.) - 11.1p interim (ex next week) plus 20.7p final - is 8.35% at 381p this morning.

Different beasts and I own both GA prefs and the ordinaries, but a much tighter bid/offer spread, the better yield, possibly better opportunities for capital gains, far better liquidity and worries about further rate increases have me leaning towards the ordinaries at the moment.

[davebowler] 18/8/2023 09:54

7.58% yield!

[cwa1] 21/7/2023 17:23

Again, decent volume today with 2 or 3 decent sized trades, one for 250,000

[cwa1] 19/7/2023 16:45

Respectable volume gone through today...

[magnets] 07/7/2023 09:59

Small (<250) orders appear to be filled at around 2p higher

[skinny] 07/7/2023 09:12

Well those whole 408 shares that formed the uncrossing auction price, mean that today's opening looks like a sizeable fall!

[cassini] 07/7/2023 00:25

Ah, OK, they fixed it but the price went to 116p maybe 10-15 minutes? before the close according to the chart in the header I saw (just after the close, so I am confused how the UT can affect anything prior to 16:30, but I don't suppose it was real or tradable.

[jonwig] 06/7/2023 18:00

The UT trades at 4:35 determine the closing price and can often send false signals.

[cassini] 06/7/2023 16:41

Another artificially high close it seems...

[cwa1] 23/6/2023 09:07

Yes, that sounds correct langland and I noticed the artificially high close yesterday myself and thought: "that'll be back down tomorrow"

[langland] 23/6/2023 09:04

It is down because it had artificially high close yesterday. Current bid/offer spread is same as it was all day yesterday.

[alphorn] 23/6/2023 09:00

Price dropped as expected.

[flyer61] 22/6/2023 13:52

Or it anticipated correctly 0.25 plus 0.25 rises and has digested the fact they both came together.

[cassini] 22/6/2023 13:25

Market anticipated the Boe rate rise already probably.

See how it ends the day.

[alphorn] 22/6/2023 13:05

Hl giving 'no change' on GACA pricing per above graph too. Strange?

[hindsight] 19/6/2023 20:17

stansmith1, in event of default subordinated debt will be bailed in. Presumably par will be a starting point for relative allocation of CEs. Whether it makes any difference depends how bad things are at the resolution date

[stansmith1] 19/6/2023 18:38

hindsightwhat do you mean about a bail in at par...?

[hindsight] 19/6/2023 10:33

yes nerja the tier 1 capital ratios are in a different world

[nerja] 19/6/2023 10:19

I think banks in the U.K. in particular are in much better shape than 2008 plus it’s the government that will take the biggest hit if the housing market goes, they give all the silly guaranteed 25% deposits out so the banks won’t be hit anything like last time from the housing side at least.