Gen.acc.8se.pf Discussion Threads

[rik shaw] 07/10/2010 22:01

12 Nov according to:

[eric gardener] 07/10/2010 21:19

can anyone tell me when do these actually go ex div?

cheers

[skyship] 22/8/2010 11:32

Hi Tilts....

There are so many differing views on global economies, inflation, deflation, interest rates, GDP stats, currency rates, stockmarkets, commodities etc.etc.etc.....

I suppose that is the main contributing factor to the see-saw volatility; so when the Markets start getting busy again in c4weeks, we could get some really dramatic swings.



Personally I find myself sitting on the fence, playing the momentum in a very limited way and not doing very well at it. Up c4% YTD in my SIPP and quite happy to finish this year at the same level.

I suppose if that scenario in yr post above bears out, there would be the most almighty collapse in the gilt market.

Do you think it might be time to take a few INXG on board - the inflation-linked gilt ETF?

[tiltonboy] 22/8/2010 09:46

This scenario would cause mayhem for irredeemables and longer dated issues:

[skyship] 13/8/2010 09:30

"scavenging for yield" - quite right, makes such a rise entirely possible IMO. It is also why I don't believe the gloom & doom commentators holding sway over the commercial property market at the moment.

There are some seriously atractive yields among the REITs & PICs; and with more than 50% of FDs anticipating rental increases this year (according to Bloomberg survey) the myth of rental implosions appears to have been exploded - if you get my drift!

[simon gordon] 10/8/2010 15:42

Tilton,

If we go L shaped, Japanese disinflation, and gilts keep trending lower, then I'd expect people would go scavenging for yield. If the 30yr got to 3.5% then 6.3% would be possible.

I hope it doesn't come to this, but the over inflation (property & wages) in our economy are still excessive and deleveraging still has many years to run.

[tiltonboy] 10/8/2010 15:05

..to give a 6.3% yield, I think highly unlikely.

[simon gordon] 10/8/2010 14:47

140p looks possible:

[skyship] 29/7/2010 08:48

Enviro - I think your last sentence says it all. Investment is all a matter of timing. Spread & marketability can be a hindrance; but if you get the timing right - no problem.... As it is, it would seem as though you made (inc. divis) c. 11% in 9 months - can't complain at that during a period when the market was going nowhere. Well done you - well done GACA.

[mac15] 28/7/2010 20:30

Thanks guys. The spread is a put off and not that easy to buy and "hold" due to the periodic bond market panics. However for next couple of years there maybe a capital gain if the recovery continues. Main Av shares probably a better bet. Other problem with these is that you can get locked in when the market panics and the MMs won't take "sells".

[skyship] 28/7/2010 17:31

Here we are - 5yrs inflation - averaging c.3%

[skyship] 28/7/2010 17:29

Don't have the chart, but I believe inflation has been pretty well constant @ c.3%.

[mac15] 28/7/2010 16:45

Is there a 5 year graph available for these with a plot of price against inflation? to see the historical real returns.

[zangdook] 28/7/2010 14:54

I never understood the sudden fall in May.

[skyship] 28/7/2010 14:50

Flat yield on GACA @ 110.5 = 8.03%
Flat yield on AV.A @ 112.0 = 7.81%
Flat yield on GACB @ 104.75 = 7.52%
Flat yield on AV.B @ 112.75 = 7.43%

Does rather suggest that GACA is disproportionately cheap - so I've added a few!

[skyship] 25/7/2010 17:25

Interest rates will remain at their current record low until 2014 as the economy staggers back to sustainable growth, the Ernst & Young ITEM Club said.

[skyship] 22/7/2010 10:34

With the increasing clamour for continued low interest rates, viz Bernanke yesterday, it is quite likely that the Aviva prefs will soon return to their Oct'09 peaks. I see that the Aviva 6.125% 11/2026 bond has now climbed to a 6.4% running yield (6.6% GRY). They used to stand at a discount to the pref yield - now at a significant premium.

[skyship] 01/7/2010 15:53

Both GACA & AV.A recommended by the IC in their cover feature - "The Search for Income".

[envirovision] 16/4/2010 13:23

Interest Rates: Goldman Sachs vs. Everyone Else
by: Streetwise Blog April 14, 2010

[envirovision] 26/3/2010 15:54

If theres anything you can count on its the aviva fixed interest dividend, as regular as a swiss clock

[jaws6] 23/3/2010 11:13

Divi dates news.

[skyship] 13/2/2010 14:15

Bt AV.B instead as they are on an 8.1% yield @ 103p. AV.A, GACA & GACB are all on 7.7% yields; so time to take advantage of an anomaly. See my post on the AV.B thread...