Jup Ord. Share Discussion Threads

[skyship] 05/12/2022 13:35

sp - now might be the time to buy SUK2. FTSE100 looks overextended and reaching into historical resistance of major proportions. With the poor outlook for earnings, the idea of FTSE making new heights seems rather unlikely IMO.


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[starpukka] 04/12/2022 00:30

I hold GACA and NBPS in my isa. I guess there is little point holding large amounts of either outside of a tax exempt platform ?

ps- Sky and Gary, I'm glad I kept away from SUK2 during this mini-rally.

[drg] 03/12/2022 11:28

SKY - have found your fixed interest posts very useful - thanks, have learnt stuff I didn't know I didn't know!

[skyship] 03/12/2022 11:18

Exactly! Thnx Gary.

drg - the point is that longer dated bonds and irredeemable prefs may give you a higher current yield; but they are a hostage to the fortune of floating interest rates. If interest rates rise again - capital values fall.

Whereas with very short-dated maturing bonds/prefs, you have the certainty of repayment in short order. You may have a lower YTM rather than a higher current yield. But you have certainty.

I bought a load of GACA because I took the view that interest rates would fall from their recent peak. But I bought a load more NBPS for the certainty of the return.

[drg] 03/12/2022 11:06

OK - guaranteed return of capital on a fixed date then

[gary1966] 03/12/2022 10:49

Because as stated he wanted a short term fixed maturity date, not a perpetual. He also has a load of GACA already. I suspect that will be the answer.

[drg] 03/12/2022 10:35

sky - GACA is still on offer xd at over 7% so why NBPS?

[skyship] 03/12/2022 10:14

If you have cash sitting on your a/c and gaining no interest, then consider this (NB I've mentioned before; but I think not here).

Many have been buying bonds to park cash in the short-term. I bought a load of GACA, the Aviva pref, mentioned here a few weeks ago. But I wanted a fixed maturity for a larger sum; so really looking at a maturity sub 2yrs. Obviously YTMs are therefore quite a bit lower than longer dated corporate bonds or undated prefs.

I found an effective 2yr bond, very secure, with a very acceptable YTM.

NBPS is a Zero Dividend Pref share, the now sole one (another redeemed a couple of months ago) issued by NB Private Equity (NBPE). The pref is covered 17x by NBPE Net Assets. Matures at 130.63p on 30/10/24.

Possible to buy yesterday at 118.05p. That's a 23month gain of 10.65% and a yield
to Maturity (YTM) of 5.44%pa. An anomaly worth picking up in these unusual times. Only available perhaps because so far off the radar as to be invisible.

[skyship] 20/11/2022 14:07

Indeed - let's do that.

[sleepy] 20/11/2022 12:21

SKY - thank you for your response. Perhaps it would be best to leave the idea until you expect to be in the UK and reraise it then?

[sleepy] 17/11/2022 21:52

Arguably the JDT threads have just had their 20th Anniversary

I have enjoyed (and profited from) contributions over the years

Happy to try to organise (and to pay for) a 20th Anniversary lunch or Dinner for those who have been contributing on the JDT threads for more than 10 years (Others may apply stating their case to be included)

Ideas on location/restaurant welcome (France? Birmingham? Perhaps London would be generally more convenient?)

[starpukka] 15/11/2022 11:05

Superbly well done Gary. I really struggle with US stocks. They always seem so volatile and the ones I pick always seem to run away in the opposite direction and I don't have the knowledge or experience of us markets, and therefore the conviction, to hold on. So, I sell for a loss.

Prime example would be when I shorted Tesla.

[sleepy] 14/11/2022 13:43

Re 187 - SKY and Briggs - thank you both. The HL PIBS list in particular is very helpful. All other ideas gratefully received

[skyship] 13/11/2022 07:54

Sleepy - take your pick from the lists below. Personally I only want something very short-dated; so hold Severn Trent 6.125% - 83 NL. Pricing very inexact, so from personal experience place a Fill or Kill order. I ended up paying 1.5pts over the odds due to poor dealing by AJBell.



Gary - fantastic performance. Not many will end in the blue this year; even after the recent rally.

[briggs1209] 13/11/2022 06:49

CRS Crystal Amber Fund is being wound up. Not fixed income though. So far they are distributing cash via a series of dividends and the share price will theoretically start to fall as they continue.

[sleepy] 13/11/2022 00:18

Does anyone know of a high yield fixed interest security where a capital loss is certain ie it will be repaid for less than its current price) but the capital loss will be more than covered by interest payments?

[sleepy] 12/11/2022 23:50

SKY - thank you for your 180. Are there any others like the GACA?

[gary1966] 12/11/2022 22:07

Personally back to being 17.50% up for the year after a great November so far but had a torrid time from the end of the first week in June, when I was up around 23%, to the end of October.

[briggs1209] 11/11/2022 16:52

Pretty much flat for the year. Odd environment. Amazon lifting 10% yet nothing really to celebrate. Some better bargins in fixed interest sector - not 2008 bargins but getting closer to attractive.

[gary1966] 11/11/2022 15:17

Not looking to do so share price as all my money tied up and things coming back from very oversold positions in terms of my portfolio. I would also be wary of shorting the market at a historically strong time of year. For the last month, momentum has been to the upside with higher highs and lows. Now the mortgage has gone and because I have struggled to trade the markets I have sat back and just been happy to receive the income. The only thing I have done in the last 6 weeks was to sell KETL and increase my position in SBLK at $17.25 as the market is pricing all bulk carriers the same. If you take a look at SBLK you will see that it is a class apart. If you are interested there are a couple of great threads and look out for posts by Mount Teide. It is by far and away my biggest holding.





Hope everyone is well and enjoying life.

[skyship] 11/11/2022 12:42

sp - sure, maybe. But 1MCS, the FTSE 250 short may be a better bet; though not geared like SUK2 of course.


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[starpukka] 11/11/2022 12:10

Gary and Sky, is it time to go heavy again on a SUK2 ?