Lloyds Grp 9.25 Discussion Threads

[aspex] 02/11/2012 08:19

jimbox1,
It was not Lloyds that suspended the divs. It was a EU directive but maybe Lloyds did not mind it happening as it saved them cash.

[jimbox1] 02/11/2012 07:57

With Lloyds core results beginning to look sound, the possibility of another suspension of dividends on the prefs is looking increasingly remote.
I wouldn't be surprised to see the LLPC yield go under 8% even after ex-div next week.

[aspex] 02/11/2012 06:46

Look back at post 686 (May when the price was 90) and I was looking for 20p+
I had bought in low 70s so had a vested interest, I guess.

[harmonics] 02/11/2012 06:12

wow, I never thought they would go this high, although, I shouldn't be surprised really as they are still yielding 8.5% at this level.

[gary1966] 23/10/2012 12:17

Nice bit of publicity for LLPC.

[aspex] 23/10/2012 09:40

Still climbing and dividend ex in two weeks.
No obvious reason for any nervousness because they cannot buy them in without paying the ordinary dividend.
Also holding LLPD but had those for much longer and less than 30p gain (37p including the dividends)

[p@] 07/9/2012 14:14

Lloyds TSB 9.25% Preference Shares
The provisions of the Lloyds TSB 9.25% Preference Shares will provide, among other things:
(i) that dividends will accrue at 9.25 per cent. per annum, and will be payable in arrear on
31 May and 30 November in each year, save that the first dividend payment will be made on
31 May 2009 and will be 4.625 pence per Preference Share; and
(ii) that the Preference Shares will be irredeemable instruments.

[gary1966] 03/8/2012 20:51

Looks like the seller that has been around this last few weeks has finished. Hopefully the share price can continue to firm up as it is nice to hold the capital value whilst getting the 10% yield.

[harmonics] 01/7/2012 07:52

Who cares about the SP, take the 10% PA and smile!

[p@] 21/6/2012 09:47

Lots of buying in the last few days,can't stay at this price much longer IMO.

[p@] 19/5/2012 09:01

Alun-"high risk"
Depends how much you believe the 'Too big to fail' story.

[alun rm] 18/5/2012 09:53

I have made and then lost a fair bit on bank prefs over the past couple of years. I came out of the experience about all square. I think I went into the trade with a naive view on just how screwed up the financial system really is. The elections in Greece have once again swung the spot light on the vulnerability of the banking system, hence the drop.

It should be clear to all holders that dividends could be suspended at any stage in what is a slow motion car crash. If they are then the current price will seem like a fantasy. I rode this down into the 60s last year and it was a painful experience. It could easily re-visit that territory in the coming weeks, as the Euro disaster plays out. No doubt the politicians will kick the can and things won't seem as bad in 2 or 3 months, but in the meantime, expect a volatile ride.

This is a high risk trade, and don't let anyone persuade you otherwise. Personally, I would not be overweight on any bank prefs at this time.

Good luck to all holders.

Alun

[horndean eagle] 18/5/2012 09:40

Resumed dividends are not such a huge deal to Lloyds. Only costs them a few hundred million a year. Peanuts in the grand scheme of things. Can't see them switching them off so soon after starting them. Especially when they have taken huge hits on their Piigs exposure already.

[bisiboy] 17/5/2012 16:40

it seams odd to be off loading these just as the dividend has been reinstated.

[the other kevin] 17/5/2012 11:16

Collins Stewart have a bundle to sell at 88p

[soi] 11/5/2012 11:07

Just quoted 93.00 to buy, tempted although already hold a fair few.
Superb yield in my view.

[harmonics] 10/5/2012 19:35

If I were not so heavy on LLPC I would buy more.
A non-redeemable yeilding a constant 9.6%, you won't get that down the high street!
Can't see much downside either, maybe I should buy more?

BTW - Dalsiders - running yield, I am ultra long with this stock, not too bothered about a high SP, I prefer stability.

[catcheemonkee] 10/5/2012 09:13

Just been offered some LLPC at 93.45p, well within the quoted spread of 92.5 - 97.00.

[holts] 10/5/2012 08:30

Collins stewart are trying to push out another 500k .

[eeza] 09/5/2012 18:56

Sp dropped because they went XD today.
Good time to buy IMO.

[mbu69] 09/5/2012 18:47

Well i bought another 10k today, a little soon in the day by the looks of things ....

I'm quite tempted to buy more when i get the next batch of cash to spend in my sipp.

Am being stupid ? are people worried that the payments will be suspended again ?

[aspex] 09/5/2012 10:51

With the dividend confirmed and out of the way perhaps we shall see a more comparable price to other prefs. Dividend is unlikely to suffer anotherimpost so these should be up to 20p higher in the medium term.

[catcheemonkee] 09/5/2012 10:01

Indeed. Taking out the 'dividend rush' of the last few days, LLPC's share price is only back to where it was a week or so ago. So, yes, I'm happy that I've 'snaffled' the divi in respect of some recent, but not yesterday, purchases.

[kirkie001] 09/5/2012 09:06

And only down by 3.5p - would have been expecting 4.625 had it been the exact amount of the dividend.

Definitely positive!