Lloyds Grp 9.25 Discussion Threads

[aspex] 15/2/2016 08:23

OK. So that is irrelevant to LLPC discussions.Incidentally I am told that Lloyds must pay an ordinary dividend before they can enter the market to buy back prefs. I am not sure how that stacks up.

[my retirement fund] 14/2/2016 18:40

I was referring to lloyds blindsiding holders

[aspex] 14/2/2016 17:58

MRFYour 804?How has Lloyds buy back got anything to do with LLPC?These can only be bought by Lloyds in the market at full market value. They have no influence on what the EU decides. The circumstances that caused the original EU decision no longer exist.

[pvb] 14/2/2016 17:04

Interestingly, LLPE seemed to rise as the banking situation worsened. And then dipped down a bit when things returned to normal. (If they have!)

Alternatively, it's all meaningless noise. ;-)

[my retirement fund] 12/2/2016 13:43

Well in the case of lloyds its bad loans have been sorted out so no distress but its earnings could fall with negative rates.I think if you wanted LLPC it may be an idea to drop the FCA an email to ask the following:Dear FCAIf you decide Lloyds preference shares are to complicated for consumer retail investors and ban them from trading in them and then Lloyds senior management discuss their intention to force holders to redeem them all of which creates a depressed market price. Then Lloyds go on to make me a derisory offer or redeem then at par. Then later do so claiming obvious mistakes in a historic prospectus. Can you confirm if you will protect me or simply ignore me and dismiss all opportunities to help me?

[jonwig] 12/2/2016 13:33

Bank ordinary shares are signalling distress (BARC, anyone?) and there's no doubt bail-ins would be imposed. Sub-bonds and prefs first in firing line. What the EU imposed in 2009 could be repeated.

The prospect of negative interest rates is more damaging even than for higher rates. At least higher rates suggests a more "normal" economy.

[pvb] 12/2/2016 13:15

Maybe they are scared the bank want to be rid of them?

[my retirement fund] 12/2/2016 12:58

Seems some muppet wants out so on offer at 132.1p - there is a smigen over 2.3 pence accrued in them so thats 129.8p Yield is just over 7.1%

I guess someone is expecting interest rates to rise hard and fast along with all the inflation you can eat and more?

Personally i'm expecting very low interest rates that wont rise hard and fast for a very very long time indeed and the possibility of further deflation rather than a mass of inflation.

but then what do I know?

[p@] 24/8/2015 16:59

Bought some of these today,6% basic tax paid yield.136.2p

[holts] 14/7/2015 12:46

Also over the last few weeks declines have co-incided with cannacord offering quite a number of prefs In reasonable size.

[hindsight] 14/7/2015 11:46

For the long end of the curve the worry must be they dont raise rates fast enough

[jonwig] 14/7/2015 11:34

Carney has just said first rate rise is closer (at Treasury Select Committee hearing).

US may raise in September, but kiddy steps from then on.

[jonwig] 14/7/2015 06:35

All the prefs (financials, anyway) are down more-or-less together: same as in June.

Interest rate jitters. When the first small rate rise happens, there'll probably be very little further reaction, as it will have been priced in.

[aspex] 13/7/2015 20:49

Why the sell off?Any connection to the sell down of the main shares?

[aspex] 24/6/2015 10:30

Getting out of step with LLPD which is less liquid as it is only one third the size. However Mr Market knows best, I suppose.Que sera, sera.

[redartbmud] 23/6/2015 15:44

Consistent selling has set in for now.

[tiswas] 23/6/2015 15:35

A bit of weakness creeping in?

[jonwig] 18/3/2015 07:35

Well, I've never seen any accrued interest adjustment on any contract notes for preference shares.

Should I complain to my broker?

[aspex] 18/3/2015 06:48

Hard to justify selling these. Bought at 77, 121 and 127p and still happy with yield. Wished I had been in lower still. The original ECN offer for other Lloyd products ex HBOS was always too risky despite the premium rates offered. Just had to wait a while for the resumed dividend which had been built into the price. If you consider that the yield will not drop too much until the BOE ups the odds by 1.00+%. How long will that be?

[envirovision] 17/3/2015 23:14

3 pence accrued in the price now, if you sell you get 151 less 3p i.e. equiv 1.49 which is a yield of 6.2%

If you try to sell SAN you get 152.2 and it has less than 0.2p accrued. Thats a yield of about 6.13

However SAN is the higher quality pref so I guess that accounts for the additional 0.07% yield ?

The market is presently very efficient.

[soi] 24/2/2015 05:55

Hi Adam

Interesting, I`ve actually a fair chunk of these, started buying a long time ago and must admit was giving a little thought to selling or slicing some as you say the yield down to 6 % now, still OK but maybe better overall opportunities for income and growth elsewhere.

Hi Monty
I have some ECNs, held a long while, am annoyed at what Lloyds are trying to do.I`ve had a decent income from them, was also in capital profit, now I am net flat on cost.

Cheers

[montyhedge] 16/2/2015 10:06

Prefs looking good, poor ECN holders might get screwed by CEO to justify his £7 million bonus.

[adamb1978] 16/2/2015 10:02

I didnt hold much of these (unfortunately) as I dithered on the way in, however decided to sell them last week. Reason being that the yield has now dropped to a shade of 6% so getting very near to a bunch of blue-chips and, around 150p, I felt that there was much greater downside potential than upside.

All the best for holders
Cheers

[tiltonboy] 11/2/2015 19:15

All prefs rose, possibly as the outlook for interest rate rises diminished.

[adamb1978] 11/2/2015 18:59

Anyone know why the price jumped in Jan?