Lloyds Grp 9.25 Discussion Threads

[chillpill] 04/2/2018 08:29

I bought a lot of equity/bond prefs in Barclays, Lloyds, General Accident/Aviva and Ecclesiastical post GFC.

Thanks to QE my gains have exceeded all expectations...with very little risk.

I have in last month sold all holdings as you don't want to be long the yield curve right now.

[holts] 30/12/2017 15:00

Dont think so it was discussed on fool quite a bit though, I guess quite a number of us bought , didnt have the funds to buy in that size though .

[my retirement fund] 30/12/2017 10:53

Yea but surely he had inside info on that one?

[holts] 30/12/2017 08:43

Trade that sticks in my mind was Wshak buying large the BOI 13.375 at about 35p .

[my retirement fund] 05/12/2017 09:14

All seems ti make the Lloyds ords look somewhat lacking.

[kirkie001] 05/12/2017 08:32

I'd hazard a guess that's one of your better investment decisions! ;)

I bought at about 70p on the way down; at around 40p (I think), and on the way back up; last purchase at about 130p. Never sold a single share.

Currently giving me £2k a year tax free in an ISA.....if Carlsberg made preference shares......

[p@] 04/12/2017 19:36

p@20 Jan '09 - 14:02 - 6 of 895 0 0 Edit
Just bought some of these,hope they are now turning.



price 40p...lol

[aspex] 30/11/2017 18:21

P O'R (post889) As I recall when the GFC hit Lloyds the high interest pref shares were an overhang from taking on HBOS? My attitude was that the British Govt was not going to let it all fail ("Too big to fail") Later even with the low LLPC/D price they suffered a further drop when the EU declared they could not pay dividend for two years. The price drop just happened to equal the exact dividends lost. This was a huge buying opportunity (low 60s)
All I know is that my 80k shares cost well under 100p each and the dividends subsequently have been well allocated to other growth opportunities.

[whitestone] 30/11/2017 17:50

jonwig maybe.

I think the whole Brexit mess is such that pref. holders who in “normal circumstances” would have switched are currently reluctant to relinquish the safe pref. dividend stream for the promise of more “jam” tomorrow.

I expect a final ord. dividend of ~2p making 3p for the year, rather than the 3.5p currently being suggested…We’ll see.

[alphorn] 30/11/2017 16:58

Whitestone - "rather than seek to fight last year’s referendum".

How would you suggest to do that?
........especially without a vote now.

[alphorn] 30/11/2017 16:48

Capital gains also depends upon what price you bought! ;))

[jonwig] 30/11/2017 15:59

whitestone - yes, but in scenario a) (post #887) LLOY's dividend (and sp) rank below the prefs.

[whitestone] 30/11/2017 15:20

Looking at other BB’s where posters seek to look at and profit from the possible financial consequences of Brexit rather than seek to fight last year’s referendum result then the case for switching from the prefs. into the ords. has been advanced for the last few years.

I must admit I’ve considered it. Currently the yield on the prefs is 5.4% or so and that prospective yield on the ords. is ~6.5-7.0% if the postulated 3.5p final dividend materialises.

Capital gains considerations do affect matters of course but even so ………;

[pierre oreilly] 30/11/2017 13:19

still yielding 5.26%.

i'm so pleased i went with my own view all those years ago when several posters thought i was mad buying these at 73p in 2009.

There was an element of risk at that time, but it seemed worth taking to me.

Still an excellent buy at 176 imv, for income seekers.

[alphorn] 30/11/2017 13:11

The 6.475's not moving so much?

[jonwig] 30/11/2017 12:48

The market senses ...

a) there will be a serious UK recession thanks to Brexit,

b) interest rates will be back down,

c) Lloyds will cope, because the BoE says so.

So LLPx are at least a hold ... I think!

[holts] 30/11/2017 12:47

Look at OBRS webpage all the info there

hxxps://www.fixedincomeinvestments.co.uk/preference-shares-prices-details-finance-sector-gbp-denominated/

[stepone68] 30/11/2017 12:07

iWeb are usually one day late, but actually I thought payment was due yesterday, hence why I posted. Is there an official source of payments on the Lloyds website anywhere?

[holts] 30/11/2017 11:59

I lie , just looked again llpd there now

[holts] 30/11/2017 11:57

Selftrade always cough up on the day , however today only llpc has arrived , llpd has not .

[loglorry1] 30/11/2017 10:27

Divis due today but they normally take a couple of days to show up at brokers. Lloyds pay then the broker has to divide them up into nominee accounts.

[stepone68] 30/11/2017 09:56

Were dividends due today? No sign of them in my iWeb ISA.

Thanks.

[loglorry1] 30/11/2017 08:02

I'm a buyer. If anyone wants to cross at mud price please Pm me.

[folderboy] 30/11/2017 07:23

aspex - thanks for responding. Have also contemplated selling but LLPC have done me very well and, at present, not sure where I would place the funds. The income, today, prompts me to leave this alone - at least for the short term.

[aspex] 30/11/2017 07:18

Folderboy, just a rejig of my portfolio toward capital growth and if interest rates hike the value will fall a bit from these highs.