Lloyds Grp 9.25 Discussion Threads

[redartbmud] 09/3/2018 09:32

Financially Criminal Authority.
You must be joking, never around when the little guy needs protection!

[kenny] 09/3/2018 09:26

See my comments on the AV.a board at posts 326 and 327 which explains the "trick" Aviva are using. Need to review the exact terms of all other preference shares issued by UK incorporated companies to see if it applies in those instances.

[nerja] 09/3/2018 09:10

MRF you have got big ones, good luck

[westcountryboy] 09/3/2018 09:07

These are surely worth some consideration at 132.5 to buy. Even if they are eventually redeemed at par, for which there is currently no evidence whatsoever, it will take a long battle and in the meantime you would expect dividend payments to be continued at 9.25%.

[tiswas] 09/3/2018 09:05

So is this panic mode or a buying opportunity?

I assumed irredeemable meant just that, but maybe I have got that wrong.

[my retirement fund] 09/3/2018 09:04

Its not zero trades. They are simply not printing the transaction now to keep us in the dark. Ive just bought a shed load of LLPC around 132.

[folderboy] 09/3/2018 09:01

Thanks - it's one heck of a fall on zero trades! Similar falls in Santander 10% and Standard Chartered 8% prefs - again no trades and again guess who holds a fair few.

[aspex] 09/3/2018 08:58

Yes I pulled out of 40000 each of LLPC LLPD.Do NOT panic as the buy back affects only the ordinary shares.The IRREDEMABLE Prefs are exactly that so their value is purely an interest play and like the Ords will be bought or sold on the market value.However eventually interest rates generally will rise. My decision was based on the fact that the next rate change is up so to get the yield to rise the price must fall but not yet. The price before today was very 'toppy' but not dangerously so.Best of luck anyway.

[folderboy] 09/3/2018 08:41

I bet you are pleased . . . those of us, very, heavily invested here are a little less sanguine - well panicking actually.

[aspex] 09/3/2018 08:39

Irrespective of the reason, I am very pleased to have liquidated last month. Lloyds cannot force the buy back so any drop is not caused by pressure from them.

[jonwig] 09/3/2018 08:30

It's definitely a knock-on from Aviva's threat. But it occurs to me that Lloyds would have redeemed these by now if they could find a way!

[folderboy] 09/3/2018 08:26

Is it just ADVFN? You know I think it may just be.

[folderboy] 09/3/2018 08:26

Is it just ADVFN? You know I think it may just be.

[folderboy] 09/3/2018 08:22

Can't get a price to sell (not that I want to!)

[nerja] 09/3/2018 08:21

Its get out of all the prefs time for safety, if one gets away with what Aviva are planning they all will, san sanb stab stac etc

[drsous] 09/3/2018 08:16

Aviva are going to buy back their preferreds

[tiswas] 09/3/2018 08:14

What's happening here?

[folderboy] 09/3/2018 08:13

I have very clearly missed something with these. Excuse my, extreme, ignorance but could someone explain the dive today. I assumed ex-div - will now look but down 13%+ !?

On zero trades.

[my retirement fund] 08/3/2018 11:48

Looking at results there comes a point in time that threshold is crossed and it may very easily be now. However in the teeth of a severe down turn mortgage and credit card defaults would rise significantly and the tables could easily turn again.

[chillpill] 08/3/2018 09:23

I've taken the view that the equity is now better value than the debt so bought into the higher future yields. Not for everyone but am prepared to take the additional risk.

[my retirement fund] 10/2/2018 08:24

If that proves correct interest rates are unlikely to have scope to rise very far at all.Personally I've felt all along we have moved into a world of ultra low interest rates on a permanent basis simply as a function of macro economics of maturing western economies as lower population growths and technologies reverse historic monetary trends, a la Japan.

[jonwig] 09/2/2018 08:58

Events in the past week look to have wrong-footed me on my view in post #904. Maybe, but the air needs to clear a bit. This is from AEP in today's Telegraph:

Mr Congdon, one of the few economists to have issued crystal clear warnings before the Lehman crisis based on monetary analysis, said the money supply is currently cooling across much of the world. “We are undoubtedly going to see a tapering of global growth in 2018 because of the actions already taken by central banks to reverse QE. I don’t expect a recession because central banks will have to change course once they see the numbers weakening,” he said.



That's more or less my opinion still.

[alphorn] 06/2/2018 08:56

Cash may be king but which currency?