Lloyds Grp6.475 Discussion Threads

[4spiel] 28/6/2015 12:51

If you hold some ordinary shares then you get a small premium of the ordinary dividend in your mix. this all assumes there is no serious correction so one needs to be very measured. After all it really depends how much the whole euro- system will be affected by a Greek failure. i think one needs to weigh up whether the D series with higher yield makes small interest rate rises of little significance or if bearing in mind previous retracements it can be relied upon. Of course whilst there is a wish amongst central bankers to raise rates there is no urgency for them to do it - in fact to the contrary. it may be that the way this will resolve is when asset prices become so hysterical that the whole system is shorted VIOLENTLY to reality. with that in mind I tend to lower priced holdings that have not so far to fall- but is that timidity -you have to be brave !

[loki666] 27/6/2015 13:50

Even if interest rates rise in 2016 it will only be in the range .25 to 1%. Llpe is yielding about 6%, I think I will continue to hold

[pvb] 26/6/2015 21:43

The possibility of the imminent ending of years of falling interests rates?

[loki666] 26/6/2015 11:01

Its been dropping very quickly over last couple of months, anyone know the reason why?

[4spiel] 25/6/2015 12:07

Well is it the Greeks ? Obviously it does not help but it has not hindered the equity. Lloyds particularly exposed to Greece ? Rather a UK domestic bank only really susceptible to a property slump. Is LLPE more vulnerable to interest rate rises than the C or D issues ? Sometimes in the past it looked so but for in my opinion no good reason. when interest rates rise this stock is numerically more compressed it's not very far from par if that is hypothetical with prefs except to say there is a call on these in 2024. Very likely Lloyds will see the coupon on these not as burden-some as the others and just let it run its course - so some grounds for treating it as more bond like. having said early ex date with these in August when it might reach closer to 100p. But it's not very far from the Ordinary share price which will catch up here quicker than the others -might Lloyds decide to tender for it -ordinary' plus a bit of cash. I added 500 today to my small holding at 106.I keep a ratio of 1 ord for each 2 of these.Well an individual approach that you like or you don't - Good Luck

[pvb] 17/6/2015 18:14

It were the Greeks wot dun it?

[pvb] 10/6/2015 21:05

Not any more!

[pvb] 11/5/2015 17:04

...and is still!

[pvb] 27/4/2015 16:41

Gosh! This is still going up...

[loki666] 21/4/2015 17:00

113.5p paid ?

[pvb] 11/3/2015 14:35

15 March coming up!

Although, as that's a Sunday, it will have to be Monday, 16 March.

[pvb] 16/2/2015 10:30

Bit of an "up and over" here. When is it xd? Soon, I think.

I see the 'four hundreds' are still going through!

[loki666] 01/1/2015 08:40

Many Thanks and Happy New Year

[pvb] 31/12/2014 19:44

No. This is about the ECNs that were issued as replacements for the various Lloyds preference shares at the time of the suspension of dividends. Many preference shareholders took up the offer and exchanged their prefs for the ECNs, which at the time offered enhanced coupons.

Much discussed here:

[loki666] 31/12/2014 19:30

I read the following article on the telegraph, does this relate to LLPE?

[4spiel] 13/8/2014 22:36

Bank of England now thinking like the Fed Lady that Labour market may have more slack. An often heard view is that rather than there being interest rate rises that will be rolled down the hill and QE run down even slowed. So you can eh as much as you like !

[4spiel] 04/8/2014 10:45

Eh? Sold yet ? I wanna buy yours dook !!!

[4spiel] 03/8/2014 12:56

Prospects improving for a Lloyds ordinary share dividend -should it worry us ? Very welcome but will take a few years to build up steam given a fair wind that you cannot bank on. Even if the dividend caught up with the LlPE coupon in 5 years you might be able to buy more at cheaper price. Having said an equity slump in a couple of years could double or triple the value of the ordinary dividend -but maybe only temporarily. A call on these at 2024 but with no replacement-they pay or they stay -depends upon the circumstances at the time. Biggest threat to LBG is probably a serious retracement in UK house prices -they are well priced up now -but standing still for a few years would mollify this -if we could be so lucky. The important thing to say of LLPE is that the improving picture at Lloyds is reassuring for these. Even if Lloyds had the cash spare to tender at par there is not much to worry about. They could surely save a lot more money going for the C's and D's -when they could afford it-or issue new cheaper bonds to pay them off and unloading them at a haircut price ?

[zangdook] 04/7/2014 22:30

There was a tender offer of sorts on LLPD (ECN exchange). I still hold LLPD. I don't see how LLPD being more expensive for Lloyds than LLPE is a problem for me, as long as they can afford to pay. The return on LLPD is markedly better than that on LLPE at current prices, so (unless you want something which might be called at £1 but don't want to sell now at over £1) I don't see the attraction.

when did you sell out of BWSA

Years ago. I lost my taste for Irish stuff for some reason, apart from Guinness.

[pvb] 04/7/2014 17:10

Indeed this nauseating seller of 400 a time has re-appeared he/she /it comes and goes.

"400 a time"? That will be people selling off their Halifax preference shareholdings (as was) from the Birmingham Midshires BS takeover.

[4spiel] 04/7/2014 16:47

Yes eh indeed -when did you sell out of BWSA -at least 10 points below present( but that's 8.06%. I thought LLPE would go to 110 but it may have peaked just below.To be honest I have sold a few to hang on to some profit from 75.Indeed this nauseating seller of 400 a time has re-appeared he/she /it comes and goes. Last time that entity got fingers burned and these went on up -maybe 'it' got back in ! But I am not predicting much decline here and I would treat a sensible decline a possible le buy opportunity -we are entering a more volatile period that requires 'vigilence' if not 'strong' so -as the French gentleman used to say.But there is not too much reason to expect too much downside yet because of deflationary tendencies still evident in global economy. So all this talk about what central banks will/might do creates opportunity but also increased risk.The global economy is tending towards recovery with geopolitical hiccups so over -ramped bonds will suffer. This one not so much this one even with the antics of the 400 seller who hopefully once again gets poked back into a shell.