Nat.west 9%pf Discussion Threads

[p@] 11/1/2012 14:03

Nice buying today.

[bubble pricker] 05/12/2011 17:19

There is a thread on these

[davebowler] 05/12/2011 13:56

Interesting article;

[morton2011] 10/11/2011 13:05

4spiel is probably confused as to the 10% tax credit which is part of how dividends are paid and is shown an annual statements etc



barclays stockbrokers credited my account with 4.5 p for every £ 1 on 18 October just for the record

[p@] 30/10/2011 19:55

Divs paid as in header,paid at 9%, basic tax paid by co.

[4spiel] 30/10/2011 19:49

Comments on this dividend appreciated.

[soi] 28/10/2011 11:18

Added a few more yesterday.

I also receive £45 per £1000 nominal every 6 months,no deductions nor should there be, same as Lord Gnome has explained.

[lord gnome] 28/10/2011 10:01

Price starting to recover as things start to look a bit more secure for the banks - and our dividend.

[lord gnome] 27/10/2011 23:36

4spiel - check your figures. The coupon of 9% on NWBD is tax paid so you should receive the full amount. If you aren't, then you need to ask questions. I receive £45 per £1,000 nominal of NWBD every six months - and very nice it is too. If you have £1100 nominal (i.e. 1.100 prefs shares of £1) then you should be receiving £49.50. If not, you want to know why not. Your stock broker would not stop any additional tax from your dividend payments. If you are a standard rate tax payer, then you have nothing else to pay. You would only pay more if you are a higher rate tax payer and even then, it is between you and the tax man. Your stock broker would not stop any additional tax that might be payable.

[4spiel] 27/10/2011 23:09

Pollen 8 NWBD is 9% coupon. That is £45 per K half yearly -I understand less 10% tax. Indeed I received £45 for 1100. Are we saying the same thing or not ? ! I would like to keep more of these but think myself lucky bought at 47p ! We are currently in a good rally but we all know that things (sentiment) turn very quickly like rocks from space. The only thing I have been able to buy recently is AZN with its low PE and good relatively safe divi.

[pollen8] 26/10/2011 09:22

4spiel I am not sure if you are referring to NWBD, the div is paid net of tax. Therefore £45 per £1k every six months.

[4spiel] 25/10/2011 20:16

I have apology to make -I received £45 for 1100 so it was less 10% tax !

[4spiel] 24/10/2011 16:25

Nice to get my full £45 per K Mr MIATA - unlike BBYB. Some are on the cloud cuckooland on here !

[cathian] 21/10/2011 15:56

Why buy bank prefs when you can buy, say, Aviva Cumulative Prefs with far less apparent risk. Yes the yield is lower but I think you can sleep more soundly at night as they are each only £100million issues. Or have I overlooked something?

[catcheemonkee] 17/10/2011 13:21

Sippdeal credited this morning.

[cwa1] 17/10/2011 12:14

Just been applied to my Selftrade A/c FWIW.

[papy02] 17/10/2011 11:31

iDealing have credited, Selftrade not yet.

[p@] 17/10/2011 10:32

Got my cheque over the weekend.

[catcheemonkee] 17/10/2011 10:29

I reckon it's today, too. It often takes a day or two to be credited to accounts by stockbrokers so no need to panic.

[zangdook] 17/10/2011 09:21

I have today for dividend payment - is that right? Can't find it anywhere on the RBS website and I don't fancy searching through 50 million RBS RNSs.

tia

edit: Prospectus says 16 April and 16 Oct, so I guess it will be today.

[zangdook] 13/10/2011 11:56

Compared to 2009, there's room for a bit more extremity.

[holts] 13/10/2011 09:03

Investment Week reports:

Invesco Perpetual's co-head of fixed income, Paul Read, has told investors now is the time to be bullish on bank debt in the UK, US and Europe, with valuations at three-year lows despite huge improvements in balance sheets.

Read, who along with colleague Paul Causer runs portfolios including the £5.3bn Corporate Bond fund, £299m Tactical Bond fund, and the £3bn Monthly Income Plus fund, has seen performance plunge across the range in the short term having taken a bet on bank debt.

However, Read said he expects the positions to come good over the next three years, as investors reward banks for the way they have repaired balance sheets.

"We are bullish from a fixed income point of view on a lot of the big northern European banks, the big US banks, and obviously the big UK banks," he said.

"The sector has improved a lot from where it was in 2008 and 2009. There has been a lot of deleveraging, so the average big European banks have come down from often 30 times leverage to 20 times."

He said the likelihood of impairments at banks the funds hold – such as Santander, Barclays, Lloyds, Bank of America and Commerzbank – is "very, very low", adding he sees extreme valuation opportunities in the space.

[miata] 27/9/2011 13:53

There are some other 'slightly dodgy' bonds that offer greater upside IF they are bailed out and some money may be leaving to invest in them.

Thus the probably unknown (to us at least) factor of what will get bailed out is making the market too volatile for accurate judgements to be made.

I would take the view that the risk/reward is favourable nearer 80p.

Consider NW-C (a larger issue denominated in US dollars) if you feel that Euro implosion is a significant risk.

Remember that these are priced "dirty" and the price will tend to rise a little to the next payment.

[pseudosphere] 27/9/2011 13:25

MIATA

Do you think these will go lower then? I topped up yesterday at 86p and my shareholding now provides a 10.53% yield which is fairly good in the current economic climate. Or do you think that the risks, despite these being cumulative preference shares are not fully priced in?

[miata] 26/9/2011 15:45

Not yet bargain time.