Nat.west 9%pf Discussion Threads

[lord gnome] 09/11/2012 14:08

My thoughts exactly p8. Happy to say that I bought my first lot at just 44p and then doubled up at 56p. Sometimes you just get lucky :-))

[pollen8] 09/11/2012 14:05

LG - Well IC would have been a lot smarter if they had published the article a couple of years earlier. The facts were the same, except for the share price and the yield.

[lord gnome] 09/11/2012 12:43

Basically that it is a safe-as-houses income play with an inflation busting 8% yield at current prices. The divi is a 'must pay. It is linked to the profitability of NWBD which in turn is ring-fenced from the turmoil at RBS. There is no likelihood of redemption to erode capital. They could find no real negative.

[montyhedge] 09/11/2012 12:28

What they say?

[lord gnome] 09/11/2012 12:23

Good write-up and 'Buy' tip in today's IC. It certainly hasn't done any harm to the share price.

[lord gnome] 07/11/2012 16:56

That horny chart is a thing of beauty.

[p@] 24/9/2012 11:02

Could this bank be formed around Natwest?

[bubble pricker] 31/8/2012 15:02

yes, you are right, 5th of September. Was till half asleep when I calculated it.

[cwa1] 30/8/2012 16:30

5th September.

[bubble pricker] 30/8/2012 14:54

ex dividend date is 4th September

[wirralowl] 29/8/2012 16:12

LOL CWA1! Don't worry, I'm old enough and ugly enough to take responsibility for my own investment decisions, but appreciate the steer in this direction...

According to my info, record date is 7/9, so as you say, the ex-divi probably is next Wed 5th:


RNS Number : 7024K
National Westminster Bank PLC
23 August 2012

NATIONAL WESTMINSTER BANK Plc

DIVIDEND ON SERIES A NON-CUMULATIVE PREFERENCE SHARES OF £1.00 FOR THE SIX MONTHS TO 16 OCTOBER 2012

The Directors have declared the specified dividend on the undernoted Series of non-cumulative sterling preference shares of £1.00 each for the six months to 16 October 2012. The dividend will be paid on 16 October 2012 at the undernoted rates to holders on the register at the close of business on 7 September 2012.



Series


Dividend payable per share

Series A


£0.045

[wirralowl] 29/8/2012 14:58

Bought some of these today in an ISA. 4.5p divi due next month, and (hopefully) an ongoing yield of around 8.57%. Thanks to CWA1, I think it was, who alerted me to these on another thread.

[badtime] 31/5/2012 23:14

Ye well we all know that sometimes the baby gets thrown out with the bath water...if I was buying bank prefs this would b near top of my list

[bubble pricker] 31/5/2012 20:57

NWBD have to pay the divi so long as there are distributable reserves. NatWest is a self-standing profitable business.

[4spiel] 31/5/2012 00:47

I bow to your wisdom my learned Lord !I am sorry to have undervalued these -but I do reiterate this bank can stand alone-its without public money -it would be better removed from RBS !!

[lord gnome] 30/5/2012 20:37

Clearly the market doesn't agree entirely 4spiel. How on earth can you buy a pref yielding 9% (ish) which in my view is as good as a gilt in that the whole thing is underwritten by the Uk taxpayers? As you say, the have continued to pay out through thick and thin, so surely they should be changing hands at around 1.30 ish at which level they would still yield a very safe 7%.

[4spiel] 30/5/2012 17:14

NWBD are as good as cumulative because of Stock Dividend default.If RBS is broken up Nat West can stand on its own.Nat West have paid throughout the last 4 years. lloyds pay their dividends by printing new shares.Nat West have their own licence and pay dividends to RBS. NWBD is worth its premium.

[montyhedge] 22/5/2012 20:08

BOI 13.375% agree, bought some today 15% yield now.

[briggs1209] 18/5/2012 11:57

swapped some of these for BOI and LLPC. Yield difference seems to justify the risk

[bubble pricker] 18/5/2012 10:41

Bank subordinated debt and pref shares are taking are hammering again on the back of the latest Euro scare. This is a nice new buying opportunity