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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Real Est.Cred P | RECP | London | Preference Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 101.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 101.00 | 101.00 |
| Top Posts |
|---|
Posted at 21/9/2017 18:32 by boadicea Barclays paid out today - but still waiting for Shell (RDSB) divi from last Friday! |
Posted at 20/9/2017 19:26 by boadicea Anyone else still waiting for Barclays? (Assuming you can even access your account to find out!)Selftrade credited both dividend and capital promptly on Monday. Barclays credited the divi yesterday but merely show RECP as 'delisting' with no capital redemption in sight. It has just taken them (Barclays) about 10 days to credit a divi from FRES, and RDSB, due last Friday, is still awaited. Companies sometimes shoot themselves in the foot but rarely so accurately in the head. |
Posted at 19/9/2017 16:19 by yieldsearch investor_tp: yes correct, it is actually the same co that changed from qwil to reci (restructured into recp reci and residual).At that time, they were investing in highly leveraged positions in securitisations, similar to currently volta finance, carador income or fair oak. |
Posted at 19/9/2017 13:58 by stonesfan Thanks, Jonwig. Appreciate the response. Ords have a different, i.e. higher, level of risk I guess. I am not too far off retirement, so looking to reduce risk in my portfolio generally. Somewhat annoying to lose a relatively safe, decent divi payer like RECP. |
Posted at 18/9/2017 15:30 by holts cash received , RIP RECP . |
Posted at 16/8/2017 16:49 by yieldsearch Agree Reits are providing good yield but they are equity investment, unlike recp. a downturn in property market should quickly have a impact on their prices. I hope i am wrong but i dont really see much upside in uk property markets, so buying reit you clip a dvd but that dvd yield return can be quickly eaten away by share price decline.debt instrument similar to recp (and in my view with more risk than recp) i guess would be rusp, ella, gaca, bbyb. none of those are great |
Posted at 16/8/2017 16:07 by skyship bandit99 - well I sold RECP & bought RECI a few months ago - RECI perhaps still cheap on a prospective 6.95% yield, though also now on a 5% premium.I agree with Jonwig re the high-yielding REITs which have listed over the past 3yrs - though you need to be selective as IMO not all listings come with proven management. In this regard the best bet may be Ediston (EPIC) which certainly has the best management - very highly regarded in property circles as one of the few management groups to correctly read the last downturn in 2007. Also EPIC seems reasonably valued on a 1.5% premium and a 4.9% yield. |
Posted at 16/8/2017 14:24 by cerrito I feel I am saying goodbye to a long relationship. I first bought shares in QWIL-the predecessor of RECI- in January 2007 so have had a roller coaster ride. I sold RECI too soon earlier this year; I have had a good experience with RECP and a very good one with ERII. |
Posted at 16/8/2017 07:08 by skinny The Board of Directors of Real Estate Credit Investments Limited (the "Company") gives notice that on 16 September 2017, the Company will be redeeming all of its 44,962,834 Preference Shares (3,032,415 of which are held in Treasury) in accordance with the Company's Articles of Incorporation at a total value, including the accrued interest up to redemption, of £42.6 million. Preference Shareholders should note that:· the final amount due to Preference Shareholders will be £1.017 per Preference Share (the "Repayment Amount"), made up of (i) full principal redemption at par of £1.00 and (ii) accrued interest to the date of redemption of £0.017; · the Preference Shares will go ex-dividend on 24 August 2017; · the record date for the Repayment Amount entitlement and the record date of the final interest payment will be 25 August 2017; · CREST accounts of uncertificated holders are expected to be credited on 18 September 2017; and · cheques are expected to be mailed to certificated holders on 18 September 2017. Applications have been made to the Financial Conduct Authority, in its capacity as the UK Listing Authority, to suspend and to cancel the listing of the Preference Shares on the Official List of the UK Listing Authority. Applications have also been made to the London Stock Exchange for the suspension and the cancellation of the trading in the Preference Shares on the London Stock Exchange's main market for listed securities. The suspension will take effect at 7.30am on Monday 28 August 2017 and the cancellation will take effect at 8.00am on Monday 18 September 2017. The Repayment Amount due to Preference Shareholders has been calculated in accordance with the method set out in the Company's Articles of Incorporation. |
Posted at 27/3/2014 16:41 by the terminater Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend yield # Payout @ 114p delivers a GRY of 14.51% inc the dividend yield My bet is on 112p... Kenny 5 Mar'14 - 11:16 - 504 of 508 0 0 Many thanks Skyship. I already have an allocation in almost all the shares you mention!! This includes a large allocation of GLIF which I agree is looking very interesting, not least as the only means to invest, in the UK, in a spread of peer2peer companies. Most grateful that you took the time to respond in detail and would ask one further favour; whether you have any other growth ideas that are worth looking at? SKYSHIP 6 Mar'14 - 15:19 - 505 of 508 0 0 Hi again Kenny Given that quite a bit of thought. As you may have seen on previous occasions, I am pretty well wed to Private Equity; and it has proved to be a very happy hunting ground since I started the PE thread - and also before as I explain in the Header. Anyway, if you look at Post no.404 on the PE thread you will see I recount the case for Candover - CDI. I believe there to be plenty of upside still to come through 2014. Also they have come back quite a bit after the recent spike to 575p, so can now be bought at 540p for a 24.4% NAV discount. As another pure punt idea, take a look at what's been going on with VMP. The placing of 100m shares @ 0.75p would suggest that a buy at 0.62p into a new shell vehicle could reap good rewards on a small allocation play - punt money only! Kenny 6 Mar'14 - 16:59 - 506 of 508 0 0 Thanks Skyship, I will certainly research those. SKYSHIP 25 Mar'14 - 17:32 - 507 of 508 0 0 Transaction in own shares Real Estate Credit Investments PCC Limited announces that today it purchased 582,415 preference shares at a price of 106.713p per share. The purchased shares are expected to be held in treasury. The number of Preference Shares purchased represented approximately 1.32% of the total Preference Shares in issue prior to such purchases. Following the above purchase, the Company has a total of 43,380,419 Preference Shares in issue. The Preference Shares do not hold any voting rights. envirovision 27 Mar'14 - 16:35 - 508 of 508 0 0 Looks like another transaction judging from that trade, fwiw I sold my Mums holding today to buy some bwsa, she doesn't fancy the prospect of redemption in 3 years time now and its got to be likely they will appreciate in due course. RECI must be struggling to find anything worth buying in the real estate Mezzanine sector that not fully valued to be picking on their own debt yielding to maturity of 5.5% Kev0856153 13 Feb'14 - 08:50 - 498 of 508 0 0 Instead of buying even more of these Ive been looking at alternatives. Does anyone know anything about ELLA. These are Ecclesiastical Insurance 8.625% Non cumulative preference shares. 122p to buy. TIA SKYSHIP 13 Feb'14 - 10:56 - 499 of 508 0 0 Kev - I've held then in the past and likely to do so again. At 122.25p the yield = an attractive 7%. I rate them alongside the 4 Aviva prefs as they are all irredeemable. Personally I'm overweight BBYB & RECP as you have the ultimate protection of a maturity date. Though perhaps I'm being ultra-cautious as it certainly seems as though "normal" interest rates are still a long way off! Kev0856153 13 Feb'14 - 12:42 - 500 of 508 0 0 thanks skyship SKYSHIP 5 Mar'14 - 08:14 - 501 of 508 0 0 XD again today...2p payable 31st March. Kenny 5 Mar'14 - 10:10 - 502 of 508 0 0 Skyship, any other decent yielders you could recommend to consider where one is not paying lots over par? A little fearful of paying loads over par; just in case interest rates do rise in my lifetime! SKYSHIP 5 Mar'14 - 11:03 - 503 of 508 0 0 Kenny - Being in Income Drawdown mode at 7% from my SIPP; I deliberately allocate a 25% corner of the portfolio to secure maturing high-yielders. For me the key word there is maturing. So that corner consists of prefs with redemption dates - so underwriting against dramatically rising interest rates - however an unlikely proposition that might seem!: # RECP @ 107p for 6.10% GRY (XD today) # BBYB @ 121p for 5.03% GRY (current yield = 8.0%Net) # PCTZ @ 117p for 4.81% GRY I also hold IERP, but for me that is a low allocation punt! Also GLIF is an increasingly interesting proposition, in spite of the Simon Thompson piece in the IC lifting them 10% over recent days. And finally, if you don't already hold, do take a long hard look at ACD. Plenty of info on the active ACD thread. The payout to shareholders in 12months time will provide these possible returns: (NB - at ACD there are two dividends totalling c3.8p likely to be payable in May & September. The current NAV is 110.58p. The portfolio grew 9.9% in 2012 & 10.4% in 2013.) # Payout @ 108p delivers a GRY of 8.61% inc the dividend yield # Payout @ 110p delivers a GRY of 10.57% inc the dividend yield # Payout @ 112p delivers a GRY of 12.54% inc the dividend |
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