Rsa Ins. 7te%pf Discussion Threads

[castleford tiger] 07/10/2022 16:41

bought a chunk today at 98.50p for income in my ISA

Tiger

[cerrito] 04/10/2022 10:51

U thought RSA was a casualty insurance company

[my retirement fund] 04/10/2022 10:47

I'm guessing RSA are right ion the middle of the LDI blow out ?

[my retirement fund] 04/10/2022 10:30

Also risk attached. There is a premium for risk as well as forward interest rate curves. Coupon suspension or a wipeout is on the table again. As sadly we have already been reminded how government bonds can suddenly become illiquid and toxic in a matter of days or even hours where you have an irresponsible government sitting behind those bonds. The changes in laws post 2009 crises allows for both coupon suspension and bail in of prefs.

Hopefully the recent debacle will help wake a few idealists out there up who now may begin to realise its all very well supporting bizarre and fanciful political ideals, but these policies have a real cost to them.

[hindsight] 04/10/2022 10:06

Cousin Jack, Par could be relevant in the event that a company tried to redeem one

[cousin jack] 04/10/2022 09:27

Thanks both. I was getting hung up on the par price but I can see that, as Sky says, it’s the yield that is key. Will re-evaluate on that basis.

[skyship] 04/10/2022 07:33

CJ - its priced according to interest rates - being at par, a premium to par, or a discount to par is a total irrelevance. Currently a coincidence that the coupon rate is pretty much in line with the yields on most of the investable prefs. Just keep an eye on the yields of the Aviva prefs to know whether these are value or not.

[my retirement fund] 03/10/2022 21:23

Not really looks about right, I've bought some stab at par too.

[cousin jack] 03/10/2022 21:13

Now under 100p so certainly an attractive income share. However I’m wondering why, unlike other insurance prefs, it’s trading around par - and whether that gives cause for concern.

[badtime] 03/8/2022 17:27

Bought some last week I've covered the spread already

[rik shaw] 03/8/2022 08:36

The Company announces that the next dividend payment on the Company's 7.375% cumulative irredeemable preference shares of £1 each ("Preference Shares") will be on 3 October 2022. The associated ex-dividend and record dates are 8 September 2022 and 9 September 2022 respectively.

[badtime] 14/10/2021 16:38

Recovering some of its poise

[hindsight] 11/10/2021 14:49

Bank prefs similar fall
If % rates go same way as much, housing market get a shake

[skyship] 11/10/2021 14:23

The Aviva prefs also falling - now on a 6% yield.

[badtime] 11/10/2021 14:22

Continued weakness ..back of potentially higher rates?

[cwa1] 04/8/2021 08:08

The Company announces that the next dividend payment on the Company's 7.375% cumulative irredeemable preference shares of £1 each ("Preference Shares") will be on 1 October 2021. The associated ex-dividend and record dates are 19 August 2021 and 20 August 2021 respectively.

Dividend: in the gross amount of £4,609,375.00 / £0.036875 per Preference Share

Ex-dividend date: 19 August 2021

Record date: 20 August 2021

Payment date: 1 October 2021

[cwa1] 05/7/2021 16:26

Happy days

[badtime] 05/7/2021 14:19

Bit of strength in these recently

[badtime] 13/5/2021 19:17

Bit of weakness today

[badtime] 16/4/2021 16:20

Pleasing for sure

[cwa1] 15/4/2021 08:19

Well, the bid on RSAB has been gently, ever so slowly, nibbling up over the recent past. Nice to see :-)

[squeamish1] 19/11/2020 15:05

Why do we think the new buyer won’t let the dust settle and then return capital on the prefs?

[cwa1] 19/11/2020 15:03

Well, that hope that everyone would stampede for the exits and lower the price to somewhere juicy was clearly a bust!

[skyship] 18/11/2020 17:13

Hah! Good on you... I suspect VTA the absentee. Would have strongly recommended last week, but the 10% rise over recent days makes them less of a screaming buy...