Sant Uk.10te% Discussion Threads

[madmix] 13/2/2023 18:31

Can anyone confirm whether the dividends are currently getting paid at the full 10.375%, or net of tax, at 9.33%? I'm particularly interested in the situation in an ISA.

[north sea boy] 13/2/2023 18:29

Thanks very much for this prompt and helpful information; bought a few of these for first time today. Thanks againNSB

[cwa1] 13/2/2023 17:00

XD is 9/3 pay day is 6/4

[north sea boy] 13/2/2023 16:56

Can anyone please tell me what the ex-dividend and dividend payments dates are for SAN, or perhaps direct me to a site that will provide this information?ThanksNSB

[hindsight] 06/2/2023 10:28

Brought small top up friday but couldnt get the prices you quote, was 143 - 4.30 = 138.7 + costs

[langland] 02/2/2023 15:19

There is quite a discrepancy between SAN and SANB. Both have same payment dates but sanb seems to be yielding around 6.8 while san is still around 7.5 even after a bit of an uptick today. I reckon it should be trading best part of 10 points higher. I have bought more today.

[my retirement fund] 02/2/2023 11:25

Excellent results reported from the parent company today, cet 12% taking into account impairments and the business throwing of astonishing profits from a diversified global portfolio.

[my retirement fund] 02/2/2023 11:22

Still yields 7.6% when deducting the 5 months accrued from the average cost of purchase including costs £1.37 via AJ Bell

[feverfan] 26/1/2023 23:52

Given the Aviva prefs issue and censure by the FCA as well as general condemnation from capital markets, for me, the risks of a forced cancellation or something like that at anything below the current market value, are low. It would take an extremely brave Board given what happened to Aviva. Google the IA GUIDELINES ON THE REDEMPTION OR CANCELLATION OF IRREDEEMABLE PREFERENCE SHARES. This talks about having regard for fair market value. Now it’s not regulation, so a firm could ignore it. But again, I’m not sure an underhand cancellation of “irredeemable” prefs at £1 would pass sign off from Compliance, Risk, or any NEDs…let alone the Exec in the first place. Tender like Lloyds did recently at a reasonable premium seems more likely. Just my view.

[kev0856153] 20/1/2023 20:05

Just trying to act as a conduit for some learned discourse on this financial instrument.

[kev0856153] 20/1/2023 20:02

I'm a holder

[stansmith1] 12/1/2023 12:37

There are many reasons why they wouldn't force it through, I think the point is that it would relatively easy for them as these things go compared to other securities as they hold upwards of 60%... My concern would be higher interest rates dropping prices to where they can pick them up at par, especially with 2026 fast approaching....

[hindsight] 12/1/2023 10:47

Its a rather different situation if they make an offered exchange / price than a forced exchange / price
NBWD and LLPC/LLPD made a tender offer, which I accepted gladly
The only one I have been forced by is Lloyds ECNs........so far

[stansmith1] 12/1/2023 10:29

i did find the post but it had no official link re steves comments, my post # 149 shows that they exchanged 30% of them as early as 2009....

[my retirement fund] 12/1/2023 09:24

stansmith, sorry I cannot find the info from santander, unless ive eyelashed passed a para in a long report? Have you got a link to the lemonfool article you mention ?

[stansmith1] 11/1/2023 21:51

i managed to find thishttps://dl.bourse.lu/dl?v=uNxE2X/dNeG+t5hGAMR272v/xl4ToZTXyKnc5h/PbyGj+4lKtcasgHjqiJjxwG0BRuBrCySSk0ICB1P3iu13HvAL2VdeDGKjrlCpg+t+RvNITIgzUNsM6qJfmdYVjWhN56kMT7zURT87CTCFVH3BtAtvrs9d/mIl4cuEhrZf7Ut/4Hg73ZvGatQD6f3qyH8Llooks like they exchanged 1/3 of them in 2009 for starterslooking through their news items over the last ten years they have been busy in this regard with other securities, unfortunately i cant find a link to the other 27% bit i have no reason reason to doubt bruncher from lemonfool who has been posting accurate info for 25years going back to the motley fool

[steve3sandal] 11/1/2023 21:13

Nothing here either. SAN issue and redeem instruments all the time but nothing doing with these Prefs, ….thank goodness.

[stansmith1] 11/1/2023 19:28

as far as i am aware san made a filing in 2018 that they had repurchased 60% of the 10.375 prefswhy are you so sure that is not the case?

[steve3sandal] 11/1/2023 18:35

I’m pretty sure San haven’t purchased anything here as their institutional holders would know what was going on and certainly not settle for 130something.
Hold tightly. Not advice!

[stansmith1] 11/1/2023 11:18

Not off hand sorry, pretty sure its on one of the Lemonfool threads let me know if you dont find it and I will have a look tonight.

[my retirement fund] 11/1/2023 11:14

Can you point to text that states they repurchased 60%?