Stand.chart.8q% Discussion Threads

[starpukka] 26/9/2024 16:47

Fair enough, guys. I wasn't aware prefs always fall by the exact divi on ex-div date; and I should have been as I own and have owned a few. As an aside, if you buy a stock the day before ex-div day in a spreadbet account (even @ 4:29pm), you get the divi paid to you after close of business the same day. It's a risk but I have had a few (not prefs) that have not dropped and even risen the following day......and I've sold for a free divi. This can backfire though, ha ha.

[cwa1] 26/9/2024 15:18

starpukka

Because the next dividend day will come round soon enough? Because it was available at an attractive rate post the XD date? Because money became available then?

I think there all kinds of perfectly valid reasons...

[dope007] 26/9/2024 15:17

I bought these at a 7.3% yield. Waiting for ex dividend on prefs ain't really worth it as they fall by exactly the dividend which you can re-invest.I bought SAN ex dividend as RSAB got bought in so sold them a couple of days before SAN went xd so bought them xd.As rates fall I will and do have capital gains alongside a strong income stream.

[starpukka] 26/9/2024 15:10

Hello Dope. But why not buy something where ex-div date hasn't just passed ?

[dope007] 26/9/2024 13:59

I bought for income in a falling rate environment

[starpukka] 26/9/2024 13:24

If you buy this stock 6 months or so before the next divi, you must presumably hold the view that the share price is going to rise within that time; or why buy ?

[return_of_the_apeman] 20/9/2024 10:57

Have also added at 123.75 today for a yield of 6.67%

If the base rate only fell once in the next year, I reckon the total return would still be 10%+

I would have probably picked a different one at a higher yield, however I would have had to call up ii to buy those and as its in the wife's name it might have been a bit tricky 😅

[dope007] 20/9/2024 07:35

Just added a small amount at 123.6 I think it was. Decent yield with falling rates still

[jong] 12/9/2024 16:19

XD today. 4.125p per share payable on Tuesday 1st October.

[my retirement fund] 01/8/2024 11:57

Off to the moon here :)

[dope007] 23/7/2024 08:54

I am close to retirement also NSB and that is the soul reason I have bought some prefs.

SAN, LLPD, STAB, STAC GACA at an average yield of around 7.3% for me is a good and hopefully stable long term reliable income. That is assuming no more tender offers which is a distinct possibility.

[my retirement fund] 23/7/2024 08:50

At 75 points reduction from my many years as a holder of a range of prefs will support and strengthen the share price and make any redemption offer more likely to be then be more generous than it would otherwise have been.

[north sea boy] 23/7/2024 08:28

Thanks for that view Dope. I was considering selling these today to buy RIO on the drop, but think I will just hold for now. Best wishesNSB

[dope007] 23/7/2024 08:26

The prefs should rise. I hold a few different ones now bought in the last 12 months with an average yield between 7 and 7.5%.

As base rates drop the prefs should rise a little as people buy them for the improved yield over cash. I personally think fixed interest products are a decent place to be at the moment if rates start a slow and measured decent.

The main thing to watch out for is tender offers for them. I have had 2 now. Bristol and West, followed by RSAB more recently. Done well out of both and recycled the money back into other prefs.

[north sea boy] 23/7/2024 08:19

I bought an initial holding of STAC into my ISA this spring after they went ex-div. Just for the regular income now that I'm retired. Does anyone have a view from past experience of how the price might be impacted, if say, base rate drops from 5.25 to 4.5 over the next 6-12 months? Thanks, and best wishes,NSB

[nerja] 23/7/2024 08:01

Well two 100 million trades yesterday, what is going on?

[dope007] 18/7/2024 11:39

Just added a few more at a smidge over 120p giving a close to 6.9% yield

[my retirement fund] 25/6/2024 08:44

Probably fat finger, supposed to have been 200,000.

[nerja] 25/6/2024 08:12

The trade is on the LSE dated the 23rd at 19.00 XOFF, really is WTF

[nerja] 25/6/2024 07:58

MRF, I wondered what the issue was, it’s very strange to say the least

[my retirement fund] 25/6/2024 07:49

There's only 100,000,000 in issue.

[nerja] 25/6/2024 07:23

Would think there has to be an rns issued for that size of a trade

[nerja] 25/6/2024 07:19

Largest trade I have ever seen on a pref

[cwa1] 25/6/2024 07:18

It's a good question. BIG trade. Definitely wasn't me :-)

[nerja] 25/6/2024 07:12

Ok who just bought 200.000.0000 of these?