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Roadshow Announcement - HIGHTOWN HOUSING ASSOCIATION
in New Issues
Retail Charity Bonds PLC today announces a roadshow together with Hightown Housing Association Limited to meet with professional fixed income investors.
Retail Charity Bonds is an issuing platform enabling UK charities to raise medium term debt finance through bonds issued to retail and wholesale investors and listed on London Stock Exchange.
A sterling bond will follow, subject to market conditions.
Retail Charity Bonds is an issuing platform enabling UK charities to raise medium term debt finance through bonds issued to retail and wholesale investors and listed on London Stock Exchange.
A sterling bond will follow, subject to market conditions.
Comments
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13391987.html
See Oliver Butts views are quite bullish even though he admits the coupon is a tad shy. Have to wait and see i guess if the offer is indeed still open in the morning. If so maybe worth a 2 -3 year view as long as the belief is there will be no/little price slide below par.
Oh my Goodness! With RPI inflation just shy of 4 % as well, and heading up? No way!
I can think of better ways to lose money.
Selftrade showing bond opening yesterday at 1230 and closing yesterday at 1513 or so - impossible to put in order as , unsurprisingly when you try, it says it hasclosed.
Spoke with them just now (1030) and they say they are aware and are working on it, and to check back later.
Placed an order this morning with You Invest, smaller than usual as I already have some of the previous issue. The yield is not exciting, however neither are the yields on the majority of my fixed income securities, in particular those maturing 2019/20 (around 3%, some much lower eg WKP1 = 2.57%).
With general market yields still falling as indicated by my Preference share holdings, which continue to provide good unrealised gains (BOI, ELLA, NTEA etc).
Have been placing money with infrastructure funds, however the risks ( & rewards) are greater. Past year infrastructure investments have had a mixed performance
Probably retain the new holding for 3 years.
Main concern is political, will the next Government be left-wing labour?
September new vehicle sales (poor) may indicate that we are now seeing the 1st real effects of the decision to leave the EU with perhaps gloomier economic ahead!
Safe, but dull new investment in Hightown
First of all - many thanks to Oliver for his write-up. The high standard of his analysis, prose and wit still makes these a real pleasure to read and a tremendous help in the making the decision as to whether or not to purchase
Mrs Woz and I have been buying most of the recent four to four and a half percenters, as we think it likely they will continue to trade at or just above par for a year or two yet, and as long as we are keeping an eye on the price, we should do better than putting the money in a one or two year fixed term deposit account.
By the way - Selfrade have now sorted themselves out and it is possible to place orders on line. As I have said before, it is useful that you can go on line anytime up to the close and delete or modify the order -obviously being aware that a lot of these recent issues have closed early
We have had confirmation that we will not be involved in the Hightown Housing Association Retail Charity Bond 4% due 2027 IPO, therefore we will not be offering this product through the web platform.