Exc ellent letter from the FCA to all issuers of Irredeemable Perpetual Permanent Everlasting Eternal shares etc
Premier Oil PMO1 at about par is also worth considering at 6.5%
I know you said you had the usual suspects but possibly you might not have the odd one above, or, as happens with me at times, haven't considered them lately
I'm getting a higher figure than that using spreadsheet and XIRR - but easy to make a mistake
I look at these daily and am so tempted, but I already own half the company
Ex Div date is in May I think ?
I agree with your Note for the Future
In fact I suspect we all have had this lurking at the back of our minds - I had made a decison to slowly retreat from irredeemables/perpetuals, but all the time thinking that the fall back position would…
I think the main factor here was the institutional investors holding both ordinary and preference shares, plus the fact they also hold the other well known suspects (Lloyds,Santander, Natwest etc etc) and despite the feeling of a strong degree of sa…
There is identical one for GA Prefs
Wewll donen Mark Taber plus everyone else that made out the case for private investors
First of all, thank you Oliver for the write up - as always, very much appreciated.
I had wondered whether you might be making a comment about the goings on over at Aviva, but I see youv'e got bogged down in compliance.
I ducked out of the previ…
I had been looking at these a few weeks ago and decided not to purchase, and so hadn't been checking recently, so thanks for this
I had made a rough rule not to buy any more perpetuals (aka non-perpetuals since a week or so ago !!)
However, I am…
I emailed Standard Chartered for any details on their two Preference Shares STAB and STAC and got this reply back very quickly:
You can find them listed on our website
Cheers - yes have been following PMO1 before and right through re-structuring. I have a better feeling towards them as a company than Enquest which is why I ended up putting more with them then the former.
My feeling was to wait a few more m…
.I still haven't taken the plunge on buying any of these bonds - I have shed loads of PMO1 (by my standards) so was re-thinking about Enquest again
Assuming no problems with their production facilities worldwide, or political upsets, whether they w…
Yes - very very slight diff as I paid 1.1199 plus Stamp Duty and used settlement date as 2 days on
15 Mar 18 112.54995
1 Jul 18 -5.37500
1 Jan 19 -5.37500
1 Jul 19 -5.37500
1 Jan 20 -5.37500
1 Jul 20 -105.37500
A million thanks for checking as …
Getting more like what you said using the calculator on this web site, - still can't find error in my XIRR cal. (which I have used before and got almost identical results to the online calculator) Still happy with YTM for just over 2 years th…