General Accident 8.875% Prf Discussion

testing html codes

Da Latta — Sun, 08 May 2011 05:23:00 GMT

italic
bold By Da Latta

Re: What do I not inderstand here?

lotuselise111S — Mon, 04 Apr 2011 09:34:00 GMT

I've actually gone for GACA.

If you work out the net return they are both about the same.

Also, GACB has already gone xd and GACA is due soon. By lotuselise111S

What do I not inderstand here?

Eugene Thomson — Wed, 30 Mar 2011 15:30:00 GMT

8.875% for this..buy at about 112....and for (GACB) General Accident 7.875% Prf, only 1 % less divi but a whopping 10% or so cheaper.

(GACB) General Accident 7.875% Prf easily seems a bargain and the best buy.

So where have I got it wrong ?

Replies appreciated. By Eugene Thomson

Re: price difference with AV.A

Zacchaeus — Fri, 21 Jan 2011 12:22:00 GMT

Just bought at 109, with costs still just 8% return By Zacchaeus

Re: price difference with AV.A

Brown Bull — Mon, 10 Jan 2011 14:34:00 GMT

I was wrong about the dividends: GACA's is bigger (8.875%) than AV-A's (8.75%).

Nevertheless my sums indicate that it's not really worth the bother of switching, given I've only got 2000 AV-A prefs. One for the big guys. By Brown Bull

Re: price difference with AV.A

Brown Bull — Mon, 10 Jan 2011 14:19:00 GMT

Sounds like a good idea in principle, selling AV-A for GACA. However the differential between the offer price for GACA (111.5p) and the bid price for AV-A (115p) isn't that big, once you take into account the fact that AV-A's dividend is very slightly bigger and the broker's commission on the sale and purchase.

I'll need to do some sums!

By Brown Bull

Re: price difference with AV.A

soi — Mon, 10 Jan 2011 11:22:00 GMT

Hi

Yes, strange difference.
I sold half my AV.A at 117.25 and then bought GACA at 110 to replace them.
Maybe should have sold all my AV.A to buy GACA.

Regards

soi By soi

Re: price difference with AV.A

out-there — Sat, 18 Dec 2010 08:21:00 GMT

these are cumulitive so I'm not sure what the real worry is here. strange pricing but hopeful of parity with av.a in the future By out-there

price difference with AV.A

mathsgeek — Fri, 17 Dec 2010 23:35:00 GMT

Anyone know why such a large price difference has opened up between GACA and Aviva's 8.75 pref, AV.A. In the past GACA and AV.A have generally traded within a couple of pence difference as the dividend is almost identical. At the moment though AV.A is around 7p higher suggesting that GACA's dividends are seen as somewhat less secure. I'm not sure if Aviva fail to pay General Accident the money for GACA dividends whether they would also be obliged to suspend AV.A divs? By mathsgeek

Re: Buying opportunity

Brown Bull — Tue, 02 Feb 2010 13:11:00 GMT

Well, I was right that AV-A's premium over GACA couldn't be sustained, but what has happened is that AV-A has gone down to match the GACA price.

At least anyone who bought GACA two weeks ago hasn't suffered a SP decline! By Brown Bull

Buying opportunity

Brown Bull — Thu, 14 Jan 2010 08:38:00 GMT

AV-A advanced today to 1.5p ahead of GACA. Given that GACA's yield is fractionally higher, I'd expect the SP to play catch up over the next few days. By Brown Bull

Re: !!!WHAT HAPPENED TODAY!!!!

farmerdave — Fri, 04 Dec 2009 11:30:00 GMT

ps some of the fall was the ex div Nov 11 but not sure what has happened since By farmerdave

Re: !!!WHAT HAPPENED TODAY!!!!

farmerdave — Fri, 04 Dec 2009 11:29:00 GMT

Down further still today - 10yr gilt still around 4% - has to be a rebalance soon. Only thought is with the sell off in Nov people were moving back from safer instruments into equities...not sure I am convinced myself by this... By farmerdave

Re: !!!WHAT HAPPENED TODAY!!!!

mathsgeek — Wed, 02 Dec 2009 14:41:00 GMT

Yes, exposure to Dubai could be involved but why have the Aviva prefs been disproportionately badly affected relative to the Aviva ordinary shares, especially when the prefs are cumulative. By mathsgeek

Re: !!!WHAT HAPPENED TODAY!!!!

Brown Bull — Wed, 02 Dec 2009 10:26:00 GMT

It's a reaction to Dubai. Aviva needs to clarify what it's got at risk in Dubai World. By Brown Bull