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Traders Thread - Friday 09th March 2018 (TRAD)     

skinny - 09 Mar 2018 10:38 - 7 of 13

I've held GACA since 2011 (106p) and have seen 7 years of capital gains disappear in an RNS!

CC - 09 Mar 2018 11:58 - 8 of 13

I can't believe AV.'s actions Skinny. I find it absolutely inappropriate for a company of their stature to do this.

What they should have done is used the clause to compulsory purchase the prefs at say the price on the day before the results. Or just bought them back in the market.

It's a disgrace and someone like Sharesoc needs to make this as difficult for them as possible even if it makes no difference to the eventual outcome

I am trying to work out what to do with my AV. shares. I only have a few from 490 but right now if the price hits 530 or if we have a good day on FTSE I'm out. I think the legal stuff could run and run.

midknight - 09 Mar 2018 12:36 - 9 of 13

CC: IPE and HDIV both pay about 6% annually. (quarterly dividends). Constant yield.
Of course, there is risk in anything to do with the markets,
but I have held IPE for years and the income has been worth the ride.
Not much growth but have on occasion sold to take profits as well,
and bought back later. I follow HDIV, though don't hold, but have stuck
substantially with IPE.

skinny - 09 Mar 2018 12:37 - 10 of 13

It's left a bad taste - I still have AV shares from 2010 and am mulling over what to do - as you say, yield is becoming an elusive commodity.

I won't be renewing my Aviva car or travel insurance, as the costs are no more competitive than others.

midknight - 09 Mar 2018 12:42 - 11 of 13

Forgot to add that there is no stamp duty on these.

CC - 09 Mar 2018 13:41 - 12 of 13

Thanks Midknight. I will take a look.

midknight - 09 Mar 2018 13:52 - 13 of 13

CC - also ave a look at RUSP -about 8% yield , paid quarterly, no stamp duty,
but the Pref bit might put you off, after your AV. experience.
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