Co-Op
Hopefully of interest to many on here who hold Co-Op Group installment and repayment notes.
https://www.retailgazette.co.uk/blog/2019/04/co-op-records-profits-sales-uptick-since-nisa-acquisition/
https://www.retailgazette.co.uk/blog/2019/04/co-op-records-profits-sales-uptick-since-nisa-acquisition/
Comments
Apologies for tastelessness, but Co-Op also have a line in providing funerals, so the current circumstances may have to that extent a silver lining.
Supermarkets and funerals are almost by definition beneficiaries of the crisis: Supermarkets by virtue of displacement from the almost completely independent hotel/restaurant distribution chain, and funeral homes because, er...
As for funerals, 60 million people die every year globally, half a million from the virus is not a meaningful addition, in UK the numbers are not significantly more, 500k vs 50k, if anything disposal of body needs to be done safely, and it's hard to have anything like a social setting of a regular funeral because of social distancing, tough economy also puts downward pressure on discretionary budgets, dignity share price is the hint here
as for DTY, they have been having troubles for last several years, so probably virus is not the entire story, so it's important to distinguish between the narrative and the root cause, though as Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events -
https://books.google.co.uk/books/about/Narrative_Economics.html?id=YlDVDwAAQBAJ&source=kp_book_description&redir_esc=y
Happy New Year.
Assuming you are still a holder, have you received the capital repayment for your CO-OPERATIVE GROUP 0% GTD SUB 20/12/25 GBP0.12 yet please?
A J Bell inform of non-receipt of funds and are chasing up.
Just wondering. Thanks.
P.S. Although a couple of weeks late, I am not too concerned as the Coop Group is doing just great. Probably just admin.
We received ours from Selftrade on 21 December 2020, if that helps
Cheers
Woz
Sometimes (quite often) I do worry that I have too much (not just Co-op) with iDealing. But one thing you can generally say about them is that they do credit payments pretty quickly.
Maybe we should take a look iDealing? Is it possible to trade retail bonds online with iDealing please? A J Bell do not.
I'm happy to do a test if you like - give me epics for a couple of retail bonds that you might be interested in and I'll see if I could buy them online at iDealing (I've got nothing better to do).
I really like them - if brokers had unlimited coverage with the FCA, I'd be quite happy to have all my holdings with them.
66WS/ProvFin/23,
RGL1/Regional/24 and
LIV2/LendInvest/23.
Thanks for doing this.
Spreads seemed quite wide so, if it was me wanting to actually buy then I'd probably email or phone them to see if they could deal within the spread. They've always been happy to try in the past and haven't charged extra for doing so.
One other thing to bear in mind - they do charge for taking cash out of your account. It hasn't bothered me because I've never wanted to do that. If/once I start wanting to make regular withdrawals (say taking out dividends to live on) then I'd probably speak to them to see if they were prepared to waive the fee or move the account elsewhere where there are no such charges (eg HL).
As you say - others charge silly money for telephone dealing. It's one of the reasons I really like iDealing.
Maybe they're worried about security re the online withdrawal limit??
We are all big girls and boys on here, I think, and it seems to me we are mostly of a certain vintage. We are each responsible for what we do.
Just to add that A J Bell have finally posted those COOP repayments - they are turning out nicely, thank you.
And to mention that they don't charge any extra for bond dealing by phone - £9.95 - but it did take over 20 minutes to buy some 66WS [at par] earlier in the week.
Thank you, again.
123.5-128.0 although apparently MM have no stock and most I can buy at 128p is 1000.
Gives about 4.5% YTM
Not so far away now.
YTM always used to be fairly close to 42TE
Would appreciate it if someone could check YTM and if I'm right, any idea(s) as to why the difference
Woz
Bear in mind - no stamp duty on 42TE whereas there is on 42TF
Then I guess a lot depends on what BUY price you're working on and how many shares (v. small differences in price on 42TF can make a big difference on yield).
I use IRR for working out yield on 42TF because there's NO accrued with those whereas there is with 42TE (hope I've got those the right way around).