Woah!!! I just got an online quote to buy 42TF - 4.7p. That knocks the IRR down to ridiculously low levels. But they would only offer a price for 1,500 so the yield gets hammered by the dealing costs. That's the problem with this one - you need to keep an eye on the market and try to buy when someone else has offloaded a load.
"The Co-operative group is to repay £15.5m in furlough payments to the government, but will hold on to more than £66m in business rates relief despite announcing a surge in profits during the pandemic."
"The mutual, which owns hundreds of grocery stores as well as funeral parlours, legal and insurance services, said pretax profits jumped from £24m to £127m in the year to 2 January."
Personally I'm happy - I need them to have plenty in the bank to be able to pay me all that money in December on the 42TEs and 42TFs ;-)
Comments
Yes - over the years I've had to keep fishing for a good price but I can't recall such a big difference as recently.
I'll continue to re-bait the hook every now and again
Thanks to all
Woz
"The mutual, which owns hundreds of grocery stores as well as funeral parlours, legal and insurance services, said pretax profits jumped from £24m to £127m in the year to 2 January."
Personally I'm happy - I need them to have plenty in the bank to be able to pay me all that money in December on the 42TEs and 42TFs ;-)