Stand.chart.8q% Share Price (STAC)

Yeah, Just tendered my Bristol and West, rather reluctantly. Didn't want to see them de listed and then be mucking about in the future claiming cash back. There are better yielders out there so I just moved on. Plenty of complaints on the ADVN forum re this.

Rhinocol

Many thanks. The buy out of Bristol and west preference shares is interesting. It seems that the holders are being forced to sell by end of year if I understand it well enough. Ok without loss of capital but loss of future high yield.

Dm, Lots of chat regarding 2025 on the Lemon Fool Forum with regard to the fixed income /pibs etc Well worth a visit.

I have quite a few of these myself but there is a cloud on the horizon in 2025. As I remember, in 2025 these preference shares cannot be included in the banks tier one capital and therefore there will be pressure to replace them or buy them out. What such terms would be anyone could guess but given the past debacle I can’t think we would leave us worse off. Could be a loan stock offering a yield similar to what we earn today? ( this is what Lloyds bank did a few years ago which was great until they cancelled the loan stick a few years later at an unfair rate to the holders.

I am optimistic in that given the past debacle any buy out will be fair and therefore we should enjoy the returns for now

The coupon is 8 1/4%. How can the yield be over 12% when the SP is 20% approx above par! shown in the share information?