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sussexmade

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sussexmade
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  • Thanks Paddy, guess this could be bullish for retail investors for the GBP bonds in particular the 2026 and somewhat the 2024. Good result for Burford and the forex cross USD/GBP should be a nice way to hedge their currency exposure.
  • Thanks Geoffp. With such an early closure it sounds like a lot of institutional buyers are in for this and the U.S. 'Locals' too. Guess will be a good opening premium so the Stags ( and The Hinds ! ) should do well. Longer term who knows but for sur…
  • Well said Frugal, you've nailed it.Yogibear please note that the linked ( 'benchmark' ) gilt is indeed Treaury 4.75% not 4.25% as i stated wrongly. See the stock moved lower today just a tad and interestingly see the puchases are in lots of 25000 so…
  • Think the early redemption in March will be around the £1.1090 mark based on the current linked gilt price. Also we will earn the coupon of 6% p.a. until then. The risk is that gilts and in particular the 'linked gilt' to the bond ( Treasury 4.25% 2…
  • Paddy i think you are correct that this really is aimed at US investors/institutions and it's interesting there doesn't appear to be any limit on the volume of bonds/amount on offer so that will be left to 'the market' to decide on the day. Upside i…
  • P.S. see the USD/GBP is at around 1.4025 this morning so fully breached the fortress marker now.
  • Woz you're right about the RNS, quite alarming. ! Yes saw the bit too about the uplift in coupon if there is a poor rating by any agency though doubt that would happen in the short term anyway.
  • Good idea Noiansleft and i was considering the same basically -when in doubt sell out ( well half ).See the price softened a little today.
  • The full Monty of over 100 pages is now up on Burfords website if anyone feels that way inclined. See its a US Dollar bond not Euro/Dollar. Given the Pound is firm and probably will continue for a while yet to firm further v the USD forex losses are…
  • Any further thoughts on whether to wait until final redemption in March or sell now at around £1.1010.? Looks to me at the moment better to wait for that possible extra 1 point but maybe i'm missing something ? ( i realise the retained gilt price co…
  • Thanks Shaunm and cripes Nov 2014 £1.50 down to £0.105 today, now that really is the flipside to Burford.!
  • And now something more to consider- in todays Times Business Section an article about another litigation finance firm being Vannin Capital possibly coming to the market but not sure yet in what form. If they issue in the form of shares initially rat…
  • Thanks ODRB i missed that completely. Indeed the coupon may well be higher but the forex risk is real given the recent poor performance of the USD and probably continuing to be that way while the administration push for growth and exports. Does the …
  • Guess will be maturity in 2028 and if my guess is correct rate could be 4.75 pct.If i am correct not sure i would fancy it much and keep until maturity but maybe worth a punt for a 2-3 year term.? Any other guesstimates out there. ?
  • Note the 3 current bonds in issue all moved down a per cent or so this morning on the news. Fears of saturation. ?
  • Thanks Shaunm for your time on this, i will have a good look through the prospectus of both in the next few hours but being ' johnnie few mates' until 2036 with Aviva doesn't look very attractive. ! Paragon may be a better bet given the smaller prem…
  • Echoing both Paddy and Finn2 posts thanks to Oliver and hopefully you do read these comments on this platform so you can see our appreciation of your always astute observations. Ref this bond who would have thought it would be so sought after on its…
  • Gliderpilot, further to the above i just checked the H.L. website and it says you can open an account/ISA account all over the phone ' in minutes' and fund it by debit card. You just need your N.I. number to hand. Fyg the specific phone number for t…
  • Hi Gliderpilot, for what its worth i spoke to H.L. earlier today and they said they were not inundated with applications for the issue more of a trickle. So it maybe time could be on your side to register with another provider and get in your applic…
  • Well SMU thats a surprise,you had me fooled. Maybe 2-3 years for you too then ?
  • Think Shaunm sums it up well and i share his sentiments that if there is nowhere else to go for next 2-3 years then this could be reasonably a safe house for that period. I could not consider the full 10 year stretch. ! So only question/unknown is w…
  • H.L. tell me that ' the dept. that deals with this has now gone home-try again in the morning ' also adding ' there is nothing showing in our system yet '. See Oliver Butts views are quite bullish even though he admits the coupon is a tad shy. Have …
  • Well 4pct looked mean and certainly over 10 years when a 5 year bank account can pay as much as 2.75pct. If Kooperthequick is correct though it couldn't have been that mean. ! I will check with H.L./others to see status.
  • Hello all, anyone seen/heard anything further on this potential issue. ?
  • Fot what its worth Questor ( Richard Dyson ) in the Daily Telegraph last Friday is investing some 4 percent of his income funds money in to this bond and generally rates them as a buy. ( Shaunm commented on this on Friday- see above. ) I don't see a…
  • Just seen an article online from the Daily Mail site 'This Is Money' posted about 2 hours ago. The article is fairly basic in nature and mostlt aimed at inexperienced investors as there is an accompanying feature about the pros/cons of bonds etc. In…
  • Good to read everyones feelings on this above and i have decided to go for a smallish lot in either my ISA or Sipp so heres hoping. ! BTW Shaunm don't forget we also had the Burford 2026 bond this year too so the D.T. were doubly wrong. Have a good …
  • Thanks again burberryjam for your comments/table. Ref ISAerable i think you may well be right that it doesn't apply anymore but will double check before making a move-not to be sniffed at either gross or nett. Just hope Oliver makes a comment asap a…
  • Thanks burberryjam,interesting comments and pretty much my early conclusion too. I am not overly exposed to London/South East property markets at the moment so this could be of interest and i guess it should be ISA erable given its 5 years to maturi…
  • Wow an awful lot of reading to get through but on the face of it it looks attracive but hopefully Oliver/others will have a say about the issue to steer us ( well me anyway ! ).