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New ISA

Gilts, bonds, and interest-bearing shares
88V8
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New ISA

#298263

Postby 88V8 » April 6th, 2020, 12:59 pm

As the market is on the up now, I'd like to get straight in.
What to buy... in ords, one is spoilt for choice. Staid old LGEN yielding 9% even after today's rise, with potential 30% price upside.

Provident PF21 still available at 72% (ytm c29%)
Int Pers IPF2 7.75%/2023 has fallen to 55%. They say in their RBNS of 1 April that they are adequately funded.
Co-op 42Te still on offer around 113%.

Otherwise plenty of options in the 7% yields - LLPC, SANB, STAC, BOI etc.

Have enough of oilies ENQ1 and PMO1 which I bought too early, and as hirisk commented, these are a bit of a punt.

I'm overweight Financials, so inclined towards a crust of IPF2 with a filling of 42TE.
For OH, where I don't want any disasters, just 42TE.

What do we think?

V8

88V8
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Re: New ISA

#298723

Postby 88V8 » April 7th, 2020, 7:00 pm

Annoyingly, 42TE has ticked up to 116% so I bought fewer than intended.
Also some more IPF2, perhaps good money after bad, never mind.
And some MBSP, whose price has sailed almost untouched through the panpanic.

This leaves a little in hand for which I shall find a home tomorrow. Might be something as stodgy as Shell, although that ship has pretty much sailed.

V8

hiriskpaul
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Re: New ISA

#298881

Postby hiriskpaul » April 8th, 2020, 10:14 am

On Monday I topped up our ISAs. Put the whole lot in STAB, but had to pay slightly above par compared to prices obtained last week slightly below par. Not problem getting quotes for 2 lots of 20k though.

Not sure what to make of IPF2. I hold a small number that I bought on issue. The market reaction does look a bit extreme, but in this market I have already added to my exposure in Provident Financial PF21.

88V8
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Re: New ISA

#298968

Postby 88V8 » April 8th, 2020, 1:12 pm

Yes, perhaps markdowns are a result of careful analysis, or perhaps a result of panic and flight to quality.
I bought STAB at 1.01 on Monday.

Filled OH's ISA this morning;
42TE has moved up again, not so interesting, so we added to SKIP and NBSR (are Building Societies fashionable again?), and some ords in MRCH, CTY, LGEN which I suppose represent my 'flight to quality'.

Finished my own ISA with LGEN.

Not so long ago we were overweight Financials and still are, but the sweetshop is open, temptation temptation.

V8


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