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MBSR/MBSP: Where do you hold them?

Gilts, bonds, and interest-bearing shares
hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#443249

Postby hiriskpaul » September 18th, 2021, 10:05 am

Last year they announced non-payment on 27 September. My reading of the prior announcement was that they would pay, but there could be no certainty of future payments.

hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#445990

Postby hiriskpaul » September 28th, 2021, 4:23 pm

No announcement of non-payment and I noticed today that HL are marking MBSP as Ex-dividend. The strange thing is though, when I obtain a sell quote, I am being offered 170 days interest, so not all are agreeing on that Ex-dividend date!

sell quotes for 10k nominal by the way were:
MBSP 97.2 + 170 days interest
MBSR 105.5 + 154 days interest

hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#446631

Postby hiriskpaul » September 30th, 2021, 3:19 pm

Pricing ex/cum div still crazy on MBSP. Buy quote: 100.857 MINUS 9 days accrued (0.166p). Sell quote: 97.45 PLUS 174 days accrued (3.209p). Both for 10k nominal. Anyone buying or selling, be doubly sure to check your accrued interest before you commit.

Wizard
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Re: MBSR/MBSP: Where do you hold them?

#448137

Postby Wizard » October 5th, 2021, 5:58 pm

Is there any more clarity on resumed payments yet?

hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#448356

Postby hiriskpaul » October 6th, 2021, 6:20 pm

Wizard wrote:Is there any more clarity on resumed payments yet?

When I checked yesterday the quotes were still screwed up on MBSP. The same negative accrued if you wnat to buy, positive if you want to sell. I have little doubt PIBS payments will be made though.

hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#448746

Postby hiriskpaul » October 8th, 2021, 1:07 pm

hiriskpaul wrote:
Wizard wrote:Is there any more clarity on resumed payments yet?

When I checked yesterday the quotes were still screwed up on MBSP. The same negative accrued if you wnat to buy, positive if you want to sell. I have little doubt PIBS payments will be made though.

Now its flipped round! BUY 10k quote 101.8 plus 182 days accrued (£335.66), SELL 10k 97.25 minus 1 day accrued (-£1.84).

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Re: MBSR/MBSP: Where do you hold them?

#449761

Postby Zow1 » October 13th, 2021, 10:17 am

I received the interest payment today for MSBP into both broker accounts.
:D

hiriskpaul
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Re: MBSR/MBSP: Where do you hold them?

#449770

Postby hiriskpaul » October 13th, 2021, 10:51 am

Zow1 wrote:I received the interest payment today for MSBP into both broker accounts.
:D

Good news. Pricing has settled down as well. Online quotes show 2 days accrued for both buys and sells, which makes perfect sense.

According to HL, MBSR is Ex-dividend today but showing 169 days accrued on both buys and sells. As with when MBSP went ex-div, the MMs clearly have a different opinion. Trade with care!


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