Hi
Does anyone own or have a view on these? look reasonable value and assume they are still paying
https://www.hl.co.uk/shares/shares-sear ... -sub-bonds
Mick
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Rhyd6,eyeball08,Wondergirly,bofh,johnstevens77, for Donating to support the site
Ulster 11.75
-
- Lemon Half
- Posts: 6065
- Joined: November 5th, 2016, 9:05 am
- Has thanked: 20 times
- Been thanked: 1416 times
Re: Ulster 11.75
MickR wrote: look reasonable value
It's a wide spread, but then it's a small issue
Sell:£166.50 Buy:£173.50
Google search finds that some of the holding was bought back in a tender offer a couple of years ago.
http://otp.investis.com/clients/uk/rbs/ ... sid=931160
Is it part of RBS?
-
- Lemon Pip
- Posts: 84
- Joined: November 4th, 2016, 10:37 am
- Has thanked: 12 times
- Been thanked: 15 times
Re: Ulster 11.75
As I remember these bonds have withholding tax deducted at source which you have to reclaim and that can be a hassle. It's all from memory so DYOR.
-
- Lemon Quarter
- Posts: 2829
- Joined: November 7th, 2016, 8:22 am
- Has thanked: 68 times
- Been thanked: 1029 times
Re: Ulster 11.75
Yes, Ulster Bank is part of the RBS Group. Not sure if it is part of the NatWest (retail bank) side or NatWest Markets (wholesale) side.
If this is the old FAP issue? If so, yes there is tax deducted that needs to be reclaimed. It would also be wkrth seeing if the UK leaving the EU will have any impact on the tax reclaim side.
If this is the old FAP issue? If so, yes there is tax deducted that needs to be reclaimed. It would also be wkrth seeing if the UK leaving the EU will have any impact on the tax reclaim side.
-
- Lemon Half
- Posts: 5839
- Joined: November 4th, 2016, 11:22 am
- Has thanked: 4187 times
- Been thanked: 2602 times
Re: Ulster 11.75
There was some discussion on TMF about the reclaim process, which sounded a pain.
My broker is not willing to do it, and for my small holding I can't be bothered.
Net of tax the yield is about 5.6%, so fairly ho-hum.
If you're not already stuffed to the gunnels, BOI is around 6.3%.
V8
My broker is not willing to do it, and for my small holding I can't be bothered.
Net of tax the yield is about 5.6%, so fairly ho-hum.
If you're not already stuffed to the gunnels, BOI is around 6.3%.
V8
Who is online
Users browsing this forum: No registered users and 14 guests