Mentioned in IC this week Ripley94: devonplay preferred over CSH I did and I still do!
Mentioned in IC this week LOW… XXXX Must of been about 105p… 4 years back not much difference now 99p . devonplay preferred over CSH
Mentioned in IC this week No comments for 4 years, I’m considering adding this one to my regular saving plan. I going to see what the IC said about it 4 years ago and how any projections have worked out… DL
Re: Mentioned in IC this week Vast majority of the loans are fixed as far as I'm aware, though I did see one or two labelled as ground rents in the quarterly report which I associate with having an inflation linkage... Badnews is spot on though, the duration is barely 3 years so interest rate sensitivity is pretty small and the credit risk is pretty minimal too.I think this a good place to hold some cash whilst waiting for the much anticipated "market correction" !! IMHO
Re: Mentioned in IC this week Aren't the rates charged floating? Linked to LIBOR?
Re: Mentioned in IC this week This seems like a sensible investment of secured debt, unlike other funds like IPE and HDIV who invest in junk bonds for a similar yield. I am very tempted. Richgym, the maturity on the loans is relatively short, so interest rates won't come in to play as much as you might think. All-in-all an attractive yield for the risks involved.