Gilt prices highlight value in convertibles
Article Abstract:
The strength of pound sterling has increased the allure of UK givernment stocks for foreign investors. There is some risk that problems in US financial markets could affect the UK, but this is the only major uncertainty. Convertible yields are also attractive as do conversion premiums since there are many companies where convertibles offer better value than ordinary shares. Convertibles have benefited from a strong market for UK government securities during 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Holding hands and convertibles: lots of novice investors will soon be persuaded to take their first look at convertible stocks because they will go into self-select Peps shortly
Article Abstract:
Convertible stocks will shortly go into self-select Peps and they will offer a higher income than ordinary shares and will provide the opportunity of capital growth. Convertibles are fixed interest stocks in the form of loan stocks, where interest is stated gross and paid with basic-rate tax deducted, and preference shares, where the dividend is stated net.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Value starts to glimmer: surely 1995 can't be as poor for convertibles as 1994 was? With plenty of double-figure yields and low conversion premiums, the fundamentals look promising
Article Abstract:
Convertible stocks fell in 1994 due to poor shares and gilts and 1995 is not expected to see a rapid improvement. UK rates are expected to rise further due to too fast economic growth and higher US interest rates. However there is a significant equity market prospect for convertibles although there is a degree of risk amongst certain stocks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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