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20/11/19
22:12
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Originally posted by Nige456:
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yep. fully agree, re strategy as well. mostly for my previous term deposit type funds(when it was atleast 6-7% just a few years ago), these i am doing. I figure atleast beating bank is better than nothing, as well as no risk of a complete dud as most will hold up above NTA. Sometimes will do good with flipping, e.g. i flipped PGG @ $2.05 in 2 days, and i can get more in the next placement @ $2.00. I have bid for stock in the GCI shortfall @ $2.01 issue price, lets see how scalebacks go. That is similar to a safety of bank hybrid being an RMBS security. Bank hybrids trade for around 270-280 margin, this one is 350 margin @ 4.5% yield, so can trade up to $2.08 on my calculations. They said thats the last GCI placement for some time which will help supply. Previously was trading up to $2.08.
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Hi Nige, With PGG you mentioned above that you can get more in the next placement, when is this happening and how can you get more? They will open it to everyone?