Comments on: UOB Preference Shares https://www.martinlee.sg/uob-preference-shares/ Financial Literacy and News Fri, 29 Mar 2024 10:40:37 +0000 hourly 1 By: Martin Lee https://www.martinlee.sg/uob-preference-shares/comment-page-1/#comment-136911 Tue, 09 Jul 2013 19:44:05 +0000 http://www.martinlee.sg/?p=240#comment-136911 Dear Jessica,

I’m not 100% sure but I think you should.

]]> By: Jessica https://www.martinlee.sg/uob-preference-shares/comment-page-1/#comment-136905 Thu, 04 Jul 2013 09:23:13 +0000 http://www.martinlee.sg/?p=240#comment-136905 If UOB decided to call back the preference share on 15 Sept 2013, are we still entitle to the dividend as dividend paid out date is also 15 Sept 2013 ?

]]> By: cheekhiaw https://www.martinlee.sg/uob-preference-shares/comment-page-1/#comment-78493 Tue, 09 Nov 2010 08:15:20 +0000 http://www.martinlee.sg/?p=240#comment-78493 The DBS 6% NCPS is due for interest rate re-set in June 2011 and therefore will NO MORE be paying 6% by then. Pls confirm such details with broker/bank before buying…

]]> By: lioninvestor https://www.martinlee.sg/uob-preference-shares/comment-page-1/#comment-69857 Tue, 07 Sep 2010 11:32:20 +0000 http://www.martinlee.sg/?p=240#comment-69857 Hi Anne,

There was a time when the preference shares were trading at huge discounts to their par value and nobody wanted them (end 2008). Note that if you buy now, you will be paying a slight premium and thus your yield would actually be lower (not 6%). Remember also that if when the shares get redeemed, it would be at par value.

The DBS Bk 6% NCPS 10 (D14) was issued quite long ago. Best to get your stock broker to check for you the details – dividend policy, buy-back clause, etc.

Without looking into the details, you can’t really compare them.

]]> By: Anne https://www.martinlee.sg/uob-preference-shares/comment-page-1/#comment-69819 Tue, 07 Sep 2010 05:56:36 +0000 http://www.martinlee.sg/?p=240#comment-69819 Dear Lioninvestor,
Kudos to you for this wonderful site which I found in searching for more details on DBS Bk 6% NCPS (fyi, I couldn’t find any info on this on DBS website). Thanks for the clear & concise desc on pref shares.
I am looking to buy some pref share for good steady yield. DBS Bk 6% NCPS 10 has one of the highest yield and looking at current list pr, looks most attractive. However, since it’s drop in May2010, it seem to hover around $103.7-8 although those from OCBC has been rising. Could it be because of higher chance of redemption since this was issued abt 10years ago? or maybe investors are wary of DBS’s performance? What’s your take? (I have learnt to be wary when something looks gd, hence would appreciate a 2nd opinion in case there is some high risk factor priced in.) Thx!

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