Just a couple of small share purchases today

Quiet day today.

Just two small purchases, Game (GMG) and Lloyds Banking Group 9.25% Non-Cum Irredeemable Pref Shares (LLPC).

The LLPC purchase reduces my average buying price and, therefore, the yield when (and if) they resume payment of a coupon in 2012.

A coupon of 9.25% and today’s buying price of 68p represents a “yield” of 13.60% – WOW!