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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Close Enh Ii | LSE:CED2 | London | Ordinary Share | GG00B1WT2P00 | ORD NPV DESIGNATED AS PART SHS |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 141.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 141.25 | GBX |
Close Enh Ii (CED2) Share Charts1 Year Close Enh Ii Chart |
|
1 Month Close Enh Ii Chart |
Intraday Close Enh Ii Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/1/2018 | 08:52 | Commodities play- including Agricultural | 324 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 02/7/2013 17:26 by ianbrewster Interim PaymentYour Board and the Investment Manager has resolved to distribute an interim redemption payment to shareholders of £1.378 per share, such amount representing the total proceeds received to-date by the issuers of the five Medium Term Notes held by the Company. The interim redemption payment is expected to be paid to shareholders within 5 business days. |
Posted at 29/6/2013 23:05 by papy02 If the withholding tax turns out to be 15% (which is common in international tax treaties, though not universal), and they state it's for one bank-bond out of the 5 (so 20%) then the amount at risk here is 15% * 20% = 3% of the final maturity amount. That would be approx. £1.9m (approx. 4.2p/share). Which is conveniently close to Close's £1.6m initial charges, plus the £300k that Close planned to siphon off the final payout. Hang on, I think I can visualise an equitable solution to this mess;-) Just saying. |
Posted at 16/4/2013 10:08 by haydock Commodity Portfolio Calculation (averaged) 100.00% 122.58% Current Final Capital Entitlement per Share 145 Pence I stand corrected, during the period I had this fund I always thought that was a notional fig. Clearly not, so I have not lost a lot in selling for cap gains. Especially as I added to my original £1, when the price fell in 2008/9, as I saw it as a lot less risky than it actually was ! Cheers Hay. |
Posted at 15/4/2013 16:31 by smarm Remember it pays an average of closing price end each month for last 12 months, so if take 2p off for each of April and May then final payout around 141p.S |
Posted at 12/4/2013 14:51 by praipus hmmm...Lloyds...HBOSI was thinking beyond CED2 June and in a genral European sense. Or are you saying the price of insurance in this instance has future Eropean bank default in the premium already?????? |
Posted at 12/4/2013 09:10 by papy02 Haydock,I take this, from the Apr 10th RNS, at face value Based on the values of the commodities as at 28 March 2013, taking into account month end values of the commodities for the preceding month ends in the averaging period and assuming these values were to remain unchanged through to the end of the life of the Company, the redemption proceeds per Share on the Redemption Date would be 145 pence. Given the Offer is currenty 137p, there is opportunity to make 8p, or 5.8% turn (ignoring trading cost) by the June 14th(?) redemption date. But as commented above you are taking on Credit Risk of whether the Debt Securities held by CED will actually pay out on the June redemption date (some of the 5 banks are pretty ropey). So it's a judgement whether that is a reasonable risk/reward. I'd be very grateful for any comments on the likely Credit Risk at this point - I held CED way back but have not tracked the status since. |
Posted at 12/4/2013 08:33 by haydock Totally ignorant of the finer points of how this will work.However since this has locked in several months by December & in the interim we have: NAV per Share per the Financial Statements 143.99 Does this mean that payments are in the range of 143X2=186p £1.86 per unit ? Or am I as usual just too dense to be able to see the wood from the trees ? |
Posted at 01/2/2013 10:36 by praipus erstwhile2 sorry to be thick but does this have any direct bearing on CED2's debt/counter parties? |
Posted at 08/10/2012 17:11 by haydock Many thanks for the calcualations estimate.Bought at the start, but added more in 2009, when the price crashed. A payout figure along those lines would be welcome. Seemed the best investment in the dark days after 2008, at least quaranteed £i for the 60/70p. No brainer, i thought at the time ! Looking back perhaps not as safe as i thought with the risky bank instruments. Still the yank fund with 25% has drawn the same conclusion. |
Posted at 13/7/2012 13:25 by sharpshare CED2 winds up end May 2013.With corn and wheat surging the estimated redemption amount is around 150p. Redemption amount currently crystallizing in final 12 months to maturity. Share price today 115p. Floor price 100p (assuming no default) Risks include commodity price changes and potential counterparty default risk. That 30% potential gain over the next 10 months does look tempting. |
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