Close Enhanced Share Discussion Threads

[davebowler] 19/4/2007 15:54

Based on the values of the commodities as at 18 April 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 232
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

[davebowler] 16/4/2007 13:11

Gross annual yield to maturity is 9.9%-- bargain!

[davebowler] 16/4/2007 13:08

Based on the values of the commodities as at 11 April 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 227
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

[davebowler] 23/3/2007 10:02

Based on the values of the commodities as at 21 March 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 205
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment

[terry toons] 16/3/2007 14:41

I've got these on my watchlist and they are the only IT that I see worth buying at the moment....but the price keeps drifting and if the NAV was certain to remain at this level I would probably buy...then again why not just hold on until the drift ends?

[davebowler] 15/3/2007 13:08

Pretty lonely out here!

[davebowler] 15/3/2007 13:07

Still a bargain at today's price;



Based on the values of the commodities as at 14 March 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 198
pence. This is not a forecast nor is it a reflection of the net asset value


RNS

[davebowler] 05/2/2007 15:33

Based on the values of the commodities as at 31 January 2007, and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 200
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment purposes

[davebowler] 23/1/2007 15:56

Gold up 2% today =1.2% rise in underlying value of CED

[davebowler] 11/1/2007 14:03

Value at maturity now £1.91.

[davebowler] 19/12/2006 08:46

Underlying value at maturity now 2.23

[david77] 06/11/2006 14:10

"Based on the values of the commodities as at 31 October 2006 ..."

They've used last week's commodities prices

[davebowler] 06/11/2006 13:06

Inv Obj & Perf Update


RNS Number:6056L
Close Enhanced Commodities Fund Ld
06 November 2006

FOR IMMEDIATE RELEASE

6 November 2006

Close Enhanced Commodities Fund Limited (the "Company")

The investment objective of the Company is to provide to shareholders, on the
Redemption Date in February 2010, a capital amount of 100 pence per Share and a
growth amount equal to two times any percentage increase in the End Value* of
the Commodity Portfolio relative to its Start Value.

The Commodity Portfolio is a notional portfolio of commodities comprising by
value on the Start Date, being 22 February 2005, one-third crude oil, one-third
gold and one-third industrial metals (equally weighted between aluminium, copper
and zinc).

Based on the values of the commodities as at 31 October 2006, and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 219.00
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.

Commodity Start Value As at
31 October 2006:
Oil $51.15 $58.73
Gold $432.85 $603.75
Aluminium $1972.00 $2834.50
Copper $3367.00 $7410.00
Zinc $1383.00 $4289.50
Commodity Portfolio 100.00% 159.65%


Payoff Profile

The table below illustrates how the final capital entitlement of the Shares
might vary for different End Values of the Commodity Portfolio.

Percentage change in End Value Final Capital Entitlement
of the Commodity Portfolio
relative to its Start Value

-100% 100
-80% 100
-60% 100
-40% 100
-20% 100
0% 100
20% 140
40% 180
60% 220
80% 260
100% 300


The final return is subject to there being no counterparty default or any other
unforeseen circumstances.

* The End Value will be the average value of the Commodity Portfolio over the
one year period ending on 22 February 2010.

The monthly factsheet is available on the website www.closefm.com.

[davebowler] 27/9/2006 16:33

NAV as at 21/09 is £1.94 per share.Gross Yield to Redemption at £1.60 price is 5.7%.
Chart looks good!

[davebowler] 04/8/2006 14:15

Gold is jumping and the Dollar is slumping.......{to the tune of @Ol' Man River}

[skyship] 03/8/2006 16:45

NAV @ 2nd August = 233p. GRY at 160p = 10.20%.

[skyship] 12/7/2006 15:08

What will today's NAV calculation be - as usual we should know c.11.00 tomorrow. Oil slightly down, but the rest of the portfolio up, so my guess is for c.236p.

[david77] 01/6/2006 11:35

CED announce commodity portfolio worth 170.3p/share. I've just bt a few more @ 153p.

[robsy2] 25/1/2006 13:47

Grim
The Warrants iemw may be an interesting way to unlock some of the money I havein IPX yet maintain exposure to the stock so that looks interesting to me but I can't see any info on them in the IPX accounts or on Squaregain . IF you have any info on them and a view on them I am interested in hearing about it. You can post here or on the IPX thread which be more relevent or if you want to contact me personally let me know and I'll give you a private email address.
Robsy

[robsy2] 24/1/2006 08:13

Hi Grim
seems like we're thinking along the same lines so I'll have a peep at some of your holdings over the next few days and report back.
Thanks
Robsy

[grim] 17/1/2006 21:13

Hi Robsy,

I found your post interesting as I also hold this & GOL and IPX. Have been thinking of swapping IPX for IEMW but need to do more research. RSS, RSSA & RSSB are also tempting me. I held PRTY for gaming but sold after my target was reached. Fancied 888 as an alternative but price has got ahead of my comfort zone.

regards,
GR

[robsy2] 16/1/2006 12:36

Nothing much to report except how pleased I am with this investment. Whatshisname from the IC is good and well worth listening to.
I got into this stock because I felt it was a the cheapest and safest way to get exposure to the commodities boom because I have no idea on how else to play the trend.
Similarly I like mining and natural resources but couldn't get much of a feel fore the mining stocks so I went for GOL which worked well.
On the environmental side I favour that sector and have brought into IPX
I like the boom in air travel so I hold AI.
For gambling I went for Neteller
and for China I hold LDC
Not sure why I'm posting this but hope it is useful for someone.
Robsy

[bangor] 03/11/2005 10:45

Finally decided to get into this after admitting the benefit of an index as opposed to individual stocks. Thanks to davidc (IC) for alerting me to this - I don't know how you find them but keep it up!

This omits the softs such as agriculture where so far I have no exposure but if you believe in oil and gold then this is a great idea.

[davidcstevenson] 29/9/2005 21:15

Interesting to see you (rambutan2) around this as well. I keep saying this is a bit of a no brainer and no-one seems to listen but if any of you care, buy some more of this stock. I have tried to drill holes in it (opaque derivatives structure and such like) and I can't. It seems an excellent way of buying commodity exposure with low downside.