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Cmhyt Share Discussion Threads
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|NAV per Ordinary share (unaudited) with Debt at Par & Fair Value
EXCLUDING undistributed current year revenue 185.96p
INCLUDING current year revenue 188.05p|
|Citywire reported it, they didn't originate it, but here you are:
If a leave vote prompts the Bank of England to restart quantitative easing by buying up bonds again, an investment trust like City Merchants High Yield, which invests in high yield European debt, could benefit.
‘The fund has a strong long-term performance record and the highly-respected team has historically been able to take advantage of value opportunities following volatility of market set-backs,’ said Winterflood.
‘While we share the Invesco team’s view that the asset class is no longer as compelling on value grounds, we believe that the current yield of 5.5% remains attractive at a time of low interest rates.’|
|CityWire wrong again ;m|
|Citywire has some ITs for a "leave" vote - PNL, CMHY, PIN included.|
|6% just doesn't do it for me these days|
my retirement fund
|Well if it can carry on in this direction the yield will become tempting|
my retirement fund
|Interesting but bearish article on high yield:
High yield bond bears: flee to the hills
Kadhim Shubber Author alerts
| Jan 26 13:08
One stereotype of equity investors is that they stay seated and calm long after bond investors have hit the fire alarm and exited the building. It is perhaps a little unfair today, given that everyone is panicking. But two bearish high yield credit strategy notes this week suggest that evacuating one building may not be enough and that it’s perhaps time to flee the entire city and head for the hills.......lots more @
|At 1.74p I would too!!!!!!
The Board of City Merchants High Yield Trust Limited (the 'Company') announces
that it has agreed today to issue and allot 100,000 ordinary shares of no par
value in the Company at a price of 1.74p per share under its block listing
facility. This allotment is to satisfy secondary market demand and is made
under the annual author
edit-I wonder how much the writer or the checker is being paid?....LOL|
|Winifred Robbins, director, has purchased a very large number of these over the last few days. Though not yet at a discount to NAV. Or is that expecting too much in these times with the current yield on the shares?|
|kiwi, yes agree with that , I hold New City but not City merchants so was thinking of switching. This from the Annual Report as of 1st April has made me stop and think though ;
"We think that, although the demand for income will remain an important factor
in total returns across bond markets, duration is once again likely to be the
dominant factor. In this context the economic backdrop remains relatively
supportive: inflation is low while economic growth is generally weak and this
should allow central banks to remain accommodative for some time to come.
However, with a large part of the investment universe already reflecting this
benign outlook the opportunity for disappointment is, in our view, not
|Double post deleted.,|
Remarkable share price performance compared to the similar new city high yield
|2.5p ex div today - accounts for the fall.|
|It was on a discount when I posted in October!|
|What discount! Even Bankers was on a small premium last time I looked. Where will it all end? And when?|
|Impressive rise today.
Seems to be narrowing the discount.|
|But not yet!|
|QE easing off?|
|Not sure quite why this dropped back to 160p, but provided an entry.|
|Yea, A reliable one this - over the years.
I tend to add a bunch when share price drops and sell a bunch when it hits an upward spike. Now looking to add. IMO, bonds are going to fall as QE unwinds so discount may still widen on uncertainty?|
|Decent yield, slight discount, ungeared and no stamp duty.|
|Quiet around here!|
|Just got round to starting this for City_ Merchants High Yield Trust plc.
Was old CHY. Now registered in Jersey since April 2012.|
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