Share Name Share Symbol Market Type Share ISIN Share Description
Cmhyt Plc LSE:CMHY London Ordinary Share JE00B6RMDP68 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 187.00p 187.00p 188.50p 188.50p 187.00p 188.50p 51,909.00 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 10.0 8.8 10.4 18.0 170.28

Cmhyt Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
15/11/2016
14:51
Top 10 issuers % portfolio Lloyds Banking Group - Lloyds Bank & LBG Capital 7.875% Perpetual, 7% Var Perpetual 4.4 Aviva 6.125% Perpetual, 8.875% Preference 3.6 US Treasury 2.5% 15 Feb 2046 2.9 Société; Genérale 8.875% FRN Perpetual 2.8 General Motors Wts 10 Jul 2019 2.7 Telefonica Europe 6.75% Perpetual, 5.875% Perpetual, 4.9% Cnv 25 Sep 2017 2.7 Intesa Sanpaolo 8.375% FRN Perpetual, 7% Perpetual 2.5 Credit Agricole 7.589% FRN Perpetual, 8.125% FRN Perpetual, 7.5% Var Perpetual 2.4 Standard Chartered 5.7% 26 Mar 2044, 5.125% 06 Jun 2034 2.2 Twinkle Pizza 8.625% 01 Aug 2022, 6.625% 01 Aug 2021 1.8
kiwi2007
15/11/2016
14:47
Market and economic review The European high yield bond market gave back some of its recent strong performance. Sentiment fell at the start of the month amid a lack of new policy announcements by the European Central Bank and concerns that the US Federal Reserve (Fed) might hike interest rates. The subsequent decision by the Fed not to hike rates saw markets recoup some of these earlier losses. However, concerns about Deutsche Bank, following a potential $14bn fine for mis-selling mortgage products were a further weight on sentiment. Data from Barclays shows that there was €12.4bn of high yield bond supply in Europe, which compares to €1.9bn in September 2015 and €5.5bn in September 2014. Year to date supply however remains below 2015 levels at €44.8bn. Index data from Merrill Lynch shows that European currency high yield bonds returned -0.4%. Sterling investment grade corporate bonds returned -1.4% and euro investment grade corporate bonds returned -0.0%.(sterling hedged, total return). Portfolio review We remain defensively positioned. Exposure is focused on higher quality companies that we consider unlikely to default. Around 24% of the portfolio is allocated to bonds issued by banks. Our highest exposure in this sector is to the junior tiers of bank capital. A smaller allocation is held in subordinated insurance bonds that we think are attractively priced. Outside of the financial sector, our largest allocation is to the food sector where we have exposure of 8%. We also hold around 11% of the portfolio in non-financial hybrid bonds (a type of relatively junior debt in a company’s capital structure). Our focus with these bonds is toward issuers that we think have strong balance sheets and good cash flow.
kiwi2007
10/11/2016
20:12
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value EXCLUDING undistributed current year revenue 183.63p INCLUDING current year revenue 184.95p
pvb
12/9/2016
18:37
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value EXCLUDING undistributed current year revenue 185.96p INCLUDING current year revenue 188.05p
pvb
24/6/2016
08:00
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.’
jonwig
24/6/2016
07:38
CityWire wrong again ;m
kiwi2007
24/6/2016
06:05
Citywire has some ITs for a "leave" vote - PNL, CMHY, PIN included.
jonwig
12/2/2016
12:16
6% just doesn't do it for me these days
my retirement fund
12/2/2016
03:27
Well if it can carry on in this direction the yield will become tempting
my retirement fund
29/1/2016
14:37
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 @ http://ftalphaville.ft.com/2016/01/26/2151148/high-yield-bond-bears-flee-to-the-hills/
kiwi2007
28/1/2016
12:43
At 1.74p I would too!!!!!! From RNS 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
p@
28/1/2016
10:58
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?
pvb
06/4/2015
12:07
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 insignificant."
dragonsteeth
02/3/2015
21:15
Double post deleted.,
kiwi2007
02/3/2015
21:13
hTTps://www.invescoperpetual.co.uk/site/ip/pdf/fs-it-cmhyt.pdf Remarkable share price performance compared to the similar new city high yield hTTp://www.ncim.co.uk/fact/nc.pdf
kiwi2007
23/7/2014
10:20
2.5p ex div today - accounts for the fall.
blackcross
07/1/2014
08:39
It was on a discount when I posted in October!
rcturner2
06/1/2014
19:46
What discount! Even Bankers was on a small premium last time I looked. Where will it all end? And when?
pvb
10/10/2013
15:21
Impressive rise today. Seems to be narrowing the discount.
rcturner2
22/9/2013
13:10
But not yet!
pvb
22/8/2013
12:43
QE easing off?
pvb
11/7/2013
12:29
Not sure quite why this dropped back to 160p, but provided an entry.
rcturner2
20/6/2013
20:38
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?
penandnen
11/6/2013
10:02
Decent yield, slight discount, ungeared and no stamp duty.
colonel a
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