Cqs New City High Yield Share Discussion Threads

[my retirement fund] 25/8/2015 11:27

kiwi2007 my thoughts on your interest rate comment to bring some sanity to the present price and yield on offer.

The base rate was 5.5% at the inception of this fund and was expected to rise through 2007 yet we are currently on the same level.

I guess the question you need to ask yourself is are rates likely to hit 5.5% again soon?

Personally I doubt we will see those sorts of interest rates again for at least a generation and perhaps longer.


free stock charts from uk.advfn.com

[kiwi2007] 25/8/2015 11:08

Seems a long time since this sold at a discount to NAV. Tempted back in at 5% below. Still that big seller dropping stock though.

[kiwi2007] 24/8/2015 11:11

Interesting to see the divergence from a similar fund recently (CMHY). All I know is that CMHY have moved into shorter dated bonds...not sure about NCHY?

I don't hold either at the moment but do hold quite a few prefs such as LLPC, POB, GACA and STAB

[jeffian] 24/8/2015 11:09

Does NAV mean much when interest rates are a one-way bet? It certainly looks as if they are going to stay low for longer than expected but they won't go any lower and it's only a case of when they go higher (leading to corresponding falls in bond values).

[my retirement fund] 24/8/2015 10:46

If your not buying now or even worse are selling you would have to believe company profits are falling off a cliff or interest rates are about to go through the roof.

However common sense tells us neither is very likely and indeed its probable lower energy prices will sustain lower commodity prices for some time, all of witch should keep inflation and interest rates very low for a very long time into the future, at the same time giving many companies the margins and flexibility to sustain profits.

[my retirement fund] 24/8/2015 10:40

Not really you can get a flavour in the header and from the web site/fact sheet. All pretty reasonable bonds.

The present price provides a fantastic income yield for those who prefer not to play the markets and simply collect income.

Thats not to say it cant go lower in the present silly season, although I dont mind putting my neck on the line and saying I bought a few last week and have taken a few more just now/.

[kiwi2007] 24/8/2015 10:29

Now selling at or below NAV and the yield pushing towards 8%.....turnover's been pretty heavy recently, maybe a big holder getting out?

Do they hold many oilers or EM bonds?

[kiwi2007] 24/8/2015 10:28

Now selling at or below NAV and the yield pushing 8%.....turnover's been pretty heavy recently, maybe a big holder getting out?

Do they hold many oilers or EM bonds?

[my retirement fund] 19/8/2015 17:13

Crikey now looking stonking value when one takes into account the recent 62 pence per share above NAV placing.

[neilyb675] 29/7/2015 13:13

....as do CYN and GLIF

[neilyb675] 29/7/2015 13:12

yes it does indeed

[my retirement fund] 29/7/2015 13:11

Goes XD tomorrow

[neilyb675] 28/5/2015 13:25

washbrook - can you update header when you get a moment ??

[my retirement fund] 30/4/2015 14:31

Seems to be on special offer xd. Currently yielding 7%, so I have just taken a few.

[8w] 27/4/2015 10:03

Bought in today. Been on watch list for a while, IC article triggered action. Looked at video interview by Manager and it gave me confidence. The trust has taken a position which has perhaps missed out on small(ish) capital gains but at this time I do believe that the low duration profile will offer some protection over the next few years.

Good luck to all holders.

[irenekent] 25/4/2015 11:05

Having just encountered this trust and watched the interview with Ian Francis I think he came across very well. He is not selling snake-oil; he seemed the sort of bloke who examines things carefully whilst accepting that some times things go wrong when circumstances suddenly change without warning.

A capable pair of hands - I will consider investing.

[dragonsteeth] 21/4/2015 09:44

RCT, I read it with mixed feelings, it gives good detail of strategy but performance for me is mixed . I was intrigued to note that it "topped up" on SLI , Standard Life Investment Property Trust as Last year I bought SLI the same time as NCYF, but SLI has outperformed by about 18% - clearly not like for like ITs but NCYF has been a disappointment for me.

[rcturner2] 20/4/2015 07:55

Detailed one page write up on the trust in last weeks IC (the trust is in the IC's top 100 funds list).

[petewy] 02/4/2015 14:29

I agree with dragon... to quote Mr Ian Francis "being an old cynic" that's my language.

[asmodeus] 27/3/2015 10:50

You're right, Euro. If I jump out of NCYF. I'll just walk carefully into a less uncomfortable pot - and probably after the election, the Yemen war, the Grexit and the American interest-rate rise! That's hpw optimistic I feel at the moment! Edit :- I've jumped.

[asmodeus] 26/3/2015 18:29

Very pleased to find that I am not alone in this, including your view, kiwi, in that if I was not already in, I would not buy. I am even tempted to sell, and put the funds in CMHY.