Share Name Share Symbol Market Type Share ISIN Share Description
New City Energy LSE:NCE London Ordinary Share JE00B2B0SY27 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.75% 16.50p 15.75p 17.25p 16.50p 16.50p 16.50p 2,983.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown 0.6 0.6 1.0 16.3 8.76

New City Energy Share Discussion Threads

Showing 376 to 399 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
27/2/2017
09:07
I've been directed here, and am now minded to vote in favour: http://hugin.info/140891/R/2075956/782962.pdf Eg co is only £10m, winding up costs expected to be only £80k (with £100k contingency), and: "...The Liquidators have indicated that they expect to make an initial cash distribution to Shareholders in April 2017 and that they expect this to represent a significant percentage of the Company's net assets at that time. The precise timing of the final cash distribution to Shareholders is uncertain, but it is expected that this process will be completed by the end of 2017."
spectoacc
27/2/2017
08:43
Trading suspended on 7th March. If approved, listing cancelled 8th March. Initial distribution on or around 28th April. (I've voted against winding up)
pherrom
27/2/2017
07:53
Should be fine in SIPP - timescale is a question I intend to ask them. I've been stuck in things that have taken years in the past, I'm still in one after 7 years. Getting most of it back early isn't usually a problem - it's those final few holdings, perhaps delisted themselves, that cause the problem.
spectoacc
27/2/2017
07:53
Of course if they do wind up, we won't be hostage to the silly spread. So something in between bid and offer at least?
pickledcabbage
27/2/2017
07:44
So if it's approved they'll delist straight away. Does anyone have any experience in similar circumstances? How long will it take for the wind up to take effect? Also I have these in a sipp can they hold delisted investments?
boonboon
17/2/2017
16:02
Vote on 7th March. NAV still at 18p. Not sure I can form an opinion on the wind-up and cash return until I know how close to NAV they'll get - will surely be some haircut for the illiquid stuff. If that's say a 20% haircut, I'm quite happy with the co staying as it is. Will hopefully be able to speak to the managers before the 7th.
spectoacc
31/1/2017
13:30
NAV crept over 18p.
spectoacc
30/1/2017
09:06
The investment advisor's report is quite bullish.
pherrom
27/1/2017
19:51
Thanks, missed that. Still feels like they're giving up just as recovery is in sight, but I'd take the cash.
spectoacc
27/1/2017
19:29
Look at the news tab. Details about EGM and proposed winding up.
pickledcabbage
22/12/2016
10:17
@pherrom - if we get 16.5p back (latest NAV 17.07p, 15p might be more realistic), the shares got down to 9p, so that's almost doubling the share price from low, if not the NAV. :)
spectoacc
22/12/2016
09:37
tiltonboy, you're right, it hasn't; I misread the figures from Morningstar.
pherrom
22/12/2016
09:09
pherrom, I can't see that the NAV has doubled this year!
tiltonboy
22/12/2016
08:51
@coolen - a rollover into say CYN perhaps should be on offer, I agree.
spectoacc
22/12/2016
07:55
The cap is too small, fund performance too poor to justify the management fee and the directors pays. Winding up is perhaps the best option.
riskvsreward
22/12/2016
06:41
The net asset value has doubled this year, so you never know.
pherrom
22/12/2016
00:42
Were the majority of long-term holders facing a CGT liability on liquidation, there may have been the additional possibility of a roll-over Offer. Sadly, I doubt if this is the case with New City, but there's always a chance.
coolen
21/12/2016
08:56
Fair point @coolen - and frankly, if they get anywhere near NAV then I shan't be complaining. I'll be voting with the directors.
spectoacc
14/12/2016
22:48
I agree with Pherrom, but I suspect this reflects the dis-proportionate red tape required to run a small investment trust these days.
coolen
14/12/2016
09:18
This seems to be exactly the wrong time to wind up the company. Oil prices have started to rise and fracking will become more profitable. I will vote against the winding up.
pherrom
14/12/2016
09:11
Can't say I was expecting this - proposing to wind up & return funds. Was quite happy seeing the qtly divi roll in, & some of the holdings aren't going to be easy to sell.
spectoacc
25/10/2016
21:06
Have not looked at this particular case, but investment trusts are now allowed to pay dividends out of both income revenue and capital profits.
coolen
25/10/2016
19:43
Investment income for 6 months = £289,000 How can they pay out over £250,000 in dividends for the 6 months and then pay all the company expenses and investment management fee?
kev0856153
14/10/2016
14:12
For divi & NAV, am going to be getting near to buying again soon. Bid dropped so 12.5/14.5 but online is 13.3/13.6, amusingly tighter. Yesterday's NAV 17.57p, so about a 22% discount & 7.3% yield. Weak £ will have been helping the NAV - see nothing in the Top 10 holdings that's in Sterling. Edit - UK 1.78%
spectoacc
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