We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
CQS Natural Resources Growth and Income Plc | AQSE:CYN.GB | Aquis Stock Exchange | Ordinary Share | GB0000353929 | Ordinary Shares25p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.96% | 210.50 | 194.00 | 227.00 | 210.50 | 210.50 | 210.50 | 0.00 | 06:56:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCYN
RNS Number : 3617U
CQS Natural Resources Grwth&Inc PLC
22 November 2023
CQS Natural Resources Growth & Income PLC
Monthly Investor Report - October 2023
The full monthly factsheet is now available on the Company's website and a summary can be found below.
https://ncim.co.uk/wp/wp-content/uploads/2023/11/CQS-New-City-CNR-10.23.pdf
Enquiries:
For the Investment Manager
CQS (UK) LLP
Craig Cleland
Email: contactncim@cqsm.com
Tel: 0207 201 5368
For the Company Secretary and Administrator
Frostrow Capital LLP
Eleanor Cranmer
Email: cosec@frostrow.com
Tel: 0203 008 4613
-----------------------------------------------------------------------
Fund Description
The Fund aims to generate capital growth and income, predominantly from a portfolio of mining and resource equities, and from mining, resource and industrial fixed interest securities.
Portfolio Managers
Ian Francis, Keith Watson, and Robert Crayfourd
Key Advantages for the Investor
-- Access to under-researched, mid and smaller-cap companies in the Natural Resources sector -- Quarterly dividend paid to shareholders -- Potential inflation hedge
Key Fund Facts
Total Gross Assets GBP148.14m Reference Currency GBP Ordinary Shares: Net Asset Value 200.54p Mid-Market Price 166.50p Dividend Yield (estimated) 3.4% Net gearing 10.3% Discount (16.98%)
Ordinary Share and NAV Performance
One Month Three Months Six Months One Year Three Years Five Years Since Inception (%) (%) (%) (%) (%) (%) (%) NAV -4.2 -4.6 1.6 -9.4 104.6 111.7 596.3 Share Price -6.3 -5.8 -2.9 -14.8 109.0 113.1 541.1
Commentary
The Fund NAV declined 4.2% in October, versus respective declines of 2.6% and 2.9% for the MSCI World Energy and MSCI World Mining in sterling terms.
We continue to monitor the tragic events in Israel and Gaza closely. Middle Eastern tensions have wider implications for commodities, especially if Iran are drawn into the conflict either directly or through one of their proxies like Hezbollah in Lebanon. Sanctions on Iranian crude or any threats to crude exports through the Straits of Hormuz would lift oil prices.
Commodities were generally weaker over the month with base metals, oil and gas lower. Oil is showing little "war premium" at this stage, as broader demand concerns weigh and higher rates begin to show slowing effects on the global economy.
Gold was stronger, up 7.3% over the month, trading close to all-time highs and at the highest level in most currencies other than the US dollar. Part of this was due to the Middle Eastern tensions, with physical ETF's switching from sellers to buyers in the middle of the month. The main demand driver remains central banks, with the World Gold Council reporting further strong additions through the third quarter, with 337 tonnes added. The WGC also revised up their estimates for old purchases in the second quarter of the year from 103 tonnes to 175 tonnes.
The Fund saw gains from oil and gas shippers BWLPG and Frontline, as well as Australian gold producers Ora Banda and Calidus Resources. Oil and gas drillers Transocean and Precision Drilling were detractors as the oil price pulled back.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DOCFELFDEEDSEIF
(END) Dow Jones Newswires
November 22, 2023 08:58 ET (13:58 GMT)
1 Year CQS Natural Resources Gr... Chart |
1 Month CQS Natural Resources Gr... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions