City Merch. Share Discussion Threads

[pvb] 09/10/2012 14:39

CMHY thread now set up. (Rather late!)

[pvb] 17/4/2012 12:19

A technical point. I've received the new share certificate and the Par Value is given as Nil, the old shares_ had a Par Value of 2p. Does anyone know of what significance this is, if any?

[simon gordon] 04/4/2012 14:36

Doesn't look like he's around, no posts in last 90 days. Will you do the honours?

[pvb] 04/4/2012 14:25

New ticker: CMHY

Is washbrook still around to do the honours?

[pvb] 04/4/2012 14:23

eithin - 1 Apr'12 - 12:18 - 59 of 60

Paid nett prior. Should now be + 1/4 so last years 10p nett should become 12.5p hopefully.

Sorry, I just don't understand this. It wasn't paid nett before - it was just paid. That's how all UK Co. dividends are paid (OK not going into REITs). From now on it does not have to pay Corporation Tax so there could be greater cash available to pay as a dividend. Is that what you mean?

[simon gordon] 03/4/2012 20:40

New ticker: CMHY

[eithin] 01/4/2012 12:18

Paid nett prior. Should now be + 1/4 so last years 10p nett should become 12.5p hopefully.

[pvb] 30/3/2012 17:56

Share price should remain the same but dividend can now be paid gross

Gross in what sense? How is this different from before?

[tiger20] 30/3/2012 13:51

Shares de listed from LSE today and will run from Jersey and reapply to LSE for next monday.

Share price should remain the same but dividend can now be paid gross

[eithin] 19/3/2012 11:26

If held in an ISA, divi should increase, paid gross, Is this correct ?

[damanko] 01/3/2012 10:11

dd, quite possibly CHY will continue to do well - by avoiding the tax charge that would otherwise apply by being domiciled in London. I too bought several years ago, and by always reinvesting dividends effictively bought at around £1.13, held within an ISA.

Weighing up the options, I decided against all that form filling and what not, sold yesterday for a profit of 45%. The market has been bouyant since the turn of the year, one thing that this market has shown us over the last decade is that sometimes it's wise to take profits. I hold plenty of IT's, have since the 80's and 90's, if anything I've been a little too loyal, if I had sold some 11 or 12 years ago I'd have received more than I would today. C'est la vie, my choice. Good luck if you continue to hold. There are a few other quality income IT's out there........Was time for me to move on is all.

[ddavenport] 29/2/2012 12:08

Saw somewhere that shareholders should vote on the move to Jersey: does anyone know how, where, and until when?
Damanko - why should the move lead you to think that CHY might do less well with a Jersey registration? Is there another hi-income trust that does as well as CHY? You have given me food for thought. At today's price yield is 6.5% - a wee bit better than be building society and the share price has risen 14% since 1st Jan 2012. I bought years ago at a price of £1.71 and have had my moments, espec when it fell to less than £1 (2008), but have hung on and collected the dividends throughout. I don't see why a Jersey registration should change things - indeed if it is to reduce tax we might see an improvement

[lost and found] 23/2/2012 19:26

But no Div in May! So just an early payout really.

[eithin] 22/2/2012 07:43

Extra 2.4p divi for 28th. March.....

[gorse] 24/1/2012 00:47

Yes, I'm in quite heavily.

[alun rm] 23/1/2012 20:30

Going x divi on Wednesday, with 2.5p for holders, payable 25th February. I picked up a few for some income. Anyone else watching? Alun

[davebowler] 11/11/2010 16:24

ILH its sister fund is below asset value yet this one above!

[davebowler] 02/9/2010 16:07

And both up today.

[davebowler] 01/9/2010 14:31

ILH and HDV both at a discount still- compared to this at a premium.

[davebowler] 10/8/2010 11:46

ILH again at a discount and this at a premium.

[davebowler] 20/4/2010 15:46

ILH Invesco's own sister fund is on a 9% discount to NAV (admittedly with higher gearing) whereas this is at a premium

[washbrook] 14/4/2010 11:16

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[davebowler] 14/4/2010 10:48

ILH Invesco's own sister fund is on a 6% discount to NAV (admittedly with higher gearing) whereas this is at a premium

[davebowler] 09/4/2010 15:27

CHY now at a premium to asset value whereas HDIV is still at a good discount