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CMHY City Merchants High Yield Trust Limited

199.00
0.00 (0.00%)
19 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
City Merchants High Yield Trust Limited LSE:CMHY London Ordinary Share JE00B6RMDP68 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 199.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
194.00 196.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 199.00 GBX

City Merchants High Yield (CMHY) Latest News

Real-Time news about City Merchants High Yield Trust Limited (London Stock Exchange): 0 recent articles

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Date Time Title Posts
24/5/202116:15City Merchants High Yield53

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Posted at 02/3/2021 14:56 by pvb
City Merchants HYT Proposed Merger with Invesco Enhanced Income Limited
01/03/2021
Posted at 28/12/2018 10:22 by kiwi2007
Investors flee risky US corporate debt
High-yield bonds and loans on course for worst month since 2011 as outflows swell

Joe Rennison and Nicole Bullock in New York 5 HOURS AGO Print this page0

US investors have pulled back sharply from the riskiest corners of the debt markets, putting junk bonds and loans on course for their worst month since August 2011, when the market was reeling from a downgrade of the US government’s credit rating.

The broad sell-off comes alongside a downturn in US equities that reflects gathering concerns about the global economy, but unlike in equities there has been little sign of a rebound in investor confidence since Christmas.

The credit premium on high-yield bonds — that is, the extra yield being demanded compared to risk-free Treasuries — has jumped by 1.1 per cent since the start of December, according to an index from ICE Data Services. That is the biggest rise in more than seven years, sending the yield on the index above 8 per cent.

Meanwhile, the average price of leveraged loans — that is, loans to risky borrowers such as companies taken private in leveraged buyouts — has fallen 3.1 per cent this month to just below 94 cents on the dollar, according to an index run by S&P Global and the LSTA. That is also the biggest one-month move since August 2011, when the US government lost its triple-A credit rating.

The volatile market conditions have kept US companies from issuing any high-yield bonds in December. Falling oil prices have also punished the market, since energy companies make up a large proportion of borrowers.

“The market just continues to weaken,” said John Dixon, a high-yield bond trader at Clearview Trading Advisors. “There is a lot of year-end selling. Oil is down. It’s a broad-based sell-off.”

Investors pulled $4bn from funds invested in US junk bonds for the week to December 26, the seventh straight week of withdrawals and the largest weekly outflow since the beginning of October.


Loan funds also saw large outflows. Investors took out $3.4bn, making it the sixth straight week of withdrawals, according to the data from EPFR Global.

“With so much negative sentiment toward anything that is perceived as a risk-on asset, cyclical or credit-oriented areas have been sold off,” said Matthew Bartolini, head of Americas research for State Street SPDR exchange traded funds. “Investors are rotating out of risky sectors and moving into perceived safe havens.”

Junk bond risk premia continued to rise, and loan prices continued to fall on Thursday, even as the US equity market enjoyed a second day of gains.

The equity market has trimmed its losses for December to 9.8 per cent, but investors remain wary about tightening financial conditions and the potential ramifications of the trade dispute between the US and China for global growth.

EPFR data showed US equity fund outflows of $6.4bn in the week ended Wednesday, slightly more than the previous week but much less than the $28bn recorded earlier in December.
Posted at 05/7/2017 16:35 by pvb
Current NAV per share around 193p:



So currently at a premium.
Posted at 10/11/2016 20:12 by pvb
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value

EXCLUDING undistributed current year revenue 183.63p

INCLUDING current year revenue 184.95p
Posted at 12/9/2016 18:37 by pvb
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value

EXCLUDING undistributed current year revenue 185.96p

INCLUDING current year revenue 188.05p
Posted at 24/6/2016 08:00 by jonwig
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.’
Posted at 24/6/2016 06:05 by jonwig
Citywire has some ITs for a "leave" vote - PNL, CMHY, PIN included.
Posted at 28/1/2016 12:43 by p@
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
Posted at 02/3/2015 21:13 by kiwi2007
Remarkable share price performance compared to the similar new city high yield
City Merchants High Yield share price data is direct from the London Stock Exchange

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