Cqs Natural Resources Gr... Share Discussion Threads

[nimbo1] 20/4/2016 16:05

NAV now above 122. This should go to 100p pronto if markets stay level

[brucie5] 20/4/2016 08:46

That's a sizeable discount.

[davebowler] 20/4/2016 08:27

The NAV per ordinary share as at the close of business on 18 April 2016:


Pence per Share
Cum Ex
Income Income
Basic 118.99 117.96

[nimbo1] 19/4/2016 20:20

NAV moving up nicely atm

[davebowler] 19/4/2016 11:47

The NAV per ordinary share as at the close of business on 15 April 2016:


Pence per Share
Cum Ex
Income Income
Basic 117.90 116.89

[davebowler] 07/3/2016 15:39

The NAV per ordinary share as at the close of business on 3 March 2016:


Pence per Share
Cum Ex
Income Income
Basic 105.35 104.75

[brucie5] 02/3/2016 09:51

Wel,looking very strong now, as is BRCI. First time since 2014 it's poked its head over the 200ma.

[danieldruff2] 01/3/2016 10:36

Surely more sensible to use the NAV to work out gearing than whatever the share price happens to be today, in which case it's closer to 50% after some CULS being bought back as well

[brucie5] 01/3/2016 10:12

rambutan, the mcap is only £56m. That's like 71% gearing.

[rambutan2] 17/2/2016 15:28

I'd worry about the debt ie £39,929,453 nominal of 2018 CULS remains in issue. Conversion price is in the heavens, so need huge rally in commods by 2018 date or going to have to find a lot of cash, or the debt holders are going to push for something much higher, and nastier to equity holders, than 3.5% pa. imho

[nimbo1] 17/2/2016 10:12

To state the obvious they are too cheap if the NAV keeps increasing. I would expect further volatility but hopefully we have seen the lows. Famous last words.

[brucie5] 15/2/2016 10:26

RNS today: The Board of City Natural Resources High Yield Trust plc announces that on 12 February 2016 the Company purchased GBP1,376,000 nominal of 3.5% Convertible Unsecured Loan Stock 2018, for cancellation, at a price of 95.00p per GBP1 nominal of loan stock.

Are these too cheap?

[chillwill] 26/1/2016 18:03

Looks like good value to me. Wouldn't be particularly surprised if it did go lower, but if/when markets do stabilise I'd expect some nice capital growth along with the dividend. However, short to medium term volatility seems to be the forecast for the moment.

[nimbo1] 26/1/2016 11:53

Bear markets so difficult to read. So sticking my contrarian hat on I have invested here. Just following the directors and obtaining some income in a ridiculously beaten down sector. Hope it works out : )

[neilyb675] 20/1/2016 11:15

City Natural Resources High Yield Trust plc (ticker symbol CYN) announces a second interim dividend of 0.86 pence per share (2015: 0.86 pence per share) payable on 29 February 2016 to shareholders on the register on 29 January 2016, having an ex-dividend date of 28 January 2016.



The 0.86 pence remains in line with the dividend paid in respect of the same period last year.

[brucie5] 16/1/2016 19:14

Nope. The oil in the mix is continuing to drag CYN down.

[brucie5] 13/1/2016 08:56

Sign of value?
------------------------------------------------------------------------
CITY NATURAL RESOURCES HIGH YIELD TRUST PLC (THE "COMPANY")

TRANSACTION IN OWN SECURITIES

The Board of City Natural Resources High Yield Trust plc announces that on 12 January 2016 the Company purchased GBP530,000 nominal of 3.5% Convertible Unsecured Loan Stock 2018, for cancellation, at a price of 96.50p per GBP1 nominal of loan stock.

Following this transaction, GBP37,309,453 nominal of CULS remain in issue.

For further information, please contact:

[brucie5] 12/1/2016 22:14

Tis a brave man who calls the bottom... and not sure if I'm brave enough. But this looks like a triple bottom, which may continue to be tested for a while.

[danieldruff2] 24/11/2015 18:19

It's all in the final results. Last year's divi was uncovered but paid out, IIRC they said they would do this from reserves in the event of a shortfall, and that's what they did. This year's reported earnings were 6.15p covering the divi of 5.6p so looks fine going forward.

[bluetooth] 24/11/2015 17:49

How safe is the dividend on this - any views?

[bartle] 28/9/2015 15:17

Commodity stocks are getting trashed and CYN along with them. At some point we will reach the bottom but we are definitely in catch a falling knife territory here. At some point there will be real value but who can tell when? The 20% discount to NAV and the divi make it a hold for me, for now anyway.

[chillwill] 25/8/2015 11:51

Dividend payment on the 28th.

Lost a third of NAV in 5 months as mines dragged lower. Commodities demand low due to high inventories. Hopefully just part of the business cycle, but with so much gearing about, caution is advised!

[thuja2] 09/7/2015 19:05

This investment trust don't seem to be able to get it right, everything goes up but CYN go down, despite IC giving a good write up about it! come on CYN sort yourselves out.