Cqs Natural Resources Gr... Share Discussion Threads

[neilyb675] 06/6/2020 08:56

The Net Asset Value (NAV) at 04/06/2020 was:


Per Ordinary share (bid price) - including
unaudited current period revenue*

92.61p

Per Ordinary share (bid price) - excluding
current period revenue*

92.60p

[spectoacc] 22/5/2020 09:00

CYN weren't one of the ones I sold (& didn't sell enough), so still in. Commods perhaps still to have their day in the sun when the money-printing extends.

[0x3f] 22/5/2020 08:42

HugePants, thanks - though I rather foolishly didn't buy back in at the 50p level. Still watching for now.

-0x3F

[neilyb675] 22/5/2020 07:38

The Net Asset Value (NAV) at 20/05/2020 was:


Number
of shares
in issue:

66,888,509


Per Ordinary share (bid price) - including
unaudited current period revenue*


90.87p


Per Ordinary share (bid price) - excluding
current period revenue*


90.85p

[hugepants] 21/5/2020 20:38

That was some call 0x3f.

Still its been a good recovery from 50p and nav is back over 90p.

[spectoacc] 07/2/2020 20:50

Agree with that.

[0x3f] 07/2/2020 20:30

I like tbe fund, but sold out today. The markets are completely ignoring the China situation, for now. I think there'll be a negative reassesment in the near future. Saying that, gold and FI holdings should help the performace here compared to ofher funds / wider market.

-0x3F

[hugepants] 07/2/2020 14:38

Then again at the last factsheet 4.8% of the NAV was in HUR. Still the fall in HUR is in the price.

[hugepants] 07/2/2020 14:35

Maintaining a 20% discount here. Looking at the portfolio they have hardly any exposure to oil or thermal coal so relatively green.

[hugepants] 17/1/2020 16:22

NAV 115p. Despite the gradual rise still on a 20% discount.

[keith95] 03/1/2020 18:58

Agreed .... 118p target if patient .... but I rarely am.

[spectoacc] 02/1/2020 13:58

Still a thumping discount, but a little surprised to see someone took a nibble at 91p!

[keith95] 02/1/2020 13:55

Yup .... good to see ;)

[playful] 02/1/2020 13:32

We seem to be waking up here...

[keith95] 31/12/2019 22:11

hxxps://www.hl.co.uk/shares/shares-search-results/c/cqs-natural-resources-growth-and-income-25p


R.E.A. Holdings 9% Cumulative Pref Ord £1 4.20%

Palm Oil rallied nicely with the above ceasing dividend payments last June presumably to resume in the near future with a payback.

Hurricane Energy is the current under performer in the top 10 list.

21% discount is the average this past year and since about 2010 by the look of the chart.

The problem here is a reduction in institutional investors over the past few years. Too many retail investors so the share is off the radar IMO.

[spectoacc] 31/12/2019 09:12

Discount highest it's been in a while and some decent gold exposure - c.17% at last Factsheet. Mind you - last run-up in gold didn't seem to help the share price that much. Suspect if gold does go for it again, it might.

[neilyb675] 31/12/2019 09:06

This is definitely ADD territory for me.

[hugepants] 30/12/2019 15:51

Certainly looks cheap on a 24% discount and 6% yield. Yield may not always be covered from income but they are taking a "total return" approach to the dividend.

[spectoacc] 20/12/2019 15:29

Barely changed over a year. Best that can be said about CYN is that it pays a decent divi, & is surprisingly unvolatile for the sector.

The worst? That it's down over 5 years, 10 years, and the charges are much too high. And discount persistent.

Remain a holder - for the yield. One day I'll rotate into something better.

[neilyb675] 18/11/2019 12:48

Added at 86

[hugepants] 16/10/2019 18:00

Picked up some of these

[keith95] 06/10/2019 13:33

....




26% Gold / Silver holding .. .reduced Iron ore position whilst picking up 2.7% of its holdings in Raven Russia 12.7% preference shares at depressed prices ... or fire sale from Woodford Fund.

I like this fund especially given Ian Francis's contribution that links fixed interest securities with equity ensuring that income is generated from the fund.

GPM seems a black sheep ... and keeps me on my toes with the other two managers ...

[neilyb675] 27/9/2019 17:38

I think it has to narrow, and that I think price will rise to circa 100p by y/e.

[spectoacc] 27/9/2019 17:27

Discount just seems too wide IMO, but I would say that. Been as high as 10% over past 12 months, but currently c.25%.