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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Close Enhanced | CED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 186.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 186.50 | 186.50 |
| Top Posts |
|---|
Posted at 18/9/2013 15:55 by jagworth "Under the terms of the Company's Articles of Association as amended at the Extraordinary General Meeting and Class Meeting held on 19 February 2010, Shareholders are therefore due to receive a Final Capital Entitlement equal to the Net Asset Value of 185.28 pence per Share and, separately, an interest in the CECF 2010 Defaulting Note Trust. The Company's investments (excluding the Defaulting Note) have now matured and the Shares are being redeemed, with redemption proceeds expected to be paid to Shareholders on or around 5 March 2010". (from RNS about CED Maturity and Redemption 2 March 2010) I understand Tullett Prebon made a takeover offer for the Defaulting Notes in CECF 2010 at 3.78 pence per Note held. (Made in August and the offer has now lapsed I think) I would be interested to know if anyone has a view on the possible value of the Notes. |
Posted at 22/2/2011 11:05 by davebowler I wonder if this could be used against the Directors of CED?by Iain Martin on Feb 22, 2011 at 07:00 Investors plan legal action against Meteor over structured products Meteor Asset Management may face legal action from a group of eight investors who lost money in structured products backed by Lehman Brothers. Members of the group have each invested more than £100,000 in the products. They have complained to the Financial Ombudsman Service but plan to reject the FOS rulings in order to launch a legal challenge to try and recoup the full amount they invested. The Financial Ombudsman Service (FOS) is limited to awarding compensation of up to £100,000 and investors who accept FOS rulings cannot then take their complaints to the courts. One of the members of the group, who has £150,000 invested, said they had been encouraged by a FOS ruling earlier this month against Meteor. The FOS said the provider should have informed clients that Lehman Brother's credit rating had fallen below the Standard & Poor's A+ grade specified in the contract for Meteor Prima Growth Plan 7. 'We have told them in light of the recent FOS decision a full refund could save them a fortune in legal costs,' said the investor. |
Posted at 10/12/2009 15:10 by tiltonboy Managed to sell some more CED at 192p which is pleasing given the subsequent fall in commodity prices.The anticipated payout has softened by a couple of pence to 185p, and it must be hoped that the basket doesn't fall much further. |
Posted at 29/10/2009 13:13 by tiltonboy Just hope that commodities don't weaken too much in the final 17 weeks. Was quite looking forward to CED paying out somewhere in the 180's, but that may be be a bit optimistic. |
Posted at 23/9/2008 10:08 by bangor I have sold my CED positions. Watching ETFs default was a salutary lesson. My AIGA looked like it would be worthless for a while. My LSIL, which we are assured will rise at double the rate of silver, has done nothing of the sort. In short, synthetic and structured products are dodgy.I am currently keeping gold and silver ETFs which are (theoretically!) backed by bullion. I am not suggesting for one moment there is anything wrong with Close/CED but am more cautious after these experiences. Good luck to holders. |
Posted at 19/9/2008 08:29 by skyship To be fair, strictly speaking Erstwhile is right, my position in the Cotton ETF is/was a very small piece of naked speculation; but I am not so purist as to believe that no investment should be speculation. I loosely asset allocate my SIPP portfolio between ultra-safe and downright speculative, but the weighting of the latter is quite naturally very small - almost just for fun.Actually I've done quite well with minor forays into ETFs, the main player having been PHAG - the silver ETF. Though took a bit of a haircut there on the last foray! My regular forays into CED have been wholly profitable; but for the moment I'm holding off due to the counterparty uncertainties; and I wouldn't be able to arbitrage in the futures market as the account I'm managing is a SIPP. |
Posted at 13/8/2008 09:52 by skyship Idle hands.....so tried a little exercise with CED today:A 10% further fall across the board in the prices of our assets (Oil, AG, ALU, CU & ZN) would result in a 14% fall in the "Imputed NAV" (INAV). This would result in an INAV of 242p versus the current 281p. The GRY at today's offer price of 196p would be 14.8% It takes a 22% fall across all assets to reduce the INAV back to the offer price of 196p, so decided to add a few at that level - perhaps too early, but will add further on another fall. |
Posted at 23/6/2008 12:09 by tiltonboy erstwhile,I value your opinions, and wondered what level of discount you believe is appropriate for the risk of default in the underlying note issuers on CED. We are now sub 20 months to wind-up, and whilst I appreciate that a lot can happen in that time(and shorter). I am still attracted to CED, but have tempered my enthusiasm following earlier comments you have made. tia tiltonboy |
Posted at 23/6/2008 09:18 by praipus davebowler/erstwhile |
Posted at 14/2/2008 10:59 by tiltonboy schober,Both have a floor at 100p, but will redeem at whatever the underlying are standing at. As mangal points out CED look better value, on a larger discount, and with less time to run to maturity. CED2 offers greater protection if the underlying basket falls significantly. I favour CED, but my colleague is buying CED2. You pays your money..... tiltonboy |
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