Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Cqs New City High Yield Fund Limited LSE:NCYF London Ordinary Share JE00B1LZS514 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.65 1.37% 48.10 46.80 48.00 48.40 47.00 48.40 726,169 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 21.0 18.4 4.5 10.7 207

Cqs New City High Yield Share Discussion Threads

Showing 351 to 375 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
17/7/2020
16:48
A bit long but worth a read hxxps://quoteddata.com/research/cqs-city-high-yield-sitting-pretty/
nice_bloke
16/7/2020
17:35
Today's (improved) dividend announcement should calm a few nerves imho.
hutch421
10/7/2020
15:41
Sad to say I think all these types of funds should be trading at a discout. By definition if the fund manager is taking say 1% and the coupons of the investments are say 6% then the return can only ever be 5%. You might as well go and by the underling istruments yourself. Of course many we can't buy as they are out of reach at minimum 200k but I think my point still stands. Sadly I think alot of the recent inflows are from income hunters who do not fully appreciate the risks involved it the underlying investments. I suspect they will sell and move back to their regular dividend payers once dividends start coming back. I also suspect they are going to find they don't have a very strong market to sell into. So, I think I'll be waiting a year to buy back into this one.. I don't think the dividend is sustainable at its current rate. It never has been looking at the capital depreciation since 2012
cc2014
10/7/2020
13:42
Frankly stunned to see it trading at alleged NAV. I would expect a 15 to 20% discount to NAV. Still the market knows best as always! Lol.
my retirement fund
10/7/2020
13:06
Large sellers seem to be striking through bid and selling below market, which appear to be being moved on to retail PI's at prices just above bid. I.e. buyers are paying less than mid and trades getting reported as sells. I read the research piece at length and it was good to see so much detail. The market didn't seem too excited and we've seen a bit of selling pressure but nothing significant. I expect there will be some pain somewhere down the line. It's a high yield debt fund and some of it will go wrong. I'm hoping for a spike down for an entry but market doesn't seem in the mood. Plenty of retail buyers still coming.
cc2014
05/7/2020
22:20
see link below for research piece from Quoted Data. Some points of interest - no defaults to date on debt payments - not clear as to whether share price / nav has been permanently damaged - final dividend payment is likely to be in line with final payment last year - not clear whether continued year on year dividend increases is sustainable - have cash on hand around 87% of value of yearly dividend payments to use as support if needed. Here's link: https://ncim.co.uk/wp/wp-content/uploads/2020/07/200630-NCYF-Update-QD.pdf
zac0_4
29/6/2020
11:27
The challenge of course is that over the 9 year period, high yield debt firms should have had a good run. Corporate balance sheets have been rebuilt, we've seen significant central bank intervention and defaults have been very low. I would imagine we now enter a phase where defaults are going to increase. Indeed the share price has already gapped down to reflect this. The question is whether is has gapped down enough and looking at bond prices generally right now I'd say not. Borrowing rates are still far too low for the underlying risks.
cc2014
29/6/2020
11:21
Good point, this takes care of the drawdown automatically. People can save on fees to sell every six months! :)
vacendak
29/6/2020
11:14
In such retiree investments, where the dividends are high but the capital declines, they still outperform annuities!
rahosi
24/6/2020
15:28
Totally agree. Whilst they pay a good income, the price has fallen 35% in the last nine years. Effectively reducing the income by 4% a year. Very rarely do income funds manage to beat quality investment trusts, where the dividend might be lower, but the total returns higher. That said, if I was retired I might happily invest here.
andyj
20/6/2020
11:06
A market downturn is the acid test of which investments are most resilient. All my income paying investments have performed terribly over the past 6 months - HHI -18%, MRCH -25%, NCYF -15%. All figures include capital and dividends. Alternatively I have a number of investment funds which have clearly outperformed - L&G Global Tech +20%, Rathbone Global Opps +15%, Blue Whale Growth +14%. My mind is now made up! I'll move away from income paying investments and investments that are linked with the UK stock market and move entirely, over a period of time, to Investment Funds. Less worry and better returns!!
zac0_4
08/6/2020
22:16
Looks like a Covid graph to me.
hutch421
08/6/2020
05:28
How about this: hTTps://uk.advfn.com/cmn/fbb/thread.php3?id=33645630
irkin
07/6/2020
22:35
This dog poo is presently offering a 10 percent annual dividend so tell me where else you can find a similar return?
hutch421
06/6/2020
11:07
With you andy if there is one thing I have learnt from the crash its to stay away from dog poo stuff like this!
tim 3
06/6/2020
08:53
The Net Asset Value (NAV) at 04/06/2020 was: Per Ordinary share (bid price) - including 46.10p unaudited current period revenue Per Ordinary share (bid price) - excluding 45.39p current period revenue
neilyb675
04/6/2020
13:15
Cheer up !!Fed might come to the rescue
panshanger1
03/6/2020
14:19
With much of the market recovering, NCYF plods along waiting for the next fall. Still waiting to exit my last ever income fund.
andyj
16/4/2020
12:22
The Company announces its third interim dividend of 1.00 pence per share (2019 - 1.00 pence) payable on 29 May 2020 to shareholders on the register on 24 April 2020, having an ex-dividend date of 23 April 2020.
neilyb675
09/4/2020
16:26
Andy j Sod it just got offered 49.2 so took it the wild moves were not what I opted for when buying this.Thanks for your input confirmed what I was thinking anyway.
tim 3
09/4/2020
16:11
I agree, I am hanging on for 50p which, after dividends will represent break even/minor profits. A poor return really for a holding of several years. I find these supposed income funds habitually disappointing. They tend to go nowhere in bull markets and crash the moment markets wobble, erasing years of dividends! I am moving increasingly towards funds that pay a lesser dividend but provide long term capital appreciation such as...HMWO BRNAHGTFEVMTUJAGI I mainly use preference shares for income.
andyj
09/4/2020
15:57
Thanks andyj good input thank good was not spooked into selling below 30!Tempted to sell here considering my options at present although I think the virus will pass in time nobody really knows what the repercussions will be especially with Trump throwing everything including the kitchen sink at the market to keep it up.
tim 3
09/4/2020
15:21
I should add my reasons are:Premium of 11%The likelihood of lockdowns being extended indefinitely The prospect of Europe falling apart The US earnings season due imminently Recriminations against China that will eventually follow the end of the virus.But the virus has not shown any signs of going away yet. Please don't sell on account of my reasoning, DYOR.
andyj
09/4/2020
15:14
Yes it seems that the world is quickly dismissing the threat of the virus after worrying that it was the end of the world last month! I think reality is somewhere between the two and at an 11% premium, I'm happy taking a loss here and conserving cash for the falls ahead.
andyj
06/4/2020
11:50
This has nearly doubled in 2 weeks so much for it being a boring stock.Glad I held am guessing its the update about maintaining the divi, for now that did it?
tim 3
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
ADVFN Advertorial
Your Recent History
LSE
NCYF
Cqs New Ci..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200808 07:06:30