Cqs New City High Yield Share Discussion Threads

[tim 3] 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.

[andyj] 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.

[tim 3] 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.

[andyj] 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.

[tim 3] 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?

[neilyb675] 19/3/2020 14:18

Bought back in yesterday having exited at 55p. I think drip feeding is a great idea.

Also bought back into RGL, MCT, TRIG, HICL.

Good luck all.

[carterit] 19/3/2020 14:13

19 Apr 2011 Interim GBX 0.85 30/06/2010 30/06/2011 27/04/2011 03/05/2011 27/05/2011 -
20 Jan 2011 Interim GBX 0.85 30/06/2010 30/06/2011 26/01/2011 28/01/2011 25/02/2011 -
21 Oct 2010 Interim GBX 0.85 30/06/2010 30/06/2011 27/10/2010 29/10/2010 26/11/2010 -
21 Jul 2010 Final GBX 1.20 30/06/2009 30/06/2010 28/07/2010 30/07/2010 27/08/2010 3.75
22 Apr 2010 Interim GBX 0.85 30/06/2009 30/06/2010 28/04/2010 30/04/2010 26/05/2010 -
21 Jan 2010 Interim GBX 0.85 30/06/2009 30/06/2010 27/01/2010 29/01/2010 26/02/2010 -
27 Oct 2009 Interim GBX 0.85 30/06/2009 30/06/2010 28/10/2009 30/10/2009 27/11/2009 -
23 Jul 2009 Final GBX 1.10 30/06/2008 30/06/2009 29/07/2009 31/07/2009 28/08/2009 3.65
22 Apr 2009 Interim GBX 0.85 30/06/2008 30/06/2009 29/04/2009 01/05/2009 29/05/2009 -
21 Jan 2009 Interim GBX 0.85 30/06/2008 30/06/2009 28/01/2009 30/01/2009 20/02/2009 -
22 Oct 2008 Interim GBX 0.85 30/06/2007 30/06/2008 29/10/2008 31/10/2008 24/11/2008 -
24 Jul 2008 Final GBX 1.02 30/06/2007 30/06/2008 30/07/2008 01/08/2008 29/08/2008 4.42
24 Apr 2008 Interim GBX 0.85 30/06/2007 30/06/2008 28/04/2008 30/04/2008 30/05/2008 -
23 Jan 2008 Interim GBX 0.85 30/06/2007 30/06/2008 28/01/2008 30/01/2008 28/02/2008 -
23 Oct 2007 Interim GBX 0.85 30/06/2007 30/06/2008 29/10/2007 31/10/2007 23/11/2007 -
17 Jul 2007 Interim GBX 0.85 30/06/2007 30/06/2008 23/07/2007 25/07/2007 24/08/2007

...and at the depths of the 2008/9 financial crisis they dropped to about 35p,but kept their dividends at around 0.85p.

For me as an income seeker,if they are able to do anything like that again,then i am less worried about short medium term issues and with auto dividend reinvestment will pick up more than i would otherwise.

However,if this is armageddon then of course all bets are off.

[tim 3] 18/3/2020 20:21

Cheers.

Don't worry have no intention of selling at these prices even though I actually expect lower.Am confident in the future the losses will be reversed but will take time.Just pee's you off.

[panshanger1] 18/3/2020 20:08

Not many feeling much different at the moment Hang in there and don't give anything away - the wheel will turn eventually IMO

[tim 3] 18/3/2020 20:05

Horrible just horrible days like these I question why I invest in the markets.

Its like every share I own has issued a profit warning at the same time!

[carterit] 18/3/2020 17:55

Bought these along with IPE and HHI several years ago - after checking how they fared in the 2008 financial crisis. All got hammered but the dividends held up reasonably well during and in the aftermath.

IPE currently 50 dropped to 23 Nav 56
HHI currently 108 dropped to 80 Nav 130
NCYF currently 27 dropped to 35 Nav 45

I shall continue to hold and see what happens,and hope that with all the promises that governments are throwing around,will lead to similar this time.

With these and my other trusts ,at least i am drip feeding about 2K per month into about 20 funds with the automatic reinvestment.

[cc2014] 17/3/2020 21:30

A disgrace really. This was trading at around 7-10% above NAV for months/years as IC continued to support it along with I suspect a number of investment advisors.

I'm not even sure it was buying more and more risky debt, more that as it raised more and more cash at a premium to NAV, it kept buying the same stuff thus enhancing the NAV even more.

I really feel for anyone invested in this or any of the other high yield debt.

Whilst I got out of this near the top along with IPE and the rest of my high yield stuff I still feel the pain. I have enough painful trades.

[my retirement fund] 17/3/2020 19:57

I guess the piper needs to be paid, all those years of maintaining a premium to NAV in order to issue more and more premium equity in order to buy riskier and riskier debt to keep the fund going and in order to maintain yield as lower risk debt was redeemed.

[eeza] 23/1/2020 08:54

Thnx, Joe.
Just had a look at the website, XD today, next XD 22 April.

[lord gnome] 27/11/2019 16:08

In demand today for some reason unknown to me. Market soaking up a lot of sells and yet the share price moves ahead. Have I missed something? Not that I'm complaining.

[aleman] 15/10/2019 16:32

He did reasonably well and played regularly in a dire team. Some fans wanted to try keep him. He was not the most skillful player and needs a bit more nous and calmness, but he was fairly quick and did work exceptionally hard to justify his place and could benefit from having better players around him. (A lot of ours couldn't be bothered and most got cleared out in the summer for it.) I doubt he'll be good enough for regular Championship outings but I am sure he will improve a bit and justify a living as a decent League 1 player or a Championship reserve.

[kiwi2007] 15/10/2019 09:54

Thanks for that Aleman. Helpful as usual :o)
And thanks to your club for looking after Lewis O’Brien so well for us last season. ;o)

[aleman] 11/10/2019 11:32

It was in the results:



Rating of fixed income securities 2019 2018
% %
------------------------------------- ------ ---------
BB+ - 1.1
BB 0.4 -
BB- 5.9 2.5
B+ 21.8 9.0
B 12.8 4.4
B- 12.5 9.0
CCC+ - 9.2
CCC - 6.3
CCC- 0.3 4.2
Not rated 46.3 54.3
------------------------------------- ------ ------
100.0 100.0
------------------------------------- ------ ------

46.6% in junk puts me off investing. Junk bond spreads have been blowing out for 12 months in a recessionary fashion so I think it's a bad place to be until central banks' policies start to get them to change direction - and they seem well behind the yield curve at the moment. Until they catch up, I think it will get worse and the Bs will also start to blow out. That's another 47.1%!

[kiwi2007] 11/10/2019 10:36

Would be nice to see a breakdown of the credit ratings of the fixed interest holdings that they own.
CMYH, a similar IT are open about their holdings


I can't find any mention of ratings on NCYF's site?