Cqs New City High Yield Share Discussion Threads

[petewy] 09/3/2021 10:45

agreed winsome. Every two years there's some panic selling but the share stays the same.

[yieldsearch] 09/3/2021 10:09

definitely good opportunity to load up this morning. Thank you Mr Baron

[winsome] 09/3/2021 09:29

High yield funds are suffering past few days. Look at HDIV and IPE. Also dived as investors' current fear of the week is inflation. Probably not a good idea to think John Baron or otherwise has any inside info or better knowledge than the rest of us. I've held NCYF for years and will continue to do so, so recent share price movement of no concern.

[zac0_4] 09/3/2021 09:23

Yet another holding providing income at the expense of capital decline.

[cc2014] 09/3/2021 09:22

What a lovely morning. I am very happy to have loaded up on these thanks to Mr. Baron.

[neilyb675] 09/3/2021 08:27

NAV was near 50p yesterday, this is being sold heavily today.

[andyj] 09/3/2021 08:18

Interesting, also intrigued why.

[solarno lopez] 09/3/2021 08:12

Did he give any reason Noiseboy ?

[noiseboy] 09/3/2021 08:06

Jon Baron sold a few, he's had them for years.

[voci] 08/3/2021 21:48

My income investments ipe & smif also down.

[my retirement fund] 08/3/2021 17:07

Yes saw that, it got well pasted into the close and a volume turnover much higher than average too! Ominous, wonder if there's more to come?

[jong] 08/3/2021 16:50

Why the big sell off at the end ?

[killing_time] 01/3/2021 16:44

So did HL on Friday

[stemis] 01/3/2021 13:24

EQi credited the dividend on Friday also

[fordtin] 01/3/2021 12:56

Jon -

IG credited the NCYF dividend on Friday. However, I haven't received the dividend for shares of another company held in a Halifax ISA, which was due to be paid on Friday.

[jong] 01/3/2021 12:44

Is anyone with a nominee account still waiting for last weeks (26th Feb) dividend to appear ? I'm with Halifax Sharedealing and still no sign of it yet.

[winsome] 26/2/2021 10:08

I'd have liked more detail on any payment defaults/deferrals on their books. I know REA, Pizza Express and Punch Taverns are/were struggling. A general honest assessment likely near future problems with payments.

[lab305] 26/2/2021 08:48

Fairly decent results this morning and the stock marked down. I bought more in two lots , both show as sells. This is a stand out company with a diversified portfolio paying very good dividends. Even if the stock drops a couple of pence on the eccentricities of the market , you get your money back in six months. A no brainer at this price.

[shalder] 02/10/2020 14:50

Doesn't mean a lot in reality, just bought @ 45.8

ps: ADVFN have it as a sell..

[mondex] 02/10/2020 14:37

Anyone like to comment on why the MM's have a (nearly) 5% difference between the buy & sell prices?

[panshanger1] 21/9/2020 10:10

Still benefiting from pretty solid update last week

[ramellous] 19/8/2020 12:47

Had a mention on interactive investor.



A more intriguing option is CQS New City High Yield (LSE:NCYF), a £233 million trust run by equally seasoned bond investor Ian Francis. This high-income specialist yields an eye-watering 9.3%, which indicates that it is not for the nervous. Nevertheless, the shares trade on a premium of around 3%, which is far lower than many other specialist income-producing trusts. But what adds to the attractions of this trust are its revenue reserves: at £17.3 million and rising this equates to almost a year’s worth of the previous year’s total dividend, which is a handy cushion.

[nice_bloke] 17/7/2020 16:48

A bit long but worth a read
hxxps://quoteddata.com/research/cqs-city-high-yield-sitting-pretty/

[hutch421] 16/7/2020 17:35

Today's (improved) dividend announcement should calm a few nerves imho.

[cc2014] 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