Cqs New City High Yield Share Discussion Threads

[8w] 27/4/2015 09:03

Bought in today. Been on watch list for a while, IC article triggered action. Looked at video interview by Manager and it gave me confidence. The trust has taken a position which has perhaps missed out on small(ish) capital gains but at this time I do believe that the low duration profile will offer some protection over the next few years.

Good luck to all holders.

[irenekent] 25/4/2015 10:05

Having just encountered this trust and watched the interview with Ian Francis I think he came across very well. He is not selling snake-oil; he seemed the sort of bloke who examines things carefully whilst accepting that some times things go wrong when circumstances suddenly change without warning.

A capable pair of hands - I will consider investing.

[dragonsteeth] 21/4/2015 08:44

RCT, I read it with mixed feelings, it gives good detail of strategy but performance for me is mixed . I was intrigued to note that it "topped up" on SLI , Standard Life Investment Property Trust as Last year I bought SLI the same time as NCYF, but SLI has outperformed by about 18% - clearly not like for like ITs but NCYF has been a disappointment for me.

[rcturner2] 20/4/2015 06:55

Detailed one page write up on the trust in last weeks IC (the trust is in the IC's top 100 funds list).

[petewy] 02/4/2015 13:29

I agree with dragon... to quote Mr Ian Francis "being an old cynic" that's my language.

[asmodeus] 27/3/2015 10:50

You're right, Euro. If I jump out of NCYF. I'll just walk carefully into a less uncomfortable pot - and probably after the election, the Yemen war, the Grexit and the American interest-rate rise! That's hpw optimistic I feel at the moment! Edit :- I've jumped.

[asmodeus] 26/3/2015 18:29

Very pleased to find that I am not alone in this, including your view, kiwi, in that if I was not already in, I would not buy. I am even tempted to sell, and put the funds in CMHY.

[kiwi2007] 26/3/2015 18:18

I must admit I took one look at him and thought 'Would I trust this guy with my money"? The answer is, unfortunately, that I am doing....but I certainly wouldn't were I not already in.

[envirovision] 26/3/2015 16:31

He did not sound comfortable did he, he came across as someone who did not really want to be there as if he had no choice.

[asmodeus] 26/3/2015 16:24

Have to say I was not happy about the way he avoided looking at the interviewer much of, or even most of the time. Say that is a trivial matter if you like.

[envirovision] 26/3/2015 11:28

Interview with the fund manager

[kiwi2007] 18/3/2015 08:06

Easy to see the divergence from a very similar trust since the original announcement.

[kiwi2007] 18/3/2015 08:01

I'm guessing that the 'tap' they put into the market recently favouring big shareholders didn't do the business... now they're trying to push what's left onto the smaller shareholders who they've treated like mugs.

Gone right off this co.

[asmodeus] 17/3/2015 14:38

I have just had details of a subscription offer for these which, unless I misunderstand it, means I can buy min £1000 worth at the higher of NAV plus 3%, which means about 64.3p or 90% of mid-market price on 27th March. Current mid-market appears to be 61.75. Why would anybody want to pay more than the price on the open market? No doubt I am missing something - or the word should be lower - not higher?

[garycook] 14/3/2015 01:27

Purchased for my Income Portfolio NCYF are yielding 7% with a yearly Dividend pay out of 4.31p DYOR

[tiger20] 06/3/2015 16:12

John Baron in Investors Chronicle tipping the share today for income seekers premium about 3 to 4% long term average 10% worth buying

[stevestallwood] 06/3/2015 11:16

Re 62/78 - Many thanks

[rcturner2] 06/3/2015 07:01

If the new shares are issued at a price that is higher than the NAV, then the average NAV over all shares will have increased, after the new issue.

[stevestallwood] 05/3/2015 18:51

RE post 62 4th Feb.

Hi, I'm not an expert and am curious. How does issuing MORE shares improve the NAV/share?

[kiwi2007] 02/3/2015 21:18

Poor recent share price performance compared to the similar city merchents high yield

[envirovision] 25/2/2015 11:12

So one assumes the issue of further equity will not effect the yield

[dragonsteeth] 25/2/2015 10:40

An interesting half yearly report, well worth reading.