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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.60 | -1.16% | 51.20 | 51.00 | 52.60 | 51.40 | 51.00 | 51.40 | 705,338 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 8.37M | 3.2M | 0.0060 | 85.00 | 273.79M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/12/2015 15:51 | Fair points RCT, given which the price is back in interesting territory for an income portfolio. Have just picked up 5k (shown in trades data as a sell). | shalder | |
01/12/2015 13:58 | On its way south again, and yield getting very attractive. | deadly | |
26/11/2015 22:08 | Good point, RCT. Think I'll get back in again. | asmodeus | |
26/11/2015 08:34 | shalder, the only place likely to raise rates is the US, and probably not by much. The likely impact of such a rise on the type of bonds that this trust holds is very small. If you read the IC write up when they tipped this recently, they gave quite a good explanation of the bonds held by the fund, most are relatively short dated (within 18 months) and they simply hold to maturity and reinvest, so actually a decline in bond prices will mean that any loss on existing holdings will be balanced by gain in any new bonds bought with the redemption sums. Given also that they are continually issuing new shares for cash, they are buying bonds in the market with that cash, so again any change in bond prices is mitigated by that. | rcturner2 | |
25/11/2015 16:35 | That's the problem I have. the premium to nav has gone back up at a time when rising interest rates are surely imminent, and therefore high yield (i.e. lower credit rated) bond prices are likely to be under downward pressure. not a good combination imo. | shalder | |
25/11/2015 15:11 | Why do you think they will be stuck at 60? They hold bonds, which will surely fall when interest rates rise? | asmodeus | |
25/11/2015 13:57 | A tap issue in response to market demand of 5.6m new ordinary shares. (356m shares outstanding) which is a hefty addition. Why? Thinking of returning as a holder for div. (Retired skintOAP) Want stock with div and increase in value potential, these I feel will be stuck at 60+ ad infin. | petewy | |
25/11/2015 13:13 | I think they had issued just under what they had been given by the book builder so had to add another 200k to meet the book. Probably admin. They don't want to let the share price go to a massive premium to NAV and would prefer to simply increase the fund size. If the reverse is true they can sell down the fund and buy back the shares, sure thing - if they want to. | my retirement fund | |
25/11/2015 12:35 | The issued shares in two unusual blocks in two days doesn't make sense.(To me. Hemnce the question). If there's a demand for the share let the price rise. Or is it a way of keeping the price level, about 60p. If shares are not in demand are those shares bought back? | petewy | |
25/11/2015 10:38 | whats the question? | my retirement fund | |
25/11/2015 10:07 | I understand that but it's no the answer. | petewy | |
24/11/2015 14:44 | pete, they are simply increasing the size of the trust. Essentially since the share price is at a premium to NAV, it means that people want to buy into the assets and they are issuing shares for cash to new buyers. | rcturner2 | |
24/11/2015 14:34 | 23 November 2015 ISSUE OF EQUITY The Company announces that, conditional only on Admission becoming effective, it has allotted, by way of a tap issue in response to market demand, 5,670,940 new ordinary shares of no par value (the "New Shares") for cash, at a price of 58.50p per share, a premium to the Company's net asset value. 24 November 2015 ISSUE OF EQUITY The Company announces that, in response to market demand, 200,000 new ordinary shares of no par value (the "New Shares") for cash, at a price of 58.50p per share, a premium to the Company's net asset value. What's this all about? Any thoughts. | petewy | |
06/11/2015 14:20 | Yes tipped in IC with a risk rating of "medium". | tenbag | |
06/11/2015 11:02 | I like these, also like CYN. | neilyb675 | |
06/11/2015 10:55 | Agreed MRF, also thought bond & FI style investments given a boost by BoE comments yesterday. I topped up here at the start of the week, a LT hold for me. Tipped in IC today, apparently too, though not seen. | wirralowl | |
06/11/2015 10:07 | Indeed they have a commendable track record for increasing the dividend even if nav is stuck in a rut.I am always wondrous to why more investors are not seeking these types of investments after all the general stock market is proving its a lagard flatliner and they have already been told interest rates will be miniscule for a long time to come.I think many medium grade bonds are still underpriced and they have the opportunity to use leverage to increade longer term nav because eventually these bonds will need to reflect a lower interest rate economy.Even the BOE are talking about unwinding their 375bn qe books so they must imagine there will be an increase in bond market demand. | my retirement fund | |
06/11/2015 09:53 | I've held these for about a year now and share price and NAV have been disappointing . I'll continue to hold for the dividend and that divi increase is welcome. | dragonsteeth | |
05/11/2015 17:45 | First Interim Dividend CQS New City High Yield Fund Limited (ticker symbol NCYF) today announces a first interim dividend of 0.97 pence per share payable on 27 November 2015 to shareholders on the register on 30 October 2015, having an ex-dividend date of 29 October 2015. The payment of 0.97 pence per share represents a 3.2% increase on the 0.94 pence per share paid in respect of the same period last year. | my retirement fund | |
28/10/2015 19:32 | Ex dividend tomorrow. | plasybryn | |
22/10/2015 09:58 | This trust comes under the heading of "it does what it says on the tin". Gives a decent yield with some NAV growth thrown in there in good years. | rcturner2 | |
22/10/2015 09:39 | Report seems all very steady as she goes and as though our fund is being diligently managed. It would be nice if they could increase the gearing further to boost the dividend further as they are paying such a small amount for the loan | my retirement fund | |
22/10/2015 07:14 | div increase | neilyb675 | |
27/8/2015 22:15 | Many are rushing to buy at 57p today when most were selling at 53.5 three days ago. Herd instinct? | deadly | |
27/8/2015 21:50 | Looks like theres slso a larger buyer here now | my retirement fund |
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