Cqs New City High Yield Share Discussion Threads

[my retirement fund] 27/4/2017 09:06

Indeed so long as your aware it trades at a premium to NAV

[petewy] 25/4/2017 14:33

Divi's OK. Growth ?? More ISA money may change that.

[garrigan] 25/4/2017 10:45

Bought in yesterday, for divi and for growth. This is a solid fund with an exceptionally good divi.

[neilyb675] 19/4/2017 12:46

CQS New City High Yield Fund Limited (ticker symbol NCYF) today announces its third interim dividend of 0.98 pence per share (2016 - 0.97 pence) payable on 31 May 2017 to shareholders on the register on 28 April 2017, having an ex-dividend date of 27 April 2017

[lord gnome] 18/4/2017 21:15

Announcement due any day now, Plasybryn.

[plasybryn] 18/4/2017 20:13

Do we go Ex dividend soon please?

[petewy] 30/3/2017 09:50

Thanks Kiwi

[kiwi2007] 10/3/2017 08:37

RED5 - Might also be worth looking City Merchants High Yield (cmhy)...

[rcturner2] 10/3/2017 07:37

I think he meant that the assets held by the fund are bonds (other people's debts).

[tournesol] 09/3/2017 23:19

Lord G

Senior moment?

NAV is net ASSET value

nothing to do with debt

[lord gnome] 09/3/2017 23:09

Net Asset Value - the market value of the debt it holds.

[red5] 09/3/2017 22:22

NAV is what sorry

[drradcliffe] 09/3/2017 21:51

It's a high yield, and pays quarterly. But some of the assets invested in are of fairly low quality. It typically trades a little over NAV.

[red5] 09/3/2017 21:31

thinking of investing in this company for income what are the up and down sides

[neilyb675] 18/1/2017 20:22

great income

[plasybryn] 10/1/2017 15:39

Has the next dividend been announced yet? Should be late January based on previous dates I think.

[getscenic] 20/11/2016 20:12

Nothing, I have been researching alot of I.T's today and there are some crazy nav disc and premium's. They have a way of sorting themselves out by market opening

[11_percent] 20/11/2016 15:42

I amm looking at HL site, for NCYF.

NAV has fallen to about 5p.

The premium is shown as over 800%.

What's up.

[kiwi2007] 19/11/2016 22:07

Solarno - Long term bond prices are falling (and may continue to fall if you read the financial press).

Here's performance of several popular US bond index ETFs since mid-year:

iShares iBoxx Investment-Grade Corporate Bond (NYSEARCA:LQD): -3.8%

iShares 7-10 Year Treasury index (NYSEARCA:IEF): -5.8%

Long-Term Treasury bonds (TLT, TLO): -12%

So a move into shorter dated makes sense. It's about capital preservation in the bond market at the moment.

[solarno lopez] 11/11/2016 06:47

I am really disappointed by this but wonder what their reason is

Thanks MRF

[my retirement fund] 11/11/2016 00:11

oops looks like they have been selling valuable high yielding perpetuals for short dated rubbish - also noted from their comment about bond prices performing strong its a pity the same can not been said for their value of their underlying assets at 55p !


hmmmm..........

examples would be selling Ecclesiastical 8 5/8% perp, Santander
10 3/8% perp well above par and re investing in bonds such as Pizza
Express 8 5/8% 2022, Perform Group 8 1/2% 2024, Altice 7.25% Euro
denominated bonds of 2022 and more of the Altice 7 3/4% Dollar
denominated bonds of 2022. Market anomalies provided a few opportunities
to invest in grossly under-priced bonds such as Tesco Property Finance
7.6227% and Scottish Widows

[asmodeus] 17/10/2016 20:28

Plas y Brenin - I remember it well........

[plasybryn] 17/10/2016 16:39

Thanks hastings. Where did you find that info please?

[hastings] 17/10/2016 16:27

30th xd - payment 28 Nov