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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 0.39% | 51.80 | 51.60 | 52.00 | 51.80 | 51.40 | 51.60 | 2,286,371 | 14:13:41 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 8.37M | 3.2M | 0.0060 | 86.33 | 278.09M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/12/2015 10:04 | Bought 9,000 this morning - registered as a "sell", like many others. | asmodeus | |
16/12/2015 20:44 | I think that the junk bond linkage in on the money. However, the Fed did their duty this time with a massive 0.25%, and lo, the sky didn't fall in yet, so maybe a relief bounce would be in order? | shalder | |
16/12/2015 19:36 | US junk rates now pricing in 8% default risk - up from 2.5% - this fund is (and has been) falling in line with junk. | kiwi2007 | |
16/12/2015 17:23 | Lord G post 149 , bang on the money, clumsy seller , big pick up in volume since Monday , 1.2m shs , 800k today and yesterday . Any one of the top 6 holders who own circa 41% could have decided that they want out of high yield FI , and this fits that bill as the other competitors (Invesco < Henderson ) have lower yielding portfolios . Also note buyers of yield related inv co's have backed off so prices are falling ( renewable energy , P2P etc ) . | bench2 | |
16/12/2015 16:44 | Agree with you LG. Hard to resist that 8% yield, so sold ICG1 retail bond at a premium and got another 5K just before close, at 53.62. Rare to get these below NAV, and happy to look beyond any short-term noise we might encounter after tonight's decision. | wirralowl | |
16/12/2015 15:31 | A gift indeed, mrf. 'Tis the season for gifts and I've bought myself a fine Christmas present hopefully (and not of the white elephant variety). I couldn't resist the temptation any longer, so I succumbed and had a load of these at 53.5272p. 8% yield anyone? | lord gnome | |
16/12/2015 14:53 | Indeed - the US junk bond rout seems mostly to be a "Me Too" frenzy which begun in over indebted mining and energy sectors and seems to have spilled over into retail and general fuelled by the rate rise. Christ knows the logic of a UK fund like this getting squeezed I mean I dont know whether you get them hedging across countries or what. but current price a gift to anyone not already in and general noise for long term holders. | my retirement fund | |
16/12/2015 13:44 | Bond prices dropping means yields are going up, so fine with me. This is a rinse and repeat trust, they only hold short dated bonds. | rcturner2 | |
16/12/2015 13:41 | As a long term hold this hasn't been a great investment for me particularly compared to SLI I bought at the same time. The divis have helped though and future divi potential at this price will mean I continue to hold and may look for a top up. | dragonsteeth | |
16/12/2015 13:18 | When you look at the bond rout in the last week in US junk bonds, there is clearly going to be some spill over here. I just wish I was able to own my holding at todays crazy price. I made a small purchase earlier in my partners sip for her though - just wish I had more money. | my retirement fund | |
16/12/2015 13:06 | From what I can see of the holdings within the fund and the management style of the fund volatility ought not to be at this level. Market sentiment as opposed to fundamentals could make these a very attractive investment in the near future. In my case any purchase would be as a top up. | 8w | |
16/12/2015 08:41 | Interesting situation here. We appear to have a desperate seller. The spread (as I write) is 53.75 - 54.5 and I have just been quoted 53.78 to BUY. I have been watching this fall for a few days now and every time the bid drops, the offer follows it down to within a fraction of the bid price. Somebody wants out in a hurry and isn't too bothered about the price. I doubt that tonight's quarter point raise by the Fed is going to cause a major rout in the bond markets. In the case of NCYF it looks baked in several times over. | lord gnome | |
14/12/2015 19:28 | They would be wrong about buying almost anything the last couple of months. When the market sinks like this it is always tempting to sell stuff like NCYF which has fallen slightly and bung it in a range of stocks that have fallen 20% with the market. I'm hanging in though. | danieldruff2 | |
14/12/2015 19:16 | Must admit when IC had this as a buy recently it felt the timing was all wrong | davr0s | |
04/12/2015 13:56 | Offer was 57.25 vs NAV of 55.47 = 3.21%. | eeza | |
04/12/2015 13:08 | EEZA, what is your source eeza? (Currently it's 7%+ | petewy | |
04/12/2015 09:37 | Premium shrunk to ~3%. | eeza | |
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 |
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