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NCE New City Energy

16.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
New City Energy NCE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 16.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
16.50 16.50
more quote information »

New City Energy NCE Dividends History

No dividends issued between 25 Apr 2014 and 25 Apr 2024

Top Dividend Posts

Top Posts
Posted at 07/3/2017 16:02 by spectoacc
Good luck! The "..Significant percentage.." is what I'm wondering about - is that 75%, 90%, 95%? The liquidator fees are low, and when I last looked through the holdings, only a handful looked problematic - they'd cleaned the portfolio up a fair bit.

Still - there's always some things that appear well traded/liquid, until you come to sell even a relatively small number.

Isn't a big position for me but it's been a great run, inc the divi.
Posted at 07/3/2017 15:09 by pherrom
So good-bye NCE.
Posted at 14/12/2016 09:11 by spectoacc
Can't say I was expecting this - proposing to wind up & return funds. Was quite happy seeing the qtly divi roll in, & some of the holdings aren't going to be easy to sell.
Posted at 14/10/2016 15:12 by spectoacc
For divi & NAV, am going to be getting near to buying again soon. Bid dropped so 12.5/14.5 but online is 13.3/13.6, amusingly tighter. Yesterday's NAV 17.57p, so about a 22% discount & 7.3% yield. Weak £ will have been helping the NAV - see nothing in the Top 10 holdings that's in Sterling.
Edit - UK 1.78%
Posted at 11/10/2016 13:02 by spectoacc
17.4p, can argue how realisable that is, but whilst the divi rolls in, can't say too fussed.
Posted at 11/8/2016 15:03 by 8w
Bought some today, all things being equal divi looks safe with funds in reserve to cover any temporary shortfall. Other than that it's a question of an improving oil price ?
Posted at 29/7/2016 13:08 by spectoacc
Dividend dropped into a/c from NCE, nice little earner. Still not seen John Baron's write-up.
Posted at 28/6/2016 21:13 by spectoacc
Yes glad they're still describing the divi as sustainable; also they mentioned increased activity amongst unlisted holdings.
Posted at 28/6/2016 20:42 by hugepants
Interim results (to end March 2016). Look OK.


Current dividend of 1p decribed as "sustainable".

"..The Board took the difficult decision at the end of 2015 to reduce the level of dividends to an annual 1.0 pence per share payable as to 0.25p per quarter. We believe that this level is sustainable in the current environment."


So current yield is 9% and discount to NAV approx 30%.
Posted at 20/4/2016 11:20 by hugepants
Fair comment. Regarding running costs they reduced from £660K to £480K last year and they say cost-cutting will continue in the current year. Realistically will any trust have running costs of less than £0.4M per year?

I picked up a few more this morning. 11p to buy, not 12.5p as quoted. Big difference. Actual spread is 10p-11p.

The directors are implying a 1p a year dividend (0.25p paid quarterly) is sustainable which gives a current 9% yield.

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