New City Energy Share Discussion Threads

[jonnyboy1] 07/1/2010 12:15

too late too late will be the cry when the bargain energy trust has passed you by

[jonnyboy1] 05/1/2010 18:49

any day, i reckon about 57p on nav and about 60p today. Huge discount.

[mattybuoy] 05/1/2010 18:40

When's NAV due? Any day now I would think.

[jonnyboy1] 05/1/2010 16:50

very cheap here, top 5 all hitting 52 week highs with sterling down.

[jonnyboy1] 30/12/2009 10:54

discount not yet closing taking account of sterlings falls. Very easy share to own if you have any interest in energy. This holds oil producers, oil services, oil expos, coal, gas, palm oil some nuclear.....

[jonnyboy1] 22/12/2009 15:58

yep crazy cheap, and getting cheaper all the time sterling falls

[mattybuoy] 22/12/2009 15:10

Still trading at a whopping discount ... :-)

[energiser01] 23/10/2009 14:25

largest holding Crescent Pointand and 2nd largest, Coastal energy, both up about 7.5% sice end of sept.

[energiser01] 23/10/2009 14:17

3rd largest holding (as of end of Sep [about 5% of trust]) was Gran Tierra, this has motored up around 20% since then.

[mangal] 16/10/2009 09:32

The warrants of these added to the warrants' list here:

[energiser01] 16/10/2009 08:33

Thanks, Picked this up via WT thread originally thanks to Ken Mitch.

Fundamentals look to be positive over long term, but this is more about potential at the moment. With recovery starting to look more positive generally (bound to be some blips, and these could be significant) some of the bigger companies are going to be more aggressive I feel with the juniors/exploration companies whilst valuations are lower in order to boost there growth profiles over med/longer term.

cheers
energiser

[washbrook] 15/10/2009 17:59

Ennergiser
looked at Geiger Counter .I will be watching this closely not bought any yet.

[jonnyboy1] 15/10/2009 16:17

By the way nice of you to join us. Its been washbrook's and my private party accross a lot of NCIM funds for quite some time now

[jonnyboy1] 15/10/2009 16:16

its a great fund with diverse holdings and a good divi was yeilding 7% when i first bought in. I can't fathom why anyone would buy any other oiler when they are all on sale here.

[washbrook] 15/10/2009 15:05

I am in the process of comparing Stocks at half year31.3.09 with today.
I know some of the portfolio would have altered but here is a snapshot unfinished.
May buy more tomorrow.

[energiser01] 15/10/2009 14:05

Gran Tirra (3rd largest) holding at 30th Sept also up around 10% since then.

Now have Mantra (4th largest as of 30/09/09)also up between 0 and 40% depending when added between Aug 30th and Sep 30th (although they held some from before this date as well.

dyor etc.

[energiser01] 15/10/2009 13:37

Do you think this is generally people waking upto to this fund or more to it.

There biggest holding in Canada did announce a significant fund raising
yesterday.

The maximum gross proceeds raised
under this offering will be $575,307,625 should this option be exercised in
full. Closing is expected to occur on or about November 3, 2009, and is
subject to customary regulatory approvals.
The net proceeds of the offering will initially be used to reduce
outstanding indebtedness and will subsequently be used for general corporate
purposes including funding development capital programs and prospective
acquisitions.

Full info at:-



dyor etc....

[jonnyboy1] 15/10/2009 12:24

Hi washbrook

i think someone stepped in bought the warrants as they are plannning on taking a large position here. Its certainly a strategy i would follow.

I have been toying about buying some more here as its so cheap but i already have a shed load, the warrants of course and i should keep some capital back to take advantage elsewhere on market weakness when it comes.

Cheers
Jon

[washbrook] 15/10/2009 12:19

Hi Jonnyboy We mustt be on the same wave length been studying this stock this morning.
Managed to buy 30k
Noticed the warrants have been reasonably traded 1 100 buy and 200k sells.

[jonnyboy1] 13/10/2009 13:07

I have NAV at 59p now, one of their top 5 up 9% last night in OZ. Of course the pound weekening has been helping to. So discount of 31%, it has to be the cheapest energy fund out there.

[washbrook] 12/10/2009 11:37

JB same as you TDW
update 15.06hrs -downloaded contract notes for subs.
Is there no stamp duty on the ordinary shares(Ii presume so as there isn't any on the subs)