New City Energy (Ordinary Share) NCE

Sector Specialist: Commodities and Natural Resources

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Estimated NAV (p)

33.00

Share Price (p)

26.13

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
New City Energy (Ordinary Share) Price -39.42%
New City Energy (Ordinary Share) NAV -43.23%
FTSE World 58.57%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 26.1p -21.4% 33.00p 34.00p
31 Oct
113% 7.81%

Discrete performance % over

Fund / BenchmarkDec '11
Nov '12
Dec '12
Nov '13
Dec '13
Nov '14
New City Energy (Ordinary Share) Price-14.49-16.53-15.13
New City Energy (Ordinary Share) NAV-15.80-19.62-16.11
FTSE World12.5526.3711.49

Discrete performance over

Discrete Performance

Top 10 Holdings

Vermilion Energy, Inc. 9.30%
PHX Energy Services Corp 8.30%
Gran Tierra Exchanco, Inc. 6.10%
ARC Resources Limited 4.70%
Crescent Point Energy Corporation 4.60%
Goodrich Petroleum Corp 4.30%
Surge Energy, Inc. 4.20%
Madalena Energy 3.80%
AJ Lucas Group Limited 3.60%
Alkane Energy Plc 3.50%

Sectors weighting

Resources 92.70%
Unlisted Equities 7.70%
Miscellaneous 0.20%
Net Current Assets -0.60%

Regional weighting

North America Region 39.00%
Other Countries 22.00%
Fixed Interest 19.00%
UK 11.00%
Asia exc Japan 8.00%
Europe Developed ex-UK 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Commodities and Natural Resources
  • Launch Date 11 Feb 2008
  • Base Currency GBX
  • Domicile Jersey
  • Share Price (p) 26.13
  • Share Type Ordinary Share
  • TIDM NCE
  • ISIN JE00B2B0SY27
  • Shares Issued (M) 54
  • Market Capital (£M) 14.01
  • Gross Assets (£M) 20.22
  • Net Assets (£M) 17.82
  • TER (%) 3.35
  • Historic Dividend Yield (%) 7.81
  • Last AGM 06 Mar 2014
  • Next AGM 06 Mar 2015
  • Last Annual Report Date 23 Jan 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To deliver attractive returns to Shareholders principally in the form of capital growth yet with some prospect of income, by investing in the securities of companies involved in the exploration, development, and production of energy.
  • Management Group(s):

  • CQS Cayman
  • New City Inv Managers
  • Managed by:

  • Ian Francis Start: 30 Sep 2011
  • Will Smith Start: 30 Sep 2011
  • Management Contract & Fees:

    The Investment Manager is entitled to fees at the rate of 1.375% per annum of total assets (less current liabilities but inclusive of bank borrowings). In addition, the Investment Manager is entitled to a performance fee at the rate of 20% of outperformance above an 8% p.a. hurdle with high watermark provision. Investment Management Agreement is terminable on 12 months written notice by either party.