New City Energy (Ordinary Share) NCE

Sector Specialist: Commodities and Natural Resources

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Estimated NAV (p)

22.00

Share Price (p)

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
New City Energy (Ordinary Share) Price -49.84%
New City Energy (Ordinary Share) NAV -52.10%
FTSE World 48.88%
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 17.1p -21.5% 22.00p 24.00p
31 May
108% 11.91%

Discrete performance % over

Fund / BenchmarkAug '12
Jul '13
Aug '13
Jul '14
Aug '14
Jul '15
New City Energy (Ordinary Share) Price-12.7015.38-50.21
New City Energy (Ordinary Share) NAV-18.0913.61-48.52
FTSE World22.0410.0810.82

Discrete performance over

Discrete Performance

Top 10 Holdings

BW LPG Ltd 11.00%
Vermilion Energy, Inc. 10.70%
Crescent Point Energy Corporation 9.40%
Bonterra Energy Corp 6.30%
Impact Oil & Gas 6.10%
Northern Blizzard 5.40%
YPT Sociedad Anomina 4.60%
Antares Energy Limited 4.60%
REA Holdings Pref 4.50%
Igas Energy Plc 4.30%

Sectors weighting

Resources 74.50%
Debt - General 17.10%
Unlisted Equities 9.60%
Net Current Assets -1.30%

Regional weighting

North America Region 32.00%
Fixed Interest 20.00%
Other Countries 19.00%
UK 16.00%
Asia exc Japan 12.00%
Europe Developed ex-UK 0.00%
  • Investment trust info:

  • Sector Sector Specialist: Commodities and Natural Resources
  • Launch Date 11 Feb 2008
  • Base Currency GBX
  • Domicile Jersey
  • Share Price (p) N/A
  • Share Type Ordinary Share
  • TIDM NCE
  • ISIN JE00B2B0SY27
  • Shares Issued (M) 54
  • Market Capital (£M) 9.19
  • Gross Assets (£M) 12.67
  • Net Assets (£M) 11.70
  • TER (%) 3.35
  • Historic Dividend Yield (%) 11.91
  • Last AGM 18 Mar 2015
  • Next AGM 18 Mar 2016
  • 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.