Energy News
Companies that produce or refine oil and gas, oil field services and equipment companies, and pipeline operators.
Companies that produce or refine oil and gas, oil field services and equipment companies, and pipeline operators.
New City Energy results for the year to the end of September 2014 show a negative return on net assets of 5.8%. The share price fell by 8.8%, ending the year at a discount of 17.0%. The dividend was increased by 7.4% to 2.04p but was uncovered by earnings. The manager’s report gives no indication of […]
NCYF : New City High Yield makes 10% for year New City High Yield generated a total return on net assets of 10.3% for the year that ended on 30 June 2014. The shareholder return was 13.7% as the shares moved to trade on a 4.6% premium. The dividend was raised to 4.21p. The manager’s […]
New City High Yield’s net asset value total return for the second half of 2013 was +4.4%. The shares to trading on a premium over 5% so the return to shareholders was 8.6%.
New City’s annual results for the year ended 30 September 2013 show a fall in the NAV of 19.2% and in the share price of 6.5%. The performance is attributed to falling commodity prices (on fears of slowing Chinese growth) and the strength of Sterling over the period. the Board has negotiated a reduction in the […]