roco200
10 Oct 2015
Big divis Not sure if these have been considered. Between 7% & 10%BRCIGLIFALAIMRWMGHIBAFBLTPremier Optimum IncomeAALGVC Holdings (GVC) - ex dividend 16th Oct, then one yr holiday due to take over of BWINSchroder Income MaximiseRWC Enhanced IncomeAll these pay over 7%.Not checked on Dividend cover.Any thoughts
paulthepunk
10 Oct 2015
Re: Anything else like NCYF? Hi all, I have been looking at these type of high yield investments recently too. Am I missing something here?! To me it looks like it's been in a downtrend for a year and a half, losing 12% + in 12 months.So net loss, capital depreciation outstriping Divi.Would have been better off in NG or the likes, no??Regards,Paul.
Krayl
07 Oct 2015
Re: Anything else like NCYF? On my first pass through the list I picked out CNKS (which I hold, having bought at a higher price), ECM, MXF and PHNX.And some interesting ones for further research: GLEN, JDT (speculation - not one for this portfolio), JRIC, PEY, POLR
Guitarsolo
07 Oct 2015
Re: Anything else like NCYF? Thanks Krayl, An interesting selection and a number that I already hold: CLLN, GLEN - pro peccatis meis, MLIN, PEY, STAN (well their preference shares anyway). Others are on a watch list as well: CNCT, CRM for example. I might well add to those positions when the funds become available. However, for this chunk of my wad I am specifically looking for a share that won't gyrate too much but will pay out steady dividends. CLLN, GLEN, MLIN etc have high ratios but are prone to significant movement and risk. contrast to the recent market extremes NCYF has barely moved more than 5% from a 60p entry price. I guess that it due to the nature of its investments i.e. pretty safe and predictable preference shares. I do like to see cover above 1.2 just so that I feel comfortable that the dividend will be maintained. Again, it depends on the industry. CLLN may pay a yield of 6% but it needs to be 2.0x covered to be safe because its business requires investment in programmes and ventures, some of which will fail. NCYF by contrast knows that it can pay out 85% of its net income to shareholders and just retain 15% for reinvestment to help it increase future earnings and cover inflation. It's why NCYF should be able to avoid cutting the dividend in all but the worst of financial meltdowns. In fact, it should steadily rise by a couple of % each year as that retained 15% starts to earn some extra dough. Anyway, thanks for the input and any other thoughts are welcome!RegardsGuitarsolo
Krayl
07 Oct 2015
Re: Anything else like NCYF? Hi GuitarSolo,If you do a simple search of the FTSE using your criteria of 6%, cover 1.2 you get 26 results: ARDN, BAF, CLLN, CNCT, CNKS, CRM, ECM, FLK, GLEN, HYDG, ICGC, JDT, JRIC, MLIN, MNZS, MXF, NPT, PEY, PHNX, POLR, RQIH, RWS, SRP, STAN, TNG, UKCMSome of these can be dismissed immediately (for example the first one on the list has stopped paying dividends). I am working my way through the list and would be interested to hear anyone else's views.I would not insist on on having 1.2 cover, for example my favourite interest earner is IPE and that is not in the list. I am also considering HSD and ALY at the moment.
Guitarsolo
07 Oct 2015
Re: Anything else like NCYF? Thanks Vosene, Actually, I am not looking to diversify! I would like another fixed-income high-divi paying stock but would prefer it is not NCYF. I see the risk to this sort of stock as the unlikely scenario of default on the preference share coupon so owning something different to NCYF does help to reduce that risk. It's very unlikely anyway.I already hold HFEL and would consider adding. I do worry though that their pay is more generous than they can really afford. Thank you for the suggestions. I shall do some research!RegardsGuitarsolo
FRTEB
07 Oct 2015
Re: Anything else like NCYF? Have a look at GCP (which I also hold). Currently offering well over 6% yield.[link] also hold BRCI and BRWM (both underwater) which offer a high yield. I am considering topping up on these.
Vosene
07 Oct 2015
Re: Anything else like NCYF? Well if there's something out there very similar to NCYF you wouldn't be diversifying much if you bought it. The closest thing to what you want - good income with little NAV fluctuation - may be the infrastrucutre funds such as HICL or JLIF, though their dividend is a little below your target.Something like HFEL (Henderson Far East Income) has an income component, and has a great record increasing the dividend, but the NAV moves around a bit more.Then if you can stand wilder fluctuations, there is BRCI (Blackrock Commodities Income) which is at a low point right now but has always managed to increase the divi each year even in the commodities massacre.If feeling racy how about one of the CLO investment vehicles such as CIFU, FAIR, BGLF, VTA - all high payers from loans but NAV can fluctuate somewhat
Guitarsolo
06 Oct 2015
Anything else like NCYF? Afternoon All, I might soon want to invest a tranche of money for income generation. I like NCYF and have held for a few months since buying in around 60.5p. It's an unexciting share that's for sure but I quite like that, a least for a decent chunk of my wad. In fact, it has barely fluctuated more than about 5% (taking into account the divi) over the last 4 months or so. Given the summer that the stock market has had that is quite remarkable - but also not surprising given what NCYF invests in. Anyhow, NCYF is already my second largest investment in terms of dividends received. So I am loathe to put too much more into it for fear of becoming unbalanced. Can anyone recommend a similar style of fund as an alternative - must exceed 6% yield and be adequately covered (e.g. 1.2 or thereabouts for fixed income investment). All help much appreciated. Guitarsolo - also hold PEY which would be an option, but would like some more fixed income stuff.
foolish learner
02 Sep 2015
Re: 1.45p dividend credited to my account (not iii or your chosen broker) last week
Guitarsolo
02 Sep 2015
Re: 1.45p dividend Ignore that! Divis received.GS
asand
02 Sep 2015
Re: 1.45p dividend divi was credited into my HL SIPP on Aug 29
Guitarsolo
02 Sep 2015
1.45p dividend Has anyone received the 1.45p dividend that by my reckoning was paid on 28th August? I hold NCYF in two place (HSBC and HL) and neither has been credited which suggests a problem at NCYF's end. That's assuming I have my dates correct. ThanksGSoh, buy buy buy for the yield!
Guitarsolo
02 Jul 2015
Re: Buy for the yield Thanks QI,As I recall, the placement this year was at 61.7p. If they have managed to invest the new money in assets paying the same average of 7% yield then there shouldn't be any dilution. But if they have only achieved say 5% yield with the new money then there would be a proportionate dilution. I don't follow NCYF's asset purchases and disposals to know how frequent these are. Personally, the few preference shares that I have been invested in were buy and holds (apart from the odd one that went up considerably and then it was worth selling them and reinvesting the funds elsewhere). Personally, I am happy for the share price to hover around 60p whilst I build a sizeable holding of a core dividend payer for the future. We'll see. GLTAGuitarsolo
QualityInvestor
02 Jul 2015
Re: Buy for the yield I agree with you about the securty off fixed rate bonds. However I am concerned about the TAP isue volume of new shares being issued recently, and wonder if this would dilute the share price value and dividend and or growth.
