City Merchants High Yield Trust Limited (CMHY) is a leading asset management business based in the UK. It opened the day at 189.3286p after a previous close of 188.25p. During the day the price has varied from a low of 180p to a high of 189.3286p. The latest price was 180p (25 minute delay). City Merchants High Yield Trust is listed on the London Stock Exchange (LSE). All prices are listed in pence sterling.
Since the stock market crash in March caused by coronavirus, City Merchants High Yield Trust's share price has had significant negative movement.
Its last market close was 174.5p, which is 11.87% down on its pre-crash value of 198p and 44.21% up on the lowest point reached during the March crash when the shares fell as low as 121p.
If you had bought £1,000 worth of City Merchants High Yield Trust shares at the start of February 2020, those shares would have been worth £627.25 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £897.17.
|52-week range||113.0707p - 193p|
|50-day moving average||185.9853p|
|200-day moving average||179.6127p|
|Dividend yield||0.1p (5.49%)|
|Earnings per share (TTM)||23.3p|
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-01-14)||-7.69%|
|1 month (2020-12-22)||-2.83%|
|3 months (2020-10-22)||2.27%|
|6 months (2020-07-22)||1.41%|
|1 year (2020-01-22)||-9.32%|
|2 years (2019-01-21)||-3.36%|
|3 years (2018-01-19)||-9.09%|
|5 years (2016-01-21)||4.35%|
Valuing City Merchants High Yield Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of City Merchants High Yield Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
City Merchants High Yield Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, City Merchants High Yield Trust shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||£21.3 million|
|Operating margin TTM||91.21%|
|Gross profit TTM||£21.3 million|
|Return on assets TTM||6.59%|
|Return on equity TTM||0%|
|Market capitalisation||£189.2 million|
TTM: trailing 12 months
Dividend payout ratio: 33333.33% of net profits
Recently City Merchants High Yield Trust has paid out, on average, around 33333.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.49% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), City Merchants High Yield Trust shareholders could enjoy a 5.49% return on their shares, in the form of dividend payments. In City Merchants High Yield Trust's case, that would currently equate to about 0.1p per share.
City Merchants High Yield Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 16 July 2020 (the "ex-dividend date").
Over the last 12 months, City Merchants High Yield Trust's shares have ranged in value from as little as 113.0707p up to 193p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while City Merchants High Yield Trust's is 0.518. This would suggest that City Merchants High Yield Trust's shares are less volatile than average (for this exchange).
City Merchants High Yield Trust Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds. The fund seeks to invest in non-investment grade securities across the maturity spectrum. It benchmarks the performance of its portfolio against the FTSE All-Share Index and FTSE Government Securities - All Stocks Index. The fund was formerly known as Exeter Selective Assets Investment Trust. City Merchants High Yield Trust Limited was formed on May 31, 1991 and is domiciled in the Jersey, Channel Islands.
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