The Lemon Fool

Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?

flyer61 wrote:Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?

Maybe this article, although I think the cracks might appear on all three over the next year or so.

https://www.theaic.co.uk/aic/news/cityw ... high-yield

Ozyu

Thanks OZYU

it makes you wonder why the other two have not moved to a discount. I have always found cash easy to value and like buying it at a discount so maybe cycling towards CMHY is the way forward given I agree with their and your outlook.

I have sold a large amount of IPE over the last year and have sold my first tranche of NCYF today. Trying to buy quality equities in their place and excepting the decline in income.

Maybe the demand is so great for income at any cost that this is holding prices up.....one thinks of the emperor's clothes in times like these.

flyer61 wrote:Anybody hazard a guess as to why CMHY is trading at a discount and the other two trade at hefty premiums?

John Baron is still holding IPE and NCYF in his portfolio's. He does not appear to be following the flight from High Yield Bond ITs.

Stan