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AllianzGI Convertible & Income Message Board

eastvale4me 9 posts  |  Last Activity: Jul 31, 2015 1:02 PM Member since: Nov 10, 2012
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  • eastvale4me by eastvale4me Jul 31, 2015 1:02 PM Flag

    It's very likely .10 or .25 rate hike is already priced into NCV/NCZ. If this is not the base, it's very close considering the NAV on both has been reversing to the positive. China is likely to be sustained with continued govt support, Yellen is dovish, Oil is the only wildcard. Once Oil officially gets clarity NCV/NCZ will shoot up like a rocket. Awesome time to get in and buy now considering -5.14% discount on NCV !!

    Sentiment: Buy

  • Reply to

    Why?

    by gestraveler Jul 25, 2015 7:47 AM
    eastvale4me eastvale4me Jul 27, 2015 11:34 PM Flag

    China slowdown

  • eastvale4me by eastvale4me Jul 22, 2015 1:12 AM Flag

    There must have been automatic selling going on here these past few days. NAV only went down about 4-6 cents, both NCV/NCZ are both negative premium, the dividend on both is safe, NAV is now paying 14.5% , NCZ is now paying 15% !! This is nuts. I'm fairly certain this won't last, only higher from here.

    Sentiment: Buy

  • Reply to

    If the dividend is safe...

    by sargeantfury Jul 21, 2015 2:43 PM
    eastvale4me eastvale4me Jul 21, 2015 3:31 PM Flag

    It makes no sense to me why it keeps falling. I'm assuming the uncertainty cloud of a Fed hike is a constant downer for this CEF. At what point will this future hike be priced in is the real question...??

    Sentiment: Buy

  • eastvale4me by eastvale4me Jul 20, 2015 10:11 PM Flag

    Now trading @ -2.93% discount NAV. No doubt it's going to take time to bound back. However the dividend is safe and it's NOT 2008 !! FIRE SALE

    Sentiment: Buy

  • Reply to

    NAV is now in a downtren.

    by aga0115 Jun 25, 2015 4:36 PM
    eastvale4me eastvale4me Jun 26, 2015 11:29 AM Flag

    As I wrote before NCV will likely be at par with the NAV very soon. Maybe even after today. The economic environment we are in today, in 2015, is NOT the same panic selling we were in 2008. As long as the NAV stays relatively flat, this is all irrational selling and very possible repositioning of portfolio managers who are adding to this downtrend. Other convertible funds are not suffering the same downtrend as NCV & NCZ. Honestly I would not doubt it if we have reached the bottom after today. I agree also this is a rare fire sale for this CEF.

    Sentiment: Buy

  • Reply to

    somebody is dumping NCV and NCZ,

    by aga0115 Jun 10, 2015 4:35 PM
    eastvale4me eastvale4me Jun 17, 2015 4:09 AM Flag

    If it's so good, why did PHT cut it's dividend in February 2015 from 0.1375 to 0.1150 ? Never a good sign.

  • Reply to

    NAV holding steady

    by baintally Jun 5, 2015 9:50 AM
    eastvale4me eastvale4me Jun 12, 2015 3:44 AM Flag

    NAV actually went up on Thursday after the 0.13 drop and NAV actually went up again. This is positive. Premium is now 3.19%. I haven't seen these shares this cheap in the a long time. FIRE SALE !!! The shares will pop, the dust will settle. Buy now before they pop back up to 9.

    Sentiment: Strong Buy

  • Reply to

    NAV holding steady

    by baintally Jun 5, 2015 9:50 AM
    eastvale4me eastvale4me Jun 6, 2015 3:17 AM Flag

    I agree NAV holding strong. It may even change to a discount soon!! Bye bye premium. Great buying opportunity. I kick myself for not buying more in 2008 when MKT price fell to $2 and change. When the sky is falling, is always the best time to get in and grab those shares at the best price. I would say anywhere is the $7-$8 will be a screaming buy. @ 7 it should be 15 % distribution rate !!

    Sentiment: Strong Buy

NCZ
6.59-0.06(-0.90%)Aug 31 4:01 PMEDT