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CITY OF LONDON INVESTMENT GROUP (CLIG)
BAYLIS
- 20 Apr 2008 19:54
www.citlon.co.uk/
int ex 9/2. fin ex 27/11
City of London Investment Management Company Limited operates from four centers, London, Philadelphia (established 1995), Singapore (established 2000) and Dubai (established 2007), managing assets primarily for institutional investors.
In 2002 and 2003 the investment team started to delve deeper into the stages of country development from "developing" to "developed", especially China and India, and the implications thereof, namely, the rise in the consumption of natural resources.
In 2004, using our in-house equities team, we launched the Natural Resources strategy in order to capitalise on the growing demand for natural resources via a stock selection process.
In 2005, we extended our emerging markets expertise into the frontier markets by launching the Frontier Emerging Markets strategy.
In 2009, we applied our unrivaled knowledge of closed-end funds around the world to the development of a Global Closed-End Fund strategy, using the same investment process as in our Emerging Markets Closed-End Fund strategy.
In 2010, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.
D M. Cardale – Non-Executive Chairman
Barry. M. Olliff – Chief Executive Officer, Chief Investment Officer
Carlos. M. Yuste – Business Development Director
Tom. W. Griffith – Chief Operating Officer
In 2011, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in small capitalisation companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.
BAYLIS
- 20 Apr 2008 19:56
- 2 of 300
In January, City of London reported a sharp rise in 2007 revenues and pre-tax profits and said that emerging markets were continuing to perform well.
The company, which has offices in London, the US, Singapore and Dubai, invests in diverse natural resource sectors including precious metals, base metals, diversified mining, energy, and soft commodities.
It was founded by Olliff in 1991 out of his stockbroker business Olliff and Partners.
The company, which has offices in London, the US, Singapore and Dubai, invests in diverse natural resource sectors including precious metals, base metals, diversified mining, energy, and soft commodities.
It was founded by Olliff in 1991 out of his stockbroker business Olliff and Partners.
BAYLIS
- 26 Nov 2009 13:49
- 3 of 300
dadro - 07 Dec 2009 16:57 - 4 of 300
It is difficult to imagine a stronger looking trend on a chart than the one we are looking at on the daily timeframe of City of London...UK Analyst-Free share tips
XSTEFFX
- 19 Jan 2010 16:08
- 5 of 300
leading emerging markets asset management group, announces that its results for the six months ended 30 November 2009 will be announced on 25 January 2010 rather than 26 January 2010 as announced on 7 December 2009
BAYLIS
- 13 Sep 2010 21:34
- 6 of 300
Revenue: GBP29.97 million (2009: GBP20.15 million)
-Funds under management or FuM increased by 25% in $ terms to $4.38 billion (2009: $3.50 billion) and by 39% in sterling terms to GBP3.01 billion (2009: GBP2.17 billion).
-The rise in the MSCI Emerging Markets Index (MXEF) was 20%.
-EPS: 26.9 pence (2009: 15.0 pence).
-Net Cash: GBP4.77 million (2009: GBP4.72 million)
-Final dividend of 15.0 pence per share (2009: 10.0 pence)
-Total Dividend of 22.0 pence (2009: 15.0 pence)
www.citlon.co.uk.
-Funds under management or FuM increased by 25% in $ terms to $4.38 billion (2009: $3.50 billion) and by 39% in sterling terms to GBP3.01 billion (2009: GBP2.17 billion).
-The rise in the MSCI Emerging Markets Index (MXEF) was 20%.
-EPS: 26.9 pence (2009: 15.0 pence).
-Net Cash: GBP4.77 million (2009: GBP4.72 million)
-Final dividend of 15.0 pence per share (2009: 10.0 pence)
-Total Dividend of 22.0 pence (2009: 15.0 pence)
www.citlon.co.uk.
BAYLIS
- 04 Oct 2010 13:52
- 7 of 300
City of London Investment Group plc is pleased to announce that its intended move from the London Stock Exchange's AIM market ("AIM") to the Official List of the FSA (the "Admission") is expected to take place on 29 October 2010.
Andy
- 05 Oct 2010 20:30
- 8 of 300
Any link to see which stocks they hold in their funds please?
They look like a first class investment fund.
They look like a first class investment fund.
BAYLIS
- 05 Oct 2010 20:38
- 9 of 300
www.citlon.co.uk/
BAYLIS
- 23 Oct 2010 22:12
- 10 of 300
The Company has been notified that on 19 October 2010 Douglas Allison, Finance Director, transferred 103,750 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to his wife, Mrs Phillipa Jane Allison.
Following this transfer Douglas Allison and his connected parties are interested in 414,375 Ordinary Shares representing 1.6 per cent. of the issued share capital in City of London.
Following this transfer Douglas Allison and his connected parties are interested in 414,375 Ordinary Shares representing 1.6 per cent. of the issued share capital in City of London.
BAYLIS
- 07 Dec 2010 16:57
- 11 of 300
FuM at the end of the reporting period totalled $5.5bn (3.5bn), up from $4.7bn (2.9bn) a year earlier and an improvement on the the end-May figure of $4.4bn (3.0bn).
BAYLIS
- 14 Dec 2010 18:14
- 12 of 300
merry xmas 460p
mitzy - 14 Dec 2010 18:33 - 13 of 300
Tipped over the week-end apparently .
BAYLIS
- 15 Dec 2010 11:22
- 14 of 300
BY WHO MITZY.
mitzy - 15 Dec 2010 13:02 - 15 of 300
Small company share watch.
The Other Kevin
- 15 Dec 2010 14:49
- 16 of 300
Also a favourite of TMF
Fred1new
- 15 Dec 2010 15:09
- 17 of 300
I hold some of these, but if you are buying be careful of the spread. It varies quite widely.
But it is doing well.
But it is doing well.
BAYLIS
- 01 Jul 2011 21:52
- 18 of 300
Fund manager City of London Investment said funds under management had risen nearly 18% to 3.54bn over the past 12 months, and predicted its full-year pre-tax profit would end up increasing by more than a quarter. PRICE 440p
BAYLIS
- 27 Oct 2011 19:50
- 19 of 300
Stan
- 05 Dec 2011 08:49
- 20 of 300
Any holders left in these here? If so what's your take on todays Trading Update?
Fred1new
- 05 Dec 2011 18:21
- 21 of 300
Stan,
Disappointing.
Still holding.
Yield good.
Will accept for now.
W/S
Disappointing.
Still holding.
Yield good.
Will accept for now.
W/S
BAYLIS
- 05 Dec 2011 19:44
- 22 of 300
Still holding.
BAYLIS
- 05 Dec 2011 19:50
- 23 of 300
City of London Investment Management Company Limited operates from four centers, London, Philadelphia (established 1995), Singapore (established 2000) and Dubai (established 2007), managing assets primarily for institutional investors.
In 2002 and 2003 the investment team started to delve deeper into the stages of country development from "developing" to "developed", especially China and India, and the implications thereof, namely, the rise in the consumption of natural resources.
In 2004, using our in-house equities team, we launched the Natural Resources strategy in order to capitalise on the growing demand for natural resources via a stock selection process.
In 2005, we extended our emerging markets expertise into the frontier markets by launching the Frontier Emerging Markets strategy.
In 2009, we applied our unrivaled knowledge of closed-end funds around the world to the development of a Global Closed-End Fund strategy, using the same investment process as in our Emerging Markets Closed-End Fund strategy.
In 2010, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.
In 2002 and 2003 the investment team started to delve deeper into the stages of country development from "developing" to "developed", especially China and India, and the implications thereof, namely, the rise in the consumption of natural resources.
In 2004, using our in-house equities team, we launched the Natural Resources strategy in order to capitalise on the growing demand for natural resources via a stock selection process.
In 2005, we extended our emerging markets expertise into the frontier markets by launching the Frontier Emerging Markets strategy.
In 2009, we applied our unrivaled knowledge of closed-end funds around the world to the development of a Global Closed-End Fund strategy, using the same investment process as in our Emerging Markets Closed-End Fund strategy.
In 2010, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.
Stan
- 06 Dec 2011 12:00
- 24 of 300
Thanks chaps, still on it's way down but probably market sentiment.. it's not the only one these days.
BAYLIS
- 20 Jan 2012 21:38
- 25 of 300
TOPUP 345p
BAYLIS
- 07 Mar 2012 13:03
- 26 of 300
6 MARCH 12 .Rian Dartnell Buy 10,000 @ 362.00p £36,200.00
Stan
- 31 May 2012 10:24
- 27 of 300
Slater Investments Ltd at a few. http://www.moneyam.com/action/news/showArticle?id=4380048
Stan
- 18 Jun 2012 09:42
- 28 of 300
Trading update today which hasn't gone down very well -5% so far. http://www.moneyam.com/action/news/showArticle?id=4389967
Stan
- 03 Sep 2012 10:48
- 29 of 300
Preliminary Results. http://www.moneyam.com/action/news/showArticle?id=4437332 Not received well, SP down nearly -4% so far.
BAYLIS
- 08 Sep 2012 21:25
- 30 of 300
6 SEPT 2012
City of London Investment Group (CLIG)
Director name: Mr Douglas F Allison, Amount sold: 100,000 @ 325.00p,
Value: £325,000
Director name: Mr David M Cardale, Amount sold: 53,125 @ 325.00p
Value: £172,656
City of London Investment Group (CLIG)
Director name: Mr Douglas F Allison, Amount sold: 100,000 @ 325.00p,
Value: £325,000
Director name: Mr David M Cardale, Amount sold: 53,125 @ 325.00p
Value: £172,656
Stan
- 30 Sep 2012 19:28
- 31 of 300
Going Ex.divi this week paying an impressive 16p .. I wonder.
Stan
- 16 Nov 2012 21:20
- 32 of 300
Oop's! http://www.moneyam.com/action/news/showArticle?id=4485619 SP down nearly 12% is the outcome today.
Fred1new
- 16 Nov 2012 21:43
- 33 of 300
Stan,
I hold these at a present loss.
One of my better choices.
But the divis good and I "pray" it will come good.
Prayer is not much for you though.
I hold these at a present loss.
One of my better choices.
But the divis good and I "pray" it will come good.
Prayer is not much for you though.
Stan
- 16 Nov 2012 22:21
- 34 of 300
Yes me to Fred, but can't see these staying down for long.
Stan
- 30 Nov 2012 09:08
- 35 of 300
Change of Divi dates, paying a rather nice 8p which is now over 3%! http://www.moneyam.com/action/news/showArticle?id=4494572
Stan
- 03 Dec 2012 08:11
- 36 of 300
Trading Update http://www.moneyam.com/action/news/showArticle?id=4495739
One Director buys 100,000 and another sells 100,000. http://www.moneyam.com/action/news/showArticle?id=4495712
One Director buys 100,000 and another sells 100,000. http://www.moneyam.com/action/news/showArticle?id=4495712
BAYLIS
- 21 Jan 2013 12:54
- 37 of 300
Topup 252p
Fred1new
- 21 Jan 2013 14:01
- 38 of 300
Stan,
They could be brothers.
8-(
One of my less successful bye byes.
Will hold, but ummmm.
Funny company to judge.
Wouldn't buy.
They could be brothers.
8-(
One of my less successful bye byes.
Will hold, but ummmm.
Funny company to judge.
Wouldn't buy.
Balerboy
- 22 Jan 2013 09:59
- 39 of 300
Suddenly got a wiggle on with +15p something happening??? not complaining am now back in profit and the div.,.
Balerboy
- 22 Jan 2013 10:08
- 40 of 300
With any luck 290p next stop.,.
BAYLIS
- 22 Jan 2013 12:24
- 41 of 300
Thats too fast.
Stan
- 22 Jan 2013 15:47
- 42 of 300
As you say Fred a V. good yield, and only down because a large holder surprisingly took their investments in-house last year. Recovering nicely today so far.
Balerboy
- 23 Jan 2013 08:59
- 43 of 300
This is what I call a BREAKOUT....... get in there.,.
Balerboy
- 23 Jan 2013 09:37
- 44 of 300
Heading very fast to next step of 290p... keep going clig.,.
Balerboy
- 23 Jan 2013 09:53
- 45 of 300
RNS Number : 9260V
City of London Investment Group PLC
21 January 2013
21st January 2013
CITY OF LONDON INVESTMENT GROUP PLC
("City of London" or "the Group")
HALF YEAR RESULTS TO 30th NOVEMBER 2012
City of London (LSE: CLIG) announces half year results for the six months to 30th November 2012.
SUMMARY
• Funds under Management ("FuM") of US$3.9 billion (£2.4 billion) at 30th November 2012. This compares to US$4.5 billion (£2.9 billion) at the beginning of this financial year on 1st June 2012 and US$4.8 billion (£3.0 billion) at 30th November 2011.
• FuM at 31st December 2012 of US$4.1 billion (£2.5 billion)
• Revenues, representing the Group's management charges on FuM, were £15.1 million (2011: £17.2 million)
• Profit before tax of £4.7 million (2011: £5.7 million, excluding a one-off gain on the sale of an investment)
• Maintained interim dividend of 8p per share paid on 28th December 2012 to shareholders on the register on 14th December 2012
• Cash and cash equivalents at the period end of £5.8 million (2011: £5.9 million)
David Cardale, Chairman, said, "We anticipate that global investors will re-commit to our core emerging and frontier investment markets - the MXEF has increased by about 7% from 30th November 2012 to date. If we can benefit from a continuation of this trend, then the operational gearing inherent in City of London's business model, together with the reduced costs and commissions, will produce a welcome uplift in revenues, profitability, dividend cover and ultimately, dividends themselves."
City of London Investment Group PLC
21 January 2013
21st January 2013
CITY OF LONDON INVESTMENT GROUP PLC
("City of London" or "the Group")
HALF YEAR RESULTS TO 30th NOVEMBER 2012
City of London (LSE: CLIG) announces half year results for the six months to 30th November 2012.
SUMMARY
• Funds under Management ("FuM") of US$3.9 billion (£2.4 billion) at 30th November 2012. This compares to US$4.5 billion (£2.9 billion) at the beginning of this financial year on 1st June 2012 and US$4.8 billion (£3.0 billion) at 30th November 2011.
• FuM at 31st December 2012 of US$4.1 billion (£2.5 billion)
• Revenues, representing the Group's management charges on FuM, were £15.1 million (2011: £17.2 million)
• Profit before tax of £4.7 million (2011: £5.7 million, excluding a one-off gain on the sale of an investment)
• Maintained interim dividend of 8p per share paid on 28th December 2012 to shareholders on the register on 14th December 2012
• Cash and cash equivalents at the period end of £5.8 million (2011: £5.9 million)
David Cardale, Chairman, said, "We anticipate that global investors will re-commit to our core emerging and frontier investment markets - the MXEF has increased by about 7% from 30th November 2012 to date. If we can benefit from a continuation of this trend, then the operational gearing inherent in City of London's business model, together with the reduced costs and commissions, will produce a welcome uplift in revenues, profitability, dividend cover and ultimately, dividends themselves."
Stan
- 23 Jan 2013 10:46
- 46 of 300
Absolutely BB, up over 8% so far today.. keep going you fool -):
Fred1new
- 23 Jan 2013 16:06
- 47 of 300
Stan.
You can borrow my whip.
I only hope it doesn't fall at the next fence and make a beef burger.
8#)
You can borrow my whip.
I only hope it doesn't fall at the next fence and make a beef burger.
8#)
Balerboy
- 24 Jan 2013 08:48
- 48 of 300
has hit 290p now what will it do........hhmmmm
Balerboy
- 24 Jan 2013 14:48
- 49 of 300
prudently sold 50% and banked, as this seem's to have stalled for a breather atm. next target is 320p. maybe a friday sell off tomorrow.... will see.,.
Stan
- 29 Jan 2013 18:28
- 50 of 300
Nop! still on the up BB, pushing that 300p now.
Fred1new
- 29 Jan 2013 18:39
- 51 of 300
Going like a bomb.
I hope there is now fuse lit.
But still holding.
I hope there is now fuse lit.
But still holding.
Stan
- 29 Jan 2013 18:46
- 52 of 300
Yes me to.
Balerboy
- 29 Jan 2013 20:54
- 53 of 300
still hold my 50% but think i'm going to have to bite the bullet and buy back slightly higher........
Stan
- 30 Jan 2013 15:27
- 54 of 300
Hold on a bit BB, it's going down again -): But not sure what this has to do with it are you? http://www.moneyam.com/action/news/showArticle?id=4529186
Balerboy
- 31 Jan 2013 08:36
- 55 of 300
Think it shows confidence for later on.....watch this space.,.
Balerboy
- 31 Jan 2013 08:51
- 56 of 300
today they've widen the spread but not lowered the offer..... still at 290p.,.
Stan
- 05 Feb 2013 16:31
- 57 of 300
Good to see a couple of Directors buying http://www.moneyam.com/action/news/showArticle?id=4532976
Balerboy
- 06 Feb 2013 08:49
- 58 of 300
sp holding tight, refusing to move down. Would have liked a little dip to buy my 50% back.,.
BAYLIS
- 06 Feb 2013 14:49
- 59 of 300
5 February 2013
CITY OF LONDON INVESTMENT GROUP PLC
The Company would like to advise that, on 4 February 2013 Barry Olliff, Chief Investment Officer, bought 25,000 ordinary shares of 1p each ("Ordinary Shares") at a price of £2.80 per Ordinary Share. On 5 February 2013 Mr Olliff also exercised options over a total of 20,000 Ordinary Shares: 12,000 at an exercise price of £2.75 per Ordinary Share and 8,000 at an exercise price of £2.30 per Ordinary Share.
In addition, on 5 February 2013, Business Development Director, Carlos Yuste, exercised options over 12,500 Ordinary Shares at an exercise price of £1.40 per Ordinary Share.
CITY OF LONDON INVESTMENT GROUP PLC
The Company would like to advise that, on 4 February 2013 Barry Olliff, Chief Investment Officer, bought 25,000 ordinary shares of 1p each ("Ordinary Shares") at a price of £2.80 per Ordinary Share. On 5 February 2013 Mr Olliff also exercised options over a total of 20,000 Ordinary Shares: 12,000 at an exercise price of £2.75 per Ordinary Share and 8,000 at an exercise price of £2.30 per Ordinary Share.
In addition, on 5 February 2013, Business Development Director, Carlos Yuste, exercised options over 12,500 Ordinary Shares at an exercise price of £1.40 per Ordinary Share.
BAYLIS
- 06 Feb 2013 14:52
- 60 of 300
Stan
- 06 Feb 2013 14:55
- 61 of 300
I know what you mean BB, but sometimes it never does.. not only talking about these either -):
Baylis, Already posted in p57.
Baylis, Already posted in p57.
BAYLIS
- 06 Feb 2013 19:24
- 62 of 300
nice
Fred1new
- 06 Feb 2013 22:24
- 64 of 300
What surprises me is how on small volumes the spread is generally small. Funny company.
But a lot of the "Asset Management" companies' shares seem undervalued.
But a lot of the "Asset Management" companies' shares seem undervalued.
Stan
- 07 Feb 2013 17:20
- 65 of 300
"don't know which way it's about to go...." Apart from the Directors and their closest.. Neither does anyone else BB -): A senior Director buying at 280p the other day are hopefully a sign that things will keep on the up.
Balerboy
- 07 Feb 2013 18:33
- 66 of 300
Agreed stan, fingers crossed. you in this one?
Stan
- 07 Feb 2013 18:39
- 67 of 300
Yes, But can't remember at what price, I'll have gander and edit.
Ed: 336p
Ed: 336p
Balerboy
- 07 Feb 2013 21:08
- 68 of 300
Do you mean 2.36 as it's at 2.92 now....... thats my entry point too.,.
Stan
- 08 Feb 2013 16:06
- 69 of 300
No BB, 336p I'm afraid. I went in for a divi play and the getting out bit didn't work! or as I optimistically say.. hasn't worked "yet" -):
The Other Kevin
- 12 Feb 2013 15:52
- 70 of 300
Edit Wrong thread. Sorry if anyone started getting excited. News relates to LCG thread
Fred1new
- 12 Feb 2013 16:32
- 71 of 300
There was a movement to-day.
8-)
8-)
Balerboy
- 12 Feb 2013 23:44
- 72 of 300
up the bromine somebody.,.
Fred1new
- 15 Feb 2013 08:33
- 73 of 300
City of London Investment Group
Buy 13-Feb-13 £73,750.00 Barry M Olliff 25,000 @ 295.00p
Buy 13-Feb-13 £73,750.00 Barry M Olliff 25,000 @ 295.00p
robertalexander
- 18 Feb 2013 12:11
- 74 of 300
when is the next divi due?
Fred1new
- 18 Feb 2013 13:04
- 75 of 300
Not declared.
There is supposed to be an Interim announcement 27/2/13
Forecast EPS rate of growth reasonable, if it lives up to them.
There is supposed to be an Interim announcement 27/2/13
Forecast EPS rate of growth reasonable, if it lives up to them.
Stan
- 15 Apr 2013 08:15
- 76 of 300
Balerboy
- 15 Apr 2013 08:24
- 77 of 300
why oh dear stan.,.
Stan
- 15 Apr 2013 08:54
- 78 of 300
Finance Director goes with immediate effect, might be wrong but that doesn't sound encouraging to me, at least in the short term BB.
robertalexander
- 15 Apr 2013 19:07
- 79 of 300
glad i sold 60% of my holdings in these last week.[ Though was total luck rather than judgement] Bought into Polymetal with proceeds which seemed a good idea at the time though still believe them to be a good proposition when the price of gold and silver sort themselves out.
GLA
Alex
GLA
Alex
Balerboy
- 15 Apr 2013 20:12
- 80 of 300
I too sold half at 271p, am comfortable holding the rest as still in profit.,.
Stan
- 17 Jun 2013 08:03
- 81 of 300
Trading Update http://www.moneyam.com/action/news/showArticle?id=4614829
Fred1new
- 17 Jun 2013 09:20
- 82 of 300
Stan,
Thank you for reminding me of one of my better buys.
Is that a treble bottom with a time for a bounce.
The only good thing about the company has been its yield, so far.
Thank you for reminding me of one of my better buys.
Is that a treble bottom with a time for a bounce.
The only good thing about the company has been its yield, so far.
Stan
- 17 Jun 2013 10:10
- 83 of 300
Yes Fred, they seem firmly stuck in that 250's area don't they.
Excellent divi to compensate though as you say.
Excellent divi to compensate though as you say.
skinny
- 09 Sep 2013 07:01
- 84 of 300
Final Results
SUMMARY
· Funds under management ("FuM") at 31st May 2013 were US$3.7 billion (2012: US$4.5 billion), a decline of 17%. In sterling terms, FuM fell by 16% to £2.4 billion (2012: £2.9 billion). The MSCI Emerging Markets Index ("MXEF") registered an 11% increase over the same period.
• We are now open to new investors, with a view to accepting up to US$500 million by 31st December 2014
· Revenues, representing the Group's management charges on FuM, were £29.4 million (2012: £34.1 million). Profit before tax was £8.9 million (2012: £11.5 million).
• Basic earnings per share were 24.9p (2012: 33.8p) after a tax charge of 29% (2012: 26%) of pre-tax profits.
• A maintained final dividend of 16p per share is recommended, payable on 25th October 2013 to shareholders on the register on 11th October 2013, making a total for the year of 24p (2012: 24p).
• Cash and cash equivalents at 31st May 2013 were £10.1 million (2012: £5.4 million).
SUMMARY
· Funds under management ("FuM") at 31st May 2013 were US$3.7 billion (2012: US$4.5 billion), a decline of 17%. In sterling terms, FuM fell by 16% to £2.4 billion (2012: £2.9 billion). The MSCI Emerging Markets Index ("MXEF") registered an 11% increase over the same period.
• We are now open to new investors, with a view to accepting up to US$500 million by 31st December 2014
· Revenues, representing the Group's management charges on FuM, were £29.4 million (2012: £34.1 million). Profit before tax was £8.9 million (2012: £11.5 million).
• Basic earnings per share were 24.9p (2012: 33.8p) after a tax charge of 29% (2012: 26%) of pre-tax profits.
• A maintained final dividend of 16p per share is recommended, payable on 25th October 2013 to shareholders on the register on 11th October 2013, making a total for the year of 24p (2012: 24p).
• Cash and cash equivalents at 31st May 2013 were £10.1 million (2012: £5.4 million).
Stan
- 12 Sep 2013 14:00
- 85 of 300
Looks like Kabouter Management LLC have gone below 6% if I'm not mistaken http://www.moneyam.com/action/news/showArticle?id=4667220
skinny
- 12 Sep 2013 15:10
- 86 of 300
You are not!
Stan
- 12 Sep 2013 15:46
- 87 of 300
Danm it! I was hoping I was as a holder -);
Balerboy
- 12 Sep 2013 20:47
- 88 of 300
div sounds good, glad i held on. Traded a few on the high and bought back in not long ago.
skinny
- 13 Sep 2013 10:21
- 89 of 300
skinny
- 18 Sep 2013 15:29
- 90 of 300
Balerboy
- 18 Sep 2013 21:13
- 91 of 300
in profit again, onwards and upwards.,.
skinny
- 01 Oct 2013 14:22
- 92 of 300
Strong again today - ex dividend 9th October @16p.
Stan
- 01 Oct 2013 14:24
- 93 of 300
Ah yes, that rather juicy divvy.. thanks for the reminder Skinny -):
skinny
- 03 Oct 2013 12:03
- 94 of 300
Trying 270p.
;MA(50);MA(200)&IND=VOLMA(60);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 07 Oct 2013 07:12
- 95 of 300
Interim Management Statement
AGM Trading Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 31st May 2013 to 30th September 2013. City of London's Annual General Meeting is being held today.
Funds under Management
As at 30th September 2013, FuM were US$3.4 billion (£2.1 billion). This compares to US$3.7 billion (£2.4 billion) at the Company's year-end on 31st May 2013. In US dollar terms, allowing for client withdrawals, this represents a fall of 8% against the MSCI Emerging Markets Index, which fell by 1% over the same period. With the September reopening of the core emerging markets strategy we are able to report the first major mandate win, with expected funding in the fourth quarter of 2013.
Operations
The Group's income accrues at a weighted average rate of approximately 92 basis points, net of commissions. Costs remain under control with "fixed" costs in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £0.8 million per month based upon current FuM and a US$/£ exchange rate of US$1.6 to £1. The Group estimates that post-tax profit for the first four months of the year will be approximately £1.6 million.
We continue to raise the profile of the diversification products with prospects and consultants. This includes the China A Share CEF strategy, where we are awaiting approval for our second tranche of US$100 million in Qualified Foreign Institutional Investor quota.
Dividends
The final dividend of 16 pence per share, subject to approval at today's AGM, will be paid on 25th October 2013, bringing the total dividend for the financial year 2012-13 to 24 pence. Encouraged by both recent marketing success and a recovery in emerging markets, the Board is hopeful that run-rate profits will be sufficient to maintain the dividend during the current year, although this is likely to require a continued relaxation of the Group's 1.5 x dividend cover policy.
Remuneration Policy
The Board is aware of understandable concerns by shareholders with regard to the firm's remuneration policy.
Firstly as regards the compensation payments paid to the former CEO and FD, these were made after very extensive consultation and negotiation and were, in the unanimous opinion of the Board, made in the best interests of the company and its shareholders. Regrettably the Compromise Agreements entered into prevent the disclosure of any further information in connection with those payments.
Secondly, as regards the firm's ESOP programme, the Board is again unanimous that it is in the best interests of CLIG. It should be noted that the shares issued are non-dilutive as they are purchased in the market, no new shares are issued, and, most importantly, our clients continue to emphasise the desirability of significant staff participation in the equity of CLIG.
Board composition
As previously announced, Barry Aling joined the Board on 1st August 2013. He has assumed the role of Audit Committee Chair. Allan Bufferd is the Senior Independent Director and Chairs the Remuneration Committee. Rian Dartnell is the Nominations Committee Chair.
Half year results for the six months to 30th November 2013 will be announced on 20th January 2014.
AGM Trading Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 31st May 2013 to 30th September 2013. City of London's Annual General Meeting is being held today.
Funds under Management
As at 30th September 2013, FuM were US$3.4 billion (£2.1 billion). This compares to US$3.7 billion (£2.4 billion) at the Company's year-end on 31st May 2013. In US dollar terms, allowing for client withdrawals, this represents a fall of 8% against the MSCI Emerging Markets Index, which fell by 1% over the same period. With the September reopening of the core emerging markets strategy we are able to report the first major mandate win, with expected funding in the fourth quarter of 2013.
Operations
The Group's income accrues at a weighted average rate of approximately 92 basis points, net of commissions. Costs remain under control with "fixed" costs in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £0.8 million per month based upon current FuM and a US$/£ exchange rate of US$1.6 to £1. The Group estimates that post-tax profit for the first four months of the year will be approximately £1.6 million.
We continue to raise the profile of the diversification products with prospects and consultants. This includes the China A Share CEF strategy, where we are awaiting approval for our second tranche of US$100 million in Qualified Foreign Institutional Investor quota.
Dividends
The final dividend of 16 pence per share, subject to approval at today's AGM, will be paid on 25th October 2013, bringing the total dividend for the financial year 2012-13 to 24 pence. Encouraged by both recent marketing success and a recovery in emerging markets, the Board is hopeful that run-rate profits will be sufficient to maintain the dividend during the current year, although this is likely to require a continued relaxation of the Group's 1.5 x dividend cover policy.
Remuneration Policy
The Board is aware of understandable concerns by shareholders with regard to the firm's remuneration policy.
Firstly as regards the compensation payments paid to the former CEO and FD, these were made after very extensive consultation and negotiation and were, in the unanimous opinion of the Board, made in the best interests of the company and its shareholders. Regrettably the Compromise Agreements entered into prevent the disclosure of any further information in connection with those payments.
Secondly, as regards the firm's ESOP programme, the Board is again unanimous that it is in the best interests of CLIG. It should be noted that the shares issued are non-dilutive as they are purchased in the market, no new shares are issued, and, most importantly, our clients continue to emphasise the desirability of significant staff participation in the equity of CLIG.
Board composition
As previously announced, Barry Aling joined the Board on 1st August 2013. He has assumed the role of Audit Committee Chair. Allan Bufferd is the Senior Independent Director and Chairs the Remuneration Committee. Rian Dartnell is the Nominations Committee Chair.
Half year results for the six months to 30th November 2013 will be announced on 20th January 2014.
skinny
- 08 Oct 2013 15:02
- 96 of 300
Ex dividend tomorrow - 16p.
skinny
- 28 Nov 2013 12:41
- 97 of 300
skinny
- 02 Dec 2013 07:41
- 98 of 300
Trading Update
FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2013, TRADING UPDATE
City of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 30 November 2013 were US$3.5 billion (£2.1 billion). This compares with US$3.9 billion (£2.4 billion) at 30 November 2012 and US$3.7 billion (£2.4 billion) at 31 May 2013.
As previously announced, FuM on 30 September 2013 were US$3.4 billion (£2.1 billion). FuM increased by 3% over the period, which was in line with the increase in the MSCI Emerging Markets Index (MXEF) from 987 to 1018 over the same period.
As of the end of November the monthly "run-rate" for operating profit, before profit-share of c. 30%, is approximately £0.8 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 30 November 2013 to be approximately £3.3 million, which compares to £4.7 million for the equivalent period to 30 November 2012.
The Company is currently in a close period which will end with the publication of results for the six months ended 30 November 2013 on 20 January 2014.
-ends-
FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2013, TRADING UPDATE
City of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 30 November 2013 were US$3.5 billion (£2.1 billion). This compares with US$3.9 billion (£2.4 billion) at 30 November 2012 and US$3.7 billion (£2.4 billion) at 31 May 2013.
As previously announced, FuM on 30 September 2013 were US$3.4 billion (£2.1 billion). FuM increased by 3% over the period, which was in line with the increase in the MSCI Emerging Markets Index (MXEF) from 987 to 1018 over the same period.
As of the end of November the monthly "run-rate" for operating profit, before profit-share of c. 30%, is approximately £0.8 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 30 November 2013 to be approximately £3.3 million, which compares to £4.7 million for the equivalent period to 30 November 2012.
The Company is currently in a close period which will end with the publication of results for the six months ended 30 November 2013 on 20 January 2014.
-ends-
skinny
- 04 Dec 2013 11:05
- 99 of 300
Canaccord Genuity Buy 242.00 245.00 333.00 333.00 Retains
skinny
- 20 Jan 2014 07:03
- 100 of 300
Half Yearly Report
SUMMARY
• Funds under Management ("FuM") of US$3.5 billion (£2.1 billion) at 30th November 2013. This compares with
US$3.7 billion (£2.4 billion) at the beginning of this financial year on 1st June 2013 and US$3.9 billion (£2.4 billion)
at 30th November 2012
• FuM at 31st December 2013 of US$3.5 billion (£2.1 billion)
• Revenues representing the Group's management charges on FuM, were £11.8 million (2012: £15.1 million)
• Profit before tax of £3.3 million (2012: £4.7 million)
• Maintained interim dividend of 8p per share payable on 28th February 2014 to shareholders on the register on
7th February 2014
• Cash and cash equivalents at the period end of £9.9 million (2012: £5.8 million)
• Change of financial year end from 31st May to 30th June
"It was with considerable pleasure that we witnessed towards the endof the 6 month period both confirmation of
the turnaround in our investment performance together with renewed interest in taking advantage of
a "cheap" Emerging Markets CEF sector by contrarian and opportunistic investors."
David Cardale, Chairman
SUMMARY
• Funds under Management ("FuM") of US$3.5 billion (£2.1 billion) at 30th November 2013. This compares with
US$3.7 billion (£2.4 billion) at the beginning of this financial year on 1st June 2013 and US$3.9 billion (£2.4 billion)
at 30th November 2012
• FuM at 31st December 2013 of US$3.5 billion (£2.1 billion)
• Revenues representing the Group's management charges on FuM, were £11.8 million (2012: £15.1 million)
• Profit before tax of £3.3 million (2012: £4.7 million)
• Maintained interim dividend of 8p per share payable on 28th February 2014 to shareholders on the register on
7th February 2014
• Cash and cash equivalents at the period end of £9.9 million (2012: £5.8 million)
• Change of financial year end from 31st May to 30th June
"It was with considerable pleasure that we witnessed towards the endof the 6 month period both confirmation of
the turnaround in our investment performance together with renewed interest in taking advantage of
a "cheap" Emerging Markets CEF sector by contrarian and opportunistic investors."
David Cardale, Chairman
BAYLIS
- 20 Jan 2014 16:09
- 101 of 300
nice move
Fred1new
- 20 Jan 2014 16:17
- 102 of 300
Can I expect the share price to rise to my purchase price?
The only good thing about this company so far is the yield.
The only good thing about this company so far is the yield.
Balerboy
- 20 Jan 2014 16:34
- 103 of 300
Back in profit here fred...... smug look ;)
BAYLIS
- 22 Jan 2014 11:55
- 104 of 300
Dividends
Since becoming a public company in 2006, it has been your board's policy at least to maintain the dividend within the constraints of financial responsibility. In the light of both our substantial uncommitted liquid resources, together with the improved trading outlook, it is our intention, notwithstanding the weaker trading overthe first half year, to pay a maintained dividend of 8p on 28th February 2014 to shareholders on the register on
7th February 2014.
Our dividend payment policy has normally been based on a split of one third/two thirds between the interim and the final, and currentlythere are no plans for this to change however this assumes a continuation of the recovery that we have been benefitingfrom in recent months. In the light of the limited amount of working capital that a business of this nature both needs and, in addition,is required by the regulators to maintain, the board is reviewing the logic of our historic policy of a target cover as high as 1.5 times.
Since becoming a public company in 2006, it has been your board's policy at least to maintain the dividend within the constraints of financial responsibility. In the light of both our substantial uncommitted liquid resources, together with the improved trading outlook, it is our intention, notwithstanding the weaker trading overthe first half year, to pay a maintained dividend of 8p on 28th February 2014 to shareholders on the register on
7th February 2014.
Our dividend payment policy has normally been based on a split of one third/two thirds between the interim and the final, and currentlythere are no plans for this to change however this assumes a continuation of the recovery that we have been benefitingfrom in recent months. In the light of the limited amount of working capital that a business of this nature both needs and, in addition,is required by the regulators to maintain, the board is reviewing the logic of our historic policy of a target cover as high as 1.5 times.
skinny
- 22 Jan 2014 16:46
- 105 of 300
Looking positive.
;MA(50);MA(200);AreaBB(26,2)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Balerboy
- 03 Feb 2014 14:05
- 106 of 300
8p div, on wednesday......lovely.,.
skinny
- 04 Mar 2014 07:02
- 107 of 300
INTERIM MANAGEMENT STATEMENT
Quarterly Funds under Management ("FuM") Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 December 2013 to 28 February 2014.
Funds under Management
As at 28 February 2014, FuM were US$3.4 billion (£2.0 billion). This compares to US$3.5 billion (£2.1 billion) at the end of the first six months of the year on 30 November 2013. In US dollar terms, this represents a fall of 3%, as compared to a 5% fall in the MSCI Emerging Markets Index over the same period. Net inflows of $55 million have been confirmed for funding during March 2014.
Operations
The Group's income is currently accruing at a weighted average rate of approximately 86 basis points, net of commissions, which is consistent with the forward guidance provided in the half year report. "Fixed" costs are running to budget at £0.8 million per month, accordingly, the current run-rate for operating profit, before profit-share, is approximately £0.6 million per month based upon current FuM and a US$/£ exchange rate of US$1.67 to £1. Additional cost efficiencies in excess of £0.5 million are currently being implemented, some of which will accrue in this financial year and some of which will accrue next year.
Subject to final agreement, the Board expects to extend Chief Executive Barry Olliff's employment agreement until 2019. This follows the previously announced handing over of his Emerging Market CIO responsibilities to Mark Dwyer by September 2015.
Dividends
The interim dividend of 8 pence per share was paid on 28 February 2014; the Board has not revised its position on the final dividend as communicated to shareholders in the Interim Statement released on 20 January 2014.
Due to the change in year end from 31 May to 30 June the Group's pre-close trading update will now be released on 15 July 2014.
Quarterly Funds under Management ("FuM") Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 December 2013 to 28 February 2014.
Funds under Management
As at 28 February 2014, FuM were US$3.4 billion (£2.0 billion). This compares to US$3.5 billion (£2.1 billion) at the end of the first six months of the year on 30 November 2013. In US dollar terms, this represents a fall of 3%, as compared to a 5% fall in the MSCI Emerging Markets Index over the same period. Net inflows of $55 million have been confirmed for funding during March 2014.
Operations
The Group's income is currently accruing at a weighted average rate of approximately 86 basis points, net of commissions, which is consistent with the forward guidance provided in the half year report. "Fixed" costs are running to budget at £0.8 million per month, accordingly, the current run-rate for operating profit, before profit-share, is approximately £0.6 million per month based upon current FuM and a US$/£ exchange rate of US$1.67 to £1. Additional cost efficiencies in excess of £0.5 million are currently being implemented, some of which will accrue in this financial year and some of which will accrue next year.
Subject to final agreement, the Board expects to extend Chief Executive Barry Olliff's employment agreement until 2019. This follows the previously announced handing over of his Emerging Market CIO responsibilities to Mark Dwyer by September 2015.
Dividends
The interim dividend of 8 pence per share was paid on 28 February 2014; the Board has not revised its position on the final dividend as communicated to shareholders in the Interim Statement released on 20 January 2014.
Due to the change in year end from 31 May to 30 June the Group's pre-close trading update will now be released on 15 July 2014.
skinny
- 05 Mar 2014 11:51
- 108 of 300
Director/PDMR Shareholding
The Company would like to advise that Barry Olliff, Chief Executive Officer, bought 50,000 ordinary shares of 1p each. Details of the purchases are set out in the table below:
Date Price No. of shares
4 March 2014 £2.55 25,000
5 March 2014 £2.50 25,000
These transactions took place in London.
Mr Olliff's resultant shareholding in the Company is shown below:
Director Resultant holding % of issued share capital
Barry Olliff 3,130,000 11.6%
The Company would like to advise that Barry Olliff, Chief Executive Officer, bought 50,000 ordinary shares of 1p each. Details of the purchases are set out in the table below:
Date Price No. of shares
4 March 2014 £2.55 25,000
5 March 2014 £2.50 25,000
These transactions took place in London.
Mr Olliff's resultant shareholding in the Company is shown below:
Director Resultant holding % of issued share capital
Barry Olliff 3,130,000 11.6%
Balerboy
- 05 Mar 2014 11:55
- 109 of 300
nearly as many as i have........
skinny
- 07 Mar 2014 08:54
- 110 of 300
.
Balerboy
- 07 Mar 2014 09:33
- 111 of 300
Does the link above have a bearing on clig skinny?
skinny
- 07 Mar 2014 10:02
- 112 of 300
No - good spot, I meant to post it on the GLIF thread!!
skinny
- 07 Mar 2014 10:19
- 113 of 300
Tried 260 for the 3rd time earlier.
skinny
- 02 Apr 2014 15:07
- 114 of 300
260 breached and gap closed for now.
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Fred1new
- 02 Apr 2014 17:26
- 115 of 300
This one owes me.
The only good thing about it for me is the yield!
Ummh.
Have considered dumping and moving on, but ???????
The only good thing about it for me is the yield!
Ummh.
Have considered dumping and moving on, but ???????
Balerboy
- 02 Apr 2014 19:21
- 116 of 300
unfortunately i did dump to go else where, but i'm sure it'll come back....... div is good so back in before october.,.
skinny
- 24 Apr 2014 14:43
- 117 of 300
Above 260 again and with some volume today - the spread can be a killer!
HARRYCAT
- 24 Apr 2014 15:44
- 118 of 300
It's quite an interesting 5 year chart and arguably the trend is now firmly up. As a medium term investment looks quite good with a divi yield of c9%. Only market cap of £70m and a Beta of 0.39 which worry me slightly, though the spread is not such a worry if you buy for the medium/long term.
Sp seems to have cleared the 260p level as per post #113. I suppose it needs to hold above that for a while to convince new buyers?
Sp seems to have cleared the 260p level as per post #113. I suppose it needs to hold above that for a while to convince new buyers?
skinny
- 24 Apr 2014 15:58
- 119 of 300
Lets hope so Harry - I bought in @235 last September and regretted not selling as it quickly rose to the 270s - at least I've had a couple of chunky dividends.
skinny
- 04 Jun 2014 13:39
- 120 of 300
12 month high @276.50p
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 10 Jun 2014 09:38
- 121 of 300
Canaccord Genuity Buy 269.13 273.50 333.00 333.00 Retains
skinny
- 20 Jun 2014 09:48
- 122 of 300
That will be £3.
Stan
- 20 Jun 2014 10:07
- 123 of 300
Ye ha!.. keep going you fool.
Fred1new
- 20 Jun 2014 12:08
- 124 of 300
Stan,
Nice dividend on this one!
Worth holding and I might get my initial outlay back plus yield!
Hope leads me!
Nice dividend on this one!
Worth holding and I might get my initial outlay back plus yield!
Hope leads me!
skinny
- 20 Jun 2014 12:09
- 125 of 300
I'm a relative new comer here last September so @25% up.
Apparently cannacord have a note @£5 out - but I can't find it as yet!
Apparently cannacord have a note @£5 out - but I can't find it as yet!
Fred1new
- 20 Jun 2014 12:13
- 126 of 300
That would be quite acceptable!
Fred1new
- 20 Jun 2014 14:05
- 127 of 300
PS.
There is one problem with this share and that is spread.
What I have done is used limit B.and S.
There is one problem with this share and that is spread.
What I have done is used limit B.and S.
skinny
- 20 Jun 2014 14:10
- 128 of 300
That is a problem definitely (13.25p as I type) - I bought using a limit, which took a while to get filled - I assume doing the same when selling will take even longer!
The volume has been quite strong the past couple of days (MAM charts not correct).
The volume has been quite strong the past couple of days (MAM charts not correct).
Stan
- 20 Jun 2014 15:28
- 129 of 300
Ages since my buy on this one but agree, the spread needs watching.
Balerboy
- 20 Jun 2014 21:07
- 130 of 300
not in at mo but had div earlier, oct is next div I think so hope not too much of a jump till then please.,.
BAYLIS
- 06 Jul 2014 20:29
- 131 of 300
skinny [View skinny's profile] - 20 Jun 2014 09:48 - 122 of 130
That will be £3.
soon good.
That will be £3.
soon good.
skinny
- 15 Jul 2014 07:02
- 132 of 300
skinny
- 15 Jul 2014 10:58
- 133 of 300
Canaccord Genuity Buy 289.63 298.50 333.00 369.00 Retains
skinny
- 30 Jul 2014 10:57
- 134 of 300
Still on the up - 7.63% yield.
Stan
- 30 Jul 2014 11:06
- 135 of 300
Indeed Skinny.. This one moves in mysterious ways.
Balerboy
- 31 Jul 2014 08:24
- 136 of 300
Caught me out, didn't think it would break through the £3 barrier so soon.
skinny
- 15 Sep 2014 07:10
- 137 of 300
Final Results
SUMMARY
• Funds under management (FuM) at 30th June 2014 were US$3.9 billion (2013: US$3.7 billion), an increase of 6%. In sterling terms, FuM fell by 6% to £2.3 billion (2013: £2.4 billion) as a result of the cross rate moving from 1.52 to 1.71 over the period. The MSCI Emerging Markets TR Net Index registered a 7% increase over the same period.
• Revenues, representing the Group's management charges on FuM, were £24.2 million (2013: £29.4 million). Profit before tax was £7.2 million (2013: £8.9 million).
• Basic earnings per share were 20.7p (2013: 24.9p) after a tax charge of 28% (2013: 29%) of pre-tax profits.
• A maintained final dividend of 16p per share is recommended, payable on 31st October 2014 to shareholders on the register on 10th October 2014, making a total for the period of 24p (2013: 24p).
• Cash and cash equivalents at 30th June 2014 were £10.2 million (2013: £10.1 million).
• Change of financial year end from 31st May to 30th June, resulting in a thirteen month period.
For a copy of the full report or further information, please visit the shareholders page of our website http://www.citlon.co.uk or contact:
SUMMARY
• Funds under management (FuM) at 30th June 2014 were US$3.9 billion (2013: US$3.7 billion), an increase of 6%. In sterling terms, FuM fell by 6% to £2.3 billion (2013: £2.4 billion) as a result of the cross rate moving from 1.52 to 1.71 over the period. The MSCI Emerging Markets TR Net Index registered a 7% increase over the same period.
• Revenues, representing the Group's management charges on FuM, were £24.2 million (2013: £29.4 million). Profit before tax was £7.2 million (2013: £8.9 million).
• Basic earnings per share were 20.7p (2013: 24.9p) after a tax charge of 28% (2013: 29%) of pre-tax profits.
• A maintained final dividend of 16p per share is recommended, payable on 31st October 2014 to shareholders on the register on 10th October 2014, making a total for the period of 24p (2013: 24p).
• Cash and cash equivalents at 30th June 2014 were £10.2 million (2013: £10.1 million).
• Change of financial year end from 31st May to 30th June, resulting in a thirteen month period.
For a copy of the full report or further information, please visit the shareholders page of our website http://www.citlon.co.uk or contact:
skinny
- 15 Sep 2014 10:48
- 138 of 300
N+1 Singer Buy 323.88 320.25 317.00 317.00 Reiterates
skinny
- 16 Sep 2014 11:07
- 139 of 300
Link copied - Cannacord note
skinny
- 22 Oct 2014 07:03
- 140 of 300
Interim Management Statement
AGM Trading Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 30th June 2014 to 30th September 2014. City of London's Annual General Meeting is being held today.
Funds under Management (FuM)
As at 30th September 2014, FuM were US$4.0 billion (£2.5 billion). This compares to US$3.9 billion (£2.3 billion) at the Company's year-end on 30th June 2014. In US dollar terms, this represents a rise of 2.5% against the MSCI Emerging Markets Index (US dollar based), which fell by 3.5% over the same period.
Investment performance across the firm's investment strategies remained strong, with first or second quartile results versus manager peers.
The Company is pleased to announce that $350 million of the $500 million targeted for the EM CEF business within this calendar year has been raised. In addition, $250m is targeted in the present financial year for Diversification products and confirmation of a potential major mandate win is awaited.
Monthly updates of FuM are available on the Company's website.
Operations
The Group's income currently accrues at a weighted average rate of approximately 85 basis points, net of third party commissions. "Fixed" costs for the quarter were under budget at a little over £0.7 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.0 million per month based upon current FuM and a US$/£ exchange rate of US$1.62 to £1. The Group estimates that post-tax profit for the first three months of the year will be approximately £1.6 million.
Having provided shareholders with both a template and assumptions via which they can determine their own estimate of CLIG's profitability, shareholders can accordingly adjust their estimates based on the recent fall in markets.
No adjustments to the assumptions are being made at this time.
Dividends
The final dividend of 16 pence per share, subject to approval at today's AGM, will be paid on 31st October 2014, bringing the total dividend for the financial year 2013-14 to 24 pence.
Remuneration Policy
The Board is aware of shareholder concerns with regard to the firm's remuneration policy.
The main components of City of London's remuneration policy are a fair base salary and an allocation from the bonus pool, which is calculated as no more than 30% of profits. In addition, all full time employees participate in the Employee Share Option Scheme and the Group provides competitive fringe benefits, principally a defined contribution pension scheme. This remuneration policy, which is unchanged since the Group first listed in 2006, has successfully motivated an exceptionally stable management team. The allocation of the bonus pool and the ESOP awards is at the discretion of the Remuneration Committee. The Group has discussed its remuneration policy with its major shareholders, who have collectively expressed support at the manner in which this discretion has been exercised. The Board acknowledges, however, some concerns have been raised regarding the policy, for example regarding the Remuneration Committee's unlimited discretion. It is intended to examine what changes to the policy can be made in order to address these concerns, without undermining its successful application to date.
As regards the firm's ESOP programme, the Board is again unanimous that it is in the best interests of CLIG. It should be noted that the shares issued are non-dilutive as they are purchased in the market, no new shares are issued, and, most importantly, our clients continue to emphasise the desirability of significant staff participation in the equity of CLIG.
Half year results for the six months to 31st December 2014 will be announced on 11th February 2015.
AGM Trading Update
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 30th June 2014 to 30th September 2014. City of London's Annual General Meeting is being held today.
Funds under Management (FuM)
As at 30th September 2014, FuM were US$4.0 billion (£2.5 billion). This compares to US$3.9 billion (£2.3 billion) at the Company's year-end on 30th June 2014. In US dollar terms, this represents a rise of 2.5% against the MSCI Emerging Markets Index (US dollar based), which fell by 3.5% over the same period.
Investment performance across the firm's investment strategies remained strong, with first or second quartile results versus manager peers.
The Company is pleased to announce that $350 million of the $500 million targeted for the EM CEF business within this calendar year has been raised. In addition, $250m is targeted in the present financial year for Diversification products and confirmation of a potential major mandate win is awaited.
Monthly updates of FuM are available on the Company's website.
Operations
The Group's income currently accrues at a weighted average rate of approximately 85 basis points, net of third party commissions. "Fixed" costs for the quarter were under budget at a little over £0.7 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.0 million per month based upon current FuM and a US$/£ exchange rate of US$1.62 to £1. The Group estimates that post-tax profit for the first three months of the year will be approximately £1.6 million.
Having provided shareholders with both a template and assumptions via which they can determine their own estimate of CLIG's profitability, shareholders can accordingly adjust their estimates based on the recent fall in markets.
No adjustments to the assumptions are being made at this time.
Dividends
The final dividend of 16 pence per share, subject to approval at today's AGM, will be paid on 31st October 2014, bringing the total dividend for the financial year 2013-14 to 24 pence.
Remuneration Policy
The Board is aware of shareholder concerns with regard to the firm's remuneration policy.
The main components of City of London's remuneration policy are a fair base salary and an allocation from the bonus pool, which is calculated as no more than 30% of profits. In addition, all full time employees participate in the Employee Share Option Scheme and the Group provides competitive fringe benefits, principally a defined contribution pension scheme. This remuneration policy, which is unchanged since the Group first listed in 2006, has successfully motivated an exceptionally stable management team. The allocation of the bonus pool and the ESOP awards is at the discretion of the Remuneration Committee. The Group has discussed its remuneration policy with its major shareholders, who have collectively expressed support at the manner in which this discretion has been exercised. The Board acknowledges, however, some concerns have been raised regarding the policy, for example regarding the Remuneration Committee's unlimited discretion. It is intended to examine what changes to the policy can be made in order to address these concerns, without undermining its successful application to date.
As regards the firm's ESOP programme, the Board is again unanimous that it is in the best interests of CLIG. It should be noted that the shares issued are non-dilutive as they are purchased in the market, no new shares are issued, and, most importantly, our clients continue to emphasise the desirability of significant staff participation in the equity of CLIG.
Half year results for the six months to 31st December 2014 will be announced on 11th February 2015.
Stan
- 03 Nov 2014 09:01
- 141 of 300
Share buy-back announced today.
skinny
- 03 Nov 2014 09:02
- 142 of 300
Stan - it appears that its only 12,500 shares.
Stan
- 03 Nov 2014 09:24
- 143 of 300
I know but it's all I could afford at the mo -):
skinny
- 03 Nov 2014 09:39
- 144 of 300
:-)
sinutab - 03 Nov 2014 16:01 - 145 of 300
had a few more of these earlier. good recovery stock.
BAYLIS
- 06 Nov 2014 12:16
- 146 of 300
Fred1new
- 06 Nov 2014 15:01
- 147 of 300
I wish they would recover the only good thing about them for me has been the yield against price at 230 and the current price.
sinutab - 07 Nov 2014 11:27 - 148 of 300
Beter day.
Stan
- 12 Nov 2014 16:21
- 149 of 300
Volumes up today, wonder if thats good or bad.
skinny
- 12 Nov 2014 16:28
- 150 of 300
Stan as long as it keeps to the game plan....
Stan
- 12 Nov 2014 16:35
- 151 of 300
Yep, it seems steady around that 320-330 mark of late.
Stan
- 18 Nov 2014 13:59
- 152 of 300
Still steady in that 320-330 range, but unfortunately traders unlikely to make anything with that silly spread.. still seems to be heading in the right direction these days maybe fundies being trickled in.
Stan
- 26 Nov 2014 14:10
- 153 of 300
Just over 3% spread at the mo, an absolute killer for trading isn't it.
skinny
- 26 Nov 2014 14:20
- 154 of 300
Stan, have you tried a trade to see what you get offered?
Stan
- 26 Nov 2014 14:36
- 155 of 300
No, as I've had a sell order in for some time and the silly spread is in keeping with their norm, but point taken they might bite if I try an individual sell order.
Fred1new
- 26 Nov 2014 14:43
- 156 of 300
Another B. like this one is CNCT!
skinny
- 26 Nov 2014 14:49
- 157 of 300
I was just offered 332.5 to sell and 338 to buy for 1500.
Still not great - sit back and enjoy the dividend.
Still not great - sit back and enjoy the dividend.
Stan
- 26 Nov 2014 14:59
- 158 of 300
No I want to buy something with the proceeds -):
Balerboy
- 26 Nov 2014 15:13
- 159 of 300
Xmas pressy from ann summers for the mrs ;))
skinny
- 26 Nov 2014 15:13
- 160 of 300
Something like this ?
Balerboy
- 26 Nov 2014 15:46
- 161 of 300
not quite what I was thinking of.......
skinny
- 26 Nov 2014 16:08
- 162 of 300
Posts crossed! :-)
Stan
- 26 Nov 2014 16:12
- 163 of 300
No not a pressy or car chaps, a house I want to move nearer my very good friend ill -):
skinny
- 26 Nov 2014 16:18
- 164 of 300
ill?
Stan
- 26 Nov 2014 17:06
- 165 of 300
hills.. as in over the hill -):
skinny
- 26 Nov 2014 17:08
- 166 of 300
Stan
- 26 Nov 2014 17:09
- 167 of 300
-):
Stan
- 10 Dec 2014 13:27
- 168 of 300
Largest volume I've see with this one today for a while so far.
Stan
- 11 Dec 2014 12:16
- 169 of 300
Stan
- 02 Jan 2015 08:07
- 170 of 300
Missed this one: http://www.moneyam.com/action/news/showArticle?id=4946373
skinny
- 06 Jan 2015 07:07
- 171 of 300
FUNDS UNDER MANAGEMENT AS AT 31 DECEMBER 2014, TRADING UPDATE
City of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 31 December 2014 were US$4.0 billion (£2.6 billion). This compares with US$4.0 billion (£2.5 billion) at 30 September 2014, and US$3.9 billion (£2.3 billion) at the Company's year-end on 30 June 2014.
FuM remained unchanged over the quarter, while the MSCI Emerging Markets TR Index (NDUEEGF) fell 5% over the same period.
As of the end of December the monthly "run-rate" for operating profit, before profit-share of c.30%, is approximately £1.0 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 31 December 2014 to be approximately £4.3 million, which compares to £3.3 million for the equivalent period to 30 November 2013.
Note: the financial year end changed from May to June in 2014.
It should also be noted that our diversification products are now gaining traction and therefore we have set an increased target of $500m for the next financial year (2015/2016).
The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2014 on 11 February 2015.
more...
City of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 31 December 2014 were US$4.0 billion (£2.6 billion). This compares with US$4.0 billion (£2.5 billion) at 30 September 2014, and US$3.9 billion (£2.3 billion) at the Company's year-end on 30 June 2014.
FuM remained unchanged over the quarter, while the MSCI Emerging Markets TR Index (NDUEEGF) fell 5% over the same period.
As of the end of December the monthly "run-rate" for operating profit, before profit-share of c.30%, is approximately £1.0 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 31 December 2014 to be approximately £4.3 million, which compares to £3.3 million for the equivalent period to 30 November 2013.
Note: the financial year end changed from May to June in 2014.
It should also be noted that our diversification products are now gaining traction and therefore we have set an increased target of $500m for the next financial year (2015/2016).
The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2014 on 11 February 2015.
more...
Stan
- 28 Jan 2015 18:21
- 172 of 300
Blimey, its broken that 340p hump!
skinny
- 29 Jan 2015 06:37
- 173 of 300
I bet you are glad you didn't go short now! :-)
Actually the chart above is wrong - the days high was 335.50p - not 350.50p as indicated above.
Actually the chart above is wrong - the days high was 335.50p - not 350.50p as indicated above.
Stan
- 02 Feb 2015 14:49
- 174 of 300
A rather bigger volume today so far, you lot been buying/selling before the Interims next week or what? -):
Stan
- 03 Feb 2015 20:30
- 175 of 300
Stopped out on one of my pots today on these, seems to be looking on the up for next weeks interims as well.
Stan
- 09 Feb 2015 16:22
- 176 of 300
Doesn't seem as though it's going to break that 340p top before tomorrow's Interims now.
skinny
- 09 Feb 2015 16:27
- 177 of 300
Stan - Wednesday - Financial Calendar
Stan
- 09 Feb 2015 16:32
- 178 of 300
Oh yes your right , thanks Skinny even got in my diary as Wednesday!
Fred1new
- 09 Feb 2015 16:36
- 179 of 300
Stan.
I have hell this for yonks,
Thankful for yield long may it continue, but a little more haste in price rise would be appreciated.
I have hell this for yonks,
Thankful for yield long may it continue, but a little more haste in price rise would be appreciated.
Stan
- 09 Feb 2015 16:50
- 180 of 300
Yes I know what you mean, I'm hoping that this year will be better for Clig.
Fred1new
- 09 Feb 2015 17:38
- 181 of 300
From fundamentals it projected a PEG of 0.58 and yield of 7.16 for 2015!
Stan
- 09 Feb 2015 17:41
- 182 of 300
It's on the up, I can feel it in me water -):
Balerboy
- 09 Feb 2015 19:06
- 183 of 300
Take less whisky with it stan.,.
Balerboy
- 10 Feb 2015 09:04
- 184 of 300
Gona have to sell clig.....down 162p on my sw.........
Stan
- 10 Feb 2015 09:54
- 185 of 300
Interesting BB that while Cligs S/P is inaccurate, if you click on their chart it is showing 335p!
skinny
- 10 Feb 2015 11:47
- 186 of 300
Stan MAM apart, CLIG is also traded on PLUS - on SETs the spread is 334 - 344.75, on PLUS 325 - 345 - clear as mud!
Stan
- 10 Feb 2015 12:57
- 187 of 300
Thanks for the heads up Skinny.
skinny
- 11 Feb 2015 07:04
- 188 of 300
Interim Results
SUMMARY
• Funds under Management ("FuM") of US$4.0 billion (£2.6 billion) at 31st December 2014. This compares with US$3.9 billion (£2.3 billion) at the beginning of this financial year on 1st July 2014 and US$3.5 billion (£2.1 billion) at 30th November 2013
• FuM at 31st January 2015 of US$4.0 billion (£2.7 billion)
• Revenues, representing the Group's management charges on FuM, were £12.2 million (2013: £11.8 million)
• Profit before tax of £4.3 million (2013: £3.3 million)
• Maintained interim dividend of 8p per share payable on 6th March 2015 to shareholders on the register on 20th February 2015
• Cash and cash equivalents at the period end of £8.1 million (2013: £9.9 million) after ESOP share purchase (£1.0 million) and share cancellation (£0.3 million)
Note: the financial year end changed from May to June in 2014
I anticipate good progress in the further development of your company over the rest of the current year and beyond."
David Cardale, Chairman
This release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group's operations, results of operations, growth strategy and liquidity.
SUMMARY
• Funds under Management ("FuM") of US$4.0 billion (£2.6 billion) at 31st December 2014. This compares with US$3.9 billion (£2.3 billion) at the beginning of this financial year on 1st July 2014 and US$3.5 billion (£2.1 billion) at 30th November 2013
• FuM at 31st January 2015 of US$4.0 billion (£2.7 billion)
• Revenues, representing the Group's management charges on FuM, were £12.2 million (2013: £11.8 million)
• Profit before tax of £4.3 million (2013: £3.3 million)
• Maintained interim dividend of 8p per share payable on 6th March 2015 to shareholders on the register on 20th February 2015
• Cash and cash equivalents at the period end of £8.1 million (2013: £9.9 million) after ESOP share purchase (£1.0 million) and share cancellation (£0.3 million)
Note: the financial year end changed from May to June in 2014
I anticipate good progress in the further development of your company over the rest of the current year and beyond."
David Cardale, Chairman
This release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group's operations, results of operations, growth strategy and liquidity.
Stan
- 11 Feb 2015 10:39
- 189 of 300
Nothing frighting about that on first knockings is there chaps?
Fred1new
- 11 Feb 2015 10:50
- 190 of 300
Stan,
Have a look at growth rate over last 3 months and add yield to it.
It does cough and splutter, but appears to be going in right direction.
I am continuing to hold, but only just out of money on it.
Have a look at growth rate over last 3 months and add yield to it.
It does cough and splutter, but appears to be going in right direction.
I am continuing to hold, but only just out of money on it.
skinny
- 11 Feb 2015 11:24
- 191 of 300
I'll continue to hold for the yield and am helped by my fortuitous entry price.
Stan
- 11 Feb 2015 12:24
- 192 of 300
Yep, holding firm at 337.25p at the mo.
skinny
- 12 Feb 2015 09:54
- 193 of 300
Fred1new
- 12 Feb 2015 11:16
- 194 of 300
Thanks Skinny.
Stan
- 12 Feb 2015 16:03
- 195 of 300
Yes thanks Skinny, volume up today... so who's buying/selling?
Balerboy
- 16 Feb 2015 09:21
- 196 of 300
Look at clig go this morning.,.
Stan
- 17 Feb 2015 07:07
- 197 of 300
Out all day yesterday but back to see it tripped out of several positions, suspect the rise is buying in for Ex divi but don't know for sure. See how it go's today.
Stan
- 17 Feb 2015 12:30
- 198 of 300
12:03:52. 350.00. 100,000 O 350.25. 356.75. Sell. 15,435. 100,032.
Large trade just gone through, says sell but we know that is only 50/50... any of you lot trading it lately? -):
Large trade just gone through, says sell but we know that is only 50/50... any of you lot trading it lately? -):
BAYLIS
- 17 Feb 2015 19:53
- 199 of 300
cheers
Stan
- 18 Feb 2015 17:06
- 200 of 300
Fred1new
- 18 Feb 2015 17:07
- 201 of 300
I didn't buy them!
Stan
- 18 Feb 2015 17:09
- 202 of 300
Nor me, hope Skinny didn't -):
skinny
- 19 Feb 2015 08:19
- 203 of 300
Stan - but well documented - FINAL RESULTS FOR THE THIRTEEN MONTHS TO 30TH JUNE 2014
"Continuing in the vein of transparency, I would like to restate my intention regarding potential future sales of shares in the Company. I founded CLIG as an asset management business in 1991 and from the outset, I have always sought to align my interests with those of the Group's shareholders, both before and subsequent to the public listing in 2006. The consequence of this is that, as the largest shareholder and the Chief Executive of CLIG, a significant proportion of my personal resources remain invested in the Company and I believe it is appropriate and prudent, for both the Company and me personally, that I should gradually reduce my holding. Accordingly, I propose:
• Selling 500,000 at £3.50; 500,000 at £4.00 and 500,000 at £4.50. These are the same amounts and prices as referenced in the July Trading update."
"Continuing in the vein of transparency, I would like to restate my intention regarding potential future sales of shares in the Company. I founded CLIG as an asset management business in 1991 and from the outset, I have always sought to align my interests with those of the Group's shareholders, both before and subsequent to the public listing in 2006. The consequence of this is that, as the largest shareholder and the Chief Executive of CLIG, a significant proportion of my personal resources remain invested in the Company and I believe it is appropriate and prudent, for both the Company and me personally, that I should gradually reduce my holding. Accordingly, I propose:
• Selling 500,000 at £3.50; 500,000 at £4.00 and 500,000 at £4.50. These are the same amounts and prices as referenced in the July Trading update."
Stan
- 19 Feb 2015 16:15
- 204 of 300
I had completley forgot about that Skinny, thanks for the heads up.
Has he sold the 1st lot of the 500,000? if so then next stop is 4 quid.
Has he sold the 1st lot of the 500,000? if so then next stop is 4 quid.
Stan
- 02 Mar 2015 17:45
- 205 of 300
Over 100,000 in volume traded today so Bazzer dealing again I assume.
skinny
- 08 Apr 2015 07:05
- 206 of 300
Interim Management Statement
QUARTERLY FUNDS UNDER MANAGEMENT ("FUM") UPDATE
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 January 2015 to 31 March 2015.
Funds under Management
As at 31 March 2015 FuM were US$4.2 billion (£2.8 billion). This compares with US$4.0 billion (£2.6 billion) at 31 December 2014.
FuM rose 5% over the quarter, while the MSCI Emerging Markets TR Index (NDUEEGF) rose 2.2% over the same period.
Operations
The Group's income accrues at a weighted average rate of approximately 85 basis points, net of commissions and custody charges. "Fixed" costs are in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.2 million per month based upon current FuM and a US$/£ exchange rate of US$1.48 to £1.
Dividends
The interim dividend of 8 pence per share was paid on 6 March 2015, signalling the board's current intention to recommend a final dividend of not less than 16 pence, subject to no marked deterioration in our markets and our continuing current profitability.
-ends-
QUARTERLY FUNDS UNDER MANAGEMENT ("FUM") UPDATE
City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 January 2015 to 31 March 2015.
Funds under Management
As at 31 March 2015 FuM were US$4.2 billion (£2.8 billion). This compares with US$4.0 billion (£2.6 billion) at 31 December 2014.
FuM rose 5% over the quarter, while the MSCI Emerging Markets TR Index (NDUEEGF) rose 2.2% over the same period.
Operations
The Group's income accrues at a weighted average rate of approximately 85 basis points, net of commissions and custody charges. "Fixed" costs are in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.2 million per month based upon current FuM and a US$/£ exchange rate of US$1.48 to £1.
Dividends
The interim dividend of 8 pence per share was paid on 6 March 2015, signalling the board's current intention to recommend a final dividend of not less than 16 pence, subject to no marked deterioration in our markets and our continuing current profitability.
-ends-
Balerboy
- 08 Apr 2015 08:31
- 207 of 300
very nice.,.
BAYLIS
- 16 Apr 2015 19:58
- 208 of 300
LUV IT
Stan
- 17 Apr 2015 14:48
- 209 of 300
Stopped out for a satisfying profit...not forgetting some good divvies along the way.
skinny
- 17 Apr 2015 14:52
- 210 of 300
Although looking like a buy - I wonder if this is Barry?
14:09:26 350.00 250,000 O 343.00 348.25 Buy 250,666 108
14:09:26 350.00 250,000 O 343.00 348.25 Buy 250,666 108
skinny
- 17 Apr 2015 15:22
- 211 of 300
Confirmation :- Director/PDMR Shareholding
The Company would like to advise that Barry Olliff, Chief Executive Officer, today sold 250,000 ordinary shares of 1p each ("Ordinary Shares") at a price of 350 pence per share. The transaction took place in London.
Barry Olliff has now fulfilled the first tranche of his intended share sales, as (most recently) published in the June 2014 report and accounts. The current intention remains to sell 500,000 at £4.00 and 500,000 at £4.50.
Mr Olliff's resultant shareholdingin the Company following the transaction is 2,630,000Ordinary Shares, constituting 9.8% of the Company's issued share capital.
The Company would like to advise that Barry Olliff, Chief Executive Officer, today sold 250,000 ordinary shares of 1p each ("Ordinary Shares") at a price of 350 pence per share. The transaction took place in London.
Barry Olliff has now fulfilled the first tranche of his intended share sales, as (most recently) published in the June 2014 report and accounts. The current intention remains to sell 500,000 at £4.00 and 500,000 at £4.50.
Mr Olliff's resultant shareholdingin the Company following the transaction is 2,630,000Ordinary Shares, constituting 9.8% of the Company's issued share capital.
Stan
- 27 Apr 2015 11:35
- 212 of 300
Stopped out with my remaining trance now, so good luck to all still in.
Balerboy
- 27 Apr 2015 20:02
- 213 of 300
Don't understand why your out at this stage stan, if Barry is confident the sp will climb to 400 and 450p??
Stan
- 27 Apr 2015 20:37
- 214 of 300
Only reason BB is that I need the cash for something else, otherwise I would probaly still be in.
Balerboy
- 28 Apr 2015 19:42
- 215 of 300
;)
skinny
- 15 Jul 2015 07:03
- 216 of 300
Balerboy
- 25 Aug 2015 09:54
- 217 of 300
City of London confirms divi timetable
StockMarketWire.com
City of London Investment Group's board has confirmed the final dividend timetable for the year ended 30 June.
The dividend of 16p per share will be paid on 30 October to shareholders of record on 9 October. The ex-dividend date is 8 October.
At 9:44am: (LON:CLIG) City of London Investment Group PLC share price was +19.25p at 352.5p
skinny
- 14 Sep 2015 07:11
- 218 of 300
Final Results
SUMMARY
•Funds under management (FuM) at 30th June 2015 were US$4.2 billion (2014: US$3.9 billion), an increase of 8%. In sterling terms, FuM increased by 17% to £2.7 billion (2014: £2.3 billion) as a result of the cross rate moving from1.71 to 1.57 over the period. The MSCI Emerging Markets TR Net Index fell 5% over the same period.
•Revenues, representing the Group's management charges on FuM, were £25.4 million (2014: £24.2 million). Profit before tax was £8.9 million (2014: £7.4 million).
•Basic earnings per share were 26.4p (2014: 21.1p) after a tax charge of 26% (2014: 28%) of pre-tax profits.
•A maintained final dividend of 16p per share is recommended, payable on 30th October 2015 to shareholders on the register on 9th October 2015, making a total for the year of 24p (2014: 24p).
•Opened new office in Seattle, May 2015.
SUMMARY
•Funds under management (FuM) at 30th June 2015 were US$4.2 billion (2014: US$3.9 billion), an increase of 8%. In sterling terms, FuM increased by 17% to £2.7 billion (2014: £2.3 billion) as a result of the cross rate moving from1.71 to 1.57 over the period. The MSCI Emerging Markets TR Net Index fell 5% over the same period.
•Revenues, representing the Group's management charges on FuM, were £25.4 million (2014: £24.2 million). Profit before tax was £8.9 million (2014: £7.4 million).
•Basic earnings per share were 26.4p (2014: 21.1p) after a tax charge of 26% (2014: 28%) of pre-tax profits.
•A maintained final dividend of 16p per share is recommended, payable on 30th October 2015 to shareholders on the register on 9th October 2015, making a total for the year of 24p (2014: 24p).
•Opened new office in Seattle, May 2015.
skinny
- 14 Sep 2015 08:47
- 219 of 300
Canaccord Genuity Buy 335.00 369.00 400.00 Retains
Stan
- 08 Oct 2015 21:08
- 220 of 300
City of London Investment Group
First quarter trading update
City of London issued a trading statement this morning about their first quarter performance. Funds under management were $3.6bn as of the end of September. This is down on the $4.2bn as of the end of June, but slightly ahead of the last figure given with the annual results of $3.5bn. Profitability in the first quarter was £1.2m after tax. As well as weak markets weighing on fees, they have had an adverse effect on the company’s seed investment holdings, which has led to an unrealised loss of £0.2m.
Pipeline: The company indicates that the pipeline of potential mandates is still good, with $750m across all its main product areas. It is expected that this will give net gains of at least $250m over the next 6-9 months. We’d suggest in the current market environment timing will inevitably have some uncertainty.
Costs: Overall costs overall were in line with expectations at £0.8m per month before profit share. City of London has shown in the past it can cut the fixed cost base when markets are challenging, and has indicated that it is about to do so again.
Valuation: The shares have gone ex-dividend today. The prospective P/E of 15.0 times is a discount to the peer group. The yield of 7.2% is very attractive and should at the very least provide support for the shares in the current volatile markets.
Risks: To date City of London has not experienced the sorts of outflows that some other emerging market fund managers have, aided by its good performance and strong client servicing. Further EM volatility may increase that risk.
Investment summary: City of London has continued to show robust performance in challenging market conditions. The valuation remains reasonable. Without a market recovery the dividend may be uncovered in 2016, but with over £10m of cash the company can easily cover the £0.4m gap that current market levels imply.
Financial summary and valuation:
Year end Jun (£m) 2012* 2013* 2014* 2015 2016E 2017E
FUM ($bn) 4.48 3.71 3.90 4.20 3.99 4.60 Revenue (£m) 34.14 29.36 24.22 25.36 22.77 24.41 Statutory PTP 11.46 8.86 7.24 8.93 8.06 9.37 Statutory EPS (p) 33.8 24.9 20.7 26.4 22.2 27.9 Dividend (p) 24 24 24 24 24 24
P/E (x) 9.9 13.4 16.1 12.6 15.0 11.9 Yield 7.2% 7.2% 7.2% 7.2% 7.2% 7.2%
Source: Hardman & Co Research * 2012 and 2013 had May year ends. 2014 had 13 months in financial year.
First quarter trading update
City of London issued a trading statement this morning about their first quarter performance. Funds under management were $3.6bn as of the end of September. This is down on the $4.2bn as of the end of June, but slightly ahead of the last figure given with the annual results of $3.5bn. Profitability in the first quarter was £1.2m after tax. As well as weak markets weighing on fees, they have had an adverse effect on the company’s seed investment holdings, which has led to an unrealised loss of £0.2m.
Pipeline: The company indicates that the pipeline of potential mandates is still good, with $750m across all its main product areas. It is expected that this will give net gains of at least $250m over the next 6-9 months. We’d suggest in the current market environment timing will inevitably have some uncertainty.
Costs: Overall costs overall were in line with expectations at £0.8m per month before profit share. City of London has shown in the past it can cut the fixed cost base when markets are challenging, and has indicated that it is about to do so again.
Valuation: The shares have gone ex-dividend today. The prospective P/E of 15.0 times is a discount to the peer group. The yield of 7.2% is very attractive and should at the very least provide support for the shares in the current volatile markets.
Risks: To date City of London has not experienced the sorts of outflows that some other emerging market fund managers have, aided by its good performance and strong client servicing. Further EM volatility may increase that risk.
Investment summary: City of London has continued to show robust performance in challenging market conditions. The valuation remains reasonable. Without a market recovery the dividend may be uncovered in 2016, but with over £10m of cash the company can easily cover the £0.4m gap that current market levels imply.
Financial summary and valuation:
Year end Jun (£m) 2012* 2013* 2014* 2015 2016E 2017E
FUM ($bn) 4.48 3.71 3.90 4.20 3.99 4.60 Revenue (£m) 34.14 29.36 24.22 25.36 22.77 24.41 Statutory PTP 11.46 8.86 7.24 8.93 8.06 9.37 Statutory EPS (p) 33.8 24.9 20.7 26.4 22.2 27.9 Dividend (p) 24 24 24 24 24 24
P/E (x) 9.9 13.4 16.1 12.6 15.0 11.9 Yield 7.2% 7.2% 7.2% 7.2% 7.2% 7.2%
Source: Hardman & Co Research * 2012 and 2013 had May year ends. 2014 had 13 months in financial year.
skinny
- 19 Oct 2015 09:22
- 221 of 300
Stan
- 21 Oct 2015 23:07
- 222 of 300
dino78
- 11 Nov 2015 12:42
- 223 of 300
Good afternoon. Please find below a TV interview with CLIG's Barry Olliff
www.fmp-tv.co.uk/company/city-of-london-investment-group-investors-video-and-news/
www.fmp-tv.co.uk/company/city-of-london-investment-group-investors-video-and-news/
Stan
- 11 Nov 2015 13:18
- 224 of 300
Thanks dino,
I am using a newer computer and can't download Flashplayer at the moment, Anyone of you regulars on here listened to it yet?.. Fred, Skinny, Baylis or Balerboy?
I am using a newer computer and can't download Flashplayer at the moment, Anyone of you regulars on here listened to it yet?.. Fred, Skinny, Baylis or Balerboy?
skinny
- 11 Nov 2015 13:26
- 225 of 300
Refreshingly straight talking - the video - not Stan! :-)
Fred1new
- 11 Nov 2015 14:34
- 226 of 300
Stan.
one of my unrewarding buys.
Just in profit due to the good dividend.
As skinny said, seems straight moderate talking and I will hold for a while longer expecting continued div and some slow price gain.
one of my unrewarding buys.
Just in profit due to the good dividend.
As skinny said, seems straight moderate talking and I will hold for a while longer expecting continued div and some slow price gain.
Stan
- 11 Nov 2015 14:51
- 227 of 300
Thanks both, not in these at the moment but Bazzer is the biggest shareholder so worth a listen to I think, Fred you introduced me to CLIG and providing you watch the silly spread (at times) iv'e found it a good money maker and as you say the large divi can get us out of trouble .. you can't beat a straight talker I always say Skinny -):
skinny
- 11 Nov 2015 15:09
- 228 of 300
I've been in these for a couple of years now @235.50 - so quite happy @+45% plus 4 figures in dividends.
Barry is always clear about his selling strategy, which means I can sleep at night.
As mentioned before, the downside can be the crazy spread at times - which may affect any exit strategy (of mine).
Barry is always clear about his selling strategy, which means I can sleep at night.
As mentioned before, the downside can be the crazy spread at times - which may affect any exit strategy (of mine).
Stan
- 12 Jan 2016 07:35
- 229 of 300
Trading update http://www.moneyam.com/action/news/showArticle?id=5191019
skinny
- 15 Feb 2016 08:01
- 230 of 300
HALF YEAR RESULTS TO 31ST DECEMBER 2015
City of London (LSE:CLIG) announces half year results for the six months to 31st December 2015.
SUMMARY
• Funds under Management ("FuM") of US$3.8 billion (£2.6 billion) at 31st December 2015. This compares with US$4.2 billion (£2.7 billion) at the beginning of this financial year on 1st July 2015 and US$4.0 billion (£2.6 billion) at 31st December 2014
• FuM at 31st January 2016 of US$3.5 billion (£2.5 billion)
• Revenues representing the Group's management charges on FuM, were £11.8 million (2014: £12.2 million)
Profit before tax of £3.6 million (2014: £4.3 million)
• Maintained interim dividend of 8p per share payable on 11th March 2016 to shareholders on the register on 26th February 2016
• Cash and cash equivalents at the period end of £8.4 million (2014: £8.1 million)
This release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group's operations, results of operations, growth strategy and liquidity.
City of London (LSE:CLIG) announces half year results for the six months to 31st December 2015.
SUMMARY
• Funds under Management ("FuM") of US$3.8 billion (£2.6 billion) at 31st December 2015. This compares with US$4.2 billion (£2.7 billion) at the beginning of this financial year on 1st July 2015 and US$4.0 billion (£2.6 billion) at 31st December 2014
• FuM at 31st January 2016 of US$3.5 billion (£2.5 billion)
• Revenues representing the Group's management charges on FuM, were £11.8 million (2014: £12.2 million)
Profit before tax of £3.6 million (2014: £4.3 million)
• Maintained interim dividend of 8p per share payable on 11th March 2016 to shareholders on the register on 26th February 2016
• Cash and cash equivalents at the period end of £8.4 million (2014: £8.1 million)
This release includes forward-looking statements, which may differ from actual results. Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group's operations, results of operations, growth strategy and liquidity.
HARRYCAT
- 12 Apr 2016 07:57
- 231 of 300
StockMarketWire.com
City of London Investment Group's funds under management rose to $3.9bn at the end of March - up around 3% from $3.8bn at the end of December.
The MSCI Emerging Markets TR Index (NDUEEGF) rose c6% over the same period. Over the past three months inflows have marginally exceeded outflows. As referenced in the recent Interim Statement, the Group maintains a robust pipeline of potential business. This pipeline includes all three business lines. Investment Performance for the quarter has been disappointing with approximate underperformance of 3%. This has been due to discount widening and also greater exposure to small cap via the Closed End Funds in which the Group invests.
Investment performance remains in the 1st or 2nd quartile for all annualised periods.
The group also announced that Rian Dartnell will be resigning from the board from 1 July in order to focus on his recent appointment as chief executive of SHL Capital. The board thanked him for his contribution over the last five years and said his experience and advice will be greatly missed. Dartnell said: "It has been an honour and a pleasure to serve with such an able Board, overseeing an exceptional team and process at City of London. I will miss my time with my colleagues. I am confident the firm remains in strong hands and anticipate continued success at City of London."
And the group also announced the appointment of Zeus Capital as sole broker and financial adviser with immediate effect.
City of London Investment Group's funds under management rose to $3.9bn at the end of March - up around 3% from $3.8bn at the end of December.
The MSCI Emerging Markets TR Index (NDUEEGF) rose c6% over the same period. Over the past three months inflows have marginally exceeded outflows. As referenced in the recent Interim Statement, the Group maintains a robust pipeline of potential business. This pipeline includes all three business lines. Investment Performance for the quarter has been disappointing with approximate underperformance of 3%. This has been due to discount widening and also greater exposure to small cap via the Closed End Funds in which the Group invests.
Investment performance remains in the 1st or 2nd quartile for all annualised periods.
The group also announced that Rian Dartnell will be resigning from the board from 1 July in order to focus on his recent appointment as chief executive of SHL Capital. The board thanked him for his contribution over the last five years and said his experience and advice will be greatly missed. Dartnell said: "It has been an honour and a pleasure to serve with such an able Board, overseeing an exceptional team and process at City of London. I will miss my time with my colleagues. I am confident the firm remains in strong hands and anticipate continued success at City of London."
And the group also announced the appointment of Zeus Capital as sole broker and financial adviser with immediate effect.
Stan
- 14 Apr 2016 12:43
- 232 of 300
Hardman & Co issues research report on City of London Investment Group (CLIG.L)
Q3 boosted by market recovery
City of London issued a trading statement for the FY third quarter. Funds under management have benefitted from the equity market recovery and finished the quarter at $3.9bn, a 3% rise over the figure at the end of 2015. Unfortunately this lagged the MSCI Emerging Markets Index rise of 6%. The main factor in this lag was underperformance, with discounts on the underlying Closed End Funds widening and an overweight exposure to small-cap companies within those funds. This follows a lengthy period of outperformance and annualised figures remain first or second quartile across all periods.
Q3 boosted by market recovery
City of London issued a trading statement for the FY third quarter. Funds under management have benefitted from the equity market recovery and finished the quarter at $3.9bn, a 3% rise over the figure at the end of 2015. Unfortunately this lagged the MSCI Emerging Markets Index rise of 6%. The main factor in this lag was underperformance, with discounts on the underlying Closed End Funds widening and an overweight exposure to small-cap companies within those funds. This follows a lengthy period of outperformance and annualised figures remain first or second quartile across all periods.
BAYLIS
- 06 Oct 2016 21:02
- 233 of 300
ex div on 13 oct
skinny
- 10 Oct 2016 08:12
- 234 of 300
AGM Trading Update - 1st Qtr Funds under Mgmt
AGM Trading Update - 1st Quarter Funds under Management (FuM)
City of London (LSE: CLIG), a leading emerging markets asset management group, announces that as at 30th September 2016, FuM were US$4.3 billion (£3.4 billion). This compares with US$4.0 billion (£3.0 billion) at the Company's year-end on 30th June 2016. In US dollar terms, this represents an increase of c9% (based on actuals not rounded figures) in-line with the MSCI Emerging Markets Net TR Index (US dollar based), which also rose by c9% over the same period.
Monthly updates of FuM are available on our website www.citlon.co.uk.
BREXIT
It is worth reiterating CLIG's experience with regard to BREXIT:
· Virtually all CLIM income is USD based - our fees are sourced from US Institutions
· No adverse effects on FuM since the referendum result
· Over 90% of CLIM income on a see through basis is effectively derived from the Emerging Markets
· Approximately 40% of Group costs are in GBP
· Only 2.5% of CLIM assets are UCIT'S - very little fall out from BREXIT
Operations
The Group's income currently accrues at a weighted average rate of approximately 86 basis points of FuM, net of third party commissions. "Fixed" costs for the quarter were c£0.9 million per month, and accordingly the current run-rate for operating profit, before profit-share of 30%, is approximately £1.4 million per month based upon current FuM and a US$/£ exchange rate of US$1.3 to £1 as at 30th September 2016. With sterling falling significantly against the dollar in recent days, using a rate of 1.24 would result in an operating profit run-rate of c£1.5 million per month.
Although the operating profit run-rate is greatly improved from last year (2015: c£1.0 million per month), the Group is committed to containing costs in order to maximise shareholder returns.
The Group estimates that the post-tax profit for the first three months of the year will be approximately £2.3 million, after an unrealised profit on seed investments of £0.1 million (2015: £1.2 million, after an unrealised loss on seed investments of £0.2 million).
Having provided shareholders with both a template and assumptions via which they can determine their own estimate of CLIG's profitability, shareholders can accordingly adjust their estimates based on subsequent market movements.
Dividends
The final dividend of 16 pence per share, subject to approval at the AGM on 17th October 2016, will be paid on 31st October 2016, bringing the total dividend for the financial year 2015-16 to 24 pence.
Employee Incentive Plan (EIP)
At the forthcoming AGM shareholders will be asked to approve a new Employee Incentive Plan (EIP), the details of which can be found in the June 2016 financial statements. Both clients and shareholders have always considered it important that staff have a material level of share ownership in the business. With the Group's CEO, Barry Olliff's, retirement at the end of 2019, staff ownership is likely to be substantially reduced. The proposed new scheme is intended to broaden the employee share ownership base and invites all staff to sacrifice a part of their bonus in exchange for shares which the company will match. It is proposed that until Barry Olliff's retirement the limit of the staff profit-share pool be increased from 30% of pre-bonus, pre-tax profits to a potential maximum of 35% to cover the cost of the matching shares, subject to at least maintaining the current dividend. Thereafter, the plan will fall within the 30% limit of the profit-share pool. It should be noted that participation in the EIP is voluntary; as such the increase in the profit-share pool is dependent on the level of employee participation.
The Group firmly believes that its revised remuneration policy strikes the right balance for all stakeholders and ultimately that is in the best interest of shareholders.
AGM Trading Update - 1st Quarter Funds under Management (FuM)
City of London (LSE: CLIG), a leading emerging markets asset management group, announces that as at 30th September 2016, FuM were US$4.3 billion (£3.4 billion). This compares with US$4.0 billion (£3.0 billion) at the Company's year-end on 30th June 2016. In US dollar terms, this represents an increase of c9% (based on actuals not rounded figures) in-line with the MSCI Emerging Markets Net TR Index (US dollar based), which also rose by c9% over the same period.
Monthly updates of FuM are available on our website www.citlon.co.uk.
BREXIT
It is worth reiterating CLIG's experience with regard to BREXIT:
· Virtually all CLIM income is USD based - our fees are sourced from US Institutions
· No adverse effects on FuM since the referendum result
· Over 90% of CLIM income on a see through basis is effectively derived from the Emerging Markets
· Approximately 40% of Group costs are in GBP
· Only 2.5% of CLIM assets are UCIT'S - very little fall out from BREXIT
Operations
The Group's income currently accrues at a weighted average rate of approximately 86 basis points of FuM, net of third party commissions. "Fixed" costs for the quarter were c£0.9 million per month, and accordingly the current run-rate for operating profit, before profit-share of 30%, is approximately £1.4 million per month based upon current FuM and a US$/£ exchange rate of US$1.3 to £1 as at 30th September 2016. With sterling falling significantly against the dollar in recent days, using a rate of 1.24 would result in an operating profit run-rate of c£1.5 million per month.
Although the operating profit run-rate is greatly improved from last year (2015: c£1.0 million per month), the Group is committed to containing costs in order to maximise shareholder returns.
The Group estimates that the post-tax profit for the first three months of the year will be approximately £2.3 million, after an unrealised profit on seed investments of £0.1 million (2015: £1.2 million, after an unrealised loss on seed investments of £0.2 million).
Having provided shareholders with both a template and assumptions via which they can determine their own estimate of CLIG's profitability, shareholders can accordingly adjust their estimates based on subsequent market movements.
Dividends
The final dividend of 16 pence per share, subject to approval at the AGM on 17th October 2016, will be paid on 31st October 2016, bringing the total dividend for the financial year 2015-16 to 24 pence.
Employee Incentive Plan (EIP)
At the forthcoming AGM shareholders will be asked to approve a new Employee Incentive Plan (EIP), the details of which can be found in the June 2016 financial statements. Both clients and shareholders have always considered it important that staff have a material level of share ownership in the business. With the Group's CEO, Barry Olliff's, retirement at the end of 2019, staff ownership is likely to be substantially reduced. The proposed new scheme is intended to broaden the employee share ownership base and invites all staff to sacrifice a part of their bonus in exchange for shares which the company will match. It is proposed that until Barry Olliff's retirement the limit of the staff profit-share pool be increased from 30% of pre-bonus, pre-tax profits to a potential maximum of 35% to cover the cost of the matching shares, subject to at least maintaining the current dividend. Thereafter, the plan will fall within the 30% limit of the profit-share pool. It should be noted that participation in the EIP is voluntary; as such the increase in the profit-share pool is dependent on the level of employee participation.
The Group firmly believes that its revised remuneration policy strikes the right balance for all stakeholders and ultimately that is in the best interest of shareholders.
skinny
- 17 Jan 2017 08:57
- 235 of 300
FUNDS UNDER MANAGEMENT AS AT 31 DECEMBER 2016, TRADING UPDATE
ity of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 31 December 2016 were US$4.1 billion (£3.3 billion). This compares with US$4.0 billion (£3.0 billion) at the Company's year-end on 30 June 2016.
This rise in FuM of 2.5% compares with a gain of 4.5% in the MSCI Emerging Markets TR Index (NDUEEGF) over the six month period to 31 December 2016. Investment performance in the Emerging closed-end fund (CEF) strategy over the short term has been challenging. Our country allocation in 2016 was weak and this was compounded by poor net asset value (NAV) performances of the underlying CEFs. Discounts remain wide across the sector, with the current size-weighted average discount (SWAD) at c. 13%-14%, indicating significant value in the strategy.
With regards to business development, the Group continues to maintain an active pipeline across all of its major CEF offerings and has seen an increased interest in the diversification CEF strategies over the past 12 months. In total, the active pipeline is in excess of US$400 million, which includes opportunities that are spread across Emerging and Developed Markets, Global Tactical Asset Allocation, Tactical Income, and Frontier CEF strategies.
Operations
As of the end of December the monthly "run-rate" for operating profit, before profit-share of c.30%, is approximately £1.4 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 31 December 2016 to be approximately £5.8 million, which compares with £3.6 million for the equivalent period to 31 December 2015.
The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2016 on 20 February 2017.
ity of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 31 December 2016 were US$4.1 billion (£3.3 billion). This compares with US$4.0 billion (£3.0 billion) at the Company's year-end on 30 June 2016.
This rise in FuM of 2.5% compares with a gain of 4.5% in the MSCI Emerging Markets TR Index (NDUEEGF) over the six month period to 31 December 2016. Investment performance in the Emerging closed-end fund (CEF) strategy over the short term has been challenging. Our country allocation in 2016 was weak and this was compounded by poor net asset value (NAV) performances of the underlying CEFs. Discounts remain wide across the sector, with the current size-weighted average discount (SWAD) at c. 13%-14%, indicating significant value in the strategy.
With regards to business development, the Group continues to maintain an active pipeline across all of its major CEF offerings and has seen an increased interest in the diversification CEF strategies over the past 12 months. In total, the active pipeline is in excess of US$400 million, which includes opportunities that are spread across Emerging and Developed Markets, Global Tactical Asset Allocation, Tactical Income, and Frontier CEF strategies.
Operations
As of the end of December the monthly "run-rate" for operating profit, before profit-share of c.30%, is approximately £1.4 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 31 December 2016 to be approximately £5.8 million, which compares with £3.6 million for the equivalent period to 31 December 2015.
The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2016 on 20 February 2017.
Stan
- 27 Jan 2017 15:57
- 236 of 300
A jump up today.
skinny
- 27 Jan 2017 16:04
- 237 of 300
Looks like the MMS playing silly buggers with the spread - 360/382p
Fred1new
- 27 Jan 2017 16:18
- 238 of 300
CLIG often if not usually has a wide spread.
BAYLIS
- 13 Feb 2017 22:16
- 239 of 300
topped up
Stan
- 22 Feb 2017 15:40
- 240 of 300
Financial and Chief operating Bods adding today.
Stan
- 24 Mar 2017 14:52
- 241 of 300
Black Rock go below 10%.
Stan
- 03 Apr 2017 15:35
- 242 of 300
Now they go above 10%.
skinny
- 03 Apr 2017 16:09
- 243 of 300
Stan - looking at your link in post 241 - does it a correct link?
Stan
- 03 Apr 2017 16:47
- 244 of 300
No just noticed it myself, a bobby balls up on my part I'll delete it.
dreamcatcher
- 03 Apr 2017 16:49
- 245 of 300
Typical !!!!!!!!!!!!
Stan
- 03 Apr 2017 17:13
- 246 of 300
Had enough of this harisment.. I'm off to the pub cheers );-
skinny
- 03 Apr 2017 17:18
- 247 of 300
:-)
dreamcatcher
- 03 Apr 2017 18:57
- 248 of 300
lol
skinny
- 11 Apr 2017 07:50
- 249 of 300
Trading Update
INTERIM MANAGEMENT STATEMENT
QUARTERLY FUNDS UNDER MANAGEMENT ("FUM") UPDATE
City of London (LSE: CLIG), a leading emerging markets asset management group, provides a third quarter trading update for the period 1 January 2017 to 31 March 2017.
Funds under Management
As at 31 March 2017 FuM were US$4.4 billion (£3.5 billion), up approximately 8% from US$4.1 billion (£3.3 billion) at 31 December 2016. The MSCI Emerging Markets TR Index (NDUEEGF) in USD terms rose c11% over the same period.
Investment Performance
Investment Performance improved significantly during the quarter with over 90% of CLIM exposure outperforming relevant benchmarks YTD. The recent narrowing of our Size Weighted Average Discount has aided recent performance.
Business Development
With regards to business development, although the Group has seen net redemptions of cUS$140 million during the quarter, it continues to maintain an active pipeline across all of its major CEF offerings, in particular the diversification CEF strategies. The active pipeline is in excess of US$350 million.
Operations
The Group's income accrues at a weighted average rate of approximately 84 basis points, net of commissions and custody charges. "Fixed" costs are c£1.0 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.5 million per month based upon current FuM and a US$/£ exchange rate of US$1.25 to £1.
Dividends
The interim dividend of 8 pence per share was paid on 17 March 2017. The Board will announce the final dividend on Monday 17 July 2017 in its pre-close trading update.
-ends-
INTERIM MANAGEMENT STATEMENT
QUARTERLY FUNDS UNDER MANAGEMENT ("FUM") UPDATE
City of London (LSE: CLIG), a leading emerging markets asset management group, provides a third quarter trading update for the period 1 January 2017 to 31 March 2017.
Funds under Management
As at 31 March 2017 FuM were US$4.4 billion (£3.5 billion), up approximately 8% from US$4.1 billion (£3.3 billion) at 31 December 2016. The MSCI Emerging Markets TR Index (NDUEEGF) in USD terms rose c11% over the same period.
Investment Performance
Investment Performance improved significantly during the quarter with over 90% of CLIM exposure outperforming relevant benchmarks YTD. The recent narrowing of our Size Weighted Average Discount has aided recent performance.
Business Development
With regards to business development, although the Group has seen net redemptions of cUS$140 million during the quarter, it continues to maintain an active pipeline across all of its major CEF offerings, in particular the diversification CEF strategies. The active pipeline is in excess of US$350 million.
Operations
The Group's income accrues at a weighted average rate of approximately 84 basis points, net of commissions and custody charges. "Fixed" costs are c£1.0 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.5 million per month based upon current FuM and a US$/£ exchange rate of US$1.25 to £1.
Dividends
The interim dividend of 8 pence per share was paid on 17 March 2017. The Board will announce the final dividend on Monday 17 July 2017 in its pre-close trading update.
-ends-
Stan
- 22 May 2017 15:44
- 250 of 300
Slater go below 3% http://www.moneyam.com/action/news/showArticle?id=5553237http://www.moneyam.com/action/news/showArticle?id=5553237
Stan
- 25 May 2017 14:37
- 251 of 300
Stan
- 13 Jul 2017 07:21
- 252 of 300
Trading update switched to next Wednesday.
skinny
- 19 Jul 2017 12:49
- 253 of 300
Trading Update
TRADING UPDATE
for the year to 30 June 2017
City of London (LSE: CLIG), a leading emerging markets asset management group, provides a trading update for it's financial year ended 30 June 2017. The numbers that follow are all unaudited.
Funds under management were US$4.7 billion (£3.6 billion) at 30 June 2017 (2016: US$4.0 billion or £3.0 billion), representing a 17% increase in US$ terms for the year. Over the same period, the MSCI Emerging Markets TR Net Index rose by 24% in US$ terms. Net asset flows for the year in Emerging Markets were negative c US$306 million (as clients rebalanced into the significant EM equity gains) while they were positive (c US$26 million) in the Diversification strategies. Net mandate wins of c US$125 million are confirmed for early in the new financial year.
Investment performance vs benchmarks for all asset classes was positive with the exception of Frontier which was marginally negative.
The Group's overhead for the year to 30 June 2017 is expected to be £11.9 million (2016: £10.7 million) and the current monthly run-rate is c £1.0m. A significant part of this increase is as a result of the fall in GBP vs US$.
For the year to 30 June 2017, the Group expects that pre-tax profits will be approximately £11.6 million (2016: £8.0 million), and that profits after an anticipated tax charge of £2.5 million (22% of pre-tax profits) will be approximately £9.1 million (2016: profits of £5.9 million after a tax charge of £2.1 million, representing 27% of pre-tax profit). The tax charge includes an estimated refund of £0.4 million relating to prior years' US state taxes, which if excluded would result in a Group tax rate of 25% of pre-tax profits. Basic and fully diluted earnings per share are expected to be 36.9p and 36.7p respectively (2016: 23.3p and 23.1p).
The Board is recommending an increased final dividend of 17p per share (2016: 16p). This would bring the total for the year to 25p (2016: 24p), for dividend cover of 1.46 times (2016: 0.96 times).
The Board confirms the final dividend timetable for the year to 30 June 2017:
· ex-dividend date: 12 October 2017
· dividend record date: 13 October 2017
· payable: 31 October 2017
City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2017 on 18 September 2017. The Group's Annual General Meeting will be held on 23 October 2017.
more....
TRADING UPDATE
for the year to 30 June 2017
City of London (LSE: CLIG), a leading emerging markets asset management group, provides a trading update for it's financial year ended 30 June 2017. The numbers that follow are all unaudited.
Funds under management were US$4.7 billion (£3.6 billion) at 30 June 2017 (2016: US$4.0 billion or £3.0 billion), representing a 17% increase in US$ terms for the year. Over the same period, the MSCI Emerging Markets TR Net Index rose by 24% in US$ terms. Net asset flows for the year in Emerging Markets were negative c US$306 million (as clients rebalanced into the significant EM equity gains) while they were positive (c US$26 million) in the Diversification strategies. Net mandate wins of c US$125 million are confirmed for early in the new financial year.
Investment performance vs benchmarks for all asset classes was positive with the exception of Frontier which was marginally negative.
The Group's overhead for the year to 30 June 2017 is expected to be £11.9 million (2016: £10.7 million) and the current monthly run-rate is c £1.0m. A significant part of this increase is as a result of the fall in GBP vs US$.
For the year to 30 June 2017, the Group expects that pre-tax profits will be approximately £11.6 million (2016: £8.0 million), and that profits after an anticipated tax charge of £2.5 million (22% of pre-tax profits) will be approximately £9.1 million (2016: profits of £5.9 million after a tax charge of £2.1 million, representing 27% of pre-tax profit). The tax charge includes an estimated refund of £0.4 million relating to prior years' US state taxes, which if excluded would result in a Group tax rate of 25% of pre-tax profits. Basic and fully diluted earnings per share are expected to be 36.9p and 36.7p respectively (2016: 23.3p and 23.1p).
The Board is recommending an increased final dividend of 17p per share (2016: 16p). This would bring the total for the year to 25p (2016: 24p), for dividend cover of 1.46 times (2016: 0.96 times).
The Board confirms the final dividend timetable for the year to 30 June 2017:
· ex-dividend date: 12 October 2017
· dividend record date: 13 October 2017
· payable: 31 October 2017
City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2017 on 18 September 2017. The Group's Annual General Meeting will be held on 23 October 2017.
more....
skinny
- 19 Jul 2017 12:50
- 254 of 300
A new 6 year high @415p.
Fred1new
- 19 Jul 2017 13:09
- 255 of 300
A share I bought at near its height Dec 2010l
The surprise is that dividends end me up in profit.
I hope it does as it promises.
But what possessed me to buy this share?
The surprise is that dividends end me up in profit.
I hope it does as it promises.
But what possessed me to buy this share?
skinny
- 19 Jul 2017 13:12
- 256 of 300
I've just checked - I bought @235.40 in 2013 - so I'm looking at a 75% gain +@40% in dividends - so I'm quite happy!
Stan
- 19 Jul 2017 13:49
- 257 of 300
Fred you pointed this one out to me years a go and I am mighty grateful to you for doing so as it's proved quite a money spinner over the years as has Chesnara.
Fred1new
- 19 Jul 2017 15:01
- 258 of 300
Skinny,
Are you rubbing salt into old wounds?
C'est la vie!
Are you rubbing salt into old wounds?
C'est la vie!
skinny
- 19 Jul 2017 15:57
- 259 of 300
Fred - not at all - I think most on here have shares where the buying was 'mistimed'.
BTW, Did I mention that I hate FEVR :-)
BTW, Did I mention that I hate FEVR :-)
Fred1new
- 19 Jul 2017 18:56
- 260 of 300
I will sell you an antique chest of draws with a large bottom drawer.
I knew I shouldn't have bought it.
I knew I shouldn't have bought it.
Stan
- 20 Jul 2017 19:41
- 261 of 300
BLack Rock go above 10% http://www.moneyam.com/action/news/showArticle?id=5595535
Reported late at 6.22pm for some reason.
Reported late at 6.22pm for some reason.
skinny
- 21 Jul 2017 09:04
- 262 of 300
I wonder if they are taking them off of Barry.
skinny
- 26 Jul 2017 16:07
- 263 of 300
Just seen this over the road :- Trust activist takes aim at Aberdeen’s US closed-end funds
Stan
- 27 Jul 2017 07:12
- 264 of 300
Interesting Skinny..very interesting.
skinny
- 18 Sep 2017 07:11
- 265 of 300
Final Results
SUMMARY
· Funds under management (FuM) at 30th June 2017 were US$4.7 billion (2016: US$4.0 billion), an increase of 17%. In sterling terms, FuM increased by 20% to £3.6 billion (2016: £3.0 billion). The MSCI Emerging Markets TR Net Index rose 24% in US$ terms over the same period.
· Revenues, representing the Group's management charges on FuM, were £31.3 million (2016: £24.4 million). Profit before tax was £11.6 million (2016: £8.0 million).
· Basic earnings per share were 36.9p (2016: 23.3p) after a tax charge of 21% (2016: 27%) of pre-tax profits.
· An increased final dividend of 17p per share is recommended, payable on 31st October 2017 to shareholders on the register on 13th October 2017, making a total for the year of 25p (2016: 24p)
SUMMARY
· Funds under management (FuM) at 30th June 2017 were US$4.7 billion (2016: US$4.0 billion), an increase of 17%. In sterling terms, FuM increased by 20% to £3.6 billion (2016: £3.0 billion). The MSCI Emerging Markets TR Net Index rose 24% in US$ terms over the same period.
· Revenues, representing the Group's management charges on FuM, were £31.3 million (2016: £24.4 million). Profit before tax was £11.6 million (2016: £8.0 million).
· Basic earnings per share were 36.9p (2016: 23.3p) after a tax charge of 21% (2016: 27%) of pre-tax profits.
· An increased final dividend of 17p per share is recommended, payable on 31st October 2017 to shareholders on the register on 13th October 2017, making a total for the year of 25p (2016: 24p)
Stan
- 18 Sep 2017 07:24
- 266 of 300
Very creditable.
Stan
- 03 Oct 2017 17:22
- 267 of 300
Black Rock adding http://www.moneyam.com/action/news/showArticle?id=5690091
skinny
- 09 Oct 2017 07:15
- 268 of 300
AGM Trading Update
AGM Trading Update - 1st Quarter Funds under Management (FuM)
City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, announces that as at 30th September 2017, FuM were US$5.0 billion (£3.7 billion). This compares with US$4.7 billion (£3.6 billion) at the Company's year-end on 30th June 2017. In US dollar terms, this represents an increase over the 3 month period of 6% as compared with the MSCI EM T/R Index which rose by 8% and the MSCI World T/R index which rose 5% over the same period.
As a result of rebalancing, the Group continues to see some redemption requests but, by way of offset, it has a robust pipeline of potential business.
Operations
The Group's income currently accrues at a weighted average rate of approximately 84 basis points of FuM, net of third party commissions. "Fixed" costs are c. £1.0 million per month, and accordingly the current run-rate for operating profit, before profit-share of 30% and an estimated EIP charge of 2%, is approximately £1.6 million per month based upon current FuM and a US$/£ exchange rate of US$1.34 to £1 as at 30th September 2017.
The Group estimates that the post-tax profit for the first three months of the year will be approximately £2.5 million (2016: £2.3 million, after an unrealised profit on seed investments of £0.2 million).
Dividends
The final dividend of 17 pence per share, subject to approval at the AGM on 23rd October 2017, will be paid on 31st October 2017, bringing the total dividend for the financial year 2016-17 to 25 pence (2015-16: 24 pence).
Investor Afternoon
The Group will be hosting an investor afternoon at the London Stock Exchange on 23rd October 2017 from 2pm for investors, analysts and any other interested parties. For further details and to register, please email: investorrelations@citlon.co.uk
AGM Trading Update - 1st Quarter Funds under Management (FuM)
City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, announces that as at 30th September 2017, FuM were US$5.0 billion (£3.7 billion). This compares with US$4.7 billion (£3.6 billion) at the Company's year-end on 30th June 2017. In US dollar terms, this represents an increase over the 3 month period of 6% as compared with the MSCI EM T/R Index which rose by 8% and the MSCI World T/R index which rose 5% over the same period.
As a result of rebalancing, the Group continues to see some redemption requests but, by way of offset, it has a robust pipeline of potential business.
Operations
The Group's income currently accrues at a weighted average rate of approximately 84 basis points of FuM, net of third party commissions. "Fixed" costs are c. £1.0 million per month, and accordingly the current run-rate for operating profit, before profit-share of 30% and an estimated EIP charge of 2%, is approximately £1.6 million per month based upon current FuM and a US$/£ exchange rate of US$1.34 to £1 as at 30th September 2017.
The Group estimates that the post-tax profit for the first three months of the year will be approximately £2.5 million (2016: £2.3 million, after an unrealised profit on seed investments of £0.2 million).
Dividends
The final dividend of 17 pence per share, subject to approval at the AGM on 23rd October 2017, will be paid on 31st October 2017, bringing the total dividend for the financial year 2016-17 to 25 pence (2015-16: 24 pence).
Investor Afternoon
The Group will be hosting an investor afternoon at the London Stock Exchange on 23rd October 2017 from 2pm for investors, analysts and any other interested parties. For further details and to register, please email: investorrelations@citlon.co.uk
Stan
- 11 Oct 2017 15:23
- 269 of 300
Bazzer sells his already disclosed amount http://www.moneyam.com/action/news/showArticle?id=5700406moneyam.com/action/news/showArticle?id=5700406
skinny
- 11 Oct 2017 15:32
- 270 of 300
City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, has been notified that Barry Olliff, the Chief Executive Officer, a person discharging managerial responsibilities ("PDMR"), has sold 75,000 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of GBP4.25 per share.
This is in line with Barry Olliff's statement of intention to sell 250,000 Ordinary Shares at GBP4.25 (175,000 remaining) as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017.
This is in line with Barry Olliff's statement of intention to sell 250,000 Ordinary Shares at GBP4.25 (175,000 remaining) as reported in the CLIG 2017 Report and Accounts and announced on 18 September 2017.
Stan
- 12 Oct 2017 11:22
- 271 of 300
Another 50,000 gone today.
Stan
- 08 Nov 2017 14:50
- 272 of 300
Share awards http://www.moneyam.com/action/news/showArticle?id=5735911
Three bought some as well which must be good sign.
Three bought some as well which must be good sign.
skinny
- 17 Jan 2018 08:22
- 273 of 300
skinny
- 23 Mar 2018 13:54
- 274 of 300
BAYLIS
- 27 Mar 2018 16:41
- 275 of 300
that's £337.500 not bad, still has 2,025,186
skinny
- 17 Jul 2018 11:15
- 276 of 300
Trading Update
PRE-CLOSE TRADING UPDATE for the year to 30 June 2018
City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, provides a pre-close trading update for its financial year ended 30 June 2018. The numbers that follow are all unaudited.
Funds under management were US$5.1 billion (£3.9 billion) at 30 June 2018 (2017: US$4.7 billion or £3.6 billion), representing a 10% increase in US$ terms for the year.
The core EM strategy underperformed (by approximately 330bps, net of fees) for the full year as discounts widened (cost approximately 200bps) and an underweight to China, specifically the IT sector detracted from performance. The Developed, Opportunistic Value (formerly GTAA) and Frontier strategies all recorded positive relative performance due to a combination of positive discount and allocation effects.
The Group's overhead for the year to 30 June 2018 is expected to be £12.5 million (2017: £11.9 million) and the current monthly run-rate is c £1.1m.
For the year to 30 June 2018, the Group expects that pre-tax profits will be approximately £12.8 million (2017: £11.6 million), and that profits after an anticipated tax charge of £2.7 million (21% of pre-tax profits) will be approximately £10.1 million (2017: profits of £9.1 million after a tax charge of £2.5 million, representing 22% of pre-tax profit). Basic and fully diluted earnings per share are expected to be 39.5p and 39.3p respectively (2017: 36.9p and 36.7p).
The Board is recommending an increased final dividend of 18p per share (2017: 17p). This would bring the total for the year to 27p (2017: 25p), for dividend cover of 1.47 times (2017: 1.46 times).
The Board confirms the final dividend timetable for the year to 30 June 2018:
· ex-dividend date: 11 October 2018
· dividend record date: 12 October 2018
· payable: 30 October 2018
City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2018 on 17 September 2018. The Group's Annual General Meeting will be held on 22 October 2018.
Template
Please see the attached graph which is based on the following assumptions and includes the estimated cost of a maintained dividend:
http://www.rns-pdf.londonstockexchange.com/rns/8098U_1-2018-7-16.pdf
more.....
PRE-CLOSE TRADING UPDATE for the year to 30 June 2018
City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, provides a pre-close trading update for its financial year ended 30 June 2018. The numbers that follow are all unaudited.
Funds under management were US$5.1 billion (£3.9 billion) at 30 June 2018 (2017: US$4.7 billion or £3.6 billion), representing a 10% increase in US$ terms for the year.
The core EM strategy underperformed (by approximately 330bps, net of fees) for the full year as discounts widened (cost approximately 200bps) and an underweight to China, specifically the IT sector detracted from performance. The Developed, Opportunistic Value (formerly GTAA) and Frontier strategies all recorded positive relative performance due to a combination of positive discount and allocation effects.
The Group's overhead for the year to 30 June 2018 is expected to be £12.5 million (2017: £11.9 million) and the current monthly run-rate is c £1.1m.
For the year to 30 June 2018, the Group expects that pre-tax profits will be approximately £12.8 million (2017: £11.6 million), and that profits after an anticipated tax charge of £2.7 million (21% of pre-tax profits) will be approximately £10.1 million (2017: profits of £9.1 million after a tax charge of £2.5 million, representing 22% of pre-tax profit). Basic and fully diluted earnings per share are expected to be 39.5p and 39.3p respectively (2017: 36.9p and 36.7p).
The Board is recommending an increased final dividend of 18p per share (2017: 17p). This would bring the total for the year to 27p (2017: 25p), for dividend cover of 1.47 times (2017: 1.46 times).
The Board confirms the final dividend timetable for the year to 30 June 2018:
· ex-dividend date: 11 October 2018
· dividend record date: 12 October 2018
· payable: 30 October 2018
City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2018 on 17 September 2018. The Group's Annual General Meeting will be held on 22 October 2018.
Template
Please see the attached graph which is based on the following assumptions and includes the estimated cost of a maintained dividend:
http://www.rns-pdf.londonstockexchange.com/rns/8098U_1-2018-7-16.pdf
more.....
sutherlh1 - 31 Jul 2018 15:39 - 277 of 300
Not sure what’s happening here, profits up, assets managed up, Divi up. Could see this in the 300 to 320 range looking at the chart. Will buy more if it gets there. H
Stan
- 31 Jul 2018 21:08
- 278 of 300
Or in the 400 to 420 range -):
sutherlh1 - 01 Aug 2018 08:52 - 279 of 300
Could be Stan, but chart pointing sharply downward, optimistic to see it stopping here. Overall the ‘collapsing trellis’ pattern is often a bullish sign, so once it turns there could be a big bounce upwards. Clig is a well run IT which has served me well over the years, so waiting on signs of the down trend flattening to pick up some more. H
Fred1new
- 01 Aug 2018 10:28
- 280 of 300
One of the problems with this share is the small daily trading volume.
It does seem underpriced and the overall return for me has been good.
It does seem underpriced and the overall return for me has been good.
skinny
- 17 Sep 2018 07:17
- 281 of 300
Interim Results
FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2018
SUMMARY
• Funds under management (FuM) at 30th June 2018 were US$5.1 billion (2017: US$4.7 billion), an increase of 10%. In sterling terms, FuM increased by 8% to £3.9 billion (2017: £3.6 billion).
• Revenues, representing the Group's management charges on FuM, were £33.9 million (2017: £31.3 million). Profit before tax was £12.8 million (2017: £11.6 million).
• Basic earnings per share were 39.5p (2017: 36.9p) after a tax charge of 21% (2017: 21%) of pre-tax profits.
• An increased final dividend of 18p per share is recommended, payable on 30th October 2018 to shareholders on the register on 12th October 2018, making a total for the year of 27p (2017: 25p).
For a copy of the full report or further information, please visit the shareholders page of our website http://www.citlon.co.uk or contact:
FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2018
SUMMARY
• Funds under management (FuM) at 30th June 2018 were US$5.1 billion (2017: US$4.7 billion), an increase of 10%. In sterling terms, FuM increased by 8% to £3.9 billion (2017: £3.6 billion).
• Revenues, representing the Group's management charges on FuM, were £33.9 million (2017: £31.3 million). Profit before tax was £12.8 million (2017: £11.6 million).
• Basic earnings per share were 39.5p (2017: 36.9p) after a tax charge of 21% (2017: 21%) of pre-tax profits.
• An increased final dividend of 18p per share is recommended, payable on 30th October 2018 to shareholders on the register on 12th October 2018, making a total for the year of 27p (2017: 25p).
For a copy of the full report or further information, please visit the shareholders page of our website http://www.citlon.co.uk or contact:
Fred1new
- 17 Sep 2018 13:00
- 282 of 300
Another decent yield.
I have held this for too long and although in profit have not enjoyed it swings.
Would hope for 460 over next 6/12.
I have held this for too long and although in profit have not enjoyed it swings.
Would hope for 460 over next 6/12.
HARRYCAT
- 17 Sep 2018 14:10
- 283 of 300
6/12......? Days, weeks, decades......?
Fred1new
- 17 Sep 2018 14:25
- 284 of 300
Take your pick.
But I thought months!
I have felt lucky to-day.
But I thought months!
I have felt lucky to-day.
sutherlh1 - 17 Sep 2018 15:20 - 285 of 300
Why such a big price spread? was hoping to get in again at 350. Seems to be finding support around 400. On my watch list, let’s see what September brings H
Stan
- 17 Sep 2018 16:23
- 286 of 300
Yes it usually is so you have to pick your actions accordingly, 3.357% at the moment but you can watch it over the day or and set a limit sutherlh1 which I do.
sutherlh1 - 17 Sep 2018 16:43 - 287 of 300
Thanks Stan, will set a price alert as well, H
Fred1new
- 17 Sep 2018 16:47
- 288 of 300
Interesting comments in the RNS
David Cardale
Chairman
13th September 2018
As in previous years I would like to advise shareholders of my current intentions regarding share sales.
As I approach retirement on 31st December 2019, my intention is to sell 500,000 shares at each of 450p, 475p, and 500p subject to close periods etc.
In my opinion this is an accountable way to proceed and is in keeping with the way that I have attempted to run the firm since its inception.
-=-=-=-=-==-=-==
May suggest his expectations or him pushing up the prices for his sale.
David Cardale
Chairman
13th September 2018
As in previous years I would like to advise shareholders of my current intentions regarding share sales.
As I approach retirement on 31st December 2019, my intention is to sell 500,000 shares at each of 450p, 475p, and 500p subject to close periods etc.
In my opinion this is an accountable way to proceed and is in keeping with the way that I have attempted to run the firm since its inception.
-=-=-=-=-==-=-==
May suggest his expectations or him pushing up the prices for his sale.
Fred1new
- 17 Sep 2018 16:55
- 289 of 300
Sut,
It has always had a widespread, but the deals are usually within the range.
Put your own buy or sell price and wait to have it filled.
It has always had a widespread, but the deals are usually within the range.
Put your own buy or sell price and wait to have it filled.
Stan
- 17 Sep 2018 21:12
- 290 of 300
Final results statement http://www.moneyam.com/action/news/showArticle?id=6130808
Stan
- 20 Sep 2018 15:41
- 291 of 300
Hardman & Co Research: City of London Investment Group (CLIG): Strengthening cash position to boost returns.
Stan
- 08 Oct 2018 09:07
- 292 of 300
Trading statement https://www.moneyam.com/action/news/showArticle?id=6157437
Fred1new
- 08 Oct 2018 15:14
- 293 of 300
Dividends
The final dividend of 18 pence per share, subject to approval at the AGM on 22nd October 2018, will be paid on 30th October 2018, bringing the total dividend for the financial year 2017-18 to 27 pence (2016-17: 25 pence).
Stan
- 16 Jan 2019 09:28
- 294 of 300
Trading statement https://www.moneyam.com/action/news/showArticle?id=6278385
Stan
- 21 Jan 2019 17:30
- 295 of 300
Fred1new
- 21 Jan 2019 17:46
- 296 of 300
Interesting holding.
Because of its yield, I have a return on this share of over 25% although share price is down.
The only snag with it is that the spread varies day to day is often wide.
But suppose you can specify deal prices.
Because of its yield, I have a return on this share of over 25% although share price is down.
The only snag with it is that the spread varies day to day is often wide.
But suppose you can specify deal prices.
Stan
- 21 Jan 2019 21:36
- 297 of 300
Thats true Fred I've also made some money over the years thanks to your original tip.
I tend to go in and out and yes the spread can put some off.
I tend to go in and out and yes the spread can put some off.
Stan
- 18 Feb 2019 08:54
- 298 of 300
Half Year results and Special dividend announcement https://www.moneyam.com/action/news/showArticle?id=6315880
Fred1new
- 19 Feb 2019 15:06
- 299 of 300
Notice special div.
skinny
- 19 Feb 2019 15:10
- 300 of 300
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