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.

12 month high @276.50p

Canaccord Genuity Buy 269.13 273.50 333.00 333.00 Retains

That will be £3.

Ye ha!.. keep going you fool.

Stan,

Nice dividend on this one!

Worth holding and I might get my initial outlay back plus yield!

Hope leads me!

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!

That would be quite acceptable!

PS.

There is one problem with this share and that is spread.

What I have done is used limit B.and S.

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).

Ages since my buy on this one but agree, the spread needs watching.

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.,.

skinny [View skinny's profile] - 20 Jun 2014 09:48 - 122 of 130
That will be £3.


soon good.

Trading Update

Canaccord Genuity Buy 289.63 298.50 333.00 369.00 Retains

Still on the up - 7.63% yield.

Indeed Skinny.. This one moves in mysterious ways.

Caught me out, didn't think it would break through the £3 barrier so soon.

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:

N+1 Singer Buy 323.88 320.25 317.00 317.00 Reiterates

Link copied - Cannacord note