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.

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.

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? -):

cheers

Bazzer sells 250,000 shares http://www.moneyam.com/action/news/showArticle?id=4979900

The Cad!

I didn't buy them!

Nor me, hope Skinny didn't -):

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."

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.

Over 100,000 in volume traded today so Bazzer dealing again I assume.

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-

very nice.,.

LUV IT

Stopped out for a satisfying profit...not forgetting some good divvies along the way.

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

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.

Stopped out with my remaining trance now, so good luck to all still in.

Don't understand why your out at this stage stan, if Barry is confident the sp will climb to 400 and 450p??

Only reason BB is that I need the cash for something else, otherwise I would probaly still be in.

;)

Trading Update