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.

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

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

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.

Canaccord Genuity Buy 335.00 369.00 400.00 Retains

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.

AGM Trading Update

An after hours announcement today.

http://www.moneyam.com/action/news/showArticle?id=5137135