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CITY OF LONDON INVESTMENT GROUP (CLIG)     

BAYLIS - 20 Apr 2008 19:54

Chart.aspx?Provider=EODIntra&Code=CLIG&S

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 - 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.

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.

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.

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-

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

Last of Bazzer's larger sell offs today.

http://www.moneyam.com/action/news/showArticle?id=5556061
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