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.

A new 6 year high @415p.

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?

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!

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.

Skinny,

Are you rubbing salt into old wounds?

C'est la vie!

Fred - not at all - I think most on here have shares where the buying was 'mistimed'.

BTW, Did I mention that I hate FEVR :-)

I will sell you an antique chest of draws with a large bottom drawer.

I knew I shouldn't have bought it.

BLack Rock go above 10% http://www.moneyam.com/action/news/showArticle?id=5595535

Reported late at 6.22pm for some reason.

I wonder if they are taking them off of Barry.

Just seen this over the road :- Trust activist takes aim at Aberdeen’s US closed-end funds

Interesting Skinny..very interesting.

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)

Very creditable.

Black Rock adding http://www.moneyam.com/action/news/showArticle?id=5690091

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

Bazzer sells his already disclosed amount http://www.moneyam.com/action/news/showArticle?id=5700406moneyam.com/action/news/showArticle?id=5700406

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.

Another 50,000 gone today.

Share awards http://www.moneyam.com/action/news/showArticle?id=5735911

Three bought some as well which must be good sign.

TRADING UPDATE