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.

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

Barry Olliff sells 50,000@£4.50

that's £337.500 not bad, still has 2,025,186

Trading Update

PRE-CLOSE TRADING UPDATE for the year to 30 June 2018

City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, provides a pre-close trading update for its financial year ended 30 June 2018. The numbers that follow are all unaudited.

Funds under management were US$5.1 billion (£3.9 billion) at 30 June 2018 (2017: US$4.7 billion or £3.6 billion), representing a 10% increase in US$ terms for the year.

The core EM strategy underperformed (by approximately 330bps, net of fees) for the full year as discounts widened (cost approximately 200bps) and an underweight to China, specifically the IT sector detracted from performance. The Developed, Opportunistic Value (formerly GTAA) and Frontier strategies all recorded positive relative performance due to a combination of positive discount and allocation effects.

The Group's overhead for the year to 30 June 2018 is expected to be £12.5 million (2017: £11.9 million) and the current monthly run-rate is c £1.1m.

For the year to 30 June 2018, the Group expects that pre-tax profits will be approximately £12.8 million (2017: £11.6 million), and that profits after an anticipated tax charge of £2.7 million (21% of pre-tax profits) will be approximately £10.1 million (2017: profits of £9.1 million after a tax charge of £2.5 million, representing 22% of pre-tax profit). Basic and fully diluted earnings per share are expected to be 39.5p and 39.3p respectively (2017: 36.9p and 36.7p).

The Board is recommending an increased final dividend of 18p per share (2017: 17p). This would bring the total for the year to 27p (2017: 25p), for dividend cover of 1.47 times (2017: 1.46 times).

The Board confirms the final dividend timetable for the year to 30 June 2018:

· ex-dividend date: 11 October 2018

· dividend record date: 12 October 2018

· payable: 30 October 2018

City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2018 on 17 September 2018. The Group's Annual General Meeting will be held on 22 October 2018.

Template

Please see the attached graph which is based on the following assumptions and includes the estimated cost of a maintained dividend:

http://www.rns-pdf.londonstockexchange.com/rns/8098U_1-2018-7-16.pdf


more.....

Not sure what’s happening here, profits up, assets managed up, Divi up. Could see this in the 300 to 320 range looking at the chart. Will buy more if it gets there. H

Or in the 400 to 420 range -):

Could be Stan, but chart pointing sharply downward, optimistic to see it stopping here. Overall the ‘collapsing trellis’ pattern is often a bullish sign, so once it turns there could be a big bounce upwards. Clig is a well run IT which has served me well over the years, so waiting on signs of the down trend flattening to pick up some more. H

One of the problems with this share is the small daily trading volume.

It does seem underpriced and the overall return for me has been good.

Interim Results

FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2018

SUMMARY

• Funds under management (FuM) at 30th June 2018 were US$5.1 billion (2017: US$4.7 billion), an increase of 10%. In sterling terms, FuM increased by 8% to £3.9 billion (2017: £3.6 billion).

• Revenues, representing the Group's management charges on FuM, were £33.9 million (2017: £31.3 million). Profit before tax was £12.8 million (2017: £11.6 million).

• Basic earnings per share were 39.5p (2017: 36.9p) after a tax charge of 21% (2017: 21%) of pre-tax profits.

• An increased final dividend of 18p per share is recommended, payable on 30th October 2018 to shareholders on the register on 12th October 2018, making a total for the year of 27p (2017: 25p).

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:

Another decent yield.

I have held this for too long and although in profit have not enjoyed it swings.

Would hope for 460 over next 6/12.

6/12......? Days, weeks, decades......?

Take your pick.

But I thought months!

I have felt lucky to-day.

Why such a big price spread? was hoping to get in again at 350. Seems to be finding support around 400. On my watch list, let’s see what September brings H