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.

Edit Wrong thread. Sorry if anyone started getting excited. News relates to LCG thread

There was a movement to-day.

8-)

up the bromine somebody.,.

City of London Investment Group
Buy 13-Feb-13 £73,750.00 Barry M Olliff 25,000 @ 295.00p

when is the next divi due?

Not declared.
There is supposed to be an Interim announcement 27/2/13

Forecast EPS rate of growth reasonable, if it lives up to them.

http://www.moneyam.com/action/news/showArticle?id=4574327

.. Oh dear!

why oh dear stan.,.

Finance Director goes with immediate effect, might be wrong but that doesn't sound encouraging to me, at least in the short term BB.

glad i sold 60% of my holdings in these last week.[ Though was total luck rather than judgement] Bought into Polymetal with proceeds which seemed a good idea at the time though still believe them to be a good proposition when the price of gold and silver sort themselves out.

GLA
Alex

I too sold half at 271p, am comfortable holding the rest as still in profit.,.

Trading Update http://www.moneyam.com/action/news/showArticle?id=4614829

Stan,

Thank you for reminding me of one of my better buys.

Is that a treble bottom with a time for a bounce.

The only good thing about the company has been its yield, so far.

Yes Fred, they seem firmly stuck in that 250's area don't they.

Excellent divi to compensate though as you say.

Final Results

SUMMARY

· Funds under management ("FuM") at 31st May 2013 were US$3.7 billion (2012: US$4.5 billion), a decline of 17%. In sterling terms, FuM fell by 16% to £2.4 billion (2012: £2.9 billion). The MSCI Emerging Markets Index ("MXEF") registered an 11% increase over the same period.

• We are now open to new investors, with a view to accepting up to US$500 million by 31st December 2014

· Revenues, representing the Group's management charges on FuM, were £29.4 million (2012: £34.1 million). Profit before tax was £8.9 million (2012: £11.5 million).

• Basic earnings per share were 24.9p (2012: 33.8p) after a tax charge of 29% (2012: 26%) of pre-tax profits.

• A maintained final dividend of 16p per share is recommended, payable on 25th October 2013 to shareholders on the register on 11th October 2013, making a total for the year of 24p (2012: 24p).

• Cash and cash equivalents at 31st May 2013 were £10.1 million (2012: £5.4 million).

Looks like Kabouter Management LLC have gone below 6% if I'm not mistaken http://www.moneyam.com/action/news/showArticle?id=4667220

You are not!

Danm it! I was hoping I was as a holder -);

div sounds good, glad i held on. Traded a few on the high and bought back in not long ago.

Kabouter Management LLC From > 5% to < 3%