Conduity Capital Share Discussion Threads

[cerrito] 06/10/2010 21:25

Very good AUM figures...too bad I sold out a fortnight ago and di not buy in first thing this am

[nellie1973] 08/9/2010 19:51

Broker upgrade

[cerrito] 07/9/2010 15:46

agree empirestate good to hear of progress since mid year.
My big question is why did operating profit fall from US$4.4m in the second semester of last year to US$1.1m in the first semester of this year; the reason appears to be a fall of net performance fees from US$3.8m to US$0.1m but not clear to me from reading the interims what triggered that fall. Net management fees went up from $10.2m to $10.4m between the two halves.
Take some tepid comfort from the increase of non crystallized accruing performance fees from a year ago.
Do not currently plan to add or subtract to my holding.

[empirestate] 07/9/2010 07:21

nice turnaround in the last two months here, decent improvement on the bottom line

[cerrito] 05/9/2010 16:33

So next Tuesday we will know abit more with the interims

[standtall] 02/9/2010 09:01

DJ Charlemagne Capital Charlemagne Capital awarded SAS 70 certification

TIDMCCAP

RNS Number : 0320S

Charlemagne Capital Limited

02 September 2010

?

2 September 2010

Charlemagne Capital Limited is awarded SAS 70 certification

On 31 August, 2010, Charlemagne Capital Limited ("CCL") achieved a SAS 70 Type I certification. This certification confirms that the key control mechanisms established by management have been independently assessed as being in place at the report date.

Enquiries

+-----------------------------------+------------------+
| Charlemagne Capital | 020 7518 2100 |
+-----------------------------------+------------------+
| Jane Bates, Company Secretary | |
+-----------------------------------+------------------+
| Vicky Kydoniefs, Head of | |
| Institutional Business | |
+-----------------------------------+------------------+

+-----------------------------------+-----------------+
| Smithfield Consultants | 020 7360 4900 |
+-----------------------------------+-----------------+
| John Kiely | |
+-----------------------------------+-----------------+
| Gemma Froggatt | |
+-----------------------------------+-----------------+
| | |
+-----------------------------------+-----------------+

This information is provided by RNS

The company news service from the London Stock Exchange

MSCKMGGLNZDGGZG

(END) Dow Jones Newswires

02-09-10 0800GMT

[nick rubens] 29/7/2010 14:12

Bought a few today. Looks good value to me with a good income yield forecast too.

September Interims should include a special dividend on top of the interim one.

[rogerbridge] 23/3/2010 19:34

Looking forward to the int & special dividend.

[davebowler] 04/3/2010 10:01

Compare them to CLIG, then.

[cerrito] 22/1/2010 13:36

I bought in on Jan 12 after the results; I had not had any since October 2007 when I sold at 74.5
The main reason I bought in was I needed more emerging markets exposure in my portfolio.
I also figured big picture that if the price was 70p+ when they had just over $5b+ AUM , 17p odd was a fair price when the AUM were just over $3b.
I was also impressed by the fact that even last year they could crystallize performance fees at $4.1m up from 2008's $3.7m
Furthermore if you exclude the bonus element of their compensation package, their fixed costs are not too high.(ie the contributions for 2008 to the Employee Benefit Trust fell from $10.3m to a recommended $1.1m.)
All that having been said, I have always been concerned that the managers got a disproportionate amount of the profits compared to the shareholders.
Also and this was a concern when I held them in 2006/2007 on conventional valuation grounds, even at these prices ,they seem stretched ie current marcap at just under £55m compares to 31 12 09 cash of £11.3m and net assets of £16m; I guestimate that eps will be 0.1p for 2009 which would mean a generous historic pe of 18.5x
I also find them quite difficult to understand-especially the bonus structure and to me at least it does require quite an investment of time in understanding it.

I guess what i am saying is that I am not sure how long I will be in for the ride.

[rogerbridge] 22/1/2010 07:49

That is interesting wallywoo.

[wallywoo] 22/1/2010 07:44

SP looking good for a break out. I think Charlemagne could be a large beneficiary of this US Banking reform, ie, one of the things they want to bring in is that banks cannot have their own hedge funds.

[rogerbridge] 12/1/2010 07:56

Good progress here. AUM increasing, well financed and there should be increasing dividends going forward. Emerging markets are the place to be in the future, though there may be one or two bumps along the way.Looking good for the long term.

[wallywoo] 12/1/2010 07:41

Trading update looks great to me with an ordinary and special dividend to be declared, this share is good value.

It should turn into one of those most unusual shares IMHO that pays a great dividend (5-10%) and should give great capital growth too with such a low share price and with funds slowly returning back to hedge funds..

[rogerbridge] 29/12/2009 14:22

More shares purchased by the company. I like thiis as a play on emerging markets and it will provide increasing dividends for my SIPP.

[rogerbridge] 24/12/2009 09:00

Nice to see the company purchasing it's shares, even if it is on quite a smal scale.Good prospects here moving forward.

[rogerbridge] 04/12/2009 20:29

Assets under management up again to $3.03 Billion. Resulting in an Increase in maanagement and performance fees. More profit and prospects for even higher dividends!

[rogerbridge] 02/12/2009 20:24

Nice new informative web site. Should have the AUM for November later this week. Still tucking them away for teh long term and dividends.

[utsushi] 01/12/2009 14:26

Looks like a drift on low volume, followed by another leg up, fundamentals improving, AUM increasing, emerging markets are the only party at the moment-except in Dubai, Greece, Lativa, Turkey, etc..

[rogerbridge] 05/11/2009 22:14

AUM increases again

[rogerbridge] 02/11/2009 20:31

Black Rock now hold over 4% a good reccomendation.

[utsushi] 15/10/2009 15:45

Seems cheap on a Market Cap/FuM basis, comparables Ashmore, but expensive on pros PE basis, hold..lack of momentum.

[utsushi] 14/10/2009 10:38

Drifting in thin trade, patience needed.

[rogerbridge] 06/10/2009 07:57

Was hoping to add here at 14p ish,but AUM up to 2.8 Billion and rising. May have to purchase at a higher price level.