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City of London Investment Trust Share Discussion Threads
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|Snapped up some here on the pull back last week. Let's see.|
|Bought these for the first time today, seems a good income and growth prospect.
|Good choices. If I had a child I would buy the same trusts as you!|
|I filled my youngest child's first year Junior ISA allowance with CTY. His second year saw me buy AAS, which has been poor timing. I suspect that the third purchase will be targeted towards USA - perhaps F&C US Smaller Companies.
Sorry, OT post!|
|Problem is the asset value grows so so slowly! Really this year it has been tedious. Also they keep issuing equity on which a dividend then has to be paid and on a quarterly basis this can be costly to the established shareholders in the near term but constantly!
I have held this Trust for ten years or so now. The dividend keeps going up although the actual increase in Dividend in recent years is seriously minuscule. Seems to me this Trust just keeps under performing the overall market and needs a bit of a shake up.|
Your children will benefit - eventually. Things of course go up and down, and CTY has had many bad periods, but the income has been paid throughout, and as your kids probably don't need the cash right now, one day their (increased) holding will reflect your intelligence in stock picking.
I guess you're 55 ish, though I'm often way off base when picking someone's age...
|It's great to see a new entry on this thread and I agree 100%. Perhaps a bit later than I had hoped I have started to put some funds in this IT for my retirement in a little over 10 Years. I have got my kids doing the same thing and they will have a 30 year head start on me. I went with my son to the recent AGM and I was impressed with Job Curtis and the board.|
|An unusually quiet thread for such a quality Investment Trust, indicative I suppose of many private investor's radar when it comes to longer term stuff. But I know some of us are still around.
In 1994 (stay with me here .......) a friend had £900 spare, and asked for advice in what to do with it. I suggested that City of London IT might be worth a punt (as an even longer term holder). Her £880 is today worth £4,750 or so. She has done nothing except leave it alone and reinvest dividends.
Funny old world, as many say. On her original investment, Dame Ruby receives a little short of 20% income. In current terms, she receives several per cent more than leaving any money in a bank.
I'm (almost) minded to start a new thread on CTY, as this one is so underused and definitely under read. We'll see. Jolly good luck to holders, old - younger and just sensible investors............
|It deserves to be on a slight premium given its 45 year consecutive dividend increase record...now that's some record!|
|A profound insight, arja.|
|why does this trust trdae at a slight premium to NAV - unusual ? Could mean a big dip in share price if markets tank .|
|Moningstar Tips City of London Investment Trust (CTY.L)
Investment Trust Picks for Income-Seekers
Morningstar's Szymon Idzikowski explains why income-seekers should consider investment trusts and highlights a few of his favourites
COOK: So for an investor who is looking to ramp up the income portion of their portfolio, are there any investment trusts that jump to mind that could be suitable for them?
IDZIKOWSKI: We actually even rated a couple of income funds. So, one of them is, for example, City of London Investment Trust (CTY). It has been rated Gold. There is a number of things we like about this fund. Its fund manager is Job Curtis, very experienced fund manager, over two decades of experience. He has been actually at the helm of this fund also for 20 years. That's a tenure that is rare to see actually, and what it means is that this tenure and the longevity of the tenure adds a lot of stability to the way he runs the funds.
So when you look on the process there have not been that many changes in the process. He was following the same consistent process over the time...and it paid back. I mean, the fund has generated progressive dividends for over 45 years.
COOK: That's some record.
IDZIKOWSKI: This is actually a record that has yet to be matched by any other funds.
COOK: So that's a great tip for investors.
Here is the link to the video and transcript:
Here's a couple of links about SCLP, one of the hottest stocks at the moment:
|Topvest. Have you plotted RPI or even CPI over the last five years and compared that with the so called increase in dividend on this one? Management needs to sharpen up.|
|And its recommended by Redmayne Bentley in today's Newsletter.|
|I am holding and buying more on weakness - why? because it's been going since 1891, and has a 45 year record of increasing it's dividend. It's a quality play for growth and income over the medium term. How many other companies do you have that much confidence in...not many!? Anyway not a get rich quick company, but certainly not a get poor quick company!!|
|I have held this stock in reasonable quantity since 2004 and must admit they are tedious and the growth in div is miserable. And that was why I bought it! Just hadn't realised how poor they are until recently.I suppose compared with various UK trackers they measure up but that is a lousy comparative. Why on earth am I holding this?|
|cash out for the summer doldrums|
|Well I've had 29% appreciation since buying (late 2008) and the dividend is a comforting 4.2%. It doesn't quite match up to Temple Bar and doesn't offer the possibilities of PIGITS Warrants (PLIS), but it seems a dependable old horse. Where would you re-invest?|
|weighing up lightening here|
|Quite a number of the UK Income ITs are currently having to use revenue reserves to make up the dividend payments, not just CTY but also the likes of TMPL, MRCH, CHY. Many of these trusts had large BP. holdings so the hole in their income stream is substantial and (partially) continuing. I note that CHY has just bitten the bullet and reduced the dividend.|
|I think they are committed to paying 13p this year - partially out of reserves as you said.|
|I notice that according to ADVFN, the earnings per share are lower now that the dividends per share, which presumably means that part at least of the dividend will be paid from reserves, or the dividend will be reduced.|
|bit too exciting
that gearing effect|
or holding steady
or dead in the water like the board??|
|The manager seems to be getting all of the attention
does the fund own any shares in the manager?|