City Of London Investment Share Discussion Threads

[littleweed] 16/9/2008 12:57

marksp

Noticed you posted some time ago about Class Laws involvment in trying to recover losses following the collapse of Independent Insurance. Did anything become of this?. Did they want money up front?. (Unable to read the premium thread).

[washbrook] 11/9/2008 21:43

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[washbrook] 10/9/2008 09:32

UPDATE
JUNE30.2009
------------------
The UK equity market fell by 3.2% in June as
measured by the FTSE All-Share Index. The large
number and monetary amount of equity raisings
from companies adversely affected the market.
Overall, economic and corporate data continued
to indicate that the worst of the decline was
likely behind us, although confidence still remains
fragile.
The rights issue of $15bn from miner Rio Tinto
was the largest amount of new equity ever issued
on the London Stock Exchange. We sold some of
our Rio holding ahead of the rights entitlement,
given the company's strong performance since
the start of the year and its decision to omit its
interim dividend and reduce other dividends
going forward. City of London is significantly
underexposed to the volatile mining sector
compared with the market average; we are
sceptical that the rally in commodity prices can
continue given the overall weakness in global
demand. In addition, most of these mining
companies do not currently pay dividends
--------------------
TOP 10=45.8%
British American Tobacco=6.2%
BP=6.0%
Royal Dutch Shell=5.2%
GlaxoSmithKline=5.1%
Vodafone =4.9%
Diageo=4.9%
HSBC =4.4%
Scottish & Southern Energy =3.2%
Tesco = 3.2%
National Grid =2.9%






JULY 31.7.09 UPDATE
BP=6.5%
British American Tobacco=6.5%
Royal Dutch Shel=5.9%
GlaxoSmithKline= 5.1%
HSBC=5.0%

Diageo=4.9%
Vodafone =4.9%
Scottish & Southern Energy =3.3%
Tesco=2.9%
National Grid =2.8%

TOP TEN= 47.8% of the Portfolio
------------------------
Fund Manager's Commentary
--------------
Equities experienced an excellent July, with the
market producing a total return of 8.5% as
measured by the FTSE All Share index. Survey
evidence and other economic reports encouraged
hopes for recovery. In addition, the corporate
results season started well with most companies
at least meeting expectations and showing the
benefi ts of cost cutting.
In the oil sector, we added to large positions in
BP and Royal Dutch Shell as they offered better
relative value than Statoil, which we sold, and
ENI, which we reduced. In utilities, we added
to Scottish & Southern Energy, partly fi nanced
by a reduction in exposure to the water sector
after the disappointing regulatory review. Other
activity included adding to AstraZeneca, in the
pharmaceuticals sector, and selling Investec after
a sharp rise in its share price.

[washbrook] 10/9/2008 08:18

Experiment.From 4pm last night
10000 of cty at £25135 (costs)
Sell FTSE sept future at 5405 @£5 point.
----------------------------------------
@8.14am 5375 cty 245p bid £24489 (£646 loss)-FTSE100Set future position(£150profit)
------------------------------------------------------

[washbrook] 09/9/2008 16:56

Bought the stock today a good hedge to protect yourself is The covered put warrant : epic code(SA67)
FTSE PUT WARRANT strike 5600 20th March 2009
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[Abuse team] 11/4/2006 21:19

Post removed by ADVFN

[martest] 10/3/2006 16:41

possibly someone keeping an eye on themand buying on drop in share price ready to buy assets maybe on the cheap.

[marksp] 21/1/2005 15:37

can anyone help with this?

Cty appears to have some unusual buying going on
So afr this year thaere has been a steady imbalance with purcahses>sales and a creeping price rise often against the market

There are also strange tradews for wierd amounts on a number of days - eg 10001 buys
is this a bot building up a stake?

As this is an IT, any idea why someone would be doing this?

ideas would be good as this is one of my core portfolio holdings and i have
rather a lot of them (in small ferrari territory)

Thanks

Mark