|City Of London Investment Group
||EPS - Basic
||Market Cap (m)
City Of London Investment Share Discussion Threads
Showing 1951 to 1975 of 1975 messages
|Haven't they loaned out the stock (162k) to take their share of the votes to below 10%?|
|Blackrock have added a further 167K shares to increase their holding to 10.2%. This now makes them the largest shareholder in CLIG.|
|Thanks...is the 'C' a cancellation though? Traded exactly mid-market too, so shenanigans of some sort, no doubt.|
|They look to have been 'O' or ordinary trades.|
|Google reports 2 x 594.5k shares going through late morning at 391p, though it could well be an internal cross of some sort.|
|Strange,Trading at 394 to sell 397 to buy,and then marked down to 370 Sell and 372.40 to buy,with hardly any volume 5 Sells amounting to £23k ? MM,s up to there tricks again !!!|
|Large number of shares being traded today.|
|21 March 2017
City of London Investment Group plc
Holding(s) in Company
City of London (LSE: CLIG), a leading emerging markets asset management group, announces that on 21 March 2017 the Company's Employee Benefit Trust purchased 25,000 ordinary shares of 1p each at a price of 385p per share. Following this purchase the Trust holds 1,586,135 ordinary shares in the Company representing 5.9% of the Company's issued capital.|
|MSCI EM Index at a 18 months high.|
|FUM End of Feb ticked up to $4.3bn|
|21st Feb update N+1 Singer no change from last update for earnings and dividend.
2017 DPS 24p
2018 DPS 27.5p
2019 DPS 30.1p|
|I wonder where he got that from lol - I hope this rises for you guys - as a safe div play perhaps - but not my style - I want to see mgrs sticking to their theme and waiting for the flows to come to them, or actively moving into the flows in timely fashion - and bigger %s. I reckon the recent money flow on the chart was someone who just got bored.
Could be a cup n handle on the monthly.
|Zeus Capital 20 February 2017
City of London Investment Group*
1H PBT up 61%; EPS up 68%
Interim results from City of London Investment Group (CLIG), released this morning, are precisely in line with the pre-close update on 17 January, which revealed:
Total funds under management (FuM) 31 Dec 2016 of $4.1 bn (£3.3 bn);
2.5% rise since 30 June 2016 when FuM was $4.0 bn (£3.0 bn).
PBT for 1H17e rose 61% to £5.8m (1H16: £3.6m), with a monthly "run-rate" for operating profit, before profit-share of £1.4m per month.
Today’s announcement and interim results reveal:
FuM on 31 January 2017 was US$4.2bn (£3.3bn).
1H17 revenues rose 30% to £15.4m (1H16: £11.8m).
Diluted EPS rose 68% to 17.5p (1H16: £10.4p).
December 2016 cash & cash equivalents of £10.5m (Dec 2015: £8.4m).
An unchanged interim dividend of 8p (ex date 3 March).
The US$/£ exchange rate was 1.47 at 31 December 2015, 1.33 at 30 June 2016, 1.23 on 31 December 2016 and 1.27 on 31 January 2017.
As we expected CLIG’s 1H17 DPS remained unchanged at 8.0p (1H16: 8.0p). As 1H17 Diluted EPS rose 68%, while PBT rose 61%, the results are ahead of our expectations. After increasing our FY(June)17e PBT forecast 2.8% on 17 January, we maintain our forecasts.
Year to date the MSCI emerging market index is up 9.7%. At 946 it is 13.4% above 30 June 2016 of 834, and 6.3% above our forecasts of 890. If markets remain strong, we may need to raise our forecasts.
We will review our forecasts in April when CLIG releases its 3Q trading update.
In the past month CLIG shares have risen from 350p to 373p (3 month high/low: 375pp; 333p), its historical dividend yield is 6.4%. Its 2017 dividend yield on our forecasts is 6.7%, which is 74% more than the FT All Share yield of 3.7%. A more reasonable 50% premium would set a target dividend yield of 5.55% dividend yield, implying a 455p CLIG target price|
|Masurenguy - tks - good note - so in short yes - a lucky ccy filip - not skilled outperformance denoted by agility, in their field of expertise, around key political rotation events - although not exactly sold that way in the statement.
I don't totally buy the chairman's comment about emerging mkts being entirely unpredictable and wildly volatile - esp the way he deliberately left out the context. China every 10-15 yrs or so has an insane bubble then a collapse - it just does - its in their nature - and Brexit prompted one of the biggest and most profitable flights to emerging off shore in decades - many ITs, funds, etfs up 40-100% in that risk off rotation - absolutely obvious unless you were wearing a blindfold. So unless they were 100% locked into their holdings (?) then I don't understand it.
Why didn't they rotate when the paradigm changed? Unless its static assets or a static theme, that's exactly what they are paid for no?|
|Thanks Masurenguy for the Hardman report.
I've moved my account to Hargreaves Lansdown and recieved my £500 today.
Barclays did not charge any leaving fees, that's the easiest £500 I've ever made.|
|Hardman & Co - February 2017
City of London Investment Group (CLIG)
H1 results confirm dividend cover
City of London has published its interim report for 1H2017. With the headline figures having been announced in last month’s trading statement, the report contains few surprises. As previously indicated, the movements in the dollar/sterling exchange rate have greatly increased most lines in the P&L. Gross revenue of £15.4m is 31% ahead of the 1H2016 figure. With more revenue earned in dollars than expenses, earnings have seen a bigger increase, by 64% to £4.27m
Price (p): 375.0
Mkt Cap (£m): 100.9
Sector: Financial Services
Dividend: An unchanged interim dividend of 8p has been announced. A decision on the final dividend has been deferred until the end of the financial year, with the hope that the outlook for the following year will be clearer then.
Funds under management: Emerging markets, like many others, have had a good start to 2017 and at the end of February FUM had increased to $4.2bn. There was no further update on new business flows other than indicating there are prospects across the product range.
Valuation: The prospective P/E of 9.8 times is at a significant discount to the peer group. The historic yield of 6.4% is very attractive and should at the very least provide support for the shares in the current volatile markets. At current market levels we’d expect dividend cover to be restored in 2017.
Risks: To date, City of London has not experienced the sort of outflows that some other emerging market fund managers have, aided by its good performance and strong client servicing. Further EM volatility may increase the risk of such outflows however.
Investment summary: City of London has continued to show robust performance in challenging market conditions. The valuation remains reasonable. At current FUM and exchange rates, dividend cover will return to a comfortable position and investors can perhaps start thinking about future increases.|
|Err, hang on... so if the FUM are nearly flat in USD, how come the PBT is up 60%? Have they simply aggressively cranked the fees? And/Or has charging fees based in dollars, then converting that rake into pounds (now more because of the devaluation), caused much of the uplift? ie nothing to do with performance really?|
|Superb, thought the dividend could have been increased, then this shareprice would be 425p now.|
|Nice to see a solid set of results and another 8p interim dividend.|
|Multi year breakout gotta be a certainty here imo|
my retirement fund
|So it sounds from that statement that they may raise the final dividend. Jolly good then.|
my retirement fund
|Great set of interims !
RNS Number : 2761X
20th February 2017
CITY OF LONDON INVESTMENT GROUP PLC
HALF YEAR RESULTS TO 31ST DECEMBER 2016
City of London (LSE:CLIG) announces half year results for the six months to 31st December 2016.
Funds under Management ("FuM") of US$4.1 billion (£3.3 billion) at 31st December 2016. This compares with US$4.0 billion (£3.0 billion) at the beginning of this financial year on 1st July 2016 and US$3.8 billion (£2.6 billion) at 31st December 2015
FuM at 31st January 2017 of US$4.2 billion (£3.3 billion)
Revenues representing the Group's management charges on FuM were £15.4 million (2015: £11.8 million)
Profit before tax of £5.8 million (2015: £3.6 million)
Maintained interim dividend of 8p per share payable on 17th March 2017 to shareholders on the register on 3rd March 2017
Cash and cash equivalents at the period end of £10.5 million (2015: £8.4 million)
|If I squint I can make it $4.2bn :-)|
|FUM up slightly for January