City Of London Investment Share Discussion Threads

[deanowls] 23/8/2016 13:15

i reckon this is within a gnats whisker of popping!

[masurenguy] 23/8/2016 10:23

Mumbo Jumbo - what on earth has quantum mechanics got to do with the CLIG shareprice!

[my retirement fund] 23/8/2016 10:10

Agree the £4 breach is now within the wavelength of a fermion boson interference event.

[garycook] 23/8/2016 08:54

3 Nice large buys made this morning in CLIG at 380.Looks very good for £4 short term atm

[chairman20] 19/8/2016 11:47

people like BO think long term

amazing how short term are many
shareholders on these boards

if you have a long term plan you don't change it

[my retirement fund] 19/8/2016 10:53

I wonder if he will rejig his plan in light of the growing out perfomance of emerging markets ?

[masurenguy] 19/8/2016 07:23

"I would like to restate my intention regarding potential future sales of shares in the Company. I founded CLIG as an asset management business in 1991 and from the outset, I have always sought to align my interests with those of the Group's shareholders, both before and subsequent to the public listing in 2006. The consequence of this is that, as the largest shareholder and the Chief Executive of CLIG, close to all of my investible wealth remains in CLIG shares and I believe it is appropriate and prudent, for both the Company and me personally, that I gradually reduce my holding prior to my retirement in 2020. Accordingly, I propose - Selling 500,000 at £4.00 and 500,000 at £4.50. These intentions are the same as were communicated to shareholders, and specifically subsequent to my previous sale of 500,000 shares at £3.50 earlier this year." Barry Olliff, RNS,14 September 2015

[garycook] 19/8/2016 02:30

Looking strong now for £4.Correct me if I am wrong,but Barry Olliff,will sell a large amount of CLIG,when it reaches this level ?

[masurenguy] 18/8/2016 16:34

Who mentioned profit - I posted that "he is already up £100,000 in 8 weeks"

[joe say] 18/8/2016 16:29

It ain't profit until its realised

[masurenguy] 18/8/2016 15:57

Yes and a very shrewd Buy by Barry Olliff on 23 June. Based on todays current Bid price he is already up £100,000 in 8 weeks on that one-off transaction.

RNS Number: 1421C, 23rd June 2016: The Company would like to advise that Barry Olliff, Chief Executive Officer, today purchased 145,186 ordinary shares of 1p each at a price of 295p per share.

[vfast] 18/8/2016 15:42

Yes and nice move up today.

[masurenguy] 18/8/2016 14:00

Shareprice up 20% in the 8 weeks since the Brexit vote !

[garycook] 14/8/2016 04:47

monty.Been a great investment and core holding for me.Purchased at 253,and with dividends re-invested,over the years only owes me 194.So it is yielding 12% for me.

[montyhedge] 13/8/2016 21:42

EM gains, everyone looking for some yield, high risk, high yield.

[vfast] 04/8/2016 16:12

Thanks for the information Mayn.

[tmfmayn] 04/8/2016 11:34

Yes, good to be over $4bn again.

There were a few disappointing snippets in the latest presentation the other week:
hxxp://www.citlon.com/shareholders/share_reports/IP38.pdf

Snapshot on slide 4 suggested new client money of $500m targeted for FY 2017 -- January presentation had aimed for $750m.

Financials - Exchange rates table on slide 20 indicated operating costs of £5m plus $8m for UK and US offices. Previously was £4m and $7m.

Client tenure chart on slide 47 shows new client FUM gained in 2005 and H1 2016 of less than $400m. July 2015 presentation had aimed for $500m of new client FUM for FY 2016.

Anyway, at least FUM has advanced of late and the favourable GBP:USD rate should help earnings (Brexit covered on slide 3) to cover the dividend.

[robsy2] 04/8/2016 09:44

Yes thanks Mayney for that. EM seems to be swinging back into fashion again. I am delighted with this stock.
Best
R2

[masurenguy] 04/8/2016 09:05

Good spot Mayn. Yes, it looks like some good progress is being made in EM investment funds over the past couple of months post the Brexit referendum. Barry Olliff's recent Buy @295p some 6 weeks ago looks well timed - up 14% - while another of my EM fund holdings, Henderson Far East Income (HFEL), is also up by 24% over the past 7 weeks.

[tmfmayn] 04/8/2016 08:47

End of July FUM now shown
hxxp://www.citlon.com/shareholders/announcements.php

Could be $4.15bn. Highest for at least a year.

[garycook] 23/7/2016 05:07

Started to make a move now,after being at around £3 forever.The due dividend of course attractive.350 next target,and then £4 hopefully

[montyhedge] 22/7/2016 15:25

I love this income stock, great yield.

[my retirement fund] 21/7/2016 21:49

Probably people waking up o the fact the dividend has been re-affirmed

[lynton3] 21/7/2016 19:22

Does anyone have a take on why the shares jumped so much today?