City Of London Dividends - CIN

City Of London Dividends - CIN

Stock Name Stock Symbol Market Stock Type
City Of London Group Plc CIN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 10.00 00:00:00
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City Of London CIN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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Posted at 16/1/2023 16:36 by volsung
The wages of CIN is death
Posted at 20/9/2021 15:54 by jammytass

("COLG" or the "Company")

Banking Licence Update

City of London Group (AIM: CIN), the parent company of Recognise Bank Ltd ("Recognise Bank"), a digitally led new SME bank, is pleased to announce that, the Prudential Regulation Authority ("PRA") has lifted the deposit restrictions on Recognise Bank. This will enable Recognise Bank launch its personal and business savings products and to start taking deposits. Recognise Bank will launch FSCS protected personal savings products on Tuesday 21st September 2021, with business saving products due to launch later.

As announced in August 2021, City of London Group agreed the sale of Milton Homes Limited ("Milton") and completed a capital raise to meet the capital requirements for the PRA to remove restrictions on deposits.

The development of Recognise Bank has been a central part of COLG's strategy, to address the funding and service gap experienced by underserved UK SMEs. The new capital and funds from the deposit taking products will enable Recognise Bank increase lending to the UK's small and medium sized businesses.

Philip Jenks, Chairman of COLG and Recognise Bank, commented:

"We are delighted that the PRA has lifted the deposit restrictions for Recognise, a major milestone for COLG and Recognise. We have completed the final step on the journey to becoming a fully authorised digitally led bank which has been our primary objective for three years. We have grown the Recognise employee base to over 60 high calibre members and secured a strong executive team, led by Jason Oakley as CEO.

"The recent capital raise and sale of Milton Homes will enable us to realise our strategic ambitions for Recognise Bank, namely increasing the size of the loan book with access to funding from depositors through our business and personal savings products."

Posted at 03/6/2021 11:20 by sharesoc
Current shareholders and potential investors in City of London Group (CIN) may be interested in our webinar on the 14th June. Michael Goldstein (CEO) will be presenting to ShareSoc members: hTTps://
Posted at 04/5/2021 15:29 by sharesoc
Current shareholders and potential investors in City of London Group (CIN) may be interested in our webinar on the 11th May. Michael Goldstein (CEO) will be presenting to ShareSoc members: hTTps://
Posted at 23/8/2016 11:19 by jumbone
Agree there was some confusion between City of London Group (CIN)and City of London Investment Group (CLIG)

But look at the positives ...

1. The Bard family (5 of them)increase their holding to over 26% (in Nov 2015)

2. The old ineffective BOD is purged

3. Their investment in CAML is growing..

4. They are to recognise 1.5 mill GBP profit from the sale of Therium this year Which it self is 4.07 p per share

5. Add to that their investment (85% Ownership) in CAML with over £ 20 mill investments

6. Which before the injection of £ 5 Mill last year was valued at 6.3225 p per share

7. As per their reports CAML is showing substantial improvement in its operating results

8. All of these for a share at 3.50 p for a NAV of 10.3p Plus is a steal by any standard

Posted at 23/8/2016 11:04 by the shuffle man
I see you have changed your previous post that referred to CLIG and not CIN so at least you are now talking about the correct company.I hope you are correct with the valuation.Not sure what significance today's recognition will have.Has this been ramped somewhere as big volume the last few days after hardly anything for ages.
Posted at 23/8/2016 10:54 by jumbone
Shuffle Man

No I am referring to CIN

This from their last year's AR:

Key developments
• Litigation funding associate, Therium sold in April 2015 for a profit of £1.5m

• Group now entirely focused on SME and professions funding

• Trade Finance Partners has more than doubled its revenue

• Credit Asset Management reports substantial improvement in its operating results

• Cost savings of 55% in central overheads achieved

• Credit Asset Management has completed a preference equity issue of £5m towards building a £20m own book portfolio

• Conditional equity fund raising of £3m to £6m to fuel further growth and intention to transfer to AIM announced separately

Financial results
• Loss before tax £1.6m after exceptional loss of £0.4m (2014: loss before tax

• Underlying loss before tax £1.2m* (2014:underlying loss before tax £4.2m*)

• NAV per share of the Company 42p (2014: 47p)

• Consolidated NAV per share attributable to shareholders 28p (2014: 34p)

• Profit on the sale of Therium of £1.5m will be reflected in 2016 results


The value of CIN's investment was valued at £2,330,000 in Sept 2015

There are 36,852,681 shares in issue

Which makes that investment alone worth 6.3225 p per share at last year's valuation

Posted at 23/8/2016 09:48 by the shuffle man
JumboneYou are referring to a different City of London LMAOThis one is CINCompletely different to the one you are referring to.
Posted at 11/11/2009 21:40 by topvest
Some encouraging news here.
New management team.
Prospect of a dividend at the full year with deficit on distributable reserves resolved.
Cash of £1.3m.
Possible offer still in the background.
NAV 79p.

They made some great Aussie coal seam investments a year or two ago which have yielded enormous profits.

Shame they were stupid enough to invest a £m or so in ARC which was a pile of rubbish from day 1 and was run by a bunch of what I believe to be very suspect individuals. Anyway things looking up. The Munro Fund is loss making, but is a good idea for the prudent investor.

Encouarged to hold these until we get a better exit or some more exciting opportunities.

Posted at 18/12/2008 21:15 by topvest
Interim results were ok, except the dividend cut which was a shame. The investment in ARC Fund Management was a bit of a disaster. Renwick Haddow seems to have convinced Lord Ashcroft and COLG to buy a pile of rubbish with an FSA authorisation for lots of money. Looks like they were had!
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