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Share Name Share Symbol Market Type Share ISIN Share Description
City Of London Group Plc LSE:CIN London Ordinary Share GB00BD9GS058 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 51.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
47.00 55.50 51.25 51.25 51.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 11.87 -12.88 -21.43 61
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 51.25 GBX

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25/5/202215:28City of London Group - a change in direction?135
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2022-12-08 16:35:1955.5010.56O
2022-12-08 16:35:0047.00104.70O
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Posted at 09/12/2022 08:20 by City Of London Daily Update
City Of London Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker CIN. The last closing price for City Of London was 51.25p.
City Of London Group Plc has a 4 week average price of 45p and a 12 week average price of 33.50p.
The 1 year high share price is 68p while the 1 year low share price is currently 31p.
There are currently 119,430,638 shares in issue and the average daily traded volume is 471 shares. The market capitalisation of City Of London Group Plc is £61,208,201.98.
Posted at 20/9/2021 15:54 by jammytass
CITY OF LONDON GROUP PLC

("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://www.sharesoc.org/events/sharesoc-webinar-with-city-of-london-group-cin-14-june-2021/
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://www.sharesoc.org/events/sharesoc-webinar-with-city-of-london-group-cin-11-may-2021/
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
£5.2m)

• 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

hxxp://www.cityoflondongroup.com/financialreports/150729%20City%20of%20London%20Annual%20Report(WEB).pdf

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 23/8/2016 09:42 by jumbone
Their investment in CAML is worth 6.3p plus per share a year ago

CAML for all intents and purposes is a thriving business

Plus they are to recognise the 1.5 mill GBP profits from the sale of "Therium" in this year's finance statement

So this at below 4 p is cheap

Posted at 07/1/2008 20:16 by topvest
Not terribly impressed with the PR business sale, which has been sold for £400k (£300k now) + £300k contingent on performance. This is a pretty low price given last year COLG PR business generated £106k of profit (£121k the year before). It seems to me that the buyer gets more out of this than COLG and it may have been better to retain a stake in the enlarged business that could have been floated on PLUS or something. Oh well, I guess the management team are close to retirement and options were limited. Looks like they at least get free rent for a year and some extra cash will boost NAV. I guess this marks the end of the old business and the start of the new.
Posted at 20/11/2006 15:08 by hallums
Price rise - no dealings or volume!!!!

Is there anything in the press that might be the cause of the increase in the share price today?

Information appreciated.

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