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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| City Of London Investment Group Plc | LSE:CLIG | London | Ordinary Share | GB00B104RS51 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -4.00 | -1.24% | 318.00 | 22,195 | 16:35:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 314.00 | 324.00 | 316.00 | 316.00 | 316.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 58.48M | 14.74M | 0.2908 | 10.87 | 160.15M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:52:04 | O | 1 | 318.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/3/2024 | 16:13 | UK RNS | City of London Investment Group PLC Holding(s) in Company |
| 21/3/2024 | 17:46 | UK RNS | City of London Investment Group PLC Holding(s) in Company |
| 20/3/2024 | 17:59 | UK RNS | City of London Investment Group PLC Holding(s) in Company |
| 14/3/2024 | 11:49 | UK RNS | City of London Investment Group PLC INTERIM DIVIDEND – US DOLLAR CONVERSION.. |
| 08/3/2024 | 13:24 | UK RNS | City of London Investment Group PLC Change of Auditor |
| 07/3/2024 | 17:15 | UK RNS | City of London Investment Group PLC Director/PDMR Shareholding |
| 23/2/2024 | 10:26 | ALNC |  City of London Investment Group funds under management grow |
| 23/2/2024 | 07:00 | UK RNS | City of London Investment Group PLC HALF YEAR RESULTS AND BOARD CHANGES |
| 22/1/2024 | 13:54 | ALNC | City of London Investment Group reports modest improvements in 2023 |
| 22/1/2024 | 07:00 | UKREG | City of London Investment Group PLC SIX MONTH TRADING UPDATE AND DIVIDEND.. |
City Of London Investment (CLIG) Share Charts1 Year City Of London Investment Chart |
|
1 Month City Of London Investment Chart |
Intraday City Of London Investment Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/4/2024 | 23:19 | City of London Investments - a good recovery play ! | 3,308 |
| 28/9/2017 | 10:24 | Emerging Mkt Play - City of London | 96 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:52:16 | 318.00 | 1 | 3.18 | O |
| 15:35:03 | 318.00 | 667 | 2,121.06 | UT |
| 15:05:31 | 324.00 | 2 | 6.48 | O |
| 14:39:14 | 323.00 | 500 | 1,615.00 | O |
| 14:34:05 | 323.00 | 151 | 487.73 | O |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by City Of London Investment Daily Update City Of London Investment Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker CLIG. The last closing price for City Of London Investment was 322p.City Of London Investment currently has 50,679,095 shares in issue. The market capitalisation of City Of London Investment is £160,145,940. City Of London Investment has a price to earnings ratio (PE ratio) of 10.87. This morning CLIG shares opened at 316p |
Posted at 09/4/2024 23:19 by melton john If you check the trades you'll see some trades are AT. This means automatic trades entered on the order book by such as brokers and institutions and cutting out the market makers and trading with each other. This is different to the majority of AIM shares which, to guarantee liquidity are quoted for a certain size at an advertised price and prices will move within the advertised spread according to supply and demand and competing market makers bidding against each other. Compare with the car trade, retail investing is like buying and selling with a garage, institutions and brokers are like going to car auctions or off market trades like private trades. |
Posted at 09/4/2024 22:45 by robsy2 Clig is not an easy share to own. I have been here for years and it has provided dividend income only which has been enough to date , almost. |
Posted at 09/4/2024 12:29 by brucie5 CLIG is part of the Roland Head portfolio, which is not always a guarantee! But Roland does supply useful commentary on results.I believe dividend cover is touch and go and dependent on whether penciled in growth in earnings can be achieved. He writes: "Updated forecasts from house broker Zeus available on Research Tree suggest earnings per share of 33.4p per share in FY24, rising to 34.8p per share in FY25. Given the group's cash position, I would guess that hitting these targets would protect the dividend from a cut." His conclusion is that it represents good value, and he would consider topping up. Personally, I think that rising investment activity must be something of a rising tide as we see with LIO. The chart on CLIG suggests a large extended bottom - and it's not far off from where it fell in 2020. I imagine that the bod will do what they can to continue maintaining the div even if it eats somewhat into their fairly strong reserves. |
Posted at 14/3/2024 16:19 by masurenguy INTERIM DIVIDENDThe dividend of 11p per share (equivalent to 14.1 cents per share) will be paid on 28 March 2024. |
Posted at 31/1/2024 12:49 by masurenguy SIX MONTHS TO 31 DECEMBER 2023: TRADING UPDATE AND DIVIDEND DECLARATIONCity of London (CLIG) announces that on a consolidated basis, as at 31 Dec 2023, FuM were US$9.6bn. This compares with US$9.4bn at the Group's year end on 30 June 2023. A breakdown by strategy: FuM ($m) Dec-23: Jun-23 EM 3,578: 3,580 KIM 3,618: 3,520 INTL 2,004: 1,983 OV 278: 244 Other* 98: 97 Total 9,576: 9,424: +1.6% IM Performance Relative investment performance of the Group's strategies was mainly positive over the period, with OV and Fixed Income strategies outperforming, International Equity neutral and EM slightly negative. Significant CEF discount widening through late 2023 was partly reversed in Q4 which helped relative performance into year-end while NAV performance was positive. Over the six-month period, there were net outflows of circa US$294m across the Group's strategies, led by EM redemptions at CLIM and required minimum distributions for KIM clients at year end. Marketing and sales activity has picked up significantly in January as clients and prospects review their investment allocations. We are focused on new mandates in a number of the Group's asset classes with very good long-term performance as CEF discounts are at compelling levels and there is ample capacity. Operations The Group's income currently accrues at a weighted average rate of approximately 70 basis points, net of third party commissions. "Fixed" costs are c. US$2.3m per month, and accordingly the current run-rate for operating profit before profit-share is approximately US$3.2m per month based upon current FuM. The Group has proactively undertaken cost reductions as part of normal operations reflecting the current market environment. Based on actions initiated to date, savings of c. US$2.5m of costs per annum will be fully realised in the next financial year. The Group estimates the unaudited profit before amortisation and taxation for the six months ended 31 December 2023 to be approximately US$13.9m (six months ended 31 December 2022: US$13.8m, restated in USD based on average exchange rate). Inclusive of our regulatory and statutory capital requirements, cash and cash equivalents stood at US$28.8m at the end of the calendar year (US$28.6m as at 30 June 2023, restated in USD based on closing exchange rate), in addition to the seed investments of US$2.4m. Our cash reserves will allow us to continue managing the business conservatively through volatile markets while following our dividend policy for our shareholders. The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2023 on 23 February 2024. Dividend The Board declares an interim dividend of 11p per share, which will be paid on 28 March 2024 to shareholders registered at the close of business on 1 March 2024 (2022: 11p). The Board confirms the following interim dividend timetable: -- ex-dividend date: 29 February 2024 -- dividend record date: 1 March 2024 -- DRIP election date/ deadline 8 March 2024 -- announcement of USD dividend 14 March 2024 -- dividend payment date: 28 March 2024 |
Posted at 29/1/2024 07:11 by masurenguy Investor sentiment improves as stock rises 15%After last week's 15% share price gain to £3.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Capital Markets industry in the UK. Total returns to shareholders of 1.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at £4.71 per share. |
Posted at 09/1/2024 08:16 by dudishes Good to see it turning a corner?During the final quarter of 2023, I closed all positions (long/short). Of 14 positions, various sections/outfits, I had 13 wins. My only loss was yes, you guessed it, CLIG to the tune of £3K3. Follow your research not BB noise. ie WIX (some controversy), but who that uses Wicks cares? In and out, shake it all about! Closed long for £75024. There's more! VSVS, another quiet one. In/out +£29516. I'm a spread better not a divi chaser and in that vein, I believe long termers here have faired well, good luck to them. I hope CLIG has turned a corner, not followed. Good luck. cheers |
Posted at 25/7/2023 09:48 by creme de menthe Trading and share price is following a similar pattern to other asset managers. Clig has done well to maintain AuM but costs increasing. Look at PMI and POLR and others all suffering similarly. I have held here for at least 15 years and share price is down to my original buy price, yet I have had my money back with dividends. Anyway, I want to see what they can do to reduce costs and increase margin before making any decision about selling. In the meantime another 22p is nice whilst waiting. |
Posted at 08/5/2023 12:27 by eggbaconandbubble I'm not sure if 'care' is tbe right word but I would like to know. Anyone?FYI Dishes I'm trying to work out what possibility there is of a CLIG takeover. The divi is respectable but I doubt the share price is going anywhere fast. I've looked at the merger announcements which was June 2020 when CLIG share price circa 325p but it's not very clear - to me anyhow. |
Posted at 08/3/2022 16:30 by james188 I agree with that, Monty. Just to observe that 2 years ago, we were just starting to realise the full impact of COVID and the Karpus deal had not been announced. In any event, the CLIG share price has always bounced around and trading is often pretty thin. You just have to be patient when adding (or selling). |
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