[ADVERT]
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 0.77% 526.00 518.00 528.00 536.00 524.00 536.00 9,770 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 17.4 267

City Of London Investment Share Discussion Threads

Showing 2851 to 2873 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
13/9/2021
20:45
A great company indeed. More than happy to hold. Only negative was the net outflows. EM net outflows for a few years. They are reopening the International Strategy which should help this year though. Be nice to see some EM and FM net inflows as well. Overall, their strategy works though and so the net flows should arrive in the medium term as they have done in the past.
topvest
13/9/2021
16:27
New trading range 625p would put them on a p.e 13 that's not unreasonable for a well run company.
montyhedge
13/9/2021
08:06
P.e at 520p. 10.81. Would be surprised if shareprice does not move up to a new trading range.
montyhedge
13/9/2021
07:47
Very pleased - well done CLIG
janeann
13/9/2021
07:44
Looks good. FX has been a headwind and they have suffered some outflows but overall the merger has been a success. As they say "CLIG finished the year in rude health with assets, revenues and profits at the highest levels in the Group's history."
robsy2
13/9/2021
07:32
Nice uplift to the dividend.
rogerbridge
13/9/2021
07:23
Superb, just read the rns.
montyhedge
13/9/2021
07:14
Thanks Masurenguy.
skinny
13/9/2021
07:10
Outstanding results ! CHAIR'S STATEMENT Most businesses are well prepared for interruptions to working practices with sophisticated disaster recovery contingencies but few, if any, could have foreseen dislocation on the scale and for as long a period as that witnessed over the last 18 months. I am very pleased to report, therefore, that both operating entities, CLIM and KIM, have sustained full and uninterrupted remote working functionality throughout the COVID-19 pandemic and, as I will detail later, CLIG finished the year in rude health with assets, revenues and profits at the highest levels in the Group's history. Combined Funds under Management (FuM) rose nearly 5% to US$11.4 billion in the six months to 30th June 2021 and by 20% since the merger closing date of 1st October 2020. For the year as a whole, CLIM funds grew by c.37% to US$7.5 billion while KIM's FuM grew by c.9% to US$3.9 billion from the date of the merger, an impressive rate of growth given that c.60% of KIM's client assets are invested in fixed income securities. Group statutory pre-tax profits rose by 137% in the year ending 30th June 2021 to GBP22.2 million (2020: GBP9.4 million), which include a first-time post-merger contribution from KIM. In order to present a more accurate picture of our financial performance, however, I propose to focus on an Alternative Performance Measure of 'Underlying' profits and earnings per share (EPS), which exclude exceptional or non-recurrent items, mainly associated with the KIM merger. On this basis, underlying pre-tax profits were GBP26.7 million, (2020: GBP11.5 million), with CLIM contributing GBP16.6 million, a 44% YOY increase, and KIM contributing GBP10.1 million in the nine months to 30th June 2021. The Board is able to recommend a final dividend to shareholders of 22p per share. Taken together with the increased interim payment, this brings total dividends for the year to 33p, equivalent to a 10% increase YOY. While these payments will result in dividend cover of 1.2 for the year based on our statutory results, that figure rises to 1.29 on a rolling five-year basis, compared with a target cover of 1.2. Having regard to the buoyancy of markets over the last year, the Board believes that a modest degree of headroom above the target level is prudent. The final dividend of 22p will be paid on 29th October 2021 to those shareholders on the register at 8th October 2021. SUMMARY - Funds under Management (FuM) of US$11.4 billion (GBP8.3 billion) at 30th June 2021. This compares with US$5.5 billion (GBP4.4 billion) at the beginning of this financial year on 1st July 2020 (pre-merger) - Net fee income was GBP52.5 million (2020: GBP31.7 million) - Underlying profit before tax* was GBP26.7 million (2020: GBP11.5 million). Profit before tax was GBP22.2 million (2020: GBP9.4 million) - Underlying basic earnings per share* were 48.1p (2020: 38.2p). Basic earnings per share were 39.4p (2020: 30.3p) after an effective tax charge of 24% (2020: 22%) of profit before taxation - Increased final dividend to 22p per share (2020: 20p) payable on 29th October 2021 to shareholders on the register on 8th October 2021, making a total for the year of 33p (2020: 30p) *This is an Alternative Performance Measure (APM). Please refer to the Financial Review for more details on APMs.
masurenguy
10/9/2021
09:45
Results day Monday!
chrisb1103
10/9/2021
07:25
St. Leger day tomorrow!
eggbaconandbubble
06/9/2021
09:47
I know he wanted to know where to park cash, you don't park cash in shares, really only fix income. But of course everything a risk.
montyhedge
04/9/2021
17:51
Wrong thread MH this is the CLIG thread.
luderitz
23/8/2021
09:58
Maz, sell high and all that for 10+%. I don't bother to park cash for the reason you state. Anyway, gla.
johnrxx99
23/8/2021
09:54
Agreed, also if your not in then you can’t win.
luderitz
23/8/2021
08:52
What's the point - you only incur two sets of transaction charges and where is the benefit in parking the cash on short term deposit @circa 0.35% !
masurenguy
23/8/2021
08:50
Yes Mas: why do I never sell in May and come back on St. Ledger's day?
johnrxx99
23/8/2021
08:46
Primarily summer doldrums ! A circa 10% drift down over the past 3 months is fairly consistent with quite a few other financial stocks,
masurenguy
23/8/2021
08:12
This lot have been a bit of a disappointment over the last few months! Anybody, any comments?
eggbaconandbubble
03/8/2021
05:25
You only pay CGT if you have an accountant, lol
johnrxx99
02/8/2021
17:47
P7556 Stop voting for right wing parties then.
luderitz
02/8/2021
17:27
I guess "Sell in May.... is a good way to carry losses forward as well. :-)
eggbaconandbubble
02/8/2021
17:26
Yes! It's a form of licenced robbery by the authorities to line the pockets of the wealthy who by and large don't pay as much as they should. Call me a cynic!!!!
eggbaconandbubble
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
ADVFN Advertorial
Your Recent History
LSE
CLIG
City Of Lo..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210917 04:56:34