|City Of London Investment Group
||EPS - Basic
||Market Cap (m)
City Of London Investment Share Discussion Threads
Showing 1976 to 2000 of 2000 messages
|Well why don't you read the company's reports, which contain the relevant information, rather than posting blind speculation? In the past you have also made similar speculative comments regarding a potential increased dividend when the relevant information had already been clearly stated in the company's reports.|
|That's the answer I wanted. I hold these, don't be so sensitive if someone asks a question.|
|"My only concern, is there a chance Barry may sell all he's shares and retired off to the sun."
More nonsensical speculation from Monty. Barry Olliff has always been completely transparent and consistent about this. "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." Barry Olliff, 15/9/15|
|I hold these, from 284p, so very pleased with the income and growth, and its all looking good.
My only concern, is there a chance Barry may sell all he's shares and retired off to the sun.|
|Hardman estimating a 25p dividend for 2017,and 26p for 2018,and 27p for 2019.|
|There's always the option for them to indicate a special dividend for results YE2017 later on.|
my retirement fund
|Encouraged by the qtr's investment performance, shame about the net outflow of funds, hopefully they'll reverse that with the current pipeline.|
|It will be interesting to see if Singer change their mind about the final dividend now, they state in their last report 16p final whereas Hardman and Zeus believe there may be an increase.|
|I've fairly sure of an increase too|
my retirement fund
|All on track, looking good.|
|I believe we are talking about a full year dividend of 25p.|
|I see that the note just produced by Zeus (the company's broker) suggests that an increase in the final DPS is "increasingly likely". It will be interesting to see if Hardman follow the same line.|
|Good update - the final dividend should be 16p again this year|
INTERIM MANAGEMENT STATEMENT
QUARTERLY FUNDS UNDER MANAGEMENT ("FUM") UPDATE
City of London (LSE: CLIG), a leading emerging markets asset management group, provides a third quarter trading update for the period 1 January 2017 to 31 March 2017.
Funds under Management
As at 31 March 2017 FuM were US$4.4 billion (£3.5 billion), up approximately 8% from US$4.1 billion (£3.3 billion) at 31 December 2016. The MSCI Emerging Markets TR Index (NDUEEGF) in USD terms rose c11% over the same period.
Investment Performance improved significantly during the quarter with over 90% of CLIM exposure outperforming relevant benchmarks YTD. The recent narrowing of our Size Weighted Average Discount has aided recent performance.
With regards to business development, although the Group has seen net redemptions of cUS$140 million during the quarter, it continues to maintain an active pipeline across all of its major CEF offerings, in particular the diversification CEF strategies. The active pipeline is in excess of US$350 million.
The Group's income accrues at a weighted average rate of approximately 84 basis points, net of commissions and custody charges. "Fixed" costs are c£1.0 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £1.5 million per month based upon current FuM and a US$/£ exchange rate of US$1.25 to £1.
The interim dividend of 8 pence per share was paid on 17 March 2017. The Board will announce the final dividend on Monday 17 July 2017 in its pre-close trading update.
|That's at least $4.4bn Maynard, perhaps even $4.45bn :-)|
Shows increase to March FUM, $4.3-$4.4bn?|
|Could test 400p again soon and trigger Barry's next sale.|
|Haven't they loaned out the stock (162k) to take their share of the votes to below 10%?|
|Blackrock have added a further 167K shares to increase their holding to 10.2%. This now makes them the largest shareholder in CLIG.|
|Thanks...is the 'C' a cancellation though? Traded exactly mid-market too, so shenanigans of some sort, no doubt.|
|They look to have been 'O' or ordinary trades.|
|Google reports 2 x 594.5k shares going through late morning at 391p, though it could well be an internal cross of some sort.|
|Strange,Trading at 394 to sell 397 to buy,and then marked down to 370 Sell and 372.40 to buy,with hardly any volume 5 Sells amounting to £23k ? MM,s up to there tricks again !!!|