Share Name Share Symbol Market Type Share ISIN Share Description
City Of London Investment Group 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
  +16.00p +4.37% 382.00p 382.00p 398.00p 384.00p 381.00p 384.00p 5,477 15:04:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 31.3 11.6 36.9 10.4 102.61

City Of London Investment Share Discussion Threads

Showing 2201 to 2221 of 2225 messages
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DateSubjectAuthorDiscuss
19/8/2018
18:39
City of London takes Lazard World's board to task over buybacks Activist investor City of London Investment Management is planning to vote against Lazard World Trust Fund’s (WTR) share buyback plan. CLIG has penned an open letter to Lazard World Trust’s board explaining why it will not vote in favour of granting the board authority to buy back shares. The vote is due to take place at the investment trust’s (EGM) on 30 August. City of London represents Lazard World Trust’s largest shareholder, with a 24.5% stake. The investment manager targets closed-end funds that trade on big discounts to net asset value - particularly those focused on emerging markets. Its focus is similar to Lazard World Trust, which also targets companies and investment trusts on wide discounts and cheap valuations. Complete article: http://citywire.co.uk/investment-trust-insider/news/city-of-london-takes-lazard-worlds-board-to-task-over-buybacks/a1146965?ref=investment-trust-insider-latest-news-list
masurenguy
18/8/2018
10:49
Main reason for the recent CLIG shareprice weakness. Yesterday's fall for the MSCI Emerging Markets index was its heaviest in six months and means the sector has now slumped 20% from its peak. It was a further sign of the spill-over from Turkey's deepening economic problems, despite its lira currency recovering some ground from a plunge in value that accelerated dramatically on Friday. The catalyst for yesterday's heavy emerging markets sell-off was continued dollar strength. The greenback has risen 8% against a basket of global currencies over the last three months, and 13% against the pound, a rally that has accelerated over the last week. Turkey's currency woes have prompted investors to flee riskier currencies to the perceived safe haven status of the dollar. Over the last six trading trading days, the Argentinian peso has lost 8% against the dollar while the South African rand is down 7.8%. A strong dollar tends to hurt emerging markets, as it renders their debt held in the US currency more expensive. Chetan Sehgal, manager of the Templeton Emerging Markets (TEM ) investment trust, acknowledged the pressures facing the sector. 'We recognize that a backdrop of rising US interest rates and a strengthening US dollar — while reflective of a strong US economy — can impact emerging markets,' he said. But Sehgal argued the fundamentals of emerging markets remained strong, and that investors had overreacted, just as they did as the sector came under pressure between 2013 and 2015 as the US reined in quantitative easing. 'While it’s true that some economies were vulnerable, in some cases, the markets were pricing in crises-type levels. The currencies became undervalued, and when a crisis didn’t occur, we saw a rebound.' Citywire: Turkey tips emerging markets into bear territory
masurenguy
17/8/2018
20:04
Thanks nobbyx. Like you am very much a long term investor here so not too worried about daily activity much more interested in the long term prospects and yield and these seem to have an excellent track record.
tim 3
17/8/2018
11:17
tim, it was the end-of-day auction trade, clearing the books ready for kick off the next morning. Someone got a bargain there - the buyer not the seller(s)! According to the ADVFN monitor there have only been two transactions so far this morning, a total of 846 shares at 381.1901p. This is only the trading on the LSE. There have been a further 6423 shares changing hands on the NEX exchange, all at 385p. ADVFN only reports the LSE trades. If you click on 'Trades' at the top of the screen and open the Trades page, then click 'Trades (HTML5)' you will see all the CLIG bargains of the day. If you select Trades (Java) you will only see the LSE bargains. The spread at present is 370-405. The trades at 385 are being reported as Sells but as ADVFN warns this is merely indicative because of where within the spread the bargain prices fell - they may easily been buys. Having held CLIG for a good few years I'm not in the slightest concerned about the present fall of the share price Bound to happen because of the present concern about Turkey and emerging markets. At present CLIG gives me a yield of over 10% on my historic cost. I've been wanting to add for a year or two but the price has been too high. Suits me that the price is falling.
nobbyx
16/8/2018
19:57
That last trade looks a bit odd to me miles away from the bid/offer.
tim 3
13/8/2018
14:20
Any particular reason?
eggbaconandbubble
13/8/2018
11:18
I do like this company.
montyhedge
09/8/2018
22:40
Nice one guys hope you got the bottom.
tim 3
09/8/2018
16:31
Same here.
killing_time
09/8/2018
16:26
Topped up the SIPP today.
rogerbridge
09/8/2018
16:18
Share buy back
my retirement fund
09/8/2018
08:18
Thanks gents. I am back in this morning.
rcturner2
08/8/2018
16:30
Not as much $USD debt as the previous calamity for the emerging markets and the best time to buy is when there is blood on the streets. We may not be there yet, but I am getting ready to top up here. A good way into EM's and a great divi. Timing is everything though.
rogerbridge
08/8/2018
16:26
Seems a good buy at this price.
davebowler
08/8/2018
16:17
Only Barry buying would tempt me in early. Hes a shrewd cookie and has a buying and sellng track record to match.
my retirement fund
08/8/2018
15:41
RCT, On the valuation metric I've run monthly on CLIG since 2011 it is now the best value it has ever been during that period (beating April 13 when the price was £2.50 & July 16 when the price was £2.97 & Barry was buying!) I've acted accordingly :-) Exchange rates are very favourable. Perhaps there are emerging market concerns regarding Trump tariffs but this is not reflected in the MSCI EM Index which is stable currently.
cockerhoop
08/8/2018
15:15
Last trading update was a wee bit mixed with the EM strategy underperforming its peers and ending virtually unchanged from the previous period. Its other products are doing very well however with decent inflows. The final divi announcement brings the total for the year to 27p, a 7.25% yield at the current price. I'm glad you asked though, as my quarterly SIPP injection is due shortly and the yield is irresistable...provided there isn't something nasty lurking.
stun12
08/8/2018
15:05
Can anyone shed light on why the share price has gone into reverse?
rcturner2
08/8/2018
14:53
Well, humming and hahing (?), I have just bought some at 372. Wonder if I should have bought more?
raggedtp
06/8/2018
13:45
raggedtp - I can tell you this. I have owned this stock for 8 years and my average cost price is 288p. Currently the shareprice is 380p which represents a 32% gain. However during that period I have also received 200p in dividends, which constitutes a 70% return on my investment in yield terms. Of course the old investment cliche is "Past performance is not indicative of future performance" so of course you must undertake your own evaluation and make your own personal investment decisions.
masurenguy
06/8/2018
13:32
Last comment, ebab -the debate is too heated and losing us friends. Our children need us to work together as much as possible; I feel we're still too self-satisfied a nation. But certainly, masurenguy. I did actually come on to see what people thought of CLIG, because I'm tempted at this level. SO tricky when they are a people business, and people walk. I have held Cenkos in the past, sometimes up, sometimes down, but the forecast div to CLIG at this price is luring me, I hope not over the rocks.
raggedtp
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