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
  -2.875p -0.68% 418.625p 415.25p 422.00p 420.00p 420.00p 420.00p 15,799 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 24.4 8.0 23.3 18.0 112.45

City Of London Investment Share Discussion Threads

Showing 2001 to 2024 of 2025 messages
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DateSubjectAuthorDiscuss
21/7/2017
19:04
City of London Investment Group was trading modestly higher following the release of latest trading details, the stock last up 1% in Wednesday business. The emerging markets-focussed asset manager advised that funds under management leapt 17% to $4.7bn as of June 2017, up from $4bn a year earlier. In sterling terms, funds jumped to £3.6bn from £3bn at the same point in 2016. City of London announced that the MSCI Emerging Markets TR Net Index rose by 24% in US dollar terms over the same period. The company reported negative net asset flows in Emerging Markets of $306m as clients rebalanced into the significant emerging market equity gains, while net asset flows were positive ($26m) in the Diversification strategies. And the asset manager noted that net mandate wins of around $125m have been confirmed for early in the new financial year. Rich returns? Those seeking explosive earnings growth need to give City of London serious attention, at least if current broker forecasts are anything to go by. It is expected to follow an anticipated 47% earnings rise in the year to June 2017 with a 10% bounce in fiscal 2018. And these projections make the business a brilliant bargain buy, in my opinion. Not only does the company sport a mega-low forward P/E rating of 10.8 times, but a PEG rating of 1.1 rubber stamps City of London’s position as a great value pick. There is also plenty for dividend hunters to celebrate. Analysts expect the business to lift an estimated 24.7p per share payout for the last year to 26.8p in the present period, resulting in a mammoth 6.6% yield. But given that City of London is on course to beat this projection – the firm today vowed to pay a 25p per share total dividend for fiscal 2016 – this year’s estimate could also surprise to the upside. And I believe City of London should continue to provide powerful earnings and dividend expansion in the years ahead as economic growth in so-called developing regions steams ahead. This was from Motley Fool on the HL Twitter. 20/07/2017
killing_time
20/7/2017
19:39
Way too cheap imo
my retirement fund
19/7/2017
20:53
I’ve got to admit I find Masurenguy a good honest straight poster and respect his opinion. I agree with James188 he has made a good point. Let’s concentrate on CLIG, I’m only here to try and make some money.
vfast
19/7/2017
20:09
This is one of the - sadly - very few ADVFN threads that concentrates on the company issues supported by knowledgeable posters and is devoid of personal attacks and inane posts. Let's keep it that way. I agree with previous comments that CLIG is a class act. The continuing clarity of the messages delivered by management is very refreshing. I wish that I could say the same of all the shares that I hold.
james188
19/7/2017
19:30
I didn't pick up todays announcement on that issue, so apologies - you were right and I was wrong on this occasion.
masurenguy
19/7/2017
17:32
Thanks vfast Masurenguy thinks he knows it all.
montyhedge
19/7/2017
17:02
It has changed now 250,000 shares at 425p and 250,000 shares at 4.50p. From today's RNS "In line with his previously announced intention, during the financial year Barry Olliff sold 500,000 CLIG shares at 400p. Going forward, his revised intention is to reduce his holding progressively at 25p price increments, commencing with up to 250,000 shares at 425p and up to a further 250,000 shares at 450p. His current shareholding is 2,275,186, 8.46% of shares in issue".
vfast
19/7/2017
15:55
montyhedge 19 Jul '17 - 1924: So 425p next level for Barry, then 450p. Incorrect. He has previously announced that he intended to sell 500,000 shares @400p (now completed) and a further 500,000 @450p. He has not announced any intention to sell shares @425p. NB: Major shareholder stakes now updated to June 2017 in the header
masurenguy
19/7/2017
14:03
Good update and dividend with higher cover.
rogerbridge
19/7/2017
13:48
So 425p next level for Barry, then 450p.
montyhedge
19/7/2017
12:55
Some proof reading would have been nice. "Dividends 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."
skinny
19/7/2017
12:46
Impressed with CLIG.Onward to BO,s next target of 450p
garycook
19/7/2017
11:22
Zeus view The increase in the final DPS confirms that CLIG is trading well. We are encouraged and have updated our forecasts to reflect the data disclosed in the trading update. In summary, we increase our FY(June)18E EPS by 9.1% to 44.0p (previously 40.3p). We also increase our FY19E EPS forecast by 10.9% to 48.0p. We leave our DPS forecasts unchanged until we see the full report and accounts.
vfast
19/7/2017
10:56
Great news.
topvest
19/7/2017
09:01
Deserves to be £5 imo
my retirement fund
19/7/2017
08:38
From todays excellent Trading Update: "For the year to 30 June 2017, the Group expects that pre-tax profits will be approximately £11.6m (2016: £8.0m), and that profits after an anticipated tax charge of £2.5m (22% of pre-tax profits) will be approximately £9.1mn (2016: profits of £5.9m after a tax charge of £2.1m, representing 27% of pre-tax profit). The tax charge includes an estimated refund of £0.4m relating to prior years' US state taxes, which if excluded would result in a Group tax rate of 25% of pre-tax profits. Basic and fully diluted earnings per share are expected to be 36.9p and 36.7p respectively (2016: 23.3p and 23.1p). The Board is recommending an increased final dividend of 17p per share (2016: 16p). This would bring the total for the year to 25p (2016: 24p), for dividend cover of 1.46 times (2016: 0.96 times).
masurenguy
19/7/2017
08:14
Excellent I think should settle down around 425p.
montyhedge
19/7/2017
08:03
Divi increase
my retirement fund
19/7/2017
07:39
Indeed, clearly presented. Nice capital appreciation plus 6%+ dividend yield
mister md
19/7/2017
07:17
I wish all my holdings reported so clearly. Very good results. R2
robsy2
13/7/2017
08:16
AUM flat in June, MSCI picked up a little so far in July.
cockerhoop
13/7/2017
07:56
Year end pre-close trading update now due next Wednesday (July 19th).
masurenguy
06/6/2017
22:06
AUM up to approx $4.65bn end of May.
cockerhoop
01/6/2017
11:56
Testing the 400p barrier again?
vfast
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