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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -1.47% 538.00 536.00 540.00 544.00 522.00 530.00 39,927 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 17.8 273

City Of London Investment Share Discussion Threads

Showing 2626 to 2648 of 2850 messages
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
16/7/2020
16:28
Well if you put it like that... I missed that :-)
skinny
16/7/2020
16:23
Since yesterday!
eggbaconandbubble
16/7/2020
15:56
A buy over £4 (£4.07) for the first time in a while.
skinny
15/7/2020
16:19
7% at £4 looks good. Although not sure about the US deal. Dow was 18k when trump came to power, is the outlook really massively better now? Note the spread has moved from 390-397 to 377-407 in an hour. Normal service has resumed.
2wild
15/7/2020
13:50
What an income play.
montyhedge
14/7/2020
09:14
OK so the final divi will be at least 18p. That makes 28p I think for the year and probably more next year.That is enough to support the share price at 400p.Job done.
robsy2
14/7/2020
08:01
Steady as she goes!
skinny
14/7/2020
07:53
Good set of results and dividend maintained ! PRE-CLOSE TRADING UPDATE for the year to 30 June 2020 City of London (LSE: CLIG), provides a pre-close trading update for its financial year ended 30 June 2020. The numbers that follow are unaudited. Funds under management were US$5.5bn (£4.4bn) at 30 June 2019 (2019: US$5.4bn or £4.2bn), representing a 2% increase in US$ terms for the year. A breakdown by strategy follows: Funds under Management excludes seed investments The Emerging Market (EM) and Developed Strategies (DM) outperformed over the year, the Opportunistic Value (OV) and Frontier strategies underperformed. Both the EM and DM strategies benefitted from good country allocation. The Frontier strategy suffered from weak NAV performance, particularly impactful among Argentine holdings while the OV strategy suffered from negative allocation effects. In addition, as discounts widened significantly across CEF sectors, most notably in Q1 2020, all the strategies suffered to some extent from this factor over the 12 month period. During the year under review, the OV and DM strategies recorded combined net inflows of $597mn. The Frontier strategy saw net inflows of $16mn while the EM strategy saw net outflows of $275m. Due to the COVID-19 pandemic, our business continuity plan was enabled with all staff working remotely via audio and secure video communication and full network connectivity to all critical systems. The proposed merger with Karpus Management Inc. (KMI), which was announced on 9(th) June 2020, was approved overwhelmingly by CLIG shareholders yesterday with 99% voting in favor. Completion of the merger, which is expected on or around 1(st) October 2020, will provide shareholders with growth potential from a more diversified revenue base and has the potential to be earnings enhancing in the first full year post-merger. Further details of the transaction are available in the combined circular and prospectus, published on 12 June 2020 in relation to the share consideration to be issued to stockholders in KMI on completion of the merger. The prospectus remains live until admission of those consideration shares on completion, currently expected to occur on 1 October 2020. Whilst the prospectus remains live, the Company is prevented under the Prospectus Regulation from providing an estimate of its profits for the financial year to 30 June 2020, as it has done in previous years, without the approval and publication of a supplementary prospectus. However, subject to audit, the Board intends to at least maintain the final dividend at the same level as last year, in line with the stated dividend policy. The Board is not aware of any material additional information that Shareholders should be aware of at this time. The Board confirms the final dividend timetable for the year to 30 June 2020: -- ex-dividend date: 08 October 2020 -- dividend record date: 09 October 2020 -- payable: 30 October 2020 City of London expects to announce final results alongside publication of its Accounts for the year to 30 June 2020 on 14 September 2020. The Group's AGM will be held on 19 October 2020.
masurenguy
03/7/2020
13:07
AUM up 10% in June to £5.511m.
cockerhoop
21/6/2020
13:13
OK Absurd.............tail between legs!
eggbaconandbubble
21/6/2020
13:09
Barry Olliff is retiring and still has circa 1.8m shares in CLIG. Why would there be some requirement for him to buy such a small parcel of shares as part of the deal but not any of the executive directors? Furthermore, it would have been disclosed in the published Circular and Prospectus. It's absurd ! As I previously noted in #2517 "Barry Olliff back in to buy £60K worth of shares @370p in contrast to his planned disposals @450p and 500p. Looks like he thinks that the Karpus deal will send the shareprice north of those threshold levels !"
masurenguy
21/6/2020
12:20
Directors.
skinny
20/6/2020
18:45
But I thought he had retired? So he is still on the board as a non-executive.
pvb
20/6/2020
17:17
Why not??? If I bought, reversed into or merged with a quoted company the first thing I would like to see is the share price rising post the deal! What better than the market seeing the management buying in?
eggbaconandbubble
20/6/2020
16:27
Why would the Karpus deal include a clause requiring Barry Olliff to buy 16,500 shares? It's absurd !
masurenguy
20/6/2020
13:32
Point taken!
eggbaconandbubble
20/6/2020
12:07
If it were part of the deal it would be reasonable to expect, especially in the case of a company with the probity of CLIG, that we would have seen a clause to this effect in the published terms of the deal.
nobbyx
19/6/2020
19:40
mmmmmh Interesting! Very interesting! Or was it part of the deal????
eggbaconandbubble
19/6/2020
19:06
Barry Olliff back in to buy £60K worth of shares @370p in contrast to his planned disposals @450p and 500p. Looks like he thinks that the Karpus deal will send the shareprice north of those threshold levels !
masurenguy
12/6/2020
15:07
12 June 2020 CITY OF LONDON INVESTMENT GROUP PLC Publication of Circular and Prospectus and Notice of General Meeting Further to the announcement by the Company on 9 June 2020 relating to the proposed Merger of CLIG with Karpus Management Inc, the Company announces that the combined prospectus and circular in respect of the Merger (the "Circular") has been approved today by the FCA. The Merger is conditional, inter alia, on approval by Shareholders. The Circular contains a notice convening a general meeting of the Company to be held at 77 Gracechurch Street, London EC3V 0AS at 2.00 p.m. on 13 July 2020. The expected time of principal events is as follows: Latest time and date for receipt of Forms of Proxy 2.00 p.m. on 9 July 2020 General Meeting 2.00 p.m. on 13 July 2020 Expected date of Completion 1 October 2020
masurenguy
10/6/2020
09:11
Yes 1.2x cover on 47p EPS is around 39p dividend, and on 2022's 51.8p it's 43p. Lots of 'ifs' and 'buts' around the EPS forecasts but you get my point. The Karpus FUM aimed at preserving rather than accumulating wealth may provide increased stability of FUM after merger.
cockerhoop
09/6/2020
22:10
Eggbaconand bubble you silly sausage! Of course he means light. Well I think so anyway.
mach100
09/6/2020
14:46
'light' or 'right' ?
eggbaconandbubble
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