City Of London Investment Share Discussion Threads

[deanowls] 14/9/2020 08:13

Always a honest and thorough view. Really sums up and translates into words the state of the world.

[speedsgh] 14/9/2020 07:51

Credit to CLIG for taking the effort to include the following in their results announcement. Yet another reason I continue to be a happy holder...

Merger post-script
Throughout the extended negotiations with KMI over the last two years, financial advice to CLIG had been provided by Kevin Pakenham and his colleagues at Pakenham Partners and it was with huge sadness, therefore, that we learned of Kevin's sudden passing on 19th July 2020, less than six weeks after the successful conclusion of those negotiations. For over 20 years, Kevin provided the Group with invaluable advice on a range of potential opportunities, often preferring to dissuade rather than persuade and the fact that he will not see our transformative transaction concluded is a great disappointment to all at CLIG. Our sincerest condolences go to his family and colleagues for their loss.

[masurenguy] 14/9/2020 07:26

Positive results as expected - FUM up 2%, underlying profit up 8.5% and dividend up 10%.

- Funds under management (FuM) at 30th June 2020 were US$5.5bm (2019: US$5.4bn
an increase of 2%. In sterling terms, FuM increased by 5% to £4.4bn (2019: 4.3bn)
- Revenues, representing the Group's management charges on FuM, were £33.3m (2019:
£31.9m). Underlying profit before tax and exceptional items was £10.7m (2019:
£11.4 m). Profit before tax was £9.4m (2019: £11.4m). Underlying profit before
tax, exceptional items and losses/(gains) on seed investments in REIT funds was
£11.5 million (2019: £10.6 million).
- Underlying basic earnings per share before exceptional items were 35.3p (2019:
34.9p). Basic earnings per share were 30.3p (2019: 34.9p) after an effective tax
charge of 22% (2019: 21%) of pre-tax profits.
- A final dividend of 20p per share is recommended, payable on 30th October 2020 to
shareholders on 9th October 2020, making a total for the year of 30p
(2019: 40.5p including special dividend of 13.5p).

[riverman77] 03/9/2020 16:22

The rise in AUM slightly higher than the increase in the EM index, indicating they are seeing decent inflows on top of positive performance. Remember costs are largely fixed in, so this should drive a strong uplift in earnings if AUM stays at these levels.

[montyhedge] 26/8/2020 11:13

I think market makers taking liberties on the spread and that's putting it politely.

[frazboy] 13/8/2020 18:13

Because they’re illiquid (thinly traded) so the MM offers a wide spread to cover the risks of holding the stock? That’s my assumption.

[malcontent] 13/8/2020 17:56

why do these have such a wide spread?

[eggbaconandbubble] 07/8/2020 10:37

According to ADVFN these go up 5% everyday!! Buy Buy Buy!!!! ;-)

[2wild] 04/8/2020 17:44

If available ADVFN and the LSE will always take the cloding auction 16:35 UT. as the closing price regardless of the size.

[mister md] 04/8/2020 16:43

Bizarre, over 400p all day and then the last 2 trades are a 1 share AT and a 5 share UT at 382p, closing at this price.

[2wild] 04/8/2020 15:21

Sure looks good due to the slide in USD during July, although practically unchanged in GBP terms.

[eggbaconandbubble] 04/8/2020 14:43

Skinny - I'll buy a couple more!

[cockerhoop] 04/8/2020 14:28

AUM up to $5.791bn at the end of July.

[skinny] 28/7/2020 09:44

This shares volume (or lack of) is amusing at times - CLIG are up 3.2% on volume of 1 share traded!

[masurenguy] 21/7/2020 13:38

Market recovery boosts FUM
21 July 2020: Corporate Research

While the third quarter of the financial year was tough for markets, the final quarter saw a strong bounceback. FUM increased by 25% to $5.50bn. After a volatile year in both directions, the net movement over the year as a whole was a 2% rise, with net inflows offsetting weak markets. The Developed Markets strategy was the standout, with inflows equal to 76% of the FUM at the start of the year. The EM strategy continued to see slow but steady outflows, although there have been signs of improvement in the second half of the year.

Full Report:

[melton john] 18/7/2020 15:47

Crumbs malcontent, my wife asked me to cut her hair which I declined unless our solicitor drew up an agreement that it was her idea. I would be even less inclined to get involved in her finances. Hope it goes well for you I badly timed my CLIG entry. I fancied SMT for the same reasons as you but missed the boat I thought. Probably double in price now. Get her to tell all her friends shares are great and buy CLIG.

[malcontent] 18/7/2020 08:33

Thanks Robsy
She actually is enjoying the experience, and
was keen to dip her toe in again

We went for Scottish Mortgage (SMT) for some international exposure and her first Investment Trust
Also a stellar performer this year

[robsy2] 17/7/2020 23:43

That’s a nice story. What is she going to buy next?

[robsy2] 17/7/2020 23:43

That’s a nice story. What is she going to buy next?

[2wild] 17/7/2020 14:15

Oops just sold 20% of my holding at 414.69p thanks to a limit order at 410 which I added some time ago. Still nice 29% profit on my purchase in March.

[masurenguy] 17/7/2020 08:00

City of London Investment Group plc (LON:CLIG) is the topic of conversation when Zeus Capital Analyst Robin Savage joins DirectorsTalk. Robin talks us through the key points from his note entitled ‘Update and KMI deal approved’, explains how it compares to his forecasts & expectations and how the update informs shareholders and market’s the valuation of CLIG shares.

[eggbaconandbubble] 16/7/2020 17:57

Just before close I put an order in to buy a wodge and was quoted nearly 417!