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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
  0.00 0.0% 510.00 512.00 532.00 - 0.00 08:00:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 16.8 258

City Of London Investment Share Discussion Threads

Showing 2826 to 2849 of 2850 messages
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
17/7/2021
18:09
"It's an all-time high" not the share price (but close!), or do they mean the FUM?
eggbaconandbubble
17/7/2021
16:55
It’s an all-time high Hardman: 16 July 2021 City of London has announced its final trading update for FY’21. The year has shown dramatic progress. The merger with Karpus has been complemented by strong markets, boosting FUM substantially. FUM finished the year at $11.45bn, a 26% increase from the $5.50bn CLIM had a year ago plus $3.58bn from Karpus when the merger took place in October. The benefits of strong markets have been offset by steady outflows from rebalancing and redemptions but boosted by outperformance across the strategies. The net result is the FUM increase is somewhat behind market movements. Operations: For the full year, estimated profit after tax will be £17.0m, an increase of 124% on the previous year. We estimate underlying EPS to increase by 29%. As expected, an increased final dividend of 22p has been announced, making the full-year amount of 33p a 10% increase over FY’20. Estimates: Although the results are comfortably ahead of our expectations, only the increase in FUM improves future earnings. The net result is small upgrades to our forecasts, with both our 2022E and 2023E EPS increasing by 3%. Valuation: Despite the recent good performance, the 2022E P/E of 12.5x remains at a discount to the peer group. The 2022E yield of 6.7% is attractive, in our view, and should, at the very least, provide support for the shares in the current markets. Risks: Although City of London has reduced its relative emerging markets exposure, it is still 47% of assets. It has proved to be more robust than some other fund managers, aided by its good performance and strong client servicing. Market volatility remains a risk, although increasing diversification is also mitigating this. Investment summary: Having shown robust performance in challenging market conditions, City of London is now reaping the benefits in a more supportive environment. The valuation remains reasonable. After a special dividend in FY’19, dividend increases in FY’20 and FY’21 and with the EPS boost from Karpus, the prospects for future dividend increases look very good.
masurenguy
13/7/2021
18:28
It was good news other than the outflows. That was negative. Anyway, it’s a quality outfit and has a great investment record. Happy to hold.
topvest
13/7/2021
15:19
Surprised shareprice unchanged on such good news.
montyhedge
13/7/2021
07:45
Excellent.
rogerbridge
13/7/2021
07:45
Superb, 22p dividend has well.
montyhedge
13/7/2021
07:24
Another Excellent year.
robsy2
13/7/2021
07:19
Good closing update with a like-for-like FUM of $11.4bn compared to $9.1bn accross both companies last year. The proposed final dividend of 22p (33p for the full year) as expected.The current yield, based upon last night's closing midprice, is 6.25% PRE-CLOSE TRADING UPDATE for the year to 30 June 2021 City of London (CLIG),provides a pre-close trading update for its financial year ended 30 June 2021. The numbers that follow are unaudited. On a consolidated basis, Funds under Management (FuM) were US$11.4bn (£8.3bn) at 30 June 2021. This compares with US$5.5bn (£4.4bn) at the Group's year end on 30 June 2020, which was before the merger with Karpus Management Inc. on 1 October 2020. At year end, both CLIG operating subsidiaries hit all-time FuM highs following the significant equity market gains of recent months and strong relative performance. This was tempered by the high levels of client rebalancing and liquidations, leading to net outflows of circa $774m across the Group's strategies. For the year to 30 June 2021, the Group estimates that the unaudited profit before amortisation of intangibles, exceptional merger costs and taxation to be approximately £27.2m, including non-controlling interest ("NCI") profit of nil (2020: £10.7m, NCI loss of £0.2m). Profits after an anticipated tax charge of £5.3m (representing 22% of profits before exceptional merger costs and taxation) will be approximately £17.0m (2020: profits of £7.6m after a tax charge of £2.0m, representing 19% of profits before exceptional merger costs and taxation). Basic and fully diluted earnings per share are expected to be 39.4p and 38.8p respectively (2020: 30.3p and 29.5p). The Board is proposing to recommend a final dividend of 22p per share (2020: 20p), subject to approval by shareholders at the Company's Annual General Meeting to be held on 18 October 2021. This would bring the total dividend payment for the year to 33p (2020: 30p). Rolling five-year dividend cover equates to 1.29 times (2020: 1.24 times). CLIG expects to announce its final results for the year to 30 June 2021 on 13 September 2021.
masurenguy
07/6/2021
08:41
Zeus; Update leaves forecasts unchanged What’s new: Updates in April and early May reveal: Group consolidated Funds Under Management “FuM” of US$11.3bn at the end of April 2021 is up 4.0% year to date (Dec20: US$10.9bn). Strong investment performance across CLIG’s investment strategies, was offset by clients rebalancing, resulting in 3Q net outflow of US$278m. CLIG continues to maintain an active pipeline across all its major products. Income net of third-party commissions currently accrues at circa 74 bps (i.e. c. 73 bps of CLIM’s FUM and c. 77 bps of KIM’s FuM). Operating profit before profit-share run rate is £3.3m per month based on US$1.38=£1 (at US$1.43=£1 the run rate would be c £3.2m per month). Sterling has strengthened 13% from below $1.25 to £1 to over $1.40 now. In May 2021, M1EF, the emerging markets index, rose 1.2% to 662. In the first week of June 2021, the index has risen 2.1% to 676. On 31 May 2021, CLIG’s Group consolidated FuM was $11.5bn (see Exhibit 1). Zeus view: Increasing funds under management in US dollars has been offset by Sterling strength. Overall, we nudge up our revenue expectations (page 3, exhibit 3) and leave our earnings forecasts unchanged. Our forecasts assume Sterling strengthens further from US$1.42 to US$1.44 to £1. We will review our forecasts again in July, when we expect a year end trading update for the year to 30 June 2021. Valuation: At 550p CLIG shares are trading on 11.6x PER and 6.0% dividend yield. CLIG has a strong balance sheet with no debt and substantial net cash. Over the past 5 years CLIG has delivered annualised Total Shareholder Returns (TSR) of 11% CAGR, with dividends providing 8%, earnings growth c 6% CAGR. Over the next we expect CLIG to continue to deliver a TSR of over 10% pa, of which half comes from dividends and the other half comes from a combination of earnings growth and multiple expansion.
davebowler
24/5/2021
10:56
It's a good bedtime story, lol.
montyhedge
24/5/2021
07:57
Blimey1 That's 'bedtime reading' for a week!
eggbaconandbubble
24/5/2021
07:29
Have a read, you might learn something.https://maynardpaton.com/2021/02/24/city-of-london-investment-h1-figures-reveal-record-10-9b-fum-and-astonishing-55-margin-but-client-rebalancing-keeps-p-e-stuck-at-11x/
montyhedge
23/5/2021
18:58
Don't you mean when CLIG average 48p EPS over 5 years, in line with the current stated dividend policy.
2wild
21/5/2021
16:23
The day we get 48p of earnings then I think 40p dividend. The holy grail of investing shareprice growth and rising dividends.
montyhedge
16/5/2021
12:12
Just watched video, very good, no special dividend for 2021, but I suppose that's sensible. Hopefully growing dividends in the future.
montyhedge
11/5/2021
14:43
Was it Hardman? reckons 40p dividend on its way.
montyhedge
10/5/2021
20:35
Don't think a link has been posted previously to this video presentation by the CLIG management team. 20min presentation followed by 20min Q&A... Hardman Talks: City of London Investment Group webinar (18/2/21) - HTTPS://youtu.be/7KLqRMjONdE On 18 February, we were delighted to host the City of London Investment Group on Hardman Talks for a live presentation and Q&A session. The asset manager delivered a well-rounded business overview. Management spoke on their dividend policy, and discussed the Karpus merger and integration as well as the diversifying investment strategies. We were pleased to be met with an interactive audience, fielding questions about the company’s growth rate, capacity constraints with rising FuM, and growing cash balances.
speedsgh
27/4/2021
08:15
Way this is going soon be getting 40p dividend.
montyhedge
26/4/2021
09:15
Thanks Masurenguy.
skinny
26/4/2021
09:14
Another Quarter of Steady Progress 26 April 2021 A quarter of steady progress. Markets were supportive, albeit to a lesser degree than in the previous couple of quarters, with the MSCI EM Net TR Index increasing 2.3% and the MSCI ACWI ex US up 3.5%. Performance was strong across all product areas, driven by good NAV performance, partially offset by net outflows in each area. FUM increased in all strategies other than Opportunistic Value. Total FUM ticked up from $10.98bn to $11.06bn. City of London retains an active pipeline across all areas. Operations: Revenue rates and expenses remain in line with the previous figures, giving a monthly run-rate for operating profit, pre profit share, of £3.3m. Progress has also been made in harmonising the financial and IT infrastructure in CLIM and KIM. Estimates: With financial progress largely in line with expectations, we have only made small changes to our earnings estimates. Net outflows and exchange rate movements have led to small downgrades, with our 2021E EPS reduced by 0.6%, our 2022E EPS by 1.6% and 2023E EPS decreased by 1.5%. Valuation: Despite the recent good performance, the 2022E P/E of 13.1x remains at a discount to the peer group. The 2022E yield of 6.7% is attractive, in our view, and should, at the very least, provide support for the shares in the current markets. Risks: Although City of London has reduced its relative emerging markets exposure, it is still 47% of assets. It has proved to be more robust than some other fund managers, aided by its good performance and strong client servicing. Market volatility remains a risk, although increasing diversification is also mitigating this. Investment summary: Having shown robust performance in challenging market conditions, City of London is now reaping the benefits in a more supportive environment. The valuation remains reasonable. After a special dividend in FY’19, a dividend increase in FY’20, and with the EPS boost from Karpus in 2021, the prospects for future dividend increases look very good. https://www.hardmanandco.com/research/corporate-research/another-quarter-of-steady-progress/?dm_i=49CL,12381,VNXWR,4SWB6,1
masurenguy
21/4/2021
15:54
Am I missing the point. We are informed that mR Oliff wants to sell a large number of shares and at the same time it appears that the 'Company's Employee Benefit Trust' are buying! Can't they do a deal?????????/
eggbaconandbubble
20/4/2021
07:44
Key points. 1. At 31 March 21, FuM were US$11.1bn (£8.0bn) compared with US$11.0bn (£8.0bn) at 31 Dec 20. 2. Strong investment performance across investment strategies largely due to good NAV performance. 3. The Board will announce the final dividend on Tuesday 13 July 2021 in its pre-close trading update.
masurenguy
20/4/2021
07:02
Funds Under Management - 31/3/21 - Trading Update. https://uk.advfn.com/stock-market/london/city-of-london-investment-CLIG/share-news/City-of-London-Investment-Group-PLC-Funds-Under-Ma/84862976
skinny
22/3/2021
22:41
Interactive Investor, CLIG dividend in account same day, although it will say pending you can invest it.
montyhedge
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