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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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 0.96% | 315.00 | 315.00 | 324.00 | 322.00 | 310.00 | 310.00 | 235,219 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 58.48M | 14.74M | 0.2908 | 11.07 | 163.19M |
Date | Subject | Author | Discuss |
---|---|---|---|
23/11/2021 15:48 | I doubt that price fluctuations here have anything whatsoever to do with Barry Olliff. He has retired and has been reducing his holding here over the past several years. In 2012 he held 13.9% and since then has disposed of over 80% of his shareholding via his publicly announced exit strategy in the lead up to his retirement. Today he holds just circa 2.4% and therefore he has no need to review his strategy to dispose of any of that residual shareholding. | masurenguy | |
22/11/2021 16:27 | He should up it to 600p, we will get there in the end. | montyhedge | |
19/11/2021 13:42 | I'm certain it IS because of the Barry Oliff situation. Someone has likely made a booboo. Or have they? If it was a genuine mistake I imagine something would have been done about it by now. Thus I summise that it was done for a reason! BWTFDIK | eggbaconandbubble | |
19/11/2021 12:40 | Masurenguy - I'm similar - happy to hold for the yield until something fundamental changes - average price 235.40p. | skinny | |
19/11/2021 12:30 | Good post, I been in since 280p, been one of my best isa investments.They can't get pass this 550p barrier for some reason. Surely it's not because of Barry. If I had the money I would buy his stake. | montyhedge | |
09/11/2021 09:15 | Masurenguy, Many thanks for your considered opinion and will give it some through before I decide. | vfast | |
09/11/2021 08:31 | vfast - everyone must make their own judgement call on when, and what price, to Buy or Sell. My view is coloured by the fact that my average share cost is currently circa 350p so if I were to add a further 10% to my existing holding it would only increase my average share cost by circa 4% but would also reduce my overall yield from 9.4% to 9.0%. Consequently, as a long term shareholder, my decisions here are now primarily balance and yield based - i.e. the size of my CLIG holding within my overall portfolio and my other yield options - rather than skewed toward capital risk as the current market price is nearly 50% above my average cost. New investment at the current price will produce a yield of circa 6.3% and this could increase with further dividend hikes in the future. I currently view CLIG as a good long term hold for me, but that relates to my own particular circumstances and does not constitute investment advice to anyone else. That is really all I can say at this time. Good luck. | masurenguy | |
08/11/2021 23:54 | Wishful thinking. No more no less! | eggbaconandbubble | |
08/11/2021 21:35 | Masurenguy, Can you give me your opinion on CLIG at the present offer price 516p? Looking at buying a few shares. I was a shareholder a few years ago and did well however I sold but may get back in. Interest rate will go up and will effect the pound to dollar relationship which lead to a stronger pound. | vfast | |
08/11/2021 18:35 | Pure speculation, without any news sources ! | masurenguy | |
08/11/2021 17:10 | 750p sounds about right - a slight run up from here, caused by those in the know buying, then +40%. Would be sweet though! | eggbaconandbubble | |
08/11/2021 15:30 | Wonder if City could be takeover target, seems consolidation in the finance industry. Aberdeen taking over Interactive Investor. I know City not a broker but once Barry sold you never know. I would be tempted at 750p. | montyhedge | |
29/10/2021 13:42 | Dividend received :-) | skinny | |
26/10/2021 13:35 | Yeah! OK. I bought them because of the good divi and a steady track record, but it's a bit of a bummer waiting for his nibs to off load his lot before we see any price/value increase which of course is now all the more important as we are seeing inflation roaring in. | eggbaconandbubble | |
26/10/2021 11:25 | Another superb dividend in the bank this Friday, don't you just love this stock for income. | montyhedge | |
14/10/2021 07:37 | The 4.4% overall decline in CLIM's FUM was more or less commensurate with the tracking MSCI indexes while the KIM FUM was almost flat with a 1% decline. | masurenguy | |
14/10/2021 07:02 | . TRADING UPDATE City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds, announces that on a consolidated basis, as at 30 September 2021, FuM were US$10.9 billion (GBP8.1 billion). This compares with US$11.4 billion (GBP8.3 billion) as at 30 June 2021. A breakdown by strategy follows: FuM ($ million) Strategy Index Sep-21 Jun-21 % Net % (estimate) inc/dec Flows inc/dec EM 4,937 5,393 (8%) (130) MSCI EM Net TR (8.1%) KIM 3,890 3,919 (1%) 0 Not applicable INTL 1,840 1,880 (2%) (34) MSCI ACWI ex US (3.0%) ACWI/Barclays Global OV 229 231 (1%) (3) Agg (0.9%) Other* 22 26 (14%) (5) 10,918 11,449 (172) ----------- ------- ------ * includes Frontier, REIT and seed investments Funds under Management figures are rounded IM Performance Solid performance across CLIG's investment strategies resulted from positive country allocation and good NAV performance at the underlying closed end funds. Discount effects were slightly negative. Over the period, there were net outflows of circa US$172 million across the Group's strategies, primarily due to ongoing client rebalancing in the emerging markets strategies after strong gains last year. Business development will focus on EM, International, Opportunistic Value strategies, and KIM balanced mandates, where additional capacity is now available for prospects. Operations The Group's income currently accrues at a weighted average rate of approximately 73 basis points of CLIM's FuM and at approximately 76 basis points of KIM's FuM, net of third party commissions. "Fixed" costs are c. GBP1.6 million per month, and accordingly the current run-rate for operating profit, before profit-share is approximately GBP3.3 million per month based upon current FuM and a US$/GBP exchange rate of US$1.3474 to GBP1 as at 30 September 2021. Dividends The final dividend of 22 pence per share, subject to approval at the AGM on 18 October 2021, will be paid on 29 October 2021, bringing the total dividend for the financial year 2020-21 to 33 pence (2019-20: 30 pence). For further information, please visit or contact: Tom Griffith, CEO City of London Investment Group PLC Tel: 001-610-380-0435 Martin Green/Pippa Hamnett Zeus Capital Limited Financial Adviser & Broker Tel: +44 (0)20 3829 5000 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END | skinny | |
12/10/2021 08:57 | For me, I'm still accumulating so don't want to pay more than 550p. | montyhedge | |
12/10/2021 08:54 | Why thank someone for keeping the share price down????? Better 650p tomorrow than next year! I'm glad you're not my financial adviser. PS. I think vitually everyone in this game has made amazing investments at one time or another. Most choose not to blast off about it! It's called manners and common courtesy. | eggbaconandbubble | |
12/10/2021 08:31 | We should thank Barry for keeping a lid on the shareprice we know we won't pay more than 550p, nice to still accumulate in an ISA when funds allow. When his sold out, I see 650p.I been in this since 280p, best share ever, apart from my Clarkson Plc the shipping broker, 18 years of consecutive dividend rises. | montyhedge | |
11/10/2021 16:11 | Yes - 07/10/2021, 08/10/2021, 29/10/2021. | skinny | |
11/10/2021 16:09 | I assume we're trading XD currently? 22p too. Think it was the 7th? | stun12 | |
08/10/2021 10:06 | #2830 - good post. | masurenguy | |
08/10/2021 09:49 | We know he has a set number to sell at 550p so any that aren't going through the market makers will be the house broker placing them with anyone who wants them. An institution or HNW will never get a material amount from the market so they will be happy to pay a small premium to the quoted price to get the volume. Particularly since it helps clear a known overhang. | dangersimpson2 |
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