City Of London Investment Share Discussion Threads

[nobbyx] 07/3/2022 20:06

Thanks, you guys, for your reassuring information. Much appreciated..

[panshanger1] 07/3/2022 20:00

Holding(s) in Company https://www.hl.co.uk/feeds/apps/rns?id=32506266

[otemple3] 07/3/2022 19:54

From CLIG website: As a result of the Russian invasion of Ukraine, we would like to update CLIG shareholders, that the Group has no direct exposure to Russian securities whilst the combined exposure of the two operating subsidiaries, CLIM and KIM, to Russian securities on a see-through basis was approximately 0.25% as at 3 March 2022. Both CLIM and KIM invest predominately in global equity and fixed income markets via closed-end funds. Both CLIM and KIM have robust risk management processes in place to ensure full compliance with regulatory sanctions.The Group's Funds under Management as at 28 February 2022 was $10.4bn.

[creme de menthe] 07/3/2022 19:52

"As a result of the Russian invasion of Ukraine, we would like to update CLIG shareholders, that the Group has no direct exposure to Russian securities whilst the combined exposure of the two operating subsidiaries, CLIM and KIM, to Russian securities on a see-through basis was approximately 0.25% as at 3 March 2022. Both CLIM and KIM invest predominately in global equity and fixed income markets via closed-end funds. Both CLIM and KIM have robust risk management processes in place to ensure full compliance with regulatory sanctions.

The Group’s Funds under Management as at 28 February 2022 was $10.4bn."

[nobbyx] 07/3/2022 19:46

Thanks, pans. I didn't know this. I'll do the research - like take a look on the net - on this. As a small punter I expect all news is in the price by now.

[panshanger1] 07/3/2022 19:34

What concerns me here is emerging markets in general ( the area of expertise here)To my knowledge CLlG are the biggest shareholder in JP Morgan Russia for example which has tanked and may get written down further Will clients of this company start pulling their funds and retrench as this crisis unfolds

[nobbyx] 07/3/2022 19:21

Indeed, bothdavis.
A case of all boats sinking when the tide goes out...not a judgement on the merits or the proper valuation per se of CLIG shares...
Personally I have got the funds to buy more CLIG shares. The problem is that CLIG is already one of the two largest holdings in my portfolio. My heart says (especially at this price) buy more - my head cautions against this, advising 'never fall in love with a share' or perhaps in the case of CLIG not too much in love with one. Diversity of investment - over time - is never a bad idea. Perhaps not the best, but never 'bad'.

[bothdavis] 07/3/2022 16:17

eggandbaconbubble: I have only recently purchased some of these shares.

Surely the recent shareprice movement from £5.20 to £4.00 is Ukraine war reaction?

Nothing more nothing less!

When I have extra funds I will top up, none at the moment........

[montyhedge] 07/3/2022 14:05

I will reinvest my dividend 25th March wish I could buy now at this price.

[masurenguy] 07/3/2022 12:53

I don't have any losses here you complete cretin and I have made substantial profits since I first invested. My average cost is below 350p and when the 24.5p dividend is paid in a couple of weeks time I will have received 368p in dividends to date. You are clearly utter clueless as an investor and you know nothing about the calibre and integrity of the management of this business either.

[eggbaconandbubble] 07/3/2022 12:29

Oh golly gosh, I am so sorry! I shall leave you in peace to nurse your losses.

PS. Blackfinances - Believe me, I have inadvertently saved myself far far more than a few ton, chum!

[masurenguy] 07/3/2022 12:15

eggbaconandbubble - 2950: What drivel?

The only drivel here is the childish and completely scurrilous allegations that you are making here. Other long term investors understand that you are talking out of your rear end and will just ignore the utter drivel that you continue to post here.

[blackfinance] 07/3/2022 11:31

Lol - I'm pleased you made a few hundred quid mate...good on ya! When you want to join the grown ups come back to me! Have a nice day.

[eggbaconandbubble] 07/3/2022 11:01

Meaning? You want me to explain yet again how B.O. et al. have stated quite catagorically that they will do one thing then totally contradict themselves?

Share price circa £5.2 down to £4 or below says quite a lot.

I always avoid saying that I bought/sold etc. and have made loadsamoney as many do on these bbs. But on this occasion I will....

I sold most of my holdings around £5.1 - £5.2. But not quite all, and that irks me . But what really gets my goat is - and I've seen this so many times over the years - is posters who appear to be knowledgeable and conversant etc. subtly ramping up particular shares and eventually causing loss and distress to those less capable and maybe even more vulnerable.

Actually, and I will be totally truthful here - the reason I sold most of my holding was that Barry Olif had announced a programme for selling this sahres at various prices the next being £5.50 which effectively put a cap on the share price As a result I saw better opportunities elsewhere.

When both B.O. and others then proceeded to purchase a huge wad of shares circa £4.75 I smelled something I didn't and still do't like.

So I've put up. And I will shut up if you too shut up instead of eulogising about a share that has recently lost about 25% of its value.

[blackfinance] 07/3/2022 09:42

eggbaconandbubble - put up or shut up.

[eggbaconandbubble] 07/3/2022 08:04

What drivel?

[masurenguy] 05/3/2022 13:40

eggbaconandbubble - 2943: Be very careful mate. Barry Olif and his cronies are playing tricks here. They promise one thing and do another.

This poster has previously made utterly scurrilous insinuations about Barry Olliff and the board without any evidence or credibility whatsoever. Sensible investors will just ignore such drivel.

[masurenguy] 04/3/2022 19:30

There won't be any Russian withdrawl from the Ukraine next week, next month or next year. CLIG could have further to fall as market sentiment continues to turn negative with 7% inflation, increasing interest rates, rising energy costs, chip shortages and the fallout from Russian sanctions. We could finally be on the cusp of a bear market.

[2wild] 04/3/2022 16:22

Not suggesting they will go to 250p, just think probably has further to go or maybe Russia withdrawal next week.

[montyhedge] 04/3/2022 14:36

I can't see that, different and bigger company now, 7% yield that's without specials. I will reinvest my special and normal dividend 24.5p, thinks it's paid 25th March.

[2wild] 04/3/2022 14:33

Tempting to buy her now. Although after the previous Black Swan event 2 years ago, CLIG eventually fell blow 250p at one point. I'll hang fire for now.

[flyer61] 04/3/2022 09:12

Can only assume with what knowledge I have that the market does not like the 'emerging markets' exposure.

[eggbaconandbubble] 04/3/2022 08:58

Be very careful mate. Barry Olif and his cronies are playing tricks here. They promise one thing and do another.

[scottishfield] 04/3/2022 08:54

Blimey what a drop on v small volume. top up time soon.

[scottishfield] 03/3/2022 16:00

I shall reinvest my divi.