City Of London Investment Share Discussion Threads

[robsy2] 06/4/2022 16:59

This is very perky of late, especially in comparison to a lot of the other stuff i hold….

[james188] 25/3/2022 18:26

Ditto. Interactive Investor are the best platform that I use for prompt dividend payments credited to the relevant account. HL usually credit mid afternoon and some others are more dilatory. There is really no excuse for such delay, which matters if you want to reinvest at leisure the same day.

[montyhedge] 25/3/2022 18:02

That's bad, received in my account first thing, with interactive investor.

[nobbyx] 25/3/2022 17:14

Wish I'd received my dividend today!
I'm with Halifax Share Dealing.

[mister md] 25/3/2022 15:05

chunky dividend received - always a nice surprise, had forgotten about the additional special dividend

[skinny] 25/3/2022 13:22

Also been here since 2013.

Dividend received at HL.

[blueliner] 25/3/2022 12:54

Agree SM, if only others I hold were as consistent.
Invested my first lot the same time as you. All paid off now, never sold one share. Historical yield 12.5%, my biggest dividend payer. Only regret was couldn't be squeezed into my ISA at that time.

[strollingmolby] 25/3/2022 12:08

Yes, I've seen that I have received mine at AJ Bell. Looking at my records I see I first invested here in early 2013, and with today's divi I have just passed through receiving 100% of my original purchase price in divis. What a fabulous investment, and with capital appreciation of 72% as well at today's price!

[warrior boy] 25/3/2022 10:36

Divvy due today.

[montyhedge] 22/3/2022 14:53

Seems CLIG missing the party on the index, don't mine dividend reinvestment Friday, want them cheap has possible.

[masurenguy] 16/3/2022 00:28

US economy flashes a recession warning sign

Surging oil and gas prices have raised recession alarm bells around the world. But another economic indicator is starting to look ominous: The yield curve is flattening. Wall Street closely watches the difference, or spread, between short-term government bond yields, most notably the 2-year Treasury, and longer-term bond rates like the 10-year Treasury. As that spread diminishes, investors worry that the yield curve could eventually invert, meaning that short-term rates would be higher than long-term yields. As of Friday, the difference was just 0.25%, with the 10-year yield at around 2% and the 2-year yielding 1.75%. The gap widened a bit Monday, as the 10-year rose to 2.1% and the 2-year yield was up to about 1.82%, making the spread 0.28%.

Inverted yield curve often occurs before recessions

An inverted yield curve has often been a potential recession signal. The yield curve inverted in 2019 before the 2020 Covid-induced recession. It also did so in 2007 before the 2008 Global Financial Crisis/Great Recession. And it inverted in early 2000 right before the dot-com/tech stock meltdown. US Labor Secretary Marty Walsh told CNN's Poppy Harlow that a recession is "a real likelihood" but he added that "we have a very strong economy" and noted that the job market in particular is healthy. When investors want higher rates for short-term bonds, it's an indication that bondholders are nervous. Typically, rates for long-term bonds are higher because you have to wait longer to get paid back.

The Federal Reserve, which is widely expected to raise interest rates later this week, may be careful to not raise rates so aggressively that short-term yields increase even further and wind up flipping the yield curve. Although geopolitical tension could be distorting prices, inflation pressures were already building before the Russian attack on Ukraine. "Russia/Ukraine is only pulling forward the natural slowing in the economy that would have occurred as the Fed tightened policy," said Tom Essaye, founder of Sevens Report Research, in a note last week. Essaye argues that Fed rate hikes and a slowing economy would have likely led to an inverted yield curve at some point later this year even if Russia and Ukraine weren't in the headlines. "The looming rate hikes (which are still coming) will combine with the growth slowing impulse of higher commodity prices and higher inflation to bring a sooner than previously expected slowing of growth," he said.

"The recession drumbeat is gaining in volume," Nancy Tengler, CEO and CIO of Laffer Tengler Investments, said in a report. "Of course there are many reasons to be concerned. Soaring inflation, rising energy costs, an almost sure recession in the Euro Zone and a dangerously flat yield curve." "Never mind that the yield curve is being distorted by a massive flight to quality," Tengler added. "An inversion is an inversion."

[nobbyx] 14/3/2022 11:32

Who's to say CLIG's share price won't be back down to £4 or so within the week or fortnight? Such ups and downs are just exaggerated price movements based on small sales volumes in a narrow market. Good for anyone who can get a good buy at an opportunistic moment, but not a significant indicator of CLIG's underlying value, worth or prospects.

[2wild] 14/3/2022 09:13

This time last week I paid 397p, they're now paying 474p. The best part of a 20% rise in a week is some going. Especially as nothing much has changed, if anything things are getting worse.

[montyhedge] 11/3/2022 09:48

I was hoping to get these for around 400p on dividend day 25th March for dividend reinvestment. Looks like that's gone out the window.

[bothdavis] 09/3/2022 16:54

Always nice to see a board member buy into their company.....onwards and upwards!

[montyhedge] 09/3/2022 15:14

Barry knows a bargain when he sees it.

[speedsgh] 09/3/2022 13:00

I see Mr Olliff has helped himself to another 10,000 shares at 400p...

[james188] 08/3/2022 16:30

I agree with that, Monty. Just to observe that 2 years ago, we were just starting to realise the full impact of COVID and the Karpus deal had not been announced. In any event, the CLIG share price has always bounced around and trading is often pretty thin. You just have to be patient when adding (or selling).

[montyhedge] 08/3/2022 16:08

I did been in this years from 280p probably 10 years. Superb dividend performer.

[nobbyx] 08/3/2022 15:59

Monty, less than two years ago you could have bought CLIG shares for less than three quid.

[montyhedge] 08/3/2022 10:32

Never thought I would see this price. Please hold around 400p until 25th March, dividend reinvestment day.

[montyhedge] 07/3/2022 21:41

I see Gazprom paid their bonds today in dollars.https://www.nasdaq.com/articles/russias-gazprom-bondholder-says-received-payment-on-%241.3-bln-bond

[creme de menthe] 07/3/2022 21:33

Thanks Panshanger. JRS is a pretty small fund and CLIG exposure is around £12m only, but depends whether it is hedged in any way. I guess if Oliff buys a chunk he is pretty clued up.

[montyhedge] 07/3/2022 21:26

Good risk management, I would have thought more investors would turn to a company knowing what they are doing, a lot of private investors losing money trying to run a portfolio themselves.