City Of London Investment Share Discussion Threads

[masurenguy] 10/7/2022 11:33

Good analysis and incisive post Mayn. I think that your summary conclusion warrants repetition. This remains one of my top 5 holdings although I reduced my position recently as part of an overall strategy of moving into circa 50% cash. This was only to establish an opportunist cash position to take advantage of prospective lower shareprices in the overall marketplace later this year.

"Rough market conditions during the subsequent H2 will test CLIG’s investments, with FuM dropping 13% to below $10b not indicating obvious outperformance. A wonderful 49% margin and net cash of £25m funding a welcome £7m special dividend suggest the accounts can survive any further market weakness. Although the possible P/E is 11 and the yield tops 7%, the shares have been rated modestly for years as major new clients remain extremely elusive. I continue to hold."

[tmfmayn] 10/7/2022 10:47

CITY OF LONDON INVESTMENT: FuM Drops 13% To Below $10b After H1 2022 Discloses 49% Margin, Welcome Special Dividend And (Finally!) Some New Client Money #CLIG

"Rough market conditions during the subsequent H2 will test CLIG’s investments"

[eggbaconandbubble] 08/7/2022 17:35

Why is 400p a support level?

The real issue here is that B Olliff and his chums have put a ceiling on eventual share price growth.

[waldron] 08/7/2022 17:19

GOOD LUCK Dud

worse case scenerio it seems a fall toward the 400p support

[dudishes] 08/7/2022 17:08

Closed AZN today after 13yrs!

Short VRS remains.

Closed all others, but held onto CLIG, not exactly sure why? A whim or a way?

Catch a fishy? Hope not a falling knife?

[montyhedge] 05/7/2022 09:17

eggs
Dream on, dividend final 23p my forecast.

[dudishes] 30/6/2022 18:41

Sticking for now.

[la forge] 30/6/2022 08:42

might it fall to the 400p support level before retracing

[la forge] 30/6/2022 08:38

Upcoming events on CITY OF LONDON INVESTMENT GROUP PLC


September/19/2022 FY 2022 Earnings Release (Projected)

[dudishes] 29/6/2022 17:55

In @ 430, losing already, despite Walders ramp! Hic!

London init, daft not to make dosh what?

[waldron] 29/6/2022 08:22

YEP DIVI LOOKS REAL GOOOOOOOOOOOOOD



Ex-div date 13 Oct 2022 (Thu)

Pay date 28 Oct 2022 (Fri)


SP seems presently fairly priced with hopefully an upward tendency as results date approached during September

[montyhedge] 13/6/2022 07:49

Final dividend in Sept looking for 23p-24p.

[topvest] 12/6/2022 19:22

The business model of CLIG is very sound. They should continue to prosper, as the DNA of CLIG is still in place. Barry has transitioned over the last decade to get to this point.

[eggbaconandbubble] 12/6/2022 07:21

Masurenguy - you're living in the past. Investment is all about what's happening now, and the future.

[fordtin] 08/6/2022 16:23

Anyone know why IG have CLIG trading status as "call to close"?

[irenekent] 11/5/2022 07:28

Mguy spot on!

[masurenguy] 10/5/2022 18:43

RLOL - Barry Olliff owned 20% of the shares 10 years ago and has subsequently sold nearly 90% since then and now hold circa 2.4%. He has received over £20m from share sales plus around £12m in dividends during that period. He has nothing whatsoever to "rue" in relation to some small scale trading here over the past couple of years. You just continue to make a fool of yourself here with your lack of knowledge in relation to the integrity of the management and the money that they, and many long time shareholders, have made over the years !

[eggbaconandbubble] 10/5/2022 18:04

Mr Oliff et al must be rueing their greed!

[nobbyx] 26/4/2022 13:36

Indeed, monty.
We'll soon find out how much ClIG was Barry and how much Barry was ClIG.
That said, the CLIG directorship appear to have been very aware of the ramifications of this change at the top and appear to have taken great care to ensure a smooth transition from Barry to post-Barry.

[montyhedge] 26/4/2022 13:01

Barry still has a significant holding, he will be keeping an eye on things from a far, I bet. He has been superb for the company.

[topvest] 26/4/2022 10:03

Good net flows all things considered. Barry finally retiring then, but lots of thought and process behind the transition, which must have taken best part of 10 years all in, and 2 attempts. Happy to hold for better times.

[eggbaconandbubble] 26/4/2022 09:09

I wouldn't be so sure about that!

[robsy2] 26/4/2022 07:53

steady as she goes.