City Of London Investment Share Discussion Threads

[montyhedge] 28/2/2023 10:28

We have held these for years been one of my best investments. I got a feeling they may get taken over, what price is your guessimate if someone come in for them. Karpus stepping back this year, of course big stake.Any thoughts?

[montyhedge] 22/2/2023 15:53

Nothing new has we expected, interim 11p dividend, I would say final dividend 23p.

[skinny] 22/2/2023 07:01

HALF YEAR SUMMARY


- Funds under Management (FuM) of US$9.2 billion (GBP7.6
billion) at 31st December 2022. This compares with US$9.2
billion (GBP7.6 billion) at the beginning of this financial
year on 1st July 2022 and US$11.1 billion (GBP8.2 billion)
at 31st December 2021
- FuM at 31st January 2023 of US$9.8 billion (GBP8.0 billion)
- Net fee income representing the Group's management fees
on FuM was GBP27.3 million (31st December 2021: GBP29.8
million)
- Underlying profit before tax* was GBP11.7 million (31st
December 2021: GBP15.5 million). Profit before tax was
GBP9.5 million (31st December 2021: GBP13.6 million)
- Maintained interim dividend of 11p per share (31st December
2021: 11p) payable on 31st March 2023 to shareholders
on the register on 3rd March 2023

*This is an Alternative Performance Measure (APM). Please
refer to the CEO review for more details on APMs.


For access to the full interim report, please follow the link below:

[eggbaconandbubble] 08/2/2023 13:29

Maybe good for the yield but share price increase/capital gain here will remain stymid until BO. and his mates make their inntentions clear.

And stick to their promises!

[masurenguy] 29/1/2023 16:19

You could be right there Monty.

Investors pour money into emerging markets at near-record rate

Investors are piling into emerging market stocks and bonds at a near-record rate, as falling inflation and the reopening of China’s sprawling economy help reverse last year’s slide.

[montyhedge] 29/1/2023 14:54

Surely good news for CLIGhttps://www.ft.com/content/461eb3ab-5d7b-49c5-ac25-a5e06c97cf47

[alter ego] 29/1/2023 13:44

emerging markets

[montyhedge] 27/1/2023 19:11

FT today interesting article money pouring back into EM at record rate.
Can’t print article.

[masurenguy] 25/1/2023 07:57

Swings and roundabouts
25 Jan 2023

City of London is well-placed to grow organically. We believe the valuation remains reasonable. After the EPS boost from the Karpus transaction, the prospects for future dividend increases may be more market-dependent.

[montyhedge] 23/1/2023 10:30

Yes you’re right, I think this year the money will roll back into funds, 2022 was a bad year for funds under management almost for everyone in the industry, I would have thought
Do you think could be taken over, Karpus retiring, whats he’s stake 36% or may just be happy collecting a very nice dividend each year.
I’m happy sitting still, let the dividends compound.

[topvest] 20/1/2023 17:46

It looks well placed for emerging markets getting more of an allocation. Possible for 2023 with China reopening and weakening dollar.

[montyhedge] 20/1/2023 14:21

Oh ok goodbye then, good luck.

[montyhedge] 20/1/2023 10:16

I think it was all priced in the shareprice anyway, everyone in fund management had withdrawals I would have thought last year. Interim dividend 11p and I reckon final 23p.I thought update was good considering last year.Special dividend they seem to pay about every 2-3 years, a nice bonus of course.

[masurenguy] 20/1/2023 09:39

Annual dividend is still over 8% and should remain reasonable secure and they can't be expected to give a special dividend every year. Having said that I'm gratified to see that the shareprice has not been much affected by the fall in profit or reduction in cash.

[melton john] 20/1/2023 09:38

Me too jane, got a quote to sell a few but I thought better of it. Someone wants them and maybe thinks all the bad stuff is already priced in.

[janeann] 20/1/2023 09:21

Must say expected a drop today for the figures Masurenguy quoted and the lack of a special dividend.

[montyhedge] 20/1/2023 09:01

Dividend 11p that's spot on.

[masurenguy] 20/1/2023 07:47

FUM and interim dividend unchanged but interim profits down circa 23% and cash down circa 16%!

[robsy2] 20/1/2023 07:43

Steady as she goes I suppose?

[melton john] 19/1/2023 15:51

Steady as she goes then.
Jan19th last year divi announcement and trading update.

[skinny] 14/1/2023 13:35

50DMA homing in on the 200DMA.


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