City Of London Investment Share Discussion Threads

[my retirement fund] 04/10/2017 11:19

Tks, 12th Oct ex dividend - next Thursday

[skinny] 04/10/2017 11:15

Double top on the chart.

[my retirement fund] 04/10/2017 11:12

Does anyone have divi dates?

[spittingbarrel] 29/9/2017 11:28

Cheapest online offer is 432 and they are 425 bid so maybe BO has sold?

[vfast] 28/9/2017 20:33

Statement from the last results on September 18th Barry Olliff will sell:-

250k shares at 425p

250k shares at 450p

[madmix] 28/9/2017 20:01

"As a result, going forward, my intention is going to change from selling 500,000 Shares at 50p increments to selling 250,000 Shares at 25p increments.

This will mean that having recently sold 500,000 Shares at 400p, my next sale will be 250,000 at 425p subject to close periods etc."

[deanowls] 28/9/2017 19:48

Was it 425 or 450?

[vfast] 28/9/2017 16:53

I'm pleased to see the share price over 400p and looking strong. However Barry Olliffe is going to try and off load 250k shares at 425p which could restrict the share price in the short term.

I'm hoping BO has a buyer lined up for the shares.

There has been some consolidation in this sector and believe CLIG could be a target from a bigger player (may be just wishful thinking)

IMO DYOR

[masurenguy] 28/9/2017 10:27

Absolutely correct. The XD date is October 13 and the payment date is October 31.

[my retirement fund] 28/9/2017 10:24

450 ? When is dividend date?

[montyhedge] 28/9/2017 10:17

Still not ex div yet, nice 17p coming.

[montyhedge] 26/9/2017 16:23

Should settle around 450p.

[my retirement fund] 26/9/2017 16:01

Good to see some buying momentum

[nobbyx] 25/9/2017 15:11

The Chronic Investor says 'buy'. Hmm. Isn't it conventional wisdom that the prudent investor reads this journal in order to do the exact opposite to whatever it is they advise..

[my retirement fund] 24/9/2017 12:00

IC rate as a buy stating its excellent income at 6.3% yield.Where else can you get that?

[montyhedge] 23/9/2017 14:24

Great article Investors Chronicle said BUY.

[montyhedge] 23/9/2017 14:23

Great article in Investors Chonicle said BUY.

[my retirement fund] 22/9/2017 14:48

Looking perky

[montyhedge] 21/9/2017 09:49

Nice 17p divi on the way and tax free in the ISA.

[topvest] 18/9/2017 20:01

Yes, nice quality business here. Happy to hold. Good day for Impax and CLIG!

[masurenguy] 18/9/2017 12:38

Why this 6% yielder is on my buy list for September

"City of London Investment Group (LSE: CLIG) is an asset management group which invests at least 90% of its funds in emerging markets. The group’s pre-tax profit rose by 45% to £11.6m last year, while after-tax earnings rose by 58% to 36.9p per share. However, shareholders shouldn’t get too excited by these dramatic figures. Last year’s results were given a big boost by the pound’s fall against the US dollar, and by a reduction in the group’s tax rate. Neither of these factors is likely to repeat this year, in my opinion. So does the group’s underlying performance justify further gains?

A cash-backed 6.2% yield

City of London’s funds under management rose by 17% to $4.7bn last year. Although that’s less than the 24% gain logged by the group’s benchmark index over the same period, management says that this is a result of clients taking profits on their emerging market funds and shifting some money elsewhere.

What’s certainly true is that the group’s cash generation continued to be very strong. Net cash rose from £10.2m to £13.9m last year, meaning that 13% of the group’s £106m market cap is now covered by net cash. Cash reserves are now high enough to pay two years’ dividends at the current level of 25p per share. So the company should be able to pay a stable income through lean years as well as good years, providing more reliable returns to shareholders.

After today’s results, City of London Investment Group shares trade on a P/E of 11 with a dividend yield of 6.2%. In my view this continues to represent good value for investors looking for a long-term income. I’d be happy to buy at current levels."

[westcountryboy] 18/9/2017 11:09

Another mouthwatering performance in terms of cashflow. Divi v safe and is surely set to increase, as you say.

[stun12] 18/9/2017 08:34

Indeed. The 5-year rolling calculation based on dividend cover of 1.2x (currently 1.46x) should both bolster reserves and ensure further increases in the divi. Would take the divi to just over 30p on constant earnings.

[masurenguy] 18/9/2017 07:23

Stellar set of results with dividend yield on the current offer price of 6.25%, which is still a very attractive proposition for new investors. Longer term investors will be looking at a yield that is approaching 9% on their original investment. CLIG has previously maintained the dividend during some past leaner years by subsidizing it out of reserves and the increased profits are now providing the opportunity to rebuild them.