City Of London Investment Share Discussion Threads

[rcturner2] 09/8/2018 08:18

Thanks gents. I am back in this morning.

[rogerbridge] 08/8/2018 16:30

Not as much $USD debt as the previous calamity for the emerging markets and the best time to buy is when there is blood on the streets. We may not be there yet, but I am getting ready to top up here.
A good way into EM's and a great divi. Timing is everything though.

[davebowler] 08/8/2018 16:26

Seems a good buy at this price.

[my retirement fund] 08/8/2018 16:17

Only Barry buying would tempt me in early. Hes a shrewd cookie and has a buying and sellng track record to match.

[cockerhoop] 08/8/2018 15:41

RCT,

On the valuation metric I've run monthly on CLIG since 2011 it is now the best value it has ever been during that period (beating April 13 when the price was £2.50 & July 16 when the price was £2.97 & Barry was buying!) I've acted accordingly :-)

Exchange rates are very favourable. Perhaps there are emerging market concerns regarding Trump tariffs but this is not reflected in the MSCI EM Index which is stable currently.

[stun12] 08/8/2018 15:15

Last trading update was a wee bit mixed with the EM strategy underperforming its peers and ending virtually unchanged from the previous period. Its other products are doing very well however with decent inflows. The final divi announcement brings the total for the year to 27p, a 7.25% yield at the current price.

I'm glad you asked though, as my quarterly SIPP injection is due shortly and the yield is irresistable...provided there isn't something nasty lurking.

[rcturner2] 08/8/2018 15:05

Can anyone shed light on why the share price has gone into reverse?

[raggedtp] 08/8/2018 14:53

Well, humming and hahing (?), I have just bought some at 372. Wonder if I should have bought more?

[masurenguy] 06/8/2018 13:45

raggedtp - I can tell you this. I have owned this stock for 8 years and my average cost price is 288p. Currently the shareprice is 380p which represents a 32% gain. However during that period I have also received 200p in dividends, which constitutes a 70% return on my investment in yield terms.

Of course the old investment cliche is "Past performance is not indicative of future performance" so of course you must undertake your own evaluation and make your own personal investment decisions.

[raggedtp] 06/8/2018 13:32

Last comment, ebab -the debate is too heated and losing us friends. Our children need us to work together as much as possible; I feel we're still too self-satisfied a nation.

But certainly, masurenguy. I did actually come on to see what people thought of CLIG, because I'm tempted at this level. SO tricky when they are a people business, and people walk. I have held Cenkos in the past, sometimes up, sometimes down, but the forecast div to CLIG at this price is luring me, I hope not over the rocks.

[raggedtp] 06/8/2018 10:37

"The true entrepreneurs/businessmen are the ones supporting Brexit. Such owners of small to medium sized companies realise the great potential of being outside the EU. Being able to trade with world markets not just europeans who essentially make and provide the same services as the UK does. It is these companies who will grow to be the future large companies driving the UK's economy."

Just curious; are you one of these? I was until recently, definitely not a Brexit supporter, and, being a medium-tech manufacturer of course we traded with world markets. I was a dinosaur in 2000, when banking or software was all people thought Britain had to do. But we grew export to 70%+ of sales, to about 40 countries, and with it were nearly 70% of the jobs we had to offer. I was approached about 20 times by Chinese firms to outsourse our manufacturing to them, "to make my life easier, reduce labour headaches." Nothing prevented us from world exports then, and being in or out of the EU won't prevent the people I have left trading with the EU either. It will just be a bit more expensive and time-consuming to process shipments, making the EU no easier than anywhere else. It IS easier now; it WON'T be easier afterwards. In other words, it will cost my old muckers more effort and money to manage to appear to be as local as before.

There is so much generalised extrapolation that it confuses those without direct experience. Whether you're like me or not, I sold very effectively in the EU, partly because they trusted us to be in sympathy with their needs and desires more than, say, the Chinese. What is happening is that that trust is being lost, which is very sad. Surely it is better for people of all nations to work together and appreciate their similarities more than their differences? That is what prevents war on the Continent and will help us combat transnational problems like climate change.

Oh, and we had a US subsidiary managing final ('local') packaging. We had to, and we employed a handful of US and Canadian citizens to do so. I have seen numerous failures by British firms thinking the US was basically the same as us. I promise you, no US trade deal under the current administration is going to be an improvement overall for Britain, as Mr Trump wishes to demonstrate a 'win' for 'his side'. Unless, of course, he makes an edict to do things like buy steel from us rather than anywhere else. But why would he do that?

[asmodeus] 06/8/2018 07:50

Well said ebandb. Matches my own opinion entirely.

[eggbaconandbubble] 05/8/2018 17:23

Blimey mate, who rattled your cage?

[topvest] 04/8/2018 17:54

Quite a pull back here. Still happy to hold myself. A quality business.

[tim 3] 01/8/2018 09:25

Yes thats true I got well inside the spread too.just as well!

[stun12] 01/8/2018 09:16

Indeed. I bought a few more to add to a 366p holding yesterday. The quote was 380 - 392, though as there was seemingly some stock around I ended up paying 387 or so.