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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
City Of London Investment Group Plc | LSE:CLIG | London | Ordinary Share | GB00B104RS51 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.32% | 315.00 | 307.00 | 323.00 | 315.00 | 315.00 | 315.00 | 16,997 | 13:47:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 58.48M | 14.74M | 0.2908 | 10.83 | 159.64M |
Date | Subject | Author | Discuss |
---|---|---|---|
16/7/2019 06:44 | Pre-close update. FUM up 6% but eps down by 13.2% presumably due to the Developed, Opportunistic Value and Frontier strategies all recording an underperformance due to a combination of negative NAV and country allocation effects. Final dividend of 18p (unchanged) = 27p for the year (unchanged) without taking into account this years special dividend. Main points: *Funds under management were US$5.4bn (£4.2bn) at 30 June 2019 (2018: US$5.1bn or £3.9bn), representing a 6% increase in US$ terms for the year. *The Group's overhead for the year to 30 June 2019 is expected to be £12.9m (2018: £12.5mn) and the current monthly run-rate is c £1.1m. *For the year to 30 June 2019, the Group expects that pre-tax profits will be approximately £11.4mn, including NCI profit of £0.2m, (2018: £12.8mn, NCI nil). Profits after an anticipated tax charge of £2.4mn (21% of pre-tax profits) will be approximately £9.0m (2018: profits of £10.1m after a tax charge of £2.7m, representing 21% of pre-tax profit) of which £8.8m will be attributable to shareholders of the Company. Basic and fully diluted earnings per share are expected to be 34.9p and 34.1p respectively (2018: 39.5p and 39.3p). *The Board is recommending a final dividend of 18p per share (2018: 18p). Therefore total dividend payment for the year 40.5p, including the special dividend of 13.5p paid in March (2018: 27p, special nil). Dividend cover, excluding the special dividend, equates to 1.3 times (2018: 1.47 times). | masurenguy | |
15/7/2019 15:59 | 439 is a 12 month high. | skinny | |
13/7/2019 16:32 | My experience, rather than my opinion, is that it does 'compute'. The point being the actual prices quoted for a bargain on NEX are nowhere near their nominal Bid/Offer prices - they are much keener than that. After all, if they can't quote better than the LSE at least some of the time no broker would use them and they'd be out of business. When I want to place either a buy or sell order my broker guarantees to find the best quote at that moment. It looks on both NEX and the LSE. Some days one market gives a better price, on another day it's the turn of the other. Presumably your broker does the same? | nobbyx | |
13/7/2019 15:34 | ...does not compute, IMO. pvb | pvb | |
12/7/2019 15:19 | Spreads on NEX are wider. Doesn't matter. The actual bargains going through are not out at the extremes of the spreads - they are close to the midpoint. | nobbyx | |
11/7/2019 16:22 | nobbyx 11 Jul '19 - 13:03 - 2262 of 2264 PVB, the'main problem'? What problem is that? Like the LSE NEX is just a market place. If a broker receives a Buy or Sell 'At Best'instruction from a client they will go both to the LSE and NEX in order to find the best deal at the time. The client is perfectly free to accept or reject the quoted price. Look at the SPREADS on NEX vs LSE. | pvb | |
11/7/2019 16:18 | Thank you Masurenguy. | nobbyx | |
11/7/2019 14:45 | The 30 June 2019 year end pre-close trading update is due to be published next Tuesday. This will be followed by an investor presentation on Wednesday. | masurenguy | |
11/7/2019 12:03 | PVB, the'main problem'? What problem is that? Like the LSE NEX is just a market place. If a broker receives a Buy or Sell 'At Best'instruction from a client they will go both to the LSE and NEX in order to find the best deal at the time. The client is perfectly free to accept or reject the quoted price. Yesterday the first trade (on the combined markets) was at 08:02 at 424.4. Last trade at 16:29 was 424.0. No crazy volatility there. The lowest trade of the day was at 412.0. Whoever accepted that quote, unlikely to have been other than a seller, would have been well advised to have rejected it. If prices appear volatile it is because of a thin market in the tightly-held shares of a small company. The presence of NEX as a second market is likely to decrease not increase wild intraday swings in price. | nobbyx | |
10/7/2019 23:38 | It's the damn transactions that go through NEX that look like the main problem. Ouch! | pvb | |
10/7/2019 13:12 | I can never work out the exact price of these but as you say most likely at year's high........breakout | eggbaconandbubble | |
10/7/2019 12:03 | High of the year @430p. | skinny | |
09/7/2019 13:30 | we are not like that dreadful fellow with the ill-liquid funds | chairman2 | |
09/7/2019 08:40 | City of London Investment Group - Strong Capital Position with Reliable Dividend Stream Robin Savage, Research Director, Zeus Capital. City of London focus on building products that reflect its expertise. Initially that expertise was very specific to Closed-End Funds (CEFs) which offered emerging markets exposure. This was subsequently complemented by applying unrivalled knowledge of Closed-End Funds around the world to the creation of a Developed Markets CEF strategy, a Frontier Markets CEF strategy and a Opportunistic Value CEF strategy, using a similar investment process. While they remain proud and protective of their “boutique&rdqu CLIG have a very strong capital position, with no debt and over £18m in cash as at the end of June. Any sterling weakness due to Brexit is positive for CLIG since most of their investments are in $US. | masurenguy | |
02/7/2019 10:14 | A very wide Bid/Offer spread earlier this morning. At 10:20 it was 347/467! Can't remember a wider one. Meaningless of course in reality. The trade of 257 shares which went through at 10:21 was at 408.50 - almost the midpoint of the quoted spread. | nobbyx | |
26/6/2019 20:38 | the bid offer is so wide on this one, even a small number of shares trading at the close causing some odd swings in p&l. Personally I'd prefer to see excess cash placed into share buybacks a la US style rather than special dividends. Backstops the stock in times of stress and just think a tailwind for the share price generates more of a buzz for all stakeholders unlikely a dividend - not that it should matter in economic terms but just my 2p. Couple of 10k block buys this month sub-410 from the company - I think it will take a lot for us to go below here as they're drawing a line in the sand. 410.5p bid anyone ;-) | pyufak | |
26/6/2019 16:25 | www.londonstockexcha | gdcox | |
26/6/2019 16:22 | www.londonstockexcha | gdcox | |
26/6/2019 16:18 | Massive value yesterday but not volume. What! £220 million;; more than twice the Cap of the company. Sadly it seems the price today went up because of a SE error.. if this is a leak of a takeover then I am happy to be wrong !! | gdcox | |
26/6/2019 12:33 | I've just noticed the heavy volume yesterday. free stock charts from uk.advfn.com | skinny | |
21/6/2019 21:33 | Nobby, forgive me. The doctor said it was something I had and he called it....but I can't remember what he said. Sill, just in case I lose it completely, I've taken the sensible decision to put nearly all of my £2.5m pension pot into a long term (patient capital) trust run by a fine looking guy called Nail Woodall? or something similar. So I'm happy in knowing my wealth is sound and secure even if my mind is not quite so! | eggbaconandbubble | |
21/6/2019 15:32 | Monty, Until it's announced we won't know. Any attempt at prediction is just guessing - might be a reasonable guess but nonetheless just guessing. I might surmise 19p might be more realistic - but that too is just another valueless crystal-ball exercise. But I reckon it's most unlikely a Special be declared at the same time. | nobbyx | |
21/6/2019 15:17 | nobbyx I do think the final dividend announced in September will be 20p. | montyhedge | |
21/6/2019 10:12 | Eggs, we know that 'hope springs eternal in the human breast, etc', but you asked much the same question in April and received much the same answer... | nobbyx |
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