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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
  -2.00 -0.47% 424.00 423.00 444.00 425.00 422.00 422.00 24,872 15:04:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 14.0 215

City Of London Investment Share Discussion Threads

Showing 2376 to 2394 of 2700 messages
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DateSubjectAuthorDiscuss
01/10/2019
11:48
nobby, I'm quite aware of that. It was an observation that CTY which appears to my mind to be a very mediocre trust picks up press but CLIG remains off radar. And 'No', I don't have all my eggs in one basket. I've also got plenty of bacon and lashings of bubble!!!
eggbaconandbubble
01/10/2019
09:03
A wonderful company this. 450p will be the next sell point for the founder.
topvest
01/10/2019
07:35
There have been several articles in the papers recently about CTY, which for obvious reasons catch my eye. But having looked at them I can't see what the fuss is all about and I feel much better having my funds in this one! There never seems to be much in the press/media about CLIG
eggbaconandbubble
25/9/2019
12:30
Measureguy, why are you repeat posting.
gdcox
25/9/2019
11:40
Interesting interview with Brian Moretta, a financial analyst from Hardman, on the recent CLIG results. hTTps://vimeo.com/361984936
masurenguy
25/9/2019
10:44
Surprised this not has not had a bid approach, from a big fund.
montyhedge
24/9/2019
11:36
15 month high @440p.
skinny
18/9/2019
13:52
Well Hardman ( tks for the post) probably summarises it well by saying 'unless there is significant market disruption, more should follow in the next few years.'
gdcox
18/9/2019
13:26
Another solid year 18 SEP 2019 / Corporate Research By Dr Brian Moretta, Hardman & Co. City of London has announced its results for FY2019. The headline figures of £11.4m PTP and undiluted EPS of 34.9p were in line with July’s trading statement, meaning the interest for investors was in the details. Although FUM ended the year up by more than 5%, at $5.39bn, average FUM for fee collection was slightly lower ($5.1bn in FY2019 compared with $5.2bn in FY2018). Combined with the ongoing decline in fee rates from the increase in the diversification areas, revenue declined almost 6% to $31.9m. Staff costs increased with the recruitment of the new REIT team, with offsets from reduced commissions and other administrative costs. EM strategy: Market performance gave a slight boost to FUM, although the EM strategy outperformance was more significant. More detail on flows shows that EM is still attracting new funds, but rebalancing remains a hurdle to growing FUM in this area. Cash: Cash conversion was, as usual, excellent, at 114% of earnings (boosted by working capital changes). Cash on the balance sheet declined due to REIT strategy seed funding, the special dividend and buybacks. At £13.8m, it is still more than adequate, and there remains scope for further return of capital. Valuation: The 2020E P/E of 9.4x is at a significant discount to the peer group. The underlying 2020E yield of 6.6% is attractive, in our view, and should, at the very least, provide support for the shares in the current markets. Risks: Although emerging markets can be volatile, City of London has proved to be more robust than some other EM fund managers, aided by its good performance and strong client servicing. Further EM volatility could raise the risk of such outflows, although increasing diversification is also mitigating this. Investment summary: Having shown robust performance in challenging market conditions, City of London is now reaping the benefits in a more supportive environment. The valuation remains reasonable. FY2017 and FY2018 both saw dividend increases and, unless there is significant market disruption, more should follow in the next few years. hxxps://www.citlon.com/investor-relations/investor-reports/HardmanCligReport7_19.pdf
masurenguy
16/9/2019
18:45
FY 20 will be 27p or 28p in my view.
topvest
16/9/2019
15:22
So what us the guess for the next full div?
gdcox
16/9/2019
12:48
Another 18p dividend in the bag.
montyhedge
16/9/2019
11:41
Good results again and very positive that Barry will remain in an advisory capacity. The main risk is the transition away from Barry which didn’t work last time they tried. The upside is that they crack developed market investment trusts, in the same way as emerging markets and the signs are encouraging. That could double the size of the business. An excellent company in my view, but asset managers without significant growth are generally only on a P/E of 10 at this point in the cycle. I’m watching and may add more, particularly in a sell-off.
topvest
16/9/2019
08:32
Yes CLIG have been consistently open and performed very well in the past, BO retiring but he will still be around which is reassuring.
luderitz
16/9/2019
07:34
I've had a quick look through and all appears to be in order. The transition into the post Barry Olliff era seems to be going smoothly. The enviable style and openness of the communications is the same. They have invested in the business by widening the range of products. The dividend policy underpins the valuation. I really like this company and use it as a proxy investment in EM.
robsy2
16/9/2019
07:22
Forward price targets established by Barry Olliff, in order to facilitate the process of winding down his shareholding from 7.6% to 1.9%, as he enters retirement at the end of December but continues some involvement in an advisory capacity during the next 2 years. "Barry Olliff intended CLIG share sales In keeping with Barry's previous statements, I would like to remind shareholders of his intentions regarding share sales. As he approaches retirement on 31st December 2019, Barry intends to sell 500,000 shares at each of 450p, 475p, and 500p subject to close periods, etc. We believe that this statement of Barry's intentions should continue in order to maintain the openness and accountability with shareholders that he has provided over the years and leading up to his retirement."
masurenguy
16/9/2019
07:04
FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2019. SUMMARY - Funds under management (FuM) at 30th June 2019 were US$5.4 billion (2018: US$5.1 billion), an increase of 6%. In sterling terms, FuM increased by 10% to £4.3 billion (2018: £3.9 billion). - Revenues, representing the Group's management charges on FuM, were £31.9 million (2018: £33.9 million). Profit before tax was £11.4 million (2018: £12.8 million). - Basic earnings per share were 34.9p (2018: 39.5p) after a tax charge of 21% (2018: 21%) of pre-tax profits. - A final dividend of 18p per share is recommended, payable on 29th October 2019 to shareholders on the register on 11th October 2019, making a total for the year of 40.5p (2018: 27p), including the special dividend of 13.5p paid on 22nd March 2019.
skinny
06/9/2019
15:26
There was nothing misleading posted here by me. Checkout post #2270 above. The current yield, including the special 18p dividend, is circa 9.7%. That is a verifiable fact. There was never any suggestion that a special dividend will also be paid again next year.
masurenguy
06/9/2019
13:51
I would say totally missleasing as little to no chance of another special div any time soon. However a sustainable 6.5% core 27p dividend on the current 415p share price is very good.
2wild
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