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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
  -5.50 -1.25% 435.00 435.00 445.00 445.00 435.00 435.00 2,018,979 16:07:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 14.4 220

City Of London Investment Share Discussion Threads

Showing 2451 to 2472 of 2700 messages
Chat Pages: 108  107  106  105  104  103  102  101  100  99  98  97  Older
DateSubjectAuthorDiscuss
21/1/2020
13:03
I just bought another 500, had to pay 459 and it shows as a sell on NEX. I think they're getting short of stock.
melton john
20/1/2020
21:33
I suggested and have done it myself a few posts back, please keep up 😃
luderitz
20/1/2020
07:21
Or do I as do, and place limit orders
joe say
19/1/2020
10:07
Good advice Luderitz. There are only circa 26.5m issued shares, which is a small number for a company in this sector with a market cap of circa £120m. Consequently liquidity has always been a bit of a problem and a volatile, and sometimes ridiculous, spread has been a factor here for many years. CLIG cannot control this except by perhaps initiating a share split of say 4 to 1 to increase liquidity but I don't think they have any particular motivation to undertake such an action. As Luderitz states above, you can buy at a more realistic price if you are patient and wait for the spread to narrow during the trading sessions. On Friday for example, shares were purchased between 451p - 467p at different times of the day and the spread ranged from only 3p to as much as 106p.
masurenguy
19/1/2020
07:16
If people don’t want to pay a wide spread (and who doesn’t) then do what I do and await your time in the day when the spread is to your liking and then buy.
luderitz
18/1/2020
22:49
The recent spread of around 20p on a 450p share is ridiculous. On following the TU on Tuesday i got a few at 457p. Had it not been for the ripoff spread i would have brought more. My previous purchase was on 29.8.19 at 405p with a reasonable 400-405p spread. It's all very well to say investers set the price but most private investors are not able to place orders directly onto the order book, so are at the mercy of gready MMs if they wish to invest.
2wild
18/1/2020
21:37
As said before CLIG has a widish spread so deal with it or not but please don’t come on here bleating about the fact.
luderitz
18/1/2020
21:32
MRF, How tall are you?
eggbaconandbubble
18/1/2020
09:44
Be careful about who you have a go at nobbyx. If I had meant day-trading gamblers, that is what I would have said. By shareholders I mean shareholders. Quite straight forward, really. I have a substantial holding in CLIG, which I have held for over 5 years; my average buying price is 253p. I have often looked at buying more, but am put off by the spread. A wide spread generally indicates that the shares would be difficult to sell in poor conditions. Every now and then shareholders do sell. Even long term holders. CLIG can and should get their brokers to sort out the spread issue.
lynton3
18/1/2020
07:53
Well said Nobby, plus - Aren't I correct in saying that a wide spread acts against fast buck traders dealing in a particular share? Surely they need a narrow spread and volatile prices? CLIG is for LTH. Especially considering the generous divi.
eggbaconandbubble
17/1/2020
23:23
By 'shareholders' do you mean day-trading gamblers? The spread has nothing to do with CLIG. In order to raise capital in the past CLIG issued Ordinary Shares to whowever had faith in the Company and was willing to buy them at the time for the price set by CLIG and its advisers. The decision about the pricing of subsequent sales and purchases of these 'second-hand' shares is not CLIG's business - it is the business of 'the market' over which CLIG has no control. The price of the shares is set by us guys depending how much we want to pay for them or how much we want for them if we decide to sell them. Anyone wishing to make a quick buck by gambling on the market should leave companies like CLIG out of it.
nobbyx
17/1/2020
15:25
Why doesn't CLIG get this spread issue sorted out for its shareholders?
lynton3
17/1/2020
14:26
Market makers are taking the P-ss on the spread.
montyhedge
16/1/2020
15:55
Always has had a big spread for some time of the day, be patient and await your time or set a limit order.
luderitz
16/1/2020
15:50
Been watching it for the last couple of days, it rarely narrows MRF, you could try a limit order?
frazboy
15/1/2020
22:44
Thansk Masurenguy. As Mae West used to say "A hard man is good to find."
mach100
15/1/2020
16:01
Perky markets support dividend hike 15 January 2020: Hardman Corporate Research City of London has announced a trading update for 2Q’20. At the end of December, FUM had grown to $6.01bn, a 13% increase over the September 2019 figure of $5.34bn. This was driven by healthy market growth and more inflows into the Developed World strategy. A rebound in the exchange rate means a smaller increase in FUM of 5% in sterling terms. The highlight for many investors will be in the increase in the interim dividend of 1p to 10p. While nothing has been said about the full-year dividend, increasing that at the same rate would still leave the five-year rolling dividend cover, on our estimates, above the 1.2x target. Operations: The increased FUM in the diversifying strategies did not affect the revenue margin, which stayed at 75bps. The strong market performance and good inflows led to an estimated pre-tax profit of £6.3m, which was a little ahead of our forecast. Performance: Each of the Emerging Market, Developed Market and Opportunistic Value strategies outperformed, with NAV performance and discount narrowing being a factor in each. Frontier underperformed, with country allocation and discount widening both being factors. Valuation: The 2020E P/E of 10.5x 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. FY’17 and FY’18 both saw dividend increases and, unless there is significant market disruption, more should follow in the next few years. hTTps://www.hardmanandco.com/wp-content/uploads/2020/01/CLIG-report-15-January-2020.pdf
masurenguy
15/1/2020
13:24
It IS worth listening to the interview.
skinny
15/1/2020
13:21
This could be due a re-rating in my view. It has previously been quite lowly rated, reflecting the fact that it was pretty much a single EM strategy which was at full capacity. We are now seeing strong performance and inflows to the DM strategy, and they have also launched a REIT strategy. Better diversification and fewer capacity constraints should attract an higher multiple.
riverman77
15/1/2020
13:00
Or in Masurenguy's link in post 2347.
skinny
15/1/2020
12:58
monty, looks lie it was an interview and is available at hTTps://zeuscapital.co.uk/exclusives/city-of-london-investment-group-potential-for-a-12-annual-return-for-many-years/
stun12
15/1/2020
12:39
Can any one post the write up from Zeus?
montyhedge
Chat Pages: 108  107  106  105  104  103  102  101  100  99  98  97  Older
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