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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
  -8.00 -1.47% 538.00 536.00 540.00 544.00 522.00 530.00 39,927 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.3 9.4 30.3 17.8 273

City Of London Investment Share Discussion Threads

Showing 2451 to 2474 of 2850 messages
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DateSubjectAuthorDiscuss
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
15/1/2020
11:28
I refer you to post 2342. :-)
skinny
15/1/2020
11:27
Def a new high
my retirement fund
15/1/2020
10:59
Thanks for the link. Another few pence and I'll have doubled my purchase price - not a consideration at the time!
skinny
15/1/2020
10:42
City of London Investment Group ‘a 12% annual return for many years’ says Zeus Analyst hTTps://www.directorstalk.net/city-of-london-investment-group-a-12-annual-return-for-many-years-says-zeus-analyst/
masurenguy
15/1/2020
00:18
Oh really, I’ll believe that if and when it happens.
luderitz
14/1/2020
11:59
Retirement Fund. Just between you and me. Brexit has been sorted. we're 'Brexiting' in two weeks!!!! lol!
eggbaconandbubble
14/1/2020
11:51
CLIG is probably one of the LSE companies least likely to be affected by Brexit.
nobbyx
14/1/2020
11:04
I'd love to load up here but a decent valuation is never likely to occur with a listing on the British stock exchange with the never ending brexit saga
my retirement fund
14/1/2020
11:00
465 the high on 16/12/2010 and 470 on 15/12/2020! All looking healthy though.
skinny
14/1/2020
10:57
Two trades went through @464p earlier this morning !
masurenguy
14/1/2020
10:51
I hate to be pedantic, but the price has been higher (just) :- 15/12/2010 455.25 470.00 455.25 460.00 16/12/2010 465.00 465.00 460.00 461.50 17/12/2010 463.00 463.00 448.25 455.00 Hence my post 2335 :-)
skinny
14/1/2020
10:47
Shares just hit an ATH this morning ! :o) Could see Barry Olliff dispose of a further 500,000 shares as we've hit his next threshold of 450p.
masurenguy
14/1/2020
10:22
Profits up 21% interim div up 11.11% to 10p. Assuming 20p final Dividend, share price of 500p would give a solid well covered 6% yield and 600p 5%. Although Barry Olliff is looking to offload 750,000 shares in 3 tranches at 450, 475 and 500, i think it will be quite easy to place these. Got a few at 457p this morning.
2wild
14/1/2020
10:15
I suspect Barry will be selling a few more now that 450p has been reached.
topvest
14/1/2020
09:05
Zeus; FuM leaps to over $6bn What’s new: The trading update for the 6 months to 31 December 2019 released this morning reveals: § CLIG’s Funds Under Management (“FUM”) rose 11.6% to US$6,014m; Sterling strengthened 3.9% against the US dollar to £1 = US$1.32 and Emerging Market Index (MXEF) rose 5.7% to 1,115. § CLIG’s Emerging Market, International Developed and Opportunistic Value strategies outperformed with good NAV performance and narrowing discounts. § US$182m of net inflows in the past 6 months: US$272m net inflows to Developed strategies, US$20m to Opportunistic Value funds and US$118m net outflows from Emerging Market funds: notifications of circa US$200m of net inflows expected to fund over the next quarter. § Estimate of 1H PBT of £6.3m (21.2% up on 6m to Dec 2018: £5.2m). § Interim DPS will be increased by 1p to 10p. Interim results will be published on Monday 17 February. Zeus View: These interims show the success of CLIG’s Diversification strategies (i.e. non-Emerging Market funds). Over the past two years, its Diversification FUM increased 150% and its contribution to group FUM risen from 13% to 26%. We take this opportunity to refine our forecasts using the following assumptions: § Financial markets and exchange rates remain at December 2019 levels. § The 5% EIP charge assumed for FY20E is not repeated in FY21E. § DPS nudged up 1p reflecting the interim DPS and strong net cash position. Consequently, we leave our FY(Jun)20E profit, and EPS forecasts unchanged and nudge up our FY(Jun)21E profit, and EPS forecasts by c 8%. Valuation: Over the past decade CLIG has delivered its shareholders over 12% pa total return, split 50:50 into capital return and dividend income. Diversification is creating shareholder value, delivering stability and growth in FUM, earnings and in turn valuation multiples. At 504p (14.5% above its current price), CLIG’s PER multiple of 13.0x would be less than the equity market and its dividend yield an attractive 5.5%.
davebowler
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