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CLIG City Of London Investment Group Plc

367.00
1.00 (0.27%)
Last Updated: 09:27:35
Delayed by 15 minutes
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 Shares Traded Last Trade
  1.00 0.27% 367.00 12,884 09:27:35
Bid Price Offer Price High Price Low Price Open Price
361.00 375.00 367.00 367.00 367.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 58.48M 14.74M 0.2908 12.62 185.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:50:51 O 80 372.0727 GBX

City Of London Investment (CLIG) Latest News

City Of London Investment (CLIG) Discussions and Chat

City Of London Investment Forums and Chat

Date Time Title Posts
03/10/202407:47City of London Investments - a good recovery play !3,379
28/9/201710:24Emerging Mkt Play - City of London96

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City Of London Investment (CLIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:50:52372.0780297.66O
08:10:02367.004,00014,680.00O
08:09:28375.001348.75O
08:09:28375.00518.75O
08:09:28367.003,44712,650.49AT

City Of London Investment (CLIG) Top Chat Posts

Top Posts
Posted at 07/10/2024 09:20 by City Of London Investment Daily Update
City Of London Investment Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker CLIG. The last closing price for City Of London Investment was 366p.
City Of London Investment currently has 50,679,095 shares in issue. The market capitalisation of City Of London Investment is £185,992,279.
City Of London Investment has a price to earnings ratio (PE ratio) of 12.62.
This morning CLIG shares opened at 367p
Posted at 03/10/2024 07:47 by mister md
Indeed -

'Recommended final dividend of 22p per share (2023: 22p) payable on 7th November 2024 to shareholders on the register on 4th October 2024, making a total for the year of 33p (2023: 33p)'
Posted at 26/9/2024 15:20 by mister md
Added some more yesterday and today - tried to get a few pennies off the offer price as spread was wide, but had to pay full price - I'll take that as a positive sign and assume lift-off is imminent ;-)
Posted at 24/9/2024 10:39 by pvb
I seem to remember he (Paton) expressed a cautious(?) view on CLIG.



George Karpus has some strong opinions:
Posted at 24/9/2024 07:06 by masurenguy
FINAL RESULTS FOR THE YEAR TO 30TH JUNE 2024, DIVIDEND DECLARATION AND BOARD CHANGE

Funds under Management (FuM) of US$10.2 billion at 30th June 2024. This compares with US$9.4 billion at the beginning of this financial year on 1st July 2023

- Net fee income was $66.2 million (2023: $65.5 million)

- Underlying profit before tax* was $27.2 million (2023: $27.0 million). Profit before tax was $22.6 million (2023: $22.1 million)

- Underlying basic earnings per share* were 33.5p (2023: 36.5p). Basic earnings per share were 27.8p (2023: 30.2p) after an effective tax charge of 24% (2023: 21%) of profit before taxation

- Recommended final dividend of 22p per share (2023: 22p) payable on 7th November 2024 to shareholders on the register on 4th October 2024, making a total for the year of 33p (2023: 33p)

For access to the full report, please follow the link below:


Dividend

The Board is proposing to recommend a final dividend of 22p per share (2023: 22p), subject to approval by shareholders at the Company's Annual General Meeting (AGM) to be held on 28th October 2024. This would bring the total dividend payment for the year to 33p (2023: 33p). Rolling five-year dividend cover based on underlying profits equates to 1.19 times (2023: 1.24 times). The Board confirms the final dividend timetable for the year to 30th June 2024:

· Ex-dividend date: 3rd October 2024

· Dividend record date: 4th October 2024

· DRIP election date: 18th October 2024

· Dividend payment date: 7th November 2024
Posted at 18/9/2024 17:55 by pvb
Still positive on share price today.
Posted at 13/9/2024 16:38 by aleman
CITY OF LONDON INVESTMENT GROUP PLC

("City of London" or "the Group" or "the Company" or "CLIG")

Full Year Results release date

The Company is announcing a short delay in the release for our Full Year Results.

The Group's auditor, Grant Thornton UK LLP (GT), has requested additional time to complete their standard procedures as part of the audit finalisation process. Results were due to be released on 17 September 2024, as set out in our pre-close trading update on 25 July 2024. As a result, the Board will now announce the final dividend and results alongside publication of its Accounts for the year ended 30 June 2024 on 24 September 2024.

For further information, please visit hxxps://www.clig.com/ or contact:

Tom Griffith, CEO

City of London Investment Group PLC

Tel: 001-610-380-0435

Martin Green / James Hornigold

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20-3829-5000
Posted at 11/9/2024 09:21 by masurenguy
Latest quick summary from Simply Wall St. Don't really understand the significance of their Risk Analysis comment that the latest financial results are now more than 6 months old. The Y/E was on June 30th and the F/Y results are due to be announced next week on Tuesday September 17th.

CLIG Stock Overview
Flawless balance sheet, undervalued and pays a dividend.

Rewards
Trading at 29.4% below our estimate of its fair value
Earnings are forecast to grow 16.91% per year
Earnings grew by 6.1% over the past year
Trading at good value compared to peers and industry

Risk Analysis
Dividend of 8.56% is not well covered by earnings
Latest financial reports are more than 6 months old
Posted at 16/7/2024 10:27 by pvb
Masurenguy, I noticed this in your heading: "From these locations it manages a number of open ended funds and segregated accounts"

I thought CLIG mainly manages closed end funds?



City of London Investment Group PLC
"City of London Investment Group PLC (CLIG) is an established asset management group listed on the London Stock Exchange, consisting of two wholly-owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients:"
Posted at 08/5/2023 12:27 by eggbaconandbubble
I'm not sure if 'care' is tbe right word but I would like to know. Anyone?

FYI Dishes I'm trying to work out what possibility there is of a CLIG takeover. The divi is respectable but I doubt the share price is going anywhere fast.

I've looked at the merger announcements which was June 2020 when CLIG share price circa 325p but it's not very clear - to me anyhow.
Posted at 08/3/2022 16:30 by james188
I agree with that, Monty. Just to observe that 2 years ago, we were just starting to realise the full impact of COVID and the Karpus deal had not been announced. In any event, the CLIG share price has always bounced around and trading is often pretty thin. You just have to be patient when adding (or selling).
City Of London Investment share price data is direct from the London Stock Exchange

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