We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Tools
Register to chat with like-minded investors on our interactive forums.
| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 311.00 | 57 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 312.00 | 319.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 58.48M | 14.74M | 0.2908 | 10.69 | 157.61M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 06:31:37 | O | 57 | 312.508 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/11/2023 | 17:30 | UKREG | City of London Investment Group PLC Holding(s) in Company |
| 27/10/2023 | 16:10 | UKREG | City of London Investment Group PLC Director/PDMR Shareholding |
| 27/10/2023 | 16:08 | UKREG | City of London Investment Group PLC Director/PDMR Shareholding |
| 27/10/2023 | 16:07 | UKREG | City of London Investment Group PLC Director/PDMR Shareholding |
| 27/10/2023 | 16:05 | UKREG | City of London Investment Group PLC Director/PDMR Shareholding |
| 23/10/2023 | 12:47 | UKREG | City of London Investment Group PLC Result of AGM and Board Committee.. |
| 17/10/2023 | 12:08 | UKREG | City of London Investment Group PLC Holding(s) in Company |
| 13/10/2023 | 14:03 | ALNC |  IN BRIEF: City of London Investment Group reports drop in FuM |
| 13/10/2023 | 07:12 | UKREG | City of London Investment Group PLC Funds Under Management - 30/09/23 -.. |
| 12/10/2023 | 16:01 | UKREG | City of London Investment Group PLC Holding(s) in Company |
City Of London Investment (CLIG) Share Charts1 Year City Of London Investment Chart |
|
1 Month City Of London Investment Chart |
Intraday City Of London Investment Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/11/2023 | 12:49 | City of London Investments - a good recovery play ! | 3,275 |
| 28/9/2017 | 09:24 | Emerging Mkt Play - City of London | 96 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 07:17:21 | 312.51 | 57 | 178.13 | O |
| Top Posts |
|---|
Posted at 03/12/2023 08:20 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 311p.City Of London Investment currently has 50,679,095 shares in issue. The market capitalisation of City Of London Investment is £157,611,985. City Of London Investment has a price to earnings ratio (PE ratio) of 10.69. This morning CLIG shares opened at - |
Posted at 17/11/2023 12:46 by 2wild Ticking up nicely now. Hopefully we'll get A Santa rally. |
Posted at 23/10/2023 07:59 by mister md Shareprice in free-fall. Added a few more at 308p this morning but not sure how much further it could drop ? Re: the dividend / dividend cover, from RNS:"... your Board believes that the use of a dividend cover policy based on rolling five-year periods provides a prudent template that serves to protect shareholders from the market volatility that can affect profits of asset management companies. The beneficial effects of this policy are illustrated clearly in the year to 30th June 2023 when underlying fully diluted EPS have fallen by 18%. On the basis of unchanged dividend payments totalling 33p for the year as a whole, the cover ratio for the single year is 1.09, whereas the rolling five-year cover ratio, at 1.24, will remain marginally ahead of the 1.2 target level. Accordingly, your Board is recommending the payment of a final dividend of 22p per share, to be paid on 27th October 2023 to those shareholders on the register at 29th September 2023. This brings total distributions for the year to 33p, the same level as the previous year, excluding the 13.5p special dividend paid in March 2022." |
Posted at 18/10/2023 09:54 by eggbaconandbubble Melton Mowbray - divi cover of max. 1.1 is virtually non existent especially when forecasted - historically CLIG has worked on a cover of 1.5ish.We shall see. |
Posted at 18/10/2023 08:54 by eggbaconandbubble Have it your way chum! You seem to be overly sensitive on anyone having a different view.All I would say to any potential investor (and even existing ones) is look at the price performance over the last two and a half years. And, it is STILL falling. Also look back at the actions of directors etc. with regard to their shareholding and promised undertakings. Finally consider that although the yield looks good at present the dividend cover is virtually nonexistent and as such it is very likely that the divi will be cut going forward thus reducing the current good yield. |
Posted at 17/10/2023 17:12 by masurenguy That is pure speculation. CLIG has cash and has historically been prepared to cover dividends beyond earnings in the short term. For example, in 2014 the eps was 20.7p and the dividend was 24.0p and in 2016 the eps was 23.3p and the dividend was maintained at 24.0p. The current projected eps for the year ending June 24 is 40c, which is effectively 32.5p, which would just be 1.5% below the current dividend of 33.0p. Management will clearly take a view based on forward projections and if the forecasted 2025 eps of 34.3p is still considered achievable next year then they could decide to maintain the existing dividend as they did in 2014 and 2016.That policy was reiterated by Barry Ayling in the recent annual report. "The Board believes that the use of a dividend cover policy based on rolling five-year periods provides a prudent template that serves to protect shareholders from the market volatility that can affect profits of asset management companies. The beneficial effects of this policy are illustrated clearly in the year to 30th June 2023 when underlying fully diluted EPS have fallen by 18%. On the basis of unchanged dividend payments totalling 33p for the year as a whole, the cover ratio for the single year is 1.09, whereas the rolling five-year cover ratio, at 1.24, will remain marginally ahead of the 1.2 target level." Excluding the brief COVID down spike in 2020 we are now at a 7 year low as are some other FTSE financial companies. Therefore, we can only wait and see if this current bear market persists or whether some green shoots start to appear as inflation starts to cool going forward. |
Posted at 06/9/2023 07:20 by masurenguy City of London Investment Group (CLIG)Share Price: £3.93 1 Year: -6.3% 90 Days: -11.0% 7 Day: 0.98% Now 21% undervalued after recent price drop. The fair value is estimated to be UK£5.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 3.8% in 2 years. Earnings is forecast to decline by 9.1% in the next 2 years. SIMPLY WALL ST: 6 Sept 2023 |
Posted at 01/8/2023 09:10 by masurenguy PRE-CLOSE TRADING UPDATE for the year to 30 June 2023City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds ("CEFs"), provides a pre-close trading update for its financial year ended 30 June 2023. The numbers that follow are unaudited. On a consolidated basis, Funds under Management (FuM) were US$9.4 billion (GBP7.4 billion) at 30 June 2023. This compares with US$9.2 billion (GBP7.6 billion) at the Group's year end on 30 June 2022. A breakdown by strategy follows: FuM ($ million) Strategy Index Jun-23 Jun-22 % Net % (estimate) inc/dec Flows inc/dec EM 3,580 3,703 (3%) (206) MSCI EM Net TR 1.7% KIM 3,520 3,433 3% (129) Not applicable INTL 1,983 1,812 9% (51) MSCI ACWI ex US 12.7% ACWI/Barclays Global OV 244 193 26% 35 Agg 7.5% Other* 97 83 17% (6) 9,424 9,224 (357) ----------- ------- ------ * includes Frontier, REIT and seed investments Although wider discounts were a headwind for all CEF strategies, investment performance was ahead of benchmark for the bulk of CLIM's assets due to strong NAV performance in the Emerging Market strategy. The International strategy was slightly behind benchmark over the period while the Opportunistic Value strategy outperformed. KIM's taxable fixed income, conservative balanced and SPAC strategies outperformed their market indices over the period, while equity strategies lagged their benchmarks. Net investment outflows were US$357 million for the Group over the period as clients reduced exposure to markets due to ongoing volatility, pension fund de-risking and competition from cash products. Attractive discounts across the strategies will be the focus of marketing efforts in the second half of 2023. Operations The Group's income currently accrues at a weighted average rate of approximately 71 basis points of FuM, net of third party commissions. The Group's overheads for the year to 30 June 2023 are expected to be GBP22.5 million (2022: GBP19.7 million), primarily as a result of weaker sterling against USD as well as higher employee retention and retirement costs during the year. "Fixed" costs are c.GBP1.9 million per month, and accordingly the run-rate for operating profit, before profit-share and amortisation of intangibles is approximately GBP2.6 million per month based upon current FuM and a US$/GBP exchange rate of US$1.2703 to GBP1 as at 30 June 2023. For the year to 30 June 2023, the Group estimates that the unaudited profit before amortisation of intangibles and taxation to be approximately GBP23.4 million (2022: GBP27.2 million profit before amortisation of intangibles). Profits after an anticipated tax charge of GBP3.9 million (representing 21% of profits before taxation) will be approximately GBP14.8 million (2022: profits of GBP18.1 million after a tax charge of GBP5.0 million, representing 22% of profits before taxation). Basic and fully diluted earnings per share are expected to be 30.4p and 29.8p respectively (2022: 36.9p and 36.4p). Dividend The Board is proposing to recommend a final dividend of 22p per share (2022: 22p), subject to approval by shareholders at the Company's Annual General Meeting to be held on 23 October 2023. This would bring the total dividend payment for the year to 33p (2022: 33p, special dividend 13.5p). Rolling five-year dividend cover based on underlying profits, excluding the special dividend equates to 1.24 times (2022: 1.34 times). |
Posted at 25/7/2023 08:48 by creme de menthe Trading and share price is following a similar pattern to other asset managers. Clig has done well to maintain AuM but costs increasing. Look at PMI and POLR and others all suffering similarly. I have held here for at least 15 years and share price is down to my original buy price, yet I have had my money back with dividends. Anyway, I want to see what they can do to reduce costs and increase margin before making any decision about selling. In the meantime another 22p is nice whilst waiting. |
Posted at 08/5/2023 11:27 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). |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
|
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions Support: +44 (0) 203 8794 460 | support@advfn.com |
| ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil |
| ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico |
| ADVFN France ADVFN US ADVFN Korea |
