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
  10.00 2.36% 434.00 13,425 16:35:02
Bid Price Offer Price High Price Low Price Open Price
407.00 434.00 434.00 419.00 429.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.93 12.79 39.50 11.0 115
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 4 434.00 GBX

City Of London Investment (CLIG) Latest News

More City Of London Investment News
City Of London Investment Takeover Rumours

City Of London Investment (CLIG) Share Charts

1 Year City Of London Investment Chart

1 Year City Of London Investment Chart

1 Month City Of London Investment Chart

1 Month City Of London Investment Chart

Intraday City Of London Investment Chart

Intraday City Of London Investment Chart

City Of London Investment (CLIG) Discussions and Chat

City Of London Investment Forums and Chat

Date Time Title Posts
18/7/201916:16City of London Investments - a good recovery play !2,272
28/9/201710:24Emerging Mkt Play - City of London96

Add a New Thread

City Of London Investment (CLIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-18 15:35:02434.00417.36UT
2019-07-18 15:27:38428.0044188.32AT
2019-07-18 15:27:38428.00521.40AT
2019-07-18 15:25:00433.0038164.54AT
2019-07-18 15:24:33434.0040173.60AT
View all City Of London Investment trades in real-time

City Of London Investment (CLIG) Top Chat Posts

City Of London Investment Daily Update: City Of London Investment Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker CLIG. The last closing price for City Of London Investment was 424p.
City Of London Investment Group Plc has a 4 week average price of 400p and a 12 week average price of 398p.
The 1 year high share price is 439p while the 1 year low share price is currently 350p.
There are currently 26,570,707 shares in issue and the average daily traded volume is 8,115 shares. The market capitalisation of City Of London Investment Group Plc is £115,316,868.38.
pyufak: the bid offer is so wide on this one, even a small number of shares trading at the close causing some odd swings in p&l. Personally I'd prefer to see excess cash placed into share buybacks a la US style rather than special dividends. Backstops the stock in times of stress and just think a tailwind for the share price generates more of a buzz for all stakeholders unlikely a dividend - not that it should matter in economic terms but just my 2p. Couple of 10k block buys this month sub-410 from the company - I think it will take a lot for us to go below here as they're drawing a line in the sand. 410.5p bid anyone ;-)
davebowler: Zeus- IMS reveals 14% AuM rise YTD What’s new. CLIG’s 3Q update on its Funds under Management (FuM) confirms that while Emerging Market Total Return Index rose 9.9%, CLIG’s FuM rose 13.9% to US$5,268m. The statement also revealed: § US$153m of net inflows: US$ 45m for Emerging Markets strategy and US$101m for Developed strategy; the Frontier and Opportunistic Value Strategies were essentially flat; § Strategies covering >95% of group FUM outperformed due to narrowing discounts and to a lesser extent, positive NAV performance. Frontier Strategy (under 5% of FUM) underperformed largely due to unfavourable NAV performance; § CLIG has an active pipeline across all major CEF offerings, with increased interest continuing to be seen in the non-Emerging Market CEF strategies (i.e. Developed, Opportunistic Value). § Current run-rate for operating profit per month of £1.5m, before profit-share of 30% and an estimated EIP charge of 5%, based upon current FuM and a US$/£ exchange rate of US$1.3. Zeus view. We note that the group FuM is currently above our forecast for 30 June 2019. Exhibit 10 shows the shift in Group FuM, analysed by strategy. Exhibits 6, 8 & 9 show CLIG’s impressive Emerging Markets strategy performance relative to its peers and benchmarks. We maintain our forecasts (Exhibits 1 & 2), which we last adjusted on 16 January 2019, and which are based on $1.31=£1 and on the MXEF ($) index being circa 1,070 for the next two years. We will review our forecasts again, when CLIG publishes its pre-close trading update on Tuesday 16 July. Valuation. CLIG shares at 399p are trading on a prospective dividend yield of 6.8% and PER of under 11.0x. This is inexpensive, particularly for a stock which has no debt, substantial net cash, and a good record of creating and distributing shareholder value. The close correlation between CLIG share price and the MXEF Index suggests that CLIG’s share price should be trading close to 420p (see Exhibit 12).
masurenguy: Graham Neary's view: "This investor in closed-end funds has seen a net outflow of $42 million over six months, and negative performance has contributed to a total reduction in funds under management (FuM) of some $480 million. Key points *FuM is $4.6bn at Dec 2018, versus $5.1bn at June 2018. *The primary strategy, Emerging Markets, outperformed, but the newer strategies all underperformed. *A positive note, CLIG has been notification of inflows worth $125m to be funded over Q3 *The dividend yield is a stonking 8%. I would think that prospects for long-term growth are probably still good - emerging market asset managers enjoy some nice tailwinds. Short-term developments have been a bit disappointing, and the share price reaction has left the stock with a ValueRank of 98. The Stocko system ranks this as a Super Stock. So this is another fund management company that I am keenly interested in."
rcturner2: Can anyone shed light on why the share price has gone into reverse?
tmfmayn: MRF "Also how on earth can this be yielding 6.4% ?" A fair question to ask. If you look in the 2017 annual report, on page 18 there is a chart titled 'Total in flows - outflows'. The yellow boxes show the amount of client money added/lost during each financial year. You will see that the yellow boxes are quite small, and suggest CLIG has difficulty winning new mandates. The market I guess has applied a low valuation to CLIG because of the lack of fresh mandate wins. It is not clear how CLIG will ever win significant new mandates. CLIG management has said there is a 'capacity' to its Emerging Market FUM of c$5bn, and so growth beyond that will involve the group's other strategies, which represent only 13% of total FUM. Recent profit/FUM growth has been based almost entirely on favourable FX and market movements. And yet the staff now take a greater share of earnings through the EIP. It will take notable FUM wins before the share price enjoys a re-rating. In the meantime, shareholders receive the chunky dividend and wonder what happens when Barry retires.
aleman: Thanks. So FUM nearly back to H1 2012 levels when the share price was 380p - except £ to $ was over 1.60 then, so FUM/earnings in sterling now potentially 20% higher.
my retirement fund: Surprised share price is not up today.
plasybryn: Share price looking nicely perky. Ex Div tomorrow of course.
masurenguy: Fancy a Big Divi and a Future El Dorado. Have a Butcher’s at City of London Investment Group. By Malcolm Stacey | Friday 18 September 2015 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Hello Share Thrashers. I know a few of you did your research after I brought the City of London Investment Group (CLIG) to your notice. And I know one or two of you dipped your toes in the water. But when the China thing looked like blowing up, I sold my shares. (I never know if China is classed as an emerging market, but research time, as always, is a luxury when trying to jump the big traders). Since then, the share has fallen back from £3.65 when I waved bye bye and is now sitting at around £3.27p. But I am now strongly tempted to pile back in. This is a well-run company, but what I most miss about not holding shares at the mo is the huge dividend it pays. It’s 7%. Nice. Earnings per share when it reported in June were 26.5p a tasty improvement on the time before which was 19p. The forecast is for 32p per share in the next financial year. The share price has suffered, in the opinion of its chief executive Barry Olliff, speaking to the Investor’s Chronicle, because the west always over reacts to swings in emerging markets. But he says the company has not lost any clients since the China Syndrome hit the fan. The company has an impressive $3.8billion to manage. That’s a bit less than it used to be, but this is a firm with an impressive track record of beating the opposition. The price to earning ratio is zipper at 12.5 and the NAV is 52p per share. Taking a longer view, emerging markets are, in my humble op, likely to boom, even if it’s a longish way in the future. For example, Africa is not half the troubled place it appears. Many countries there are now fighting a winning battle against poverty. And unlike established Western financial markets, those in emerging countries have plenty of room to grow.
masurenguy: Chairman2 - Barry Olliff has been upfront about his forward retirement planning, both in terms of management succession and personal share disposals, over the past two years. CLIG is basically his personal creation and he has been the prime mover in developing it into a very successful financial services company since its foundation over the past 20 years. His future retirement is therefore significant in terms of both credibility and confidence in the future expertise available to take the company forward when he finally bows out in 4 years time at the age of 70. Therefore he has been very transparent in his plans and he first indicated his planned share disposal schedule in October 2009. At that time the CLIG share price was 295p. He subsequently implemented the share sales at 310p, 350p and 400p that he originally scheduled on that date as the share price crossed the appropriate price thresholds. He subsequently modified his share sale programme when he established his Newlin Foundation to whom he gifted shares and tied their liquidation of these shares into his own disposal programme. He plans to dispose of a further 2m shares, split 50/50 between himself and Newlin, if and when the share price crosses the projected thresholds of 450p, 500p, 550p & 600p. The likely buyers would be institutions who also bought his previous disposals at 310p, 350p & 400p. He is able to do this since 65% of the existing shareholding is held by himself, other insiders and 7 institutions and therefore there is limited liquidity. The only way an institution is probably going to be able to acquire shares in 500K quantities is either from him or one of the other existing institutional holders. Here are the reference points to the prior announcements relating to this programme. "At the end of this year I will be 65, and subject to approval from the Board and also from my colleagues and from shareholders, I would like to stay on in my present position until I'm 70, and then to retire. The exact date of my retirement could obviously be managed to suit all parties. Over the next few years I will gradually be delegating certain responsibilities to ensure a smooth handover." Barry Olliff - RNS - 14/9/09 "As the founding and largest shareholder, Barry Olliff has a stated policy of transparency about his intentions regarding his shareholding, and this is an approach which the Board considers to be very helpful. Barry increased his holding of Company shares in the previous year by 231,103 shares, through a mix of market purchases and option exercises, to the current level of 5,243,683 shares. Now, in the event that the Company's share price achieves 310p he intends to sell 500,000 shares, and he would intend, subject to close period restrictions and other regulatory requirements, to undertake the same at 350p and 400p. Should these intentions alter, perhaps as a result of a material change in market conditions, Barry has undertaken to inform the Board promptly, and an appropriate announcement will be released forthwith." Doug Allison - RNS - 26/10/09 City of London Investment Group Plc (LSE: CLIG) announces that Barry Olliff, Chief Executive Officer, has endowed a foundation in the United States, the Newlin Foundation ("the Foundation"), dedicated to assisting students in the community surrounding City of London's US office in Coatesville, Pennsylvania to attain post secondary education at a College or University. The endowment of the Foundation by Barry will take the form of the gift of shares in City of London from his personal holding. The initial gift will be 500,000 shares. The Foundation's independent Board of Trustees ("the Trustees") has agreed to be bound by the undertakings made by Barry (and already announced) regarding his disposal of shares. This means that the potential disposal of a total of 500,000 shares at a price of 450p and a further 500,000 shares at 500p will come from either Barry's remaining personal holding or from the shares administered by the Trustees or a combination of both, with the total amount remaining the same. The Trustees have further agreed to be bound by all restrictions placed on Barry's disposals, including those relating to insider status, close period and any disposal rules and limitations as agreed with the Company's Board. The Newlin Foundation is entrusted under the auspices of the Chester County Community Foundation, a charitable 501(c) 3 foundation headquartered in West Chester, Pennsylvania, US. RNS - 10/12/10 "Regarding my CLIG shareholding, currently 3,632,580 shares, or 13.5%, I intend to continue with my long term plan to reduce my holding at pre-defined price intervals. As part of my tax planning I have made a commitment to pass an additional 1,000,000 shares to the Newlin Foundation, which currently holds 472,207 shares. The Foundation and I will each make available for sale 250,000 shares at GBP4.50, and the same number again at each of GBP5.00, GBP5.50 and GBP6.00." Barry Olliff - RNS - 06/09/11 In my view Barry Olliff's transparency is a shining example of the kind of principles and intergrity that we should see in the City but is all to rare these days. In my opinion he is the benchmark for the kind of corporate governance ethics than should be applied within all quoted companies. If you really want some insight into his view of the way the City operates today you should read his comments under the 'Migration To Main Market Listing' in the CLIG annual report last year published on 13th September 2010. We need many more people with his kind of transparency and integrity in charge of public companies today compared to the greed, dishonesty and selfishness we seem to witness on a daily basis in so many other companies.
City Of London Investment share price data is direct from the London Stock Exchange
Your Recent History
City Of Lo..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190719 00:33:57