City Of London Investment Share Discussion Threads

[tim 3] 25/10/2023 23:23

Yes growing the dividend at any cost can cost you serious money look no further than another Investment trust HFEL investors are basically paying for the dividends and more out of capital.

[thamestrader] 25/10/2023 14:53

Yes, CTY and MRCH are more generous with divis but share price does not do as well as LWDB TMPL and EDIN. You pays your money and takes yer choice - yield or price.

More recently, however:
Since 6 october (date chosen to remove the effect of ex-divs on 5 october)
LWDB -7.2%
MRCH -6.6%
CTY -3.1%
TMPL -2.9%
EDIN -2.9%

EDIT - just after I typed that, everything spiked up, so out of date already (in a good way)

[tim 3] 25/10/2023 14:18

Good solid investment.

These IT's are usually a good buy on the dips.

Would not expect to much capital growth but have had decades of dividend growth.

[peterbill] 25/10/2023 13:03

Have added to my SIPP and ISA ... I'm hoping that the recent fall has ended ...

[borisjohnsonshair] 25/10/2023 07:19

It'll drop on Ex Div

[coxsmn] 20/10/2023 19:20

Yes now trading below net asset value

[chc15] 20/10/2023 15:29

Added a few today, as it's ex div next week. Hoping for a little recovery.

[borisjohnsonshair] 13/10/2023 07:04

Where's the link to the report announced today? I can't find it on the Trustintellengece site

[chc15] 12/10/2023 18:58

indeed this has never approached mid 4, nevermind 5, no chance.

[borisjohnsonshair] 05/10/2023 11:30

Exactly my point - FTSE got lots of catching up with SP500 and other stuff.

[strategic trout] 05/10/2023 11:03

How can it be undervalued when it's trading at just over its net asset value (383 with debt at fair value)?

[borisjohnsonshair] 05/10/2023 07:26

Very undervalued. This could easily appreciate to 5 quid. Dividend cover is great and dividend increase in March should be impressive. Buying now should be rewarded if income reinvested.

[tim 3] 27/9/2023 15:31

Also like IT's am in MRCH.CTY are a solid trust with extremely reliable dividends.Negative is they have seen very little capital growth been hovering around £4 for several years and without capital growth 5% return is easily achieved in cash or bonds with less less risk.

[thamestrader] 27/9/2023 07:49

I have become a fan of ITs like this one over the last year or so, holding MRCH, CTY and LWDB.

Now that I have 12 months' performance to review. Annual returns sep22 to sep23, including dividends have been 22% for LWDB, and 12-13% for CTY and MRCH. But september 22 was a major dip, so probably not a fair reference point. However whichever way you slice it and dice it, LWDB is best of the three.

I have recently added EDIN and TMPL into the mix, so let's see how they get on.

[gateside] 31/8/2023 07:26

5.05p dividend paid today

[jong] 27/7/2023 10:01

XD today. 5.05p per share payable on Thursday 31 August.

[sharesoc] 02/7/2023 18:24

In case you missed our webinar with The City of London Investment Trust plc (CTY), the recording can be found on our YouTube channel:

[coxsmn] 01/6/2023 20:18

https://www.bloomberg.com/news/audio/2023-06-01/burnbrae-s-mellon-says-shell-bp-are-good-investments-podcast

[coxsmn] 01/6/2023 11:12

Thanks PeterBill0.37% is very reasonable.

[peterbill] 01/6/2023 09:33

Top holdingsData as at : 30/04/2023Investment % of total assetsShell PLC 4.0BAE Systems PLC 3.8British American Tobacco 3.7Diageo PLC 3.5Unilever PLC 3.4RELX PLC 3.3BP PLC 3.3AstraZeneca PLC 3.1HSBC Holdings PLC 3.0Imperial Brands PLC 2.8



Ongoing Charge - 0.37% (30/06/2022)

[coxsmn] 01/6/2023 06:04

How much is the management charge here?

[thanksamillion] 15/4/2023 10:18

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