City Of London Investment Share Discussion Threads

[washbrook] 10/9/2008 08:32

UPDATE
JUNE30.2009
------------------
The UK equity market fell by 3.2% in June as
measured by the FTSE All-Share Index. The large
number and monetary amount of equity raisings
from companies adversely affected the market.
Overall, economic and corporate data continued
to indicate that the worst of the decline was
likely behind us, although confidence still remains
fragile.
The rights issue of $15bn from miner Rio Tinto
was the largest amount of new equity ever issued
on the London Stock Exchange. We sold some of
our Rio holding ahead of the rights entitlement,
given the company's strong performance since
the start of the year and its decision to omit its
interim dividend and reduce other dividends
going forward. City of London is significantly
underexposed to the volatile mining sector
compared with the market average; we are
sceptical that the rally in commodity prices can
continue given the overall weakness in global
demand. In addition, most of these mining
companies do not currently pay dividends
--------------------
TOP 10=45.8%
British American Tobacco=6.2%
BP=6.0%
Royal Dutch Shell=5.2%
GlaxoSmithKline=5.1%
Vodafone =4.9%
Diageo=4.9%
HSBC =4.4%
Scottish & Southern Energy =3.2%
Tesco = 3.2%
National Grid =2.9%






JULY 31.7.09 UPDATE
BP=6.5%
British American Tobacco=6.5%
Royal Dutch Shel=5.9%
GlaxoSmithKline= 5.1%
HSBC=5.0%

Diageo=4.9%
Vodafone =4.9%
Scottish & Southern Energy =3.3%
Tesco=2.9%
National Grid =2.8%

TOP TEN= 47.8% of the Portfolio
------------------------
Fund Manager's Commentary
--------------
Equities experienced an excellent July, with the
market producing a total return of 8.5% as
measured by the FTSE All Share index. Survey
evidence and other economic reports encouraged
hopes for recovery. In addition, the corporate
results season started well with most companies
at least meeting expectations and showing the
benefi ts of cost cutting.
In the oil sector, we added to large positions in
BP and Royal Dutch Shell as they offered better
relative value than Statoil, which we sold, and
ENI, which we reduced. In utilities, we added
to Scottish & Southern Energy, partly fi nanced
by a reduction in exposure to the water sector
after the disappointing regulatory review. Other
activity included adding to AstraZeneca, in the
pharmaceuticals sector, and selling Investec after
a sharp rise in its share price.

[washbrook] 10/9/2008 07:18

Experiment.From 4pm last night
10000 of cty at £25135 (costs)
Sell FTSE sept future at 5405 @£5 point.
----------------------------------------
@8.14am 5375 cty 245p bid £24489 (£646 loss)-FTSE100Set future position(£150profit)
------------------------------------------------------

[washbrook] 09/9/2008 15:56

Bought the stock today a good hedge to protect yourself is The covered put warrant : epic code(SA67)
FTSE PUT WARRANT strike 5600 20th March 2009
------------------------------------------------------------------------

[Abuse team] 11/4/2006 20:19

Post removed by ADVFN

[martest] 10/3/2006 16:41

possibly someone keeping an eye on themand buying on drop in share price ready to buy assets maybe on the cheap.

[marksp] 21/1/2005 15:37

can anyone help with this?

Cty appears to have some unusual buying going on
So afr this year thaere has been a steady imbalance with purcahses>sales and a creeping price rise often against the market

There are also strange tradews for wierd amounts on a number of days - eg 10001 buys
is this a bot building up a stake?

As this is an IT, any idea why someone would be doing this?

ideas would be good as this is one of my core portfolio holdings and i have
rather a lot of them (in small ferrari territory)

Thanks

Mark

[aware of vacuity] 21/4/2004 11:44

ok, why could'nt you close positions

[analyzer] 21/4/2004 08:00

IG Index ! Had several incorrect statements over a period of 18 months, result, dispute and unable to close positions resulting in losses; did the honourable thing any British Gentlemen would; paid up, never to return. Now using D4F CFD's, so much better than spread betting.

[aware of vacuity] 18/4/2004 22:52

analyzer , not haunting you or anything just accidentally bumped into you , i asked a question of you in regard to a statement you made on another thread in which you stated IG had ripped you off, i presume you did'nt revisit the thread as you did'nt answer me or post there again but as a customer of ig i was wondering how they ripped you off as i would like to avoid this situation myself
regards AoV

[washbrook] 18/4/2004 21:22

At 31.12.03 NAV = 211.94 share price =199p
Better value at 16.4.04 nav 215.6p share price =195p

[analyzer] 04/3/2004 17:56

Met the Manager, Job Curtis, yesterday. Very impressed, good current discount. I am buying on the strength of his management qualities, excellent Long term. Bought some more EWI this morning, delighted to see a 4.25p inc already, not bad for an IT ! Good discount, has not caught up with change of manager (to Baillee Gifford) and revamp of portfolio.

[marksp] 06/2/2004 15:03

I am a long termer too
tend to buy another tranche when we have made $$ elsewhere
just building up a stable core

[washbrook] 10/10/2003 14:42

I have invested in this stock off & on for 30years.
Sold in October 2000 and moved back in this week.
Yielding 4.5% dividend increase each year from 1994.
2.10.03 191.9 nav 199.9 discount 4.45%
3.10.03 194 nav202.8 dis=4.3%
6.10.03 193 nav 202.8 dis=4.8%
7.10.03 193.25 nav 203 dis = 5.0%
8.10.03 195 nav 202.9 dis =3.89%
9.10.03 198.25 nav 204.74 dis = 3.16%
31.12.03 199p nav 211.94 dis= 6.1%
14.4.04 sp195p nav 215.6p dis =9.55%
11.1.05 share price 215p nav 230.6p dis =6.76%