City Of London Investment Share Discussion Threads

[ashtongray] 14/4/2011 16:27

Quite a number of the UK Income ITs are currently having to use revenue reserves to make up the dividend payments, not just CTY but also the likes of TMPL, MRCH, CHY. Many of these trusts had large BP. holdings so the hole in their income stream is substantial and (partially) continuing. I note that CHY has just bitten the bullet and reduced the dividend.

[kiwi2007] 14/4/2011 11:03

I think they are committed to paying 13p this year - partially out of reserves as you said.

[jodi17qad] 14/4/2011 10:50

I notice that according to ADVFN, the earnings per share are lower now that the dividends per share, which presumably means that part at least of the dividend will be paid from reserves, or the dividend will be reduced.

[chairman2] 29/3/2011 19:42

bit too exciting

that gearing effect

[chairman2] 10/2/2011 11:58

rolling over
or holding steady

or dead in the water like the board??

[chairman2] 07/10/2010 12:58

The manager seems to be getting all of the attention

does the fund own any shares in the manager?

[washbrook] 21/8/2009 11:43

JULY 31.7.09-UP DATE:-

[shauney2] 19/7/2009 21:05

From the Mail on Sunday

[washbrook] 13/7/2009 09:04

Investment Trusts View
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%

[washbrook] 13/7/2009 08:49

Dividend on the Ordinary Shares

A fourth interim dividend of 3.08p per Ordinary Share of 25p, in respect of the year ending 30 June 2009, will be paid on Friday 28 August 2009 to holders registered at the close of business on 24 July 2009. The Company's shares will go ex-dividend on 22 July 2009.


The total dividend for the year to 30 June 2009 will be 12.32p per share, an increase of 6.2% over the previous year.
---------------------
The share at £2= 6.16% yield
---------------------------

[washbrook] 19/3/2009 08:39

A third interim dividend of 3.08p per ordinary share of 25p, in respect of the year ending 30 June 2009, will therefore be paid on 29 May 2009 to holders registered at the close of business on 24 April 2009. The Company's shares will go ex-dividend on 22 April 2009.

[washbrook] 12/3/2009 09:31

END OF FEB FACT SHEET.CTY buys Smithsnews yld 6.7% divi covered 2.2 times.
Prosafe on the Oslo exchange.

[washbrook] 09/3/2009 10:54

New low for 2009 @171.75p

[washbrook] 28/2/2009 21:39

BLUE CHIP DIVIDENDS TO 28.2.09

Company Dividend +/-
Anglo American Final Cancelled
Astrazeneca Final +11%
Barclays None Cancelled
BHP Billiton Interim +41%
BP Q4 +4%
British American Tobacco Final +29%
Cadbury Final +6%
Capita Final +20%
Centrica Final +2%
HBOS None N/A
Intercontinental Hotels Final Unchanged
Land Securities Q4 Exp -58%
Liberty Final Cancelled
Lloyds Banking Group None Cancelled
Royal Bank of Scotland None Cancelled
Reckitt Benckiser Final -20%
Rio Tinto Final +7%
Rolls Royce Final -4%
Royal Dutch Shell Q4 +11%
Royal Sun Alliance Final +10%
Schroders Final Unchanged
Shire Final +20%
Smith and Nephew Final +10%
Xstrata Final Cancelled

[washbrook] 17/2/2009 10:08

Sold all my holdings at 208p 2 weeks ago. Bought part back at 199.5p today, my view is we will have more downside .
The reporting season is almost upon us.
dissapointments from Ftse 100 companies to come.

[washbrook] 17/2/2009 09:59

LATEST FACT SHEET 31.1.09

[washbrook] 02/2/2009 08:59

Crunch time awaits?.
I am looking at the 1 day candle chart a closing price of 194p on Monday 2.2.09 should see a fall to 186p.

[washbrook] 23/1/2009 08:45

Buying now at 195p is
16.8% cheaper than 1991.
But in 2008 the stock hit 177p which 30.4% cheaper than 1991.
See below.

[washbrook] 04/12/2008 17:22

That a second interim dividend of 3.08p payment 27th FEB 2009.

ex-dividend on 21 January 2009

[washbrook] 28/10/2008 18:13

topvest
I have been adding in the last few weeks.
I missed the boat yesterday I would have topped up my next tranch about your buy.
But I was travelling back home fromvisiting my son & grandchildren.
Didn't get home till 2pm.
Also the low at 178p yesterday is cheaper by 30% than the low of 1991 in the last recession.

[washbrook] 15/10/2008 11:09

.Ex Dividend
Date Pay Date Dividend
Type Amount
Div p/ps Tax
22-10-2008 28-11-2008 INT 3.0800 p Net
23-07-2008 29-08-2008 INT 2.9600 p Net
23-04-2008 30-05-2008 INT 2.9600 p Net
23-01-2008 28-02-2008 INT 2.8400 p Net
24-10-2007 30-11-2007 INT 2.8400 p Net
25-07-2007 31-08-2007 INT 2.6200 p Net
25-04-2007 31-05-2007 INT 2.6200 p Net
24-01-2007 28-02-2007 INT 2.5300 p Net
25-10-2006 30-11-2006 INT 2.5300 p Net