City Of London Investment Share Discussion Threads

[losos] 05/10/2020 10:48

UKNEONBOY - Having the DT's Questor as a big fan is not necessarily a good thing haha.

[losos] 05/10/2020 10:46

North Sea Boy - "I do care about the divi"

I'm in exactly the same position, dividends matter to me a lot, I'm not expecting to be around forever so why should I care what the share price is when I snuff it, a lower figure will help mitigate my inheritance tax liablity haha.

[ukneonboy] 25/9/2020 08:09

Glad to see that the company is being proactive during this downturn, by buying-in their own shares, whilst the share price is down.

Questor in the Daily Telegraph is apparently a big fan of City of London I.T. too.

[chc15] 23/9/2020 10:36

Fair enough, I did top up yesterday, I'm reinvesting divs for now, gnu be a long-term hold.

[north sea boy] 22/9/2020 19:30

To be honest, I (and I guess many others?) do care about the divi; I am retired and have invested in this, and other Investment Trusts and shares, to provide me with a reasonable and (previously) reliable second income to supplement my private pension.

Yes I worry about capital erosion, but loss of divi would be a significantly greater concern and immediate impact for me.

Best wishes.

NSB

[chc15] 22/9/2020 12:43

Who cares abt divi, the total return has been awful, capital destruction.

[panshanger1] 27/8/2020 09:40

Added again and also opened a position in HFEL today Liked the June statement from Henderson

[mirandaj] 26/8/2020 11:04

Interesting comments and podcast is worth listening to.

Job Curtis, manager of the City of London investment trust, explains how he responded as scores of UK companies cut dividends.


 
 

[panshanger1] 26/8/2020 08:46

Added here today and over at MRCHLooking for reliable dividend income at reasonable price

[zac0_4] 10/7/2020 15:20

EJ - yes, in hindsight the mistake I've made with part of my portfolio is to (i) have focused on dividend paying investments, and (ii) been too reliant on UK shares. Big losers ytd are L&G -31% and SLA -19%. I hold 3 income paying investment trusts HFEL -9%, HHI -27% and MRCH, but this is a relatively new holding. My investment funds have performed much better, L&G Global Tech +19%, Rathbone Global Opps +15% and LF Blue Whale Global Growth +15% as examples. Thankfully the largest proportion of my investments are in funds and not dividend paying shares / trusts. At it's worst, mid March, I was about 27% behind the start of the year. Currently I'm about 5% down, which considering what's gone on I'm ok with. I really like the look of some of your trusts. I do understand the liquidity point you make, however, there's probably another benefit for me. As most of my funds are held with either the Fidelity or HL platforms I pay costs. With shares / trusts, certainly on the HL site, there's no costs to hold. I still believe that investing simply for capital growth wins hands down over investing for income. My experiences would back that statement up. Good Luck!

[zac0_4] 10/7/2020 11:12

panshanger1 - pretty much all of my dividend paying shares / trusts have performed appallingly throughout this crisis. However, most of my investments in global growth funds have delivered a good return over the last 6 months. Strategy now is to move away from individual dividend paying shares into investment trusts for income. Longer term I think global growth funds are probably the way to go for me and drawdown capital for income as and when required. Currently hold the following trusts: MRCH, HHI & HFEL. Good luck.

[panshanger1] 10/7/2020 10:21

3000 Looking to add though as switching some of my investments from growth and wealth preservation to incomeDiv looks safe - and hero status obviously but if things get really tricky they may have to cut Sold some PNL to fund this Also added MRCH yesterday GLA

[damanko] 10/7/2020 09:27

Interesting post... on a very underused thread.

Pan, what's your definition of a few? Nobody knows your real name/identity, so if you're up for it, be honest...

Over the years I've sold most of my investments once they achieved a certain profit margin, and put the proceeds into the bank & CTY, more or less 50/50.

In fact CTY is now the only holding in my SIPP.

Always reinvested, since the 80's. Good luck with your investment, it won't shock or amaze you on any given day, but should gently rise over the months and years. In my opinion it's one of the best barometers of the UK's financial health.

Long may that continue, I need only to look at the share price to see how the FTSE 100 & 250 have performed any weekday of the year.

Regards.

d.

[panshanger1] 10/7/2020 08:57

Picked up a few

[damanko] 14/3/2020 20:28

Quite possibly. Though having been an investor in CTY for 25+ years, and always reinvesting the dividends I'm not overly worried.

Sure, bad things happen, they always will. Though having survived '87, the late 90's currency crisis, the dot com boom a couple of years later, the Gulf Wars of '91 and 2003, the credit crisis of 2008/9 etc etc…

My opinion is that your money is reasonably safe Chris. If I was a young buck I'd consider putting some money into City of London right now.

However I ain't a young buck any longer, plus my yield on my original is well north of 20%.

Go well, none of us should panic at this time.

d

[chrissmith2] 13/3/2020 09:47

Crazy market. 50 years of dividend increase and now paying 5.80%.
Will still fall further?

[johnwig] 23/1/2020 14:56

CTY ex dividend today

[tim 3] 16/12/2017 18:51

Hi killing time.

Thanks for the reply interesting about Hargreaves. I think its popularity currently is probably partly because there are many cautious investors who would normally invest in fixed interest savings bonds ect but are being forced to look for something with more risk due to the shocking returns available there.

Yes and certainly wish I had been in a position to buy when we had Brexit!

Hope EDIN comes good for you.

[killing_time] 15/12/2017 20:44

Hi Tim 3.

When we had brexit about a year and a half ago I bought a lot of funds that got hammered that day. I bought two funds to make my core holding, CTY and Edinburgh trust.
Today I am about 15% up on CTY and only about 3% up on EDIN not including dividends which CTY are greater.

I view CTY as solid with a good dividend but over the last 6 months EDIN has been shocking.

CTY is very popular with Hargreaves Lansdown customers drip feeding money in as its always near the top of the favourite funds customers buy, which im guessing is because of the good dividend and steady performance which is why its now my biggest fund. KT.

PS: don't talk to me about EDIN. :-(

[tim 3] 15/12/2017 20:39

Thanks North SeaBoy.

More or less confirms my own views.

Its encouraging that they were able to grow the dividend even during the financial crisis as I do fear that in the next few years there could well be some sort of correction and I think some of thee defensive investments could see substantial falls.