City Of London Investment Share Discussion Threads

[andyj] 01/2/2021 00:11

A rare opportunity to buy below NAV at the moment.

[damanko] 26/1/2021 18:09

Cheers UK1, not everybody will have been aware, good to know.

[ukneonboy] 26/1/2021 11:48

Just in case anybody was not aware - here is some useful dividend data

Shares quoted "ex div" on 28-Jan-21

Dividend paid 26-Feb-21

Rate of dividend 4.75p per share

[damanko] 14/1/2021 19:53

Good luck ttg,

Keep the shares for a few years.

Reinvest the dividends of course.

I think you'll do okay.

Regards.

d

[ttg100] 14/1/2021 13:09

bought a few for the bottom drawer

[damanko] 11/12/2020 10:26

Boozey,

"The dividend is very modest". Really? Compared to current interest rates?. A strange comment in my view, given what is happening with Bank & Building Society accounts.

In any case, and leaving aside the more or less non existent income from putting money into a Bank or BS, my yield in CTY is hovering around the 20% mark.

Not a boast, simply a fact. I guess it depends how long ago an investment in CTY was made.

Go well etc, I reckon long term holders, or current investors with a long term view on this IT will do okay, as long as they ignore the blips, ignore market gyrations, and of course reinvest the dividends until such time that they require a cash income.

panshanger: Excellent point, one that the press seems to ignore, and always has, the Weekend money sections relentlessly recommend Unit Trusts, with far higher costs, and often mediocre performance by comparison.

bothdavis: Great post, concise, straight to the point. Though I wonder just how many people (in the big picture) are aware of what you've posted.

To put some of this City of London IT stuff into context:

This thread on ADVFN was started over 12 years ago.

And look at the number of posts... Enough said.


d.

[panshanger1] 11/12/2020 09:32

-And a dividend that has been increased every year for over half a century

[bothdavis] 11/12/2020 09:05

When you can get 0.1% on savings accounts I think the current 5.2% yield of City of London is damn good!

[boozey] 10/12/2020 23:56

A solid stock, the dividend is very modest - consistent but modest.

[mike the mechanic] 10/12/2020 10:19

Sign of investors looking for dividend income I think

[tim 3] 02/11/2020 11:26

HI guys.
Notice these are trading over 4% premium to nav, well above 12 month average, a sign of confidence?

[chc15] 22/10/2020 08:16

Might top up here, ex div next week.

[losos] 05/10/2020 11:48

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

[losos] 05/10/2020 11:46

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 09:09

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 11:36

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 20:30

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 13:43

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

[panshanger1] 27/8/2020 10:40

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

[mirandaj] 26/8/2020 12:04

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 09:46

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

[zac0_4] 10/7/2020 16:20

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!