City Of London Investment Trust Plc

-3.00 (-0.74%)
Share Name Share Symbol Market Type Share ISIN Share Description
City Of London Investment Trust Plc LSE:CTY London Ordinary Share GB0001990497 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -0.74% 404.00 387,556 14:40:59
Bid Price Offer Price High Price Low Price Open Price
403.50 404.50 407.00 404.00 406.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mgmt Invt Offices, Open-end 111.61 99.23 21.60 20.25 1,994.24
Last Trade Time Trade Type Trade Size Trade Price Currency
14:43:59 O 234 403.7505 GBX

City Of London Investment (CTY) Latest News

City Of London Investment (CTY) Discussions and Chat

City Of London Investment Forums and Chat

Date Time Title Posts
29/5/202312:31A good Investment Trust205
15/4/202311:18help please11
21/4/200412:44Long Term Track record.6

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City Of London Investment (CTY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

City Of London Investment (CTY) Top Chat Posts

Top Posts
Posted at 30/12/2022 07:53 by gateside
Interactive Investor pay CTY dividends directly into my ISA account, the same as all my other dividends.
Posted at 28/12/2022 15:17 by u813061
CTY features in my best investment trusts of 2022. For further analysis and to see the other investment trusts are also featured, click on this link hxxps://youtu.be/5j5cTeEW8k0
Posted at 03/12/2022 12:03 by mirandaj
Posted at 03/12/2022 09:06 by killing_time
Yep, I haven't received the CTY div yet. HL are getting worse at paying dividends on time. Probably turn up on Monday.
Posted at 03/12/2022 08:48 by thamestrader
Anybody with HL received/not received their dividend yet?
Should've been paid on 30 November.
Unlike HL or CTY to be late.

Posted at 31/8/2022 14:54 by mike the mechanic
The money is invested in more shares by CTY in line with the investment policy.
Because CTY share price is at a premium to the net asset value this should be a benefit to existing shareholders
Conversely investment trusts trading at a discount to the net asset value often buy back shares as it should increase the value per share

Posted at 31/8/2022 13:42 by c29110
Issue of equity question?

In June 22 alone CTY issued over 4.4 million shares. What do they do with this money?

I hear Job talking about selling positions to buy into other shares but never any talk of the money raised through issue of equity.

Posted at 22/7/2022 08:36 by income investor
Many thanks for posting the webinar. I have held CTY for all of Job Curtis's 31 years as manager. It has been a good steady Eddie that let's you sleep at night. It doesn't have the excitement of Scottish Mortgage but it is very reliable and a good conservative income equity fund which continued to grow its dividends through the Global Financial Crisis and the COVID pandemic!
Posted at 22/6/2022 13:32 by c29110
ssue of Equity. What does this mean exactly???? Cty keep issuing more and more shares. The most recent on the 17th June 2022 where they released another 470k shares.

In March 2009 there were around 207 million cty shares but now there are 458 million.

I thought investment trusts only had a certain amount of shares and that was it.

Are cty share holders being diluted or have I got the wrong end of the stick?

Will be very grateful if someone could please explain this.

Posted at 17/10/2021 18:07 by thamestrader
II had this to say.......

QuotedData highlights the fact that Finsbury Growth & Income Ord FGT and City of London Ord CTY trust, one of the three on a premium, are not only the largest trusts in the sector but the ones pulling in new business: CTY issued more than £106 million of new shares in the 12 months to end June 2021.

Yet CTY’s long-term figures lag most trusts at just 3.9% per year over the past five years. Only two trusts, Temple Bar Ord TMPL and Edinburgh Investment Ord EDIN, returned less, and TMPL’s performance has picked up markedly since a managerial change last year. In contrast, FGT has returned more than 9% a year over that five-year time frame.

It begs the question of why investors persistently return to CTY. James Carthew of QuotedData points to its status as an Association of Investment Companies' (AIC) dividend hero with 55 years of unbroken dividend growth. “CTY gets a lot of attention for leading the dividend hero table,” he explains. “Additionally, manager Job Curtis has a great reputation. It’s also large, and I think there’s a tendency for people to associate size with success and solidity.”

Nonetheless, the data suggests there may be stronger candidates for anyone looking at the sector’s capacity to deliver steady total returns and reliable income streams through difficult times, and keen to capitalise on these surprisingly sticky discounts of up to 9%. “Why not pick up a bargain if you can?” Carthew asks.

QuotedData ranked the UK equity income trusts from 1 to 22 (where 1 is highest) on each of six measures: yield, five-year NAV total returns, five-year dividend growth, discount, size and number of years’ consecutive dividend growth. A simple overall ranking was calculated by simply adding the six numbers together for each trust, so the one with the smallest total tops the table.

(CTY came 8th in the table, LWDB came top).

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