City of London Inv Trust (CTY)

Sector:

Investment Firms

Index:

FTSE 250

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405.50p
   
  • Change Today:
    -3.00p
  • 52 Week High: 431.50
  • 52 Week Low: 376.00
  • Currency: UK Pounds
  • Shares Issued: 378.31m
  • Volume: 542,439
  • Market Cap: £1,534.05m
  • RiskGrade: 72
  • Beta: 0.01

City of London Investment Trust shares up on annual results

By Josh White

Date: Tuesday 20 Sep 2016

LONDON (ShareCast) - (ShareCast News) - City of London Investment Trust posted its annual report for the year to 30 June on Tuesday, with net asset value total return performance of 3.1%, less than half the 6.1% rate seen in 2015, and share price performance of 0.4%, down from 7.2%.
The FTSE 250 firm reported total net asset value return per share of 382.2p, down from 386.3p, with share price total return of 378.1p down from 392.5p.

Its gearing at year-end was 8%, up from 6%, and revenue earnings per share grew to 17.4p from 16.8p.

City of London IT paid dividends of 15.9p per share, up from 15.3p a year earlier, and reported revenue reserve per share of 13.5p, an increase from 12.5p.

Its share price discount for the period was 1.1%, compared to a premium of 1.6% in 2015.

"In a flat year for equity returns our NAV total return was 3.1%, ahead of our sector and market benchmarks," said chairman Philip Remnant.

"We passed a major milestone in becoming the first investment trust to increase its dividend for the 50th consecutive year."

At 0900 BST, shares in the City of London Investment Trust were up 0.4% to 404.2p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CTY Market Data

Currency UK Pounds
Share Price 405.50p
Change Today -3.00p
% Change -0.73 %
52 Week High 431.50
52 Week Low 376.00
Volume 542,439
Shares Issued 378.31m
Market Cap £1,534.05m
Beta 0.01
RiskGrade 72

CTY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.49% below the market average56.49% below the market average56.49% below the market average56.49% below the market average56.49% below the market average
41% below the sector average41% below the sector average41% below the sector average41% below the sector average41% below the sector average
Price Trend
14.09% above the market average14.09% above the market average14.09% above the market average14.09% above the market average14.09% above the market average
14.13% below the sector average14.13% below the sector average14.13% below the sector average14.13% below the sector average14.13% below the sector average
Income
9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average9.25% below the market average
35.63% above the sector average35.63% above the sector average35.63% above the sector average35.63% above the sector average35.63% above the sector average
Growth
30.06% below the market average30.06% below the market average30.06% below the market average30.06% below the market average30.06% below the market average
13.53% below the sector average13.53% below the sector average13.53% below the sector average13.53% below the sector average13.53% below the sector average

CTY Dividends

  Latest Previous
  Q4 Q3
Ex-Div 25-Jul-19 25-Apr-19
Paid 30-Aug-19 31-May-19
Amount 4.75p 4.75p

Trades for 22-Aug-2019

Time Volume / Share Price
16:35 25,985 @ 405.50p
16:29 117 @ 405.00p
16:29 243 @ 404.49p
16:27 500 @ 404.74p
16:24 500 @ 404.74p

CTY Key Personnel

Chair Philip Remnant

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