City of London Inv Trust (CTY)

Sector:

Investment Firms

Index:

FTSE 250

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 419.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 436.00
  • 52 Week Low: 376.00
  • Currency: UK Pounds
  • Shares Issued: 376.58m
  • Volume: 398,330
  • Market Cap: £1,577.89m
  • RiskGrade: 51
  • 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 419.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 436.00
52 Week Low 376.00
Volume 398,330
Shares Issued 376.58m
Market Cap £1,577.89m
Beta 0.01
RiskGrade 51

CTY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.63% below the market average58.63% below the market average58.63% below the market average58.63% below the market average58.63% below the market average
48.21% below the sector average48.21% below the sector average48.21% below the sector average48.21% below the sector average48.21% below the sector average
Price Trend
12.62% above the market average12.62% above the market average12.62% above the market average12.62% above the market average12.62% above the market average
2.69% below the sector average2.69% below the sector average2.69% below the sector average2.69% below the sector average2.69% below the sector average
Income
10.59% below the market average10.59% below the market average10.59% below the market average10.59% below the market average10.59% below the market average
36.72% above the sector average36.72% above the sector average36.72% above the sector average36.72% above the sector average36.72% above the sector average
Growth
29.37% below the market average29.37% below the market average29.37% below the market average29.37% below the market average29.37% below the market average
6.16% below the sector average6.16% below the sector average6.16% below the sector average6.16% below the sector average6.16% below the sector average

CTY Dividends

  Latest Previous
  Q3 Q2
Ex-Div 25-Apr-19 24-Jan-19
Paid 31-May-19 28-Feb-19
Amount 4.75p 4.55p

Trades for 17-Jun-2019

Time Volume / Share Price
16:35 10,090 @ 419.00p
16:29 1,184 @ 419.95p
16:29 9 @ 420.00p
16:25 1,184 @ 419.95p
16:24 222 @ 420.00p

CTY Key Personnel

Chair Philip Remnant

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