City of London Investment Group (CLIG)

Sector:

Financials

Index:

FTSE Small Cap

407.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 474.00p
  • 52 Week Low: 275.00p
  • Currency: UK Pounds
  • Shares Issued: 50.68m
  • Volume: 10,645
  • Market Cap: £206.26m
  • RiskGrade: 195

City of London Investment Group makes good first-half progress

By Josh White

Date: Monday 19 Feb 2018

LONDON (ShareCast) - (ShareCast News) - City of London Investment Group released its half-year results for the six months to 31 December on Monday, with funds under management reaching $5.3bn (£3.9bn) at period end, rising from $4.7bn at the beginning of the financial year.
The London-listed firm said funds under management as at 31 January were $5.8bn.

Revenues representing the group's management fees on funds under management were £17.1m, up from £15.4m a year earlier.

Profit before tax was £6.6m, rising from £5.8m, with the board confirming an increased interim dividend of 9p per share, up from 8p.

That would be payable on 16 March to shareholders on the register on 2 March.

Cash and cash equivalents at period end totalled £15.6m - a sizeable year-on-year increase from £10.5m.

"Notwithstanding the major gains witnessed in 2017 across global equity markets, the exceptional value we find in emerging market closed-end funds and holding companies gives us confidence that we continue to be well placed to deliver strong relative returns," commented chairman David Cardale on the firm's outlook.

"This, combined with the traction now achieved with our diversification products, justifies my confidence in anticipating a successful outcome for the full year."

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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.

 

CLIG Market Data

Currency UK Pounds
Share Price 407.00p
Change Today -2.00p
% Change -0.49 %
52 Week High 474.00p
52 Week Low 275.00p
Volume 10,645
Shares Issued 50.68m
Market Cap £206.26m
RiskGrade 195

CLIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.46% above the market average88.46% above the market average88.46% above the market average88.46% above the market average88.46% above the market average
83.94% above the sector average83.94% above the sector average83.94% above the sector average83.94% above the sector average83.94% above the sector average
Price Trend
44.22% above the market average44.22% above the market average44.22% above the market average44.22% above the market average44.22% above the market average
52.78% above the sector average52.78% above the sector average52.78% above the sector average52.78% above the sector average52.78% above the sector average
Income
73.25% above the market average73.25% above the market average73.25% above the market average73.25% above the market average73.25% above the market average
64.56% above the sector average64.56% above the sector average64.56% above the sector average64.56% above the sector average64.56% above the sector average
Growth
75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average
81.97% below the sector average81.97% below the sector average81.97% below the sector average81.97% below the sector average81.97% below the sector average

CLIG Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Oct-20 05-Mar-20
Paid 30-Oct-20 20-Mar-20
Amount 20.00p 10.00p

Trades for 23-Oct-2020

Time Volume / Share Price
10:34 1,750 @ 408.46p
09:31 1,000 @ 404.00p
08:50 4,895 @ 408.50p

CLIG Key Personnel

CEO Thomas W Griffith
Finance Director T A Ridrugues

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