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CLIG - slowly but surely getting back to where the sp should be with a nice divi along the way.
Started: Paul2566, 26 Mar 2024 12:27
Last post: Paul2566, 21 May 2024 13:43
Guitarsolo
While I appreciate your comments are not advice, they seemed reasonable based on your experience. I haven't increased my holding of 3567 shares, but did hold. I may well add more to bring my average down in the event they fall below around the £3.3. If they don't go that low I will be happy to hold and take the dividend. ATB
Clig has been a rock solid dividend payer for me for over 10 years. Unfortunately capital decline has offset the dividends, so we wait for lower interest rates to boost high yielding shares.
As an asset manager, this is by no means the worst in my portfolio. All asset managers have taken fairly substantial hits over the last few years, as money left equities and moved into bonds and gilts. The hope of course is that trade might unwind somewhat as rates fall but that may be a fairly slow process. Still, the div is nice while we wait.
Guitarsolo
Thank you for your response, its nice to get anothers views.
I have only held CLIG since August 2022, so not long.
I tend to think I bought the right company at the wrong time, hence including dividends thus far I'm still £2.4k down.
Unfortunately my average including taxes etc. is £4.0165.
I suspect once the base rate has dropped a couple of times my loss will narrow.
ATB
Hi Paul,
CLIG is definitely one of those shares where your buying price matters more than most. I first invested over 10 years ago (I think) at 240p when it was paying 24p dividends. That tranche has done well.
I've also added at what, in hindsight, was way too high in the 430s.
My take on CLIG is that it is a reasonable asset manager that won't set the world on fire but will pay a high dividend. I don't expect the dividend to increase until EPS is improving (and that depends on AUM).
Personally, I will now only add when the yield is over 10% (i.e. share price under 330p). I think if you do that you've got some protection against capital erosion, hopefully a chance at capital gain (at times), and a high dividend while you wait.
Just my thoughts of course!
Guitarsolo
I already hold these and have averaged down a couple of times. Its starting to feel like I am just chasing the price down.
The dividend is nice but not if it fails to compensate for capital lost.
Any insights shared would be appreciated.
Started: Pokerchips, 22 Jan 2024 11:16
Last post: Pokerchips, 28 Feb 2024 14:42
Ex Div tomorrow - 11p
Pay 28th March
Hi Pokerchips,
I'm pleased to see projections that the dividend cover will exceed x1.0 and creep up (albeit they're only projections).
I've been in CLIG since October 2013 when I bought in for 240p when the dividend was 24p. I've added over the years since, sometimes a bit too high in hindsight.
Bottom line, this is a solid investment if you can buy at a 10% yield. That was available recently and most likely will be again at some point. I wish the company was a bit more consistent with its performance as that would attract more funds. I wish too they would give a little more to the shareholders! But it's not bad overall, especially if you can be restrained to wait for the 10% yield opportunities.
Guitarsolo
Dividend cover and projected earnings is useful
http://www.rns-pdf.londonstockexchange.com/rns/3692A_1-2024-1-20.pdf
"The Group estimates the unaudited profit before amortisation and taxation for the six months ended 31 December 2023 to be approximately US$13.9 million (six months ended 31 December 2022: US$13.8 million, restated in USD based on average exchange rate)."
" Cash and cash equivalents stood at US$28.8 million at the end of the calendar year (US$28.6 million as at 30 June 2023, restated in USD based on closing exchange rate), in addition to the seed investments of US$2.4 million"
"The Board declares an interim dividend of 11p per share, which will be paid on 28 March 2024 to shareholders registered at the close of business on 1 March 2024 (2022: 11 pence)."
Started: HJNM, 25 Jul 2023 09:31
Last post: Squiffy, 26 Jan 2024 10:48
Seems to be on the up now anyway and if they maintain divi at last years level must make it about 9% or more at £3.60 sp.
Not bad if interest rates start falling.
Had this share many years along with reasonable divis,bought more at 315p recently . The spread is huge and the bid never seems to reflect any short term rise.
I bought more here at 319p. The company says it thinks it can continue to pay the good dividend but blog/market commentary suggest they will find it difficult given 2023 performance and continued performance of Developing market funds
I guess it depends on whether Interest rates drop back over the year and money moves out of the Dollar and into elsewhere
I dont mind holding into 2025 on this one
RNS was positive wasn’t it? I’ve bought some more anyway.
Started: bbrinkw, 28 Sep 2023 12:34
Last post: bbrinkw, 28 Sep 2023 12:34
Ex dividend today hence the drop. Dividend to be paid is 22p ; todays sp drop is 19p.
Final & interim is 33p, so 8.6% annual yield. Not including the 13.5p special dividend paid in March this year.
Last post: Pokerchips, 14 Apr 2023 15:03
directors.t.a.l.k.c.o.m (take out the dots)
https://www.***************************/city-of-london-investment-group-solid-results-in-volatile-markets/4121111513
I would consider adding below £4.5, although I don't intend do at this moment.
Anything below £4 would be a buy for me as I believe thats an incredible entry point, but I don't see any reasons at this time why it should reach that level.
My current average is £4.126, and I'm more than happy to hold at that price. If I had more free cash I would like to increase my holding, but I don't so have to put the money to work elsewhere.
not helped by being the turkey voting for Christmas, if they vote to go along with JPMorgan's plans to change JRS into JEMEA...JRS has been a basket case since March, but there is potentially substantial value to be released when Russia/Ukr/NATO/ USA situation calms down...why screw around with it now...CLIG say ethical concerns??? if they had ethical concerns they would have sold out in March
Fum reducing every quarter without a respite. What was a reliable sustainable fund has morph.d into a quagmire.
Exit stage left pdq
Started: HJNM, 19 Jul 2022 09:00
Last post: CarpeDiem1, 19 Jul 2022 14:05
Most of the damage was emerging markets and we know that CLIG was affected by Russian holdings to some extent, also China must be having an impact. Still, dividend maintained...for now.
I have also held it . for. many. years and it appears t be. very well managed. I. am. sure it . will recover. when the. markets. do and. they are . very "dividend. friendly"
The dividend is always welcome but I thought the results were disappointing with funds under management (est.) down by about 20% (correct me if I'm wrong). I have held this share for years and it has always performed quite well - I think it is an example of the overall malaise in financial stocks at the moment. I had hoped the US tie up would have been more transformational - early days perhaps.
This board has been quiet for a long time. How do people feel about the results today? 22p dividend is nice.
Started: bbrinkw, 2 Feb 2022 23:42
Last post: Patrm, 18 Feb 2022 17:25
Ex dividend this month and paid 24.5p in March - interim and including a special dividend.
So at 500p last week, I reckon that's 9% full year return .
Lovely performing equity for my SIPP.
Started: eGGBACONANDBUBBL, 2 Dec 2021 15:35
Last post: doze, 3 Dec 2021 13:00
I see 1/2m bought by Barry Olliff (100k), Barry Aling (50k) and Employee Benefit Trust (350k) yesterday.
Probably Oliff and Karpus selling some of their holdings. I'm focussed on the 7% forward yield rather than day to day movements. If it offers 8% or 9% yield I will add more.
who knows, but thats a lot of available shares right now.... fair few m sold off today.
but still the price is propped up....
Ballio
What was/is that all about?
Started: HJNM, 13 Sep 2021 22:07
Last post: HJNM, 13 Sep 2021 22:07
Good set of results...Trading212 didn't seem to have this share move right until the end of the day.
Started: buysell, 21 Jul 2021 21:56
Last post: buysell, 26 Jul 2021 20:29
Sorry about that. Need to get new glasses
That's City of London Investment Trust (CTY), not CLIG.
Started: Fallingknife1, 13 Jul 2021 20:47
Last post: Fallingknife1, 13 Jul 2021 20:47
Given a thumbs up by the market too so no sell on the news. I can see CLIG making 600p. Yield is quite tasty and worth ploughing back in. Steady performer where investors can sleep easily at night. Keep buying.
Started: tricky1276, 26 Mar 2021 14:26
Last post: tricky1276, 26 Mar 2021 14:26
This has fallen 22 points to 514 . Must be wishful thinking on the part of the MMs because it has not actually traded at 514.
The most significant trade was for 5000 at 529 for 26.7 k the average is probably around 524
Me thinks they are trying it on
Started: tricky1276, 11 Mar 2021 13:41
Last post: tricky1276, 11 Mar 2021 13:41
stimulus about to signed into law in the US could have a significant positive impact for a wealth management company such as Karpus .
Funds under management could shortly be taking a large leg up.
Started: tricky1276, 6 Mar 2021 09:28
Last post: tricky1276, 6 Mar 2021 09:28
to pick up 1014 @ 493 on Friday . On an ex div of 11 this has fallen about 30 somewhat overdone it would appear.
Started: Fallingknife1, 6 Feb 2021 21:52
Last post: tricky1276, 4 Mar 2021 16:17
I have tried several times to buy today ex div but could not get it under 500 on HL. Already well in profit with my holding but just fancied a few more
I bought in December at 442p. With the wide spread and dip shortly after I was down about 5% for a while and wondered if I made the wrong decision. After the earnings results in Jan I was glad I didn't sell. I should have bought more than I did.
Yep 500 breached ,still a bargain buy and a strong sustainable div yield
of 500pand no reason why it can't push through given recent momentum. Very strong performer and worth buying on any profit taking. All in the absence of a general market correction of course.
Started: Fallingknife1, 14 Sep 2020 09:46
Last post: sharehunter3, 17 Sep 2020 15:27
good to see clig up some again , not watching much today ,watching ncyt as more buyers starting to movi into that share ,
hoping clig ,may move up more this afternoon
and a nice move up today already ,hoping for a strong afternoon
in difficult times. Good cash reserves and a 7.5% yield. And will be more diversified after the merger. I will be reinvesting my divi in October.
Started: sharehunter3, 9 Sep 2020 14:15
Last post: sharehunter3, 9 Sep 2020 14:15
good to see another tick up with share price ,as more buyers look to like the potential here at clig
Started: tricky1276, 14 Jul 2020 10:05
Last post: tricky1276, 14 Jul 2020 10:05
decent update , final para " the board intends to at least maintain the final div ".
A 6% yield in these tough times is very much appreciated
Started: Fallingknife1, 9 Jun 2020 09:40
Last post: Fallingknife1, 9 Jun 2020 10:20
479p* in good times. Correction
and gives some scale and diversity to CLIG. An all share merger is a statement of confidence in CLIG and already the american company have gained by a 6%+ rise in the value of CLIG today. ASCLIG was 47p in good times perhaps there is 33% upside here to 500p on the back of this news in the median term.
Started: Fallingknife1, 17 Feb 2020 10:41
Last post: RudolphToo, 17 Feb 2020 16:52
Fat fingers, should be CLIG.GB.PL
On this site, Glig,gb.pl shows all the NEX trades.
I bought more this morning and along with many others they were traded on the NEX exchange. They also were printed as sells. I don't see any way of seeing NEX trades here but in the other place they are shown as CLIG.GB
admittedly in a benign market performance last year. Nice hike in the divi is always pleasing. Good cost control and a value led investment approach means the company is well placed to weather any downturn. Not long to wait until the divi and I will be reinvesting mine into the company.
Started: Fallingknife1, 14 Jan 2020 08:54
Last post: Fallingknife1, 14 Jan 2020 08:54
Sterling performance by CLIG and not up with events here. Maybe not racy enough for investors but with FUM up a third, a 10% rise in the divi and profits up almost a fifth this one is well worth backing. Today's 3.28% rise barely does it justice.
Started: Fallingknife1, 30 Oct 2019 13:28
Last post: Fallingknife1, 30 Oct 2019 13:28
pushing up the price? Nice to see CLIG recover part of the divi. I think CLIG at these levels provide a decent yield with little capital downside. In the event of a retrace to 400p I would add as the yield is good here and a recovery is likely long-term.
Started: ShareSocUK, 25 Oct 2019 13:30
Last post: ShareSocUK, 25 Oct 2019 13:30
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Started: Fallingknife1, 16 Oct 2019 14:18
Last post: Fallingknife1, 16 Oct 2019 14:18
but seems to yoyo between 433p buys and 422p sells. There was a hint of a breakout when 454p became the ask but it quickly dropped back. I think it is marking time at the moment and a move through 450p is inevitable. I expect 18p will be lobbed off for the divi though as the vote is held next Monday and payment on the 29th. I am not sure if the divi is already accounted for?