RE: Buy or Sell28 Mar 2024 15:35
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