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Pin to quick picksCity Lon Inv Regulatory News (CLIG)

Share Price Information for City Lon Inv (CLIG)

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Hardman & Co Research: City of London Investment Group (CLIG): Results full of cash

Mon, 20th Sep 2021 16:30

Hardman & Co Research Hardman & Co Research: City of London Investment Group (CLIG): Results full of cash 20-Sep-2021 / 16:30 GMT/BST


Hardman & Co Research: Results full of cash

City of London has issued its annual report for FY'21. While the headline figures remain impressive after the Karpus transaction last October, it is some of the underlying figures that are the news here. The most eye-catching one for most investors will be the rise in the cash balance, at £25.5m, 75% more than the £14.6m from a year ago. Both the businesses are strongly cash-generative and, unless markets have a strong correction, this will increase further over the next year. At the very least, this will provide a robust balance sheet in the event of any market downturns, but may also provide options for further cash returns.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1234700 20-Sep-2021 

corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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6th Dec 20211:34 pmRNSDirector/PDMR Shareholding
3rd Dec 202112:18 pmRNSDirector/PDMR Shareholding
3rd Dec 202112:16 pmRNSDirector/PDMR Shareholding
3rd Dec 20219:14 amRNSHolding(s) in Company
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