CITY OF LONDON INVESTMENT GROUP PLC (CLIG)

CITY OF LONDON INVESTMENT GROUP PLC (CLIG)

Seminars

ShareSoc Growth Company Seminar, Leeds, November 2017

Click here for the Stockopedia Reports

Blog posts

City of London Group – exemplary transparency, exemplary culture

DISCLOSURE - I hold shares in CLIG and you should consider my comments in that light and with appropriate scepticism – DYOR! On 23rd October I attended CLIG's AGM and Investor Afternoon. These were well advertised, at convenient times and locations and open to all investors - as ShareSoc encourages all businesses to do. Roger Lawson and UKSA's Gerald Roberts joined me at the AGM, and Gerald for the Investor afternoon. A key issue which I raised at the AGM was succession planning, ...

Lloyds Litigation, Collective Redress, and CLIG AGM

I went to the High Court in London this morning to hear the grilling of witnesses in the case brought by shareholders over the acquisition of HBOS by Lloyds. But I was disappointed to find when I got there that the first session was to be held in private – presumably the judge wants to discuss some legal issues with counsel for both sides. So I went to the AGM of City of London Investment Group (CLIG) instead where I hold ...

Can you make money in the FTSE100?

Can you make money by investing in the FTSE100? This thought came to mind when looking at some of the recent market statistics. It's quite an important question because most stock market investors are heavily biased to that segment of the market (as opposed to FTSE250, small cap or AIM stocks) simply because the market cap of the FTSE100 is a very high proportion of the overall UK market. For example, it's about 80% of the FTSE AllShare. So if you ...

City of London Investment Group (CLIG) – a confusing AGM today

City of London Investment Group (CLIG)  – a confusing AGM today I’ll try to tell you briefly “the way it was” to paraphrase the CEOs introduction to his section of the Annual Report. A full report is available here. Barry Olliff is the CEO and this company has succession problems just like Carpetright which was covered in my last blog post. Likewise, they are back at square one after losing a new CEO appointed at the end of 2012, but who departed with ...

AGM Reports

City of London Investment Group (CLIG) AGM 2019

I attended the City of London Investment Group (CLIG) Annual General Meeting this morning (21st October) – not of course to be confused with other City of London companies. CLIG is primarily an investment company that invests in Closed End funds/trusts via a very specific process. It encourages such trusts to close any discount to NAV. Historically it has had a strong focus on emerging markets funds but has been diversifying into other markets and into REITS more recently. Barry Oliff was ...

City of London Investment Group (CLIG) AGM Report 2013

This report is on City of London Investment Group’s Annual General Meeting which took place today – not to be confused with other “City of London” companies of course. CLIG is an investment manager that focuses on the emerging market sector (95% of funds under management) and specifically on “closed end” funds. As with the company on which I last wrote a blog post (Carpetright), there are major succession problems arising from the presence of long-standing and dominant executives who are becoming ...

City of London Investment Trust (CLIG) AGM Report 2012

I have held this general investment trust a very long time - about as long as the fund manager, Job Curtis, has been managing the fund in fact (see below). In other words a very long time, so it was interesting to attend their Annual General Meeting (AGM) yesterday as I don’t always bother. It’s hardly a company where one expects many complaints or surprises at the AGM for reasons that will become apparent from this report, but it was interesting ...

City of London Investment Group (CLIG) AGM Report 2012

City of London Investment Group (CLIG) is a fund manager which specialises in emerging market closed end funds. It should not be confused with other “City of London” companies. I attended the AGM in their offices in the City on the 1st October. There were half a dozen ordinary shareholders present. CLIG had a disappointing year with profits down slightly, and they are expected to fall somewhat again this year. The main reason seems to be that emerging markets have fallen out ...

City of London Investment Group (CLIG) AGM Report 2011

Today I visited the offices of City of London Investment Group (CLIG) in Gracechurch Street, City of London, for their Annual General Meeting. Although it was probably the hottest October day since records began, the directors were all smartly dressed and wearing ties, unlike the 5 ordinary shareholders who attended. A difference from many AGMs was that two of the directors attended by video conference and a third via a telephone conference call, but the main directors were present in person. CLIG ...

ShareSoc News

City of London Investment Trust Removes Performance Fee

PRESS RELEASE 49 (31/07/2013) ShareSoc welcomes the announcement by City of London Investment Trust that it is to remove the manager’s performance fee. In future it will simply pay a flat fee of 0.365% of assets (or 0.35% when net assets are above £1bn – they are currently 0.7bn). City of London IT is one of the largest generalist investment trusts and also one of the best performing over the long term. Despite beating its benchmark index last year, and over the last ...