City Of London Investment Management

Date:

First Half 2022 Earnings: Eps In Line With Expectations Revenues Disappoint

Lord Mayor of London on plans to attract investment, ramp up assets under management

First half 2022 results: EPS: UK£0.21 . Revenue: UK£31.4m . Net income: UK£10.6m . Profit margin: 34% . The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.2%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the companys share price has increased by 9% per year.

City Of London Investment Group

City of London Investment Group is a fund manager whose main focus is investing in emerging markets via closed end funds. Its process starts with macro-economic analysis, using a broad range of criteria to assess attractive economies. It then applies detailed manager analysis and valuation criteria to stock selection. It also engages with managers of funds, pro-actively encouraging corporate activity when necessary. Clients are almost entirely institutional, with over 90% based in the US. Operationally City of London has offices in London, both coasts of the US, Singapore and Dubai.Over the last few years it has added other strategies, including using the same process for Developed and Frontier markets and a tactical asset allocation product, now called Opportunistic Value. Having established credible track records in all of these areas, it is now growing assets outside its traditional emerging markets business.

Board Member Exercised Options To Buy Uk191k Worth Of Stock

On the 23rd of February, Mark Dwyer exercised 50.00k options at around UK£3.60, then sold 12.50k of them at UK£5.34 each and kept the remainder. Since March 2021, Mark’s direct individual holding has increased from 210.99k shares to 239.59k. Company insiders have collectively bought UK£670k more than they sold, via options and on-market transactions, in the last 12 months.

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The City Of London Investment Trust

Launched in 1891, the City of London Investment Trust is one of the longest-running investment trusts in the UK. It aims to provide growth in income and capital by investing predominantly in larger UK companies with international exposure. It has increased its dividend payment every year for the past 55 years.

W 002/08 Pib City Of London Investment Management Company Limited

City of London Investment Group agrees to all share merger with Karpus ...

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WAIVER AND MODIFICATION NOTICE

City of London Investment Management Company Limited
Address18th Floor, Burjuman Business TowerDubai, United Arab Emirates
W002/2008

THE DFSA HEREBY GIVES NOTICE THAT:

1. The Rules specified in Table A herein do not apply to the above mentionedPerson.2. The Rules specified in the left hand column of Table B herein do not apply to theabove mentioned Person in the form appearing in the Rulebook but instead applyas modified in the right hand column of the table.

RULES WAIVED

As a consequence of waiving the Rules below, Table 2 in PIB chapter 1 is to be construedaccordingly.

TABLE A
All Rules in sections and

RULES MODIFIED

The Rules specified in the left hand column are modified to the extent shown in the right handcolumn of the table below. In this table, underlining indicates new text and striking throughindicates deleted text, otherwise the Rule remains unaltered. Where a significant number ofthe paragraphs of the Rule remain un-altered the entire Rule may not be reproduced in thetable. In such circumstances the un-altered parts of the Rule will be referred to by the relevantidentifying paragraph number or letter, as the case may be.

CONDITIONS

This notice waiving and modifying prudential Rules remains in effect for the duration or theperiod set out below on condition that the above named Person to whom this notice applies:

EFFECTIVE PERIOD

INTERPRETATION

THIS NOTICE IS ISSUED UNDER OF THE REGULATORY LAW 2004 BY:

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Data Protection And Privacy

To the extent any information you provide, or which we obtain from this website, constitutes personal data, you consent to its processing by CLIM and its agents and other third parties. All such companies are required to maintain the confidentiality of such information. If you do not wish your information to be used in this way, please contact CLIG. Please see our Privacy and Cookies Policy for more detailed information.

Emerging Markets Cef Investment Process

Our Investment approach combines a Top-Down Macro Process with Bottom-Up Stock Picking. Our Macroeconomic Team is responsible for analysing and ranking the countries in our investment universe while the Investment Team selects stocks based upon several criteria, outlined in the sections below.

Twenty-five percent of CoL’s value added is via our top down country allocation methodology. This top down element is a three-stage process:

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Related Documents And Recent News

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11-12 sec.gov- EX-3.2 Exhibit 3.2 AMENDED AND RESTATED BYLAWS OF APPLE INC. APPLE INC. AMENDED AND RESTATED BYLAWS ARTICLE I CORPORATE OFFICES 1.1 Principal Office The Board of Directors shall fix the location of the principal executive office of Apple Inc. at any place within or outside the State of California. If the principal executive office is located outside CalAPC

10-29 sec.gov- EX-4.1 Exhibit 4.1 Apple Inc. as Issuer and The Bank of New York Mellon Trust Company, N.A., as Trustee INDENTURE Dated as of October 28, 2021 CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939 Trust Indenture Act Section INDENTURE Section Section 310 Section 609 Section 609 Not Applicable Not Applicable APC

City Of London Investment Group Plc Announces Board Restructure And Director Retirement

City of London Investment Trust: Half a century of dividend growth

City of London Investment Group PLC announced a restructure of the Board of Directors. The key elements of the restructure of the Board , which will take effect from 30 June 2022, will be: A creation of a Group Executive Committee which will provide executive oversight of the Group’s operating businesses, principally City of London Investment Management and Karpus Investment Management .The Group Executive Committee will be chaired by Tom Griffith and will initially be comprised of Carlos Yuste , Mark Dwyer , Dan Lippincott , and Deep Agrawal . Following the creation of the Group Executive Committee, Carlos Yuste, Mark Dwyer and Dan Lippincott will step down from the CLIG Board. Their responsibilities on the respective CLIM and KIM Boards will not change. Separate to the Restructure, the Company also announces that Barry Olliff, the Company’s Founder, has notified the Board that he intends to retire as a Director of the Company with effect from 31 July 2022. The Board wishes to place on record its sincere appreciation to Barry for his years of service to the Group and the Board.

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City Of London Investment Management Co Ltd

City Of London Investment Management Co Ltd is a large advisory firm based in London. It manages $5.52 billion of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Washington.

City Of London Investment Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn’t provide financial planning services to its clients. On top of advisory services, the firm doesn’t engage in other business activities.

City Of London Investment Management: Assets Under Management

The assets under management of City Of London Investment Management Co Ltd is $5.52 billion, all of which is managed in discretionary accounts. The firm’s AUM has grown by 1665% since the beginning of its operation, and $372.34 million of the total AUM is attributable to clients outside of the United States.

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Acceptance Of Minor Non

We do not pay for research via the costs of executing client transactions. It is CLIM policy to purchase research only using its own funds. Accordingly, CLIM will not be using a ‘research payment account’ . Subject to this, we may receive minor non-monetary benefits from third parties with whom we enter into transactions or other business for you and/or our other clients, where we deem that our receipt of such benefits is in accordance with our obligations under the rules of the FCA and does not impinge on our ability to act in the best interests of our clients. We shall have no obligation to compensate our clients for the value of any such benefits.

Investor Sentiment Deteriorated Over The Past Week

City of London Investment Management Company Limited

After last week’s 18% share price decline to UK£4.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 31% over the past three years. Simply Wall St’s valuation model estimates the intrinsic value at UK£7.33 per share.

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Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLIG’s earnings are forecast to decline over the next 3 years .

Earnings vs Market: CLIG’s earnings are forecast to decline over the next 3 years .

High Growth Earnings: CLIG’s earnings are forecast to decline over the next 3 years.

Revenue vs Market: CLIG’s revenue is forecast to grow slower than the UK market .

High Growth Revenue: CLIG’s revenue is forecast to grow slower than 20% per year.

Head Of Investment Management

After five years in industry, working for Unilever, Nick first entered the financial sector 30 years ago out in Sydney, Australia. Nick has experience in both corporate finance and investment management, helping build up the team at Teather & Greenwood from 60 to 350 people. He set up LIM to specialise in advising family offices and professional investors on shares listed on AIM and the LSE main market. Nick is a Chartered Fellow of the Securities Institute .

ALEX DAVIES

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New Campaign Launched To Boost Uks Position As A World

The City of London Corporation, working in partnership with Department for International Trade and the Investment Association, are today launching Global Investment Futures, a new campaign to preserve and promote the UK as a leading investment management centre globally.

The campaign, supported by KPMG, will build on the UKs success in the investment management industry. The UK is the second largest investment management centre in the world, accounting for approximately 15% of global assets under management. £11tn of assets are managed for clients in the UK and internationally and a large number of overseas investors already operate offices in London and other cities.

The campaign will promote and highlight to global investors the factors that makes the UK a success in investment management and a trusted place to do business including:

· The concentrated network of asset managers across specialisms

· an educated, talented, diverse and experienced workforce

· digital infrastructure

· its global leadership in fintech

· its leadership in green finance

· a time-zone that is central to the global business day.

Minister for Investment, Lord Grimstone, said:

“I have immense pride in our asset management industry which plays an integral role in making the UK one of the worlds leading financial centres.

“The sector has a remarkable £11 trillion of assets under management, employs more than 100 thousand people, and makes up 1% of the UKs GDP.

–ENDS–

City Of London Investment Management Co Ltd Ownership In Aapl / Apple Inc

London’s Asset Management Planning
Security
$ 44,609,000
City Of London Investment Management Co Ltd ownership in AAPL / Apple Inc

2022-05-13- City Of London Investment Management Co Ltd has filed a 13F-HR form disclosing ownership of 255,037shares of Apple Inc with total holdings valued at $44,609,000 USD as of 2022-03-31.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor.We do our best to track continuity of investments through acquisitions, and this will be reflected inthe table as changes in names. In addition to descriptive data, performance of the investmentis shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then usethat to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequentlyresult in a cost basis of zero.

IMPORTANT: This company has reported a 1 to 4 split as of 2020-08-31.The ownership data on this page IS NOT adjusted for this split. It is incumbent upon the reader to determine if this split affects this data and adjust the figures appropriately.Our engineering team is working on a solution to provide split-adjusted figures in the future.

Upgradeto unlock premium data and export to Excel .

Disclosed Equity Positions
FileAvg Share Price PaidReported
Legend

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City Of London Investment Management Company Limited

At City of London, we focus not on gathering assets, but on building products that reflect our expertise. Initially, and for many years since the firm was founded, that expertise was very specific to Closed-End Funds which offered emerging markets exposure. This was subsequently complemented by applying our unrivalled knowledge of Closed-End Funds around the world to the creation of a Developed Markets CEF strategy, a Frontier Markets CEF strategy and an Opportunistic Value CEF strategy, using a similar investment process. Additionally, for US taxable investors, we created a Tactical Income CEF strategy, with a focus on maximizing after-tax returns. So today, while we remain both proud and protective of our “boutique” status, we offer a range of products which center around our main area of expertise: Closed-End Funds.

Careers At City Of London Investment Management Co Ltd

The company employs 73 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isnt anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesnt compensate employees in addition to the salary for bringing in new clients. Employees dont receive compensation from other entities for client referrals.

Carlos Manuel Yuste has been acting as President since 1 Oct 2002. Peter E Roth joined the executive team most recently as the Non Executive Director.

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City Of London Investment Group Plc

City of London Investment Group PLC is an established asset management group listed on the London Stock Exchange, consisting of two wholly-owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients:

City of London Investment Management Company Limited , which historically specialised in Emerging Markets, but now has expanded its range to include International, Opportunistic Value, Frontier, and Real Estate Investment Trust strategies, for primarily institutional clients.

Karpus Investment Management , which provides closed-end fund strategies across all asset classes to wealth management clients in the United States.

REGULATORY INFO

City of London Investment Group PLC :Registered in England and Wales No. 2685257.Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.

What Kind Of Clients Carlos Manuel Yuste Serves

Looking directly up at the skyline of the financial district in central ...

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Carlos Manuel Yuste is pooled investment vehicles with 21 clients and $3.32 billion of assets under management. Among the 11 most similar advisory firms, City Of London Investment Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.45 billion for 22 clients. 11% of the firms clients are foreign persons or businesses.

City Of London Investment Management also advises several private funds. Namely, nineteen other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

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