reports
- Brian Moretta
City of London Investment Group (CLIG): Good fund performance and soli...
City of London has announced its full-year results for 2024. As stated in the trading statement, FUM was $10.24bn, a 9% increase over the year. While market performance offset net outflows, there was a significant improvement in the latter in the second half, which bodes well going forward. Underlying profit before tax of $27.2m was a 0.5% increase over 2023’s $27.0m. A higher effective tax rate meant that underlying EPS declined 3% from 43.4¢ to 42.2¢. As previously announced, the final dividen...
Hardman & Co publication on City of London Investment Group (CLIG): G...
Hardman & Co Research Hardman & Co publication on City of London Investment Group (CLIG): Good fund performance and solid results 02-Oct-2024 / 07:45 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on City of London Investment Group (CLIG): Good fund performance and solid results City of London has announced its full-year results for 2024. As stated in the trading statement, FUM was $10.24bn, a 9% increase over the year. While market performance offset net outflows, there was a significant improvement in the latter in th...
- Robin Savage
City of London Investment Group (CLIG LN) - Momentum swing underway
CLIG’s full year results to June 2024 are inline with our forecasts, set in February 2024. The annual report and accounts provides evidence of “compelling reasons for institutional asset allocators to choose an active manager.” CLIG’s outperformance of its benchmarks should drive net inflows.
- Brian Moretta
- Mark Thomas
- Martin Hall
Hardman & Co Monthly: September 2024
Feature article: The Tiktok generation are becoming “renegade” investors - How Gen Z’s investing habits differ from past generations As the landscape of investing evolves, a new generation is stepping onto the stage with fresh perspectives and unique approaches that are reshaping financial markets. At Hardman & Co, we’ve always been committed to understanding these shifts, and this month’s article delves into the rapidly changing ways in which Gen Z interacts with investment information and ma...
- Brian Moretta
Hardman & Co Research - City of London Investment Group (CLIG): Positi...
City of London has announced its FUM for 4Q’24 and the full year. It was another positive quarter for the group, with FUM rising 1% from $10.10bn to $10.24bn. Over the financial year, FUM have increased 8.7% and are at their highest level since before the market weakness, in early 2022. Much of the positive effects this quarter were driven by markets: the MSCI Emerging Markets Index rose 4%, although the MSCI All-World ex-US index was flat. Inflows were mixed, with a positive quarter for the Int...
Hardman & Co Research on City of London Investment Group (CLIG): Posi...
Hardman & Co Research Hardman & Co Research on City of London Investment Group (CLIG): Positive markets add to FUM and maintain dividend 08-Aug-2024 / 12:30 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on City of London Investment Group (CLIG): Positive markets add to FUM and maintain dividend City of London has announced its FUM for 4Q’24 and the full year. It was another positive quarter for the group, with FUM rising 1% from $10.10bn to $10.24bn. Over the financial year, FUM have increased 8.7% and are at their hig...
- Robin Savage
City of London Investment Group (CLIG LN) - Preclose for year to 30 Ju...
CLIG’s pre-close update reveals CLIG’s Funds under Management (FuM) rising 8.7% to $10,241m, with full year outflow of $320m and 12.1% investment performance. The Board expects the final dividend to be in line with the previous year: full results are scheduled for 17 September 2024.
Q&A on City of London Investment Group (CLIG): Funds under management ...
Hardman & Co Research Q&A on City of London Investment Group (CLIG): Funds under management boosted by positive inflows 07-May-2024 / 10:27 GMT/BST The issuer is solely responsible for the content of this announcement. Analyst interview | Investment Companies Q&A on City of London Investment Group | Funds under management boosted by positive inflows City of London Investment Group (CLIG) is the topic of conversation when Brian Moretta, analyst at Hardman & Co, joins DirectorsTalk Interviews. With CLIG recently announcing its third quarter FUM update Brian talks through Cit...
- Brian Moretta
- Mark Thomas
- Martin Hall
- Paul Mylchreest
The Hardman & Co Monthly: May 2024
Feature article: Is silver the cheapest asset on the planet? Silver is a precious metal, a monetary metal and an industrial metal with a surprisingly wide range of uses. It’s not that well understood by investors and tends to get overshadowed by gold – but, perhaps, not for much longer. We think that the provocative title of this article is justified by silver’s attractive fundamentals. The “official figures” from the Silver Institute estimate that the silver market has been in deficit for the...
AVO ADVANCED ONCOTHERAPY
CLIG CITY OF LONDON INVESTMENT GROUP
RECI REAL ESTATE CREDIT INVESTMENTS
VTAS VOLTA FINANCE (GBP)
STX SHIELD THERAPEUTICS
CSN CHESNARA PLC
HAT H&T GROUP
APAX APAX GLOBAL ALPHA
ICGT ICG ENTERPRISE TRUST
A0MXLB NB PRIVATE EQUITY PARTNERS
DUKE DUKE ROYALTY
Hardman & Co Research on City of London Investment Group (CLIG): Posi...
Hardman & Co Research Hardman & Co Research on City of London Investment Group (CLIG): Positive inflows boost FUM 01-May-2024 / 11:58 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on City of London Investment Group (CLIG): Positive inflows boost FUM City of London has announced its FUM for 3Q’24. It was a positive quarter, with group FUM rising 5.5%, from $9.58bn to $10.10bn. The largest contribution came from a positive market backdrop: all the benchmark indices for CLIM strategies delivered positive returns over the...
- Brian Moretta
City of London Investment Group (CLIG): Positive inflows boost FUM
City of London has announced its FUM for 3Q’24. It was a positive quarter, with group FUM rising 5.5%, from $9.58bn to $10.10bn. The largest contribution came from a positive market backdrop: all the benchmark indices for CLIM strategies delivered positive returns over the quarter. The MSCI Emerging Markets net total return Index was up 2.1%, while the MSCI ACWI ex US Index increased 4.5%, giving positive market movements across the strategies. Perhaps more importantly, City of London delivered ...
- Robin Savage
- Brian Moretta
- Keith Hiscock
- Mark Thomas
- Martin Hall
- Yingheng Chen
The Hardman & Co Monthly: April 2024
Feature article: Steady as she goes, but could be better: A review of investment company liquidity since 2016 Liquidity is the lifeblood of equity markets. The measurement of liquid asset availability to a market or company is a way of gauging a market’s health. This article builds on our previous work, which analysed the liquidity data for non-financial trading companies, by applying the same analytical techniques to the investment companies (IC) space. We analyse liquidity for ICs as a whol...
City of London Investment Group: 1 director
A director at City of London Investment Group maiden bought 10,000 shares at 323p and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
Hardman & Co Research on NB Private Equity Partners (NBPE): Value crea...
Hardman & Co Research Hardman & Co Research on NB Private Equity Partners (NBPE): Value creation in a higher-rate environment 07-March-2024 / 12:05 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research | Investment Companies NB Private Equity Partners (NBPE) | Value creation in a higher-rate environment In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically generate incremental EBITDA growth to offset higher interest costs. Long-term targe...
Hardman & Co Research on City of London Investment Group (CLIG): Firs...
Hardman & Co Research Hardman & Co Research on City of London Investment Group (CLIG): First-half results going in the right direction 06-March-2024 / 10:50 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on City of London Investment Group (CLIG): First-half results going in the right direction City of London has announced its interim results for 1H’24. With the main headline figures having being announced in January’s trading statement, the principal interest was in some of the details. FUM of $9.58bn is 2% ahead of th...
- Brian Moretta
City of London Investment Group (CLIG): First-half results going in th...
City of London has announced its interim results for 1H’24. With the main headline figures having being announced in January’s trading statement, the principal interest was in some of the details. FUM of $9.58bn is 2% ahead of the level at 30 June 2023 and 5% ahead of the end of 2022. Gross revenues increased YoY by 2%, whereas, expenses grew 6%, resulting in a slightly lower operating profit of $10.0m. On an underlying basis, profit before tax of $13.3m was a 2% decline over the 1H’23 figure. U...
- Robin Savage
City of London Investment Group (CLIG LN) - Interims, as in pre-close
City of London Investment Group’s interims are consistent with its 22 January pre-close statement, which revealed: • CLIG’s Funds under Management (FuM) of $9.6 billion at 31st December 2023 is: - Up 4% yoy from $9.2 billion at 31st December 2022 - Up 2% from $9.4 billion at the beginning of the financial year, 1st July 2023 - Up 8% in the 2Q of the financial year, with $8.9bn on 30 September 2023 - N.B. in 2024, FuM fell 1% to $9.5 billion on 31st January 2024
- Brian Moretta
- Mark Thomas
- Martin Hall
The Hardman & Co Monthly: February 2024
Feature article: 2023 was an annus horribilis for Quoted UK Infrastructure and Renewable Energy - Consolidation is the new mantra. The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and t...
- Brian Moretta
City of London Investment Group (CLIG): Bounce back in FUM after stron...
City of London has announced its trading statement for 2Q’24. Both developed and emerging markets bounced back from a weak 1Q’24 and posted gains for the six-month period. Over 1H’24, the MSCI Emerging Markets TR Index increased 4.7% while the MSCI All World ex US Index increased by 5.6%. These led to a strong increase in FUM, which was $9.58bn at 31 December 2023. This is a 2% increase over the 30 June figure, but 8% over the total at the end of 1Q’24. Across the strategies there was some outpe...
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