19 Feb 2018
Interims in line, FuM grows in January, succession plan confirmed
City of London Inv. Group has reported in line interim results (6m to Dec’17). The majority of key information was previewed in the HY Trading Update (17/1) and the statement this morning serves to confirm this. COO Tom Griffith has been appointed Deputy CEO with the intention of succeeding Barry Olliff as CEO upon his planned retirement at the end of 2019. We remain at HOLD on account of an absence of organic net inflows, but recognise the attractive 6.5%+ dividend yield as compensation for bot ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interims in line, FuM grows in January, succession plan confirmed
City of London Investment Group PLC (CLIG:LON) | 320 22.4 2.2% | Mkt Cap: 161.9m
- Published:
19 Feb 2018 -
Author:
Andrew Watson -
Pages:
3
City of London Inv. Group has reported in line interim results (6m to Dec’17). The majority of key information was previewed in the HY Trading Update (17/1) and the statement this morning serves to confirm this. COO Tom Griffith has been appointed Deputy CEO with the intention of succeeding Barry Olliff as CEO upon his planned retirement at the end of 2019. We remain at HOLD on account of an absence of organic net inflows, but recognise the attractive 6.5%+ dividend yield as compensation for bot ....