City of London Investment Group (“CLIG”) has issued a FY trading update indicating that FY17e earnings are expected to be 7% ahead of our forecasts and that FuM grew by 7% in Q4. FY17e PBT is expected to be £11.6m when final results are reported on 18th September. The board has recommended a small increase in the final dividend to 17p (FY16 16p). FuM grew by 6.8% to $4.7bn over the final quarter driven in the main part by positive underlying benchmark performance. We will update our forecasts fo ....

19 Jul 2017
N+1 Singer - City of London Investment Group - FuM +7% in Q4, modest positive earnings surprise, better final dividend
City of London Investment Group PLC (CLIG:LON) | 452 27.1 1.4% | Mkt Cap: 229.1m
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Andrew Watson
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3 pages
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N+1 Singer - City of London Investment Group - FuM +7% in Q4, modest positive earnings surprise, better final dividend
City of London Investment Group PLC (CLIG:LON) | 452 27.1 1.4% | Mkt Cap: 229.1m
- Published:
19 Jul 2017 -
Author:
Andrew Watson -
Pages:
3 -
City of London Investment Group (“CLIG”) has issued a FY trading update indicating that FY17e earnings are expected to be 7% ahead of our forecasts and that FuM grew by 7% in Q4. FY17e PBT is expected to be £11.6m when final results are reported on 18th September. The board has recommended a small increase in the final dividend to 17p (FY16 16p). FuM grew by 6.8% to $4.7bn over the final quarter driven in the main part by positive underlying benchmark performance. We will update our forecasts fo ....