17 Jan 2018
Q2 FuM +6%, H1 profits expected in line
CLIG has reported 6% FuM growth in Q2 which we believe has been driven by benchmark performance with no material net flows. Flows were positive overall in H1, but there were modest net outflows in the core EM strategy. Indication has been given that H1 PBT is expected to be in line with consensus and a 9p interim dividend is expected to be declared. We are reviewing our forecast model but do not anticipate changing our neutral HOLD stance given absence of material flow momentum. The attractive d ....
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Q2 FuM +6%, H1 profits expected in line
City of London Investment Group PLC (CLIG:LON) | 320 22.4 2.2% | Mkt Cap: 161.9m
- Published:
17 Jan 2018 -
Author:
Andrew Watson -
Pages:
3
CLIG has reported 6% FuM growth in Q2 which we believe has been driven by benchmark performance with no material net flows. Flows were positive overall in H1, but there were modest net outflows in the core EM strategy. Indication has been given that H1 PBT is expected to be in line with consensus and a 9p interim dividend is expected to be declared. We are reviewing our forecast model but do not anticipate changing our neutral HOLD stance given absence of material flow momentum. The attractive d ....