Hardman & Co issues research report

RNS Number : 2893T

City of London Investment Group PLC

16 July 2015

 

Hardman & Co issues research report on City of London Investment Group

Leaving dividend concerns behind: The trading update gives a solid set of figures for the full year despite difficult market conditions in Q4. Profit after tax came in at £6.5m and, as expected, an unchanged full year dividend of 24p is once again covered by earnings.

Emerging equity markets have been weak since the last update in April, but a combination of new business and good performance has kept funds under management at $4.2bn. There is mixed news on new business. On the key issue of the dividend earnings have covered the rate each quarter this year and for the full year cover was 1.1 times.

Please click here for the full report:

http://www.hardmanandco.com/sites/default/files/research_papers/CLIG%20Report%2007-2015%20v1_0.pdf

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About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 

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