Hardman & Co issues research report

RNS Number : 0933Z

City of London Investment Group PLC

15 September 2015

 

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

Robust performance in volatile times. With the key figures from the 2015 results having been announced in July, yesterday's announcement contains no surprises. Earnings were up 27% on the 2014 figure, before allowing that the latter was a 13 month year. The unchanged dividend of 24p is 1.1 covered by earnings and conversion to cash was excellent as always. Margins were good, with the revenue margin decline slower than expected and the benefit of good cost control coming through in a much improved operating margin. The bad news has come after the year end, where weak markets have weighed on funds under management, bringing them down to $3.5bn.

Please click here for the full report:

http://www.hardmanandco.com/system/files/research_papers/CLIG%20Report%201509_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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