City of London Inv Trust (CTY)

Sector:

Investment Firms

Index:

FTSE 250

436.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 446.50
  • 52 Week Low: 388.50
  • Currency: UK Pounds
  • Shares Issued: 33.02m
  • Volume: 495,801
  • Market Cap: £143.95m
  • RiskGrade: 88
  • Beta: 1.02

City of London Investment Trust shares up on annual results

By Josh White

Date: Tuesday 20 Sep 2016

LONDON (ShareCast) - (ShareCast News) - City of London Investment Trust posted its annual report for the year to 30 June on Tuesday, with net asset value total return performance of 3.1%, less than half the 6.1% rate seen in 2015, and share price performance of 0.4%, down from 7.2%.
The FTSE 250 firm reported total net asset value return per share of 382.2p, down from 386.3p, with share price total return of 378.1p down from 392.5p.

Its gearing at year-end was 8%, up from 6%, and revenue earnings per share grew to 17.4p from 16.8p.

City of London IT paid dividends of 15.9p per share, up from 15.3p a year earlier, and reported revenue reserve per share of 13.5p, an increase from 12.5p.

Its share price discount for the period was 1.1%, compared to a premium of 1.6% in 2015.

"In a flat year for equity returns our NAV total return was 3.1%, ahead of our sector and market benchmarks," said chairman Philip Remnant.

"We passed a major milestone in becoming the first investment trust to increase its dividend for the 50th consecutive year."

At 0900 BST, shares in the City of London Investment Trust were up 0.4% to 404.2p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CTY Market Data

Currency UK Pounds
Share Price 436.00p
Change Today 0.50p
% Change 0.11 %
52 Week High 446.50
52 Week Low 388.50
Volume 495,801
Shares Issued 33.02m
Market Cap £143.95m
Beta 1.02
RiskGrade 88

CTY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.5% below the market average17.5% below the market average17.5% below the market average17.5% below the market average17.5% below the market average
37.45% above the sector average37.45% above the sector average37.45% above the sector average37.45% above the sector average37.45% above the sector average
Price Trend
47.46% above the market average47.46% above the market average47.46% above the market average47.46% above the market average47.46% above the market average
31.65% above the sector average31.65% above the sector average31.65% above the sector average31.65% above the sector average31.65% above the sector average
Income
10.96% below the market average10.96% below the market average10.96% below the market average10.96% below the market average10.96% below the market average
43.00% above the sector average43.00% above the sector average43.00% above the sector average43.00% above the sector average43.00% above the sector average
Growth
27.85% below the market average27.85% below the market average27.85% below the market average27.85% below the market average27.85% below the market average
24.56% below the sector average24.56% below the sector average24.56% below the sector average24.56% below the sector average24.56% below the sector average

CTY Dividends

  Latest Previous
  Q2 Q1
Ex-Div 23-Jan-25 24-Oct-24
Paid 28-Feb-25 29-Nov-24
Amount 5.25p 5.25p

Trades for 13-Dec-2024

Time Volume / Share Price
15:10 5 @ 435.95p
15:07 1 @ 436.00p
15:06 2 @ 435.95p
15:06 24 @ 436.00p
15:05 2,282 @ 435.46p

CTY Key Personnel

Chair Laurence Magnus

Top of Page