Gulf Investment Fund (GIF)

Sector:

Financials

$ 2.44
   
  • Change Today:
    $0.02
  • 52 Week High: $2.6
  • 52 Week Low: $1.8
  • Currency: US Dollars
  • Shares Issued: 41.13m
  • Volume: 9,175
  • Market Cap: $100.35m

Two City of London directors dispose of beneficial interests

By Benjamin Chiou

Date: Thursday 06 Sep 2012

LONDON (ShareCast) - Two directors of emerging markets-focused investment group City of London disposed of beneficial interests they have in the company on Wednesday, just two days after the firm’s full-year results revealed a large decline in funds under management (FuM).

Non-executive director David Cardale and Finance Director Doug Allison sold a total of 153,125 shares in the company in order to fund personal property projects, City of London said.

Cardale disposed 53,125 for 325p a piece generating £172,656, leaving his resultant holding at 53,125, equal to 0.2% of the issued share capital.

Meanwhile, Allison, who is the Chief Executive Designate, disposed of beneficial interest in 100,000 shares for 325p a share for £325,000. His remaining stake was 314,375, equal to 1.17% of the company. In addition to his direct holding in the company, he also holds options over 51,000 ordinary shares.

City of London said on Monday that FuM fell 23% in the year to May 31st to $4.5bn, from $5.8bn previously, as the MSCI Emerging Markets Index fell 20% over the period. Pre-tax profits fell from £13.1m to £11.5m year-on-year.

The company said in a statement on Thursday: “Apart from the stated intention of [Chief Executive Officer] Barry Olliff to sell shares at specific prices significantly higher than the current market price, no Director of City of London, including Doug Allison and David Cardale, has any current intention to reduce his or her holdings.”


In other news, Diane Briere de l'Isle, the wife of Admiral’s Chief Executive Henry Engelhardt, made her second purchase of shares in the car insurer this week following her near-£1.6m transaction on Tuesday (through the purchase of 144,348 shares at 1,107p each).

However, this buy was a bit less spectacular, worth a total of £22,731 after she bought 2,059 shares at 1,104p each.

Following these transactions, ‘Henry Engelhardt and Family’ holdings now total 37,959,972 ordinary shares in the firm, equal to just over 14% of the entire issued share capital.


Top Director Buys

Cash Converters International Ltd (CCVU)
Director name: Mr Peter Cumins
Amount purchased: 100,000 @ 50.64p
Value: £50,640

Carclo (CAR)
Director name: Mr Michael Derbyshire
Amount purchased: 10,000 @ 436.00p
Value: £43,600

Admiral Group (ADM)
Director name: Mr Henry Engelhardt
Amount purchased: 2,059 @ 1,104.00p
Value: £22,731

Craneware (CRW)
Director name: Mr Keith Neilson
Amount purchased: 5,270 @ 375.96p
Value: £19,813


Top Director Sells

City of London Investment Group (CLIG)
Director name: Mr Douglas F Allison
Amount sold: 100,000 @ 325.00p
Value: £325,000

City of London Investment Group (CLIG)
Director name: Mr David M Cardale
Amount sold: 53,125 @ 325.00p
Value: £172,656

Qatar Investment Fund (QIF)
Director name: Mr David von Simson
Amount sold: 75,000 @ $0.90
Value: $67,500

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

 

GIF Market Data

Currency US Dollars
Share Price $ 2.44
Change Today $ 0.02
% Change 0.83 %
52 Week High $2.6
52 Week Low $1.8
Volume 9,175
Shares Issued 41.13m
Market Cap $100.35m

GIF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.49% above the market average13.49% above the market average13.49% above the market average13.49% above the market average13.49% above the market average
5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average
Price Trend
58.54% above the market average58.54% above the market average58.54% above the market average58.54% above the market average58.54% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Income
52.84% above the market average52.84% above the market average52.84% above the market average52.84% above the market average52.84% above the market average
39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average
Growth
58% below the market average58% below the market average58% below the market average58% below the market average58% below the market average
35.78% below the sector average35.78% below the sector average35.78% below the sector average35.78% below the sector average35.78% below the sector average

GIF Dividends

  Latest Previous
  Final Interim
Ex-Div 15-Feb-24 14-Sep-23
Paid 22-Mar-24 20-Oct-23
Amount 4.05¢ 4.05¢

Trades for 20-May-2024

Time Volume / Share Price
13:32 26 @ $2.38
13:29 53 @ $2.38
13:29 10 @ $2.38
13:29 9 @ $2.38
11:42 12 @ $2.44

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