DJ Hardman & Co Research: City of London Investment Group (CLIG) Confirming an excellent first half
Hardman & Co Research Hardman & Co Research: City of London Investment Group (CLIG) Confirming an excellent first half 23-Feb-2022 / 15:35 GMT/BST
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Hardman & Co Research:
City of London Investment Group (CLIG) Confirming an excellent first half
City of London has announced its interim results for 1H'22. Having announced a special dividend of 13.5p in its January trading statement, the main interest was in the details. Breaking down net inflows into gross inflow and outflows showed that 2Q was a distinct improvement over 1Q. City of London believes that, once the pandemic restrictions relax, a return to in-person meetings will improve its ability to market its products. Financially, we note that the cash conversion of profits remains excellent, at 87% of underlying earnings, underpinning its strong dividend- paying capability.
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End of Announcement - EQS News Service
1286959 23-Feb-2022
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(END) Dow Jones Newswires
February 23, 2022 10:35 ET (15:35 GMT)
