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City of London Investment Trust

DB:CLN
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLN
DB
£1B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • City of London Investment Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • City of London Investment Trust has significant price volatility in the past 3 months.
CLN Share Price and Events
7 Day Returns
10.4%
DB:CLN
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-26.1%
DB:CLN
-6.9%
DE Capital Markets
-17.2%
DE Market
CLN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
City of London Investment Trust (CLN) 10.4% -18.1% -30.5% -26.1% - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • CLN underperformed the Capital Markets industry which returned -6.9% over the past year.
  • CLN underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
CLN
Industry
5yr Volatility vs Market

CLN Value

 Is City of London Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for City of London Investment Trust. This is due to cash flow or dividend data being unavailable. The share price is €3.595.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for City of London Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are City of London Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CLN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.77
LSE:CTY Share Price ** LSE (2020-04-01) in GBP £3.1
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of City of London Investment Trust.

DB:CLN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CTY Share Price ÷ EPS (both in GBP)

= 3.1 ÷ 0.77

4.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • City of London Investment Trust is good value based on earnings compared to the DE Capital Markets industry average.
  • City of London Investment Trust is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does City of London Investment Trust's expected growth come at a high price?
Raw Data
DB:CLN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for City of London Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on City of London Investment Trust's assets?
Raw Data
DB:CLN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £4.36
LSE:CTY Share Price * LSE (2020-04-01) in GBP £3.1
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:CLN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CTY Share Price ÷ Book Value per Share (both in GBP)

= 3.1 ÷ 4.36

0.71x

* Primary Listing of City of London Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • City of London Investment Trust is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess City of London Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. City of London Investment Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CLN Future Performance

 How is City of London Investment Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as City of London Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is City of London Investment Trust expected to grow at an attractive rate?
  • Unable to compare City of London Investment Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare City of London Investment Trust's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare City of London Investment Trust's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:CLN Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CLN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CLN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 307 293
2019-09-30 182 168
2019-06-30 57 43
2019-03-31 -43 -57
2018-12-31 -143 -157
2018-09-30 -20 -34
2018-06-30 102 89
2018-03-31 144 130
2017-12-31 185 172
2017-09-30 191 179
2017-06-30 197 185
2017-03-31 166 154

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if City of London Investment Trust is high growth as no earnings estimate data is available.
  • Unable to determine if City of London Investment Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CLN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from City of London Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLN Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.77
2019-09-30 0.45
2019-06-30 0.12
2019-03-31 -0.16
2018-12-31 -0.45
2018-09-30 -0.10
2018-06-30 0.26
2018-03-31 0.38
2017-12-31 0.51
2017-09-30 0.53
2017-06-30 0.55
2017-03-31 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if City of London Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess City of London Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
City of London Investment Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CLN Past Performance

  How has City of London Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare City of London Investment Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • City of London Investment Trust's year on year earnings growth rate has been positive over the past 5 years.
  • City of London Investment Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • City of London Investment Trust has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
City of London Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from City of London Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 306.67 292.51 5.82
2019-09-30 181.69 167.51 5.78
2019-06-30 56.70 42.51 5.73
2019-03-31 -43.20 -57.39 5.78
2018-12-31 -143.10 -157.29 5.82
2018-09-30 -20.49 -34.39 5.87
2018-06-30 102.12 88.52 5.92
2018-03-31 143.55 130.37 5.89
2017-12-31 184.98 172.22 5.86
2017-09-30 191.08 178.55 5.75
2017-06-30 197.18 184.89 5.63
2017-03-31 165.84 153.61 5.49
2016-12-31 134.51 122.34 5.35
2016-09-30 92.15 80.09 5.22
2016-06-30 49.79 37.84 5.09
2016-03-31 62.57 50.90 5.08
2015-12-31 75.35 63.96 5.08
2015-09-30 78.91 67.63 4.96
2015-06-30 82.48 71.29 4.84
2015-03-31 74.02 62.90 4.66
2014-12-31 65.55 54.51 4.49
2014-09-30 102.47 91.87 4.40
2014-06-30 139.39 129.23 4.32
2014-03-31 172.12 162.45 4.15
2013-12-31 204.86 195.67 3.99
2013-09-30 186.12 177.22 3.74
2013-06-30 167.39 158.77 3.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • City of London Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • City of London Investment Trust used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • City of London Investment Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess City of London Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
City of London Investment Trust has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CLN Health

 How is City of London Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up City of London Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • City of London Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • City of London Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of City of London Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from City of London Investment Trust Company Filings, last reported 3 months ago.

DB:CLN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,729.83 115.73
2019-09-30 1,729.83 115.73
2019-06-30 1,595.72 133.96
2019-03-31 1,595.72 133.96
2018-12-31 1,360.36 125.73
2018-09-30 1,360.36 125.73
2018-06-30 1,521.00 125.71 0.07
2018-03-31 1,521.00 125.71 0.07
2017-12-31 1,513.33 125.68 8.23
2017-09-30 1,513.33 125.68 8.23
2017-06-30 1,429.92 86.25
2017-03-31 1,429.92 86.25
2016-12-31 1,363.31 96.35
2016-09-30 1,363.31 96.35
2016-06-30 1,242.59 101.95
2016-03-31 1,242.59 101.95
2015-12-31 1,232.32 75.98
2015-09-30 1,232.32 75.98
2015-06-30 1,188.51 75.97 3.15
2015-03-31 1,188.51 75.97 3.15
2014-12-31 1,138.84 92.46
2014-09-30 1,138.84 92.46
2014-06-30 1,075.25 81.94 2.93
2014-03-31 1,075.25 81.94 2.93
2013-12-31 1,020.80 78.53
2013-09-30 1,020.80 78.53
2013-06-30 886.40 72.04 0.18
  • City of London Investment Trust's level of debt (6.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (8.1% vs 6.7% today).
  • Unable to verify if debt is well covered by operating cash flow as City of London Investment Trust has not reported sufficient balance sheet data.
  • Interest payments on debt are well covered by earnings (EBIT is 42.5x coverage).
X
Financial health checks
We assess City of London Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. City of London Investment Trust has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CLN Dividends

 What is City of London Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.13%
Current annual income from City of London Investment Trust dividends.
If you bought €2,000 of City of London Investment Trust shares you are expected to receive €123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • City of London Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • City of London Investment Trust's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CLN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CLN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-12-19 0.190 4.837
2019-09-12 0.190 4.529
2019-07-18 0.190 4.610
2019-04-04 0.190 4.519
2018-12-18 0.182 4.564
2018-09-13 0.182 4.532
2018-07-19 0.182 4.272
2018-04-05 0.182 4.243
2017-12-13 0.172 4.101
2017-09-14 0.172 4.031
2017-07-20 0.172 4.025
2017-04-06 0.172 4.011
2016-12-14 0.162 3.957
2016-09-08 0.162 4.076
2016-03-24 0.162 4.208
2015-12-10 0.156 4.266
2015-09-11 0.156 4.072
2015-07-21 0.156 4.000
2015-04-13 0.156 3.852
2014-12-09 0.150 3.830
2014-09-10 0.150 4.014
2014-07-23 0.150 3.980
2014-03-21 0.150 3.943
2013-12-17 0.145 3.861
2013-09-05 0.145 3.951
2013-07-24 0.145 3.993
2013-03-20 0.145 4.097
2012-12-13 0.141 4.266
2012-10-02 0.141 4.518
2012-09-24 0.141 4.493
2012-02-09 0.134 4.510
2011-09-21 0.134 4.783
2011-09-14 0.134 4.959
2011-03-24 0.134 4.642
2011-02-14 0.130 4.559
2010-10-25 0.130 4.548
2010-07-15 0.130 4.892
2010-03-18 0.130 5.142
2009-12-10 0.123 5.012
2009-09-08 0.123 5.200
2009-09-01 0.123 5.546

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of City of London Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess City of London Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can City of London Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. City of London Investment Trust has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CLN Management

 What is the CEO of City of London Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • City of London Investment Trust has no CEO, or we have no data on them.
Management Team

Job Curtis

TITLE
Fund Manager
AGE
57
TENURE
28.8 yrs

Ben Lofthouse

TITLE
Portfolio Manager
AGE
43

Laura Foll

TITLE
Portfolio Manager

Alex Crooke

TITLE
Fund Manager
AGE
49

David Smith

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the City of London Investment Trust board of directors in years:

9
Average Tenure
64
Average Age
  • The tenure for the City of London Investment Trust board of directors is about average.
Board of Directors

Philip Remnant

TITLE
Chairman
COMPENSATION
£39K
AGE
64
TENURE
8.5 yrs

Richard Hextall

TITLE
Senior Independent Director
COMPENSATION
£30K
AGE
50

David Adam

TITLE
Director
COMPENSATION
£26K
AGE
66
TENURE
11.3 yrs

Simon Barratt

TITLE
Non-Executive Director
COMPENSATION
£26K
AGE
53
TENURE
9.5 yrs

Martin W. Morgan

TITLE
Non-Executive Director
COMPENSATION
£26K
AGE
69
TENURE
8.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Dec 19 Buy Clare Wardle Individual 12. Dec 19 12. Dec 19 23 €4.96 €114
X
Management checks
We assess City of London Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. City of London Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CLN News

Simply Wall St News

CLN Company Info

Description

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies. It employs fundamental analysis with a focus on factors such as strong balance sheets, good cash flows, and significant upside potential to create its portfolio. The fund benchmarks the performance of its portfolio against the AIC UK Growth & Income sector’s size weighted average. It was formerly known as TR City of London Trust PLC. The City of London Investment Trust plc was formed in 1860 and is domiciled in the United Kingdom.

Details
Name: The City of London Investment Trust plc
CLN
Exchange: DB
Founded: 1860
£1,440,810,350
409,969,868
Website: http://www.henderson.com/ukpa/fund/169/the-city-of-london-investment-trust-plc
Address: The City of London Investment Trust plc
201 Bishopsgate,
London,
Greater London, EC2M 3AE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CTY Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB CLN Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
NZSE TCL Ordinary Shares New Zealand Stock Exchange NZ NZD 02. Jan 1992
BATS-CHIXE CTYL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
City of London Investment Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 23:12
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.