Recent Insider Transactions • Mar 16
CEO & Director recently bought UK£117k worth of stock On the 12th of March, James Abbott bought around 29k shares on-market at roughly UK£4.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Declared Dividend • Feb 26
First half dividend of UK£0.11 announced Shareholders will receive a dividend of UK£0.11. Ex-date: 5th March 2026 Payment date: 2nd April 2026 Dividend yield will be 8.1%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control, which is more than the 1.2% EPS growth achieved over the last 5 years. Announcement • Feb 26
City of London Investment Group plc Maintains Interim Dividend in Respect of the Year Ending 30th June 2026, Payable on 2nd April 2026 City of London Investment Group Plc announced that it maintained an interim dividend of 11 pence per share in respect of the year ending 30th June 2026 which will be paid on 2nd April 2026 to those shareholders registered return for the six months ending 31st December 2025 at the close of business on 6 March 2026. Reported Earnings • Feb 25
First half 2026 earnings released: EPS: US$0.22 (vs US$0.19 in 1H 2025) First half 2026 results: EPS: US$0.22 (up from US$0.19 in 1H 2025). Revenue: US$39.1m (up 5.7% from 1H 2025). Net income: US$10.6m (up 14% from 1H 2025). Profit margin: 27% (up from 25% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 23
City of London Investment Group plc Appoints James Cooper Abbott as Director, Effective January 21, 2026 City Of London Investment Group Plc has appointed James Cooper Abbott as a director. The company confirms that James Cooper Abbott has consented to act as a director. His service address is recorded as the company's registered office. James Cooper Abbott is an American national and his date of birth is October 1969. The appointment was effective on January 21, 2026. Recent Insider Transactions • Oct 31
Insider recently sold UK£54k worth of stock On the 28th of October, Michael Edmonds sold around 14k shares on-market at roughly UK£3.85 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£1.4m more than they bought in the last 12 months. Declared Dividend • Sep 18
Final dividend of UK£0.22 announced Shareholders will receive a dividend of UK£0.22. Ex-date: 25th September 2025 Payment date: 6th November 2025 Dividend yield will be 7.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 1.4% EPS growth achieved over the last 5 years. Reported Earnings • Sep 16
Full year 2025 earnings released: EPS: US$0.40 (vs US$0.35 in FY 2024) Full year 2025 results: EPS: US$0.40 (up from US$0.35 in FY 2024). Revenue: US$73.0m (up 5.2% from FY 2024). Net income: US$19.7m (up 15% from FY 2024). Profit margin: 27% (up from 25% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Announcement • Sep 16
City of London Investment Group plc Recommends Final Dividend, Payable on 6 November 2025 City of London Investment Group Plc at its Annual General Meeting going to be held on 27 October 2025 recommended a final dividend of 22 pence per share,(2024: 22p), payable on 6 November 2025 to shareholders on the register on 26 September 2025, making a total for the year of 33p (2024: 33p).Ex-dividend date is September 25, 2025 and Record date is September 26, 2025. New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Dividend is not well covered by earnings (112% payout ratio). Announcement • Jul 24
City of London Investment Group Plc to Report Fiscal Year 2025 Results on Sep 16, 2025 City of London Investment Group Plc announced that they will report fiscal year 2025 results on Sep 16, 2025 Recent Insider Transactions • Jun 16
CEO & Executive Director recently sold UK£1.4m worth of stock On the 11th of June, Thomas Griffith sold around 400k shares on-market at roughly UK£3.41 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Announcement • Apr 07
City of London Investment Group Plc Appoints Ben Stocks as Independent Non-Executive Director, Member of CLIG's Audit and Risk, Nomination and Remuneration Committees, Effective 7 April 2025 City of London Investment Group Plc announced that Ben Stocks will be joining the Board as an Independent Non-Executive Director on 7 April 2025. This appointment follows a thorough search process undertaken by the Nomination Committee of the Board. Ben brings extensive leadership experience from his 27-year tenure as an Executive Director and the CEO of London Stock Exchange-listed Porvair PLC, where he successfully led the company's growth into a global business with operations in the USA, UK, Europe and Asia. In his new role, Ben will serve as a member of CLIG's Audit and Risk, Nomination and Remuneration Committees. Buy Or Sell Opportunity • Mar 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to UK£3.41. The fair value is estimated to be UK£4.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 4.0% in a year. Earnings are forecast to grow by 46% in the next year. Buy Or Sell Opportunity • Mar 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to UK£3.42. The fair value is estimated to be UK£4.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 4.0% in a year. Earnings are forecast to grow by 46% in the next year. Reported Earnings • Feb 27
First half 2025 earnings released: EPS: US$0.19 (vs US$0.17 in 1H 2024) First half 2025 results: EPS: US$0.19 (up from US$0.17 in 1H 2024). Revenue: US$37.0m (up 8.1% from 1H 2024). Net income: US$9.29m (up 13% from 1H 2024). Profit margin: 25% (up from 24% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 27
First half dividend of UK£0.11 announced Shareholders will receive a dividend of UK£0.11. Ex-date: 6th March 2025 Payment date: 3rd April 2025 Dividend yield will be 9.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 26
City of London Investment Group Plc Maintains Interim Dividend, Payable on 3 April 2025 City of London Investment Group Plc maintained interim dividend of 11 pence per share, payable on 3 April 2025 to shareholders on the register on 7 March 2025 against 11 pence per share a year ago. Ex-dividend date is 6 March 2025. DRIP election date is 14 March 2025. Buy Or Sell Opportunity • Feb 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to UK£3.58. The fair value is estimated to be UK£4.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Announcement • Oct 28
City of London Investment Group plc Approves Final Dividend, Payable on 7 November 2024 City of London Investment Group Plc at its Annual General Meeting of the Company held on 28 October 2024 approved to declare a final dividend of 22 pence per Ordinary Share of 1 pence each in the Company, payable on 7 November 2024. Reported Earnings • Sep 24
Full year 2024 earnings released: EPS: US$0.35 (vs US$0.38 in FY 2023) Full year 2024 results: EPS: US$0.35 (down from US$0.38 in FY 2023). Revenue: US$69.5m (down 4.6% from FY 2023). Net income: US$17.1m (down 8.6% from FY 2023). Profit margin: 25% (down from 26% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Sep 13
City of London Investment Group Plc to Report Fiscal Year 2024 Results on Sep 24, 2024 City of London Investment Group Plc announced that they will report fiscal year 2024 results on Sep 24, 2024 New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Dividend is not well covered by earnings (112% payout ratio). Announcement • Jul 26
City of London Investment Group Plc, Annual General Meeting, Oct 28, 2024 City of London Investment Group Plc, Annual General Meeting, Oct 28, 2024. Buy Or Sell Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock has risen 17% to UK£3.74. The fair value is estimated to be UK£4.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Tazim Essani was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
First half 2024 earnings released: EPS: US$0.17 (vs US$0.17 in 1H 2023) First half 2024 results: EPS: US$0.17 (down from US$0.17 in 1H 2023). Revenue: US$34.2m (up 2.1% from 1H 2023). Net income: US$8.22m (down 2.5% from 1H 2023). Profit margin: 24% (down from 25% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Upcoming Dividend • Feb 22
Upcoming dividend of UK£0.11 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.7%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 1.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.71 per share. Announcement • Oct 14
City of London Investment Group plc Proposes Final Dividend, Payable on 27 October 2023 On 25 July 2023 City of London announced a final dividend for the year ending 30 June 2023 of 22 pence per share, and that would also give the option for shareholders to elect to receive dividends in USD at an exchange rate to be announced two weeks before the dividend payment date. The USD amount payable in respect of the final dividend has been determined with reference to the closing market exchange rate on 12 October 2023, resulting in an applicable exchange rate of £1:USD 1.2175. Accordingly, the USD amount payable to shareholders in relation to the final dividend will be 26.8 cents per share. The final dividend of 22 pence per share, subject to approval at the AGM on 23 October 2023, will be paid on 27 October 2023, bringing the total dividend for the financial year 2022-23 to 33.0 pence (2021-22: 46.5 pence including the special dividend of 13.5 pence paid in March 2022). Upcoming Dividend • Sep 21
Upcoming dividend of UK£0.22 per share at 8.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 October 2023. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 8.3%. Within top quartile of British dividend payers (6.2%). Higher than average of industry peers (3.5%). Reported Earnings • Sep 19
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.38. Revenue: UK£68.7m (up 12% from FY 2022). Net income: UK£17.5m (down 3.3% from FY 2022). Profit margin: 26% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to decline by 9.1% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Buying Opportunity • Sep 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be UK£5.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 3.8% in 2 years. Earnings is forecast to decline by 9.1% in the next 2 years. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by earnings (109% payout ratio). Announcement • Jul 26
City of London Investment Group Plc to Report Fiscal Year 2023 Results on Sep 18, 2023 City of London Investment Group Plc announced that they will report fiscal year 2023 results on Sep 18, 2023 Announcement • May 27
George Karpus Intends to Retire as Director of City of London Investment Group plc Immediately Following the Company's Board Meeting on 31 July 2023 City of London announced that George Karpus, a Non Executive Director, has indicated his intention to retire as a Director immediately following the Company's Board meeting on 31 July 2023. Mr. Karpus joined the Board following the Company's merger with Karpus Investment Management in October 2020. It was initially intended for Mr. Karpus's appointment as a non-executive Director to continue until the Company's AGM in 2021, and the Board unanimously approved the extension of his tenure for an additional period to support the integration of the two businesses. Whilst Mr. Karpus will be stepping down from his Director role, the Company will retain Mr. Karpus as a strategic advisor to the Board. Since joining the Board following completion of the Company's merger with Karpus, the Board has benefitted greatly from his extensive experience of the asset management industry. The Board looks forward to continued engagement with George in his role as strategic advisor to the Board and as a significant shareholder in the Company. Upcoming Dividend • Feb 23
Upcoming dividend of UK£0.11 per share at 7.4% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 31 March 2023. The company is paying out more than 100% of its profits and is paying out 78% of its cash flow. Trailing yield: 7.4%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.3%). Announcement • Jan 21
City of London Investment Group PLC Declares an Interim Dividend, Payable on 31 March 2023 The Board of City of London Investment Group PLC declared an interim dividend of 11 pence per share, which will be paid on 31 March 2023 to shareholders registered at the close of business on 3 March 2023 (2021: 11 pence). Ex-dividend date is 2 March 2023. Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 04 November 2022. Trailing yield: 8.4%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.5%). Reported Earnings • Sep 21
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: UK£0.37. Revenue: UK£61.3m (up 11% from FY 2021). Net income: UK£18.1m (up 6.6% from FY 2021). Profit margin: 30% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Capital Markets industry in the United Kingdom. Announcement • Sep 20
City of London Investment Group PLC to Report First Half, 2023 Results on Feb 17, 2023 City of London Investment Group PLC announced that they will report first half, 2023 results on Feb 17, 2023 Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Tazim Essani was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to UK£4.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£7.33 per share. Recent Insider Transactions Derivative • Feb 25
Board Member exercised options to buy UK£191k worth of stock. On the 23rd of February, Mark Dwyer exercised 50.00k options at around UK£3.60, then sold 12.50k of them at UK£5.34 each and kept the remainder. Since March 2021, Mark's direct individual holding has increased from 210.99k shares to 239.59k. Company insiders have collectively bought UK£670k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 20
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: UK£0.21 (up from UK£0.18 in 1H 2021). Revenue: UK£31.4m (up 33% from 1H 2021). Net income: UK£10.6m (up 61% from 1H 2021). Profit margin: 34% (up from 28% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.2%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Feb 17
Upcoming dividend of UK£0.24 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 25 March 2022. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.3%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Dec 05
Founder recently bought UK£475k worth of stock On the 2nd of December, Barry Olliff bought around 100k shares on-market at roughly UK£4.75 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Barry has been a net seller over the last 12 months, reducing personal holdings by UK£3.1m. Recent Insider Transactions • Oct 01
Founder recently sold UK£132k worth of stock On the 29th of September, Barry Olliff sold around 24k shares on-market at roughly UK£5.52 per share. This was the largest sale by an insider in the last 3 months. Barry has been a seller over the last 12 months, reducing personal holdings by UK£3.4m. Upcoming Dividend • Sep 30
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 07 October 2021. Payment date: 29 October 2021. Trailing yield: 6.0%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (2.8%). Reported Earnings • Sep 14
Full year 2021 earnings released: EPS UK£0.39 (vs UK£0.30 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£55.1m (up 66% from FY 2020). Net income: UK£17.0m (up 125% from FY 2020). Profit margin: 31% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 10
Founder & Advisor recently sold UK£232k worth of stock On the 7th of June, Barry Olliff sold around 43k shares on-market at roughly UK£5.40 per share. This was the largest sale by an insider in the last 3 months. Barry has been a seller over the last 12 months, reducing personal holdings by UK£3.2m. Major Estimate Revision • Feb 22
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from UK£0.46 to UK£0.36. Revenue estimate was approximately flat at UK£53.5m. Net income is expected to grow by 98% next year compared to 25% growth forecast for the Capital Markets industry in the United Kingdom. The consensus price target of UK£4.18 was unchanged from the last update. Share price is down by 7.2% to UK£4.88 over the past week. Recent Insider Transactions • Feb 18
Founder & Advisor recently sold UK£3.0m worth of stock On the 16th of February, Barry Olliff sold around 591k shares on-market at roughly UK£5.04 per share. This was the largest sale by an insider in the last 3 months. Barry has been a seller over the last 12 months, reducing personal holdings by UK£3.7m. Reported Earnings • Feb 18
First half 2021 earnings released: EPS UK£0.18 (vs UK£0.20 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: UK£23.7m (up 37% from 1H 2020). Net income: UK£6.56m (up 31% from 1H 2020). Profit margin: 28% (down from 29% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 06
New 90-day high: UK£4.97 The company is up 26% from its price of UK£3.95 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£6.45 per share. Is New 90 Day High Low • Jan 20
New 90-day high: UK£4.70 The company is up 15% from its price of UK£4.09 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£6.44 per share. Is New 90 Day High Low • Dec 30
New 90-day high: UK£4.48 The company is up 5.0% from its price of UK£4.25 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£6.50 per share. Recent Insider Transactions • Dec 17
Independent Non-Executive Chairman recently bought UK£86k worth of stock On the 11th of December, Barry Aling bought around 20k shares on-market at roughly UK£4.28 per share. In the last 3 months, there was an even bigger purchase from another insider worth UK£118k. This was Barry's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 01
Independent Non-Executive Director recently bought UK£118k worth of stock On the 28th of October, Rian Dartnell bought around 30k shares on-market at roughly UK£3.92 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold UK£587k more in shares than they bought in the last 12 months. Is New 90 Day High Low • Oct 02
New 90-day high: UK£4.29 The company is up 11% from its price of UK£3.86 on 03 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.36 per share. Upcoming Dividend • Oct 01
Upcoming Dividend of UK£0.20 Per Share Will be paid on the 30th of October to those who are registered shareholders by the 8th of October. The trailing yield of 7.1% is in the top quartile of British dividend payers (5.2%), and it is higher than industry peers (3.1%). 
