City of London Investment Groupwww.citlon.co.uk TICKER: CLIG EXCHANGE: L
City of London Investment Group is a highly successful investment manager, with a range of funds investing in emerging markets; founded in 1991 by Barry Oliff. Initially it only managed closed-end funds which are not liable to be subject to pressures to sell investments when there is a lack of liquidity, but it now also manages three UCITS; one covers Emerging Markets through a portfolio of Investment Trusts and traded closed-end funds that are themselves focused on emerging markets, one investing directly in Emerging Markets and the third is focused on Natural resources. Each of them has outperformed its benchmark index. It has four offices in London, Philadelphia (because a large part of its client base comprises US pension funds), Singapore and Dubai.
Foreign buyers gorging on UK stocks
Document can be downloaded here: UK plc ‘going for a song’
Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.
Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.
What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.
According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.
Happy investing. Published 27th August 2019