Scientific Digital Imaging plc (LON:SDI) for City of London Investment Group PLC (LON:CLIG)
I sold shares in City of London Investment Group PLC (LON:CLIG) in order to buy Scientific Digital Imaging plc (LON:SDI). CLIG is a decent high yielding stock although it is struggling to grow assets under management (AUM) and is suffering from fee compression along with the rest of the fund management industry. Meanwhile, SDI is a fast growing acquirer of niche scientific instruments with a couple of years of successful execution behind it. In the absence of any major emerging market volatility CLIG is going to perform averagely, whereas SDI has the potential to multiply in price if management can continue treading the right path and financial conditions remain benign.