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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Caledonia Investments Plc | LSE:CLDN | London | Ordinary Share | GB0001639920 | ORD 5P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
3,550.00 | 3,555.00 | 3,560.00 | 3,525.00 | 3,525.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 183M | 142.9M | 2.6117 | 13.61 | 1.95B |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
17:07:44 | O | 600 | 3,555.00 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
01/5/2024 | 07:00 | UK RNS | Caledonia Investments PLC Total Voting Rights |
01/5/2024 | 07:00 | UK RNS | Caledonia Investments PLC Transaction in Own Shares |
29/4/2024 | 07:00 | UK RNS | Caledonia Investments PLC Transaction in Own Shares |
22/4/2024 | 07:00 | UK RNS | Caledonia Investments PLC Notice of annual results |
22/4/2024 | 07:00 | UK RNS | Caledonia Investments PLC Transaction in Own Shares |
15/4/2024 | 07:00 | UK RNS | Caledonia Investments PLC Transaction in Own Shares |
08/4/2024 | 09:27 | ALNC | Caledonia Investments net asset value up, but falls short of benchmark |
08/4/2024 | 07:38 | ALNC | *Caledonia Investments buys back 75,000 shares at 3,285.77p on Friday |
08/4/2024 | 07:30 | UK RNS | Caledonia Investments PLC Transaction in Own Shares |
08/4/2024 | 07:00 | UK RNS | Caledonia Investments PLC Unaudited net asset value and portfolio update |
Caledonia Investments (CLDN) Share Charts1 Year Caledonia Investments Chart |
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1 Month Caledonia Investments Chart |
Intraday Caledonia Investments Chart |
Date | Time | Title | Posts |
---|---|---|---|
22/4/2024 | 11:38 | Caledonia Inv Trust | 644 |
15/2/2010 | 19:40 | Caledonia IT versus RIT Capital IT | - |
19/9/2009 | 12:32 | caledodia charts | 3 |
19/7/2007 | 12:40 | Caledonia Investments | 8 |
10/7/2003 | 13:31 | Caledonian a strong buy | 1 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-05-03 16:07:44 | 3,555.00 | 600 | 21,330.00 | O |
2024-05-03 15:36:31 | 3,555.00 | 61 | 2,168.55 | AT |
2024-05-03 15:36:31 | 3,555.00 | 98 | 3,483.90 | AT |
2024-05-03 15:35:30 | 3,555.00 | 1,500 | 53,325.00 | O |
2024-05-03 15:35:17 | 3,555.00 | 5,723 | 203,452.65 | UT |
Top Posts |
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Posted at 04/5/2024 09:20 by Caledonia Investments Daily Update Caledonia Investments Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker CLDN. The last closing price for Caledonia Investments was 3,555p.Caledonia Investments currently has 54,715,554 shares in issue. The market capitalisation of Caledonia Investments is £1,945,137,945. Caledonia Investments has a price to earnings ratio (PE ratio) of 13.61. This morning CLDN shares opened at 3,525p |
Posted at 28/3/2024 23:33 by coolen Is there an irony here in that the sellers may be those institutions who have been vocal that the family board is not performing well enough, yet each share buyback purchase immediately increases the nav of those very shares they've just sold.I agree that you could make the same argument in respect of all the present investment trust buy-backs but, in this case, buying back at such a huge discount will eventually have a material effect on nav and may leave the sellers a little red-faced, especially if they are so-called "professional" managers. |
Posted at 13/3/2024 12:21 by lowtrawler CousinIT, what you are effectively saying is that the investment company discount applies to cash as well as other asset classes. Hence, if cash is held at a 20% discount, you will get an improvement in share price simply using the cash at face value. Logically, if markets were efficient then no discount would apply to cash but as we know markets are not efficient, we can improve valuations simply by spending the cash. |
Posted at 13/3/2024 11:19 by lowtrawler There is a danger that buybacks using low or zero discount to NAV assets (cash) to buyback shares that are heavily discounted to NAV does not change the overall situatione.g. consider a trust with £100 cash and £100 of private equity assets. It trades at zero discount to cash and a 50% discount on the private equity assets - so has a market value of £150 and overall discount to NAV of 33%. The company spends £50 buying back 1/3 of the shares, they then have £50 cash and £100 private equity assets with a market value of £100. The £50 spent has not altered the discount or changed the value of the shares. The only way to improve shareholder value from buybacks is to use assets that are discounted to NAV for the buyback eg, as per above except they monetise 50% of the private equity assets in order to buyback the same £50 of shares. They end up with £100 cash, £50 private equity assets and a market value of £125 which creates a higher share price and lower discount. |
Posted at 13/3/2024 10:39 by apparition1 With the Cayzer family still owning 48% of the almost £3 billion trust and an unbroken 55 year run of rising dividends I'm quite happy to stick with this as I feel they know what they are doing. I've noticed over the years that the price seems to spend quite long periods of time range bound and then suddenly spends 6 month steadily rising to a new area.With unrealised capital gains and dividends over the last 3 years my returns amount to 8.3% p.a. which for a small diversification in my portfolio is quite satisfactory. |
Posted at 13/3/2024 10:33 by riverman77 You're right, compared to the other PE funds CLDN seem to be making very little effort to tackle the discount, eg through buybacks. Hopefully they might announce something, but probably won't hold my breath. They have plenty of cash so certainly have the capability if they wanted to. |
Posted at 13/3/2024 10:29 by cousinit I'd just add, at current discounts I'd prioritise RCP over CLDN as they are buying back shares (admittedly, at a lower discount) but once there are some PE realisations I would expect the buyback to accelerate (so either would be accretive to NAV or start to close the discount) |
Posted at 13/3/2024 10:25 by cousinit I think at the recent AGM the approvals required to permit share buybacks were not passed, so the lack of life in the shares may be related to that. Most of the private equity funds which have had a bounce are, to greater or lesser degrees, buying back shares. Market seems to want a catalyst to buy currently, given the plethora of wide discounts available. |
Posted at 13/3/2024 09:06 by riverman77 Most of the PE funds have rerated a bit recently, while CLDN has gone the other way, so starting to look interesting as a trading opportunity if nothing else. About a third is in public equities so CLDN normally trades on a tighter discount than a traditional PE fund. Also I think the argument that the market distrusts PE valuations is becoming less plausible given the recent strength in stock markets.CLDN now on a 38% discount. If I apply a 10% discount for the public equities and a zero discount for the 9% cash position, the market is valuing the private holdings (the PE funds and the direct holdings) on a 60% discount. These all look pretty solid positions so looks to be significant value here. |
Posted at 11/3/2024 09:17 by chc15 Getting v close to my my buy trade going through, can't see any good reason for the recent price decline. |
Posted at 09/4/2021 16:27 by stevegrass777 Glad to see CLDN share price move upwards, but it's no surprise based on such a great update, considering the turmoil over the last year CLDN have done very well.The NAV has increased and I'm impressed with the performance of all the investments except buzz of course. But who could see total door closure coming. Anyway this update should show investors that CLDN can be reliable even in rough times. The NAV discount should really start to narrow over the next few weeks after the media starts reporting on these updates. |
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