ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CLI Cls Holdings Plc

82.30
-0.50 (-0.60%)
Last Updated: 11:29:48
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cls Holdings Plc LSE:CLI London Ordinary Share GB00BF044593 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.60% 82.30 31,556 11:29:48
Bid Price Offer Price High Price Low Price Open Price
82.50 83.00 82.40 81.20 81.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 113M -249.8M -0.6286 -1.31 327.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:38:40 O 2 83.00 GBX

Cls (CLI) Latest News

Cls (CLI) Discussions and Chat

Cls (CLI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:38:4083.0021.66O
09:50:5782.309779.83AT
09:47:1982.71990818.78O
09:29:5182.6910,0008,269.23O
09:10:3182.692,5002,067.33O

Cls (CLI) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Cls Daily Update
Cls Holdings Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker CLI. The last closing price for Cls was 82.80p.
Cls currently has 397,410,268 shares in issue. The market capitalisation of Cls is £327,068,651.
Cls has a price to earnings ratio (PE ratio) of -1.31.
This morning CLI shares opened at 81.50p
Posted at 24/4/2024 13:53 by skyship
Patience has to be the name of the game; and holding CLI provides a 9.6% covered yield whilst we do so.
Posted at 05/4/2024 11:20 by skyship
CLI today announced an InvestorMeet Presentation on 11th April. Board deciding to hit the PR trail to stop the slide; but may require more than that.

A tender would usually be the ticket; however debt levels preclude.

The family should take advantage of the current share price and buy it in - as DJAN did a few years back. A cheeky lowball bid, but still at a 60% premium to the then share price I recall.
Posted at 02/4/2024 20:48 by spectoacc
10% yields not so uncommon tho - eg SEIT, GSF (12%!), GCP (nearly), NESF. That's not counting the winder-uppers, which I'm sure holders will be hoping for 15%+ pa on (eg ADIG, API, GABI, VSL).

Think CLI being tarnished by both the US offices implosion (which could have years to run) and the wholly predictable RGL train wreck.

CLI is no RGL, but where will the price settle..
Posted at 02/4/2024 15:55 by spectoacc
Not sure if/when to average CLI - SERE also looks very decent & have a subscale holding.

As many have pointed out - there's been no more director buying, only the gift of very low price options.
Posted at 12/3/2024 14:29 by spectoacc
It's a view, but it's about CLI's valuation, not the poor outlook. CLI can hang on until interest rates start to fall, and some other office providers have given up the ghost.

10p EPS and £2 s/p, maybe not. 10p EPS and 93p s/p, much more interesting.
Posted at 12/3/2024 14:01 by ammons
dated 7 March 2024, sell, FWIW

===========================================

CLS Holdings' office values continue their freefall

Investors waiting on a recovery in this property equity's fortunes should invest their time and money elsewhere

March 7, 2024

by Mitchell Labiak

Vacancy rate climbing

Earnings and dividend growth look weak

Pretty much any way you look at it, CLS Holdings (CLI) is headed in the wrong direction.

The landlord's portfolio of European office assets outside big city centres is nosediving in value even faster than last year as high interest rates and questions around post-Covid working continue. Its net asset value (NAV) has been slashed by 28.5 per cent from its 327p high point in 2021, while its shares have lost well over two-thirds of their value since a high of 311p in late 2019.

IFRS earnings per share (EPS) do not cover its flat dividend, but adjusted earnings per share (EPS) stripped of valuation changes does. However, that adjusted EPS fell from 11.6p to 10.3 because its net rental income growth failed to offset rising finance costs from its growing net debt mountain, which is now larger than its equity value. This enormous leverage makes it unique in the UK-listed property sector. Not in a good way.

Consensus forecasts are for adjusted EPS to nudge up to 10.6p by 2025 and for the dividend to hit 8.22p, but even this limited growth looks overly bullish. CLS' vacancy rate has climbed to 11 per cent from 7.4 per cent the year before, driven by its empty UK offices, where vacancy climbed from 10 per cent to 15.8 per cent. When there is so much space in your portfolio, it becomes hard to raise rents, something retail landlords know all too well. The discount to NAV might tempt some, but we believe this is a fair reflection of the strong possibility that CLS will need to offload its emptying assets into a depressed market to chip away at its debt. Sell.
Posted at 16/2/2024 10:20 by wshak
Hi Skyship,

I'm in for the long haul with CLI.

With a lot of these ITs, REITS, property companies, etc, I just want to see what prices look like when interest rates come down in 12 months, and clip divis whilst I wait.

I haven't gone mad on CLI but have a chunk that I wouldn't want to lose.

Main thing holding me back from investing more seriously is an investment that went badly wrong in Speymill Deutsche back in the day when there was also a ridiculous discount to NAV. Debt was much higher there, however.
Posted at 16/2/2024 09:56 by skyship
WShak - re CLI - are you looking for an end game here or just a trade?

As stated before, I think the anti-office sentiment has been way, way overdone with CLI, perhaps exacerbated by the fact that 60% is held by the Mortstedts.

The upcoming Prelims (8th March last year) should clarify matters somewhat, ie, just how bad a write-down will we see on the German assets.

IMO however you cut it, the sell-down here is overdone; and then some!
Posted at 23/1/2024 16:29 by skyship
CLS Holdings (CLI) – Massive NAV Discount coupled with a very high Yield

CLI is a commercial property investment company with a £2.21bn portfolio split between the UK (46%); Germany (42%) and France (12%). It specialises in prime offices in prime locations. It has c718 tenants, including blue-chip organisations and government departments.

Exc. Shares held in Treasury, there are 397.4m shares in issue. As at 23rd Jan’24 CLI had a MCap of c£378m.

The family of the founder together hold 60% of the equity, with one family member, Bengt Mortstedt, serving as a Non-Exec director.

The quality of their properties can be viewed on their website; and of special interest is this presentation of a newly completed refurbishment in the City, in London:



06/03/24 – Prelims to 31st Dec’23


09/08/23 – Interims to 30th Jun’23


15/11/23 – Q3 Trading Update


Co. website:
Posted at 16/11/2020 13:50 by acol
I repurchased 75% of my original holding in 2 traunches at an average price of about 213p. The deciding factor for me was the announcement of the vaccine, a factor that has had no real impact on its share price.

The main risks for me is whether or not Covid will have a major impact on firms deciding to let staff work from home in the future, post Covid. Even with blue chip clients, such working change could have a major impact on firms specialising in leasing out office space.

With its portfolio spread between several countries I am not sure that a successful Brexit deal will have a huge impact on CLI share price. I agree with the OXMAN that the share price should be closer to 250p.
Cls share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock