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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Caledonia Investments Plc | CLDN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 30.00 | 0.85% | 3,540.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3,530.00 | 3,510.00 | 3,530.00 | 3,540.00 | 3,510.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/11/2024 | Interim | GBP | 0.1969 | 05/12/2024 | 06/12/2024 | 09/01/2025 |
| 21/05/2024 | Final | GBP | 0.5147 | 27/06/2024 | 28/06/2024 | 01/08/2024 |
| 21/11/2023 | Interim | GBP | 0.1893 | 30/11/2023 | 01/12/2023 | 04/01/2024 |
| 23/05/2023 | Final | GBP | 0.492 | 29/06/2023 | 30/06/2023 | 03/08/2023 |
| 22/11/2022 | Interim | GBP | 0.182 | 01/12/2022 | 02/12/2022 | 05/01/2023 |
| 26/05/2022 | Final | GBP | 0.473 | 30/06/2022 | 01/07/2022 | 04/08/2022 |
| 26/05/2022 | Special | GBP | 1.75 | 30/06/2022 | 01/07/2022 | 04/08/2022 |
| Interim | GBP | 0.175 | 02/12/2021 | 03/12/2021 | 06/01/2022 | |
| 27/05/2021 | Final | GBP | 0.459 | 01/07/2021 | 02/07/2021 | 05/08/2021 |
| 10/01/2020 | Interim | GBP | 0.17 | 03/12/2020 | 04/12/2020 | 07/01/2021 |
| 10/01/2020 | Final | GBP | 0.445 | 25/06/2020 | 26/06/2020 | 06/08/2020 |
| Top Posts |
|---|
Posted at 26/11/2024 07:40 by spectoacc I very much doubt it. As well as 5% being not a lot, and many other co's buybacks not working in that way, it creates an over 50% holding for the Concert Party. They can say what they like about their current intentions to not rock the boat, but what about in future?Meanwhile: "The Company's aim is to generate long-term compounding real returns that outperform inflation by 3 per cent. to 6 per cent. over the medium to long term, and the FTSE All-Share index over 10 years. " In share price terms, they're down 6.6% over 1 year, down 17% over 2 years, down 11% over 3 years - all at a time when inflation was rampant - and up only 9.5% (excluding dividends) over 5 years. This looks like an attempt to bolster management performance more than anything. Yes, NAV has risen in the timeframes above, but too much of NAV is now in mark-your-own-homewo Open to alternative arguments, but looking at ITs with decent buybacks, eg FGEN, NESF, it takes a CGT-style unlimited buy back to control share price vs NAV. CLDN isn't on a wide discount just because of market conditions, it's because of missteps and the unlisteds. Some PE ITs eg HVPE are on wider discounts (-41.5% atm). |
Posted at 08/11/2024 09:15 by bigboyblue I guess you're right about the tax reasons, although I'm no expert.It's true that the last special dividend in 2022 was worthwhile. The one before that was in 2017 and before that 2000. If you were to invest in the hope of receiving a special divi, you could be waiting for a very long time. |
Posted at 05/11/2024 21:15 by elsa7878 Agreed. Sell down say the biggest 3 holdings and then have £500 million plus in cash (approx 30% of the market cap including the cash they already have) and pay a large (though not all of it) dividend. Alternatively just keep the funds in cash earning 4%+pa. The share would then rerate accordingly. Part of the problem here is the very low yield of approx 2%. |
Posted at 05/11/2024 21:01 by spectoacc Suspect Buffett's played a blinder with Apple.The only one I'm short of is Nvidia, via writing calls, & it's generally killing me :) (If I thought CLDN might sell down the US stuff, I'd be more interested.) |
Posted at 05/11/2024 20:31 by spectoacc Guess could equally be argued that the buy backs haven't helped the share price or discount much - would we notice if they ceased.Altho if they really tanked, not being able to buy more to accrete NAV could be frustrating. My main concern with CLDN isn't the private stuff - which is surely discounted enough here - but the US big tech, beloved by all but IMO in a massive, epoch-defining bubble. Do I want exposure to MSFT, Oracle, Texas Instruments etc? I don't, but have been very wrong thus far (which doesn't necessarily make me wrong now). |
Posted at 05/11/2024 18:56 by elsa7878 Investors in Caledonia Investments (CLDN) have signalled their concern over the suggested creeping control of the Cayzer family which holds 49% of the £2.9bn listed global fund.At each annual general meetings since 2010, company data shows, shareholders voted to waive rule nine of the Takeover Code, meaning the Cayzers would not have to bid for the trust, despite their stake being well past the 30% stake threshold. This allows the board to continue to buy back shares, shrinking the overall pot. However, at an AGM in July, 35% of voting shareholders holding 3.7m shares, voted against the waiver. This included a large shareholder which had previously supported the resolution adopting a policy of voting in line with the proxy voting advisor’s recommendation, a stock exchange notice said. The proxy adviser is generally not supportive of such rule nine waiver resolutions given their potential to lead to creeping control. ‘In response to the feedback received from this shareholder, who continues to be supportive of management, the company continues to engage with this proxy voting adviser,’ the board wrote. ‘We recognise the concern raised by the proxy voting advisor. However, the directors believe that CLDN’s ability to exercise the authority to make market purchases of its own shares warranted approval of the rule nine waiver resolution.’ Of the shareholders, 6.7m, or 65%, supported waiving the resolution, while 10.6m shares did not vote. The Cayzer family cannot participate. The largest shareholders after the family are bargain hunters 1607 Capital Partners and Allspring Investments, which have respective positions of 4.3% and 3%, according to Refinitiv data. Data going back to 2010 shows more than 20% of voting shareholders were against waiving the resolution before, in line with proxy adviser recommendations, but this marks the first time since the new corporate governance codes were established in 2018 that it has gone above the threshold at which the board needed to consult shareholders. Trodd said Caledonia is ‘perennially cheap’ given the family’s large stake, which ‘limits liquidity and the ability to manage the discount’. ‘Nevertheless we believe the downside to the discount is limited and therefore the company is well placed to deliver and attractive share price returns,’ he commented. |
Posted at 25/5/2024 18:27 by jeffian I'm in rather the same position as Skyship in living off dividends/pension but I have spread myself across a range of IT's to give a 'blended' return. The idea is to get a reasonable income but also maintain the real value of the capital vs. inflation. I am in CLDN but also have MRCH, BBGI, CTY, EDIN, JCH and MAN GLG among others which are all higher yielding to offset the others and give at least the sort of return Skyship is looking for. |
Posted at 25/5/2024 16:35 by spectoacc Arguably at the mercy of their discount, and should look at NAV growth + dividend, rather than share price + dividend.But generally agree - you can get over 4%, tax-free, in risk-free GILTs. One to dip in & out of. |
Posted at 25/5/2024 12:24 by apparition1 Hi Elsa. Certainly not a get rich quick share but if that's what you're looking for you shouldn't really be in Investment Trusts.Over the last 10 years (you can choose any period you like it's not been chosen deliberately) the share price has grown an average of 4.85% p.a. and the dividend has grown 3.36% p.a. So for a low income profile you double your money in 10 years with dividends re-invested. A case of get rich slowly. |
Posted at 25/5/2024 08:04 by skyship 57 consecutive years of progressive dividend growthProposed final dividend of 51.47p, taking total dividend for the year to 70.4p, a 4.5% increase compared to 2023 and extending our record of growing annual dividends to 57 consecutive years ================= Bah humbug. If you pay a dividend giving a lowly 2% yield; then easily done. Stop paying out for buybacks and instead pay a proper dividend - calculated as a %age of NAV. 3% perhaps. |
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