Share Name Share Symbol Market Type Share ISIN Share Description
Caledonia Investments Plc LSE:CLDN London Ordinary Share GB0001639920 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.16% 3,085.00 3,080.00 3,095.00 3,100.00 3,050.00 3,050.00 24,103 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 52.2 33.2 63.0 49.0 1,709

Caledonia Investments Share Discussion Threads

Showing 251 to 275 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/7/2017
12:59
I note the discount at about 12% is around the tightest it's been for a while. The question now is whether it finally rerates to a single digit discount that it deserves, or if it reverts to the usual 20% level.
riverman77
10/7/2017
10:08
starting to reclaim Xd fall....IMO
qs99
05/7/2017
13:22
XD will give c.140p divi.....NAV cum-income is £34.19 so still sitting at a big old discount to NAV and as discussion here has pointed out, IMO/DYOR underlying NAV likely to be nearer £40....GLA and look forward to the next NAV update....must be due soon...
qs99
05/7/2017
07:14
XD tomorrow DYOR...nice special divi coming in...
qs99
26/6/2017
14:45
OK well IMO that looks like a confident break through £30...DYOR
qs99
26/6/2017
11:09
decent volumes today.
qs99
16/6/2017
12:40
Through £30 great
qs99
05/6/2017
09:14
and some more today....happy days
qs99
02/6/2017
14:09
still storming ahead...
qs99
02/6/2017
08:29
£30 today?
qs99
01/6/2017
10:07
be great to boom through £30....may get to your £34 short-term price target soon bolador and with yield in bewteen,.....GLA
qs99
01/6/2017
09:25
Mentioned in Questor column.
tiltonboy
01/6/2017
09:11
Looks like people are buying into that hidden value IMO
qs99
01/6/2017
08:16
Discount.Well a bit narrower this morning. The dividend policy is to keep it well covered to assure it is never in danger of being cut but return capital when success above the ordinary arrives such as this year.The dividend has been going up since the end of WW2. It looks to me that the nav is north of GBP40, discount that by say 15% to get a market price of GBP34.Not likely to happen quickly but the current price offers a wide margin of safety.
bolador
31/5/2017
21:30
Henchard, I totally agree with your last para, and would add backing good management is also key. Hidden value isn't always apparent,"beauty is in the eye of the beholder" comes to mind. Sometimes you need a catalyst to erase a perennial discount. I'm not advocating a wind-up as JPEL did, and paid off handsomely, and I'm also not suggesting putting a DCM in place, but perhaps a more aggressive dividend policy will do the job, and I was delighted to see the return of capital. With a controlling family interest it is inevitable that there will be a discount, but it matters not to me as a long term holder. The only time I want to see the discount narrow is the day I wish to sell them. The management deserve more credit, and a narrower discount, but you don't always get what you deserve. HRI are in a similar situation, as are a few others.
tiltonboy
31/5/2017
20:38
Well, yes, you're not going to get news flow from private companies like you do from listed companies in RNSs every other week (slight exaggeration but you know what I mean). What you can do, though, is compare the book value of the unquoted companies (or any valuation you may care to put on them, e.g. sales or earnings multiples) and compare that with the value at which the business is held on CLDN's books. Judging whether CLDN is a good investment at any particular point in time is all about assessing 'look-through' NAVs and 'hidden value'.
henchard
31/5/2017
20:10
which can be 9 months out of date when filed and even more out of date to H1 of the filed accounts!
qs99
31/5/2017
20:07
Henchard, I am more interested in current newsflow, trading etc than the accounts.
tiltonboy
31/5/2017
19:55
tiltonboy It's difficult to find out any real information on the private stuff ... Companies House (free to search) is a useful source of information (including accounts) on any UK unquoted company. e.g. Gala Bingo hTTps://beta.companieshouse.gov.uk/company/00801616/filing-history , Seven Investment Management hTTps://beta.companieshouse.gov.uk/company/OC378740/filing-history , etc.
henchard
31/5/2017
19:45
It's difficult to find out any real information on the private stuff, and you are trusting in the ability of CLDN to pick good companies. I have every confidence in them, and continue to buy the shares.
tiltonboy
31/5/2017
15:44
tiltonboy, Five % is rich but then I did not use that figure but I think you will find that 2% is too low for a good clean business without problems as this one seems to be. Rather than thinking about various valuations I would like to find out a bit more of the other unquoted investments. Any views welcome..
bolador
31/5/2017
13:33
great post, thanks.....helps explain how they can keep managing increases so well, lots banked away already!
qs99
31/5/2017
13:06
I think 3-5% is very rich. I wouldn't use much more than 2%, which still represents a healthy mark-up.
tiltonboy
31/5/2017
12:46
QS99, in support of your comment as follows, An example of hidden value at Caledonia. They wholly own Severn Investment Management and value it on the books at eighty one million pounds. Now Severn manages 11 billion pounds and these sort of funds are usually valued by the industry at three to five per cent of the funds managed. Three per cent of eleven billion is three hundred and thirty million and five per cent is 550 million pounds ! As against a book value of GBP81m. Lets assume Caledonia is sitting on a book profit of 250 million pounds over and above the declared value of 81 million then thats an extra fifteen per cent on the stated NAV of GBP33.73 or NAV38.78 pounds per share. This means that on this one value mark up the shares are on a discount of ten pounds a share or just about twenty five per cent. All these figures are readily found on the net. Amazing..
bolador
31/5/2017
10:23
Bought some more, why this continues to sit at c.15% discount when it continues to deliver year on year returns and yield is a mystery when some sit at premiums! Why not this one! anyway, xd in early July GLA and DYOR
qs99
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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