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CLDN Caledonia Investments Plc

3,390.00
5.00 (0.15%)
09 Oct 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  5.00 0.15% 3,390.00 56,000 16:35:12
Bid Price Offer Price High Price Low Price Open Price
3,370.00 3,390.00 3,415.00 3,380.00 3,400.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 243.5M 203.8M 3.7757 8.95 1.83B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 UT 6,354 3,390.00 GBX

Caledonia Investments (CLDN) Latest News

Caledonia Investments (CLDN) Discussions and Chat

Caledonia Investments Forums and Chat

Date Time Title Posts
13/9/202407:10Caledonia Inv Trust657
15/2/201019:40Caledonia IT versus RIT Capital IT-
19/9/200912:32caledodia charts3
19/7/200712:40Caledonia Investments8
10/7/200313:31Caledonian a strong buy1

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Caledonia Investments (CLDN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:123,390.006,354215,400.60UT
15:23:333,380.0010338.00AT
15:23:333,380.0010338.00AT
15:23:333,380.00267.60AT
15:23:223,385.004135.40AT

Caledonia Investments (CLDN) Top Chat Posts

Top Posts
Posted at 09/10/2024 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 3,385p.
Caledonia Investments currently has 53,976,438 shares in issue. The market capitalisation of Caledonia Investments is £1,824,403,604.
Caledonia Investments has a price to earnings ratio (PE ratio) of 8.95.
This morning CLDN shares opened at 3,400p
Posted at 25/5/2024 19:27 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 15:00 by skyship
Too darned slowly in my book. I mainly live off my drawdown SIPP; drawing down an annual 7.5%. So clearly CLDN not one for me, other than an occasional trade when the share price gets out of kilter.
Posted at 25/5/2024 13:24 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 07/5/2024 15:08 by qs99
Nice increase in NAV....with share buybacks continuing, hopefully we can narrow that discount...DYOR
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 situation

e.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 10:33 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 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 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.
Caledonia Investments share price data is direct from the London Stock Exchange

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