Caledonia Investments Plc

-55.00 (-1.6%)
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
  -55.00 -1.6% 3,375.00 35,964 15:04:53
Bid Price Offer Price High Price Low Price Open Price
3,360.00 3,390.00 3,430.00 3,360.00 3,405.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Diversified Investment Holding 627.30 611.20 1,118.10 3.09 1,846.65
Last Trade Time Trade Type Trade Size Trade Price Currency
15:20:58 O 730 3,367.74 GBX

Caledonia Investments (CLDN) Latest News

Caledonia Investments (CLDN) Discussions and Chat

Caledonia Investments Forums and Chat

Date Time Title Posts
23/5/202311:14Caledonia Inv Trust562
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

Caledonia Investments (CLDN) Top Chat Posts

Top Posts
Posted at 20/4/2023 15:10 by apparition1
Seems a steep price. Worryingly the accounts for AIR-serv Ltd (which seems to be the group holding company) to 31 March 2022 are overdue at Companies House. Last available accounts are March 2021 and they show EBITDA of about £11 million. Obviously those accounts will probably have been hit by the pandemic. Based on the quoted profits in the press release EBITDA for the year to 31/3/22 might be nearer £13 million but even those accounts (wherever they are) are now 12 month old.
Posted at 20/4/2023 14:00 by qs99
"Headquartered in Wigan, Lancashire, it also has offices in six European countries (the Netherlands, Belgium, Spain, France, Germany and Ireland), employing over 200 people and selling to over 2,500 customers. In its year to 31 March 2022, Airvending Limited reported profit after tax of GBP4.5m and gross assets of GBP45.3m, and AIR-serv Netherlands B.V. and its subsidiaries reported an aggregated profit after tax of EUR0.9m and gross assets of EUR35.0m respectively."

Poor RNS, price paid only, nothing about how profitable (or not) it is, merely this at the bottom of the notes.....what is the normalised EBITDA it has been bought on for instance, debt/cash free what?

Really poor for such a big deal.


Posted at 29/3/2023 15:04 by essentialinvestor
Price beginning to look interesting again?.
Posted at 07/11/2022 11:55 by jaf111
Agreed…and despite the increase in share price over the past couple of weeks it’s still on a ridiculous discount (over 25%)…..Unbelievable!!!
Posted at 04/10/2022 16:56 by riverman77
Ridiculous to say this would be realised for less than the share price. It's on a 35% discount and holds around 10% in cash and 30% in public equities, which would be realised very close to NAV. That means the 60% held in private companies and funds would need to be sold for 60% below holding value. Given CLDN are always prudent in their valuations and usually realise at significant uplift, and given that most of the companies are performing well, this is clearly a nonsensical statement. Another one for the filter button.
Posted at 28/9/2022 16:40 by m_kerr
if this falls further it's a clear buying opportunity. roughly equal sterling and dollar exposure. only around 17% of the underlying revenues of the portfolio are generated in the UK.

looking across the portfolio, virtually all of the funds segment (30% AUM) are US and asian. the quoted equity is only around 40% UK listed, and even so, that will include companies like BAT, unilever, and reckitt benckiser which are global businesses with substantial US dollar earnings. finally, they should have around £300m in cash, having turned some of the portfolio into cash over the last year.

there's clearly a significant margin of safety at this sort of share price.

Posted at 04/8/2022 18:41 by skyship
As per my June post:
Current NAV discount of 25.4% compares with:

# ICGT - 40.5%
# HVPE - 43.8%
# NBPE - 39.9%
# PIN - 42.1%

A switch out of CLDN (3765p) and in to HVPE (2120p) would look to be a good move.

CLDN XD - but share price unchanged. HVPE up 14%.

CLDN on 24% discount; HVPE on 39%.

Posted at 22/6/2022 18:38 by stevegrass777
I read 479 and it doesn't really say why hvpe should be on the same ratings as cldn,but when i look into hvpe i find Cldn has a rising dividend history (unbroken) longer than hvpe has been founded. And hvpe top 10 holdings mainly say harbour vest xxxxx xxxxxx so i haven't delved any further but I don't like that to start with.
Anyway in now way can you compare cldn with hvpe, not with investments or history, or even it's longevity. I will gladly pay more for cldn, and it seems so will alot of other investors.
You can point at charts and compare them, but that doesn't tell you what kind of risk you are taking on or what holdings are in the I Trust etc.

Posted at 19/6/2022 11:28 by skyship
Steve - you are right - CLDN isn't 100% PE, but the business model very akin. The AIC categorise them as "Flexible Investment" rather than PE.

However, you talk of stellar performance - not so. They are no laggard and have done well; but their performance is pedestrian versus true PE.

See this comparison with 3 of the PE stalwarts I mentioned earlier:

NAV Growth.........3 Yr.........5Yr

# CLDN.............40.4%........50.7%
# HVPE.............104.9%.......162.4%
# NBPE.............68.0%........87.6%
# PIN..............72.0%........112.5%

In spite of that substantial outperformance, the NAV discounts closed on Friday as below:

CLDN: 27.1%; HVPE: 45.1%; NBPE: 39.9%; PIN: 43.5%

Finally take a look at the chart of those 4 trusts below. The share prices reflect the others' out-performnace, though only marginally in the case of NBPE.

I stand by my view that a switch from CLDN to HVPE would be a sound move; and I look forward to revisiting that decision in the future.

free stock charts from

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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