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CLDN Caledonia Investments Plc

3,855.00
40.00 (1.05%)
14 Feb 2025 - 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
  40.00 1.05% 3,855.00 19,564 16:35:02
Bid Price Offer Price High Price Low Price Open Price
3,855.00 3,865.00 3,860.00 3,810.00 3,810.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 243.5M 203.8M 3.7835 10.20 2.05B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 4,615 3,855.00 GBX

Caledonia Investments (CLDN) Latest News (2)

Caledonia Investments (CLDN) Discussions and Chat

Caledonia Investments Forums and Chat

Date Time Title Posts
28/1/202510:09Caledonia Investments10
19/12/202407:28Caledonia Inv Trust693
15/2/201019:40Caledonia IT versus RIT Capital IT-
19/9/200911:32caledodia charts3
10/7/200312:31Caledonian a strong buy1

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Caledonia Investments (CLDN) Most Recent Trades

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Caledonia Investments (CLDN) Top Chat Posts

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Posted at 15/2/2025 08:20 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 3,815p.
Caledonia Investments currently has 53,864,796 shares in issue. The market capitalisation of Caledonia Investments is £2,079,181,126.
Caledonia Investments has a price to earnings ratio (PE ratio) of 10.20.
This morning CLDN shares opened at 3,810p
Posted at 22/1/2025 12:49 by stevegrass777
Very Pleased with the Private Equity presentation today,nice to see things are ticking along very well.
They were putting across about how careful they are about purchasing new private equity,and the approach around how they add value.
And TBH the numbers do back them up, along with the fact the do win purchases based on there approach and not just based on price.
I've always been pleased with there private equity trading and trust them with how they seem to handle it.
Great investment company,at a discount to nav that isn't warranted.
Posted at 05/12/2024 15:28 by qs99
NAV update is great, yet shares continue their lack-lustre approach. When does this share buy back "squeeze" happen? As seems to be zero demand to help it along?! DYOR
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-homework unlisteds.

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 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 14:00 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 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 09/4/2021 15:27 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

Caledonia Investments Frequently Asked Questions (FAQ)

What is the current Caledonia Investments share price?
The current share price of Caledonia Investments is 3,855.00p
How many Caledonia Investments shares are in issue?
Caledonia Investments has 53,864,796 shares in issue
What is the market cap of Caledonia Investments?
The market capitalisation of Caledonia Investments is GBP 2.05B
What is the 1 year trading range for Caledonia Investments share price?
Caledonia Investments has traded in the range of 3,200.00p to 3,860.00p during the past year
What is the PE ratio of Caledonia Investments?
The price to earnings ratio of Caledonia Investments is 10.2
What is the cash to sales ratio of Caledonia Investments?
The cash to sales ratio of Caledonia Investments is 8.54
What is the reporting currency for Caledonia Investments?
Caledonia Investments reports financial results in GBP
What is the latest annual turnover for Caledonia Investments?
The latest annual turnover of Caledonia Investments is GBP 243.5M
What is the latest annual profit for Caledonia Investments?
The latest annual profit of Caledonia Investments is GBP 203.8M
What is the registered address of Caledonia Investments?
The registered address for Caledonia Investments is CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, SW1E 6NN
What is the Caledonia Investments website address?
The website address for Caledonia Investments is www.caledonia.com
Which industry sector does Caledonia Investments operate in?
Caledonia Investments operates in the DIVERSIFIED INVESTMENT HOLDING sector

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