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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Caledonian Trust Plc | CNN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 125.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 125.00 | 125.00 | 125.00 | 125.00 | 125.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 20/12/2023 18:07 by spob The annual economics lecture was released today |
Posted at 23/12/2020 08:16 by spob For an economics and virology lecture, go here ... |
Posted at 18/12/2019 07:59 by spob For an economics lecture, go here ...You may also find the annual results in there somewhere |
Posted at 17/5/2018 18:12 by spob i first bought CNN in January last year at 110p, then doubled up at 90p and then bought more again at 190p |
Posted at 03/4/2018 12:46 by spob Interim results |
Posted at 16/1/2017 10:14 by profdoc Huge Pants,I agree that the St Margaret's land is worth a lot. I wrote a Newsletter on the valuation of the property (part of a series of three). Here is some of it - I would value your observations. In this Newsletter I’ll try to value the plots, houses and offices owned by the company. Such an estimate is fraught with danger. Indeed, individual asset valuations shown below are bound to be wrong (by a large margin in many cases), so do not take them too seriously, but I hope that in averaging-out we have a reasonably accurate minimum value of the company’s assets. I think these are conservative assumptions (as I understand commuter belt houses around Edinburgh sell for £200 - £250 per sqft,). For the assets listed in the table I have made a very rough and ready estimate of value based on the following notions: • Plots, barns with permission to build or convert, or offices already built, are valued at £80 per square foot. For Edinburgh office space unbuilt but with planning permission £40 per sqft. That is my guess of what they could be sold for (on average) as plots or unconverted farm buildings (more value might be available if CNN undertook the build and then sold as completed houses). • Planning permission applied for but not yet achieved is valued at £10 sqft of house space. • Land is valued at £10,000 per acre. Bear in mind that I have not allowed for any success in persuading councils to include acres of farmland in local plans, e.g. the 200 acres at Gartshore where “proposals have been prepared for a village of several hundred cottages and houses together with local amenities, all within the existing landscape setting”. If these proposals are accepted then the value of the company becomes a multiple of its current MCap. - a real bonanza. Those sites with planning consent Estimated value in June 2016: £80 sqft for consented, £10 sqft if without consent St Margaret’s House: Currently 92,000 sqft offices + 168 parking spaces. Market rental £0.5m pa. PP for flats for sale, and/or private rented flats and/or students and/or offices (231,000 sqft). Also “Part of the site is ideal for an hotel”. 2016 Report: “the Company intends either to develop or undertake a joint venture development of St Margaret's or, if suitable offers are made, to realise its value” My valuation: £7.4m Brunstane Home Farm: 1 cottage built (£0.3m) + pair of semis built (2,850sqft, £0.8m) + PP for 10 houses, of which 5 nearly completed and 5 scheduled to start build soon (14,648sqft) + Georgian steading + rundown cottage + detached stone building with consent for conversion and extension (3,226 sqft) + Proposals for a two-acre site, “have been accepted in principle” for 18 new-build houses (21,923 sqft) + “lodged a planning application for an extensive residential development”. 2016 Report: “I expect the sales value of this Horsemill refurbishment and the new Stackyard [the 10 houses, I think] to be around GBP4.5m.” My valuation: £0.3m + £0.8m + £4.5m minus £1.3m build costs of 5 houses + £0.5m + £0.1m + £0.3m + £0.2m + ? = £5.4m Wallyford: PP for 6 detached + 4 semis (12,496sqft) 2016 Report: “Given these greatly improved circumstances I expect to continue the development of our ten houses next year.” My valuation £1m Belford Rd: 22,500sqft of offices + 21,000sqft for 20 flats 2016 Report: “we will seek to commence the development with a value in excess of GBP10m next year.” My valuation: £3.5m Dunglass: PP for 48 house plots. 2016 report: “We intend to build a few houses there in order establish demand, … I expect the results will allow us to develop the whole site, but at a modest build rate.” Possibility of another 30 houses: “the ground conditions, which initially appeared to preclude development, may be remediated”. My valuation: £3.8m Hazeldean: PP for 28 house plots My valuation: £2.2m Chance Inn: PP for 10 houses (21,836sqft) + farmhouse + 11 paddocks My valuation: £2.3m Carnbo: PP for 4 houses (7,900sqft) My valuation: £0.6m Strathtay: 4 houses + mansion (16,851sqft). 2016 Report: “Work is in progress to move services to permit the formation of entrances onto the public road in order to allow marketing of the two large house plots [worth £0.5m].” My valuation: £1.3m Myreside Farm: PP for 5 houses (8,531sqft) My valuation: £0.7m Larennie: PP for 9 houses (19,325sqft). 2016 Report: “a start will be made to the development in order to endure the consent which currently expires in April 2017” My valuation: £1.5m Ardpatrick: More than 10 houses My valuation: £1.2m Tomperran: 30 acres + farmhouse. PP for 25 houses (33,912sqft) My valuation: £3m Those without planning consent. Gartshore: 200 acres + 20,000 sqft of buildings. 2016 Report: “proposals have been prepared for a village of several hundred cottages and houses together with local amenities, all within the existing landscape setting. This development would complement our separate proposals for a high-quality business park, including a hotel and a destination leisure centre, all situated in mature parkland. Discussions with East Dunbartonshire Council continue.” My valuation: £2m Frithfield: 12 houses (20,326sqft) My valuation: £0.2m Nydie (3 miles from St Andrews) “Proposals will be prepared for 7 houses over 10,000sqft.” My valuation: £0.1m TOTAL £36.2m Property value plus other assets minus all liabilities £36.2m + £0.27m - £4.3m £32.17m or £2.73 per share I estimate the hidden value in this company to be so large as to make the real net current asset value around £32m or £2.73 per share, compared with the current share price of 96p. The shares were last above £2.40 at the end of the last property cycle upturn in 2007. |
Posted at 13/5/2016 12:33 by thomasthetank1 Read Beaufort Securities's note on CALEDONIAN TRUST PLC (CNN), out this morning, by visiting hxxps://www.research"Caledonia’s financial and operating results for the first quarter of 2016 look promising despite the low realised price of gold. The company was also successful in reducing the fixed cost per ounce of gold produced. Moreover, the projected increase in production in 2016 is expected to result in improved cash generation due to higher sales volume and lower costs per ounce of gold, as fixed costs are spread over more gold ounces produced. The higher gold price, if sustained, will further enhance cash generation. Meanwhile, the company remains on track to implement the Revised Investment Plan at the..." |
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