Caledonian Share Discussion Threads

[spob] 28/10/2024 12:59

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The red flag here was the economics lectures in every annual report (irrelevant for a very small cap company)


They were an indication of his state of mind.

Totally unhinged.

[spob] 28/10/2024 12:17

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Forced Selling price today, a measly 50p, versus an asset value of up to 300p per share

Nice one Dougl-ASS


The last three letters of your name are appropriate.

[cjohn] 28/10/2024 09:34

Those who ARE buying this morning at around 90p will be insiders, picking up shares from forced minority shareholder sellers who held the shares in their ISA. Disgraceful behaviour.

[cjohn] 28/10/2024 09:07

I've decided not to sell my tiny holding here which I picked up at just below 100p.

My bet is that there will be a significant dividend paid out when St Margaret's is finally sold. The company has paid special dividends in the past.

The spread is counterproductive to MMs as it's putting off potential buyers like myself. I'd pick up more if the market was liquid.

[spob] 25/10/2024 17:34

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Minority shareholders are now being forced to sell at a price which bares no reflection whatsoever to the value of the company. This injustice is exaggerated by the huge spread between the offer and sell price quoted in this stock.


CNN spread today

Selling price 70p
Buying price 120p



NAV per share at the last balance sheet date - 31 December 2023 was 199.9p ( TRUE NAV being much higher due to the unrecorded actual value of properties held which is not recorded in the accounts. )

Minority shareholders are now being forced to sell up to 300p of True Net asset value per share, at a selling price today of just 70p.

Most small shareholders hold their CNN shares in ISA's. The removal of CNN's stock market listing now makes these small shareholders forced sellers. They have no choice.


It is clear that the two majority shareholders with 85% of Caledonian Trust, couldn’t care less about small shareholders who have held CNN for many years.

Douglass Lowe - Chairman and Chief Executive - shareholding 79%
Michael J Baynham - Executive Director - shareholding 6%


If Douglass Lowe had a single ounce of moral decency, he would make a cash offer to buy out the minority shareholders at a fair price reflecting the TRUE Net Asset Value of Caledonian Trust.


I wonder if Douglas Lowe (87yo), has completely lost his marbles.

Clearly he has lost all sense of moral decency.


Karma has a way of coming back to people like this.

[cjohn] 25/10/2024 16:30

Minority shareholders shafted.

Luckily I could only get hold of a negigible amount here.

[spob] 20/12/2023 18:07

The annual economics lecture was released today

[ntv] 20/7/2022 10:39

Still no news on St Maraget's

[ntv] 23/4/2022 20:26

Presuming St margarets has been sold as not on Montagu Evans website

[ntv] 22/12/2021 17:33

Sounds like there is a lot of interest in St Margarets again
Hopefully it will achieve a price north of the £15m it was previously supposed to have been sold for
Maybe they will be able to get a non refundable deposit this time

[ntv] 16/12/2021 11:07

Cjohn
I think spob was referring to a post that was removed by ADVFN
Have you got a position here. I recently bought after reading about a shortage of student accommodation and rising rents etc and a hope that St Margaret's would be rresold pretty soon thus realising a substantial amount of cash

[cjohn] 02/12/2021 18:11

Cryptic remark?

[spob] 09/11/2021 21:37

nothing wrong with shorting

[spob] 23/12/2020 08:16

For an economics and virology lecture, go here ...

[alaneagle] 14/10/2020 16:03

They just don't like selling anything do they..................but if they don't they won't have any firepower when the property bubble bursts. I agree that it looks as if Drum are giving them the run around. Mr lowe missed a trick and should have sold the company to Drum for £4.00.

[profdoc] 01/10/2020 10:06

A bit more dynamism in the managerial ranks would be welcome. Unfortunately, the two current leaders just can't seem to push things through - nice people though they are.

[spob] 30/9/2020 12:15

Have they sold any properties yet ?


before all the directors have passed away that is

Lol

[profdoc] 31/3/2020 14:04

It looks like Drum Properties have taken Douglas to be the patsy in the room - all the options are on their side.

[spob] 18/12/2019 07:59

For an economics lecture, go here ...




You may also find the annual results in there somewhere

[spob] 30/8/2018 08:43

Bought some back today 210p offered

just a little for now

will buy more later

[spob] 18/5/2018 17:38

you could be right Alan

i may end up buying something else

good luck to you and others still holding

[alaneagle] 18/5/2018 16:28

Well done spob. I don't know if you'll get back in, though. Current Nav probably circa 320p, not including the "hidden" profit in the portfolio. Todays offer price is a discount of 15% +++.