Share Name Share Symbol Market Type Share ISIN Share Description
Caledonian Trust Plc LSE:CNN London Ordinary Share GB0001628584 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 135.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
120.00 150.00 135.00 135.00 135.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.88 2.06 17.47 7.7 16
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 135.00 GBX

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Caledonian Daily Update: Caledonian Trust Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker CNN. The last closing price for Caledonian was 135p.
Caledonian Trust Plc has a 4 week average price of 112.50p and a 12 week average price of 110p.
The 1 year high share price is 205p while the 1 year low share price is currently 110p.
There are currently 11,783,577 shares in issue and the average daily traded volume is 3,730 shares. The market capitalisation of Caledonian Trust Plc is £15,907,828.95.
spob: For an economics lecture, go here ... Https:// You may also find the annual results in there somewhere
alaneagle: 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% +++.
spob: i first bought CNN in January last year at 110p, then doubled up at 90p and then bought more again at 190p
spob: banked profits today (mid price approx 270p) stock hit 290p mid price today - and closed at 255p mid only 19000 shares total volume today and the price swung from 290 to 250 this is the problem with small cap stocks (Mcap currently £30m) not easy to deal in size and a large spread too had to split my order into 3 deals whilst a discount remains, it is not as big as it once was will happily buy again if it falls back from here
spob: Interim results
spob: yes sure patience to be rewarded, lots of hidden value what the company quotes as NAV per share is nowhere near to the actual hidden value due to accounting rules
spob: Http://
profdoc: Hi CJohn, My guess is that they can't get more out of the MM. Sometimes it difficult to buy even 3,000. Another guess: the MM took a risk in agreeing to sell so many at £1.95 because he/she then had to wait for sellers at £1.50 - £1.60 to get the shares in stock. If our enthusiastic buyer wanted say 50,000 the MM might just say no because they don't have that much on their books, and are not confident of getting hold of them - unless. of course, the price went to £2.50 - £3.00
cjohn: Thank you for the detail, PICNIC. I note the sharp increae in the share price this morning. Is there any special reason for that? Or is it just that they're ridiculously under-valued?
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.
Caledonian share price data is direct from the London Stock Exchange
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