We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cls Holdings Plc | CLI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.70 | 0.77% | 91.10 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 88.10 | 88.10 | 91.80 | 91.10 | 90.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/03/2024 | Final | GBP | 0.0535 | 21/03/2024 | 22/03/2024 | 02/05/2024 |
| 09/08/2023 | Interim | GBP | 0.026 | 07/09/2023 | 08/09/2023 | 03/10/2023 |
| 08/03/2023 | Final | GBP | 0.0535 | 23/03/2023 | 24/03/2023 | 02/05/2023 |
| 10/08/2022 | Interim | GBP | 0.026 | 08/09/2022 | 09/09/2022 | 03/10/2022 |
| 16/03/2022 | Final | GBP | 0.0535 | 24/03/2022 | 25/03/2022 | 29/04/2022 |
| 11/08/2021 | Interim | GBP | 0.0235 | 19/08/2021 | 20/08/2021 | 24/09/2021 |
| 10/03/2021 | Final | GBP | 0.052 | 25/03/2021 | 26/03/2021 | 29/04/2021 |
| 12/08/2020 | Interim | GBP | 0.0235 | 20/08/2020 | 21/08/2020 | 25/09/2020 |
| 05/03/2020 | Final | GBP | 0.0505 | 02/04/2020 | 03/04/2020 | 29/04/2020 |
| 14/08/2019 | Interim | GBP | 0.0235 | 22/08/2019 | 23/08/2019 | 27/09/2019 |
| Top Posts |
|---|
Posted at 25/6/2024 08:26 by aishah ‘Buy’ discounted CLS, says LiberumProperty developer CLS Holdings (CLI) is offering ‘deep value’ especially given its latest project in London’s Vauxhall, says Liberum. Analyst Bjorn Zietsman retained his ‘buy’ recommendation and target price of 163p on the developer, which retreated 1.1% to 92.4p yesterday. The group has announced plans to develop Citadel Place in Vauxhall and Zietsman said ‘while it is too early to include any forecasts in our numbers, we expect based on the contents of the announcement, the potential gross development value to amount to several hundred million and anticipate a potential profit on cost of at least 15%’. CLS plans to turn the low-rise office buildings at Citadel Place into ‘a harmonised mixed-used opportunity’. ‘CLS offers deep value with the highest forecast total return to shareholders, currently trading at a 63% discount to our estimates of spot net tangible assets, which is the widest discount of the stocks within our range,’ said Zietsman. |
Posted at 10/6/2024 09:29 by nickrl MIxed bag on sales though as some still below even latest valuation maybe indicates bottom isn't in on offices. That said their strategy is to clear off ones with imminent refinancing largely so the interest bill doesn't keep creeping up and threatening divi cover. |
Posted at 03/5/2024 07:39 by spectoacc CLI divi landed yesterday in HL - wow. Love the lumpy ones. |
Posted at 27/4/2024 18:15 by nickrl @barnes dividend is covered by free cash flow currently. CLS historically weren't a REIT so they retained a much higher level of free cash and as their interest rate burden has increased they've been able to hold the dividend. They do have an increasing vacancy level and further refinancing to contend with that will erode this margin of safety but thats more than in the share price although with its incessant drifting lower i do keep asking myself what am i missing. |
Posted at 24/4/2024 13:53 by skyship Patience has to be the name of the game; and holding CLI provides a 9.6% covered yield whilst we do so. |
Posted at 02/4/2024 20:48 by spectoacc 10% yields not so uncommon tho - eg SEIT, GSF (12%!), GCP (nearly), NESF. That's not counting the winder-uppers, which I'm sure holders will be hoping for 15%+ pa on (eg ADIG, API, GABI, VSL).Think CLI being tarnished by both the US offices implosion (which could have years to run) and the wholly predictable RGL train wreck. CLI is no RGL, but where will the price settle.. |
Posted at 12/3/2024 14:29 by spectoacc It's a view, but it's about CLI's valuation, not the poor outlook. CLI can hang on until interest rates start to fall, and some other office providers have given up the ghost.10p EPS and £2 s/p, maybe not. 10p EPS and 93p s/p, much more interesting. |
Posted at 12/3/2024 14:01 by ammons dated 7 March 2024, sell, FWIW==================== CLS Holdings' office values continue their freefall Investors waiting on a recovery in this property equity's fortunes should invest their time and money elsewhere March 7, 2024 by Mitchell Labiak Vacancy rate climbing Earnings and dividend growth look weak Pretty much any way you look at it, CLS Holdings (CLI) is headed in the wrong direction. The landlord's portfolio of European office assets outside big city centres is nosediving in value even faster than last year as high interest rates and questions around post-Covid working continue. Its net asset value (NAV) has been slashed by 28.5 per cent from its 327p high point in 2021, while its shares have lost well over two-thirds of their value since a high of 311p in late 2019. IFRS earnings per share (EPS) do not cover its flat dividend, but adjusted earnings per share (EPS) stripped of valuation changes does. However, that adjusted EPS fell from 11.6p to 10.3 because its net rental income growth failed to offset rising finance costs from its growing net debt mountain, which is now larger than its equity value. This enormous leverage makes it unique in the UK-listed property sector. Not in a good way. Consensus forecasts are for adjusted EPS to nudge up to 10.6p by 2025 and for the dividend to hit 8.22p, but even this limited growth looks overly bullish. CLS' vacancy rate has climbed to 11 per cent from 7.4 per cent the year before, driven by its empty UK offices, where vacancy climbed from 10 per cent to 15.8 per cent. When there is so much space in your portfolio, it becomes hard to raise rents, something retail landlords know all too well. The discount to NAV might tempt some, but we believe this is a fair reflection of the strong possibility that CLS will need to offload its emptying assets into a depressed market to chip away at its debt. Sell. |
Posted at 16/2/2024 10:20 by wshak Hi Skyship,I'm in for the long haul with CLI. With a lot of these ITs, REITS, property companies, etc, I just want to see what prices look like when interest rates come down in 12 months, and clip divis whilst I wait. I haven't gone mad on CLI but have a chunk that I wouldn't want to lose. Main thing holding me back from investing more seriously is an investment that went badly wrong in Speymill Deutsche back in the day when there was also a ridiculous discount to NAV. Debt was much higher there, however. |
Posted at 23/1/2024 16:29 by skyship CLS Holdings (CLI) – Massive NAV Discount coupled with a very high YieldCLI is a commercial property investment company with a £2.21bn portfolio split between the UK (46%); Germany (42%) and France (12%). It specialises in prime offices in prime locations. It has c718 tenants, including blue-chip organisations and government departments. Exc. Shares held in Treasury, there are 397.4m shares in issue. As at 23rd Jan’24 CLI had a MCap of c£378m @ 95.1p. The family of the founder together hold 60% of the equity, with one family member, Bengt Mortstedt, serving as a Non-Exec director. The quality of their properties can be viewed on their website; and of special interest is this presentation of a newly completed refurbishment in the City, in London: 06/03/24 – Prelims to 31st Dec’23 09/08/23 – Interims to 30th Jun’23 15/11/23 – Q3 Trading Update Co. website: |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
