Cls Share Discussion Threads

[cordwainer] 21/10/2019 12:30

Happy to cash out with a nice 20% gain after 3.5 months, quicker than I expected. Price getting relatively close to NNNAV/ps vs other property plays although probably deserved and div. cover from last results suggests a healthy div increase could occur. Price action looks like new trading range too, say 250 to 275 (?). Won't be holding my breath for below 220 again anyway.

[truffle] 21/10/2019 10:04

I actually meant the Mortstedt Trust which owns about 50/52% of the shares. If they were to reduce by, say, 10/15% then they would still have effective control but there would be greater liquidity in the shares which could attract other investors who see the company as clearly investable but with a somewhat illiquid market in the shares.

[cordwainer] 17/10/2019 16:40

..good call, looking at who's been selling.

[truffle] 18/9/2019 15:22

If the Mortstedt family were to release some of their shares then I imagine the share price would climb rather higher than it is now.

[cordwainer] 18/9/2019 15:10

ok thanks forgot about that. just found my old notes again, they also have about £100m of swedish equity and bonds on the balance sheet (?!), 89% offices, 9% student and hotel, 2% retail.

[truffle] 18/9/2019 14:59

Not aware of Sirius, but possibly because it's investments are all in Germany which generally seems to be a stronger market. CLS on the other hand has approx. a third of it's properties in each of the UK, France and Germany.

[jeff h] 18/9/2019 14:56

CLS has a majority shareholder in the Morstedt family and also has 1/3 of its property assets in the UK...so those factors do not help.

[cordwainer] 18/9/2019 14:29

Can anyone explain to me why Sirius Real Estate (german offices business) is trading at a substantial premium to NAV while CLS holdings is at a substantial discount ?

[jeff h] 02/9/2019 17:51

Today's news not a surprise, recent presentation highlighted CLI looking for 90 million to put into developments that will increase rents by about 9 million hence an earnings enhancing sale of Catena likely to be imminent .

[cwa1] 02/9/2019 17:04

CLS announces that ABG Sundal Collier has been engaged by Endicott Sweden AB, a wholly-owned subsidiary of CLS, to explore the opportunity to sell up to 3,971,349 shares in Catena AB ("Catena") (the "Contemplated Placement"). A sale of 3,971,349 shares would represent CLS's entire shareholding in Catena. The price per share in the Contemplated Placement will be determined through an accelerated bookbuilding process. The process commences today, 2 September 2019 at 16.31 BST/17.31 CEST and may be terminated at any time on short notice. ABG Sundal Collier AB is acting as sole bookrunner in connection with the Contemplated Placement. -ends-

[cordwainer] 15/8/2019 16:27

Not many blues like this on such a red day

[truffle] 14/8/2019 17:52

Liberum Capital and Peel Hunt maintain their respective 300p and 275p target prices here so very happy to maintain a long term hold

[cwa1] 14/8/2019 15:06

14 August 2019 CLS Holdings plc (the "Company") Notification of Transaction of Directors, Persons Discharging Managerial Responsibilities ("PDMR") or Persons Closely Associated The Company announces that it was notified today that Andrew Kirkman, Chief Financial Officer and Director of the Company, purchased 50,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an average price of 226.7 pence per Ordinary Share.

[jeff h] 14/8/2019 14:41

Yes thanks for the invite david but cannot make it either but hope it goes well. The company has put its half year results webcast on its website now. Https://www.clsholdings.com/investors/financial-reports-and-presentations/2019 The value of the Catena stake continues to increase. £11 million now or approx 27p a share. An analyst refers to the Catena holding in the Q&A section of the webcast I refer to above.

[cordwainer] 14/8/2019 13:57

Someone ought to change the title of this thread now. 5% increase in NAV and resilient set of results on first impressions.

[its the oxman] 08/8/2019 10:03

Would love to but can't. Thx for offer. Let's us know how it goes though. Hopeful of further progress here but sector backdrop in UK is difficult.

[davidosh] 07/8/2019 16:07

If any of you would like to attend a lunch in London to see a presentation on the forthcoming results on Monday 19th August then do contact me.

[aa29] 02/8/2019 15:05

^ 13 August

[its the oxman] 02/8/2019 14:36

Results not far off, should reassure.

[truffle] 26/7/2019 08:43

Quite a long article and a positive write up and buy recommendation in today's IC. One of the key points in the article is the discount to NAV reflected in the share price. Which is an alternative way of considering the recent German property sales which have been at a sizeable premium to December 2018 valuations.

[cordwainer] 22/7/2019 12:04

That Dusseldorf sale makes me wonder whether CLS have anything else in residential areas.

[truffle] 22/7/2019 08:15

And even better premiums on the German office sales announced today, as against the December 2018 valuations.

[cordwainer] 17/7/2019 15:41

Nice premium to valuation on the Fulham property. If rental yields and growth rates are mediocre, value-adding successful planning can still propel these shares. I'm in at £2.177875 from 6th. (I like the curious fraction arrived at between the MM and dealer systems).

[jeff h] 01/7/2019 12:12

Catena AB stake now worth £100 million. Valued at £77.5m as at 31/12/18 so a Fair Value gain of about £22m to be included in the Interims. Also about £6m gain on the Paris disposal. So some positives to offset negative perception of the UK property market.