We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Top Brokers
Investor discussions surrounding Cls Holdings Plc (CLI) have reflected a mix of cautious optimism and skepticism, particularly ahead of the company’s upcoming update. Noteworthy sentiments include the market’s focus on the company's loan-to-value (LTV) ratio, with discussions indicating that potential asset disposals might improve this figure from 49.8% to 44.6%. An investor expressed hope that upcoming developments could signal a positive direction, stating, "This is good news... going in the right direction," highlighting a belief in incremental improvements.
However, the persistent discount to the net asset value (NAV) has fueled skepticism, with one investor suggesting a need for transparency regarding the company's financial maneuvers, commenting, “market obviously thinks this company stinks as demonstrated by the ever expanding discount to NAV.” Another investor raised doubts about the company's viability in the current environment, questioning whether a managed wind-down had ever been discussed. Overall sentiment reveals a mixture of concern about the company’s financial health and cautious optimism rooted in potential asset sales and strategic developments.
Show more
CLS Holdings plc has made notable strides in its operational developments in February 2025, highlighted by two key announcements. First, the company's directors, including CEO Fredrik Widlund and CFO Andrew Kirkman, have acquired new shares under the CLS Share Incentive Plan. Both executives purchased shares at 74.9 pence each, with total acquisitions of 200 and 201 shares respectively, demonstrating their commitment to the company's success as they also received matching shares. This aligns with ongoing efforts to enhance shareholder value and governance transparency.
Additionally, CLS Holdings has secured a seven-month lease extension with the National Crime Agency for its Spring Gardens property in London. This extension is expected to generate an additional £7.0 million in rent for 2026, aligning with CLS’s long-term redevelopment strategy for the site, now referred to as Citadel Place. The planned redevelopment aims to transform the area into a predominantly residential space, promising to contribute to the regeneration efforts in Vauxhall. These developments underscore CLS's proactive approach in managing its property assets and enhancing its financial performance.
Show more
You are right but the discount to NAV is in part justified. Just read the thread above to catch up. |
The June 24 figures show |
Thank you doctor |
All time low. |
looks like another ATL! |
Liberum appear quite keen in their sector forecast out today, based on CLS's ability to borrow in Euros which gives them a cost of capital advantage to support earnings. They are negative on offices, think yields of 6% the new normal for London |
Too late. Taken a few in the 74's. Crazy... |
"There's some index-linking on what's let" |
SLIGHTLY tempted to have a punt on a few on the basis that it's "in the price"...somebody stop me... |
Noted re £40m being half year, thanks. |
Well the flip side of this is that you could argue they make £80m on inflation adjusting rents on a market cap of £300m and they'll have no problem managing their debt. |
But in 5 years your £1bn gilt is still paying 50m. The rent on your offices will have gone up by RPI, and hopefully there would be some appreciation in the underlying assets too. |
Cost of debt has been increasing with every refi although anything Euro denominated may benefit but most of this years requirements are in GBp. Spring Mews is also an income producing asset so whilst we will get the benefit of lower debt it wont be neutral overall. The vacancy rate is also a negative on property operating costs so it all points to me to divi cover being squeezed further but thats in all in the price. |
Yep but remember £40m is the half year number its more like £80m FY on the c2bn or assets. So about 4% return around 50% index linked on the full year numbers on asset value of £2bn. |
From the last half year results it just about wipes it's face on rental income. The 40.8m of operating income minus 22m in interest costs comes out at 4.7p/share for the last six months vs a dividends of 4p. I guess that's the best way to loo |
of course the bears would say the NAV is an illusion because they can't sell properties, other than the odd small one, for anything like the claimed NAV. Time will tell but I guess it will take years to play out. The large family holding is a stabilising factor and I guess one thing they could do, subject to REIT regs (and the cash needs of the family!), is not pay a divi for a few years while events unfold. That would slowly get the borrowings down and calm lenders and potential lenders. |
"So LTV is 54% when typical LTVs in the commercial market range from 60 to 75% (in the good old days you could get 90%!)" |
Well, we've got another c7 weeks to wait for the Prelims statement. 6th March last year. |
Yes absolutely - everything’s fine as long as all their dominoes stay upright |
giltedge1, |
Looks like a value trap, steer clear only for brave. Gross debt too high. |
Does this mean that the student property sale has fallen through? I did notice at the end of last week that their website changed the 'Type' on the Our Properties page to include Education which hadn't been there previously. |
Previous TP was 105. They cited slower than expected disposals. |
Type | Ordinary Share |
Share ISIN | GB00BF044593 |
Sector | Real Estate Agents & Mgrs |
Bid Price | 71.50 |
Offer Price | 71.90 |
Open | 71.50 |
Shares Traded | 184,160 |
Last Trade | 16:35:24 |
Low - High | 71.50 - 72.00 |
Turnover | 148.7M |
Profit | -249.8M |
EPS - Basic | -0.6275 |
PE Ratio | -1.14 |
Market Cap | 283.85M |
Practically, since around last December’s trading cycle, buying impulses have continually dominated activities in the exchanges of Audioboom Group Plc (LSE:BOOM), as the stock market is in a bullish move, tending to a reversal below the resistance of 700. The market is currently trading around the 616 level, with the smaller moving ...
Continue Reading
ETHUSD overall trend remains bearish as the price approaches a diagonal resistance. Ethereum is approaching the descending trendline resistance near $2,950, which has historically rejected bullish attempts. The market has formed a series of lower highs, confirming the ongoing bearish trend structure. If the price fails to break above the ...
Continue Reading
Times have been having it financially that buying forces have prevailed over the thought of sales in the exchanges of Vast Resources Plc (LSE:VAST), given that the current trading outlook records that the price keeps upward momentum, moving in a consolidation manner. In previous sessions, the 0.2 resistance level acted as the primary barr...
Continue Reading
Recently, blockchain analytics firm Arkham Intelligence revealed its discovery of $108 billion worth of Bitcoin held in wallets attributed to Satoshi Nakamoto. Utilizing advanced forensic tools and the well-known Patoshi Pattern, the platform traced these holdings back to the pseudonymous creator’s earliest digital vaults, offering ...
Continue Reading
London open: FTSE steady after retail sales, borrowing data; StanChart surges London stocks were steady in early trade on Friday as investors mulled the latest retail sales and borrowing figures, but Standard Chartered surged after well-received results. At 0825 GMT, the FTSE 100 was flat at 8,664.68 Data released earlier by the...
Continue Reading
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