Cls Share Discussion Threads

[aa29] 02/8/2019 16:05

^ 13 August

[its the oxman] 02/8/2019 15:36

Results not far off, should reassure.

[truffle] 26/7/2019 09:43

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 13:04

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

[truffle] 22/7/2019 09:15

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

[cordwainer] 17/7/2019 16:41

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 13:12

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.

[its the oxman] 22/6/2019 09:33

200p would be a great top up, will join you if it happens, just not sure it will go that low.

[cordwainer] 21/6/2019 17:57

Given the heavy discounts to NTAV across the sector right now the buy/top-up point is 200p for me.

[its the oxman] 22/5/2019 15:18

220p time to start buying

[its the oxman] 18/4/2019 12:41

Seems to be consolidating between 240-250p hopefully before the next leg up toward c.270p

[its the oxman] 07/3/2019 13:54

Results read pretty well to me, div up and set fair for further steady gains it seems.

[jeff h] 05/3/2019 22:37

Full year results Thursday.

[its the oxman] 05/3/2019 15:51

Upward pressure 255p day high

[its the oxman] 01/3/2019 09:34

Added 234p, good chance of going higher on decent results.

[sammu] 03/2/2019 00:05

Thanks Jeff. I saw Endicott and it vaguely rang a bell.

[jeff h] 02/2/2019 14:51

Sammu - the shares are owned by CLS subsidiary Endicott Sweden AB ie the 3,971,349 holding. See Note 31 on Subsidiaries in the Annual Report.

[sammu] 01/2/2019 21:38

Catena certainly on a run to new highs. Strangely I don't see us on the share register, I doubt CLS would have sold out.
hxxps://catenafastigheter.com/financial/stock-information/ownership-structure/

[truffle] 01/2/2019 15:44

Just checked on Catena which seems to be Swedish property. Overall happy to remain a long term holder here.

Hidden gem.

[its the oxman] 01/2/2019 15:25

Could have some way to go here, European exposure is a nice plus.

[truffle] 01/2/2019 12:54

Not sure what Catena AB is. German property?

[jeff h] 01/2/2019 12:34

Truffle I hold here as well as both Summit and Phoenix Spree though PSDL is purely Berlin residential.

I think there is some "hidden treasure" here with CLI's stake in Catena AB.

It is currently worth approx £82m whereas at 30/6/18 it was more like £59m.

[truffle] 01/2/2019 10:28

And strong German property valuation increases for Phoenix Spree Deutschland announced to-day. The German property market has been very strong during the past 2/3 years which is all good news for CLS.

[truffle] 01/2/2019 10:28

And strong German property valuation increases for Phoenix Spree Deutschland announced to-day. The German property market has been very strong during the past 2/3 years which is all good news for CLS.

[truffle] 28/1/2019 12:04

Summit Germany to-day says its commercial properties in Germany have been independently revalued at end December, giving an approx. increase of 45% over June last year.
It will be interesting to see what CLS says about the value its own German commercial portfolio when the results are announced.
But DYOR