Cls Share Discussion Threads

[essentialinvestor] 16/11/2020 18:31

I sold a few today, find it a tad difficult to call atm.

Onwards or fall back?.

Problem is CLS can fall incredibly quickly as most will be aware.

[acol] 16/11/2020 16:21

I agree with you that it is difficult to call and especially difficult to read the high volume trades (I don't have level 3 info) that feature from time to time. My natural preference with shares is to buy and hold (in the absence of specific news).

However, this strategy had to change with Covid and I have traded this share 3 times in as many month There has been clearly identifiable trading ranges aside from the late 180's to about 210 ish. Now it has broken above 217 but will it hold. If so then we may get to around the 250 mark.

[sphere25] 16/11/2020 14:10

Testing the top of the range this with the price currently at 222p. Hard to read this one, so lumpy like RM. Watching that earlier and it's run away without me *insert expletive*

Watching here for a breakout. Wider market bullish move could flow through. I'd exit for a small loss if breakout didn't hold on the day. It can fall as quickly as it can rise this - nutty spikes both ways.

Clearly a complete short term trading based view here.

[acol] 16/11/2020 13:50

I repurchased 75% of my original holding in 2 traunches at an average price of about 213p. The deciding factor for me was the announcement of the vaccine, a factor that has had no real impact on its share price.

The main risks for me is whether or not Covid will have a major impact on firms deciding to let staff work from home in the future, post Covid. Even with blue chip clients, such working change could have a major impact on firms specialising in leasing out office space.

With its portfolio spread between several countries I am not sure that a successful Brexit deal will have a huge impact on CLI share price. I agree with the OXMAN that the share price should be closer to 250p.

[essentialinvestor] 16/11/2020 10:50

OX, Brexit trade deal needed for those levels imv.

We zre in a holding pattern atm.

[its the oxman] 16/11/2020 10:15

Surprised this isn't a bit closer to 250p. Suspect a further rise will come.

[essentialinvestor] 23/10/2020 16:57

Still not gone below 1.90.

[essentialinvestor] 20/10/2020 09:05

Yes there are risks, I've highlighted the future of the office debate on other boards.

In terms of CLS, a case of whether this is reflected in the current NAV discount,
or not. Their longer term record is strong, but past performance is not a guide to...etc.

Very much a case of DYOR.

[giant slalom] 20/10/2020 07:37

Almost all the portfolio is offices so it must be high risk.

[essentialinvestor] 16/10/2020 14:39

Under cicra £1.90 looks reasonable risk/reward imv.

[essentialinvestor] 14/10/2020 15:45

Had a small amount before the close.

[dendria] 14/10/2020 08:35

Sub 200p again. Added at 195p.

[its the oxman] 13/10/2020 16:12

Added a few sub 200p

[essentialinvestor] 08/10/2020 12:55

About the best rental collection stats in the entire UK listed sector.

Underlines the high quality across their portfolio.


Very significant discount to NAV which will rapidly close at some point.

[essentialinvestor] 25/9/2020 12:16

I'm all out for now, luck to those holding.

[cordwainer] 08/9/2020 11:19

..and i sold all again at a modest 6% profit including interim divi and costs, but not a bad return in just 2 months. not convinced office demand (both prime and non-prime) is returning to pre-covid levels in general, i just thought the heavy discount to NAV in July was overdone. nice company but i feel uncertain about significant further upside. GLA.

[essentialinvestor] 08/9/2020 10:01

Sold a few.

[essentialinvestor] 03/9/2020 15:08

I got 1.92 recently so it was very close to that.

[its the oxman] 03/9/2020 09:56

Nibbled a few more sub 200p. Wanted more but didn't quite touch 190p. Suspect I will regret that.

[hindsight] 01/9/2020 09:44

EI, thanks. Another that has done well over time is TRY investment trust. At present got 10% discount vs par precovid. Have 63% in EU be that good or bad

[essentialinvestor] 25/8/2020 09:48

Watched the recent results call webcast, very impressed.

No corporate speak, no spin. Just a very clear, calm explanation of their markets

and where they see opportunities going forward.

Their rebt collection stats are unmatched (in the sector) over the past 2 quarters.

[hindsight] 21/8/2020 17:55

Looking to add around 185p, think get another little shake in next couple of months, be it brexit deal cliff edge, covid spike or vacccine delay