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CLI Cls Holdings Plc

93.40
1.80 (1.97%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cls Holdings Plc LSE:CLI London Ordinary Share GB00BF044593 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.80 1.97% 93.40 91.40 91.60 91.60 89.40 89.40 1,562,027 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 148.7M -249.8M -0.6286 -1.46 364.03M
Cls Holdings Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker CLI. The last closing price for Cls was 91.60p. Over the last year, Cls shares have traded in a share price range of 80.00p to 148.20p.

Cls currently has 397,410,268 shares in issue. The market capitalisation of Cls is £364.03 million. Cls has a price to earnings ratio (PE ratio) of -1.46.

Cls Share Discussion Threads

Showing 801 to 823 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
09/8/2023
15:45
CLI gets a lot of comment usually - until results day? Is everyone on holiday?

@shieldbug - the problem would seem to be that valuation falls = LTV rising, so disposals become a must. Everyone's making them/looking to make them, but frankly I'm surprised there's still so many buyers.

spectoacc
09/8/2023
12:34
"Our weighted average cost of debt increased to 3.32% (31 December 2022 2.69%) principally as a result of an increase in the UK base rate impacting UK floating rate debt and refinancings completed during the year at a higher all-in cost. Only one loan for £24.7 million remains to be refinanced in 2023."
shieldbug
09/8/2023
10:45
"We will use the disposal proceeds to reduce the Group's loan to value and continue investing to improve the quality of the portfolio."

Loan-to-value at 45.1%

shieldbug
01/8/2023
14:44
Results 8 days away.
boozey
27/7/2023
19:42
Tender offer might enrich some shareholders but does nothing to improve the company.
shieldbug
03/7/2023
20:40
Returning to the subject of buybacks and following Anna Seeley's latest purchase, I roughly calculate that she sold 5.2M shares in the tender offer and raised £13.1M. Her share purchases since then have totalled 8.91M and cost £12M, and her stake in CLS is up the best part of 2% (held via CVI). I think that's two of us in favour of another tender!!
strathroyal
28/6/2023
11:10
In any case it is good to see that they have sold Westminster Tower. I have been keeping an eye on it for a while and it looks to have had a number of empty floors. Albert Embankment has rapidly transitioned from commercial to residential.
shieldbug
27/6/2023
17:53
@shieldbug they will get refinancing but at considerably increased rates as they have some of the lowest debt in the sector particularly for the European assets. So free cash is going to be eroded but fortunately they have one of the better dividend coverage levels so can absorb it for several quarters.
nickrl
27/6/2023
12:57
The Tender Offer directly increased LTV at a time of increasing interest rates. It was a bad allocation of capital. The reason the share price is so low is that there is a strong market narrative against office plus the company is seen as vulnerable to problems refinancing. It doesn't matter if it is true or not about the refinancing. It is unnecessary risk.
shieldbug
27/6/2023
11:25
Last year's 1-40 tender cost CLS £25.5M. Today's reported property sales have raised
£49M and the latest accounts for those properties show loans of £20.2M so I'm still optimistic.

strathroyal
23/6/2023
21:58
shieldbug - why a fiasco? The directors sold pro rata in the tender and have since bought back generally in the £1.30s, indeed the majority shareholder has increased their stake overall. The drop in the share price is due more to CLS continuing to buy property, particularly in Germany, which has led to an increase in the LTV.

However no one appears to know which properties have been sold from the UK portfolio this year (apart from Maidenhead) so we don't know if they've addressed the borrowing position at all.

strathroyal
23/6/2023
17:24
You do wonder where it would be without the vast family buys - isn't the only one in that position, some also with buy backs.

Incidentally I rate director buying, but they're sometimes the most blind to circumstance. HMV in the old days, BOOM more recently. Director bought on every dip, profit-warned to be 90% off highs this morning.

spectoacc
23/6/2023
17:16
family buys another 1M although timed it badly at 1.34 yesterday as it makes a 10yr low
nickrl
21/6/2023
12:13
I should remind people that when they announced the tender offer on 10th August the share price was 213p. The share price tanked in the following 6 weeks to 133p.

Why on earth would they announce another tender offer after that fiasco?

shieldbug
19/6/2023
10:44
Their sales are just tinkering around the edges.

I suppose the problem is what are the true valuations of large office tower blocks. Certainly not many buyers around for those!

Still, you would have thought a 60% NAV discount would allow for most circumstances.

skyship
19/6/2023
10:04
Should only consider a tender if sell some assets
hindsight
19/6/2023
10:01
EI - Largely depends on the value of the properties that have been sold. The other 3 properties seem to be around central/south London.
strathroyal
18/6/2023
15:31
Given LTV another tender offer might be unwise, although get the logic with the
current share price

essentialinvestor
16/6/2023
19:32
These do look something of a bargain and there must be a decent chance of another tender offer. From what I can see they have sold 4 of their UK properties this financial year although I have not been able to identify all, has anyone here been keeping watch?

Here is the latest sale:

hxxps://www.hanovergreen.co.uk/cls-holdings-sells-st-cloud-gate-in-maidenhead-to-private-investor

strathroyal
16/6/2023
10:50
Who is selling at this lowly price to give them this amount of stock?

For me all this buying underpins the price of recent times.

boozey
15/6/2023
22:17
and again another hefty family buy
nickrl
14/6/2023
22:09
@m_kerr CLS have never paid out that much of their FFO although now they are a reit presumably the payout will now improve.
nickrl
14/6/2023
16:27
agree. £43m of FFO, so they could be paying out 8% on this share price. if they were doing what many other reits are doing and over distributing, the share price would likely be higher.
m_kerr
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

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