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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 1001 to 1025 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
15/4/2024
13:31
Does anyone have an idea on how much of their office space they could sell to be converted to resi? Presumably when that happens their is normally a lift up in value?
loglorry1
15/4/2024
13:17
Nick, they've owned the tower for yonks.

They added to their New Malden holding around 2010 (from memory) buying another block.

My first job was in New Malden (mid 80's). Office building where I worked converted to resi over a decade back, a low rise 3 floor building.

essentialinvestor
15/4/2024
13:10
@EI there isn't alot at New Malden not a place i would have bought an office!
nickrl
15/4/2024
12:44
They also own assets like the above,
which might be more difficult to dispose of.

Tbf the building vacancy rate is much smaller than I expected.

essentialinvestor
15/4/2024
12:17
You can just imagine how much the penthouses will be!! - £15 million plus.
essentialinvestor
15/4/2024
12:07
The proceeds to be used to reduce debt??
ammons
15/4/2024
11:03
I was watching Westminister Tower all last year and it was quite obviously only partially occupied. Probably costing them a bit in business rates. In any case I believe they kept the deposit from the failed sale last year. Its not great but its done and that is nothing but a good thing.
shieldbug
15/4/2024
09:54
I contacted the company and they said it was partially let. More info here hxxps://monmouthdean.com/properties/westminster-tower-3-albert-embankment-lambeth-se1-7sp

Not cheap office space that's for sure.

loglorry1
15/4/2024
09:50
@loglorry no im not sure meant it to be posed as question to see if others knew should have added "?"
nickrl
15/4/2024
09:02
"No yield mentioned so was it an empty property and thus no rent foregone."

Are you very sure about that?

loglorry1
15/4/2024
08:56
@specto disposed of at the same price though so i'll take that. No yield mentioned so was it an empty property and thus no rent foregone.
nickrl
15/4/2024
07:09
Looks a good disposal, albeit slightly disappointing only inline with December NAV, when it's London, and it's for resi conversion. Perhaps that was already in the valuation.
spectoacc
11/4/2024
22:53
presentation useful but largely a recycle of the annual results but at least the small investors get a look in and can ask questions. CEO rather laboured the Q&A time over why Germany wont be a car crash despite the negative economic outlook.
nickrl
11/4/2024
12:58
Presentation at
meanreverter
10/4/2024
15:04
I don't personally think UK ones are either, but in fairness Ollie Bailey's talking an even more dovish game than JP. And reality has been catching up with the market all year so far.

That first cut - US or UK - will be very interesting.

spectoacc
10/4/2024
14:41
US rates not coming down any time soon. I also bought in here for first time yesterday.
loglorry1
10/4/2024
12:54
Added again, sentiment and interest rates have to change at some point.
its the oxman
05/4/2024
20:20
@sky also an opportunity to put questions to them which is what i like about this platform so good to see another company doing it.
nickrl
05/4/2024
19:57
Added a few today. Hanging in there for the interest rate cuts. Tough going meantime.
its the oxman
05/4/2024
11:20
CLI today announced an InvestorMeet Presentation on 11th April. Board deciding to hit the PR trail to stop the slide; but may require more than that.

A tender would usually be the ticket; however debt levels preclude.

The family should take advantage of the current share price and buy it in - as DJAN did a few years back. A cheeky lowball bid, but still at a 60% premium to the then share price I recall.

skyship
04/4/2024
18:44
My daughters HSBC space they exited ,took up some much smaller and are desperately short of space now, however it’s like turning round a supertanker , taking any sor5 of decisions takes months and months .
holts
03/4/2024
12:55
Talked myself in to it. Taken a few at almost 83p. Hoping that there's enough margin of safety about here to justify it. Against that there's debt, in the risky offices sector and what seems to be a never ending seller. You pays your money...
cwa1
03/4/2024
08:53
Yes SERE does seem a valuation anomaly and they've had no problem refinancing either (their assets are are in France. Germany and NED for those that don't know). Yields are generally lower in France and Germany with a lower cost of borrowing.

France and Germany accounts for approx 55% here.

m_kerr
03/4/2024
08:39
True :) Also, quality offices will always find tenants. And we're not in as bad a position as the US.
spectoacc
03/4/2024
08:33
Specto, of course, you're correct in that respect BUT, for me, the important thing is the tide MAY be starting to turn a little bit. Instead of further disposals there are mild signs that things are, slowly, moving in the opposite direction. So perhaps a bottom may have been found in the offices market. I naturally confess I have my rose tinteds on ;-)

It's certainly better than hearing that Deloitte have dumoed even MORE offices...

cwa1
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

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