Cls Share Discussion Threads

[pillion] 20/8/2009 17:55

Any chance of the dividend being restored ?

[deltrotter] 20/8/2009 17:50

looking at the results from last August they had 55% public / non-private sector tenants, so I am guessing rental incomes will be reasonably stable. Also a lot of the rents are for long term agreements.

Plenty more to come with CLI I reckon. AIMHO

[cockneyrebel] 20/8/2009 17:40

CLI results next week I believe.

The Chairman bought nearly 500K @ £3 a piece in June.

CR

[pillion] 20/8/2009 17:36

Considering investing in property shares

CLI or LAND ?

[liam1om] 20/8/2009 15:12

Yes thanks much better :-)

[deltrotter] 20/8/2009 14:39

Thanks for the new thread with charts Cambium.

Cheers

Del

[cambium] 20/8/2009 13:37

good spread of properties, with only a handful empty

[cambium] 20/8/2009 12:56

www.clsholdings.com

CLI still looking good value, NAV up 10% in past 6 months to 603p partly on revaluations, but still good going in the present climate.

Some comments in company reports today,

Development Securities DSC

NAV down 11.1% in 6 months to 30th June

Have been buying again in recent weeks

Cautiously optimistic that the market is now close to its low point

'Some GBP27.0m has been spent on four acquisitions since the fund raising including the purchase of a bank loan believed to be the first such acquisition in this part of the cycle
Interim dividend maintained at 2.4p (30th June 2008: 2.4p)
In recent weeks, we have secured a number of new properties for our portfolio.'

'The investment property market decline has decelerated recently and we await to
see the impact on valuations caused by further likely rental declines and
increasing voids. We are cautiously optimistic that the market is now close to
its low point although we are guarded against a possible further downward shift
should sentiment still worsen with regard to the general economic climate in the United Kingdom'

And from CLS Holdings CLI

NAV is UP 10% from 548p to 603p in 6 months to 30th June

'but with tentative signs of stabilisation in areas of the market, we expect that opportunities will become more widespread in the first half of 2010'

Adjusted Net Asset Value per share* 719.2 pence, up 11.1 per cent from 647.2 pence at 31 December 2008 (Statutory NAV per share 603.2 pence, up 10.0 per cent from 548.4 pence at 31 December 2008).

We are pleased to report that our adjusted net asset value per share has risen
by 11.1 per cent to 719.2 pence per share, against the backdrop of a continuing
depressed property market. This is partly a reflection of some of our
properties being re-valued upwards in the UK, particularly those with long
government leases.

Real estate investment markets remain suppressed, but encouragingly they are
most active in the smaller lot sizes under GBP35 million or EUR40 million, where
funding is becoming more readily available; this is the market which has always
been important for CLS, and within which most of our properties by number
reside. We have yet to see the introduction to the market of distress or
fire-sale assets, but with tentative signs of stabilisation in areas of the
market, we expect that opportunities will become more widespread in the first
half of 2010.

[liam1om] 20/8/2009 12:51

Expecting a sharp rise here soon. Good news today and as pointed out the Directors seem to be buying heavily.

[cockneyrebel] 20/8/2009 11:46

Market still sleeping on a lot of real estate stocks imo Simon. a few tyears ago you couldn't read all the posts on here, now everyones is shunning it (except the chairman it seems.)

Selling property significantly above balance sheet value they say today, when did you last hear that from a property co.

Recokon a lot of real estate co's will be valuing NAV higher over the next year.

CR

[simon gordon] 20/8/2009 11:39

CR,

Quality outfit this one. Should see four quid quickly now that you've given it the midas touch:

[cockneyrebel] 20/8/2009 11:03

Well this thread is dead for a year bar one post - great sign :-)

Did you see today that they are selling property well above Dec valuation today?

The Boss has been buying shedloads and the most recent NAV after what looks like a huge kitchen sink write down assets done.

From March results:

Pro-forma Adjusted Net Asset Value per share* after tender-offer completed
in January 2009 732.1 pence, down by 4.2 per cent from 764.2 pence at 31
December 2007 (Statutory NAV per share 605.0 pence, up 1.7 per cent from
595.1 pence at 31 December 2007). The number of shares in issue at 24 March
2009 is 48,024,256.


trading at around half NAV and assets selling for more than what they are on the b/s at?

Looks like this might see the value hunters chasing it when they wake up to it perhaps.

Chairman, Sten Mortstedt, seems to be buying shedeloads.

CR

[blackbear] 25/3/2009 08:42

And some....

[speed camera] 18/9/2008 16:23

Looks like some extended accumulation has been occurring with this one in a dull sector.

[hybrasil] 08/7/2008 10:50

Hi skyship
Still in these?

[skyship] 16/4/2008 15:20

CLI has now closed the underperformance gap I highlighted earlier. Could be that they will prove to be the first bid target; however I now prefer HMSO.


free stock charts from www.advfn.com

[skyship] 17/3/2008 15:37

Finals on Friday 28th March.

[skyship] 11/3/2008 17:50

CLI has been relatively strong for the past few days - closing today up another 12p @ 358p after touching 365p. Perhaps those imminent Finals are going to be better than feared.

[skyship] 26/2/2008 15:18

MAY up 20% on an approach today - perhaps the first of many and will surely attract more interest to the property sector:

[skyship] 26/2/2008 14:03

The Finals for the y/e 31st Dec'07 are due soon - 8th March last year.

[skyship] 25/2/2008 09:20

CLI relatively too cheap - added today.

[skyship] 11/1/2008 15:20

Looks as though the absurdly named SEGRO & our own CLI are the two duff performers over the past 5yrs - at least relatively speaking! Though a closer look reveals that that underperformance has really only come about over recent months.

Perhaps suggests CLI could outperform on the upside when we see a sector rally - especially as we are no longer pressured by The Shard.


free stock charts from www.advfn.com

[skyship] 10/1/2008 16:09

Well that's a coincidence - we've sold out of "The Shard" today at a loss of only £25m. Not a bad result really. Perhaps I should be topping up already, even though 10p higher!

[skyship] 10/1/2008 11:31

Time to be back into these I reckon; so a titchy exploratory purchase @ 294p whilst I investigate further.

Back of envelope stuff would be 15% off the gross assets of £1.2bn (-£180m) + 100% off "The Shard" (-£60m), ie a £240mn hit. That reduces the NAV to c.500p, so a buy @ 300p = a 40% discount - the same level as it used to be when I last held this stock back in 2002!

With the plummeting £ versus the Euro, I like the benefit acccruing from the investments in Euroland. So adds to the overall attraction; though would prefer to be buying at a 50% NAV discount, ie 250p - that would be seriously distressed territory. May not happen if the SWFs start mopping up the UK property companies - see the RNS from BLND today....