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 Shares Traded Last Trade
  1.00 0.48% 211.50 597,551 16:35:01
Bid Price Offer Price High Price Low Price Open Price
212.00 213.00 214.00 209.50 209.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 139.80 91.50 29.30 7.2 862
Last Trade Time Trade Type Trade Size Trade Price Currency
18:01:32 O 374 213.418 GBX

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Date Time Title Posts
18/5/202216:50Net Asset Value 732p495
27/8/200912:48CLS Holdings trading @ 36% discount to asset value34
18/9/200816:23CLS Holdings: ANY DAY NOW60
26/1/200200:56Undiscovered Gem4
02/11/200113:28CLS Holdings2

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Cls Daily Update: Cls Holdings Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker CLI. The last closing price for Cls was 210.50p.
Cls Holdings Plc has a 4 week average price of 207.50p and a 12 week average price of 192p.
The 1 year high share price is 266.50p while the 1 year low share price is currently 180.20p.
There are currently 407,395,760 shares in issue and the average daily traded volume is 1,116,109 shares. The market capitalisation of Cls Holdings Plc is £861,642,032.40.
skyship: CLI back up to 221p. A very welcome move; yet the NAV discount still 36.9% to Dec'21 EPRA NAV of 350.5p.
skyship: Great news for CLI holders - terms of a tender will be announced in August:
strathroyal: My biggest holding at the moment having put most of my MCKS sale/profits here. I was quite intrigued to see a reasonable number of dissenting shareholders voting against re-electing four of the directors at this year's AGM and the negative votes were at a higher level than last year. Even at NAV of 326p, the discount is 37%, which should go someway to underpinning the share price.
essentialinvestor: 2 UK assets marked for sale as granted permission for residential developments. More of that to come?. Nick. most things have a price?. Question is does the NAV discount allow for this, although I can't answer that, can say it now appears to discount a lot of bad news.
steve3sandal: Well, I missed the recent bottom but was windy about the new variant and potential impact on office life. I just took a c1% of my portfolio position at 217.7p. Can't complain as I nearly paid 20p more last April when the relative CLI cheapness was flagged by Skyship. 35% discount, next generation majority shareholder, partial REIT conversion should juice the dividend, lots of management levers seem to be connected to improving returns. Tick, tick, tick.I did hold and sold c20 years ago and I recall there was a 10 for 1 or similar so I'll be sure to hodl this time.
hindsight: Maybe of interest, market clearly thinks otherwise More value in CLS shares, says Liberum Shares in CLS Holdings (CLI) do not reflect the value embedded in the commercial property investment company, says Liberum. Analyst Chris Spearing retained his ‘buy’ recommendation and target price of 290p on the stock, which closed up 1.3% at 223p on Tuesday. He said a capital market’s day last week outlined management’s strategy to become the ‘leading office space specialist’. ‘A key takeaway was the visibility of a more than 25% rental uplift in the medium term,’ said Spearing. ‘This will come through letting up vacancy, reversion and refurbishment developments.’ A decision to change the company into a real estate investment trust, which is expected before the end of the year, could also add 0.5% to 1% to the yield. ‘The shares stand at a 28% discount to EPRA net disposal value, which in our view does not reflect the embedded value and earnings upside from improving market conditions over the next year,’ said Spearing.
essentialinvestor: Bought a small amount, would hope the current discount to NAV and exposure to a strong German office market offers some margin of safety. Perhaps uncertainty over the office as a workspace going forward has weighed on the price?, however CLI has significant exposure to government agencies and departments. The National Crime Agency in the UK is not going to work from home, from memory they are one of CLI's UK tenants. Luck to holders.
cwa1: Careful SKY, you may get a phone call from your broker about breach of market etiquette(BOME)! I did a similar thing and got a right ticking off from my broker. They'd had received a complaint from the market maker they told me. My broker explained it "wasn't the done thing" not to show your full hand at the outset and was a BOME to do it that way. Also, I must never do it again on pain of death! I explained that I wasn't really TOO worried about bothering market makers as I'd been doing it most of life so far...but they said it DID bother them(my broker), as they needed the MM as a counterparty and had to follow their rules whether I liked it or not. They cancelled 3 out of my 4 trades, unfortunately. I should add the share price had gone UP significantly since my trades. I asked what would happen if I did the same and the share price had gone down...he was strangely reticent to assure me that the MM would STILL want to cancel my trades under those circs :-(
skyship: Posted this on the Commercial Property thread (CP+) yesterday: ============================================================= CLS Holdings (CLI) – the next to look anomalously cheap Having banked turns in RGL & AIRE, I was casting my eyes over the 18 REIT/Propcos in my constantly updating spreadsheet. What a difference a few months has made, with NAV discounts shrinking back from the many in the 35% range to now at an average of just over 21% - I exclude CREI, LXI & WHR in that calculation as they are all secure yield plays trading at a premium. After a long deliberation I have reinvested the sale proceeds into the only one still looking cheap, other than SREI of course........CLS Holdings (CLI). CLI is a rather different player in that its portfolio is almost wholly Office (92%) and the geographical split was last declared as: GB 52%; DE 34%; FR 14%. However after recent acquisitions, predominantly in Germany, I estimate the mix now to be: GB 49%; DE 39%; FR 12%. Currently it has not converted to REIT status; though they recently stated in the Q&A session after the post-Finals presentation (see link below), that that might change if corporation taxes were to rise – a subject of much global political discussion at the moment. CLI @ 235p are still on a 31.9% discount; though an aggravatingly low yield of just 3.2%. Full REIT status would obviously be beneficial for income seekers as the last annual dividend of 7.55p would need to rise to 11.0p to comply with the REIT regs. EPRA EPS was 12.2p. I would strongly advise watching the Presentation as there is a wealth of good information in there. So much so that you will surely wonder, with discounts tumbling across the board, just why are CLI still available on a 31.9% discount. # Rent collection at 99%. # Well diversified tenant base, with c50% Government or large corporations # Low average rents at under £19/sq ft # ERVs 11% above contracted rents # Debt cost 2.28% Etcetcetc All of us on the REIT thread will be enjoying good profits; but many may have missed CLI. I strongly recommend you take a look… (Obvious disclosure – I hold from 230p; and added today) Incidentally, a PS: After the sad death last December of CLI’s founder, IMO there is also the likelihood of corporate action later this year as the family trust trustees have to decide on the future of their 51.5% stake. They will need to maximise value; but more important, they will surely need to diversify the Trust’s assets. A sale to Private Equity may be the future.
acol: 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.
Cls share price data is direct from the London Stock Exchange
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