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| 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
|
|
|---|---|---|---|---|---|
| -0.70 | -1.12% | 61.90 | 27,780 | 09:34:44 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 61.10 | 62.00 | 63.00 | 61.90 | 63.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 151.9M | -93.6M | -0.2351 | -2.63 | 249.22M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:20:44 | O | 298 | 61.73 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/5/2025 | 16:35 | UK RNS | CLS Holdings PLC Result of AGM |
| 13/5/2025 | 16:03 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 14/4/2025 | 16:21 | UK RNS | CLS Holdings PLC Publication of 2024 Annual Report & Notice of AGM |
| 11/4/2025 | 16:09 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 08/4/2025 | 15:43 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 03/4/2025 | 16:48 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 01/4/2025 | 12:27 | ALNC |  EARNINGS: Pinewood lifts outlook; CLS cuts dividend, eyes recovery |
| 01/4/2025 | 07:00 | UK RNS | CLS Holdings PLC Annual Financial Report |
| 27/3/2025 | 10:55 | ALNC | CLS to sell "very successful" student development for GBP101 million |
| 27/3/2025 | 07:00 | UK RNS | CLS Holdings PLC Sale of Spring Mews Student |
Cls (CLI) Share Charts1 Year Cls Chart |
|
1 Month Cls Chart |
Intraday Cls Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/5/2025 | 14:29 | CLS Holdings – Massive NAV Discount coupled with a very high Yield | 662 |
| 07/8/2024 | 16:17 | Net Asset Value 732p | 795 |
| 27/8/2009 | 12:48 | CLS Holdings trading @ 36% discount to asset value | 34 |
| 18/9/2008 | 16:23 | CLS Holdings: ANY DAY NOW | 60 |
| 26/1/2002 | 00:56 | Undiscovered Gem | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:20:45 | 61.73 | 298 | 183.96 | O |
| 07:30:21 | 62.00 | 2 | 1.24 | O |
| 07:27:18 | 61.50 | 381 | 234.32 | O |
| 07:16:07 | 61.94 | 20,000 | 12,387.00 | O |
| 07:16:00 | 61.90 | 2,367 | 1,465.17 | AT |
| Top Posts |
|---|
Posted at 23/5/2025 09:20 by Cls Daily Update 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 62.60p.Cls currently has 398,110,742 shares in issue. The market capitalisation of Cls is £246,430,549. Cls has a price to earnings ratio (PE ratio) of -2.63. This morning CLI shares opened at 63p |
Posted at 22/5/2025 14:29 by sleepy They are investors in office property which has been a tough place to be in recent years. The share price has fallen dramatically. However, based on year end balance sheet values, the NAV seems to be down c 40% from c 3.27 at end 21 to 1.97 at end 24. |
Posted at 19/5/2025 17:54 by sleepy “The Board notes the independent shareholder vote outcome in respect of the re-election of the Chairman, Lennart Sten. The Board believes thatduring a period of economic uncertainty providing continuity is essential and therefore Lennart would remain in post beyond nine years, subject to an annual review. That review was conducted in November 2024 and concluded that in light of his other roles outside of the Group, time commitment, valued leadership and extensive property experience it was in the best interests of the Company and its shareholders that Lennart continue to serve as Chair during this challenging period of the property cycle. Lennart continues to have the full support of the Board and the majority shareholder. Notwithstanding the above, the Board will initiate a succession plan for the Chair, noting that there will need to be an orderly transition” I have a view that a new Chair well respected in the City would be helpful to the share price |
Posted at 02/4/2025 08:56 by sigmund freud could someone please start a new thread with a new header please?i interpret the head of the current thread as very enticing and it can suck people in. when the reality is that as i predicted, the dividend has been reduced. which reduced both the yield and the capital through the fall in share price remember someone was promising you a "massive" 11% yield? can you be sure of who they are and what their intent was? can you truly believe anything posted on a BB by posters? there was a post on another company thread telling you to sell out of something else and get into cli just before the results. that should make you very cautious. and just to confirm, i am not part of any wider shorting group, do not hold any positions in cli, i was simply concerned about PI's potentially losing money due to the thread header and no one apparently challenging this. this is my last post on this company unless i see other things written that i want to bring to people's attention. |
Posted at 21/3/2025 09:08 by sigmund freud some people seem to think that non-recourse loans make the company safer.understandable, that stops one turkey of an investment bringing down an entire company. but cli's structure has got way too complicated. even with some sales, there must be 120 or so subsidiary companies which have loans to 20 different lenders or so so no lender is quite aware of what their own position is in relation to CLI topping up their loan from the family trust. let's say that trust holds £100m. that's less than £1m per subsidiary company. from a lender's perspective, non-recourse loans are more risky to them than to CLI. so those types of loans will have stricter covenants. the banks will have to act more quickly to call time on their loans if they are getting under water. this is why the LTV going above 50% for the whole company is such a problem. there are clearly going to be subsidiary companies who are well underwater and their lenders will be getting twitchy. which lender blinks first? there might be a rush for the exit. CLI needs to cut its dividend. but it can't do that without potentially breaking its UK REIT status, which might have unforeseen consequences. an awkward place to be. FX has gone against them, not a lot, but every % counts at this level. they have told all their lenders that spring mews was going to be sold in december. then in early march. let's face it, someone only needs to break wind at head office for them to issue an rns. i suspect the sale has still not gone through. PI's with small holdings need to get out before the report is published, it is far too risky to hold. lots of CLI will be held by institutional holders who can't sell quickly in case that sale collapses the share price bad news might trigger a slow motion train crash and a continuation of a terribly long-running downtrend. put your money somewhere safer and sleep soundly for the next week or so |
Posted at 19/3/2025 17:54 by giltedge1 Better off imo in Land, grade A buildings in West end fully let 7% yield & large discount, low LTV. Have proven properties very marketable, why take the risk. Sure CLI may bounce or alternatively crash. If div cut will not be good for share price |
Posted at 18/2/2025 15:19 by sigmund freud back here to post more doom i'm afraidthis chart knows more than you know, the down pressure is extreme, be careful. i do hope people took my advice to sell into any strength chart- barely got above the 20dma then fallen again, at all time low on this ticker today bigger volume on falling prices OBV still downsloping, more sells than buys, no sign of a trend reversal for people hoping for an increase in valuations, do not hold out too much hope. segro reported recently (who have properties that someone might want to hold), and their valuation was flat. no hope in sight for offices yet. compare share price returns v other reits since the recent lows from 1/1/25: crei-0.78% gpe 0.35% rgl 1.9% php 2.25% whr 6.8% supr 4.99% whr 6.8% bbox 11.8% cli -7.1% cli is sticking out like a sore thumb, something is different and something is wrong. do not get fooled by yield and nav. still no mention of vauxhall sale. if it isn't mentioned in the update next week, you have a problem if any cut in the dividend, that is a red flag. the dividend is covered by rents not profits. it would show they are in mitigation to avoid the company going into liquidation. it would likely need a re-financing with catastrophic effect on share price you only have to look at what re-fi's did to rgl and gpe, but they are looking more stable than cli now. the LTV is key, and it was way too high and not coming down, they are just hoping it will, until there is evidence to the contrary. imho, cli is a company that likes building shiny new buildings. all well and good when the market is going up and they think they are being clever leveraging. but they took their eye off the finances. if the LTV goes over 50%, forget this being a property company. it would be a finance story instead, and not a good one. you need to be brave and foolhardy, with deep pockets, to hold before the update. sell and buy back in when there is a definite bottom. apologies all, not shorting, just saying what i am seeing, which helps avoid bias |
Posted at 07/2/2025 09:38 by nickrl @Farrugia certainly improves things but 5yr swap rates are siting 2-3 times higher than they were and CLI has borne the brunt of that over last few years as they've had refi loans at very low rates a lot higher pushing up the interest charges. That said they were never over paying out on the divi and it was extremely well covered so never had to take a haircut unlike others. As long as occupancy levels hold up, and there is an if in that, they can square away this years refi load and still just about cover the divi. That ought to e more than enough to support the share price and move it up but can't see 100p anytime soon as offices are not yet out of the woods as we now have AI threat compounding WFH. |
Posted at 28/1/2025 16:43 by sigmund freud my apologies for coming back to this. i am not wanting to cause misery.personally i think there was a very large, well-proportioned head & shoulders above this fall. made over many years, increasing its power. the saying is that if the H&S loses its head (decapitation), then the body loses the same amount. i think the top of the head to the neckline was about 320p to 160p. so 160p less 160p is precisely nothing left. capitulation in action. i am not saying it will get to zero, but there is a lot of downward pressure. lots of people on advfn poo poo charts. but if there is a pattern there, don't be tempted to fight it. only fight it if the pattern is broken. and so far, it isn't. as far as i read (i am happy to be corrected) the last full year report spoke of the need to reduce the LTV. then it was 48.5%. the trading update in november said that the LTV had fallen to 49.6%. that sounds like LTV went up even though they sold properties. it is all there in black and white if you look. are you sure you can believe them when they say they are hoping that future sales will reduce LTV to 44.6%? there was a loss of £249M yet they say the dividend was covered 1.3x, what with? the higher the LTV gets, the more this acts like a financing company and the less like a property company, hence me asking the finance questions. and if you are PI, i have no problems you looking for high yield with things looking like they are at a discount. but a reit is not the same as an IT. most ITs are formed of shares which can be sold quickly at a market price and the funds distributed to shareholders via an mvl. svm emerging uk announced a vote on an mvl recently, with a nice spike of around 20%, which should go through quite quickly. that is really what you want from a discounted IT, nice quick profit which is aching to be realised. reits, if you get to that point of liquidating assets, have to sell buildings. that can take a lot of time, and the sale price does not necessarily equate to the valuation price. it is more related to the income that can be got from letting it out. and that is not a rosy place atm. personal experience with asli, is that they had very attractive assets which did take a surprisingly long time to sell. the share price could languish at low levels for a very long time whilst admin costs build up, if a break up is what you are holding for. opportunity costs etc. if i had money in CLI, i would accept the loss but transfer the cash into a different reit. many have also fallen a lot recently, so actually if you transfer you are not losing anywhere near as much as you think you are. but you might sleep easier at night. reits should be boring a bit like bonds. this one does not get a high rating from me. i would leave it to the big corporations. there was a nice bump up late in the day today, look to sell into any short term recovery. |
Posted at 24/1/2025 11:34 by sigmund freud but if LTV is going up when they are selling properties, they are struggling to cover their debt financing. LTV will get closer to 100% the more properties they sell. hoping for a distribution at the end is akin to hoping that LTV does not exceed 100% at the end. they are essentially in the market trying to get out. in this commercial office market, you want to be a tenant and not the landlord.as the properties get sold, fixed costs as a % go up and any reduction in interest rates might be cancelled out by higher rates due LTV. the easiest assets to sell are likely to be the stronger ones. they won't have sold the rubbish ones, no one will buy at a price they want. valuations are likely based on completed sales that the valuer knows about which are based on predicted income from tenable buildings. in the current environment with office buildings that may be hopeful. a signficant amount of tenancies are to government depts, but there is no sign of a return to the office there. upcoming uk budget cuts mean more and more of governemnt tenancies will end. same probably true in germany. the sub-company structure is designed to prevent one lousy asset bring down a whole company. the safety of that disappears if many of the sub-companies are in the same position. some reits will thrive at the end of this period, but they will be the ones with the assets everyone wants. many of CLI's types of buildings are being converted to student lets in city centres. but the individual company nature means that none of them will be able to raise the cash to refurb on top of an empty tenancy. and if you are a student landlord, you buy at firesale prices (or should do). don't look at this as you would at VOD halfing their dividend. in VOD's situation, you hope it will allow the share price to grow for a capital return. if CLI halves their dividend, it is a financial red flag and that you might not have a company to give you dividends in future. imho |
Posted at 30/7/2024 16:14 by skyship More sales than buys, yet we make progress to 93p. CLI share price movements always rather bizarre! |
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