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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 70.20 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 70.20 | 70.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 148.7M | -249.8M | -0.6275 | -1.12 | 279.47M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 70.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/3/2025 | 17:02 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 26/2/2025 | 17:53 | UK RNS | CLS Holdings PLC Trading Update Correction |
| 24/2/2025 | 09:47 | ALNC |  CLS Holdings reports higher rent, but vacancies and valuations dip |
| 24/2/2025 | 07:00 | UK RNS | CLS Holdings PLC Trading Update 24 February 2025 |
| 11/2/2025 | 15:13 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 06/2/2025 | 11:00 | ALNC | CLS agrees Spring Gardens lease extension before redevelopment |
| 06/2/2025 | 07:00 | UK RNS | CLS Holdings PLC Updated redevelopment plans for Spring Gardens |
| 14/1/2025 | 17:26 | UK RNS | CLS Holdings PLC Transfer of Treasury Shares to EBT and TVR |
| 10/1/2025 | 16:33 | UK RNS | CLS Holdings PLC Director/PDMR Shareholding |
| 09/1/2025 | 12:08 | ALNC | IN BRIEF: CLS inks 10-year lease with "long-standing customer" |
Cls (CLI) Share Charts1 Year Cls Chart |
|
1 Month Cls Chart |
Intraday Cls Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/3/2025 | 16:35 | CLS Holdings – Massive NAV Discount coupled with a very high Yield | 500 |
| 07/8/2024 | 15:17 | Net Asset Value 732p | 795 |
| 27/8/2009 | 11:48 | CLS Holdings trading @ 36% discount to asset value | 34 |
| 18/9/2008 | 15:23 | CLS Holdings: ANY DAY NOW | 60 |
| 26/1/2002 | 00:56 | Undiscovered Gem | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-03-13 17:14:53 | 70.50 | 100,000 | 70,504.84 | O |
| 2025-03-13 17:00:14 | 70.50 | 100,000 | 70,504.84 | O |
| 2025-03-13 17:00:14 | 70.13 | 70,000 | 49,092.96 | O |
| 2025-03-13 16:38:28 | 71.00 | 523 | 371.33 | O |
| 2025-03-13 16:38:28 | 71.00 | 523 | 371.33 | O |
| Top Posts |
|---|
Posted at 13/3/2025 08:20 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 70.20p.Cls currently has 398,110,742 shares in issue. The market capitalisation of Cls is £279,473,741. Cls has a price to earnings ratio (PE ratio) of -1.12. This morning CLI shares opened at - |
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 14/2/2025 07:48 by netcurtains Having a DAX tracker I know, even though the economy is not great its up 22% in the relatively short time I've had it..This can only happen if the companies in the DAX have share prices going up... A rising tide raises all boats. You have to be in it to win it. |
Posted at 14/2/2025 06:53 by spectoacc I'm with @WShak, the LTV needs mentioning in any post about CLI's financials.Yes, it's not going bust, unlike some who had debts at group level in the GFA. But being non-recourse didn't save several others - HMSO, INTU too I think. Or rather, HMSO never went bust but did fall 90%+. Personally I think that's largely in the price at CLI, but Opportunity Cost - there's better yields and much better gearing at other things like NESF, SEIT etc. |
Posted at 08/2/2025 13:38 by pyufak Trying to add a little more structure to the framework loglorry1 - rightmove shows the cheapest apartments 1 beds in the area from 350k. This is a an ex-council block in need of redevelopment so not a good comparison. There's really very little below the 500k mark. The best comparison is the Keybridge 1 bed for sale on a low floor for 600k; towards nine elms so arguably a slightly better area. Completed a few years back so won't contain the 5-10% new build premiums which new properties sell for.The Prince of Wales development in Battersea I know a well (more desirable area but new 1 beds there start at 850k upwards; 2 beds 1m+ and as you go higher in floor and better aspect (river or park views = big premiums). All together - I don't think a 700-850k estimate is a bad conservative guess when adding in the premium for penthouses, higher floors, some will be two beds etc. So that is a residential GDV of 350m to 425m excluding value of commercial units etc. Again Keybridge apartments are 1 bed 60 sq/m and two bed 80 sq/m it seems. Let's take the development at an average of 75 sq/m per unit. Google development costs gives 1.8-3k per square metre. Taking the higher figure that is 112.5m development cost. Tbh, all sounding a bit too good to be true and given we're working off assumptions from a novice undoubtedly it is and I am missing some big aspects - I mean the biggest is that the planning application isn't even in yet. I more think it is an interesting thought experiment to show this site has a underlying fundamental value - which is what we're looking for in the portfolio vs. reflected in the share price. |
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 14/1/2025 08:41 by dr biotech Most brokers seem to follow the share price and then change their target prices when they become really out of kilter with the live price. Don’t recall many brokers predicting the miserable valuation we have now.What was the price they gave? |
Posted at 14/1/2025 08:34 by tiltonboy Peel Hunt downgrade this morning, but target price well above current share price Moved from Add to Hold. Always find that odd! |
Posted at 30/7/2024 15:14 by skyship More sales than buys, yet we make progress to 93p. CLI share price movements always rather bizarre! |
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