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CLI Cls Holdings Plc

76.10
-2.40 (-3.06%)
10 Jan 2025 - 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 Shares Traded Last Trade
  -2.40 -3.06% 76.10 476,292 16:35:01
Bid Price Offer Price High Price Low Price Open Price
75.80 76.30 77.50 75.30 77.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 148.7M -249.8M -0.6286 -1.21 311.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:36 O 15,000 76.10 GBX

Cls (CLI) Latest News (1)

Cls (CLI) Discussions and Chat

Cls (CLI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-10 17:05:3676.1015,00011,415.00O
2025-01-10 16:35:0176.1038,49529,294.70UT
2025-01-10 16:29:5175.901,6041,217.44AT
2025-01-10 16:29:4875.8010.76AT
2025-01-10 16:29:4775.801914.40AT

Cls (CLI) Top Chat Posts

Top Posts
Posted at 10/1/2025 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 78.50p.
Cls currently has 397,410,268 shares in issue. The market capitalisation of Cls is £301,634,393.
Cls has a price to earnings ratio (PE ratio) of -1.21.
This morning CLI shares opened at 77.50p
Posted at 09/1/2025 10:42 by brucie5
Well FWIW, I'm of the opinion that income is patient, whereas share price movements are not. The trick lies in knowing whether or to what extent that income is sustainable and an indicator of value. Ceteris paribus, a 10% income stream is not to be sniffed at, equating to a doubling of your money each 7.2 years. If this yield were unique in current market you might be sniffing a ponzi scheme; but it's not. Given that there many such examples, the reason is likely to be less company specific than economic and a function of investor sentiment. But that's my hunch, so obviously NAI.
Posted at 13/12/2024 15:09 by skyship
The IC states this in their article on office player GPE:

"A bargain way to bet on the office market recovery. With the pandemic well and truly a thing of the past, now is the perfect time to reconsider these unloved assets"

You wouldn't believe any recovery in offices sentiment looking at the CLI sp!
Posted at 03/12/2024 09:02 by spectoacc
Not sure why office users would want more space per employee. Cost-cutting the order of the day, and fewer employees with the NIC rise.

But that's UK of course - fewer employees on the continent with a sclerotic economy. Interesting that both France and Germany going to have unexpected GEs soon.

The word "eventually" is doing a lot of heavy lifting, but I'd not argue CLI is expensive. Just that there's better things to buy, with more potential upside and more divi safety.

5 years? The definition of a long-term trade is a short-term one gone wrong ;)


@loglorry1 - not on financials it ain't, tho agree GSF in particular is opaque. It's also mind-bendingly cheap IMO. If it was single-country it would have been taken out by now IMO, & still wouldn't rule it out.
Posted at 03/12/2024 08:43 by loglorry1
CLI is much better quality than GSF and SEIT. The latter worry me esp GSF and I wouldn't invest. Offices might be out of fashion but I don't really think AI and home working will kill them off.
Posted at 03/12/2024 08:38 by ghhghh
Not sure what it's about, but in general at least part of CLI's problem is how much cheap stuff there is out there. Why would I buy over-geared, debt-risk (but not bankruptcy risk) CLI yielding 10%, versus eg SEIT, getting sold down by Rathbones, at 12%. Or NESF at 12%, or GSF at 14%.

Because it offers more potential upside if you believe that well located semi prime offices will eventually be dragged up by Prime's increasing rentals/restricted availability, especially as WFH slowly reverses as appears to be happening. And office users want more space per employee.

Which is going to be higher in 5 years?

I own all four having recently bought back SEIT, Gore and NESF. Also bought FGEN

I assume CLS suffering from exposure to France
Posted at 03/12/2024 07:44 by spectoacc
Classic :)

Not sure what it's about, but in general at least part of CLI's problem is how much cheap stuff there is out there. Why would I buy over-geared, debt-risk (but not bankruptcy risk) CLI yielding 10%, versus eg SEIT, getting sold down by Rathbones, at 12%. Or NESF at 12%, or GSF at 14%.

All with different pros/cons, but the market's changed.
Posted at 07/11/2024 17:00 by skyship
Back down to 90p! NAV discount at 60%. Yield up to 8.8%.

Time to change the way we look at Reits
Changing market conditions call for changing valuation methodologies
IC - Published on November 6, 2024
by Natasha Voase



The property sector has always liked to do things differently. While other sectors debate price/earnings ratios and enterprise value to Ebitda, real estate investors wax lyrical about discounts to net asset value (NAV) and loan-to-value (LTV).

This approach made sense in the old world of declining yields and interest rates, says Tim Leckie, an analyst at Panmure Liberum. Falling rates meant shifts in portfolio valuation were a large component of returns. But now that rates are higher and valuations unsteady, Leckie says the focus must be on cash flow generation. Reits need to be able to generate enough cash to pay down increased interest costs and grow. For the low-yielding, low-risk portfolios of times gone by, this is a problem.

Yet for Reits, just as when it comes to valuing companies more generally, no valuation metric should be taken in isolation.

Harm Meijer, managing director and co-founder of real estate fund manager ICAMAP, says that this is why investors need to look at multiple valuation metrics, including net debt to Ebitda, funds from operations (FFO) yields and price/earnings ratios. "Every ratio metric has its drawbacks," Meijer says. "Because if [for example] you only look at the cash flow... the problem is you can really increase your FFO by just taking on more leverage, by buying assets."

Analysts at Panmure Liberum have created what they call the Medium Term Sustainable Earnings (MTSE) metric, a seven-year figure encapsulating reversionary potential, administration costs and refinancing drag. The MTSE total return blends yield plus growth to give investors an idea of what their medium-term cash earnings per share might be. The chart below shows the result of those calculations, albeit outliers such as Grainger's estimated growth rate should be treated with caution. With that in mind, the stocks that stand out: Sirius Real Estate (SRE), Urban Logistics Reit (SHED), Segro (SGRO), CLS Holdings (CLI) and Life Science Reit (LABS).


Analysing Reits through the lens of cash flow throws up some new names that look mispriced. Discounts to NAV alone might encourage investors to buy giants such as British Land (BLND) and Land Securities (LAND), given their discounts sit at around 30 per cent. However, from a forward-looking price/earnings perspective, they trade at 13.6 and 12.1 times, respectively, implying earnings per share of 41p and 71p. Even if investors favour Epra EPS of 42p and 50p, respectively, these valuations look fair or potentially a little high.
Posted at 07/8/2024 10:02 by my retirement fund
Yes, it's been a value trap, but with the board seeing a clearer bottoming out of valuations and interest rates declining, I personally feel there is a reason to see the nav discount narrow. That means share price appreciation. On a prospective yield of 9% and shareprice growth in the months a years ahead, it seems an excellent long term hold. I do appreciate there must be a lot of frustrated investors sitting on sizable losses here, but that economics for you!
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!
Posted at 05/4/2024 10:20 by skyship
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.
Cls share price data is direct from the London Stock Exchange

Cls Frequently Asked Questions (FAQ)

What is the current Cls share price?
The current share price of Cls is 76.10p
How many Cls shares are in issue?
Cls has 397,410,268 shares in issue
What is the market cap of Cls?
The market capitalisation of Cls is GBP 311.97M
What is the 1 year trading range for Cls share price?
Cls has traded in the range of 75.30p to 101.00p during the past year
What is the PE ratio of Cls?
The price to earnings ratio of Cls is -1.21
What is the cash to sales ratio of Cls?
The cash to sales ratio of Cls is 2.03
What is the reporting currency for Cls?
Cls reports financial results in GBP
What is the latest annual turnover for Cls?
The latest annual turnover of Cls is GBP 148.7M
What is the latest annual profit for Cls?
The latest annual profit of Cls is GBP -249.8M
What is the registered address of Cls?
The registered address for Cls is 16 TINWORTH STREET, ENGLAND, LONDON, SE11 5AL
Which industry sector does Cls operate in?
Cls operates in the REAL ESTATE DIV'D sector

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