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CLI Cls Holdings Plc

91.90
1.40 (1.55%)
13 Sep 2024 - 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
  1.40 1.55% 91.90 144,264 16:35:19
Bid Price Offer Price High Price Low Price Open Price
90.80 92.90 91.40 90.60 90.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 148.7M -249.8M -0.6286 -1.45 359.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 UT 33,413 91.90 GBX

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Posted at 15/9/2024 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 90.50p.
Cls currently has 397,410,268 shares in issue. The market capitalisation of Cls is £362,835,575.
Cls has a price to earnings ratio (PE ratio) of -1.45.
This morning CLI shares opened at 90.60p
Posted at 04/9/2024 11:40 by shieldbug
Great that they have extended and expanded the lease - but what price?
Posted at 07/8/2024 16:17 by spectoacc
9% isn't a great yield for a weak subsector tho - if there's eg SHED at 6.3%/-25% in a still booming sector, or pushing 8% elsewhere, why CLI?

I'd like to see disposals, ideally near revised NAV, ideally not just of the better let stuff.
Posted at 07/8/2024 11:02 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 16:14 by skyship
More sales than buys, yet we make progress to 93p. CLI share price movements always rather bizarre!
Posted at 25/6/2024 08:26 by aishah
‘Buy’ discounted CLS, says Liberum
Property developer CLS Holdings (CLI) is offering ‘deep value’ especially given its latest project in London’s Vauxhall, says Liberum.

Analyst Bjorn Zietsman retained his ‘buy’ recommendation and target price of 163p on the developer, which retreated 1.1% to 92.4p yesterday.

The group has announced plans to develop Citadel Place in Vauxhall and Zietsman said ‘while it is too early to include any forecasts in our numbers, we expect based on the contents of the announcement, the potential gross development value to amount to several hundred million and anticipate a potential profit on cost of at least 15%’.

CLS plans to turn the low-rise office buildings at Citadel Place into ‘a harmonised mixed-used opportunity’.

‘CLS offers deep value with the highest forecast total return to shareholders, currently trading at a 63% discount to our estimates of spot net tangible assets, which is the widest discount of the stocks within our range,’ said Zietsman.
Posted at 23/6/2024 13:16 by strathroyal
Despite the poor share price, we shouldn't forget there is a lot going on in the background. The student property at Spring Mews has received a decent amount of interest, a planning appeal has been put in regarding the Artesian, Prescot Street and the annual report has properties for sale in Germany valued at £115M.
Posted at 10/6/2024 12:23 by hindsight
On the one hand sale 5% below nav but on the other hand 140% above share price valuation
Posted at 05/4/2024 11:20 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.
Posted at 12/3/2024 14:01 by ammons
dated 7 March 2024, sell, FWIW

===========================================

CLS Holdings' office values continue their freefall

Investors waiting on a recovery in this property equity's fortunes should invest their time and money elsewhere

March 7, 2024

by Mitchell Labiak

Vacancy rate climbing

Earnings and dividend growth look weak

Pretty much any way you look at it, CLS Holdings (CLI) is headed in the wrong direction.

The landlord's portfolio of European office assets outside big city centres is nosediving in value even faster than last year as high interest rates and questions around post-Covid working continue. Its net asset value (NAV) has been slashed by 28.5 per cent from its 327p high point in 2021, while its shares have lost well over two-thirds of their value since a high of 311p in late 2019.

IFRS earnings per share (EPS) do not cover its flat dividend, but adjusted earnings per share (EPS) stripped of valuation changes does. However, that adjusted EPS fell from 11.6p to 10.3 because its net rental income growth failed to offset rising finance costs from its growing net debt mountain, which is now larger than its equity value. This enormous leverage makes it unique in the UK-listed property sector. Not in a good way.

Consensus forecasts are for adjusted EPS to nudge up to 10.6p by 2025 and for the dividend to hit 8.22p, but even this limited growth looks overly bullish. CLS' vacancy rate has climbed to 11 per cent from 7.4 per cent the year before, driven by its empty UK offices, where vacancy climbed from 10 per cent to 15.8 per cent. When there is so much space in your portfolio, it becomes hard to raise rents, something retail landlords know all too well. The discount to NAV might tempt some, but we believe this is a fair reflection of the strong possibility that CLS will need to offload its emptying assets into a depressed market to chip away at its debt. Sell.
Posted at 16/11/2020 13:50 by 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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