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% 249.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
243.00 244.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 133.00 144.90 30.50 8.2 1,016
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
02/9/201918:51Net Asset Value 732p159
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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DateSubject
15/9/2019
09:20
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 249.50p.
Cls Holdings Plc has a 4 week average price of 221.50p and a 12 week average price of 210p.
The 1 year high share price is 257p while the 1 year low share price is currently 195p.
There are currently 407,395,760 shares in issue and the average daily traded volume is 81,844 shares. The market capitalisation of Cls Holdings Plc is £1,016,452,421.20.
26/7/2019
09:43
truffle: Quite a long article and a positive write up and buy recommendation in today's IC. One of the key points in the article is the discount to NAV reflected in the share price. Which is an alternative way of considering the recent German property sales which have been at a sizeable premium to December 2018 valuations.
08/3/2017
10:32
aa29: Agree great results. They continue to perform well and are clearly wanting the share price to reflect that. CEO interview hTTp://viz.tools.investis.com/cls-holdings/videos/CLS_Edit_V6.mp4
05/12/2014
08:49
truffle: CLS promoted to the FTSE 250. Gives some explanation for the recent strong rise in the share price which presumably will be tracked by new institutions in future. The only problem is the very low daily trading volume. A share split would solve that to some extent.
03/10/2010
22:59
sammu: CLS has a 29% shareholding in Catena a swedish property company. The latter is proposing a sale of assets and the share price has moved up from 120kr to 170Kr in the last month, which I have worked out is worth about an extra £20 - £25m to CLS or 40p - 50p a share, - useful.
17/11/2009
11:48
cockneyrebel: interim management statement Nov 18th last year. Last NAV statement 719p (up 11% from 603p) - NAV probably risen more since Current share price 467p 29 Oct Sten Mortstedt, Chairman, bought 1.18K 30 Oct " " bought 1.16K 2 Nov " " bought 7.9K £48K worth bought by him a fortnight ago. Must be trading at a 40%+ discount to NAV, NAV risen at 10% over the past year.
20/9/2009
16:00
cockneyrebel: Well if punters were waiting for a pull back they won't get much better than this to buy on GI, imo. Let the trend be your friend - and this has a delightful trend :-) 720p NAV rising at 10% this year gone and the share price still £2 below NAV. Next leg up will be a race imo. CR
06/12/2007
18:39
sscrabble: just a comment on these - looking at their balance sheet and todays share price - they are at a 50% disc to nav , but because of loan to value if their properties lost 15% of their value they would only be at a 15% discount and 20% would put them at nav. To compare - others - CLI - 50% - 15% - 0% CAL - 61% - 46% - 38% BLAND - 48% - 28% - 18% MAY - 39% - (-34%) - (-123%) Just my rough workings , but in the right area I think.
26/6/2003
13:11
ed 123: It looks like someone bought 200,000 shares today. It pepped up the share price a bit.
24/8/2002
00:45
skyship: WARNING: For Investors only – not for Traders……;.. It is possible that a large line of stock over-hanging CLS Holdings (CLI) is about to clear (see below), in which case this is a property company likely to show a good return over the next few months. I’ve collated and updated a few of my comments on the old FreeBB thread, so as to make the case easier to follow: I remain very much a commercial property bull, as really it is only in the City and London West End that rental value falls have not outweighed the increasing values arising from lower yields. CLI has actually pulled back by 21% from the May peak of 260p to the current 204p. At this level it stands at a 44% discount to the historic (31/12/01) 365p NAV; and a 49% discount to a concensus 400p NAV for the end of this year. Each year the NAV is marginally enhanced by the policy of share buybacks instead of dividends - these give a yield equivalent of 5.4%. However, even though the "FRS 13 Fair Value" adjustment knocks 16p off the NAV, I believe that concensus figure will be left far behind. ING Barings estimate 416p, but even that doesn't allow for: 1. The effect of the Euro appreciation on a property portfolio historically 42% on the Continent (France-22%; Sweden-20%; UK-58%); but apparently now much nearer 50%. 2. The likely rise in commercial property values in H2 Having such a high %age exposure to the Continent is now viewed by many property followers as a significant benefit. Property yields are considerably higher across the Channel; and the sector as a whole is viewed as "under-played". It is interesting to note that of last year's £30m revaluation surplus 36% came from France; 39% from Sweden; and just 25% from the UK. Being a family controlled company, CLI has historically traded at a larger NAV discount than its peers; however the Swedish Mortstedt family adopt a far more open and approachable policy than their British counterparts. Also, CLI is a freely marketable stock being now quite a large company with a 31/12/01 Year End portfolio value of Gross £728m and a Market Cap of £197m. The 76 page Annual Report is commendable in its detail; and well worth a detailed read. I think there was a very good reason for the recent decline, essentially Govett Strategic I.T. (GVS) was a forced seller in view of their winding-up/restructuring. We know they sold 740,000 @ 220p; and they must remain the favourites to have been the rather crass seller of another 1.75m shares @ 188p on 15th July - 12.5% below the then market price! It may not have been them of course, but whoever it was, it wasn’t a smart move as CLI was and is in a closed period, so unable to buy-in the stock. If they'd thought of that they could surely have sold the line back to the Company on 30th June - CLI is a confirmed buyer-in of the Company's shares. Such poorly handled transactions present profitable opportunities. To my mind the market-maker who took the stock will remain a tap seller until the Interims next month. The results will clear the way for the Company to buy-in loose stock and for the Market as a whole to be reassured as to the Company's value. HOWEVER, the loose stock may not be around much longer, as a look at the ADVFN Trading history shows (according to my allocation of the Trades) that since 2nd August the market has sold no less than 1.56m CLI. All this stock comes from the GVS "forced sale" of 740,000 @ 220p on 21st June & the further sale (possibly GVS again) of 1.75m @ 188p on 15th August. Assuming the 740,000 were absorbed by the market between 22nd June & 1st August (and I haven't the trading history to check that), then the astute market-maker who took the cheap stock @ 188p may now be down to his last 200/- shares; in which case we could be in for a run sooner than anticipated. Still anchored @ 202-206 today. With gearing @ c.100%, I have a personal target of 425p for the y/e NAV; and a share price target of 255-260 over 6 months. For me this is a core long-term holding. With solid support evident @ the £2 point , the potential upside shows the right sort of multiple to the downside risk. Looks like a safe BUY.
27/6/2002
17:34
skyship: This market shake-out provides all sorts of buying opportunities for the long-term investor with a CASH cushion looking for a home. To buy this week is not necessarily foolhardy; after all Warren Buffet himself favours buying into sharp falls! I remain very much a commercial property bull, as I have often explained on other threads (the reasoning is linked to Pension Fund Asset Allocation). To my mind the recent fall in the Real Estate index is a healthy retracement back from the overbought 2500 level. One particularly attractive stock - CLS Holdings (CLI) - has actually pulled back by 14% from 260p to the current 223p. At this level it stands at a 39% discount to the historic (31/12/01) 365p NAV; and a 44% discount to a concensus 400p NAV for the end of this year. Each year the NAV is marginally enhanced by the policy of share buybacks instead of dividends - these give a yield equivalent of 5.4%. However, even though the "FRS 13 Fair Value" adjustment knocks 16p off the NAV, I believe that concensus figure will be left far behind. ING Barings estimate 416p, but even that doesn't allow for: 1. The effect of the Euro appreciation on a property portfolio 42% on the Continent (France-22%; Sweden-20%; UK-58%) 2. The likely rise in commercial property values in H2 Having such a high %age exposure to the Continent is now viewed by many property companies as a significant benefit. Property yields are considerably higher across the Channel; and the sector as a whole is viewed as "under-played". It is interesting to note that of last year's £30m revaluation surplus 36% came from France; 39% from Sweden; and just 25% from the UK. Being a family controlled company, CLI has historically traded at a larger NAV discount than its peers; however the Swedish Mortstedt family adopt a far more open and approachable policy than their British counterparts. Also, CLI is a freely marketable stock being now quite a large company with a portfolio value of Gross £728m and a Market Cap of £224m. The 76 page Annual Report is commendable in its detail. With gearing @ 102%, I have a personal target of 425p for the y/e NAV; and a share price target of 300p as the NAV growth becomes apparent. For me this is a core long-term holding. With solid support back in the 200-220 range, the potential upside shows the right sort of multiple to the downside risk. A safe BUY.
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