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
  1.00 0.41% 243.50 87,655 16:35:15
Bid Price Offer Price High Price Low Price Open Price
243.00 244.00 244.50 241.00 244.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 139.40 96.50 19.00 12.8 992
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:15 O 1,027 243.49 GBX

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Date Time Title Posts
12/7/202122:25Net Asset Value 732p367
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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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 242.50p.
Cls Holdings Plc has a 4 week average price of 236p and a 12 week average price of 236p.
The 1 year high share price is 265p while the 1 year low share price is currently 185.80p.
There are currently 407,395,760 shares in issue and the average daily traded volume is 252,236 shares. The market capitalisation of Cls Holdings Plc is £992,008,675.60.
nickrl: The CEO sees value he's paid 246.7 for 23000 today clearly wants a bucket load if someone comes shopping for the company!
skyship: Just been listening to the presentation on Hardman Talks by Ravi Strikney - CIO of RECI, managed by the vast Cheyne Capital. Interesting to hear his views on Office valuations: === City centre tower-block valuations have fallen; and he sees no way back for those less attractive working and commuting offices === Very confident for low rise, less dense offices ie - the ones CLI own........see the relevant piece in CLI's excellent Finals Presentation.
cwa1: Jeez, you're making it hard for me to pick up some cheap CLI Sky ;-)
skyship: Posted this on the Commercial Property thread (CP+) yesterday: ============================================================= CLS Holdings (CLI) – the next to look anomalously cheap Having banked turns in RGL & AIRE, I was casting my eyes over the 18 REIT/Propcos in my constantly updating spreadsheet. What a difference a few months has made, with NAV discounts shrinking back from the many in the 35% range to now at an average of just over 21% - I exclude CREI, LXI & WHR in that calculation as they are all secure yield plays trading at a premium. After a long deliberation I have reinvested the sale proceeds into the only one still looking cheap, other than SREI of course........CLS Holdings (CLI). CLI is a rather different player in that its portfolio is almost wholly Office (92%) and the geographical split was last declared as: GB 52%; DE 34%; FR 14%. However after recent acquisitions, predominantly in Germany, I estimate the mix now to be: GB 49%; DE 39%; FR 12%. Currently it has not converted to REIT status; though they recently stated in the Q&A session after the post-Finals presentation (see link below), that that might change if corporation taxes were to rise – a subject of much global political discussion at the moment. CLI @ 235p are still on a 31.9% discount; though an aggravatingly low yield of just 3.2%. Full REIT status would obviously be beneficial for income seekers as the last annual dividend of 7.55p would need to rise to 11.0p to comply with the REIT regs. EPRA EPS was 12.2p. I would strongly advise watching the Presentation as there is a wealth of good information in there. So much so that you will surely wonder, with discounts tumbling across the board, just why are CLI still available on a 31.9% discount. # Rent collection at 99%. # Well diversified tenant base, with c50% Government or large corporations # Low average rents at under £19/sq ft # ERVs 11% above contracted rents # Debt cost 2.28% Etcetcetc All of us on the REIT thread will be enjoying good profits; but many may have missed CLI. I strongly recommend you take a look… (Obvious disclosure – I hold from 230p; and added today) Incidentally, a PS: After the sad death last December of CLI’s founder, IMO there is also the likelihood of corporate action later this year as the family trust trustees have to decide on the future of their 51.5% stake. They will need to maximise value; but more important, they will surely need to diversify the Trust’s assets. A sale to Private Equity may be the future.
hindsight: Maybe below had some effect, but the share price is pricing in a ERV fall Since 14 January 2021, there have been 29 deals securing GBP2.9 million of annual rent at 6% below ERV. The most significant transaction was a lease renewal at Inside, Paris to Veolia for at least 4.5 years. Veolia has taken additional space under the renewal and now occupies over half of the property, which has resulted in the building being fully let. Excluding the Veolia letting, the remaining 28 deals were 2% above ERV.
sphere25: Hello EssentialInvestor, Thank you for the compliment. I am prone to looking like a lemon too at times, can't forget those :-) The trading ideas are a mix, but are headed predominantly toward TA. We are all going to have shares that carry more familiarity so we can tackle them alot better on both fronts. Currently, I would split it as follows: - Scouring all the daily news to try and find overlooked value plays. Recent examples like LOOK, RCN and RST. The latter two generate good cashflow which looked under appreciated by the market. The former was a cyclical recovery play with issues that had dragged it back, but the earnings recovery potential looked incredibly bearish. There have also been examples like SIS near the lows where they hadn't performed pre-covid and the market was already taking a much more bearish view. However, you notice a new tone, a turnaround potential that you feel the market might grab ahold of and begin to price in. It is something like that which catches the eye or something like AMO and CTO where they announce new strategies to hit bullish targets which you feel the market can get behind. Often you know with shares like that, it only takes a few fund managers to get behind it and the re-rating will happen. I remember AMO only having one reasonable sized clear out of stale bulls in the 120's before it re-rated. - The other side (which is where I'm headed more toward) is looking for interesting charts, overhang plays, interesting orders popping up on the order books or anomalous volumes that can cause a demand/supply imbalance resulting in a price movement to profit from. There have been alot of examples here but the most glaring one recently is SFE. Posted alot already on that board and the price target of 60p on the recent trade has already been hit so I do lob in bits. The interesting thing there was the aggressive demand coming in. Buyers aren't just coming in for one or two percent, they're coming in for substantial chunks. Clearly that doesn't mean SFE or any of these shares are a buy, but it is just interesting to note such demand, because when they come in like that, the price usually only goes one way. It doesn't matter what the views are of the company, it doesn't matter which company it is, the demand is almost guaranteed to cause an imbalance that results in a profitable opportunity to piggyback on. Examples like that (even though I am familiar with SFE going years back) show that you don't need to know companies too well to be able to profit from them. Once we can spot this anomalous demand or find interesting charts (BCPT was the one you were watching, we noted how it kept bouncing off 70p - once the market spots continual buyers there, it often rallies sharp the other way as it has) you can devise a complete strategy around it. As for CLI, I have only just started getting involved in this sector so don't pretend to have your knowledge or the expertise of specialists here. There are clearly folk on here who are levels beyond me. I'm just speculating on whether the market is too bearish on the discount here and trying to follow any large demand that comes in. You can see by today's move that someone has come in for very notable chunks, and the algos did react to that, but not enough at the moment to cause a major imbalance to drive the price. The principle holds even with something as lumpy as CLI (turns on a penny), if the big oversized mop comes in to clear out sellers at these levels, it will rally strong, particularly in a bullish market like this. At the moment, it is precariously balanced in a narrow range. All imo DYOR
nickrl: Another chunky director buy here by chairman of 40k.
sphere25: Yes, it is doing a very slow breakout. The price dynamic appears different at the moment post the results and the director buys so possibly a sign of sentiment change. Don't want to get too bullish here though because CLI carries the type of price moves that make you want to listen to a karaoke duet comprising Johnson and Merkel. Very lumpy and irrational moves where breakouts get sold. Noted buyers in size at 230p this week and indeed 100k sat there at the moment too so that looks a nice place to raise the stop to from that 224p initial amount. All imo DYOR
sphere25: 858k bought at 225p. Any more for any more? Looks like it is going to take some whoppers here. Another chart that continues to look interesting in threatening a breakout but still not enough volume to get it through the resistance levels - really stubborn sellers in size at work around key levels. Price clearly needs to clear resistance or it could easily gap back down quite quickly to around 215p. All imo DYOR 14:57 Hang about. Something wrong with it. It is having a go at breaking out with the price hitting 230p but can it clear 230p and close nicely above it to confirm the breakout? 15:37 Ok I've nibbled a few trying to play the breakout. There have been large volume exchanges here on numerous occasions without the share rallying so it has clearly been held back by sellers in size. Naturally have no idea when sellers clear or whether they come back in here but it looks well bid (though CLI is incredibly deceptive with lumpy moves - not the easiest to read) and the price move is the most bullish in a while. Mental stop under 224p here, to account for illiquid gap moves. Can it form an uptrend and hold the breakout to close the gap to NAV?
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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