Cls Share Discussion Threads

[its the oxman] 05/3/2019 15:51

Upward pressure 255p day high

[its the oxman] 01/3/2019 09:34

Added 234p, good chance of going higher on decent results.

[sammu] 03/2/2019 00:05

Thanks Jeff. I saw Endicott and it vaguely rang a bell.

[jeff h] 02/2/2019 14:51

Sammu - the shares are owned by CLS subsidiary Endicott Sweden AB ie the 3,971,349 holding. See Note 31 on Subsidiaries in the Annual Report.

[sammu] 01/2/2019 21:38

Catena certainly on a run to new highs. Strangely I don't see us on the share register, I doubt CLS would have sold out.
hxxps://catenafastigheter.com/financial/stock-information/ownership-structure/

[truffle] 01/2/2019 15:44

Just checked on Catena which seems to be Swedish property. Overall happy to remain a long term holder here.

Hidden gem.

[its the oxman] 01/2/2019 15:25

Could have some way to go here, European exposure is a nice plus.

[truffle] 01/2/2019 12:54

Not sure what Catena AB is. German property?

[jeff h] 01/2/2019 12:34

Truffle I hold here as well as both Summit and Phoenix Spree though PSDL is purely Berlin residential.

I think there is some "hidden treasure" here with CLI's stake in Catena AB.

It is currently worth approx £82m whereas at 30/6/18 it was more like £59m.

[truffle] 01/2/2019 10:28

And strong German property valuation increases for Phoenix Spree Deutschland announced to-day. The German property market has been very strong during the past 2/3 years which is all good news for CLS.

[truffle] 01/2/2019 10:28

And strong German property valuation increases for Phoenix Spree Deutschland announced to-day. The German property market has been very strong during the past 2/3 years which is all good news for CLS.

[truffle] 28/1/2019 12:04

Summit Germany to-day says its commercial properties in Germany have been independently revalued at end December, giving an approx. increase of 45% over June last year.
It will be interesting to see what CLS says about the value its own German commercial portfolio when the results are announced.
But DYOR

[truffle] 11/10/2018 10:11

Interesting to see the change in the share price
CLS moving up over 5% in the past couple of days while the rest of the market has collapsed.

[its the oxman] 24/8/2018 09:09

Disappointing to still see it sub 220p. Property stocks generally out of favour for now - so time to accumulate if your willing to be patient and returns should come. Any further investments in Germany/France should go down well with the market.

[aa29] 22/8/2018 16:22

Questor column in Telegraph did an update yesterday, too long to repeat in full.

Although had thoughts of taking 40% capital gain, decided to retain as long term solid hold.

Four reasons
1. Steadying influence of Mortstedt controlling stake.
2. Reduction in gearing compared to last major downturn.
3. Sensible valuation with 22% discount to NAV.
4. Portfolio split between GB and Europe.

[truffle] 21/7/2018 10:25

Liberum have raised their CLS target price to 300p, and Peel Hunt have a TP of 265p.

[its the oxman] 26/6/2018 13:12

Even better at 221p. Quality track record and more exposure via acquisitions in Germany should get this going hopefully. Very oversold now.

[its the oxman] 21/6/2018 15:12

Looks well worth picking up c.230p. 3% div and hope to see further decent upside to property portfolio.

[aa29] 21/3/2018 18:40

Results presentation is worth listening to.

[aa29] 27/2/2018 08:20

Results out on 7 March

[its the oxman] 22/2/2018 13:14

Bought a few sub 220p. Result soon. Harsh sell off so should recover.

[truffle] 09/1/2018 09:53

Nice to see Liberum Capital have again upped their target price, from 255 to 270

CLS's spread of property investments, which include a reasonable percentage in Germany, combined with EU growth and a stronger Euro, are presumably contributing to the strong performance

[bigbertie] 18/12/2017 18:53

Savills research apparently shows 2017 will be a record year for inward investment in London property. Reported in Telegraph.

[truffle] 02/11/2017 08:07

Liberum Capital and Peel Hunt have targets of 255 and 250 respectively on CLS Holdings

[r ball] 27/9/2017 18:45

It's illiquid and a director has just sold