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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.90 | -1.03% | 86.10 | 86.00 | 86.30 | 87.00 | 85.70 | 87.00 | 340,004 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 139.7M | -81.9M | -0.2061 | -4.17 | 341.77M |
Date | Subject | Author | Discuss |
---|---|---|---|
05/4/2017 11:38 | Vauxhall Square development sold 05.04.2017 CLS Holdings plc announces that it has exchanged contracts for the unconditional sale of the site of its proposed mixed-use Vauxhall Square development (“Vauxhall Square”) to R&F Properties, a large Chinese property developer listed on the Hong Kong Stock Exchange, for a gross consideration of £157.77 million. R&F Properties will assume CLS’s obligations for the relocation of the hostel at 62 Bondway, resulting in a net consideration of £144.1 million, which will be received in cash at completion. It is expected that completion will be on or around 4 May 2017. The Company will retain the freehold interest in the Miles Street student accommodation block (having sold a long leasehold interest for £24.8 million in December 2015) and residential houses in Wandsworth Road. At 31 December 2016, Vauxhall Square was valued at £100 million and in 2016 generated net rent of £1.9 million. The rent has since reduced to £0.1 million p.a. following the expiry of a lease with Cap Gemini. CLS will make a profit on disposal of approximately £40 million after costs, which will add some 70 pence to pro forma EPRA NAV. There is no debt secured against the site and it is anticipated that the full sale proceeds will be re-invested in the Company’s core business. Henry Klotz, Executive Chairman of CLS, commented: “The sale of Vauxhall Square is a milestone in the history of CLS. Having bought the site nearly 30 years ago and secured planning in 2013, we are pleased now to have exchanged contracts at a price above its year end valuation. “R&F Properties has extensive residential development experience and we are delighted that it will soon create a vibrant residential, office and retail development to enhance Vauxhall, an area in which we retain over £330 million of long-term investments. “We intend to reinvest the proceeds in our core business: high yielding offices with good asset management opportunities within key European cities”. | aa29 | |
09/3/2017 11:37 | Results presentation and analysts' Q + A | aa29 | |
08/3/2017 10:32 | Agree great results. They continue to perform well and are clearly wanting the share price to reflect that. CEO interview | aa29 | |
08/3/2017 09:24 | Great results. Start of something, particularly leading up to March 17th? FINANCIAL HIGHLIGHTS -- EPRA net assets per share: up 17.9% to 2,456 pence (2015: 2,083 pence) -- Basic NAV per share increased by 18.8% to 2,151 pence (2015: 1,810 pence) -- EPRA earnings per share up 45.2% to 123.0 pence (2015: 84.7 pence) -- Net rents rose by 8.2% for the year to GBP107.1 million (2015: GBP99.0 million) -- Profit after tax of GBP97.8 million (2015: GBP129.9 million) included a property revaluation uplift of GBP36.1 million (2015: GBP98.0 million) -- Increase in distributions to shareholders of 23% for the full year, with a proposed final dividend of 40 pence per share which will be paid on 28 April 2017 to shareholders on the register at 17 March 2017 | glawsiain | |
08/2/2017 13:47 | Good news all round They have already announced that the results on 8th March are expected to be ' ahead of current market forecasts' To-day we have the announcement of a long-overdue share split to give better liquidity, which must be the right move for such an illiquid stock, And also dividends in future instead of share buy-backs | truffle | |
17/3/2016 12:55 | Results webcast is worth a listen. | aa29 | |
12/8/2015 15:16 | Continues to produce excellent trading results which deserve greater publicity in the market. Also looks like the good news will continue over the next year or two. | truffle | |
12/8/2015 12:39 | Another set of good interims. Added a few more on the current dip in price. | aa29 | |
12/5/2015 16:25 | Positive trading update today | aa29 | |
05/12/2014 21:16 | Looks like an incompetent tracker bought a few shares at 1570 in the closing auction. I think it should be trading at a premium to historic NAV slightly less than SMP maybe. This recent rise corrects this I think. NAV at the end of the year - reported in March is likely to be over £15. | sammu | |
05/12/2014 08:49 | 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. | truffle | |
13/8/2014 11:26 | Another excellent set of results but still seems to be below the radar of most investors. Should make further steady progress. | truffle | |
11/2/2014 18:02 | Hi Charlotte21, Why the rise? Why not ? 15p up in the context of last month's slide doesn't seem to warrant any particular reason......and if you need a plausible reason, see the post preceding yours ! ATB ;-> | extrader | |
11/2/2014 15:21 | Why the rise? | charlotte21 | |
06/1/2014 18:02 | Also had a good write-up in Shares mag a couple of weeks ago. There are often a few snippets about CLS in the media and the positive news seems to be based on two things. First, the purchase last year of a portfolio of largely govt. occupied properties with a good yield and, secondly and more importantly, the fact that the company is involved in the huge regeneration projects in Vauxhall which could be finalised in 2015. The CLS office also happens to be in Vauxhall as well. It looks a really good play on the London property market over the next 2/3 years. | truffle | |
02/1/2014 10:19 | It's like it got tipped somewhere. The only ref. I could find was a mild side reference in IC. | sammu | |
14/9/2013 14:43 | Hi CPFC84, Reason for the unusual tender approach AIUI is that this suits the tax status of the controlling Morstedt family. A more conventional dividend payout approach would probably make CLI more "investable" for some investors. HTH | extrader | |
14/9/2013 14:43 | Hi CPFC84, Reason for the unusual tender approach AIUI is that this suits the tax status of the controlling Morstedt family. A more conventional dividend payout approach would probably make CLI more "investable" for some investors. HTH | extrader | |
14/9/2013 09:02 | Like the look of this company. Just one question, why would a company choose to do Tender Offers rather than straight forward dividends? Not sure why they would want to make it more difficult to returns profits to shareholders? Other than that this company looks great, particular nearly every RNS they post is a director buy. | cpfc84 | |
11/8/2013 08:40 | The interim results are due on Wednesday so hopefully we may get some rather more detailed comments from the company at that stage. | truffle | |
07/8/2013 23:50 | hxxp://www.costar.co I think this is a good acquisition for CLS. | sammu | |
19/12/2012 09:05 | Good 2 RNS out today | jaws6 | |
22/8/2012 10:10 | CLS Holdings comes to the market with a LSE listed retail bond Richard Tice, CEO of CLS Holdings outlines the retail bond it is proposing to sell, listing it on the London Stock Exchange Order book for Retail Bonds (ORB) | ceohunter | |
04/7/2011 13:41 | Broker note-Buy target 780p | nellie1973 |
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