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CLI Cls Holdings Plc

86.10
-0.90 (-1.03%)
28 Mar 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 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
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 87p. Over the last year, Cls shares have traded in a share price range of 83.30p to 148.20p.

Cls currently has 397,410,268 shares in issue. The market capitalisation of Cls is £341.77 million. Cls has a price to earnings ratio (PE ratio) of -4.17.

Cls Share Discussion Threads

Showing 201 to 224 of 1000 messages
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DateSubjectAuthorDiscuss
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.uk/en/assets/news/2013/August/CLS-Holdings-win-Project-Neo-government-office-portfolio-for-120m/

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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