Cls Share Discussion Threads

[cockneyrebel] 03/9/2009 19:31

Yes, was such a rapid gain I thought it might not last but after selling I looked through the details again and thought 'oh no, what have I done?!'

Anyway, the turn cost me £30 so not the end of the world - slapped wrist tho.

CR

[cambium] 03/9/2009 16:48

shame on you CR, ahem welcome back!

[cockneyrebel] 01/9/2009 19:18

Traded out late last week after such a rise bit bought back today - absolute clear strength here the way it has held up. Suspect the director buying is a major source of confidence.

CR

[greek islander] 27/8/2009 12:48

Two purchases by me this morning and neither showing as trades. I have doubled my holding today. Also cashed in a sizeable spreadbet win and started another bet first thing this morning.

Good luck to all holders.

[martincc] 25/8/2009 12:13

CLI still looking good value, NAV up 10% in past 6 months to 603p partly on revaluations, but still good going in the present climate.

Some comments in company reports today,

Development Securities DSC

NAV down 11.1% in 6 months to 30th June

Have been buying again in recent weeks

Cautiously optimistic that the market is now close to its low point

'Some GBP27.0m has been spent on four acquisitions since the fund raising including the purchase of a bank loan believed to be the first such acquisition in this part of the cycle
Interim dividend maintained at 2.4p (30th June 2008: 2.4p)
In recent weeks, we have secured a number of new properties for our portfolio.'

'The investment property market decline has decelerated recently and we await to
see the impact on valuations caused by further likely rental declines and
increasing voids. We are cautiously optimistic that the market is now close to
its low point although we are guarded against a possible further downward shift
should sentiment still worsen with regard to the general economic climate in the United Kingdom'

And from CLS Holdings CLI

NAV is UP 10% from 548p to 603p in 6 months to 30th June

'but with tentative signs of stabilisation in areas of the market, we expect that opportunities will become more widespread in the first half of 2010'

Adjusted Net Asset Value per share* 719.2 pence, up 11.1 per cent from 647.2 pence at 31 December 2008 (Statutory NAV per share 603.2 pence, up 10.0 per cent from 548.4 pence at 31 December 2008).

We are pleased to report that our adjusted net asset value per share has risen
by 11.1 per cent to 719.2 pence per share, against the backdrop of a continuing
depressed property market. This is partly a reflection of some of our
properties being re-valued upwards in the UK, particularly those with long
government leases.

Real estate investment markets remain suppressed, but encouragingly they are
most active in the smaller lot sizes under GBP35 million or EUR40 million, where
funding is becoming more readily available; this is the market which has always
been important for CLS, and within which most of our properties by number
reside. We have yet to see the introduction to the market of distress or
fire-sale assets, but with tentative signs of stabilisation in areas of the
market, we expect that opportunities will become more widespread in the first
half of 2010.

[deltrotter] 25/8/2009 08:26

Use the other thread lads eh? Its got charts in it...

[cockneyrebel] 25/8/2009 08:18

Loverly breakout and no real resistance till £6 :-)

Rising NAV and great director buying.

CR

[cockneyrebel] 25/8/2009 08:00

NAV increased here - there's a rarity.

CR

[greek islander] 24/8/2009 12:38

Already showing big SB gains have now added to my stock purchases today at a bit under £4.

Also bought TEF to add to my Savills and RMV.

CR - I agree with you, property plays could be very strong over the next 6-18 months just hope I have the strength of character to keep hold of them if they start rising. My RMV already up almost 40% in just about a month and Savills gained 19% in a similar period.

[greek islander] 21/8/2009 21:18

Yes CR great day today.
Invested am and added a sbreadbet a few minutes later which has already gained me £1k. Good run!

[pillion] 21/8/2009 11:22

Sammu

Looks like a divi here

08 Mar 2007 Final GBP 18.70 31/12/2005 31/12/2006 - - - 69.90

[sammu] 21/8/2009 10:27

They have never paid a dividend, they do tender offers at a premium instead, for tax reasons.

[pillion] 20/8/2009 17:55

Any chance of the dividend being restored ?

[deltrotter] 20/8/2009 17:50

looking at the results from last August they had 55% public / non-private sector tenants, so I am guessing rental incomes will be reasonably stable. Also a lot of the rents are for long term agreements.

Plenty more to come with CLI I reckon. AIMHO

[cockneyrebel] 20/8/2009 17:40

CLI results next week I believe.

The Chairman bought nearly 500K @ £3 a piece in June.

CR

[pillion] 20/8/2009 17:36

Considering investing in property shares

CLI or LAND ?

[liam1om] 20/8/2009 15:12

Yes thanks much better :-)

[deltrotter] 20/8/2009 14:39

Thanks for the new thread with charts Cambium.

Cheers

Del

[cambium] 20/8/2009 13:37

good spread of properties, with only a handful empty

[cambium] 20/8/2009 12:56

www.clsholdings.com

CLI still looking good value, NAV up 10% in past 6 months to 603p partly on revaluations, but still good going in the present climate.

Some comments in company reports today,

Development Securities DSC

NAV down 11.1% in 6 months to 30th June

Have been buying again in recent weeks

Cautiously optimistic that the market is now close to its low point

'Some GBP27.0m has been spent on four acquisitions since the fund raising including the purchase of a bank loan believed to be the first such acquisition in this part of the cycle
Interim dividend maintained at 2.4p (30th June 2008: 2.4p)
In recent weeks, we have secured a number of new properties for our portfolio.'

'The investment property market decline has decelerated recently and we await to
see the impact on valuations caused by further likely rental declines and
increasing voids. We are cautiously optimistic that the market is now close to
its low point although we are guarded against a possible further downward shift
should sentiment still worsen with regard to the general economic climate in the United Kingdom'

And from CLS Holdings CLI

NAV is UP 10% from 548p to 603p in 6 months to 30th June

'but with tentative signs of stabilisation in areas of the market, we expect that opportunities will become more widespread in the first half of 2010'

Adjusted Net Asset Value per share* 719.2 pence, up 11.1 per cent from 647.2 pence at 31 December 2008 (Statutory NAV per share 603.2 pence, up 10.0 per cent from 548.4 pence at 31 December 2008).

We are pleased to report that our adjusted net asset value per share has risen
by 11.1 per cent to 719.2 pence per share, against the backdrop of a continuing
depressed property market. This is partly a reflection of some of our
properties being re-valued upwards in the UK, particularly those with long
government leases.

Real estate investment markets remain suppressed, but encouragingly they are
most active in the smaller lot sizes under GBP35 million or EUR40 million, where
funding is becoming more readily available; this is the market which has always
been important for CLS, and within which most of our properties by number
reside. We have yet to see the introduction to the market of distress or
fire-sale assets, but with tentative signs of stabilisation in areas of the
market, we expect that opportunities will become more widespread in the first
half of 2010.

[liam1om] 20/8/2009 12:51

Expecting a sharp rise here soon. Good news today and as pointed out the Directors seem to be buying heavily.

[cockneyrebel] 20/8/2009 11:46

Market still sleeping on a lot of real estate stocks imo Simon. a few tyears ago you couldn't read all the posts on here, now everyones is shunning it (except the chairman it seems.)

Selling property significantly above balance sheet value they say today, when did you last hear that from a property co.

Recokon a lot of real estate co's will be valuing NAV higher over the next year.

CR

[simon gordon] 20/8/2009 11:39

CR,

Quality outfit this one. Should see four quid quickly now that you've given it the midas touch:

[cockneyrebel] 20/8/2009 11:03

Well this thread is dead for a year bar one post - great sign :-)

Did you see today that they are selling property well above Dec valuation today?

The Boss has been buying shedloads and the most recent NAV after what looks like a huge kitchen sink write down assets done.

From March results:

Pro-forma Adjusted Net Asset Value per share* after tender-offer completed
in January 2009 732.1 pence, down by 4.2 per cent from 764.2 pence at 31
December 2007 (Statutory NAV per share 605.0 pence, up 1.7 per cent from
595.1 pence at 31 December 2007). The number of shares in issue at 24 March
2009 is 48,024,256.


trading at around half NAV and assets selling for more than what they are on the b/s at?

Looks like this might see the value hunters chasing it when they wake up to it perhaps.

Chairman, Sten Mortstedt, seems to be buying shedeloads.

CR