The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Given its long-term track record, it's amazing that CLS isn't better known. Its shares have the best total return of any listed property company over the past four years - 65 per cent in total - and there's no reason why that can't continue. Yet they also trade at 36 per cent below forecast net asset value (see table). One reason for that discount is that it's difficult to deal in them: over 60 per cent are owned by executive chairman Sten Mortstedt and his wife. That keeps institutions away, but it's less of a barrier for private investors. And the quid pro quo of being a minority shareholder in the family investment vehicle of a Swedish property baron is that he has a strong interest in preserving the value of the shares. Maybe that's why CLS was one of the few property companies that did not issue equity at a steep discount in 2009.
CLS Holdings Buy 09-Mar-12 £187,650.00 Sten A Mortstedt 30,000 @ 625.50p
N+1 Brewin maintained its "buy" rating for CLS Holdings (CLI), with an 835p target price. The property investor continues to impress the broker, with a 9% rise in underlying NAV year-on-year to 1,037p and lower vacancy rates of 3.9%. Brewin added that the firm has 140 million pounds of liquid assets which will allow it to pounce on attractive targets. Meanwhile, as a result of the large fall in long-term interest rates the broker expects the firm to achieve interest savings of 10.7 million pounds over the next three years.
CLS Holdings (CLI) retained its "buy" rating from Brewin Dolphin, with a target price of 800p. The broker says that the property investment company will apply for planning permission for an 18,100 square metre mixed use development in Vauxhall, 0.5 miles from the groups existing Vauxhall Square project. The development would include a student dormitory and a budget hotel, and Brewin notes that the firm is already in talks with potential tenants for pre-let agreements. The shares inched down 0.5p to 642.5p.
all of you in the naughty corner now!
T LICKER
men
leg
lex
tan
felex
felex
T FLICKER
TORUS
...and pulled back on both occasions. Hmmmm?
This share is turning into a right little winner! 584 close is an incredible result for today. Starting to consider a top slice - as this has been my best performing share this month - might be prudent to lock in some profit now. 49% up after buying in @ 3.92. Is anyone else actually into these? Or have they slipped beneath the radar - this seems like a very quiet board!
....continues to climb!
Last few weeks.. gone up a nice 30%.
...little uptrend starting to form here! Good profits of 142m (less than 2 x market CAP @254!!). I can see this one going further! (I Hope!)
The Company received notification on 30 March 2009 that on 27 March 2009 the Sten Mortstedt family trust (the "Trust") established by Sten Mortstedt, Executive Chairman of the Company, bought 8,909 ordinary shares of 25p each in the Company ("Ordinary Shares") at 225 pence per Ordinary Share. Therefore the Trust's interest in the Company following this transaction is 24,098,811 Ordinary Shares (50.18%).
Director Buys more and follows a good rating from NCB Stockbrokers analyst Irfan Younus, who reiterates his 'buy' rating on the stock, says given the market turbulence, CLS has posted a strong set of results, reflecting resilience of its operating performance against an 18 percent fall in UK property values in the past six months. He also points out that CLS, which has property in France, Germany and Sweden as well as the UK, remains a net beneficiary of the decline in sterling. Could be a rise here with a 'kick up' in the SP from the low of a week or ago.
Looking at the 5 year Graph, the SP slope is one of steady growth moving from circa 200p to circa 775p at the start of 2007, Then dropping down and now at 594.50p. The Director Buys may suggest an upturn on further good news and figures. Maybe one for dasv. A very interesing portfolio!