Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To grow net assets and dividends over the long term, whilst managing risk to avoid permanent loss of capital.
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The family %age of the shareholding weighs on this attracting any activist involvement.
They could look at paying a special dividend ….the regular dividend isn’t fabulously generous.
Am a hater of share buybacks and special dividends would be much appreciated as an alternative.
Too cheap
31/3/24 - Unaudited NAV total return of 7.4%
Unaudited NAV of £3.0 billion (5,369p per share) +7.4% NAV Total Return ("NAVTR") (31 March 2023: £2.8bn, 5,068p per share)
All three investment pools contributed to growth, delivering a return of 8.7% in the year, despite foreign exchange headwinds of c.£39 million
Unaudited net asset value per share at 29 February 2024
Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 29 February 2024, calculated on a cum-income basis, was 5201p.
Holding up well.
Unaudited net asset value per share at 31 January 2024
Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 31 January 2024, calculated on a cum-income basis, was 5174p.
Good deal but shares are now available for £33.90 a 35% discount
On 5 September 2023 Caledonia Investments plc ("Caledonia") announced (under RNS number 3620L) that it had agreed terms for the sale of its majority stake in Seven Investment Management ("7IM"), a vertically integrated retail wealth management business, to Ontario Teachers' Pension Plan Board ("Ontario Teachers"), a global investor with approximately C$250 billion in net assets.
The transaction was subject to change in control approval by the Financial Conduct Authority and was expected to complete in late 2023 or early 2024. Caledonia is pleased to announce that this approval has now been received and accordingly the transaction has been completed. Caledonia's final cash proceeds were £256m.
Re-rating with CPI drop now 3670p a long way to go though i reckon
Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 31 October 2023, calculated on a cum-income basis, was 5162p.
If available.
I won't click a Buy given current equity market volatility.
Don't disagree with you, been adding myself around the 3300p level.
Not on its own re tempting, as I have added JCGI and PHI recently and continued to add to HRI, NAS and OIT.
Balancing the portfolio plays a part but CLDN is a banker for me.
Given CLDN is a very well managed IT with a proven
track record, this looks very tempting near current SP levels.
Chart position, if sp, can close above price pivot at 3295 and 3300 , previous price bottoms , equity would be a buy. Recent higher low and higher high, give confidence that CLDN, may be returning to an uptrend line , in the future.
Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 30 September 2023, calculated on a cum-income basis, was 5203p. This incorporates the biannual revaluation of the Private Capital portfolio.
The NAV total return ("NAVTR") for the six months to 30 September 2023 was 3.7%. A final dividend of 49.2p per ordinary share for the year ended 31 March 2023 was paid to shareholders on 3 August 2023, amounting to a payment of £27m.
7th Aug 23 - Caledonia Investments plc announces that its unaudited diluted net asset value per share ("NAV") as at 31 July 2023, calculated on a cum-income basis, was 5031p.
Dropped a bit after dividend of 49.2p
Top up myself today. It's crazy that Caledonia is trading at 3390p with the NAV being 5068p. Caledonia has a great globally diversified portfolio with some Private Equity mixed in as well. This should be trading in the 4000p to 4500p zone, still giving some leeway for any losses in the PE space and also the fact that the Cayzer family owns nearly half of the investment trust.
On top of the normal dividend CLDN pays special dividends from time to time too. It paid 175p special dividend in June 2022.
A good oppertunity to top up imo.
I've topped up at 3415p this morning.
Tue, 23rd May 2023 09:31Alliance News
Caledonia Investments PLC - London-based investment trust - Net asset value per share stands at 5,068 pence as at March 31, up 0.5% from 5,041p on the same date a year earlier. NAV total return for the year is 5.5%, down from 28% the year before. This compares to FTSE All-Share return of 2.9% for the same period. Total net assets amount to GBP2.80 billion for the year, also up 0.5% from GBP2.78 billion the year before. Declares total dividend of 67.4 pence per share, up 4.0% from 64.8p a year prior.
Chief Executive Officer Mat Masters says: "Our approach of investing in a diversified portfolio of high-quality companies and funds has generated positive returns over the last year against a challenging market environment. We have a strong platform from which to continue to deliver our objectives of growth in net assets and dividends paid to shareholders over the long term."
Current stock price: 3,544.00 pence each, up 0.5% on Tuesday morning in London
12-month change: down 3.8%
Down heavily based on concerns around unquoted portfolio valuation. CLDN unmoved so far
The company tries to sell high (broker firms are being sold on high PE's lately) and buy companies cheap and out of favour or private equity. The cash position is high because companies are generally over valued and they were buying quoted Chinese companies which had halved in price. This trust buys risky companies but tries not to overpay.
I'm curious to as why Caledonia Investment Trust team has decided to put 7IM up for sale. The trust already has excessive liquidity and will possibly be paying a special dividend to alleviate said problem. Maybe they see a potential acquisition on the horizon and need more funds to get a deal through?
(Alliance News) - Caledonia Investments PLC has appointed investment bank Evercore Partners to oversee the sale of its boutique fund manager 7IM for around GBP400 million, Sky News reported on Thursday.
According to sources, the FTSE 250 listed investment trust is planning to launch an auction of 7IM in the autumn, although there the possibility that it could be delayed if market conditions remain unattractive.
In February, Sky News reported that Caledonia Investments had rejected a GBP300 million offer from asset manager Brooks Macdonald for the business.
Caledonia has owned 7IM for seven years, after acquiring the company in 2015 for GBP100 million.
https://news.sky.com/story/caledonia-prepares-400m-auction-of-investment-manager-7im-12635131
Shares in Caledonia Investments closed 3.9% lower at 3,625.00 pence on Thursday in London.