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Started: LWHL, 17 May 2024 10:45
Last post: LWHL, 17 May 2024 10:45
Potentially forming on the daily chart?
Having opened a maiden position here a few weeks ago, I am mindful that it could be wishful thinking on my part, lol.
The plan with this one is to keep it in the LTH basket, subject to the usual caveats. All being well, hoping for both a strong dividend play and capital appreciation over time, notwithstanding the risks in this sector.
Which is why the SP is IMO bombed out right now. Could go lower of course, but when does that risk not apply to stocks?
I see that this is one of the more quiet chat boards. Not necessarily a bad thing of course.
Apart from sector risk, can any LTH's here give me some of the other potential threats to this name? I have been doing my own research of course, but might have missed some things.
When I am long, I appreciate hearing the potential or existing negatives, not just the positives!
GLA and should anyone wish to share, thanks in advance.
Started: longtimeinvestor, 9 May 2024 19:22
Last post: longtimeinvestor, 9 May 2024 19:22
That the CEO has purchashed a reasonable amount
Started: longtimeinvestor, 2 May 2024 15:36
Last post: longtimeinvestor, 2 May 2024 15:36
For nearly £41 million.
Hopefully they will use some of the proceeds for a share buyback or tender offer.
Current market cap of £340 million is way below NAV
Started: longtimeinvestor, 4 Apr 2024 15:46
Last post: longtimeinvestor, 2 May 2024 15:26
Nice move up at the moment today
At about 82.5p
Started: tickhilltim, 3 Apr 2024 13:32
Last post: tickhilltim, 3 Apr 2024 13:32
Now well below the divi to be paid.
Last post: Gerry557, 17 Jan 2024 16:35
Another top up after today's drop. I guess inflation not dropping as expected has put interest rates falls on the back burner.
Personally I don't think it was that bad hence the top up.
Just topped these up after selling some EPIC.
It was a bit of a last minute buy from a panic sell
Started: longtimeinvestor, 21 Aug 2023 11:22
Last post: longtimeinvestor, 14 Nov 2023 16:40
Good move up today - still at a ridiculously low level as measured against net asset value
Some more at a bit over 89p.
am I the only one on here buying still?
A bit more at about 97.5p
A bit more at a little over 103p
At under 123p
Started: longtimeinvestor, 18 Oct 2023 16:23
Last post: longtimeinvestor, 18 Oct 2023 16:23
CLS were purchasing shares from shareholders at 250p per share just over a year ago.
Current share price is way below NAV
Started: stargate, 12 Oct 2023 10:01
Last post: stargate, 12 Oct 2023 10:01
Nice dividend, if you can ignore secular downtrend on the 5 year chart. Recent 5 year low, sp. CLS, require to close above 110.2 today to confirm a price pivot break. The sector chart has already done a recent bullish pivot break. Honestly, if interested in investing in the sector, CLS, looks like a gamble, and is seriously weak , compared with the sector chart.
Another big buy RNS today
Another big purchase , £2,000,000
Some nice buying happening today
Started: KarlTaylor, 9 Mar 2023 12:49
Last post: KarlTaylor, 9 Mar 2023 12:49
Declared Per share: 5.35p
Time to load for a nice dividend payment.
Started: longtimeinvestor, 20 Sep 2022 15:52
Last post: KarlTaylor, 9 Mar 2023 12:31
nows the time to buy, they are sat on a great property portfolio
Good purchases. Today's BoE statement (re:shallow) recession helped most REITs. To see why the government and BoE are pretty confident about this improved outlook, check two charts - UK MoM inflation and UK Natural Gas price. The Month on Month inflation figures look to be declining steadily apart from jumps in April 22 and October 22 when utility price rises happened. The Natural gas price is less than 60% of the price when Putin rolled into Ukraine so there is no reason to expect the same sized inflation jumps this year. An April 23 utility price jump will only happen because of the forward purchases that utility companies make and a weak government regulator. By end of 23, expect annual inflation to be around 5%. So 'buy on dips' may be a good strategy this year.
Very pleased with my recent purchases that I considered to be at bargain basement levels. Still at a low market valuation.
some more at just under 136p
The corporate action for the tender regarding excess shares states that after scaling back " 2.75 percent of their excess elections satisfied."
Started: hxulcolrdoh, 7 Oct 2022 12:48
Last post: longtimeinvestor, 12 Oct 2022 00:50
''made significant buys ''
I imagine they thought purchasing each £2 for less than £1 made sense
Good that they are buying this low down but, to be fair, most of it is money they made from selling into the tender offer much higher up.
Following the epic fail of the recent tender intended to shrink the gap between the share price (then 210p) and the most recently published 'Statutory NAV' (329p) ..
A collection of directors including the CFO have put their money where their mouth is / made significant buys at an average of 145p
Bengt Mortstedt £295,200
Fredrik Widlund £ 64,459
Andrew Kirkman £153,804
If the share price even only recovered to where it was when the tender was offered this would be a decent uplift. DYOR.
Started: hxulcolrdoh, 16 Aug 2022 21:18
Last post: hxulcolrdoh, 20 Sep 2022 18:04
No not really (on the back of the £25.5m share purchase there will be a small change in the NAV )
The shares are currently deeply (50%+) discounted to their NAV.
NAV 352p in the tender, so nearly 50% discount or am I missing something
Im not sure how many of mine will be sold until they show up in the account. I dont have the discount figures to hand but the SP has dropped possibly making worth a buy. The divi yield was poor compared to some REITs but is looking more respectable.
The one thing I did like was this paid out on my weaker months. Anyway as I will be retaining at least some of my holding, I have decided to add more. Hopefully there will be more tenders in the future although I'm not sure why they didn't do buybacks. Maybe they have seen me moan on here about not liking buybacks.
They never seem to be done at the right time but in this case Im buying so it must be good for them too!
Hopefully the next set of figures will look a bit better or are we happy things do look much worse
The logic that the tender offer would help to close the discount to NAV doesnt seem to have worked!
The logic is flawed. Yes all things being equal if X% of shares are magically removed then the remaining shares are worth 1/(1-X) more if MC is maintained. However they are not magically removed they are bought with cash and a consequent depletion of assets.
Started: fatprofits, 31 Aug 2022 22:26
Last post: fatprofits, 31 Aug 2022 22:26
about the future of the office ?.
Will offices largely become stranded assets?.
Started: longtimeinvestor, 23 Aug 2022 16:55
Last post: longtimeinvestor, 26 Aug 2022 16:54
and yet another one at 190p
at just under 194p
Started: longtimeinvestor, 4 Mar 2022 15:53
Last post: longtimeinvestor, 20 May 2022 20:23
CLS is now a REIT.
I have noticed that they are contemplating a tender offer due to the share price being well below asset value - they did tender offers every year at one time instead of dividend payments.
A good thing to do if the gap remains.
at just over 187p
Started: Gerry557, 1 Dec 2021 10:36
Last post: Gerry557, 1 Dec 2021 16:33
Having watched the webcast one thing stands out. Annual spending is circ £20M but for the next couple of years its going to be £60M+
Could this extra spending, some to go more green be part of the reason
Hi everyone. Just joined you this morning with my first batch of these. Mainly due to the large discount and possibly of it converting to a Reit.
Hopefully I can learn a bit more from experienced heads here as I've only speed read the last couple of reports.
I'm not too clear why this is struggling so much right now. Covid has had an impact but there seems to be something else.
Started: fatprofits, 22 Nov 2021 21:22
Last post: longtimeinvestor, 28 Nov 2021 19:35
Having multi bagged a great deal over the last 21 years, I am still prepared to top up from time to time - may well do so again if it went a bit under 200p.
looking rather tasty down here.
Started: fatprofits, 25 Aug 2020 01:53
Last post: fatprofits, 23 Nov 2021 10:22
longtime, you are quite right, CLS is not a REIT.
Unfortunately an edit function is not available on LSE.
fp
''No other UK REIT ''
CLS is not a REIT
The rent collection % stats.
No other UK REIT I'm aware of has collected rent at this % over the last
two Quaters. Not even Segro comes close.
Started: longtimeinvestor, 20 Nov 2021 20:50
Last post: longtimeinvestor, 20 Nov 2021 20:50
yesterday (averaging up)
Started: longtimeinvestor, 28 Nov 2019 20:41
Last post: FATTYGOLFER, 19 Jul 2021 17:03
Not today it seems
The company that keeps on giving
Had a big Covid19 led drop.
Didn't post at the time, but I bought more at 188p on the 26th June.
They certainly must know what they are doing at this company.
First bought 20 years ago. Have no desire to sell, ever.
particular
Started: deonj, 8 Oct 2020 11:58
Last post: deonj, 8 Oct 2020 11:58
I looked at the share graph this morning following the results and noticed, as with many shares at the moment, it is at the end of an ascending triangle phase where it has been suppressed around the 216p level for the past 5 months. Sellers have managed to pull the price down to 168p at close on 14 May, 185p on 30 June, 188p on 24 July, 192.5p on 26 August and 205p at close yesterday. With a PE of 9.3 (on TradingView) and steady financials throughout COVID, I am confident that this will break-out in the next couple of weeks. Please note, that it may have a false break-out below the current levels, but if this happens it will be a buying opportunity in my opinion. GLA!