Caledonia Investments (CLDN)

Sector:

Investment Firms

Index:

FTSE 250

3,670.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 3,905.00
  • 52 Week Low: 3,215.00
  • Currency: UK Pounds
  • Shares Issued: 52.87m
  • Volume: 8,474
  • Market Cap: £1,940.50m
  • RiskGrade: 108
  • Beta: 0.01

Caledonia Investments makes decent progress despite market struggles

By Josh White

Date: Thursday 23 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Caledonia Investments reported a 2.7% decline in net assets in its first half on Thursday, to £1.85bn, with net asset value per share also down, dipping 2.9% to 3,298p.
The FTSE 250 firm said the decline in net assets for the six months to 30 September, compared to a positive net asset value total return of 1.1% for the period, was primarily due to the payment in August of a special dividend amounting to £55m.

It said its net asset value per share total return was 1.1% for the six month period, and 11.9% for the 12 months to 30 September.

It confirmed a 4% increase to the interim dividend to 15.5p, on top of the special dividend totalling £55m paid during the period.

The company also confirmed the Sloane Club was sold for £80m post-period end.

A total of £84m was invested in the half-year, including £50m in fund drawdowns and subscriptions, while £104m was realised, including £51m for the sale of part of the investment in Cobehold.

Net cash stood at £143m as at 30 September.

"Our investment portfolio has delivered a 1.1% NAV per share total return in the six months, with positive contributions from the unquoted and funds pools," said chief executive Will Wyatt.

"During the period, the US dollar weakened against sterling, creating a drag on our performance.

"We have maintained a robust flow of income, totalling £19.8m for the six months, supporting a 4.0% increase in our interim dividend."

Wyatt said stock markets and asset prices remained at levels which, for a value-oriented investor such as Caledonia, offered "few opportunities" to deploy capital.

"We retain a healthy level of cash on our balance sheet, which was increased to over 12% of net assets by the sale of the Sloane Club.

"However, both quoted and unquoted markets remain fully priced and these conditions, aided by accommodative monetary policy, may remain for a considerable time."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CLDN Market Data

Currency UK Pounds
Share Price 3,670.00p
Change Today -5.00p
% Change -0.14 %
52 Week High 3,905.00
52 Week Low 3,215.00
Volume 8,474
Shares Issued 52.87m
Market Cap £1,940.50m
Beta 0.01
RiskGrade 108

CLDN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.99% below the market average50.99% below the market average50.99% below the market average50.99% below the market average50.99% below the market average
1.47% below the sector average1.47% below the sector average1.47% below the sector average1.47% below the sector average1.47% below the sector average
Price Trend
69.62% above the market average69.62% above the market average69.62% above the market average69.62% above the market average69.62% above the market average
76.97% above the sector average76.97% above the sector average76.97% above the sector average76.97% above the sector average76.97% above the sector average
Income
55.5% below the market average55.5% below the market average55.5% below the market average55.5% below the market average55.5% below the market average
15.9% below the sector average15.9% below the sector average15.9% below the sector average15.9% below the sector average15.9% below the sector average
Growth
82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average
75.94% above the sector average75.94% above the sector average75.94% above the sector average75.94% above the sector average75.94% above the sector average

CLDN Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-24 27-Jun-24
Paid 09-Jan-25 01-Aug-24
Amount 19.69p 51.47p

Trades for 02-Apr-2025

Time Volume / Share Price
10:17 925 @ 3,666.93p
10:16 27 @ 3,674.22p
10:13 922 @ 3,666.82p
10:06 100 @ 3,674.83p
10:05 18 @ 3,666.79p

CLDN Key Personnel

CEO Mathew Masters
Chair David Stewart
CFO Robert Memmott

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