CLS Holdings (CLI)

Sector:

Real Estate

Index:

FTSE Small Cap

86.10p
   
  • Change Today:
    -0.90p
  • 52 Week High: 145.80
  • 52 Week Low: 85.30
  • Currency: UK Pounds
  • Shares Issued: 397.41m
  • Volume: 276,191
  • Market Cap: £342.17m
  • RiskGrade: 119

CLS Holdings profits, revenues fall due to Covid pandemic

By Frank Prenesti

Date: Wednesday 11 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Commercial property investment company CLS Holdings reported lower interim profits and revenues on the back of a fall in valuations and higher vacancies due to the Covid-19 pandemic.
Pre-tax profit for the six months to June 30 fell to £24.7m from £31.5m a year earlier. Revenue slipped to £67.6m to £71.1m. An unchanged interim dividend of 2.35p a share was declared.

Contracted rent rose to £109.9m from £107.9m.

"We are hopeful we will see some improvements in the second half of the year as people continue to return to the office and our recent increased level of enquiries translates into letting deals," said chief executive Fredrik Widlund.

"Our first half 2021 performance has naturally been shaped by the pandemic with higher vacancy and stable property valuations. This was compounded by a strengthening of sterling which has resulted in lower NTA and earnings."

The company also unveiled its sustainability strategy, committing to reaching net-zero carbon emissions by 2030, among a range of other goals. It estimated it will need to invest a total of £58m over nine years to reach its target.

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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.

 

CLS Holdings Market Data

Currency UK Pounds
Share Price 86.10p
Change Today -0.90p
% Change -1.03 %
52 Week High 145.80
52 Week Low 85.30
Volume 276,191
Shares Issued 397.41m
Market Cap £342.17m
RiskGrade 119

CLS Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.53% above the market average91.53% above the market average91.53% above the market average91.53% above the market average91.53% above the market average
94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average
Price Trend
67.31% below the market average67.31% below the market average67.31% below the market average67.31% below the market average67.31% below the market average
90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average
Income
81.08% above the market average81.08% above the market average81.08% above the market average81.08% above the market average81.08% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average
Growth
58.89% below the market average58.89% below the market average58.89% below the market average58.89% below the market average58.89% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CLS Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 07-Sep-23
Paid 02-May-24 03-Oct-23
Amount 5.35p 2.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 39,896 @ 86.10p
16:35 8 @ 86.10p
16:35 458 @ 86.10p
16:35 122 @ 86.10p
16:35 336 @ 86.10p

CLS Holdings Key Personnel

CEO Fredrik Widlund
CFO Andrew Kirkman

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