Price Target Changed • May 06
Price target decreased by 16% to UK£0.64 Down from UK£0.77, the current price target is an average from 3 analysts. New target price is 29% above last closing price of UK£0.50. Stock is down 21% over the past year. The company posted a net loss per share of UK£0.13 last year. Duyuru • Apr 25
CLS Holdings plc Approves Final Dividend for the Year Ended 31 December 2025 CLS Holdings plc at its Annual General Meeting held on April 23, 2026, approved a final dividend for the year ended 31 December 2025 of 2.7 pence per ordinary share. Upcoming Dividend • Apr 02
Upcoming dividend of UK£0.027 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 22 May 2026. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (5.2%). Declared Dividend • Mar 16
Final dividend of UK£0.027 announced Shareholders will receive a dividend of UK£0.027. Ex-date: 9th April 2026 Payment date: 22nd May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 5.3%. Reported Earnings • Mar 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: UK£0.13 loss per share (improved from UK£0.24 loss in FY 2024). Revenue: UK£139.7m (down 8.0% from FY 2024). Net loss: UK£50.3m (loss narrowed 46% from FY 2024). Revenue exceeded analyst estimates by 47%. Earnings per share (EPS) missed analyst estimates by 110%. Revenue is expected to fall by 8.1% p.a. on average during the next 3 years compared to a 6.9% decline forecast for the Office REITs industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Duyuru • Mar 14
CLS Holdings plc, Annual General Meeting, Apr 23, 2026 CLS Holdings plc, Annual General Meeting, Apr 23, 2026. Duyuru • Mar 13
CLS Holdings plc Recommends Final Dividend for the Year Ended 31 December 2025, Payable on 22 May 2026 CLS Holdings plc recommended a final dividend of 2.70 pence per share for the year ended 31 December 2025, in line with the 2.68 pence final dividend declared in 2024. Ex-dividend date is 9 April 2026. Record date is 10 April 2026. Payment date is 22 May 2026. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 284% Cash payout ratio: 292% Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Price Target Changed • Jan 19
Price target decreased by 9.8% to UK£0.77 Down from UK£0.85, the current price target is an average from 3 analysts. New target price is 28% above last closing price of UK£0.60. Stock is down 19% over the past year. The company is forecast to post a net loss per share of UK£0.053 next year compared to a net loss per share of UK£0.24 last year. Duyuru • Nov 15
CLS Holdings plc to Report Fiscal Year 2025 Results on Mar 13, 2026 CLS Holdings plc announced that they will report fiscal year 2025 results on Mar 13, 2026 Duyuru • Oct 08
Values Real Estate acquired medical center at Jarrestraße 8-10 in Hamburg from CLS Holdings plc (LSE : CLI). Values Real Estate acquired medical center at Jarrestraße 8-10 in Hamburg from CLS Holdings plc (LSE : CLI) on September 1, 2025.
Values Real Estate completed the acquisition of medical center at Jarrestraße 8-10 in Hamburg from CLS Holdings plc (LSE : CLI) on September 1, 2025. Upcoming Dividend • Aug 29
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 02 October 2025. Trailing yield: 8.8%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (5.1%). Declared Dividend • Aug 15
First half dividend reduced to UK£0.013 Dividend of UK£0.013 is 50% lower than last year. Ex-date: 4th September 2025 Payment date: 2nd October 2025 Dividend yield will be 6.5%, which is higher than the industry average of 5.3%. Reported Earnings • Aug 14
First half 2025 earnings released: UK£0.061 loss per share (vs UK£0.15 loss in 1H 2024) First half 2025 results: UK£0.061 loss per share (improved from UK£0.15 loss in 1H 2024). Revenue: UK£71.9m (down 7.6% from 1H 2024). Net loss: UK£24.4m (loss narrowed 60% from 1H 2024). Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jun 13
Price target decreased by 17% to UK£0.90 Down from UK£1.08, the current price target is an average from 3 analysts. New target price is 38% above last closing price of UK£0.65. Stock is down 24% over the past year. The company posted a net loss per share of UK£0.24 last year. Duyuru • Jun 06
Barings (U.K.) Limited and Rosethorn Capital Partners completed the acquisition of Student accommodation at Spring Mews OF CLS Holdings plc from CLS Holdings plc (LSE:CLI). Barings (U.K.) Limited and Rosethorn Capital Partners agreed to acquire Student accommodation at Spring Mews OF CLS Holdings plc from CLS Holdings plc (LSE:CLI) for approximately £100 million on March 27, 2025. Consequently, on completion of the Spring Mews sale, the disposal proceeds will be used to repay £85.8 million of debt for the two properties being substituted into the Aviva Investors portfolio.
The sale will be completed in May 2025 when the remaining consideration will be paid.
Jamie Richards and David Watkins of Panmure Liberum Limited acted as financial advisor for CLS Holdings plc. Carl Gough and Harry Nicholas of Joh. Berenberg, Gossler & Co. KG, London Branch acted as financial advisor for CLS Holdings plc.
Barings (U.K.) Limited and Rosethorn Capital Partners completed the acquisition of Student accommodation at Spring Mews OF CLS Holdings plc from CLS Holdings plc (LSE:CLI) June 5, 2025. Duyuru • May 17
CLS Holdings plc Approves Final Dividend for the Year Ended 31 December 2024 CLS Holdings plc announced that at its AGM held on May 16, 2025 Approved a final dividend for the year ended 31 December 2024 of 2.68 pence per ordinary share. Price Target Changed • May 13
Price target decreased by 9.7% to UK£1.08 Down from UK£1.20, the current price target is an average from 3 analysts. New target price is 80% above last closing price of UK£0.60. Stock is down 36% over the past year. The company posted a net loss per share of UK£0.24 last year. Duyuru • Apr 03
CLS Holdings plc Recommends Final Dividend, Payable on 23 May 2025 The Board of CLS Holdings plc has recommended a final dividend of 2.68 pence per ordinary share with the following dividend timetable: Ex-Dividend date is 10 April 2025. Record date is 11 April 2025. Payment date is 23 May 2025. Reported Earnings • Apr 02
Full year 2024 earnings released: UK£0.24 loss per share (vs UK£0.63 loss in FY 2023) Full year 2024 results: UK£0.24 loss per share (improved from UK£0.63 loss in FY 2023). Revenue: UK£151.9m (up 2.2% from FY 2023). Net loss: UK£93.6m (loss narrowed 63% from FY 2023). Revenue is expected to fall by 1.7% p.a. on average during the next 2 years compared to a 2.8% decline forecast for the Office REITs industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Duyuru • Apr 01
CLS Holdings plc, Annual General Meeting, May 16, 2025 CLS Holdings plc, Annual General Meeting, May 16, 2025. Duyuru • Feb 24
CLS Holdings plc Announces Retirement of Bengt Mortstedt from the Board, Effective 28 February 2025 CLS Holdings plc announced that Bengt Mortstedt (age 76) has decided to retire from the Board with effect from 28 February 2025 to spend more time with his family and on his own hotel business in the Caribbean. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Duyuru • Feb 09
Cls Holdings plc Announces Updated Redevelopment Plans for Spring Gardens CLS announced an update on its redevelopment plans for Citadel Place (currently known as Spring Gardens) in Vauxhall, London. CLS has owned this strategic site in Zone 1 since the Group first developed it as offices in the early 1990s. Citadel Place now provides a unique opportunity to build on the regeneration of this part of Vauxhall by bringing forward a scheme which is wholly residential led. Working closely with renowned architectural firm Allies and Morrison and the London Borough of Lambeth, the design work is moving forward at pace. In addition to being at the forefront of sustainable design, the development will also seek to ensure that it blends in well with its vibrant surroundings and takes full advantage of Vauxhall's excellent transport links. The target date for the planning submission is Quarter two of 2025 and the revised redevelopment proposals include: Residential homes: the scheme will provide in the region of 500 homes across three blocks. The tallest of these will extend to 22 storeys, providing excellent views across London; Shared amenity spaces: Residents and visitors will enjoy communal spaces designed for relaxation, recreation and social interaction; Active ground floor uses: Retail units and other ground-floor spaces will contribute to the vibrancy of the development and provide a place for people to meet; New open space: Citadel Place will feature landscaped areas, including play spaces, enhancing the quality of life for residents; and Connected pedestrian routes: a new pedestrian route will be created to access the local green spaces and local amenities, encouraging movement and interaction. Reported Earnings • Aug 12
First half 2024 earnings released: UK£0.15 loss per share (vs UK£0.26 loss in 1H 2023) First half 2024 results: UK£0.15 loss per share (improved from UK£0.26 loss in 1H 2023). Revenue: UK£77.8m (up 7.6% from 1H 2023). Net loss: UK£61.1m (loss narrowed 41% from 1H 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 09
First half dividend of UK£0.026 announced Shareholders will receive a dividend of UK£0.026. Ex-date: 5th September 2024 Payment date: 2nd October 2024 Dividend yield will be 8.8%, which is higher than the industry average of 5.3%. Duyuru • Aug 07
CLS Holdings plc Declares Interim Dividend, Payable on 2 October 2024 Board of CLS Holdings plc declared an interim dividend of 2.60 pence per ordinary share, the Company confirmed its dividend timetable as follows: Announcement Date is 7 August 2024. Ex-Dividend Date is 5 September 2024. Record Date is 6 September 2024. Payment Date is 2 October 2024. Price Target Changed • Jul 11
Price target decreased by 8.3% to UK£1.20 Down from UK£1.31, the current price target is an average from 4 analysts. New target price is 29% above last closing price of UK£0.93. Stock is down 35% over the past year. The company posted a net loss per share of UK£0.63 last year. Upcoming Dividend • Mar 14
Upcoming dividend of UK£0.053 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 02 May 2024. Trailing yield: 8.8%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (5.4%). Reported Earnings • Mar 11
Full year 2023 earnings released: UK£0.63 loss per share (vs UK£0.20 loss in FY 2022) Full year 2023 results: UK£0.63 loss per share (further deteriorated from UK£0.20 loss in FY 2022). Revenue: UK£148.7m (up 6.4% from FY 2022). Net loss: UK£249.8m (loss widened 205% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.9% decline forecast for the Office REITs industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Declared Dividend • Mar 08
First half dividend of UK£0.053 announced Dividend of UK£0.053 is the same as last year. Ex-date: 21st March 2024 Payment date: 2nd May 2024 Dividend yield will be 8.5%, which is higher than the industry average of 5.3%. New Risk • Feb 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Feb 21
Price target decreased by 8.8% to UK£1.37 Down from UK£1.50, the current price target is an average from 4 analysts. New target price is 47% above last closing price of UK£0.93. Stock is down 37% over the past year. The company posted a net loss per share of UK£0.20 last year. New Risk • Dec 21
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buying Opportunity • Dec 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be UK£1.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 9.8% in a year. Earnings is forecast to grow by 81% in the next year. Price Target Changed • Nov 30
Price target decreased by 11% to UK£1.50 Down from UK£1.69, the current price target is an average from 4 analysts. New target price is 57% above last closing price of UK£0.95. Stock is down 39% over the past year. The company posted a net loss per share of UK£0.20 last year. Duyuru • Sep 25
CLS Holdings plc Announces Board Changes CLS Holdings plc announced the appointment of Eva Lindqvist as an independent non-executive director with effect from 22 September 2023. She has also been appointed to the company's audit and remuneration committees. Eva spent 20 years with Ericsson in progressively senior roles, focusing on strategy, business development and international sales. In 2000 she joined the Scandinavian telecommunications company Telia Sonera, being Senior Vice President, Marketing Products and Services for its mobile telecoms division, before becoming Chief Executive of Telia Sonera's international carrier. In 2007, she was appointed CEO of Xelerated Holdings AB where she held the position until 2011. She is current a non-executive director of Tele2 AB; Greencoat Renewables plc, where she is a member of their Audit, Management Engagement, Nomination and Remuneration Committees; Keller Group plc, where she chairs the Remuneration Committee and is a member of the Audit and Risk, Nomination and Governance and Sustainability Committees. She is a member of the Royal Swedish Academy of Engineering Sciences. The company further announced that Denise Jagger, non-executive director, will step down from the board on 31 December 2023, at which point Eva will become Chair of the Remuneration Committee. Recent Insider Transactions • Sep 14
Non-Executive Deputy Chair of the Board recently bought UK£757k worth of stock On the 8th of September, Anna Seeley bought around 600k shares on-market at roughly UK£1.26 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth UK£2.5m. Anna has been a buyer over the last 12 months, purchasing a net total of UK£10m worth in shares. Recent Insider Transactions • Sep 06
Non-Executive Deputy Chair of the Board recently bought UK£2.5m worth of stock On the 1st of September, Anna Seeley bought around 2m shares on-market at roughly UK£1.26 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£9.6m worth in shares. Upcoming Dividend • Aug 31
Upcoming dividend of UK£0.026 per share at 6.3% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 03 October 2023. Trailing yield: 6.3%. Within top quartile of British dividend payers (6.3%). Higher than average of industry peers (5.4%). Recent Insider Transactions • Aug 21
Non-Executive Deputy Chair of the Board recently bought UK£2.6m worth of stock On the 18th of August, Anna Seeley bought around 2m shares on-market at roughly UK£1.30 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£7.2m worth in shares. Reported Earnings • Aug 10
First half 2023 earnings released: UK£0.26 loss per share (vs UK£0.045 profit in 1H 2022) First half 2023 results: UK£0.26 loss per share (down from UK£0.045 profit in 1H 2022). Revenue: UK£72.3m (up 5.9% from 1H 2022). Net loss: UK£104.1m (down UK£122.4m from profit in 1H 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Duyuru • Aug 03
CLS Holdings plc to Report Q2, 2023 Results on Aug 09, 2023 CLS Holdings plc announced that they will report Q2, 2023 results on Aug 09, 2023 Recent Insider Transactions • Jul 05
Non-Executive Deputy Chair of the Board recently bought UK£1.4m worth of stock On the 29th of June, Anna Seeley bought around 1m shares on-market at roughly UK£1.35 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£4.6m worth in shares. Recent Insider Transactions • Jun 26
Non-Executive Deputy Chair of the Board recently bought UK£1.3m worth of stock On the 22nd of June, Anna Seeley bought around 1m shares on-market at roughly UK£1.34 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£3.3m worth in shares. Recent Insider Transactions Derivative • Jun 11
CEO & Director exercised options and sold UK£87k worth of stock On the 7th of June, Fredrik Widlund exercised options to acquire 63k shares at no cost and sold these for an average price of UK£1.39 per share. This trade did not impact their existing holding. For the year to December 2016, Fredrik's total compensation was 80% salary and 20% non-salary. Since September 2022, Fredrik's direct individual holding has decreased from 683.72k shares to 56.44k. Company insiders have collectively bought UK£4.9m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 07
Non-Executive Deputy Chair of the Board recently bought UK£2.5m worth of stock On the 2nd of June, Anna Seeley bought around 2m shares on-market at roughly UK£1.37 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£4.4m worth in shares. Recent Insider Transactions • May 16
CEO & Director recently bought UK£61k worth of stock On the 11th of May, Fredrik Widlund bought around 46k shares on-market at roughly UK£1.33 per share. This transaction increased Fredrik's direct individual holding by 4x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£1.9m. Fredrik has been a buyer over the last 12 months, purchasing a net total of UK£126k worth in shares. Recent Insider Transactions • Apr 20
Non-Executive Director recently bought UK£72k worth of stock On the 13th of April, Bengt Mortstedt bought around 53k shares on-market at roughly UK£1.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£1.9m. Insiders have collectively bought UK£2.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 27
Non-Executive Deputy Chair of the Board recently bought UK£1.9m worth of stock On the 22nd of March, Anna Seeley bought around 1m shares on-market at roughly UK£1.33 per share. This transaction increased Anna's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anna has been a buyer over the last 12 months, purchasing a net total of UK£1.9m worth in shares. Upcoming Dividend • Mar 16
Upcoming dividend of UK£0.053 per share at 5.7% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 02 May 2023. Trailing yield: 5.7%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (4.7%). Recent Insider Transactions Derivative • Mar 13
CEO & Director exercised options and sold UK£63k worth of stock On the 9th of March, Fredrik Widlund exercised options to acquire 44k shares at no cost and sold these for an average price of UK£1.45 per share. This trade did not impact their existing holding. For the year to December 2016, Fredrik's total compensation was 54% salary and 46% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Fredrik's direct individual holding has decreased from 686.42k shares to 9.30k. Company insiders have collectively bought UK£497k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings released: UK£0.21 loss per share (vs UK£0.29 profit in FY 2021) Full year 2022 results: UK£0.21 loss per share (down from UK£0.29 profit in FY 2021). Revenue: UK£139.7m (flat on FY 2021). Net loss: UK£81.9m (down 169% from profit in FY 2021). Net asset value (NAV) per share: UK£3.07 (down 5.9% from FY 2021). The current share price is 55% lower than NAV per share. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the REITs industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Bill John Holland was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Nov 04
Price target decreased to UK£2.09 Down from UK£2.40, the current price target is an average from 4 analysts. New target price is 46% above last closing price of UK£1.44. Stock is down 35% over the past year. The company posted earnings per share of UK£0.29 last year. Recent Insider Transactions • Oct 05
CFO & Director recently bought UK£154k worth of stock On the 3rd of October, Andrew Michael Kirkman bought around 110k shares on-market at roughly UK£1.40 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andrew Michael's only on-market trade for the last 12 months. Duyuru • Oct 04
CLS Holdings plc to Report Fiscal Year 2022 Results on Mar 08, 2023 CLS Holdings plc announced that they will report fiscal year 2022 results on Mar 08, 2023 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to UK£1.37, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 11x in the Real Estate industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£0.93 per share. Upcoming Dividend • Sep 01
Upcoming dividend of UK£0.026 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 25% and the cash payout ratio is 77%. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.4%). Price Target Changed • Aug 31
Price target decreased to UK£2.40 Down from UK£2.65, the current price target is an average from 2 analysts. New target price is 28% above last closing price of UK£1.87. Stock is down 22% over the past year. The company is forecast to post earnings per share of UK£0.27 for next year compared to UK£0.29 last year. Price Target Changed • Aug 15
Price target decreased to UK£2.59 Down from UK£2.81, the current price target is an average from 2 analysts. New target price is 23% above last closing price of UK£2.10. Stock is down 17% over the past year. The company is forecast to post earnings per share of UK£0.27 for next year compared to UK£0.29 last year. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£8.80m from profit in 1H 2021). Profit margin: (down from 17% in 1H 2021). Over the next year, revenue is expected to shrink by 12% compared to a 15% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from UK£0.23 to UK£0.27. Revenue forecast steady at UK£128.0m. Net income forecast to shrink 19% next year vs 5.7% decline forecast for Real Estate industry in the United Kingdom. Consensus price target of UK£2.91 unchanged from last update. Share price rose 3.5% to UK£2.23 over the past week. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bill John Holland was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from UK£148.0m to UK£129.0m. EPS estimate unchanged from UK£0.23 per share at last update. Real Estate industry in the United Kingdom expected to see average net income growth of 4.1% next year. Consensus price target of UK£2.91 unchanged from last update. Share price was steady at UK£2.08 over the past week. Recent Insider Transactions Derivative • Mar 23
CEO & Director exercised options and sold UK£70k worth of stock On the 17th of March, Fredrik Widlund exercised options to acquire 35k shares at no cost and sold these for an average price of UK£2.02 per share. This trade did not impact their existing holding. For the year to December 2015, Fredrik's total compensation was 61% salary and 39% non-salary. Since June 2021, Fredrik's direct individual holding has increased from 556.29k shares to 686.42k. Company insiders have collectively bought UK£194k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 17
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: UK£0.29 (up from UK£0.19 in FY 2020). Revenue: UK£108.0m (down 23% from FY 2020). Net income: UK£119.5m (up 54% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 762%. Over the next year, revenue is forecast to grow 35% compared to a 5.8% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 27
Independent Non-Executive Chairman recently bought UK£89k worth of stock On the 25th of January, Lennart Sten bought around 40k shares on-market at roughly UK£2.22 per share. In the last 3 months, there was an even bigger purchase from another insider worth UK£103k. Lennart has been a buyer over the last 12 months, purchasing a net total of UK£183k worth in shares. Recent Insider Transactions • Dec 24
CEO & Director recently bought UK£103k worth of stock On the 20th of December, Fredrik Widlund bought around 50k shares on-market at roughly UK£2.07 per share. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of UK£363k worth in shares. Reported Earnings • Aug 13
First half 2021 earnings released: EPS UK£0.022 (vs UK£0.053 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£52.3m (down 7.4% from 1H 2020). Net income: UK£8.80m (down 59% from 1H 2020). Profit margin: 17% (down from 38% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 06
CEO & Director recently bought UK£57k worth of stock On the 4th of May, Fredrik Widlund bought around 23k shares on-market at roughly UK£2.47 per share. In the last 3 months, there was an even bigger purchase from another insider worth UK£111k. Fredrik has been a buyer over the last 12 months, purchasing a net total of UK£183k worth in shares. Recent Insider Transactions Derivative • Apr 09
CFO & Director exercised options and sold UK£61k worth of stock On the 6th of April, Andrew Michael Kirkman exercised options to acquire 26k shares at no cost and sold these for an average price of UK£2.32 per share. This trade did not impact their existing holding. Since June 2020, Andrew Michael's direct individual holding has increased from 191.73k shares to 292.40k. Company insiders have collectively bought UK£98k more than they sold, via options and on-market transactions, in the last 12 months.