The H2 update confirmed that trading has been in line with strategy and market expectations which should underpin investor confidence. CLS confirms that it currently has £185m of liquid resources, plus c£50m of undrawn credit facilities that offer optionality in a market that seems to be favouring cash buyers. We retain our Buy rating on this attractive and well-run company that trades at a c20% discount to EPRA NAV.

21 Nov 2019
Market uncertainty offers opportunity

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Market uncertainty offers opportunity
CLS Holdings plc (CLI:LON) | 130 -0.3 (-0.2%) | Mkt Cap: 516.0m
- Published:
21 Nov 2019 -
Author:
Andy Murphy -
Pages:
3 -
The H2 update confirmed that trading has been in line with strategy and market expectations which should underpin investor confidence. CLS confirms that it currently has £185m of liquid resources, plus c£50m of undrawn credit facilities that offer optionality in a market that seems to be favouring cash buyers. We retain our Buy rating on this attractive and well-run company that trades at a c20% discount to EPRA NAV.