Overview
Caledonia Investments is a self-managed investment trust. It was acquired by the Cayzer family in 1951 as a holding company for their shipping interests and morphed over the years into the family investment trust – they still own a large percentage of the shares and have a large influence on the fund’s investment policy. Caledonia owns a globally diversified range of quoted and unquoted equities and funds and stresses its long-term approach to managing money with an emphasis on providing development capital for growing businesses.
The fund’s website can be found here.
Fundamentals
Price
Research History
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08 Jun 2020
QuotedData’s Economic Roundup – June 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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06 Dec 2019
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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19 Dec 2018
QuotedData's economic roundup - December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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16 Oct 2018
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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14 Sep 2018
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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11 Jun 2018
QuotedData's Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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10 Nov 2017
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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12 Jul 2017
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 Dec 2016
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
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27 Oct 2016
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
News
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01 Mar 2021
Greencoat Renewables recaps on a big year of growth
Greencoat Renewables (GRP) reported final results for the year to 31 December 2020, with key highlights from the year including the following: 2020 Generation increased by 22% to 1,404GWh, 3 per cent below budget. (2019: 1,154GWh) 2020 Net cash generation increased by 36% to €66.4 million (2019: €48.7million) Dividend cover for 2020 of 1.7x Increased the portfolio […]
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07 Mar 2019
Caledonia Investments acquires minority stake in BioAgilytix
Caledonia Investments acquires minority stake in BioAgilytix – Caledonia has invested a minority stake in US-based pharmaceutical services business BioAgilytix, which specialises in bioanalytical testing solutions for molecule research and development. Caledonia has invested alongside Cobepa (a Belgium and US-based investment company), which it has a 5% shareholding in. BioAgilytix has offices in Raleigh, North […]
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21 Dec 2018
Caledonia buys Stonehage Fleming stake
Caledonia buys Stonehage Fleming stake – Caledonia Investments plc has agreed terms to acquire a minority stake in Stonehage Fleming Family & Partners Ltd, one of the world’s leading independently owned family offices. Stonehage Fleming was formed in 2015 and is the largest family office in EMEA and the second largest non-bank provider of family office […]
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23 Oct 2018
Caledonia selling Choice Care Group
Caledonia selling Choice Care Group – Caledonia Investments is selling Choice Care Group, a provider of residential and supported living services for people with learning disabilities and mental health conditions, to iCON Infrastructure Partners, IV L.P., a fund advised by iCON Infrastructure LLP, an independent infrastructure investment group with approximately EUR2.5bn of assets under management. Choice was […]
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15 Oct 2018
Caledonia acquires Deep Sea Electronics
Caledonia acquires Deep Sea Electronics – Caledonia Investments (CLDN) has announced that it has acquired a majority stake in Deep Sea Electronics Ltd (DSE) The transaction values DSE at £162.0m. About DSE DSE is a UK based designer and manufacturer of controllers for diesel-powered electricity generators and intelligent battery chargers and is described in the announcement as world leading in this […]
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01 Aug 2018
Caledonia adds to investment in 7IM to complete acquisition of TCAM
Caledonia adds to investment in 7IM to complete acquisition of TCAM – Seven Investment Management has been able to complete the acquisition Of TCAM with the backing of a further £14.0 injection of cash from Caledonia Investments (CLDN) Seven Investment Management (7IM) is an investee company of Caledonia. Prior to the transaction, 7IM was Calidonia’s second largest position at approximately […]
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13 Jul 2018
Caledonia buys Cooke Optics
Caledonia buys Cooke Optics – Caledonia Investments has acquired a majority stake in Cooke Optics Group, the UK manufacturer of premium-end cinematography lenses for the film, television and advertising industries, in a transaction which values the business at GBP96.5m. Founded as a lens manufacturer in 1886, Cooke has been at the centre of the film making business […]
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30 Oct 2017
Caledonia sells the Sloane Club
Caledonia sells the Sloane Club – Caledonia Investments has today sold its 100% interest in The Sloane Club, the private members club located in the heart of Chelsea, London, to Sloane Investment Limited, a special purpose vehicle jointly owned by JK Chelsea Holdings Limited, an affiliate of the Queensway Group, and Clearbell Property Partners III […]
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15 Aug 2017
Weaker H1 for Caledonia as mine focuses on essential reconfiguration to facilitate longer-term growth
Caledonia Mining has reported comprehensive H1 2017 earnings of US$4.2m against US$5.4m for the same period of 2016. EPS was US27.6c against US38.3c a year earlier, a decrease of 28%. Adjusted EPS was US45.7c against US43.0c in H1 2016. Net profit attributable to Caledonia’s shareholders decreased from US$4.2m in H1 2016 to US$3.0m in H1 […]
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04 Jul 2017
Caledonia Mining increases quarterly dividend
Caledonia Mining has declared a quarterly dividend of US6.875c per share, a fivefold increase from the US1.375c per share declared in previous quarters. The increase reflects the recent 5-for-1 share consolidation, meaning that the overall aggregate dividend amount is maintained. The company expects to maintain the dividend at this quarterly rate, which represents an indicative […]
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30 Jun 2017
Caledonia Investments reduces holding Cobehold realising €58.2m
Caledonia Investments has announced that it has reduced its holding in Cobehold SA (Cobehold) from 8.7% to 5.4%, realising €58.2m. As a result of a forward foreign exchange contract previously put in place to hedge the proceeds from the anticipated sale, Caledonia says it will receive £50.6m. Cobehold is the holding company of Cobepa SA, […]
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25 May 2017
Caledonia to pay £1 special dividend
Caledonia’s net asset value per share total return was 18.0% for the year ended 31 March 2017, following 2.6% for the previous year. All four of its investment pools produced double digit returns. Investment income for the year was GBP47.3m, a fall of GBP3.4m compared with the unusually high level of the previous year. Additionally, following […]
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10 May 2017
Caledonia lowers Blanket production guidance for 2017
Caledonia Mining has lowered its gold production guidance for 2017 from 60koz to 52-57koz. The company cites lack of capacity underground to transport material while capital development to achieve the long-term goal of 80koz of gold production is underway. Management has concluded that, in the long term interests of the business, the 2017 production tonnage […]
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11 Jan 2017
Caledonia Mining record quarterly and annual gold production
Caledonia Mining (CMCL:AIM) (CAL:TSX) The company produced approximately 13,591 oz of gold in Q4 2016 from its 49% owned subsidiary, the Blanket Gold Mine in Zimbabwe. Production represented an 18% increase over Q4 2015 and a 1.2% increase over Q3, 2016. Full year production was approximately 50,351 oz of gold, which set a new record, […]
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19 Dec 2016
Caledonia sells its stake in Park Holidays UK for £197m in cash
Caledonia Investments has announced that it has agreed terms for the sale of Park Holidays UK, reportedly the UK’s third largest holiday park operator, to Tiger Bidco Limited, a special purpose vehicle incorporated by Intermediate Capital Group plc, for a headline enterprise value of £362m. Caledonia says that it will receive £197m in cash, net […]
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24 Nov 2016
Caledonia returns 6.7% in first half
Caledonia says its investment portfolio has delivered a 6.7% NAV total return in the six months ended 30 September 2016. They benefited from holding dollar and euro denominated investments following the devaluation of sterling. Income totalled GBP20.3m for the half year. This is slightly lower than the comparable period in 2015, which included a one-off […]
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14 Nov 2016
Caledonia Mining’s quarterly EPS up 59%
Caledonia Mining has reported adjusted EPS of US4.4c for Q3 16, a 59% increase on Q3 15, taking EPS for the year to date to US13.0c, from US7.2c in 2015. The improved performance comes on the back of a 23% increase year-on-year in gold production at the Blanket mine to 13.4koz, taking the total for […]
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01 Aug 2016
Caledonia upgrades and expands gold resources at Blanket mine
Caledonia Mining has updated gold resources at its 49%-owned Blanket mine, in Zimbabwe, after a six-month drilling programme in the deeper areas of the mine. It has upgraded 343 kt from Inferred to Indicated, bringing a total of 48 koz of gold into the higher confidence category, and has added 1.28 Mt of new Inferred […]
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06 Jul 2016
Caledonia buys Liberation pubs and drinks business
Caledonia Investments has announced that it has agreed terms to acquire The Liberation Group Limited, the Channel Islands’ market leading pub, restaurant and drinks business, from LGV Capital, part of Legal & General Capital, the principal investment arm of Legal & General Group, in a transaction which values Liberation at GBP118m. Led by Chief Executive […]
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19 May 2016
Caledonia sticking to its strategy
Caledonia delivered a positive net asset value per share total return of 2.6% for the year ended 31 March 2016, compared with 14.2% for the previous year. Over the year, the FTSE All-Share Total Return fell by 3.9%, though the S&P 500 remained flat. The Chairman emphasises though that they do not seek to benchmark performance […]
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03 May 2016
Caledonia sells Bowers & Wilkins
Caledonia Investments has announced that it has sold its 20% stake in B&W Group Limited (“Bowers & Wilkins”), the designer, manufacturer and distributor of high-end audio equipment, for the sterling equivalent of £24m in cash, together with payment of an accrued dividend of £0.5m, as part of the wider sale of Bowers & Wilkins to EVA […]
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21 Dec 2015
Caledonia completes Gala Bingo acquisition
On 26 October 2015, Caledonia Investments announced that it had agreed to acquire Gala Bingo Holdings Limited, the UK’s largest retail bingo operator, from Gala Coral Group, in a transaction which valued the business at £241m. The acquisition was conditional on change of control approval by the Gambling Commission, which has now been granted, and […]
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19 Nov 2015
Caledonia bolstered by the performance of its unquoteds
Caledonia Investments has released its interim report for the six-months ended 30 September 2015. During the period, the company’s NAV total return per share was -3.8%. The share price also fell (4.4%) and, at the half-year end, the discount was 21.0%, slightly improved on the 21.5% at the beginning of the period. The company says […]
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26 Oct 2015
Caledonia buys Gala Bingo
Caledonia Investments has agreed terms to acquire Gala Bingo Holdings Limited (“Gala Bingo”), the UK’s largest retail bingo operator, from Gala Coral Group Limited (“Gala Coral”) in a transaction which values the business at £241m. Led by Chief Executive Officer, Simon Wykes, and Chief Finance Officer, Alex Wood, Gala Bingo has a 38% share of […]
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28 Sep 2015
Caledonia Investments sells TGE Marine for €106.9m
Caledonia Investments has announced the sale of is 67.9% equity stake in TGE Marine for €106.9m (£78.7m) net of transaction expenses. TGE provides engineering, procurement and construction supervision solutions to the global cryogenic gas markets. This includes the design and supply of gas carriers, fuel gas systems and offshore units. It specialises in cargo handling […]
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13 Aug 2015
Caledonia's earnings hit by higher costs and lower gold price
Caledonia Mining’s earnings fell 59% to Canadian cents 3.4/share in H1 2015 (adjusted: Canadian cents 5.2/share), as gold production at its 49%-owned Blanket mine, in Zimbabwe, dipped to 20.4 koz (H1 2015: 21.5 koz), AISC rose 11%, to US$984/oz, and the gold price received was lower at US$1,187/oz gold. Costs rose as a result of […]
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22 Jun 2015
Caledonia buys 7 investment management
Caledonia is buying a majority stake in 7 investment management in a deal that values the business at £100m. 7IM was established in 2002 by its co-founders, Chief Executive Officer, Tom Sheridan, and Head of Corporate Development, Justin Urquhart Stewart, along with their Chief Finance Officer, Charles Sparrow, and has grown from its seven founder […]
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27 May 2015
Caledonia posts good results on back of unquoteds and funds
Caledonia’s net assets value total return over the year ended 31 March 2015 was 14.2%. They aim to generate returns of RPI+3% to RPI+6% per annum over a ten year period The dividend was increased by 3.1% to 50.6p marking the 48th year of consecutive dividend increases. The portfolio, before management expenses and other net […]
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02 Dec 2014
The alternative plays in investment trusts
Source: http://www.moneymarketing.co.uk/news-and-analysis/analysis/the-alternative-plays-in-investment-trusts/2016533.article Income-seeking investors would do well to look at the alternative plays on offer in the investment companies space, such as renewable energy and asset leasing With interest rates held so low for so long, it is not surprising investors have been looking for alternative ways to generate income. That search is only set to […]
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25 Nov 2014
Caledonia sitting on sizeable war chest
CLDN : Caledonia sitting on sizeable war chest Caledonia’s net asset value rose by 4.6% in total return terms over the half year to the end of September 2014. The interim dividend was increased from 13.4p to 13.8p. Caledonia, which organises its portfolio into a number of discrete pools, says that the growth came from the […]
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28 May 2014
Caledonia Investments : CLDN - final results
Caledonia Investments‘ numbers for the year ended 31 March 2014 show a 14.9% total return on net asset value. The dividend was increased from 47.2p to 49.1p. Notable transactions in the portfolio included the disposals of Amber Chemicals and Oval, the insurance broker, and the acquisition of Park Holidays and Choice Care Homes. Notable contributors to […]
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01 Apr 2014
Caledonia Investments : CLDN - disposal
Caledonia Investments has sold its investment in The Amber Chemical Company for £23m – well up on its £15.2m book value as at the end of September 2013.
