Overseas childhood, Mod Langs Uni, 25+ years M East banking, now shuttling between UK, US and Spain, trying to earn a more or less honest crust investing.
Mainly UK shares, predominantly oilies + 'special situations'.
Hi all, AIUI, payout is by way of tender offer = capital gain , rather than income taxable dividend because it suits the Morstedt family tax position. This may contribute to CLI being somewhat 'below the radar' to investors, since it doesn't meet the conventional 'income generating' criterion. ATB
Hi VegPatch, I'm with you ! What's not to like ? 'Family-controlled', conservative, good FX/geographic spread, good-quality tenants etc etc. ATB
Hi dmjram, Maybe your criticism re 'big corporate retail backgrounds' is validated - and compensated - by their bringing back the former CEO Crawshaw...? ATB
Maybe it's got a bit ahead of itself ? For all the +% items, the s/p is currently -2.8%........so it seems somebody's not impressed. ATB
Hi Gus, S'pedia gives a stockrank of 49 (84, 52, 21), with a 'good' Piotroski score and a 'high' earnings manipulation risk. HTH and ATB