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Caledonia

Closed-end funds and OEICs
JuanDB
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Re: Caledonia

#267513

Postby JuanDB » November 26th, 2019, 9:14 pm

monabri wrote:I don't have all the divi info before year 2000 for Caledonia but based on a share price of £3.48 one can do some quick sums......


FYI, the AIC site is a great reference for IT dividend historical information. E.g https://www.theaic.co.uk/companydata/0P00008ZMA/overview/dividends

Cheers,

Juan

Steveam
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Re: Caledonia

#312575

Postby Steveam » May 27th, 2020, 10:03 am

Final results https://www.caledonia.com/rns/view/id/1720

Annual dividend up 3% Final 44.5p payable 6-August.

Very satisfactory.

Best wishes,

Steve

Dod101
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Re: Caledonia

#312609

Postby Dod101 » May 27th, 2020, 11:49 am

Thanks. Anyone looking solely at their portfolio would wonder what it is all about but it works and of course they have a lot of Revenue Reserves so the dividend should not be in doubt. Anyway the Cayzer family would not allow that so in all it is a good investment particularly for these times.

Good to see them establishing a fund to help out employees on furlough.

Dod

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Re: Caledonia

#312623

Postby scrumpyjack » May 27th, 2020, 12:16 pm

Dod101 wrote:Thanks. Anyone looking solely at their portfolio would wonder what it is all about but it works and of course they have a lot of Revenue Reserves so the dividend should not be in doubt. Anyway the Cayzer family would not allow that so in all it is a good investment particularly for these times.

Good to see them establishing a fund to help out employees on furlough.

Dod


Notable that this fund is also being financed by the directors personally and by the Cayzer Trust Company (Caledonia's largest shareholder)

Steveam
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Re: Caledonia

#359528

Postby Steveam » November 24th, 2020, 8:51 am

https://otp.investis.com/clients/uk/cal ... id=1430858

Half year report. Interim dividend +2.4% payable 7-Jan-2021. All seems very satisfactory.

Best wishes,

Steve

Dod101
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Re: Caledonia

#359541

Postby Dod101 » November 24th, 2020, 9:54 am

Thanks Steveam. These results show the value of a long term, well diversified approach. No drama, just get on with it.

Dod

scrumpyjack
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Re: Caledonia

#359582

Postby scrumpyjack » November 24th, 2020, 11:21 am

Also good that this trust is permanently on a huge discount due to the Cayzer family holding. We get more assets working for us and generating dividends and the possible bonus at some point of the discount unwinding.

Dod101
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Re: Caledonia

#359588

Postby Dod101 » November 24th, 2020, 11:31 am

scrumpyjack wrote:Also good that this trust is permanently on a huge discount due to the Cayzer family holding. We get more assets working for us and generating dividends and the possible bonus at some point of the discount unwinding.


You mean that the Cayzers might some day do what the Freshwater family did with Daejan and take it private? I hope not.

Dod

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Re: Caledonia

#359591

Postby scrumpyjack » November 24th, 2020, 11:35 am

I doubt they would do that, but it is possible some of the family might want to, or have to, realise their investment at some point and the size of the family holding reduce to a level which results in the discount unwinding. Anything could happen.

Dod101
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Re: Caledonia

#359592

Postby Dod101 » November 24th, 2020, 11:41 am

scrumpyjack wrote:I doubt they would do that, but it is possible some of the family might want to, or have to, realise their investment at some point and the size of the family holding reduce to a level which results in the discount unwinding. Anything could happen.


You may remember some years ago that the late Sir James Cayzer did a bit of stirring up along these lines and those in charge at the management office sharpened up their act no end. He used to live in rural Scotland not that far from me, and caused a bit of a stir from time to time when he would get his chauffer to take him in the Rolls for a spot of shopping at the local Tesco.

Dod

flyer61
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Re: Caledonia

#359603

Postby flyer61 » November 24th, 2020, 12:04 pm

Remember meeting him at a BoB cocktail do at RAF Leuchars. Immaculately turned out, proper old school!

Pleased with the results....

SoBo65
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Re: Caledonia

#360089

Postby SoBo65 » November 25th, 2020, 9:00 pm

The discount on CLDN does not concern me, it is quite clear why it exists unlike some trusts. I am happy to be a long term holder and consider it relatively low risk.

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Re: Caledonia

#360504

Postby Steveam » November 27th, 2020, 7:47 am

Caledonia have tendered their auditor requirements and will be switching to BDO from KPMG. I see this as routine but positive (the directors doing their job and not being in cahoots with long term auditors).

https://otp.investis.com/clients/uk/cal ... id=1431849

Best wishes,

Steve


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