Caledonia Investments
CLDN · Main Market · Financial Services · mcap £1,872m · 369.5p 2 open situations →
Open · 2
Discount to NAV
Follows from Stonehage Fleming sale – First reinvestment completed in Blue Diamond
Caledonia's discount to NAV was 43.4% at year end and 37.1% at end April, and it has bought back shares to address it (£34.6m, 9.47m shares cancelled at a 34.7% average discount). On 30 September 2026 it gave Peel Hunt an irrevocable instruction to buy and cancel shares from 1 October to 9 November 2026, ahead of the half-year results.
- Discount
- 43.4% at year end; 37.1% at end April 30 Sep 2026 ↗
- Prior buybacks
- £34.6m, 9.47m shares cancelled at 34.7% average discount 30 Sep 2026 ↗
- Instruction
- Irrevocable, given to Peel Hunt on 30 September 2026; shares bought are cancelled 30 Sep 2026 ↗
- Window
- 1 October to 9 November 2026 30 Sep 2026 ↗
- Next milestone
- Half-year results on 10 November 2026 30 Sep 2026 ↗
Next: Half-year results for six months to 30 September 2026 · 10 Nov 2026
- 30 Sep 2026 New buyback instruction running 1 Oct to 9 Nov
- 19 May 2026 Discount 43.4% at year end, 37.1% end April
Stonehage Fleming sale
Led to Discount to NAV – New buyback instruction running 1 Oct to 9 Nov
After the £290m Stonehage Fleming exit completed on 1 June, Caledonia agreed on 17 June to put about £60m into Blue Diamond. That investment completed on 3 July, so about £60m is deployed. Up to £40m of follow-on capital is available over five years.
- Stonehage proceeds
- £290m cash, net of transaction expenses, at completion
- First reinvestment
- £60m in Blue Diamond, completed 3 July 2026
- Follow-on capital
- up to £40 million over five years, subject to agreed conditions
- 19 May 2026 Agreed; still shown as expected proceeds, not completed
- 25 Nov 2025 Sale agreed 2 September 2025; awaiting completion
Closed · 1
Company filings. Not investment advice.