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Caledonia Investments (GB:CLDN)
LSE:CLDN

Caledonia Investments (CLDN) AI Stock Analysis

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GB:CLDN

Caledonia Investments

(LSE:CLDN)

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Outperform 76 (OpenAI - 5.2)
Rating:76Outperform
Price Target:
380.00p
▲(0.00% Upside)
Action:ReiteratedDate:12/30/25
The score is driven primarily by strong underlying financial quality (especially the low-leverage balance sheet) and a supportive valuation (low P/E with a moderate yield). The latest earnings update was constructive with solid returns and strong liquidity, while the main offset is volatility in earnings/cash flow and only neutral-to-mild technical momentum.
Positive Factors
Balance Sheet Strength
Very low leverage and a large equity base give Caledonia durable financial resilience. Low debt reduces refinancing and solvency risk across cycles, lets management hold illiquid positions longer, and supports steady capital allocation and dividend policy over the medium term.
Liquidity & Financial Flexibility
Substantial cash plus a large undrawn facility provide dry powder for opportunistic deployments and protect against forced disposals. This flexibility underpins the long-term investment strategy and allows disciplined capital deployment through different market phases.
Proven Realizations & Private Returns
Achieving a 3.2x multiple on a major private exit demonstrates Caledonia's ability to create and crystallize value in private holdings. Successful realizations both validate the investment process and provide significant cash to recycle into new long-term opportunities.
Negative Factors
Earnings & Cashflow Volatility
Cash generation swings materially year-to-year, complicating dividend visibility and reinvestment plans. For an investment company, volatile cashflow increases reliance on market timing for exits and can force suboptimal disposals or missed opportunities in down cycles.
Sensitivity to Market Conditions
Caledonia's returns depend on market valuations and timing of realizations. Prolonged weak markets or illiquid conditions can depress NAV and delay value crystallization, limiting consistent long-term return delivery despite strong underlying assets.
Currency Exposure
Material FX moves can erode sterling NAV even when underlying assets perform. Persistent currency volatility adds an external risk layer to returns and complicates forecasting of distributable reserves and shareholder returns over multi-year horizons.

Caledonia Investments (CLDN) vs. iShares MSCI United Kingdom ETF (EWC)

Caledonia Investments Business Overview & Revenue Model

Company DescriptionCaledonia Investments plc is a self-managed investment trust company. It invests in private and public equity markets across the globe. The firm benchmarks the performance of its portfolios against the FTSE All-Share Total Return Index. Caledonia Investments plc was founded in 1928 and is based in London, United Kingdom.
How the Company Makes MoneyCaledonia Investments PLC makes money primarily through the appreciation of its investment portfolio and the income generated from its holdings. The company invests in public and private equity, generating capital gains and dividends as the value of its investments increases over time. Additionally, Caledonia earns income through interest, dividends, and rental income from its diversified portfolio of listed equities, unlisted companies, and real estate assets. The company also benefits from its strategic partnerships and investments in funds managed by experienced external managers, which enhance its investment capability and access to unique opportunities. Caledonia's disciplined approach to asset allocation and active portfolio management are key factors in its ability to generate sustainable earnings and deliver long-term value to its shareholders.

Caledonia Investments Earnings Call Summary

Earnings Call Date:Nov 25, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:May 26, 2026
Earnings Call Sentiment Positive
Caledonia Investments demonstrated strong performance across multiple segments, with notable successes in public companies and private capital. However, challenges like foreign exchange impact and reduced activity in the funds pool were noted. The sentiment leans positive due to significant achievements outweighing the challenges.
Q2-2026 Updates
Positive Updates
Strong Half-Year Performance
Caledonia Investments reported a positive performance with a NAV total return of 4.4% and a total shareholder return of 8.5% for the half-year ending September 30, 2025.
Public Companies Segment Success
The public companies strategy delivered a 9.9% return, driven by investments in Oracle, Microsoft, and Alibaba, benefiting from demand for cloud-based services, including AI.
Successful Sale of Stonehage Fleming
The agreed sale of the minority stake in Stonehage Fleming to Corient Wealth is expected to deliver cash proceeds of approximately GBP 288 million, representing a 3.2x multiple on the cost of investment.
Strong Performance from AIR-serv
AIR-serv delivered an 11% return driven by strong revenue and profit growth, paying a GBP 24.5 million dividend to Caledonia.
Private Capital Segment Robust Returns
Private capital delivered annualized returns of 8.5% over 3 years, 20.7% over 5 years, and 12.5% over 10 years, with a half-year return of 7.7%.
Robust Balance Sheet and Liquidity
Caledonia has a strong balance sheet with over GBP 3 billion in NAV, GBP 105 million in cash, and an undrawn revolving credit facility of GBP 325 million.
Negative Updates
Impact of Foreign Exchange on NAV
The pound strengthening against the dollar reduced NAV by approximately 2%, resulting in a GBP 59 million FX loss.
Reduced Investment and Realization Activity in Funds Pool
Economic uncertainty has lowered investment and realization activity in the last 6 months, impacting the funds pool, and there is caution about the speed of market recovery.
Company Guidance
During the Caledonia Investments Plc half-year results presentation, several key metrics and guidance points were highlighted. The company reported a NAV total return of 4.4% and a total shareholder return of 8.5% for the half-year ending 30th September 2025. The interim dividend was announced at 3.68p per share, amounting to 50% of the previous year's annual total dividend, with a payment date of 8th January 2026. Their public company strategy yielded a 9.9% return, driven by investments in Oracle, Microsoft, and Alibaba. Additionally, a new position in Charles Schwab was initiated, capitalizing on market volatility. The private capital strategy delivered a total return of 7.7%, primarily due to the sale of Stonehage Fleming, expected to yield cash proceeds of approximately GBP 288 million. Caledonia's funds pool, with a NAV of GBP 884 million, showed a 13.3% return over 5 and 10 years, though recent performance was impacted by currency fluctuations, leading to a 1.8% NAV reduction in sterling. The company maintains a robust balance sheet with GBP 105 million in cash and an undrawn credit facility of GBP 325 million, emphasizing its long-term investment strategy and commitment to sustainable value creation.

Caledonia Investments Financial Statement Overview

Summary
A major strength is balance sheet quality (very low/near-zero debt and a large, stable equity base). Offsetting this, earnings and cash flows are meaningfully volatile, with a material drop in revenue and cash flow in 2025, indicating sensitivity to market conditions and realizations.
Income Statement
74
Positive
Profitability is very strong most years, with exceptionally high gross and net margins, reflecting the nature of investment income. However, results are volatile: revenue fell materially in 2025 (annual) after a very strong 2024, and the company also posted a loss in 2020 (annual). The trajectory shows strong earning power but meaningful sensitivity to market conditions and investment realizations.
Balance Sheet
92
Very Positive
Balance sheet strength is a key positive: debt is effectively zero in 2024–2025 (annual) and modest even in earlier years, keeping leverage low. Equity and assets are large and stable, providing a solid capital base. Return on equity is positive but variable year-to-year (strong in 2021–2022, lower in 2024–2025), which is the main offset to an otherwise very conservative balance sheet.
Cash Flow
62
Positive
Cash generation can be strong, but it is inconsistent. Free cash flow closely tracks reported earnings in most years (high conversion), yet operating and free cash flow dropped sharply in 2025 (annual) and have shown significant swings across the period. Coverage of net income by operating cash flow ranges from modest to extremely high depending on the year, highlighting variability in cash realization.
BreakdownMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue107.60M236.20M178.30M622.90M481.60M
Gross Profit104.10M236.20M176.20M625.60M483.60M
EBITDA68.00M205.40M149.50M591.90M457.10M
Net Income66.10M203.80M142.90M611.20M466.00M
Balance Sheet
Total Assets2.96B3.00B3.10B2.81B2.27B
Cash, Cash Equivalents and Short-Term Investments151.30M227.40M221.60M341.10M14.20M
Total Debt0.000.00266.00M20.30M15.00M
Total Liabilities26.40M33.60M297.40M31.90M48.30M
Stockholders Equity2.93B2.97B2.80B2.78B2.23B
Cash Flow
Free Cash Flow16.10M58.40M142.60M612.00M24.30M
Operating Cash Flow17.90M58.90M142.90M612.40M27.80M
Investing Cash Flow16.70M258.40M-276.30M374.90M-101.00M
Financing Cash Flow-109.80M-311.50M129.30M-84.10M-27.30M

Caledonia Investments Technical Analysis

Technical Analysis Sentiment
Negative
Last Price380.00
Price Trends
50DMA
364.68
Negative
100DMA
372.15
Negative
200DMA
369.21
Negative
Market Momentum
MACD
-7.60
Positive
RSI
32.42
Neutral
STOCH
17.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CLDN, the sentiment is Negative. The current price of 380 is above the 20-day moving average (MA) of 347.90, above the 50-day MA of 364.68, and above the 200-day MA of 369.21, indicating a bearish trend. The MACD of -7.60 indicates Positive momentum. The RSI at 32.42 is Neutral, neither overbought nor oversold. The STOCH value of 17.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CLDN.

Caledonia Investments Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£3.54B11.176.50%7.21%-7.11%0.45%
76
Outperform
£1.72B9.476.14%2.40%64.34%77.61%
76
Outperform
£9.07B17.188.30%5.37%4.78%-4.86%
74
Outperform
£955.23M9.757.11%2.70%-4.38%
70
Outperform
£2.20B19.794.75%4.91%14.05%-3.07%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
61
Neutral
$7.18B-123.20-1.53%7.09%9.86%-134.41%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CLDN
Caledonia Investments
336.00
-43.23
-11.40%
GB:JUP
Jupiter Fund Management Plc
191.20
118.07
161.44%
GB:RAT
Rathbones Group PLC
2,135.00
615.78
40.53%
GB:SDR
Schroders
585.50
226.49
63.09%
GB:ABDN
Aberdeen Group
209.80
50.39
31.61%
GB:MNG
M&G Plc
309.30
114.15
58.49%

Caledonia Investments Corporate Events

Executive/Board ChangesRegulatory Filings and Compliance
Caledonia Executives Add Shares Under Incentive Plan
Neutral
Mar 2, 2026

Caledonia Investments has disclosed routine share dealings by its top executives under its Share Incentive Plan, in line with UK Market Abuse Regulation disclosure requirements. On 27 February 2026, chief executive Mathew Masters and chief financial officer Robert Memmott each purchased 43 ordinary Partnership Shares at £3.49005 and received 43 Matching Shares for nil consideration, bringing each executive’s total holdings within the plan to 920 shares, underscoring ongoing alignment between management and shareholder interests.

The transactions, executed partly on the London Stock Exchange and partly outside a trading venue, involved a total of 172 ordinary shares acquired by the plan’s trustee on behalf of the two directors. While modest in scale, the awards highlight the continued use of equity-based incentives across Caledonia’s leadership, reinforcing governance practices that tie executive remuneration to the company’s long-term performance.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £378.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Regulatory Filings and Compliance
Caledonia Investments Confirms Updated Voting Share Capital
Neutral
Mar 2, 2026

Caledonia Investments plc has confirmed that, as of 28 February 2026, its issued share capital consists of 520,867,245 ordinary shares of 0.5p each, all of which carry voting rights and none of which are held in treasury. This updated share count provides the official denominator for investors to calculate whether they must disclose any holdings or changes in their interests under the Financial Conduct Authority’s transparency rules, reinforcing regulatory compliance and clarity for shareholders.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £378.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 4,900 Shares
Positive
Mar 2, 2026

Caledonia Investments has repurchased 4,900 of its own ordinary shares at an average price of 346 pence per share in a transaction executed on 27 February 2026, with the shares to be cancelled. Following this buyback, the company’s issued share capital stands at 520,867,245 ordinary shares with voting rights, a modest reduction that incrementally increases existing shareholders’ proportional ownership and signals continued use of capital management via share repurchases.

The latest transaction reflects Caledonia’s ongoing capital allocation strategy, using buybacks to return value to investors when management judges the shares to be attractively valued. While small in scale relative to total shares outstanding, the move underscores disciplined balance sheet management and may support earnings per share and net asset value per share over time, which can be positive for long-term shareholders.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £378.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Continues Capital Management with Targeted Share Buyback
Positive
Feb 23, 2026

Caledonia Investments has executed a small share buyback, purchasing 6,102 ordinary shares at an average price of 350 pence each via Peel Hunt, with all acquired shares to be cancelled. Following the transaction, the company’s issued share capital stands at 520,872,145 ordinary shares with voting rights, marginally enhancing existing shareholders’ proportional ownership and signaling continued commitment to active capital management.

The buyback, though modest in scale, aligns with Caledonia’s broader strategy of optimizing its capital structure and potentially supporting net asset value per share over time. The cancellation of repurchased shares slightly reduces the share count, which can be viewed as a shareholder-friendly measure that may contribute to improved per-share metrics and underlines management’s confidence in the company’s long-term value.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Trims Share Count With Targeted Buyback
Positive
Feb 20, 2026

Caledonia Investments has repurchased 10,107 of its own ordinary shares at an average price of 352.50 pence per share, with all bought-back shares to be cancelled rather than held in treasury. The move marginally reduces the company’s share count to 520,878,247 voting shares, providing a small uplift to existing shareholders’ proportional ownership and signalling continued use of buybacks as a capital management tool.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Latest Share Buyback Tranche
Positive
Feb 20, 2026

Caledonia Investments plc has continued its capital management strategy by buying back 10,107 of its own ordinary shares on 19 February 2026 at an average price of 352.50 pence per share, with all repurchased shares to be cancelled. Following this transaction, the company’s issued share capital now stands at 520,878,247 ordinary shares with voting rights, marginally enhancing existing shareholders’ proportional ownership and potentially supporting earnings per share over time.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 10,236 Shares in Modest Buyback Move
Positive
Feb 19, 2026

Caledonia Investments has repurchased 10,236 of its own ordinary shares at an average price of 355 pence per share through Peel Hunt, with all acquired shares to be cancelled. Following this transaction, the company’s issued share capital now stands at 520,888,354 ordinary shares with voting rights, marginally increasing remaining shareholders’ proportional ownership and signaling continued active capital management.

The relatively small buyback, while limited in scale, reflects Caledonia’s ongoing use of share repurchases as a tool to manage its capital structure and potentially support its share price. The move may indicate confidence in the company’s valuation and financial position, offering a modest benefit to existing investors through a slight reduction in share count.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Shares After Targeted Buyback
Positive
Feb 18, 2026

Caledonia Investments plc has repurchased 10,666 of its own ordinary shares at an average price of 355 pence per share in a transaction executed on 17 February 2026. The company will cancel the repurchased shares, reducing the number of ordinary shares in issue with voting rights to 520,898,590 and marginally enhancing the ownership percentage of remaining shareholders.

The buyback underlines Caledonia’s active capital management approach and may signal management’s confidence in the company’s valuation and long-term prospects. While the scale of this specific transaction is modest relative to total shares outstanding, continued repurchases could incrementally support earnings per share and net asset value per share over time, potentially benefiting existing investors.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Shares Following Modest Buyback
Positive
Feb 17, 2026

Caledonia Investments has bought back 11,213 of its own ordinary shares at an average price of 348.5 pence each, with the shares to be cancelled, as part of its ongoing capital management strategy. Following this transaction, the company’s issued share capital now comprises 520,909,256 ordinary shares with voting rights, marginally increasing the proportional stake of remaining shareholders.

The relatively small buyback signals continued confidence in the company’s valuation and provides a modest enhancement to net asset value per share. It also underscores Caledonia’s willingness to return capital to investors through share repurchases, which can support the share price and potentially improve trading liquidity over time.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels Own Shares
Positive
Feb 16, 2026

Caledonia Investments plc has repurchased 10,461 of its own ordinary shares at an average price of 343 pence per share, with the shares to be cancelled. Following this buyback, the company’s issued share capital now comprises 520,920,469 ordinary shares carrying voting rights, marginally consolidating existing shareholders’ ownership.

The transaction reflects ongoing capital management by Caledonia, signalling continued confidence in the company’s valuation and long-term strategy. While small relative to the overall share base, the cancellation of repurchased shares can enhance per-share metrics over time and may be viewed positively by investors focused on capital discipline.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Shares After Targeted Buyback
Positive
Feb 13, 2026

Caledonia Investments has repurchased 10,228 of its own ordinary shares at an average price of 346 pence per share, with all of the bought-back shares set to be cancelled. Following this transaction, the company’s issued share capital now comprises 520,930,930 ordinary shares carrying voting rights, marginally increasing remaining investors’ proportional ownership.

The buyback underscores Caledonia’s ongoing capital management strategy, which can be interpreted as a signal of confidence in the company’s valuation. The modest reduction in share count is unlikely to transform its balance sheet but should offer a slight enhancement to earnings and net asset value per share over time.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Regulatory Filings and Compliance
Caledonia director Wyatt boosts stake through associate’s share purchase
Positive
Feb 11, 2026

Caledonia Investments has disclosed that The Dunchurch Lodge Stud Company, a vehicle controlled by non-executive director William Wyatt and connected persons, purchased 28,000 Caledonia ordinary shares on the London market at 354.10p per share from a member of the Cayzer family concert party. The on-market transaction, notified under UK Market Abuse Regulation as a deal by a person closely associated with a director, increases Wyatt’s beneficial interest to 12,597,064 shares, representing 2.418% of Caledonia’s voting rights, alongside smaller non-beneficial and performance-related holdings.

The increase in Wyatt’s stake underscores continued insider alignment with Caledonia’s equity and may be viewed by investors as a sign of confidence in the company’s prospects. The disclosure also reflects ongoing governance and regulatory transparency around dealings by senior figures and their related parties in the shares of the investment trust.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Shares After Targeted Buyback
Positive
Feb 11, 2026

Caledonia Investments has repurchased 10,406 of its own ordinary shares at an average price of 352 pence per share, with the shares bought through Peel Hunt and earmarked for cancellation. Following this transaction, the company’s issued share capital stands at 520,941,158 ordinary shares with voting rights, a marginal reduction that reflects ongoing capital management aimed at enhancing value per remaining share.

The relatively small size of the buyback indicates a routine adjustment rather than a major shift in capital structure, but it underscores Caledonia’s willingness to deploy resources to support its share price. For shareholders, the cancellation of repurchased shares is modestly accretive, slightly increasing each remaining share’s claim on the company’s assets and future returns.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels Shares After Targeted Buyback
Positive
Feb 10, 2026

Caledonia Investments has repurchased 10,032 of its own ordinary shares at an average price of 354 pence per share, with all shares to be cancelled rather than held in treasury. The transaction, executed through Peel Hunt on 9 February 2026, reduces the company’s share count to 520,951,564 voting shares and reflects ongoing capital management to enhance shareholder value and optimise its equity base.

The cancellation of the repurchased shares marginally increases existing investors’ proportional ownership and may support earnings and net asset value per share over time. The move underlines Caledonia’s willingness to deploy capital into buybacks when it deems the share price attractive relative to underlying asset value, signalling confidence in its portfolio and financial position.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels Over 10,000 Shares
Positive
Feb 9, 2026

Caledonia Investments has repurchased 10,254 of its own ordinary shares at an average price of 359 pence per share through broker Peel Hunt. The company plans to cancel these shares, reducing the number of shares in circulation and potentially enhancing the value of remaining holdings for existing investors.

Following the transaction, Caledonia’s issued share capital now comprises 520,961,596 ordinary shares with voting rights. The move signals continued use of share buybacks as a capital management tool, underlining the firm’s focus on shareholder value and disciplined balance sheet management in its investment operations.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Cancels 11,452 Shares After Buyback
Positive
Feb 6, 2026

Caledonia Investments plc has repurchased 11,452 of its own ordinary shares at an average price of 359.00 pence per share, with all the shares bought back on 5 February 2026 set to be cancelled. Following this transaction, the company’s issued share capital now comprises 520,971,850 ordinary shares with voting rights, marginally reducing the share count and potentially enhancing earnings and net asset value per share for existing investors.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cuts Share Count with Targeted Buyback
Positive
Feb 5, 2026

Caledonia Investments plc has repurchased 17,129 of its own ordinary shares at an average price of 366.00 pence per share, with all shares to be cancelled. Following this buyback, the company’s issued share capital stands at 520,983,302 ordinary shares with voting rights, a move that marginally reduces the share count and can be seen as part of its broader capital management strategy aimed at supporting shareholder value.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 19,124 Shares After Latest Buyback
Positive
Feb 4, 2026

Caledonia Investments has repurchased 19,124 of its own ordinary shares at an average price of 364.50 pence per share, with all of the shares bought through broker Peel Hunt to be cancelled. The transaction, completed on 3 February 2026, reduces the company’s share count to 521,000,431 ordinary shares with voting rights, marginally enhancing earnings per share and underlining the board’s ongoing use of buybacks as a capital management tool aimed at supporting shareholder value.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 19,713 Shares After Buyback
Positive
Feb 3, 2026

Caledonia Investments plc has repurchased 19,713 of its own ordinary shares at an average price of 367.50 pence per share in a transaction executed on 2 February 2026 through Peel Hunt LLP, with all of the acquired shares to be cancelled. Following this buyback and cancellation, the company’s issued share capital now comprises 521,019,555 ordinary shares with voting rights, marginally enhancing existing shareholders’ proportional ownership and continuing its capital management strategy.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Cancels 20,267 Shares After Buyback
Positive
Feb 2, 2026

Caledonia Investments plc has executed a share buyback, purchasing 20,267 of its own ordinary shares at an average price of 373.00 pence per share, with all repurchased shares to be cancelled. Following this transaction, the company’s issued share capital stands at 521,039,268 ordinary shares with voting rights, a modest reduction that marginally enhances earnings and net asset value per share while signalling continued capital management discipline to investors.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Regulatory Filings and Compliance
Caledonia Investments Confirms Updated Share Capital and Voting Rights
Neutral
Feb 2, 2026

Caledonia Investments plc has confirmed that, as of 31 January 2026, its issued share capital comprises 521,039,268 ordinary shares of 0.5 pence each, all of which carry voting rights and none of which are held in treasury. This updated share count serves as the reference figure for shareholders assessing whether they must disclose holdings or changes in their interests under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, reinforcing regulatory transparency and informing investors’ compliance obligations.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Buys Back and Cancels 20,002 Own Shares
Positive
Jan 30, 2026

Caledonia Investments plc has repurchased 20,002 of its own ordinary shares at an average price of 371.00 pence per share via Peel Hunt LLP, with all acquired shares to be cancelled. Following this buyback, the company’s issued share capital stands at 521,059,535 ordinary shares with voting rights, a move that marginally reduces the share count and may enhance earnings per share and capital allocation efficiency for existing shareholders.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
Caledonia Investments Directors Add Shares Through Incentive Plan
Neutral
Jan 29, 2026

Caledonia Investments has reported routine share transactions under its Share Incentive Plan involving its chief executive, Mathew Masters, and chief financial officer, Robert Memmott. On 27 January 2026, each executive purchased 40 partnership shares at 374.50p per share through salary deductions, triggering an award of a further 40 matching shares each at no cost, bringing their respective holdings within the plan to 834 shares. The announcement, made in line with UK Market Abuse Regulation requirements, underscores ongoing alignment of senior management with shareholders through equity-based remuneration but does not signal any change in strategy or outlook for the investment group.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 31,243 Shares After Buyback
Positive
Jan 29, 2026

Caledonia Investments plc has repurchased 31,243 of its own ordinary shares at an average price of 370.50 pence per share in a market transaction executed through Peel Hunt LLP on 28 January 2026, with all repurchased shares to be cancelled. Following this buyback, the company’s issued share capital now stands at 521,079,537 ordinary shares with voting rights, modestly enhancing existing shareholders’ proportional ownership and reflecting ongoing capital management efforts aimed at optimising its share structure.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 67,910 Shares
Positive
Jan 27, 2026

Caledonia Investments plc has conducted a share buyback, purchasing 67,910 of its own ordinary shares at an average price of 373.37 pence per share on 26 January 2026 through Peel Hunt LLP, and will cancel the repurchased shares. Following this transaction, the company’s issued share capital stands at 521,110,780 ordinary shares with voting rights, a modest reduction that marginally enhances existing shareholders’ proportional ownership and can be seen as a signal of management’s confidence in the company’s valuation and capital management strategy.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and Strategy
Caledonia Investments Hosts Funds Spotlight to Deepen Investor Insight
Positive
Jan 27, 2026

Caledonia Investments plc is hosting a spotlight event on its Funds investment pool for investors and analysts, featuring senior executives who will outline the team’s investment philosophy, strategy and portfolio across global fund holdings. While the company has stated that no new material disclosures will be made, the webcasted session and accompanying presentation are intended to deepen market understanding of Caledonia’s funds strategy and portfolio construction, reinforcing its positioning as a long-term, diversified investor and providing additional transparency for shareholders and the wider investment community.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 68,013 Shares
Positive
Jan 26, 2026

Caledonia Investments has repurchased 68,013 of its ordinary shares at an average price of 373.22 pence per share via broker Peel Hunt LLP, with the company confirming that the bought-back shares will be cancelled. Following this transaction, Caledonia’s issued share capital now stands at 521,178,690 ordinary shares with voting rights, marginally reducing its share count and signaling ongoing active capital management for existing shareholders.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
Caledonia Investments Updates Market on CEO’s Share Awards and Transactions
Neutral
Jan 23, 2026

Caledonia Investments plc has disclosed a series of share transactions involving its chief executive, Mathew Masters, in line with UK Market Abuse Regulation requirements. On 21 January 2026, Masters received 136,830 ordinary shares at no cost under the company’s 2020 Performance Share Scheme, sourced from the Caledonia 2024 Employee Benefit Trust, and on the same day sold 64,500 shares back to the trust at 363.75p per share to cover associated tax liabilities, retaining 72,330 shares. Following these transactions, Masters’ beneficial holding in Caledonia amounts to 743,780 shares, alongside additional awards under performance and deferred bonus schemes, providing stakeholders with updated transparency on the chief executive’s equity-based incentives and reinforcing alignment between management and shareholder interests.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 68,739 Shares After Buyback
Positive
Jan 23, 2026

Caledonia Investments plc has repurchased 68,739 of its own ordinary shares at an average price of 369.85 pence per share through broker Peel Hunt, and will cancel the shares, reducing its share count and potentially enhancing earnings and net asset value per share for remaining investors. Following this transaction, the company’s issued share capital now comprises 521,246,703 ordinary shares with voting rights, signalling ongoing active capital management that may support shareholder returns and underline management’s confidence in the company’s valuation.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Caledonia Investments Strengthens Board with Appointment of Michael McLintock
Positive
Jan 22, 2026

Caledonia Investments has appointed veteran investment manager Michael McLintock as an independent non-executive director, effective 16 February 2026, further strengthening the governance of the FTSE 250 investment trust. McLintock, currently chair of Associated British Foods, Grosvenor Group and The Investor Forum, brings decades of experience from senior roles at M&G and Prudential, and will also sit on Caledonia’s Governance and Nomination Committees, a move expected to enhance board oversight and strategic stewardship for shareholders.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 31,400 Shares in Latest Buyback
Positive
Jan 22, 2026

Caledonia Investments has repurchased 31,400 of its own ordinary shares at an average price of 367.52 pence per share, with the shares bought through Peel Hunt LLP on 21 January 2026 and subsequently cancelled. Following this transaction, the company’s issued share capital now comprises 521,315,442 ordinary shares with voting rights, a modest reduction that marginally enhances existing shareholders’ proportional ownership and signals continued use of buybacks as part of its capital management strategy.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 67,890 Shares in Latest Buyback
Positive
Jan 21, 2026

Caledonia Investments plc has repurchased 67,890 of its own ordinary shares at an average price of 364.91 pence per share in a market buyback executed on 20 January 2026 through Peel Hunt LLP, with all acquired shares to be cancelled. The transaction, which leaves the company with 521,346,842 ordinary shares in issue carrying voting rights, marginally reduces the share count and underscores Caledonia’s ongoing capital management strategy, potentially enhancing earnings per share and net asset value for remaining investors.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 65,740 Own Shares
Positive
Jan 20, 2026

Caledonia Investments plc has executed a share buyback, purchasing 65,740 of its own ordinary shares on 19 January 2026 at a weighted average price of 372.86 pence per share, with the shares to be cancelled. The transaction, executed through Peel Hunt LLP, marginally reduces the company’s share count to 521,414,732 ordinary shares with voting rights, reflecting an ongoing capital management strategy that can enhance earnings per share and signal confidence in the company’s valuation to investors.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 39,355 Shares After Market Buyback
Positive
Jan 19, 2026

Caledonia Investments has repurchased 39,355 of its own ordinary shares at an average price of 375 pence per share, with the shares to be cancelled as part of its capital management strategy. Following this buyback, the company’s issued share capital now stands at 521,480,472 ordinary shares with voting rights, a modest reduction that marginally enhances remaining shareholders’ proportional ownership and may signal continued confidence in the company’s valuation and long-term prospects.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £434.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

DividendsRegulatory Filings and Compliance
Caledonia Executives Reinvest Interim Dividend into Shares Under Incentive Plan
Neutral
Jan 12, 2026

Caledonia Investments has disclosed routine share purchases by three executive directors under its Share Incentive Plan, following the payment of an interim dividend on 8 January 2026. Fiduchi Trustees (UK) Limited, acting as trustee of the plan, acquired a total of 13 ordinary shares on behalf of executive directors James Cayzer-Colvin, CEO Mathew Masters and CFO Robert Memmott through dividend reinvestment at a price of 381.6662 pence per share, modestly increasing their holdings within the scheme and signalling continued alignment of management interests with those of shareholders under UK Market Abuse Regulation disclosure requirements.

The most recent analyst rating on (GB:CLDN) stock is a Hold with a £417.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Cancels 45,618 Shares After Buyback
Neutral
Jan 12, 2026

Caledonia Investments plc has executed a share buyback, purchasing 45,618 of its own ordinary shares on 9 January 2026 at an average price of 380.07 pence per share through broker Peel Hunt LLP, with the shares to be cancelled. Following this transaction, the company’s issued share capital stands at 521,519,827 ordinary shares with voting rights, a modest reduction that marginally enhances remaining shareholders’ proportional ownership and signals ongoing capital management activity.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 10,000 Own Shares
Positive
Jan 7, 2026

Caledonia Investments plc has repurchased 10,000 of its own ordinary shares at an average price of 381.20 pence per share through Peel Hunt LLP, and the shares will be cancelled. Following this transaction, the company’s issued share capital now comprises 521,565,445 ordinary shares with voting rights, marginally enhancing existing shareholders’ proportional ownership and reflecting ongoing active capital management by the board.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 62,124 Shares in Latest Buyback
Positive
Jan 6, 2026

Caledonia Investments has executed a share buyback, purchasing 62,124 of its own ordinary shares at an average price of 379.61 pence per share on 5 January 2026 through Peel Hunt LLP, with the shares to be cancelled. Following this transaction, the company’s issued share capital now comprises 521,575,445 ordinary shares with voting rights, marginally enhancing earnings and net asset value per share for remaining investors and signalling continued capital-management discipline.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Cancels 36,914 Shares in Latest Buyback
Positive
Jan 5, 2026

Caledonia Investments plc has repurchased 36,914 of its own ordinary shares at an average price of 380 pence per share in a market transaction executed on 2 January 2026, with all purchased shares to be cancelled. Following this buyback, the company’s issued share capital now comprises 521,637,569 ordinary shares with voting rights, a modest reduction that marginally enhances existing shareholders’ proportional ownership and reflects ongoing capital management by the investment trust.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Regulatory Filings and Compliance
Caledonia Investments Confirms Share Capital and Voting Rights Structure
Neutral
Jan 2, 2026

Caledonia Investments plc has confirmed that, as of 31 December 2025, its issued share capital consists of 521,674,483 ordinary shares of 0.5p each, all carrying voting rights, with no shares held in treasury. This clarification of total voting rights provides a clear denominator for shareholders and market participants to assess and report their holdings under UK disclosure rules, supporting transparency in ownership and potentially affecting how significant stakes in the company are monitored and disclosed.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Stock Buyback
Caledonia Investments Cancels 29,670 Shares After Buyback
Positive
Dec 31, 2025

Caledonia Investments has repurchased 29,670 of its own ordinary shares at an average price of 379.57 pence per share, with the shares to be cancelled. Following this transaction, the company’s issued share capital now stands at 521,674,483 ordinary shares with voting rights, marginally enhancing remaining shareholders’ proportional ownership and potentially signalling confidence in the company’s valuation and capital management strategy.

The most recent analyst rating on (GB:CLDN) stock is a Buy with a £429.00 price target. To see the full list of analyst forecasts on Caledonia Investments stock, see the GB:CLDN Stock Forecast page.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 32,328 Shares After Buyback
Positive
Dec 30, 2025

Caledonia Investments plc has bought back 32,328 of its own ordinary shares at an average price of 380.69 pence per share in a transaction executed on 29 December 2025 through Peel Hunt LLP, with the shares to be cancelled. The repurchase, which leaves the company with 521,704,153 ordinary shares in issue with voting rights, forms part of its ongoing capital management and is likely aimed at enhancing shareholder value by reducing the number of shares in circulation and potentially improving earnings and net asset value per share.

Business Operations and StrategyStock Buyback
Caledonia Investments Cancels 40,645 Shares After Buyback
Positive
Dec 29, 2025

Caledonia Investments has bought back 40,645 of its own ordinary shares at an average price of 380 pence per share in a transaction executed on 24 December 2025 through broker Peel Hunt. The repurchased shares will be cancelled, reducing the company’s share count to 521,736,481 ordinary shares with voting rights, a move that marginally enhances earnings and net asset value per share for remaining investors and signals continued capital management discipline.

Business Operations and StrategyStock Buyback
Caledonia Investments Buys Back and Cancels 55,770 Shares
Positive
Dec 24, 2025

Caledonia Investments plc has repurchased 55,770 of its own ordinary shares at an average price of 378.49 pence per share, with the shares to be cancelled. The transaction, carried out on 23 December 2025 via Peel Hunt, marginally reduces the company’s share count to 521,777,126 voting shares and forms part of its ongoing capital management strategy, potentially enhancing net asset value per share and signalling confidence in the company’s valuation to shareholders.

Stock Buyback
Caledonia Investments Cancels 106,339 Shares After Buyback
Positive
Dec 23, 2025

Caledonia Investments plc has repurchased 106,339 of its own ordinary shares at an average price of 379.28 pence per share via Peel Hunt LLP, with all acquired shares to be cancelled. Following this buyback and cancellation, the company’s issued share capital now comprises 521,832,896 ordinary shares with voting rights, a move that marginally reduces the share count and may enhance earnings per share and shareholder value over time.

Stock Buyback
Caledonia Investments Cancels 134,052 Shares After Buyback
Positive
Dec 22, 2025

Caledonia Investments plc has repurchased 134,052 of its own ordinary shares at an average price of 379.68 pence per share, with the shares bought through Peel Hunt LLP on 19 December 2025 and subsequently cancelled. Following this buyback, Caledonia’s issued share capital now comprises 521,939,235 ordinary shares with voting rights, marginally enhancing existing shareholders’ proportional ownership and reflecting the company’s ongoing use of share repurchases as a capital management tool.

Stock Buyback
Caledonia Investments PLC Announces Share Buyback
Positive
Dec 17, 2025

Caledonia Investments PLC, a prominent investment trust, has announced the repurchase of 35,000 of its own ordinary shares at a price of 381.00 pence each, with the intention of cancelling these shares. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial position.

Business Operations and Strategy
Caledonia Investments Announces Executive Share Transactions
Neutral
Dec 16, 2025

Caledonia Investments PLC has announced transactions involving its executive directors under the company’s Share Incentive Plan (SIP). On December 15, 2025, Fiduchi Trustees (UK) Limited purchased 156 ordinary shares on behalf of executive directors Mathew Masters and Robert Memmott. Each director acquired 39 Partnership Shares at a price of 385.8322p per share, with the company awarding an equal number of Matching Shares for no additional cost. This move aligns with Caledonia’s efforts to incentivize its leadership through equity participation, potentially strengthening their commitment to the company’s long-term success.

Stock Buyback
Caledonia Investments Announces Share Buyback
Neutral
Dec 9, 2025

Caledonia Investments plc has announced the repurchase of 10,386 of its own ordinary shares at a price of 381.00 pence per share, with the intention to cancel these shares. This transaction slightly reduces the number of shares with voting rights to 522,108,287, potentially impacting shareholder value and market perception.

Stock Buyback
Caledonia Investments Repurchases and Cancels Shares
Neutral
Dec 5, 2025

Caledonia Investments PLC, a prominent investment company, has announced the repurchase of 30,000 of its own ordinary shares at an average price of 381.40 pence per share. This transaction, carried out through Peel Hunt LLP, will result in the cancellation of the purchased shares, affecting the company’s issued share capital, which now includes 522,118,673 ordinary shares with voting rights.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025