olivLaw · European equity research
CLOUDBREAK DISCOVERY PLC CDL.L
United Kingdom · London Stock Exchange · ISIN GB00B44LQR57 · Vertical: Listed companies from United Kingdom
Cloudbreak Discovery PLC is a UK gold exploration company holding a portfolio of early-stage exploration and evaluation projects. It has no regular operating revenue and relies on raising funds through share issues, and its annual report flags a material uncertainty over going concern. As work programmes proceed, funding remains the central factor to watch.
At the close of 06 Nov 2026, CLOUDBREAK DISCOVERY PLC (CDL.L) stock was 0.00 GBP (−2.27% on the day), with beta -0.19, 52-week range 0.00–0.01 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 33.1
- weak (30–45)
- Bollinger (20, 2)
- 0.00 – 0.00
- in the lower half of the band · %B 0.17 · band width 97.8%
- SMA 50 / 200
- 0.00 / 0.01
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −46.3% | −0.2% | −46.1 pp | — |
| 3 months | −49.4% | −5.4% | −44.0 pp | — |
| 6 months | −71.7% | +4.4% | −76.1 pp | — |
| Year to date | −74.7% | +6.5% | −81.2 pp | — |
| 1 year | −76.8% | +10.0% | −86.7 pp | +4.0% |
| 3 years | −46.3% | +48.6% | −94.8 pp | +24.3% |
| 5 years | −88.7% | +41.4% | −130.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | -4.0 m | -1.6 m | -2.7 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 30 Jun 2025
- Cash
- 53.2 k GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- -352.9 k GBP
- Total assets
- 261.4 k GBP
- Debt / equity
- unavailable
- Current ratio
- 0.37x
- ROE
- unavailable
- ROA
- -196.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating income | -3.6 m | -847.5 k | -608.1 k | esef· 18 Nov 2025verified |
| Interest expense | 0 | 214.8 k | 5.0 k | esef· 18 Nov 2025verified |
| Pre-tax income | -4.0 m | -1.6 m | -2.7 m | esef· 18 Nov 2025verified |
| Income tax | 12.2 k | 0 | 0 | esef· 18 Nov 2025verified |
| Net income | -4.0 m | -1.6 m | -2.7 m | esef· 18 Nov 2025verified |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 244.1 k | 195.2 k | 53.2 k | esef· 18 Nov 2025verified |
| Receivables | 243.2 k | 185.9 k | 1.4 k | esef· 18 Nov 2025verified |
| Current assets | 2.1 m | 2.0 m | 229.6 k | esef· 18 Nov 2025verified |
| Intangibles (excl. goodwill) | 236.5 k | 80.9 k | 0 | esef· 18 Nov 2025verified |
| Total assets | 3.7 m | 2.5 m | 261.4 k | esef· 18 Nov 2025verified |
| Current liabilities | 1.7 m | 1.5 m | 614.3 k | esef· 18 Nov 2025verified |
| Total liabilities | 1.7 m | 1.5 m | 614.3 k | esef· 18 Nov 2025verified |
| Equity | 2.0 m | 947.3 k | -352.9 k | esef· 18 Nov 2025verified |
Cash flow · GBP
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -122.5x | 0 (on a fixed band) | 60% |
| Current ratio · Balance sheet | 0.4x | 0 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CLOUDBREAK DISCOVERY PLC (CDL.L). Latest full fiscal year: 2025; data up to 2025-06-30.
Figures computed from the financial statements: ROE -911.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Interest coverage: -122.5x
- Current ratio: 0.4x
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 101.0 bn | 13.1 | 16.5% | 30.3% | −1.0% | +3% / +82% |
| ABF.LAssociated British Foods PLC | 14.4 bn | 14.1 | 9.2% | 5.3% | −3.1% | −7% / −16% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.0 bn | 24.4 | 34.7% | 4.1% | +7.2% | −11% / +155% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.3 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.3 bn | 16.4 | 23.2% | 2.8% | +15.2% | +21% / +162% |
| ABDN.LAberdeen Group PLC | 4.0 bn | 10.6 | 8.0% | 28.9% | −2.1% | +8% / +37% |
| BKG.LThe Berkeley Group Holdings PLC | 3.5 bn | 11.1 | 8.8% | 13.4% | −4.2% | −2% / −24% |
| BME.LB&M European Value Retail PLC | 2.8 bn | 17.2 | 21.2% | 2.8% | +3.7% | +66% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.6 | 49.9% | 33.1% | +18.0% | +7% / +126% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.7 | 13.1% | 71.6% | −0.1% | +27% / +16% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 757.3 m | 35.9 | 41.2% | 19.7% | +24.2% | +70% / unavailable |
| BAG.LA.G. Barr P.L.C. | 660.8 m | 14.2 | 14.4% | 10.8% | +4.0% | −9% / +24% |
| ASC.LAsos PLC | 496.9 m | — | -81.3% | -12.0% | −14.7% | +72% / +9% |
| ALFA.LAlfa Financial Software Holdings PLC | 480.3 m | 16.0 | 61.5% | 23.8% | +15.3% | −29% / +8% |
| AML.LAston Martin Lagonda Global Holdings PLC | 341.3 m | — | -93.4% | -39.2% | −20.6% | −46% / −85% |
| APTD.LAptitude Software Group PLC | 112.5 m | 28.7 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 77.7 m | 38.8 | 2.7% | 1.7% | −4.4% | +12% / −12% |
| AMGO.LAmigo Holdings PLC | 10.3 m | — | — | — | −81.9% | +340% / +878% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −11% / +154% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +61% / +64% |
1- and 3-year price returns: for CDL.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Cloudbreak Discovery PLC is a UK gold exploration company holding a portfolio of early-stage exploration and evaluation projects. It has no regular operating revenue and relies on raising funds through share issues, and its annual report flags a material uncertainty over going concern. As work programmes proceed, funding remains the central factor to watch.
SWOT
Strengths
- The gold exploration portfolio and the early results that the Board describes as positive are the company's main asset.
- The success of the equity placings in summer 2025 shows there is investor appetite for the group's projects.
- Aligning directors' interests with shareholders through partial share-based pay helps keep funds focused on exploration.
Weaknesses
- The group has no regular operating revenue and reports net losses in both years presented.
- The report flags a material uncertainty over going concern, linked to the need for additional funding.
Opportunities
- If exploration work confirms the early results, the projects could attract partners or easier funding for later stages.
- Growing interest in gold as a strategic resource could support project value and access to capital.
- Partnerships with other investors to fund exploration could reduce pressure on share issues.
Threats
- If funding is not secured, the group could be forced to scale back exploration or relinquish some licences.
- The natural resources sector is cyclical, and a fall in commodity prices could reduce investor interest.
- Changes to local legislation or late payment of contractual obligations could affect the value of assets.
Risks
- Funding and going concernhigh
The group depends on raising new capital to continue its programmes. The report notes a material uncertainty that could cast doubt on its ability to continue as a going concern without additional funds.
- Exploration riskhigh
Exploration is a high-risk activity, and early positive results do not guarantee economic resources. If later results are weak, the value of the projects could decline.
- Dependence on key personnelmedium
The business depends on the executive team and technical consultants. Losing these people or being unable to attract qualified staff could seriously affect the projects.
- Uninsurable risksmedium
Exploration programmes may be affected by geological, environmental, industrial or weather risks that cannot be fully insured. Third-party liability could exceed existing cover.
- Investment holdings and valuationslow
The value of investments in listed and unlisted companies can change sharply depending on investee performance and market perception. Losses in value could affect the group's balance sheet.
Investment thesis
What would need to be true (bull case)
- The early exploration results, described as positive by the Board, could justify investor interest in further work stages.
- The equity placings in August 2025 show there is funding appetite, which could allow current programmes to continue.
- If interest in gold strengthens, the early-stage projects could become more attractive to partners and investors.
What would break the thesis
- With no regular revenue and repeated net losses, the company depends entirely on new share issues, which could dilute shareholders.
- The report acknowledges a material uncertainty over going concern, and funds raised may not be enough for all planned stages.
- Early-stage exploration has high failure rates, and positive results to date do not prove the existence of an economic resource.
What to watch
- Results from the next exploration and evaluation work programmes2026
- New equity placings or funding agreements with partnersQ1 2026
- Trend in net loss and exploration spendingnext 10-K
- Status of licences and fulfilment of contractual obligations2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Cloudbreak Discovery group operates in the natural resources sector, focused on exploring and evaluating a portfolio of early-stage gold projects. According to the annual report for the year ended 30 June 2025, strategy has shifted from one relying on cash flows from investments to developing a portfolio of early-stage exploration assets. The group has no employees, only directors, and operations are funded through equity capital.
The loss after taxation for fiscal 2025 was £2,667,387, compared with a restated loss of £1,627,519 in 2024, so the group is not currently generating profit. The Board does not recommend a dividend, and the company corrected a prior period error relating to the accounting for assigned debt, reflected in the comparative figures.
After the year end, in August 2025, the group raised £900,000 through two equity placings to fund the next work stages. The report notes, however, that future funding is not assured and exploration plans could be scaled back if raising capital does not succeed.
Segments
Gold exploration
The core segment consists of early-stage gold exploration projects, where geological evaluation and drilling determine whether further spending is justified. The report describes early results from this work as positive, but there are no demonstrated resources or an operating mine yet.
Securities investments
The group holds investments in listed and unlisted securities, whose value depends on the performance of the investee companies and on market perception. Investment risk represents the potential loss the group could suffer if these holdings decline in value.
Market context
The company operates in natural resource exploration, a sector the report describes as cyclical and sensitive to global and regional factors such as supply and demand, which drive prices. For an early-stage explorer, access to investor capital is as important as geological results, and the report stresses that investor appetite could determine the ability to fund new programmes.
The shareholder base includes a significant share held through broker nominee accounts, with the largest holder at 21.92% of issued share capital as of 30 September 2025. Shareholder concentration means that moves by large holders could influence liquidity and sentiment toward the company.
Trends
- Interest in gold as a strategic resourcetailwind
Demand for gold exploration remains a topic of investor interest, and early-stage projects can attract capital if geological results are confirmed. If investor interest holds, the company could finance new programmes more easily.
- Cyclicality of the resources sectorheadwind
The report notes that the natural resources sector is cyclical and influenced by global factors the company cannot control. In a downturn, raising funds could become harder.
- Access to finance through placingsmixed
The group relies almost entirely on equity issues, and the August 2025 placings showed the market was open, at least temporarily. Dependence on such deals could nonetheless limit plans if conditions deteriorate.
- Regulation and environmental requirementsheadwind
Exploration licences are subject to financial commitments and local legislation, and changes to these could affect asset values. Rising environmental and climate reporting expectations could add costs.
Competitive position
The company competes for investment capital and gold exploration projects with other early-stage explorers, which vie for the same investors and licences. Cloudbreak's relative advantage depends on the geological results of its projects, which are not yet commercially proven.
The annual report does not name competitors, so the company's comparative position cannot be established from the document. It is worth tracking how project results compare with similar companies as their public information becomes available.
- Other London-listed gold explorers
Early-stage explorers in the same category that compete for funding from the same investors, according to the sector context described in the report.
- Canadian and Australian gold explorers
Gold exploration companies in jurisdictions with established capital markets that compete for investors and similar projects.
- Established gold producers
Companies with operating mines that attract investors through revenue and proven resources, unlike the group's early-stage exploration profile.
- Other natural resource companies
Resource companies competing for the same speculative capital in a cyclical market environment.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202518 Nov 2025
- Annual report 202425 Feb 2025
Sources
- [1] Annual report, fiscal year ended 2025-06-30 (ESEF) · SEC / CLOUDBREAK DISCOVERY PLC · 30 Jun 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.