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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Colliers Intl | COL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.80 | 0.80 |
| Top Posts |
|---|
Posted at 28/9/2015 12:27 by ukmassy Now it's ADSS! You go Col! |
Posted at 06/4/2012 18:46 by loverat envirovisionI may be in touch soon about this website. I am back discussing ideas with one or two friends. Some time back I contributed to a website which had various sections - complaints about banks, solicitors, shareholder complaints but the website became too crowded with stuff. Furthermore the website owner was sued by one of the solicitors featured on the site which made things difficult and effectively it was closed down. Anyway, there are a number of topics we would like to cover - my subject is a shareholder site and forum. However, we are considering covering three or four different topics and thinking whether to do separate sites for each or one which covers all the topics. The advantage of one site is that it should pull in more punters as the issues are all big and topical but may deter some if the each subject areas do not have sufficient separation and losing some of the message. Anyway, buzzing with ideas at present and at the stage of starting building decent sites. I have learned alot over this last few years and as part of the shareholders site I want to try and get some case studies together. I have three or four companies in mind to feature. London Asia Capital, Merchant House Group, Irish Life and Permanant and Colliers. I wonder, when we get the wheels in motion if you would be prepared to write a case study on COL. Probably around 300 to 500 words and something covering the arrival of Horrell, FS investment, the terminal decline in the share price from 20p in Jan 11 to 1p in Jan 2012 and the final stitch up. Ultimately it would be good to get a range of different people to contribute case studies in whichever style they wish. Sometimes humour works well in these type of things. This is one short 'case study' on a site about solicitors to give you some ideas of what I mean: And another one a bit more serious and very scathing: The above cases were in the public domain so were written very briefly and I suppose with COL more detail will need to be included to tell the story. Have a think and let me know if you can help. Also we are thinking about what other features to have. I know you mentioned a sort of database of directors. That is probably something we might not be able to incorporate straight away but will consider and let me know if you have any other ideas. |
Posted at 29/3/2012 05:49 by loverat Agree Langbar is different and speaking in terms of how newsworthy this actually is in comparision. However, the share price decline coupled with the strategy and stitch up with FS does suggest a little more than simple incompetance IMO. I am sure this will be debated however and we can reach a consensus. Did this strategy have the backing of First Service? He might be a complete fool but are we saying they are too? Sometime back I think it was you (apologies if I am wrong) who suggested that this company was deliberately being run into the ground. The other point is why no trading update was ever released. Who was the Austrian who was buying big share lots - surely not another fool? So many questions I think before we can simply conclude the man is one of the biggest idiots on AIM. Your view some months back. Be interested in others too. scburbs - 16 Nov'11 - 16:48 - 1053 of 1277 With the shares worth tuppency halfpenny you might have expected some cuts, but the recruitment drive continues! Either Horrell is a nutter or the market is. Unfortunately I suspect Horrell is not the man to lead COL through a finance constrained market, which is not the right time for a death or glory CEO! I am not sure that a plan to expand it to death (as sufficient liquidity will not be available) and then allow First Service to buy it out of administration is quite in line with his fidicuary duties! Either that or First Service provide the liquidity to fund the expansion and then suddenly change their mind and pick up the pieces afterwards! I do have a cynical mind, so hopefully neither of these are the plan, but my confidence in Colliers leadership is very low |
Posted at 02/2/2012 11:39 by jojo_jo That may be the case, but they are reducing the level of draw-down, and remain within limits agreed by the banks, who must consider them 'good for it'. There is no guarantee that FS will eliminate this debt. They may endeavour to trade their way out of it. I believe anyone taking it over would, for the most part, trade their way out of it. The banks may have to let Colliers trade their way out. Things were improving as of Summer 2011, with the Chairman predicting break-even in H2... HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011 Colliers International UK (AIM: COL), one of the leading commercial real estate consultancy groups in the UK, announces its half year results for the six months to 30 June 2011. Financial highlights: -- Group revenues up 2% to GBP31.02m (2010: GBP30.33m) -- Operating loss (before exceptional items) of GBP3.47m (2010: loss of GBP3.05m as restated) -- Loss before tax of GBP3.99m (2010: GBP5.14m) Operational highlights: -- Recruitment of senior individuals in key growth areas -- More client facing organisation -- Increasing levels of cross-selling and referral of instructions -- Improving number of opportunities for new business pitches Commenting on the results, Sir John Ritblat, Chairman said: "We have restructured, refocused and rebranded our businesses. I remain confident about our medium and longer term prospects" For further information, please visit www.colliers.com/uk or contact: Colliers International UK plc Tavistock Communications 020 7344 6706 020 7920 3150 Sally Hooker Simon Hudson / Amy Walker Panmure Gordon 020 7459 3600 Tim Linacre / Fred Walsh CHAIRMAN'S STATEMENT Earlier this year, I commented that, following a return to revenue growth in 2010, we were looking forward to improved economic conditions from which our business would be a substantial beneficiary. However, growth expectations for the UK economy have since been downgraded and the outlook in the short term remains clouded although I remain confident about our medium/longer term prospects. Results Group revenue for the six months to 30 June 2011 was GBP31.02m representing a 2% increase on the comparable period last year (GBP30.33m). Operating expenses, excluding exceptional items, were 4% higher at GBP34.82m (2010: GBP33.56m) as we continued with our planned recruitment programme. As a consequence, the Group's operating loss before exceptional items of GBP3.47m was higher than the equivalent figure last year of GBP3.05m. Exceptional items include a profit of GBP0.62m on the sale of the Group's 24% shareholding in associated company Paladin Group Limited which was completed in June for an initial consideration of GBP0.69m with a potential further deferred payment of up to GBP0.31m dependent upon the trading performance of Paladin in its year ending 31 March 2012. This exceptional profit has been offset by re-organisation costs of GBP0.57m as we continue to rationalise certain areas of our UK business. Group loss before tax was GBP3.99m, down from GBP5.14m in the previous year. Basic and diluted loss per share was 2.45p (2010: loss of 3.39p) reflecting the reduced loss for the period. Since the end of the half year, our markets have continued to be impacted by the wider economic environment. The riots in various cities in August also introduced additional temporary uncertainties although these now seem to be behind us. Overall, we now expect our businesses to break even in the second half of the year although this will result in an operating loss for the full year. At a pre-tax level, the absence of various exceptional costs incurred in the second half of 2010 should result in a much reduced deficit position. IMPO/DYOR. |
Posted at 01/2/2012 12:16 by jojo_jo After FS formalise an offer, I predict a rival 'opening gambit' bid around 2p, valuing COL at £3m. Very cheap considering the financial statement of 30/9/2011 indicated a NAV of over £25m. Anything up to £10m is still cheap for COL. Even with some deterioration the NAV should still be above £20m, so £10m is half price. After this I can see others entering the fray, with offers getting towards fair value. IMPO/DYOR. |
Posted at 25/1/2012 10:50 by loverat Possibly - H2 - up to Dec 11 - should have been in line. After all they would have reported otherwise. They have recruited alot and taken on a lot of new work in H2. So I wonder if they are just biding their time a little and subsequently put out a forward looking atatement with alot of negative spin.If the results are reasonable and going into this year has been O.K I would imagine it would be an embarrassment to release them. That would clearly confirm that this is a stitch up of epic proportions. The last broker note states that COL have a supportive bank. I wonder what would happen if COL told First Service to get stuffed. First Service clearly want this company to expand and ease their operations in London and Europe. That should not be under estimated. They are using the excuse of some debt (not huge) and the share price crash to thieve the company. If COL reject the offer who says they cannot continue independently? Maybe not in the long run - but if they do hit trouble because FS cut them adrift and buy them from administration, the fall out will be huge. A massive dent in the reputation of the brand and First Service. First Service will be buying faulty goods and in this business reputation is everything - particularly in these times. I know a little about reputation management. Rejecting this offer is the only way too that Horrell can save his reputation IMO. Likely to become very messy. |
Posted at 24/1/2012 08:38 by scburbs If First Service agree to throw the banks a bone they will probably be less supportive of COL as a stand alone entity. If Horrell was his own man with the financing under control then today's announcement would have confirmed that an offer had been rejected!If I were a competitor I might be amused by the prospect of taking over COL and eliminating Colliers UK from the supposedly global Collers International brand. Colliers International need a UK business. Sadly in the current climate they could probably go and buy another one, but it would certainly be very disruptive. I don't think a competitor would do this (as it would almost certainly lose them money and none of them are short of people) but its a nice idea (from my perspective). |
Posted at 16/1/2012 17:53 by mathisvale 6% of COL's shares traded today. Someone thinks that they are worth buying at this 'Armageddon' price. If COL were ever to recover then you are looking at a 20-fold increase in the sp, ie a typical death or glory case. Definitely worth a small punt |
Posted at 10/1/2012 14:22 by scburbs Thanks Loverat, Superficially its a reasonable note. However, if Hardman's had spotted the typo in DTZ's results RNS then they would have realised that net assets were £43.8m not minus £43.8m (before goodwill adjustment). It is still true that COL's balance sheet is stronger than DTZ, but the gap is less than implied. The much better current asset/liability mix is a key advantage for COL. The note is rather unbalanced on geographic spread. DTZ has the disadvantage of Eurozone exposure, but the advantage of Asian exposure. These probably balance each other out and in general the wide geographic spread would be viewed as advantageous compared to COL's UK centric focus (although Colliers is helped by the international network linkage). At less than 1p there is definitely more percentage upside than downside, but the risk of 100% downside is not insignificant. |
Posted at 16/11/2011 16:48 by scburbs With the shares worth tuppency halfpenny you might have expected some cuts, but the recruitment drive continues! Either Horrell is a nutter or the market is. Unfortunately I suspect Horrell is not the man to lead COL through a finance constrained market, which is not the right time for a death or glory CEO! I am not sure that a plan to expand it to death (as sufficient liquidity will not be available) and then allow First Service to buy it out of administration is quite in line with his fidicuary duties! Either that or First Service provide the liquidity to fund the expansion and then suddenly change their mind and pick up the pieces afterwards! I do have a cynical mind, so hopefully neither of these are the plan, but my confidence in Colliers leadership is very low. "Richard Divall is leaving Strutt & Parker for Colliers International's West End investment team. ... He joins from Strutt & Parker, where he was a partner in the in the West End team. He has 15 years investment experience. Tony Horrell, chief executive officer at Colliers, said: "This all part of our stated plan to grow our already strong West End investment capabilities, and we are delighted Richard is joining us. There will be further appointments in due course." Since becoming chief executive in November 2010, Horrell has made no secret of his recruitment plan, telling Estates Gazette he wanted to employ 15 senior directors, whom he planned to poach from larger competitors, niche agents and property companies." Source: EGi |
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