Colliers Intl Share Discussion Threads

[scburbs] 06/4/2011 16:49

Plenty of recruitment activity, let's hope they haven't forgotten that the aim of the business is to make profits for shareholders not to pay large salaries and bonuses to the staff.

"Colliers International has expanded its City agency team with the appointment of John Campbell, who will work as a director handling office disposals and acquisitions.

Campbell joins Colliers from Abu Dhabi developer ALDAR Properties, where he was head of office leasing for the past two years.

The appointment follows Colliers' recruitment of Philip Papenfus as head of South East offices, and Nicholas Round as head of shopping centre leasing."

Source: EGi

[napoleon 14th] 06/4/2011 16:19

Can only move 10,000 shares online; that's a grand per deal. Unwanted or what?
Total load of trash, this one.
So that was 10K @ 10.5 online, then 30K @ 10p 'phone trade, & so over & OUT.

Director buys are no palliative;
I've known director buys followed by suspension, then liquidation.
If COL's directors are really out of their boxes, as their recovery plan would hint, then that could well happen here: they're loseing money & want to expand staff into a well covered market? Nuts! Collorectomy for shareholders....

I've cut my losses. No tears, just relief!

[muffinhead] 27/3/2011 22:48

Asset value on books as £28.7m.....gives intangible asset value of 19.2p
No tangible assets...cupboard is bare!

However they are intent on not controlling operating expenses and exceptional costs, continuing losses, so 19.2 is generous imo

There are £20m tax losses and the current market cap is ~17.2m...management compromising things further would get a cheaper bid with ability to write off future profits against prior tax losses

Professional setups are best run as a private company imo, esp in a recession. Employee and director remuneration/pension costs represent 67% of 2010 group turnover. 67% should be 50% to give shareholders any chance of a return. If there is any dead wood, its going to be expensive to get rid of it.

Management should have turned this around by now as many of their peers seem to have produced healthy results over the last 6 mths

11.5p Friday new all time closing week low...wouldn't be surprised to see this go bidless and suspension

looks a gamble on management integrity, GLA


.

[kfp] 27/3/2011 14:48

2 Directors bought 650000 each @ 15p so bid would have to be around 20p ?

[muffinhead] 26/3/2011 17:01

400 employees 4% pay rise !!

shareholders getting stuffed by management who will be looking at a buyout just relieve us all

[kfp] 24/3/2011 09:29

As I said it would be nice if CEO bought, I see there were a couple of buys of 100 k.
Look out for the RNS !!

[napoleon 14th] 24/3/2011 02:05

I must be doomed in my property share buys!
I paid 18p which now represents a B/O from the current 3 year down trend, DOH!

I guess if Colorectal's directors bought at 15p (but that's no garantee)
& ebitda has turned in the right direction, then there's a chance we're over the worst.
Their expansion policy seems iffy; going for new markets where competition is rife?
Can't they see other opportunities elsewhere? Hospitals in Lybia, LOL?!

Seriously tho', like Cammy says, a decent investment by the new CEO would give a welcome shot of confidence.

Still, wish I'd never bought them & will see how far my patience with the share price lasts...
I'm sure there's better bets elsewhere at the mo.

[kfp] 23/3/2011 11:53

Colliers Intl upped to buy from hold at Panmure Gordon, target price stays at 19p

[cammy3] 23/3/2011 10:16

Directors bought at 15p so can see some buying at these levels. Would like to see the New CEO buying in now. This will be back to 15p+ in no time

[kfp] 23/3/2011 08:24

Wait and see if the directors buy again after results,maybe new ceo ?

[envirovision] 23/3/2011 07:48

Come back take a look this time next year CR, till then no reason to hold imo.

[cockneyrebel] 23/3/2011 07:35

well a nice effort to gloss up H2 but basically they've lost as much in H2 as they were forecast to lose in the whole year.

Glossing H2 up with exceptionals wiped off of £3m odd - would like to see what they are exactly.

Still looks like a bit of a slog before these squeak a profit I expect, may as well hold till they do or die here now tho :-)

Perhaps Osbourne will help commercial prop out today.

CR

[kfp] 17/3/2011 11:03

I know it's only .25 p but that's the first rise in a long time.
Results soon ? I think they said mid March

[mathisvale] 17/3/2011 04:01

The silence is deafening.

It looks like the last rites for this one - could be a good time to buy. It all depends on whether COL has caught a cold or caught the plague

[kfp] 13/3/2011 20:04

CR
Are you still holding ?

[muffinhead] 12/3/2011 16:58

Firstservice has a 29.99% holding after Oct 09 placing and will be key decision maker


The trading update states revenue increasing but this has not translated into positive EBITDA after exceptionals for year to Dec10
"full year normalised EBITDA loss of around GBP1.5m"....how much exceptional costs?

June 2010 interims suggests probably now have run out of cash



Incomplete/late Horrell strategic review initial recommendation of need to expand ..."requires more strength and depth in the crucial, high margin, transactional markets, in particular in Central London, one of the largest real estate markets in the world" ...going to cost as there is lots of competition!!


Commenting on the review, Tony Horrell, CEO, said: "I have found the business in generally good shape and with some star performers".. nothing to review there coach, whats left?

A kitchen sink clear out and fund raising possible imo..the strategic review aspiration is a non starter at present and exceptionals are still coming through for some bizarre reason

Maybe the company listing is suspended post results/pending funding options and final strategic review... then what?

.

[hvs] 12/3/2011 13:07

Its time to PILE in.

[cockneyrebel] 12/3/2011 11:21

yep, think many were holding for news from this recent review but it din't say much to keep punters hanging in there.

Not really big selling, £5k worth at a go perhaps, but if the mm's have enough stock then they are likely to mark down on little selling I guess.

Weaker market isn't helping.

CR

[mathisvale] 12/3/2011 00:56

All sells at the moment. This is either going bust or the nadir is very close imho.

[kfp] 08/3/2011 09:27

Might try and buy the rest at 20p ?

[divinausa1] 08/3/2011 08:49

well its the lowest share price for 11 years!!!!!!

we laready know they will report £1.5m loss

[kfp] 08/3/2011 08:32

Goodness knows whats happening here, nervous selling before results ?
"The preliminary announcement of the Group's results for the year ended 31 December 2010 will follow in March. "
even the directors substantial purchases at 15p are looking sick. either a screaming buy or a profit warning !

[mathisvale] 03/3/2011 21:19

CR

Agreed - I have a small holding here and intend to load up with more when recovery is apparent