Colliers Intl Share Discussion Threads

[cockneyrebel] 15/12/2011 10:21

Agree Loverat - glad I never got tempted back in.

Agree re their investor relations too Wakeland.

CR

[wakeland] 15/12/2011 09:57

When the price was about 2.5p I contacted the company and suggested it was about time they issued a statement. I got a curt reply along the lines of 'when we see fit/good reason'. Their investor relations mirror their share price performance.

[loverat] 14/12/2011 17:44

Well, something looks seriously wrong with this company. Either that or the market has it totally wrong.

Could be either.

[daddy2010] 23/11/2011 19:42

Actually the 'broker rumour' is that these are BUST hence why you can only sell a measily 10000 shares (£175) before moving to negotiated trades. Oh dear!!

D

[cockneyrebel] 16/11/2011 18:58

I haven't bought back and don't think I will but think the shares probably rallying on a bid rumour that I heard, whether it's true I can't tell.

I can see the attraction tho - £65m of sales for a mkt cap of £3.8m - could be a nice bolt on for someone in the industry.

CR

[scburbs] 16/11/2011 16:48

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

[kfp] 11/11/2011 11:27

Where is everybody (sensible ones) ?
Have you seen the trades going through,Could be a 5p bid coming from the main shareholder ?
Just topped up at 2.61p.

[scburbs] 10/11/2011 12:36

A reaction to DTZ I suspect. Also they look fairly silly with their crazy recruitment policy, cost base is too high.

[mathisvale] 10/11/2011 12:14

COL is undergoing a crisis sell-off, ie large increase in selling pressure with no buyers.

Either COL is going bust or this is the time to buy - not sure which

[kfp] 09/11/2011 15:58

empirestate
Afraid you wont find anyone on here to wind up !

[empirestate] 09/11/2011 14:33

looks like these lot have had it. they certainly need some funding. the bs is in such a poor shape now.

[scburbs] 20/10/2011 14:50

Good to see Colliers picking up work from administrators (who will be a good source of work).

"Administrators to a large, vacant office building in Bracknell have appointed agents to dispose of it.

Martin Ellis and Trevor O'Sullivan of Grant Thornton, joint administrators of Two Orchards, have appointed Colliers International and Jones Lang LaSalle to lease and sell Maxis on Western Road.

...

Maxis was developed in 2009 and is the only new build 200,000 sq ft office scheme available in the Thames Valley market."

Source: Property Week

[scburbs] 11/10/2011 16:17

Another good client Colliers have in Aviva. Come on First Service, you know you want to ....

"Aviva Investors is selling its Travelodge hotel adjacent to Marylebone train station, NW1, for £13.9m.

...

Tim Meakes, investment director of Colliers International, which is advising Aviva, said: "The Travelodge hotel in Marylebone occupies an excellent position and offers an investor an ideal opportunity to participate in the London hotel market with the benefit of inflation-linked growth.""

Source: EGi

[scburbs] 10/10/2011 16:45

Another nice win. Come on First Service, there has got to be some value in Colliers somewhere, much better to take advantage of the current low share price, make a half decent offer and sort out the growth/profitability mix as a private company.

"A Spenhill and Ropemaker Properties joint venture has appointed Colliers International to manage its Willow Brook shopping centre in Bradley Stoke, Bristol.

The 295,000 sq ft scheme is anchored by Tesco Extra and has 19,000 sq ft of offices.

Colliers International's shopping centre management portfolio now totals 23 schemes across the UK and Eire.

Sophie Orme, director at Colliers International said: "We are extremely pleased to have been awarded this instruction. This is an excellent scheme, with growing footfall and visitor numbers, in a highly accessible location.""

Source EGi

[scburbs] 30/9/2011 12:13

Cerrito, They may have been winning some business, but they have been taking on far too many people for an expansion which is not materialising having never properly sorted out the cost base. Very poor management, not impressed with the new CEO. Sort out profitability and then expand.

They don't have enough capital to do otherwise so if they want to follow another strategy, First Service should make an offer to take them out and then they can do what they like.

[cerrito] 30/9/2011 10:35

I did think about going back into COL some months ago when the price was around 11 and glad I resisted the temptation.
Given Ritblat's experience I read his statement with special interest and on a macro property level it was very gloomy:
ie
quote
The property investment market is also likely to remain flat with transactions in 2011 and 2012 struggling to reach 2010 levels. Transaction volumes by value were down by 25% in the second quarter of this year compared to the equivalent quarter in 2010. The annual year-end surge may not arise this year. Capital values, however, are likely to remain stable with the weight of both international and domestic money looking to invest in prime assets counterbalancing the weak economic outlook and the limited risk appetite of institutions for non-prime. Few truly prime assets are expected on the market but banks, having had time to write down assets to realistic levels, are now more likely to sell good quality secondary assets.



Tertiary assets on the market are not likely to attract much interest; debt is generally not available, tenants are vulnerable, and alternate uses are uncertain. Unless there is a sea-change in investor outlook or strategy, the total value of UK property investment transactions in 2011 will be lower than in 2010.

unquote
While I note scburbs that they have been winning business, they will have to win a lot to make a profit and the current share price is fair and even may be generous.

[scburbs] 19/9/2011 11:16

"Dixons Retail has retained Colliers International to compile a list of proposed store disposals."

Source: Sunday Telegraph/EGi

[scburbs] 26/8/2011 10:55

Good to see Colliers picking up public sector work. Lots of public sector property work to go for given the austerity drive.

"Colliers gets police brief
26-08-2011 | 07:00 | Print
Staffordshire Police Authority has briefed Colliers to sell its former police headquarters in the county.

The building is on a 16-acre site near Stafford.

26/08/11 Times 54"

Source EGi

[scburbs] 23/8/2011 15:09

"Colliers International has poached Christie and Co's James Shorthouse to become the new head of its licensed and leisure business."

[kfp] 18/8/2011 08:21

Anyone notice the unusually large deals in the last week ?
No affect on the sp,I wondered if it was someone taking a stake from a large holder.Who knows.

[scburbs] 15/8/2011 11:27

If in doubt recruit your way out!

"Colliers International has appointed Douglas Bonham to head its new out-of-town offices team in Birmingham.

Bonham, an associate partner with niche agency KWB, will join Colliers as a director in October."

Source: EGi

[scburbs] 08/8/2011 18:01

Interesting to see the UK business having the skills to work on projects in the Middle East and Asia, a potential growth area here. Given Colliers International is a global business it is good to know that the UK business has skills that the international network does not always have locally.

"Specialist destination consultancy, Locum Destination Consulting has rebranded to Colliers International Destination Consulting as of 1 August 2011.

Since the 1990s, Locum has been the UK's leading consultancy practice specialising in destination development, leisure, tourism, culture, heritage and visitor attractions, and as of 2006, the team has been part of Colliers International, one of the UK's top real estate advisory organisations.

...

"Being a part of Colliers' global network has already opened doors for us in the Middle East and Asia Pacific, where we have been working on a wide range of schemes including resorts, mixed-use developments, waterfronts and cultural and heritage attractions.

"We look forward to working even more closely with our Colliers counterparts across the globe and further enhancing our service offer to clients.""

[scburbs] 02/8/2011 16:42

and some more!

"The Birmingham office of Colliers International has appointed two consultants to boost its regeneration and public sector offer.

Regeneration experts Will Evans ... and Steve Compton ... have been appointed to identify suitable opportunities and help cash-strapped local authorities get them off the ground."

Source: EGi

[scburbs] 01/8/2011 14:52

More recruitment activity!

"Colliers International has expanded its UK development consulting and agency team with the appointment of Anthony Shapland as a director in its London office. ... Before that, he spent two years as property investment manager for Marks & Spencer and six years at Sainsbury's as a development executive."

Source: Property Week/Factiva