Colliers Intl Share Discussion Threads

[robsy2] 16/6/2008 16:26

Yes definitely one to watch.I wouldn't rush in too quickly though.

[mathisvale] 12/6/2008 06:41

It looks like a good decision now not to have bought this stock when the share price shot up to 75p. I think that this stock has large recovery potential - when the recovery starts. It is all a matter of timing

[hectorp] 08/6/2008 17:44

CRE is back on my close watch list. But I am too canny in this market to buy into this sub-sector ( eg Cre or Savills) instead I keep adding eg over in Russia RUS.
But COL looks interesting. With many of these bombed shares and COL has to be bombed out being off 80% from highs, there could yet be a better time to buy.

[cockneyrebel] 16/5/2008 10:01

Ticking up. I'm holding, but then I'm in profit so it's easier Courant. Too cheap for me to sell.

CR

[courant] 13/5/2008 09:28

FWIW, I've sold out here now. I made the wrong call on these and had to stomach a 60% loss, which is not something I like doing! However, I read the trading update as a profit warning and I just can't see things improving for COL anytime soon, both in their marketplace, business, and the appetite for these kind of shares among investors. Without exceptionals and with their relatively high cost base, it's quite likely that the EPS will hover around the 10-11p mark and, at at PE of 6, there are better opportunities in the market at the minute.

Courant

[cockneyrebel] 12/5/2008 13:18

4 on the bid @ 57p Frauddy - firming rather fast.

CR

[cockneyrebel] 12/5/2008 13:14

Hope you're catching the bounce Frauddy - I did :-)

CR

[cockneyrebel] 12/5/2008 11:19

Well the buyers are in here now.

CR

[cockneyrebel] 12/5/2008 10:28

AXD - warned - plunged - back to pre-warning level nearly.

QDG - warned - plunged - back to pre-warning level nearly.

COL - warned - plunged -

The punters are buying the warning dips imo - they know things are oversold and any mild warning just overdoes it even more imo.

CR

[cockneyrebel] 12/5/2008 09:50

I see punters can sell a a 1.5p premium - and the company is know to have had a bidder stalking them. I'm sure they won't get a better time to strike.

CR

[cockneyrebel] 12/5/2008 09:46

Well if that's right Bench they are being highly cautious imo and it's stll only a PE of 7.5 and a 9% yield.

CR

[cockneyrebel] 12/5/2008 09:44

Fraddy - you mean you are clearly a buyer. These have no debt aside from a tiny bit ythey have created recently to make an earnings enhancing acquisition.

Results are always weighted heavily to H2.

Q1 sales are down a tad. In H1 last year COL did 4.4p.

Sorry but they might do around 4p eps in H1, far more in H2 and they have the earnings enhancement from the Godfrey Vaughan acquisition.

They are currently paying a 9% yield.

I can see why you are interested Frauddy - if they missed the 14p eps and only did 10p the PE would be 6, way below that of Savills.

As it is they say they are confident of their medium term performance and the year end forecast is for nearly 15p.

I ain't selling, as much as you would like to create that illusion for your own gain Fraudds.

CR

[bench2] 12/5/2008 09:28

New EPS forecast from panmure and hardman is for 7.6p for 2008 post AGM statement.

[ydderf] 12/5/2008 09:20

but there's nothing there, think an empty shop fitted out as an estate agents and open your door to a collasping property market, but x myriad cos you have been a naughty aquisitive company paying top prices for other 'businesses' - they have zillions of fixed costs to pay, the delcien onloy rally got going in March - see builders statements - they are TOAST! its just gonna take a few months before it is reflected on the accounts......crookney you are clearly a seller, you are too smart to be anything else!

[philjeans] 12/5/2008 09:01

That was a profit warning - still waiting sub 50p. Div yield may yet be illusory.

[washbrook] 12/5/2008 08:37

Diversity helped property services firm Colliers CRE to weather a tough second half of 2007. All the same, the group's business in the investment market has suffered due to a substantial drop in the volume of transactions resulting from the credit crunch and falling property prices. And while Colliers' professional services activities have taken up the slack, this is lower margin work so the downturn has affected profitability.

IC 6.3.08

[washbrook] 12/5/2008 08:31

WATCHING THIS FOR AGES.
A BARGAIN PRICE.

[kfp] 12/5/2008 07:57

Also bear in mind how far they had already fallen in the last 12 months,is it already in the price?
Long term investment,which is a short term one gone wrong !!

[cockneyrebel] 12/5/2008 07:49

Yes, I think the markdown this drastic is to get stock on the cheap, - how can net 20K sells (£6K worth) wipe £6m off the mkt cap?

CR

[kfp] 12/5/2008 07:31

Stock might be picked up by the rumoured bidder,if the price recovers that might be the case.
Anyway anybody that held this stock knew the commercial market is going to get worse.
I remember 1973,"to let" signs didn't go up until 74/75.

[cockneyrebel] 12/5/2008 07:15

Selling here is mental imo - some punters are going to pick up a screaming bargain later today imo.

CR

[cockneyrebel] 12/5/2008 06:42

Forecast is for nearly 15p eps this year, the yield is 8%-9% on this mark down. What is factored in?

No debt to speak of and they say they are confident of their medium term objective.

Yep, if you read it as you have done it's not fabulous but if you look at what was forecast, the valuation and the yield these were already oversold imo.

They are on half thje valuation of Savills ! How is that expensive when many say SVS is screaming cheap?

Total transactions is what matters most, not the value of them.

I bet these do the same as QDG last week - markdown will get bought up imo.

CR

[cockneyrebel] 12/5/2008 06:26

That's the most positive statement I've heard from a co in this sector.

Sales were forecast to fall over 5% this year, they look ahead of that. Also they have the earnings enhancing acquition recently.

The say sales prices are down but as they have often said it's sales folume that matters most to them, not the prices.

Confident they can deliver medium term objectives.

Very cheap stock, little debt, very low PE nearly half that of Savills.

CR