Colliers Intl Share Discussion Threads

[scburbs] 08/9/2009 10:45

From COL finals.

"'Finally, if the early indications of a return of investor interest, initially in Central London, is maintained, we are today very well placed to access this business. This is because the Colliers International network is referring potential investors to us - including German and North American funds. And with the acquisition and integration of Godfrey Vaughan, we can now offer a competitive advisory and transactional service in Central London.'"



From EGi today with both German and US funds listed as significant buyers.

"Figures from DTZ show foreign funds accounted for a record 70% of total purchases of shops and offices in central London in the first half of 2009.

...

DTZ said funds based in Ireland, Germany, the Middle East and the US headed the queue for prime London assets."

[scburbs] 01/9/2009 17:47

Good to see some selective recruitment for growth.

"Colliers recruits former NB Real Estate partner Tim Asson
Julia Cahill 01/09/2009 14:32

Colliers CRE has appointed former NB Real Estate partner Tim Asson as a director in its corporate solutions department.

...

Asson, who will be based in London, said: "Colliers CRE is perfectly placed to grow its Corporate Solutions business. It has a blue chip client list, a comprehensive network and highly professional people. I'm really looking forward to using all my skills and knowledge to grow this part of the business significantly.""

Source: EGi

[cockneyrebel] 28/8/2009 11:50

testing the recent highs today - might be a fun week next week.

CR

[scburbs] 28/8/2009 10:36

I am in here. Difficult to buy in any size so only have £100pp sb at 36p and an order filled for 10,000 shares also at 36p. These buys seem to have helped push the price up. Hopefully it will gain some upwards momentum.

Transaction volumes picking up in the UK and a lot of international buyers so referrals from the international network should be strong. Looks very cheap as reduced cost base should move them quickly to good profitability as the market improves.

[cockneyrebel] 27/8/2009 14:55

We're past the worst says Savills today.

All the bad priced in now surely.

CR

[kfp] 20/8/2009 20:39

I think you are right but thought I would take some money off the table.
Hope to buy bac on a weak day.
Staying with TTG though.
KP

[cockneyrebel] 20/8/2009 19:36

Re your question on the TTG thread - I'm still long COL kpf - I think these will be a multi-bagger over a year or so, not selling any.

Residential and commercial property both on the up - the next 6 months will see these co's coming out and saying they are ahead imo.

CR

[kfp] 16/8/2009 19:41

CR
Good find !! I see there was some buying after dropping back last week,still not up to Sir Johns last purchase @ 40p.
Wish I had followed the other guys @ 9p !
Regards
Keith

[cockneyrebel] 15/8/2009 21:13

Me to kfp :-)

[kfp] 02/8/2009 21:13

Thanks CR,
I held ttg last time (2003) from 80p to 165p I think,if they went to 2003 price I would be happy !

[cockneyrebel] 02/8/2009 16:16

No, 1.5 times 'peak earnings'

Peak earnings are the height of what they have achieved. It's usually only worth basing on the last 5 years earnings really, imo. Many brokers are working on that basis, the theory being that many of these co's will get back towards peak earnings faster than they get a return to the same volume sales, as cost cutting will mean sales go to the bottom line quicker in profits.

Basically COL will be on a PE of 3.5 if they get back to half peak earnings.

If they looked like getting back to half peak earnings (8.5p) in 2011 then in 6 monnts time when the 2010 year starts they will be on a fwd PE of 3.5 if the price doesn't rise from here. If you're anything better tha pessimistic then that looks cheap imo.

The H1 results will be interesting imo - if the losses in H1 are a few pence and they still expect to meet forecasts we might have an idea of how fast earnings are likely to grow in H2 over H1.

The other driver to a rising share price is the fact that funds have to buy a lot of these illiquid stocks when they can, not when they want to, simply because they can only buy when volume is available. Look at Carpetright, trading on a PE of 20+, trading on 10 times peak earnings and rising, simply because funds want the stock in their portfolio and are buying now with a view to the valuation growing into the price as recovery comes. They could wait and hope it gets cheaper, but then will the stock be around to buy then? Liklihood is it won't be because everyone will see the value in the price then. Peel Hunt put a buy out on Carpetright last week.

I think as in 2003, quite a lot of stocks will look like they aren't cheap going into next year (based on forecasts) but once the result surprises start coming out then with hindsight we'll see that perhaps they were great value back here.

CR

[kfp] 02/8/2009 14:11

Are you saying col share price is 1.5 times earnings ?

[cockneyrebel] 02/8/2009 10:33

Yep, I think a lot of the market got severely oversold in the wake of Lehmans.

There must be some cracking bargains out there where co's have cut costs dramatically and earnings will bounce sharply on any lift in sales. I'm sure these co's thought things were going to be worse than they have been and cut to the bone. I also think many took the opportunity to use the recession as an excuse to make more people redundant than necessary as it's hard to do that in a good economic climate imo.

Lots of these funds are valuing businesses on 'peak earnings' and 'pe to peak'. On that basis many of these co's like PDG and INCH have been trading on PE to peak of less than 1. They only have to get back to earning a fraction of their former past for them to multi-bag. I think TTG was trading on a P to peak of 2 when I bought there. COl's on a PE to peak of 1.5 at the moment :-)

CR

[kfp] 02/8/2009 10:24

CR
Iam also in TTG and I see you are as well.
We must have esp, pdg,inch etc
One of those rare times when every thing seems to come good.
Heavily into the banks so everything crossed next week !
Regards
KP

[cockneyrebel] 01/8/2009 16:56

Getting a bit slow in my old age :-)

Only paid 26p so not quite that bad. Do you know I've been watching these for a while and then a mate said he was buying on Thursday. I thought they might have hung around a bit longer but between haveing my breakfast and coming back to the screen they'd moved 3p :-(

Tough to get 20k to, my broker was told they'd have to work it and I got protected in 10k but sat here watching other buys go through. Had to get a bit cross in the end and they filled it - mm's gave my brokers some old codswallop saying someone had 'undercut them' earlier, whatever that meant?

Anyway, SVS looking well firm and breaking out and the H2 outlook here sounds positive so here's hoping.

CR

[kfp] 01/8/2009 16:37

6p too late for you CR,you are normally on the ball !

[cockneyrebel] 31/7/2009 17:29

Bought back in today.

The time looks right imo.

CR

[kfp] 31/7/2009 17:05

Not on much volume though.

[qackers] 31/7/2009 15:50

Strong move today

[mathisvale] 31/7/2009 12:17

I also feel that we are at or near the bottom and have been drip-feeding money into the market (including COL) over the last few months.

I also think that the potential gains from stock recovery is one of the best that I have seen in over 40 years. The next few years should be very exciting and rewarding.

[kfp] 31/7/2009 10:01

MATHISVALE
I cant get excited as there are only 74000 shares traded,there are only 47 million in issue.
That can be a blessing or a curse!
I was in commercial property for 40 years before I retired and I have seen lots of corrections.
I just feel we have reached or nearly reached the bottom in commercial activity.
Only my view.

[mathisvale] 31/7/2009 09:35

kfp - it looks like your timing was perfect; the next upward leg has just started

[kfp] 23/7/2009 09:16

I have just bought another 5000,might be 6 months too early but not a big amount.

[its the oxman] 23/7/2009 09:09

first half to be awful - second half to be much better - hopefully the market will focus on the latter

[kfp] 23/7/2009 08:03

I thought it might have been slightly more positive.
But could have been worse.