Colliers Intl Share Discussion Threads

[scburbs] 06/1/2011 16:20

"Colliers International has been appointed joint letting agent on Brindleyplace in Birmingham.

Owners Hines Global REIT and Moorfield appointed Colliers, along with GVA, after working closely with the agent on the acquisition of the Brindleyplace estate last year.

The move comes after the owners said that it was an active investment and it would be reviewing the management of the estate.

Brindleyplace is one of Birmingham's biggest mixed-use developments and comprises more than 957,000 sq ft of prime office space, as well as shops, bars and restaurants."

Source EGi

[cockneyrebel] 05/1/2011 11:21

A couple of 100k buys today.

CR

[hvs] 29/12/2010 15:02

They was handing money over in BONUSES right left and centre.

It will .

Hang in there.

[mathisvale] 29/12/2010 13:05

It has been a long time since COL has had so many trades in a day. After 2.5 terrible years the next RNS just might contain some good news

[hvs] 29/12/2010 08:15

Looks like it wants to go higher.

Could this be THE SHARE FOR 2011 ?

[cockneyrebel] 29/12/2010 07:30

Agree - there's been a fair old bit of dilution so not hoping for 220p even in my most optimistic moods :-)

I do like the fact there's been a change in CEO recently, Co's that perform badly over a long time rarely improve well unless there are board changes. It looks to me that FirstService Real Estate Advisors who took 29% of the co in a refinancing a year ago are now putting the pressure on for a return imo. the fudraising they had a year ago was at 20p a share since then the share price has slid up till now.

David Izzet (the previous CEO) moving aside for a new CEO looks like a good catalyst for recovery imo. The fact there's director buying in size adds to good indicators imo. A lot of commercial property starting to recover and activity picking up and investors shunning property investments to a large extent all look interesting imo.

CR

[mathisvale] 24/12/2010 17:44

Perhaps 220p is a tad optimistic, as they have had a heavily dilutive share issue since then. I am hoping for 50p --> £1 in 2 years.

[hvs] 24/12/2010 13:24

Its going ballistic.

[cockneyrebel] 24/12/2010 12:48

Cheers mdchand - I'm sure it's not going to be plain sailing.

But with the directors buying meaningful amounts of shares here just before the trading statement in Jan that looks rather positive imo. If the statement was going to be poor then I think they'd have bought after the statement.

They are also expected to do £3.8m pbt in H2 this year. If that's the case then the £5.7m pbt expectations for the year ahead look like they could be beat by some way.

But even if they only meet forecasts for the coming year they are trading on a fwd PE of 5.4 @ a share price of 20p. That is very cheap for what would be a recovery stock without these beating forecasts.

I think I sold a load of these at over 220p so there's that marker to know what they could return to in time. Personally I think most investors, like myself have got bored with waiting for the recovery - hence the recent seller. But that's usually the time to be buying when the last bulls are bored imo.

Yep, I doubt these are going to be singing from the rafters going forward for some time. But you have to look at the valuation and even a modest recovery to that £3.8m pbt they look like doing in H2 could mean £8m pbt in the coming year quite easily when they look cheap just based on the £5.7m forecast profits imo.

But always got to remember it's a penny share, it's AIM and it's not clear sailing for any property co's as yet so there's risk there too.

CR

[bigbigdave] 24/12/2010 11:47

Yes, glad I set the alarm this morning 8-)

[empirestate] 24/12/2010 11:31

happy christmas fellas, turning out rather nicely here

[bigbigdave] 24/12/2010 11:06

Mini breakout here now....

[cockneyrebel] 24/12/2010 10:57

I've picked up another 80K today while there's some stock about - when that's cleared it's back to struggling to buy 10k or paying a premium imo.

Aviva increasing too.

CR

[bigbigdave] 24/12/2010 10:56

And another 30k here.........

[owenski] 24/12/2010 10:54

Been looking at commercial property as a play for 2011, took a wedge here seems to fit the bill, commercial and recovery.

Ta for the heads up CR.

[napoleon 14th] 24/12/2010 09:58

40K @ 17.84p here.
Had to do 2 x 20K online.

Looks good.

[jakleeds] 24/12/2010 09:17

30k for me...

[bigbigdave] 24/12/2010 08:07

Another 50k no problem this morning 8-)

[cockneyrebel] 23/12/2010 17:30

Well done - I managed 80K.

They made a loss of £3.3m pre-tax loss in H1 after exceptionals. They are forecast to make £500k pbt for the year. If they come in in-line (and you would think so with directors buying here just prior to the year end) then they will have made £3.8m pbt in H2.

Makes the £5.7m pbt for the year ahead and 3.7p eps forecast look very easily do-able imo, looks like they could do 50% or more than forecast on those numbers imo.

If they just meet earnings forecasts for the year starting Jan 1 the PE is 4.7.

CR

[bigbigdave] 23/12/2010 17:26

Managed 30k earlier on CR, and struggled to get those. Will be looking for a few more tomorrow hopefully.

[cockneyrebel] 23/12/2010 16:32

I reckon most punters are out xmas shopping - reckon they'll be buying when they see those director buys.

CR

[hvs] 23/12/2010 13:51

Get in there.

We will see 25p.

[cockneyrebel] 23/12/2010 11:02

:-)

I saw on Bloomberg today that London is the highest demand area for commercial property - money piling in from abroad.



CR

[scburbs] 23/12/2010 10:58

With a trading statement due in January and the year essentially complete it is astonishing that the Directors don't think they have any price sensitive information!