Lsl Property Services Investors - LSL

Lsl Property Services Investors - LSL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Lsl Property Services Plc LSL London Ordinary Share GB00B1G5HX72 ORD 0.2P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 260.00 13:44:35
Open Price Low Price High Price Close Price Previous Close
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Top Investor Posts

uncle_sam: Now new results 5 months later and no new posts here either. Yes, Oxman, This share showed up on my radar screen after Brexit but like all companies in the real estate space most investors are holding fire on them for a bit, me included. Even a 5% divi isn't sufficient reason right now so I am watching closely but not committing yet. As for a "return to 410 over the next year or two", that will be a tall order and I doubt it.
wynmck: From Sat's Mail:Market Report LSL Property Services,the UK's second biggest estate agency and surveying group,jumped 14.5 to a 52wk high of 470.5. It should be a major beneficiary of the revitalised housing market,which will be further buoyed by mortgage and interest levels staying at record low levels for a while yet. Investors now hope that it will undergo a major re-rating to bring it up to speed with Countrywide,the industry's biggest.
wynmck: Investors Chronicle main Buy tip today-Play the mortgage recovery with LSL.
investinggarden: Speculative Buy rating from Growth Company Investor
davidosh: Very strange the high volume and increase yesterday but Evil Knieval and Lucien Mears the well known short sellers and market commentators gave a 40 minute Q & A presentation at the Master Investor Show today. There were about 1500 investors and company directors in the audience and they gave four star picks to SELL for 2009. They were... Punch Taverns LSL Property Carpetright Proteome There may be a knock on effect from that.
domwilliams: I'm loath to post because everytime I do the price goes up! But here goes... House sales 'at lowest levels for 30 years' The housing market slowed to a virtual halt at the end of last year as the number of properties sold reached a record low, the Royal Institution of Chartered Surveyors (RICS) said. It blamed the lack of mortgage finance for the lowest transaction levels in 30 years. Surveyors reported that potential buyers, including first-timers, had been unable to take advantage of falling house prices because lenders would not grant home loans at affordable interest rates to any but the most cash-rich investors. ------------- I suspect LSL won't be issuing a Trading Update as they did in early-January last year, so we must wait until the Final Results are issued. Last year they issued them on 27 Feb, but I believe that they have 4 months to release them. Can anyone confirm this timeline? Short of waiting for a turnaround in property transactions to prop up the SP, there is no reason to delay their release much beyond the two-month period they took last year.
13:22 local Yorkshire news report: LSL PROPERTY Services today became the latest company to be hit by a downturn in the housing market as it issued a profits warning in its estate agency division. The York-based group, which operates under the Your Move and Reeds Rains estate agency brands, also said it would tackle the "unprecedented" low levels of transactions in the residential property sector by reducing its cost base. It is understood that this will be achieved by closing branches and making redundancies 2:45pm EDIT: I see someone has since added a comment: Estate agency staff will have sensed redundancies coming of course. The trouble now is that LSL is a stockmarket listed company, and investors have been fleeing long before today's official announcement. What investors also know from bitter experience, is that profit warnings tend to come in threes! The initial warning is usually worded as gently as it can be in the circumstances, outlining measures being taken to mitigate the impact of hostile market conditions, trying not to scare investors away altogether. Sadly there is invariably a second warning some weeks later in which the conditions are reported to have been even worse than first thought. LSL acknowledges that its estate agency division is suffering. It doesn't appear to fully acknowledge that some of its other services are heavily dependent on house sales, which we all know are drastically down and getting worse. I fear we might yet see redundancies way beyond those in the estate agency division. Albert Winstanley
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