Lsl Property Services Share Discussion Threads

[cockneyrebel] 28/1/2010 12:36

Oooo... several 100K's :-)

Winkworth very upbeat today:

M Winkworth plc


Trading Statement
M Winkworth plc ("Winkworth"), the leading franchisor of real estate agencies,
is providing the following Trading Statement for the period from November 2009
to date.
Summary
The second half of 2009 saw strong performance led by our offices in prime
markets, which witnessed price growth recovery of 20% and certain properties
returning to 2007 price levels. This was driven by renewed strength in demand
but also reduced supply, particularly in central London, spreading out to London
as a whole towards the latter part of the year.
Prime market offices reported that 60-70% of their applicants were international
buyers, with significant cash deposits, taking advantage of the weakness of
Sterling.
The shortage of available properties worsened towards the end of the year,
ensuring a competitive environment amongst buyers and above normal levels of
activity over the Christmas period.
We expect our revenue targets for 2009 to have been exceeded and remain very
comfortable of the overall result for the year.
Outlook
After the rapid rebound of property in the second half of 2009 and a good start
to 2010, despite the extreme weather, it is clear that there is significant
momentum in the market and demand for increased finance availability.
The key determinants questions for 2010 will be:
* the election and how it affects sentiment
* the outlook for interest rates rise
* the availability of finance, which continues to cheapen and increase


CR

[cockneyrebel] 28/1/2010 12:32

Someone's picked up 100K

CR

[cockneyrebel] 28/1/2010 08:09

Read what WINK say in their statement today imo.

LSL already said they are significantly ahead too.

CR

[cockneyrebel] 23/1/2010 12:43

Buy-to-let boost as demand for rented homes is up 24pc
Demand for rented homes is outstripping the supply of properties available to let, research claimed today.

[bigbigdave] 21/1/2010 17:03

Nice finish - about 6.5% up on the day

[cockneyrebel] 21/1/2010 12:49

missed it yesterday - waited for it to pull back then got busy adding more IDS :-(

nice buying today - another 50K :-)

Flying now.

CR

[bigbigdave] 20/1/2010 14:53

Yep, been adding today and yesterday.
Chart turning up.

[cockneyrebel] 20/1/2010 13:02

2 x 50K @ 277p

Overhang gone or going - chart turning up - think I need more :-)

CR

[cockneyrebel] 19/1/2010 15:16

On the up - how cheap do you want it?

20p eps forecast for the coming year and they will beat after what they have said recently.

30%+ growth here on a fwd PE of under 13 and a real class act,

CR

[cockneyrebel] 15/1/2010 13:48

Big volume - overhang clearing imo.

20p now forecast for the coming year - a PE of 13 for some fantastic growth - won't hang about once the buyers move in and there's no stock around imo.

CR

[cockneyrebel] 06/1/2010 16:37

Numis upped their forecasts to 17.2p eps for this year as of yesterday and say Buy.

Next years forecasts will get upped after the results imo.

CR

[cockneyrebel] 05/1/2010 14:03

Estate agency LSL Property Services expects to beat City profit forecasts by at least 10 per cent this year, according to its chief executive Simon Embley.

[cockneyrebel] 05/1/2010 10:56

"Significantly Ahead" - they must do 14p-16p eps for the year just ended.

That means the 19.5p eps forecast for 2010 is likely to get upped to 20p-25p imo.

You're buying 40% to 50%+ earnings growth on a PE of around 13 here!

The funds/punters love this stock - this will get chased up to the results in early march and when it breaks the previous high it's gonna add 50p-100p imo.

Press and brokers gonna drive this one over the coming weeks imo.

CR

[cockneyrebel] 05/1/2010 08:36

Spring property season approaching too - must be a positive time for LSL imo.

CR

[cockneyrebel] 05/1/2010 08:19

If these are well ahead then the fwd PE will be 12 or less - these are going to get snapped up on this valuation and this growth rate imo.

Can see these at 350p with no trouble imo.

CR

[davidosh] 08/11/2009 10:59

taffee....Could you just explain how you have calculated the £200m debt figure ? I am not in disagreement with your overall view and just doing some further research here.

[taffee] 08/11/2009 10:12

heal lost £21 mill in 2006,£24 mill in 2007 and £51 mill in 2008

Its a non business imo......lsl have taken on huge liabilities just when the housing market is set to crash....and it is by the way.

This recent rally in prices is completely unsustainable

lsl itself make no money and has £200 mill of debt on £300 mill turnover

This will go bust within 12 months imo and if not the share price will be decimated
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[kibes] 16/10/2009 16:13

vitaminize - I agree to the extent that Lloyds are completely daft to sell a perfectly good business for £1. At least it gives a clear message to sell Lloyds shares, if all the deals they are doing are like this the government will have to nationalise them 100% sooner rather than later.

I agree property prices are turning up, but why? As I am quite heavily into property I can only hope it will continue. My feeling is the next phase of the financial crisis will be screaming inflation which will force all prices up including property, so I am not inclined to sell at the moment.

[vitaminze] 16/10/2009 12:57

"The directors say that the acquisition will have a positive cash impact on the group, will be earnings enhancing and cash flow positive in 2011 and subsequent years when market conditions improve"


Kibes I see it differently to you. LSL are taking this on when housing market has bottomed out and is starting to turn. It seems a perfect time to speculate and reap the benefits in the coming years.

[kibes] 16/10/2009 12:03

Yes if they can buy the loss making Halifax estate agents for £1 what does that make the loss making LSL worth? £1 as well? What's the difference? Halifax is probably the better of the two.

[40kj] 16/10/2009 10:29

You're probably right. Plus goodwill with Lloyds for other services, presumably.

[vitaminze] 16/10/2009 09:56

You can't knock that for a deal. 218 Estate Agencies plus £22 million cash all for £1.

[40kj] 16/10/2009 08:05

Shows what estate agents and mortgage brokers are worth. HBOS also have large surveying company (Colleys) which they have not sold.

[jakleeds] 16/10/2009 07:24

Positive trading update and acquisition of Halifax Estate Agency