Lsl Property Services Share Discussion Threads

[cwa1] 13/8/2014 07:38

Morning

Ex a special plus ordinary dividend of 20.5p per share today, so not TOO much to get exercised over really opodio.....yet :-)

[opodio] 13/8/2014 07:10

new low

heading for 270p

[onjohn] 11/8/2014 09:43

Going to get shot to bits from reduced mortgage availability

[shauney2] 06/8/2014 11:57

Find it hard to believe the drop first thing.I bet the director who bought 30p higher yesterday does too.

From the IC

LSL Property Services (LSL) was canny to invest in Zoopla four years ago. The £1.9m investment had grown to £44m by the time the property portal listed on the stock market earlier this year. LSL realised part of that investment, generating £18m, which explains the massive increase in reported pre-tax profit. It now intends to return that to shareholders, after tax, through a special dividend of 16.5p. That tops the yield up to an eye-catching 7.5 per cent.

[kkbabe] 06/8/2014 06:48

The recent price fall has been overdone. There is a slow down in the market which may have some impact going forward but things look pretty steady and the expected end of the professional indemnity provision should help offset any short term slowdown. This looks like a very good buy at this price.

[kkbabe] 06/8/2014 06:48

The recent price fall has been overdone. There is a slow down in the market which may have some impact going forward but things look pretty steady and the expected end of the professional indemnity provision should help offset any short term slowdown. This looks like a very good buy at this price.

[speedsgh] 05/8/2014 11:54

The business remains extremely well placed to benefit from the higher market transaction levels in 2014 and as a result we have announced a substantial increase in our interim dividend of 21% to 4.0 pence per share (2013: 3.3 pence). As previously announced, we are also returning the net proceeds after tax of the sale of Zoopla shares of £16.8m to shareholders by way of a special dividend of 16.5 pence per share to be paid at the same time as the interim dividend payment.

[speedsgh] 18/6/2014 08:25

Zoopla Offer Price and Return of Proceeds -

LSL Property Services ("LSL") notes today's announcement from Zoopla Property Group PLC ("Zoopla") that the IPO price has been set at 220 pence per share implying a total market capitalisation of Zoopla of £918.8 million.

As part of the Offer, 8,890,014 Zoopla ordinary shares are being sold by LSL (prior to the exercise of the 10% over-allotment option), representing 2.1 per cent of the 417,642,460 Zoopla ordinary shares that will be in issue at Admission. Gross proceeds realised by LSL will be £19.5 million (prior to the exercise of the over-allotment option). LSL has made available up to 926,813 Zoopla ordinary shares that are subject to the over-allotment option.

Following admission, LSL will continue to hold 2.6 per cent. of Zoopla's ordinary shares (assuming the full exercise of the over-allotment option), which are subject to a 180 day lock-up.

The Board of LSL has decided that it will return to shareholders all of the proceeds from the sale of Zoopla ordinary shares in the Offer, after the deduction of costs and applicable taxes (including corporation tax). Further details will be provided at the time of the LSL's Interim Results on 5 August 2014. It is expected that LSL will make this return to shareholders in September 2014.

[jaws6] 22/5/2014 07:17

Zoopla news out so might get some money back here

[kkbabe] 06/3/2014 09:30

Good set of figures and a cracking uplift in the divi with encouraging comments for the future. This should be set for upside from here. Every expectation that this should double in the next two years

[dasv] 24/1/2014 13:44

from LSL interims - 6th Nov

Outlook:



Market transaction levels have now shown year on year growth for six consecutive months. Total mortgage volumes in the third quarter of 2013 were 24% higher than in the same period in 2012. The Board is confident of delivering trading performance in line with its expectations for 2013.



Activity levels across LSL have increased and the business is continuing to make significant investments in both Agency and Surveying to build capacity for further growth. With the recent launch of the Help to Buy Mortgage Guarantee Scheme, the outlook from lenders continues to be positive and as a result the Board is optimistic that market growth will continue throughout 2014.



The business is extremely cash generative and has a strong balance sheet with relatively low levels of financial gearing. LSL is very well placed to benefit from its operational gearing in the improved market conditions and to combine this with further selective value-accretive acquisitions to increase shareholder value.

[ryandj2222] 03/12/2013 13:17

I've bought back in today after the fall it seems to be headed back up again.

[maurillac] 02/12/2013 10:15

well it looks like a buying opportunity to me. this fall today must be due to consideration over changes re help to buy .. unless there is a bad bit of stock- specific news to come out ? no idea what that could be though ....
m

[the skunk] 02/12/2013 09:52

5th September is all that is showing up for me. Brokers target 505p t0 626p at 6th/13th Nov.
Is this a buying opportunity. Banks still have a lot of cheap money to keep the housing market stable/ going for some years to come.

[maurillac] 02/12/2013 09:44

from the interims:
"the Board is optimistic that market growth will continue throughout 2014.
The business is extremely cash generative and has a strong balance sheet with relatively low levels of financial gearing. LSL is very well placed to benefit from its operational gearing in the improved market conditions".
so whats not to like ? i dont understand the drop either. (another c 5% this am !) fortunately im not a holder but this is on my watch list.
m
ps when were directors selling ?

[kkbabe] 30/11/2013 12:07

What is going on with this company? Good statement, the property market beginning to move again, UK returning to growth and yet the directors are selling and the price is drifting down. Something nasty is about to be revealed, I feel it me bones.

[kkbabe] 30/11/2013 12:06

What is going on with this company? Good statement, the property market beginning to move again, UK returning to growth and yet the directors are selling and the price is drifting down. Something nasty is about to be revealed, I feel it me bones.

[macminchus] 29/9/2013 10:43

What are people's thoughts on the 2nd phase of help to buy. I think it will help the stock but interested to see others thoughts?

[gbb483] 16/9/2013 18:10

Macminchus
16 Sep'13 - 17:12 - 488 of 488 0 0 (Filtered)

[macminchus] 16/9/2013 16:12

touched 491 today

[macminchus] 13/9/2013 15:55

I can see £5.00 soon.....