Lsl Property Services Share Discussion Threads

[miti 1000] 22/7/2008 09:17

Interesting Harris bros ..I presume a US hedge fund have kept increasing stake..are they expecting some miracle or is there some kind of value here??

[m.t.glass] 22/7/2008 07:45

Yep. NDH statement definitely an indicator relevant to LSL.

[miti 1000] 22/7/2008 07:26

network data results today make for interesting reading as regards surveying.Has to warn imo.

[blackbear] 18/7/2008 15:09

IG can CFD

[stu31] 16/7/2008 16:27

you can still short this with cmc on a sept expiry

[m.t.glass] 16/7/2008 08:03

And can do a daily bet with IG, which can be set to roll over day-to-day

[pictureframe] 16/7/2008 07:39

THanks I will have a look at their website

[theoriginalface] 16/7/2008 07:37

yep, just added to my dec short

[pictureframe] 16/7/2008 07:35

with an overnight running position?

[theoriginalface] 16/7/2008 07:34

can still go short with worldspreads at moment

[pictureframe] 16/7/2008 07:30

wait until the warning imo - I have tried to go short but cannot get a position I want! Sums it up really

[theoriginalface] 16/7/2008 07:28

this is starting to look very interesting again.

[m.t.glass] 15/7/2008 12:43

If you still can! Some bookies are refusing downbets with a timeframe longer than one rolling day at a time.

[pictureframe] 15/7/2008 12:29

SHORT ! ;0)

[m.t.glass] 15/7/2008 12:22

"..The number of people moving house is at its lowest level since surveyors started collecting records in 1978. There were 15.3 transactions per surveyor during the three months to the end of June, the Royal Institution of Chartered Surveyors (Rics) said. Rics said that demand from buyers remained low with many of them unable to get mortgages..." (BBC)


15.3 per quarter is barely more than one transaction a week per surveyor.


"...35% more surveyors reported a fall in inquiries from buyers than a rise in June.."

[theoriginalface] 15/7/2008 12:16

not too long i imagine.

next results announced 6th August for YE 30 June. should be interesting.

[m.t.glass] 15/7/2008 12:14

RICS today issued figures showing drastically lower activity among surveyors in recent weeks. How long can LSL maintain the nonsensical pretence that survey work is compensating for falls in estate agency business?

[theoriginalface] 15/7/2008 11:53

surveying has been holding this up, key will be what the surveying results are, we know the estate agency nos will be awful.

at some point they will have to make intangible writedowns as well i think.

[pictureframe] 15/7/2008 11:41

last results show most of its income came from estate agency - they are closing left right and centre

[pictureframe] 15/7/2008 08:44

This is not falling with the markets in general and imo is a good short candidate from here

[nmf777] 11/7/2008 10:39

thanks MT. yes, I've listened to the interview - he's quite an engaging character. i was interested in his comments about junior oilers where he sees significant upside (assuming you pick the right ones of course!)

[m.t.glass] 11/7/2008 07:23

nmf - He did recently describe this as an obvious short. There is I think a link a few posts back to a radio interview in which he looks at LSL and explains why he is short

EDIT: It was Jono in post 71 who pointed to a radio interview with Simon Cawkwell (aka EK) and this is from post 72:




Here is a transcript of what he says about LSL (starts at 14 minutes in and runs for 75 seconds)



"..there are plenty of other property stocks which, one way or another, are
sitting around waiting to be thumped..

..At the moment I'm short of a little company called LSL Property. This is a really beautiful stock to be short of because err.. it's theoretically, wrong.... You go to the balance sheet and look at its trades, you now see they're going to have a dramatic drop in income, whereas their costs will be largely unchecked. Meanwhile the liabilities on the balance sheet greatly exceed tangible assetts, so the outlook for LSL seems to me to be pretty grim.

Now what's interesting about this, is that the management until very recently were buying more shares. And I don't know why they did, because they must have known at the time they made these purchases that things were stacking up in a very gloomy way. I think it can only be that there's a certain class of manager who thinks that his energy alone can suspend gravity. But it's hard otherwise to explain this sort of conduct. But anyway, I think that's an interesting short.."

[nmf777] 11/7/2008 06:20

evil is short here I believe - does he post on this thread?

[m.t.glass] 10/7/2008 12:57

Half Year results coming out 4 weeks from now, on Aug 6 (not Aug 29 as indicated elsewhere)

[m.t.glass] 08/7/2008 14:57

LSL still defying gravity. Some hefty trades today.