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Share Name Share Symbol Market Type Share ISIN Share Description
Lsl Property Services Plc LSE:LSL London Ordinary Share GB00B1G5HX72 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.22% 459.00 452.00 459.00 468.00 443.00 458.00 91,736 16:29:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 266.7 20.9 15.9 28.9 478

Lsl Property Services Share Discussion Threads

Showing 151 to 173 of 600 messages
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DateSubjectAuthorDiscuss
07/8/2008
21:39
Whenever a company cuts out a dividend payment you just know that the finances are stretched and whilst very sensible it leaves little for shareholders to hope for in the next couple of years.
davidosh
07/8/2008
21:24
On the way down! Cut your losses, get out now ....last one out switch the lights off!
madbadtrader
07/8/2008
11:11
think one of the reasons it bounced off 80p was miti closing out 50k shares. oddly in the short term don't think there'll be much to move it either way, think the market conditions will remain, but might be a while til there's another announcement. agree broadly with your prognosis madbad - think there will be a much larger exceptional by the year end, more closures, another profit warning and intangible impairments (which could be significant). Think the BS looks very shakey without a fundraising.
theoriginalface
07/8/2008
11:03
I can see where you are coming from miti - some shorters will move on having got in (on their short) before the results anticipating a big drop and now want to move on - probably explains why it came back up from 80p that it opened at. However unless Harris increase their stake, no-one in their right mind would buy any of these - next announcement will be job losses, would not suprise me if there is fund raising and I bet any money there will be another profits warning before year is out.
madbadtrader
07/8/2008
07:51
madbadtrader......I expect it to bounce as Harris increase their stake...results out of way and market has not responded whatsoever to the bad news....short term, I think its more likely that shorters will close and move on for now.Time will tell.
miti 1000
06/8/2008
17:03
Madbadtrader..This still looks a very good short to me and even the surveying side is falling on a like for like basis which seems to have been hidden.
davidosh
06/8/2008
15:37
Why close the short? This company is stuffed (by their own admission) until the housing / mortgage market improves - i.e not for the next few years, by which time the losses will have mounted and with zero profits means.... ....Job losses (already hinted at) on the way and probable fund raising - i.e share dilution.
madbadtrader
06/8/2008
13:10
ok closed my short .........so bought back 50k shares this am which is most of today's volume.
miti 1000
06/8/2008
12:56
A few comments: * The surveying division turnover rose by 12% to £44.9m (2007: £40.0m) and the underlying operating profit increased by 32% to £15.4m (2007: £11.7m). The overall surveying margin, which increased from 29.1% to 34.3%, was underpinned by a robust re-mortgage market, last year's major contract wins and strong relationships with lenders. In July '08 the C&G contract was purchased for £30m. This has added £12m revenue and £6.1m OP onto the surveying results. If you adjust the surveying numbers for this uplift then the like for like figures are decreasing - it is only the C&G element that hides this. * The estate agency turnover decreased by 25% to £39.4m (2007: £52.8m) and the underlying operating loss was £4.1m (2007: profit £6.5m). * The financial services division turnover fell by 13% to £8.8m (2007: £10.1m) and the underlying operating loss was flat at £1.1m (2007: loss £1.1m). There is £61m (at the YE) goodwill/intangibles relating to the estate agency/fin services parts of the business. If these figures persist in being poor, there have to be significant impairments. * Exceptional costs for the half year were £3.4m (2007: £ nil) and related principally to previously reported restructuring costs (£1.4m), and lease provisions and accelerated depreciation of £1.7m. The business will continue to review its cost base in light of market activity levels and further one off costs are therefore possible in the second half of 2008. Think the last part is preparing for further closures and write offs in the second half. Net assets as at 30 June 2008 were £38.0m, a reduction of £4.9m from the previous year end. Net debt as at 30 June 2008 was £61.7m, an increase of £13m from the previous year end. The Group has a borrowing facility of £95m in place until July 2010, of which £36.9m was undrawn at 30 June 2008. Assets down/debt up/profits gone - time to dig out those banking covenants.
theoriginalface
06/8/2008
10:39
The interest charge on 61.7m and increasing will be far more than just £1.8m annually ...closer to £5m I reckon. Those surveyors will be getting very quiet now as the remortgage chasing dries up. Only so many borrowers have a chance to remortgage and it will dry up when they are done
davidosh
06/8/2008
08:27
Agreed the balance sheet is mostly intangible assests - need some fundraising to keep it stable. They have banking in place until 2010 but they will need the market to recovoer by then as I cant see bank giving money so easy next time. Also interest cost was £1.8 million pounds - that a weight around the neck when loss making. Still standby this is a short candidate
pictureframe
06/8/2008
08:18
I am thinking that with things now loss making, borrowings increasing, gearing increasing - it could really do with a share issue to shore up the balance sheet.
theoriginalface
06/8/2008
08:13
You are having a laugh this share price is way overpriced !! Market Cap of £91 million - now loss making - divi gone - markets getting worse - Net debt NOW £61.7m at 30 June 2008 (2007: £56.3m) how they gonna pay that back then?? I have gone short today - easy money to be made here imo
pictureframe
06/8/2008
08:07
Agent side losing £10M pa. Negative cash flow a bit like Vanco's explanations.
handycam
06/8/2008
07:24
Loss for the HY, presumably will be a loss for the FY. Divi axed. Huge intangibles/goodwill. Increased borrowings. Not worth £90m imo
theoriginalface
05/8/2008
12:23
I cannot see the results or outlook being pretty tomorrow
davidosh
05/8/2008
12:14
Anyone holding these should get out now!!! Results day tomorrow - one profit warning already this year. Although think most people on here are shorting this.
madbadtrader
02/8/2008
09:08
"Oh yes, I come down here most mornings to feed the estate agents."
m.t.glass
24/7/2008
14:18
LSL had net assets at YE 2007 of £42m, of this £60m was goodwill relating to its estate agency and financial services businesses...if this downturn continues this goodwill is headed for an impairment.
theoriginalface
23/7/2008
10:20
The number of new mortgages approved by the major banks fell another 23% in June to a new record low. The British Bankers' Association (BBA) said its members approved just 21,118 new home loans in June, down from 27,499 in May. The figures were also 67% lower than in June last year... ... a very good indicator of near term trends in the market and suggest that this year's sudden collapse in sales is likely to continue for the rest of the year. http://news.bbc.co.uk/1/hi/business/7520834.stm
m.t.glass
22/7/2008
10:17
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??
miti 1000
22/7/2008
08:45
Yep. NDH statement definitely an indicator relevant to LSL.
m.t.glass
22/7/2008
08:26
network data results today make for interesting reading as regards surveying.Has to warn imo.
miti 1000
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