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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
  2.00 0.48% 422.00 420.00 424.00 420.00 415.00 416.00 9,539 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 266.7 20.9 15.9 26.5 440

Lsl Property Services Share Discussion Threads

Showing 201 to 223 of 600 messages
Chat Pages: Latest  12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
23/12/2008
11:23
Will be interesting to see how these divisional numbers from November's IMS stack up for the full year: Turnover for the ten months ended 31 October 2008 compared with the same period in 2007 was as follows: - Group turnover for the period was down by 22.4% - Surveying turnover was down by 6.4% - Estate Agency and Financial Services turnover was down by 33.3% http://www.investegate.co.uk/Article.aspx?id=200811120700139639H Not much business can have been occurring over the last two months of the year as the Guardian story above states. Overheads will be hurting LSL in this environment with little revenue to be made.
domwilliams
23/12/2008
11:04
Not only new mortgages down but remortgages too. That means very few surveys to be done and valuations. What will the army of LSL surveyors be doing ?
davidosh
23/12/2008
10:57
http://www.guardian.co.uk/money/2008/dec/23/mortgage-approvals
theoriginalface
19/12/2008
15:28
This non exec did not stick around very long and the fact that he had a new job at the West Brom BS is a lame excuse as most non execs have full time jobs. http://www.investegate.co.uk/Article.aspx?id=200812191513455102K I doubt he wanted to be linked to any headaches further down the line
davidosh
18/12/2008
12:54
LSL issued a pre-close trading update on 3 January 2008 (with results late-Feb) so hopefully will do so again in two weeks time. I'm not sure how they called it a pre-close update either!
domwilliams
18/12/2008
12:48
The director buying was the only thing that I could see that spooked a few maybe. When is the next reporting date ? IMS maybe
davidosh
18/12/2008
12:44
It can surely only be short covering. I am amazed it has a market cap of £65m. It is now loss making and has net assets of c£38m including intangibles of £105m. I fully expect goodwill write offs with the next results. Wouldn't be suprised to see a placing/rights issue sometime soon give the gearing levels also.
theoriginalface
18/12/2008
12:29
More short closures going on today - anyone have a view on this? I thought it was short-closures before though when it popped up to 52p but it didn't slip back.
domwilliams
26/11/2008
12:18
can only imagine its someone closing out short positions, maybe prior to december expiry? or a forced close?
theoriginalface
26/11/2008
12:09
Not a lot of volume reported yet - anyone know why this may have spiked up?
domwilliams
26/11/2008
10:45
another good selling opportunity presenting itself here i see
theoriginalface
14/11/2008
10:15
The surveying division will be living off a few remortgage valuations and repossesssion work as buying has dried up to just one or two purchases per week via agents....that must be a workload down by 75% or so. I will be surprised if they are not reducing headcount as no likely tick up until 2010
davidosh
14/11/2008
09:22
The interesting thing about the statement was how poorly the surveying division has performed in the last few months. At the interim stage surveying turnover was up by 12% yet at the 10 month stage it is down by 6%. I guess its a question of like for like, as at the interims the current year figures were including last years acquisitions, whereas last years comparatives weren't. However even including a part years current year effect in the last 4 months this does point to quite a downturn, especially as at the interim it was all about how well surveying was doing in the downturn!!
theoriginalface
13/11/2008
15:53
Thanks for the tip-off, davidosh - just opened a short at 39.03 with Spreadex. If anyone is interested they still have 11,000 shares you can short against (at mid).
domwilliams
13/11/2008
14:06
Just out of interest....Did Simon Embrey gain some payments or sell shares when the company floated ? Maybe he is re investing and now taking a larger share. I cannot see the outlook being better for a couple of years at least and the debt will be increasing. Are the management expectations the same as market forecasts ??
davidosh
13/11/2008
13:54
Thanks, tof - I'll check them out.
domwilliams
13/11/2008
13:32
worldspreads
theoriginalface
13/11/2008
13:31
Would love to get a short open on this again, especially as there looks to be a bit of short-closing following the CEO purchase. Does anyone know of a SB firm taking shorts on LSL?
domwilliams
13/11/2008
13:28
Last time he bought shares was back in march and he was happy to pay £1.25 - £1.30 then.....talk about throwing good money after bad.
theoriginalface
12/11/2008
12:56
It should be noted that their estate agency and financial services divisions are loss making, at the interims they were down 25% and 13% down on turnover, making combined losses of £5.2m. Now after 10 months of the year these divisions turnover is down by 33.3%, so its safe to say there is no turnaround there in performance or profitability. In the annual report it can be seen that these divisions have a combined goodwill attributable to them of £61m, this is without worrying about impaired intangibles. The company has net assets of £38m at the interims stage, and has more likely than not been loss making since then. A significant write down of goodwill would virtually wipe out all of these assets.
theoriginalface
12/11/2008
09:28
difficulty for them is that their assets comprise mainly intangibles, which will be impaired in their next annual accounts given the outlook for the foreseeable future. depending on the level of impairment this could leave the balance sheet in a very poor condition. certainly given that lsl won't turn a profit this year and its assets are largely worthless its hard to justify its value at the moment.
theoriginalface
12/11/2008
09:19
Released today and not very pretty... Since 1 July 2008, the Group has continued to perform in line with management's expectations against a continued backdrop of an extremely challenging housing market. Turnover for the ten months ended 31 October 2008 compared with the same period in 2007 was as follows: * Group turnover for the period was down by 22.4% * Surveying turnover was down by 6.4% * Estate Agency and Financial Services turnover was down by 33.3%
davidosh
09/11/2008
17:42
I think they will have to do an IMS update this week or will have breached the regulations and I guess could be suspended. It has to be next Monday at the absolute latest but the longer the delay you just feel they are trying to find something positive to balance what must be negative figures and outlook.
davidosh
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