Regus Share Discussion Threads

[cockneyrebel] 01/12/2008 13:11

Miss this dip at your peril imo - RGU on the way up now after that double bottom imo.

CR

[cockneyrebel] 28/11/2008 14:22

Double bottom and breakout

CR

[cockneyrebel] 26/11/2008 15:00

Well they have paid all theier debt off, net cash balance of about £120m, and PE 4.5

These will be the bargain of the centry down here imo.

CR

[jeffian] 25/11/2008 20:04

I've always been a bear of the Regus business model - rightly up to their period in Chapter 11 and spectacularly wrongly thereafter - but I still don't understand how they protect themselves in a downturn. Regus lease all their buildings at market rent then sub-let them short-term at premium rent plus service charges. In their darkest days when they nearly went under, their occupancy rates were in the 60%'s (i.e. they were committed to paying the rent on the whole building but had nearly 40% of it vacant) and their salvation has been getting occupancy up to the 80%'s plus increases in REVPAW. Even at best occupancy rates, its net margin is around 15% so IF it has a relatively fixed overhead (as it used to have), it doesn't take much of a reduction in occupancy levels and REVPAW to wipe out all profit. At the time of Chapter 11, it was suggested that they had come to an arrangement with their landlords which gave them more flexibility but it was never explained how this worked. There is also an allusion to this in the interim statement ("However our business model with its broad range of customers and geographies and the flexibility in its cost base and lease portfolio should help us meet these challenges"). Have landlords actually agreed to variable rents? Does anybody know? Recessionary pressures are bound to affect demand for offices which will be relected in both occupancy levels and REVPAW. The model is about to be tested.

Regards, Ian

[cockneyrebel] 25/11/2008 15:13

Double bottom here? Looks well over sold based on the recent statement imo.

CR

[its the oxman] 28/10/2008 15:57

savage falls everywhere 42p now! may even have an attractive yield shortly

[jeffian] 22/10/2008 14:33

"The Company announces that on Tuesday 21st October 2008 it received notification from Douglas Sutherland, a non-executive director of
the Company, that on 20th October 2008 his wife purchased 50,000 ordinary shares in the capital of the Company at a price of £46.51 per share."

I'd have said she overpaid a bit for those!

[topdoc] 17/10/2008 16:10

Anybody know why share price has dropped 30% in 2 days.

[topdoc] 01/10/2008 22:41

Anybody got any price targets/time scales for this co?

[charlie] 24/9/2008 18:59

For long time followers, this detailed article about Mr Bonnier may be of interest

The hunt is on for suave City chancer's millions
Evening Standard 23.0.08

[topdoc] 21/9/2008 20:52

Surprising nobody seems interested in this share.

[deadly] 30/8/2008 22:26

Well the results went off like a damp squib, despite strong performance, good cash flow etc. Diversified overseas business should cushion UK slowdown and weak pound.

[jeffian] 28/8/2008 19:26

Maybe we've got our answer. Quite impressive results from MWB Business Exchange today with both key drivers - occupancy rates and REVPAW - looking quite strong. Although MWB much more UK/London-centred than RGU, if US follows same pattern, RGU should be OK.

Regards, Ian

[jeffian] 31/7/2008 23:28

If RGU's headline revenues begin to decline in the recession, the key indicator to watch out for is whether their costs reduce in line. If not, profit turns into loss pretty quickly. These boys work the (slim) marginal £ at pretty high turnover and that can turn round and bite you on the bum when turnover declines.

Regards, Ian

[jeffian] 08/6/2008 14:23

Pain in US and falling office occupancy rates both there and in UK may be about to put my theory (post 18 above) to the test. Unless RGU has some agreement with its own landlords to share the cost of vacant accommodation, those profits could vanish like mist in the sunshine (speaking of which, I'm just off back into....!)

Regards, Ian

[cockneyrebel] 08/6/2008 14:11

Rumour of the day: Regus (Morgan Stanley attempted -- but apparently
failed -- to place 27 million shares, or a 2.9 percent stake, at 96.7 pence)


Looks like the reason for Friday's tanking - must still be some stock about.

CR

[its the oxman] 19/5/2008 15:45

positive/strong trading update

[cockneyrebel] 19/5/2008 13:05

anyone know why the big rise today? :-)

CR

[topdoc] 24/4/2008 11:15

anyone know why the big fall today?

[its the oxman] 26/3/2008 09:58

over 90p now - should test 100p shortly - much better trend developing

[calamity] 14/3/2008 21:19

So where has 34% plus of the company gone to....a Private Equity firm perhaps in cohorts with CE Mark Dixon who holds circa 30% odd....looking more like a management buy out coming to me.......

[its the oxman] 14/3/2008 08:37

good results and outlook as positive as could be hoped for really - further rises in time - could be rated much higher when sentiment shifts

[its the oxman] 01/3/2008 23:59

dow down 300 - hope this is a blip, things almost felt they were starting to look up a bit.

[cockneyrebel] 25/2/2008 13:54

Steaming away, back to £1 in no time imo.

CR