Savills Share Discussion Threads

[troutfish] 25/6/2008 11:12

The cash from the sale of Savills 50% share in Infinergy earlier this month, stated by Savills in the press release to add another £17m to their profits for 2008, and £6m for 2009 (total £23m) now makes Savills look even better value than when Investor's Chronicle said they were "Good Value" at 353p in March.

----------------------------

INVESTOR'S CHRONICLE
14th March 2008
(Page 95)

IC View

"Savill's shares have lost half their value in the past 12 months, but the firm's diversity means it s well placed to weather the crunch, so we retain our good value rating".

"Good value: 353p"

[badtime] 12/6/2008 21:49

Agreed deadly...i dont think tuffbets comments above allow for some astute management

[deadly] 12/6/2008 21:45

Excellent deal today. To sell 50% of a joint venture, that has only £0.6m in assets and made £2m losses last time, for £23m in the current market is a great result.
The regular proceeds should be good support and cash input of the next few years.

[tuffbet] 27/5/2008 12:48

Can only see this going one way as the credit crisis moves on from the banks to the consumer - interesting Audio/video on Bloomberg today from Meredith Whitney, the only analyst to really call the banking crisis and to stay consistent with her predictions that things would get much much worse.

It's half hour but well worth 30 minutes of any investors time, even if you don't agree with her - for what it's worth I do

[phillis] 07/5/2008 15:37

Responding to Tempus

[mike24] 01/5/2008 10:16

1/5 nzherald.co.nz
exodus of agents from industry
house sales have hit a wall in recent months
can't understand why e/a ain't screaming to get things moving
ie use an increase in stamp duty as a way of controlling rocketing prices and then abolish in a downturn? and a long one this could be
even the nz PM tried to the ramp auckland waterfront to
match sydney's prices, yet the builder went bust in feb o2 trying to get just60k a flat for the best auckland location princess wharf, search the net for prices now!

[captainchablis] 03/4/2008 10:08

Can this stock handle all these mortgages being withdrawn?

[grigor] 13/3/2008 16:59

"In further comment, non-executive chairman Peter Smith said 2008 will be a
challenging year for the property industry worldwide. But he said that with
its broad range of services, its high quality staff and its geographic spread
Savills is well placed to seize the opportunities.

[dasv] 13/3/2008 15:36

grigor - you referring to SYG or SVS?

[cockneyrebel] 12/3/2008 18:20

Nice response to the results. Anyone here looked at COL? Similare outlook, trading on half the PE of SVS and a 7% yield, strong balance sheet with £3m cash. Different size co's but I'm surprised at the discount COL trade to SVS.

CR

[huwrayhenry] 12/3/2008 17:55

market holding share price up...wait for down day..timber.

[grigor] 12/3/2008 12:31

Directors use the C word for the company's outlook

[dasv] 12/3/2008 10:33

Check out the chart for Speymill (SYG). If you don't know they are involved in property in Macau (where gambling has now overtaken Vegas) and Germany where there has been no bubble.

The share price however has been absolutely hammered.

One to keep an eye on for the future - I expect further downside for SYG from here, but if they survive the credit squeeze/downturn, there will be plenty of upside in a long term view.

[nickcduk] 12/3/2008 09:27

I guess it was better to have travelled than to have arrived. Results were good as expected and outlook was cautious. I think they are being optimistic. Conditions are grim out there and the markets that were resilient are now showing signs of weakening. Bear squeezing this morning has obviously helped.

[deadly] 12/3/2008 09:27

The market likes the results and so do I. What do you mean it should be trading on p/e of 7-8?. It is.
And the outlook is surely very bright

[nickcduk] 10/3/2008 19:37

Apologies for my mistake. Thanks for the correction copyright.

[copyright] 10/3/2008 15:08

nickcduk...results are on Wednesday 12th March NOT tomorrow Tuesday 11th.

[nickcduk] 10/3/2008 14:26

Quite determined selling ahead of results tomorrow. Never a good sign. Shares look overvalued imo versus the rest of the market. Should be trading on a p/e of about 7 or 8. Next years profits will fall sharply so the shares should be a lot lower.

[jockthescot] 10/3/2008 14:20

Dasv,

Precisely - which is why I believe there is value here over the next few months/years than in say DTZ, Colliers amongst others.

Jock

[dasv] 10/3/2008 14:03

yes but the market has re-rated them along with other less diversified property plays.

[jockthescot] 10/3/2008 13:41

Agreed - in addition it is the Trully global nature of their business which differentiates them from competition.

[yewtrees] 10/3/2008 13:11

Savills residential is unique, it sells mostly larger houses with an acre or more. Take a look at Savills website at any district and half of the houses will be sold or under offer.

[dasv] 10/3/2008 10:42

Yep false dawn.

Just saw the CEO of Bovis on BBC breakfast this morning virtually begging for a rate cut.

I think they said sales of new builds were 20% down and 1 in 3 mortgages applications are being rejected.

The general impression I got was he was desperate and believed the government should bail him out of a mess Bovis could see coming a mile off. It's not like nobody has ever suggested the UK housing market (particularly new builds) is over-inflated.

He made no mention of the disasterous effect on inflation a rate cut is likely to have.

Also in the news today, input costs up a staggering 19%.

Commodity inflation is getting passed on to the consumer. Couple that with tightening lending at higher APR's and I don't see why anyone would be long on UK property. No position here but if shorting was my style I would have gone short this morning.

[dasv] 05/3/2008 12:24

no worries Jock