Savills Share Discussion Threads

[jockthescot] 10/3/2009 20:28

So - results tomorrow morning. Any predictions?
I'll stick my neck out and say better than expectations and we'll see a rise. I think the residential side will fare better than the commercial side.

Hmmmm.

[kamukak] 08/3/2009 20:07

lets me just say that Friday's price move does say any thing other then that svs share price always been very volatile. I went long on friday and my target is about £4 in four weeks time. So lets see shanksaj who got is right? just joking.

[cockneyrebel] 08/3/2009 14:24

Shanksaj - you may well be right - I will follow the charts in this sector and while they are trending up I'm a buyer. SVS very volatile and whippy - dunno what the market expects on Thursday but it will be enlightening.

I think I'll be more excited by CINE who have results Thursday too - tipped in the FT and the sector getting a big-up in the S.Times. Who'd have thought cinema's would be doing well in a recession? Strange things do happen so always keep an open mind re the property sector!

CR

[aleman] 08/3/2009 13:26

Auctions are doing well up North. Barkers small Huddersfield auction last week had 200 present. All 9 lots sold at better than expected prices. There is a growing shortage of property to buy up here at the low end as it has all flooded the market as rentals this spring with owners not prepared to cut asking prices. Prices seem to be stabilising but rentals will come on sale again as rents are still falling.

[shanksaj] 06/3/2009 23:34

CR,

Well, I respect you because of your posts on other boards in the past. But I still can't see how Savills can excite anyone come next Wednesday. This is a worldwide downturn with monthly increases in unemployment in the US, the UK's largest trading partner, still accelerating. There's a world-wide economic catastrophe still unravelling, we have no where near hit bottom yet, nor is it even in sight. Nor do I think it wise to believe that the share price of housebuilders have already seen the bottom. True, they've had a good run in last few months, but, as each week passes, their valuations are becoming increasingly detached from the real world, IMO.

As far as Savills is concerned, they have good quality staff, on good quality pay, and I expect many of them have been twiddling some pretty good quality thumbs for several months now. Savill's comments so far seem to be unduly optimistic about when the upturn will come (eg see last year's final results).

My short around 214p wasn't looking good Friday morning, thankfully its looking a bit better now.

[cockneyrebel] 06/3/2009 11:28

Sorry but I'm quoting an average wage earner with an average house.

If you want to include those on benefit then you have to include the well heeled that can go out and buy places for cash, which they are doing - take a look at the property auctions.

No rose tintend glases about it.

If you take the 'average couple' buying the 'average house' then after they put down 20% the cost of buying is half that of renting.

Obviously some don't hav the 20% but many do. Some can borrow it from mum and dad, some get given it to them by mum and dad. That doesn't mean every renter is going to go out and buy but it does mean that those struggling to pay the rent may find it cheaper to buy.

An no, if you want to borrow 3 times earnings and you can put down 20%+ then you can get a mortgage fairly easily. It's the loonies that want to borrow 5 times or only have 5% deposit that struggle - the days of those getting mortgages are over imo.

CR

[shanksaj] 05/3/2009 15:55

CR,
I just can't see it.

Tim Congden finally gets his wish:-

"
BOE TO BEGIN QUANTITATIVE EASING, JOINED BY ECB IN RATE CUT

The Bank of England becomes the first European central bank to implement a quantitative easing policy, as it announces it will buy up to GBP75 billion in medium and long-term gilts over the next three months. The bank cuts its key interest rate by 50 basis points to 0.5%, while the European Central Bank also cuts its main rate by 0.5%, to 1.5%. Gilts surge on move.
"

It seems so strange: the Govt can, in one move, cut the national debt AND help the economy.

[cockneyrebel] 05/3/2009 12:17

Yep -

SVS looks ready to fly again soon imo - very firm today.

CR

[jockthescot] 05/3/2009 09:14

Couldn't agree more CR.

The resi side in London especially has picked up slightly, although I do think Commercial property will take a lot longer.
I also wouldn't benchmark SVS against how the likes of COL and DTZ are doing. Very different business models in very different times!

Jock

[cockneyrebel] 04/3/2009 19:49

Another good day today. DTZ seemed to have a strong move too.

COL have their results out tomorrow so that might give us a guide to the sector.

Thanks above. Don't think its a short term think Shanksaj, might be some ups and downs before we get to that recent high again but trend is up over the medium term imo.

Better to buy and tuck away than watch the day to day move here as it can get pretty erratic imo, low volume moves it at times.

CR

[ok,yah] 04/3/2009 19:42

There seem to be a lot short - hence the short squeeze. Expect this to plunge once the shorts are forced to close ditto CPR. Laughable that anyone is predicting a bottom to the property market at this juncture at best the prices will stabilise before resuming their fall

[cockneyrebel] 26/2/2009 18:40

Just a chart breakout and illiquid imo - flogged three quarters of mine today when it was up 40p - nice spike but so much so quick was too tempting.

Kept a few to run.

CR

[dasv] 26/2/2009 16:21

must be a leak on some less worse than expected figures to be announced... reporting coming up yeah?

[the white house] 26/2/2009 16:10

How's about that, then!?

[fastbuck] 26/2/2009 10:51

Thanks armaan am seeing it fall steadily throughout the morning after the early spike ... strange what someone is willing to pay and what others think is crazy prices

[armaan17] 26/2/2009 10:23

fastbuck : FWIW ... SVS has been in a triangle formation for a while and yesterday it snapped out upwards and may be that triggered lots of shorts stop loss points hence sharp rise in share price Also there was a resistance level at around 268 it took that out as well and again further stop loss triggered.......imho. As we can see from todays news real estate market is still in downward slide. Looking at forward PE at current share price level is 17.5 for 08 and 18 for 09. Which is way to high. Why SVS should be on a premium rating. At PE of 10 it should be around 160 level....IMHO. We should be able to find out in couple of weeks time.

[fastbuck] 26/2/2009 09:52

Something is up. Market maker manipulation I suspect as the same thing happened yesterday to GRI up a load and then crashed back, then fell back again further today. Suspect this will be seen as a great selling opportunity.

[armaan17] 26/2/2009 09:22

US showed worse figures yesterday and $ strong against Pound and China property market is in reverse, so obviously Saville doing so well I guess hence such a strong move in the share price in two days. Oh sorry guys could it be because I took a small short position.............:-o

[greenslug] 26/2/2009 09:11

I can't belive the global property markets has recovvered overnight.

[jockthescot] 26/2/2009 08:53

Well well well, anyone know anything I don't?
Results out in a couple of weeks.....