Savills Share Discussion Threads

[pjm4] 30/9/2010 09:47

Wig - yea down normally!

[wig123] 30/9/2010 09:24

lol! dont take much to move this beauty ;;-)

[wig123] 29/9/2010 16:11

29/09 15:32 - Spate Of Commercial Property Deals To Hit UK, Europe Markets

By Anita Likus

Of DOW JONES NEWSWIRES


LONDON (Dow Jones)--A flurry of commercial property deals is expected to hit the real-estate market as the U.K.'s Crown Estate nears a second stage of bids for a stake in London's Regent Street and sovereign wealth fund St. Martins Property Corp. Ltd. will start marketing GBP1 billion of assets across Europe.

St. Martins Property, the real estate vehicle of Kuwait, appointed property consultant Savills PLC (SVS.LN) to handle the sales of smaller properties from its portfolio. The fund said that the sale could involve individual properties or assets could be folded into larger portfolios.

Although the fund didn't disclose which properties it will seek to offload, they are likely to include a mall in London's Hammersmith, offices in Glasgow and European properties, while the fund retains its City offices, according to a person familiar with the transaction.

The person said that the fund will start marketing about GBP1 billion worth of assets in London, Glasgow, Spain and Turkey. A spokesman for the fund declined to comment.

A spokesman for St. Martins previously had told Dow Jones Newswires, "The intended sales form part of a wider investment strategy to focus the portfolio on larger property assets in London and selected other major European cities."

If St. Martins sells these buildings as part of a portfolio, it could mark the biggest commercial real-estate sale of the year and give a renewed push to the market, which has been stagnant over the summer.

In the U.K., in particular, a market where property values are slowing again after picking up last summer, renewed interest from buyers and sales of assets will lead to hopes that the market is not heading for a double-dip recession.

But vendors also are hopeful of closing the year well and, consequently, are marketing assets for sale before the year end.

Other sales could include the office block Sanctuary Buildings at London's Victoria, while the Crown Estate, which manages a diversified GBP6 billion portfolio across the U.K. on behalf of the sovereign, will accept second-stage bids for its 25% stake of London's Regent Street next week, according to people familiar with the process.

The stake could sell for around GBP400 million, valuing the property at GBP1.6 billion, and has attracted U.K. and international buyers, the person said. The Crown Estate declined to comment but previously has told Dow Jones it will keep 100% of the freehold of the estate and will continue to manage it.


-By Anita Likus, Dow Jones Newswires; [phone]; [e-mail]


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.


(END) Dow Jones Newswires

[masurenguy] 27/9/2010 11:53

PJM4 - I think you're right but the market does not always respond as expected. I had a modest short position in the Spring but was eventually closed out (for a small profit) during the rebound in July.

Still watching for another potential opportunity but not sure about the timing yet !

[pjm4] 27/9/2010 11:49

Masurenguy, I think this is over valued and has increasing debt , 15.8 profit to market cap..... i think a good short!

[masurenguy] 26/8/2010 10:00

Good set of results but the outlook statement seems to have prompted some profit taking !

"Looking to the second half, factors such as the Chinese Government's desire to contain overheating in the residential market, continued concerns over economic growth in many countries and prolonged low levels of debt availability indicate that the recovery is likely to flatten off during the coming months. Since Q4 2009 we have consistently maintained a cautious outlook for the second half of 2010, and with such uncertainties remaining we currently have no reason to change that view."

[masurenguy] 16/8/2010 08:08

Wonder what prompted this mornings 3% mark up at the open ?

Edit 10.05: LOL - obviously nothing !

[nellie1973] 03/7/2010 19:43

Broker upgrade

[simon42] 15/4/2010 18:05

Good news from the property market proping this one up imo. However, if that positive flow slows (I suspect it will) and this drops below 340 for a couple of days then we could see 310p.

[masurenguy] 01/4/2010 09:29

Still moving up - was the 30K share transaction @350p a Buy or a Sell ?

[maspkn] 26/3/2010 17:49

Strange ... especially as it is xd ... not that he divi is great. To be honest, I haven't worked out the implications for SVS as far as the budget is concerned.

[masurenguy] 26/3/2010 13:10

Wonder what caused todays spike - the share price was already extremely overvalued !

[masurenguy] 25/3/2010 15:55

Several directors/senior managers collectively disposed of circa 322,000 shares @356.5p last Monday (22/3) that were granted under their bonus scheme. Obviously decided that cashing them up was preferable to retaining them at that price. Since they slipped 6% since then it looks like a good decision.

[deadly] 18/3/2010 09:14

With underlying eps of only 14.5p, these seem way overvalued.

[jockthescot] 17/3/2010 17:53

Results tomorrow too.....

[darias] 17/3/2010 17:17

Whats to comment?

A sound firm which moves slowly but can fall quickly and then is the time to snaffle up any spare.

[jockthescot] 17/3/2010 09:41

Odd no news or comment on here given the movement recently?
I never thought there were many PI's in this share - seem mostly institutions....

[phillis] 17/12/2009 08:46

" to be significantly ahead of our previous expectations"

...which is pretty bullish

[qantas] 02/12/2009 13:34

Estate agent in grovelling apology shocker after £7 million rip off
Sarah Coles
Dec 2nd 2009 at 6:00AM

Filed under: Fraud , Property

Estate agents are hardly the most loved and trusted people in the world. We know they're out to make money for themselves. We know they don't always have our best interests at heart, and plenty of people feel ripped off after being made to pay 1% of their property's value or more for a few photographs and a couple of hours with a shiny suited salesman.

But one customer has faced a rip-off of gargantuan proportions, after being conned into selling his £10 million home for £2.9 million.
Barry McKay had faced a barrage of lies from his agent, Michael Ball at Savills when he sold his property in 2007.

He had lied to Barry about who was buying the property, to hide the fact it was a property developer who he didn't want to sell to. Michael also failed to tell him that the developer had permission to demolish the property and build a house double the size in its place - which would have had a massive effect on the value.

Barry discovered the deception, and took the company to court. Savills settled out of court yesterday, for an undisclosed sum, and issued an apology, explaining that Michael was a 'rogue employee' who had failed to live up to the standards that people had come to expect from Savills.

Barry issued a joint statement adding that he accepted this was that the case, and that Savills was a firm of high professional standards he would be happy to use again.

It's hard to know which aspect of this is more surprising: that a rip off could have taken place on such a massive scale, or that an estate agent is capable of apologising.

Personally, I'd say it's the apology.

[trader horne] 30/11/2009 19:02

hmm - recent chart now looks more like a Flag presaging another nasty lurch down

[badg] 26/11/2009 08:48

I don't think so....to my amateur eyes, it looks dangerous to try and catch fallling swords....250 looks interesting though...

Good luck

[trader horne] 11/11/2009 11:29

so we're about to turn up in an uptrend channel. About time too.

[willpeterson] 09/11/2009 09:55

A small analysis of the Savills share price chart