Savills Share Discussion Threads

[cockneyrebel] 28/3/2013 11:11

I don't even have to add anything to this do I?

[cockneyrebel] 28/3/2013 11:10

I added more today - just a matter of time till the placing is fully cleared imo, and not long to go judging by the movement in the price today imo.

535p-545p was the quoted range so I suspect a wadge has gone at 535p and now they are moving their selling price up gradually as the stock gets cleard imo.

I suspect a ping nort once 545p clearly goes so worth keeping an eye on imo - nothing is ever guaranteed tho (except Spurs imploding at the end of every season perhaps :-)).

All imo/dyor etc.

CR

[typo56] 28/3/2013 10:12

Probably not as the company weren't doing the placing and weren't raising funds.

[prabirnand1] 28/3/2013 09:54

I wonder whether we are likely to find out at what average price the shares were placed.

[broadwood] 28/3/2013 09:51

CR/fozzie - Can't see any downside now that's out of the way. Opportunity knocked.

I've no doubt either that the Cypro/Russian situation will encourage a few more roubles into London.

[prabirnand1] 27/3/2013 14:47

And there is the divi to come.

[fozzie] 27/3/2013 14:37

I'm with you CR but on a nice big spread bet, i am as sure as i can be that the share price will go back to around the 575 level at least when this placing has finished, we will see.

[cockneyrebel] 27/3/2013 11:52

What an opportunity imo.

A week ago SVS were saying the year had kicked off strongly, now today you can get in at a nice discount of around 10% from that high just because some crowd want to sell a large stake.

That little lot will get placed before long - I added on the dip yesterday.

CR

[broadwood] 26/3/2013 11:02

Be interesting to see whose hands they go into.

[broadwood] 26/3/2013 11:00

Credit Suisse Manages Sale Of 7.8 Million Savills Shares - Traders


Today : Tuesday 26 March 2013
By Andrea Tryphonides
Credit Suisse is managing the sale of up to 7.8 million shares in Savills PLC (SVS.LN) according to London-based traders.
The sale is on behalf of Oaktree Capital Group (OAK) and is equivalent to around 5.8% of the outstanding shares. Traders say the price guidance is between 535 pence and 545 pence.
Matt Basi, head of U.K. sales trading at CMC Markets U.K. says the share placing explains why Savills' shares are under pressure Tuesday.
Savills--a global real estate adviser--is listed on the FTSE 250 index. At 1010 GMT, the shares were down 10.6% at 515 pence.
Savills declined to comment. Credit Suisse and Oaktree weren't immediately

available for comment.

[typo56] 26/3/2013 10:28

I've bought the dip. Seems a reasonable punt. Last holdings RNS I can find for Oakwood states 7.143m although talk is of placing 7.8m. I suppose they don't need to RNS again if holdings stay between 5% and 6%. Rumour is getting placed between 535p and 545p.

[broadwood] 26/3/2013 10:25

So Oaktree are ditching some. No RNS that I can see.

Typo - can you disclose your source?

I'm still happy to stay with them.

[salpara111] 26/3/2013 10:18

Was wondering why the large drop but that would make sense if they are trying to place a big chunk of stock as it will be at a decent discount to the market price.
Can't make up my mind as to whether this is a good buying opportuniy.

[typo56] 26/3/2013 10:06

Credit Suisse Handling Sale Of Savills Shares For Oaktree Capital

[hawaly] 26/3/2013 08:18

Do you think there are Cyprus issues here?

[cockneyrebel] 25/3/2013 11:33

London property going even higher on the weak pound as foreigners see London prices attractive still. SVS new highs again before long? Pretty illiquid at times so doesn't take lot of buying to get these motoring imo.

All imo/dyor.

CR

[cockneyrebel] 22/3/2013 11:14

Extremely cheap here broadwood imo - been buying yesterday and today.

These traded on a PE of 20 last time the builders were doing this well - after th ebudget I'd have thought SVS must be a knock on winner imo.

This year has started strong they say - fab chart imo.

All imo/dyor etc.

CR

[broadwood] 20/3/2013 15:17

Nothing to worry those 'mansion dwellers' from what I can see?


Artisan still holding over 10%. What better way to participate in the rarified bubble that is the London high end property market.

Welcome to the capital, Sergei.

[broadwood] 15/3/2013 15:07

'Sales volumes jumped about 14% in Knightsbridge and Chelsea'
'a record year for homes worth more than £5m'

'Savills involved in one in four prime commercial London transactions during the last quarter'

They have the London property market sewn up - and its on a tear.

Only slight negative is the doubling of commercial stamp duty in China.


Very strong figures - and no mention of the mansion tax having any detrimental effect.

[broadwood] 14/3/2013 08:22

Hitting the accelerator pedal now.

[broadwood] 14/3/2013 07:36

Savills makes progress

14 March 2013 | 07:32am

StockMarketWire.com - International estate agency Savills said a strong performance across the group reflects improving markets and the positive impact of acquisitions.

Group revenue was up 12% to £806.4m (2011: £721.5m).

Group underlying profit before tax was up 21% to £60.8m (2011: £50.4m).

Group profit before tax rose 36% to £54.2m (2011: £40.0m).

Underlying basic EPS was up 22% to 35.3p (2011: 29.0p).

Total dividend for the year is up 19%. Final ordinary and supplementary interim dividends total 12.7p per share (2011: 10.35p) taking the total dividend for the year to 16.0p per share (2011: 13.5p).

Group performance benefiting from strategic acquisitions and recruitment during the past few years which are delivering market share gains and margin improvements in core markets.

Transaction Advisory revenues up 13% and underlying profit before tax up 36% driven by strong performance in Asia Pacific and an improved share of Prime Central London commercial transactions; UK Residential business remains strong with revenues up 2%.

Record year in Asia Pacific business with profits up 18% to £32.6m.

Continuing strong growth across Savills non-transactional businesses with Consultancy revenues up 20% and Property and Facilities Management revenues up 8%.

Cordea Savills revenues up 13% on AUM up 29% to €4.4bn, through the combination of acquisition, new mandates, fund launches and inflows into existing funds.

Jeremy Helsby, Group CEO, said: 'I am delighted to report a strong set of results from the Group in 2012 with record revenues up 12% and profits up 21%. Our positions in both prime commercial and residential markets have enabled us to benefit from improving transaction volumes through 2012, particularly in the final quarter in Asia and the UK. We have reduced the losses in Continental Europe and our Investment Management business grew assets under management substantially. The changes we have made to our business over the last few years, including acquisitions, recruitment and restructuring, have improved the Group's underlying profit margin.

'We have made a strong start to 2013, particularly in the UK and Asia, and we expect to make further progress across the Group in the year ahead. We anticipate delivering continued improvements in our businesses in Continental Europe and the US although we are mindful of the risk of further weakness in some of these markets. Our Investment Management business has a good pipeline of funds to invest through its European platform. In Asia, whilst we anticipate that the most recent in a succession of control measures imposed in Mainland China and Hong Kong will have an impact on transaction volumes towards the second half of the year, the medium and long term characteristics of these markets remain compelling.' In summary, we have started 2013 more strongly than last year and we are confident in the Group's prospects for the coming period."

[broadwood] 14/3/2013 07:21

Strong results on the back of the London commercial and residential strength.

[bouleversee] 11/3/2013 18:05

Still not back to what I paid in Mar 2006, though, and current div. still pretty low after being halved in 2008. Long article in Sunday Times y'day said staff are to share in £100m bonus bonanza, some getting over £1m each. Not a word about what the shareholders were to get. I can't help thinking that next year's results won't be so good as last year's as taxes begin to bite and o'seas buyers are put off. I shall be happy to be proved wrong, however.