Savills Share Discussion Threads

[bouleversee] 16/5/2013 11:35

Many thanks.

[call-logger] 16/5/2013 11:06

Yes - see post 352

[bouleversee] 16/5/2013 10:12

Selftrade have credited my acct. with 2 divs. on May l3, one at 0.06p and one at 0.067p. Is this correct?

[banj] 15/5/2013 10:30

throu 6 : )

[bouleversee] 15/5/2013 09:56

What do you mean by physiological barriers, please?

[cockneyrebel] 15/5/2013 09:17

I think RMV and SVS are both great knock on plays to the property market that are still under the radar based on ratings and the growth going fwd in a stronger property mkt imo.

CR

[mike24] 14/5/2013 07:40

svs might struggle to get above 6 quid
and rmv at 20quid as physiological barriers short term,
as investors take profits

RMV put a record 62 props on the market in the last wk
in just one 3mle radius, including price reductions on existing sales
nai

[cockneyrebel] 13/5/2013 13:46

600p gonna get taken out soon imo - a breakout here would mean a great rally imo.

CR

[cockneyrebel] 10/5/2013 07:44

Dip being bought - lovely bowl imo

CR

[broadwood] 08/5/2013 11:05

Savills was performing well on Tuesday morning after UBS upgraded its stance on the stock from 'neutral' to 'buy', saying it sees further upside from a global real-estate recovery.

"We believe that Savills remains well placed to benefit from a continued recovery in global real estate markets. Specific sources of upside include: reversing losses in Continental Europe, cost control and further transaction volume growth," UBS said.

[broadwood] 08/5/2013 11:02

Looks like Hong Kong was the culprit, everywhere else trading just fine. A safe enough home here for the moment. London still behaving excellently. And I'm not complaining about that personally.

- Real estate advisor Savills traded in line with expectations in the first four months of the year with strong growth seen across the Asia Pacific region.

The company said Asia achieved substantial improvements year-on-year.

However, Hong Kong will be affected by the latest round of government control measures, with volumes falling by 30%. The doubling of stamp duty on commercial transactions in the city has also reduced the aggregate value of business since the new measures were implemented in March.

Nevertheless, improvements in trading in other parts of the region, particularly Australia and Japan, are expected to help mitigate the financial impact of reduced transactional volumes in Hong Kong.

In the UK, the company continued to maintain a significant share of the prime central London investment and leasing markets.

The increasing interest of overseas investors in central London assets resulted in more domestic investors looking to opportunities in the UK's principal regional cities.

"Whilst it is still too early to be definitive, if this trend continues we expect to see some improvements in our regional UK business through the coming period," the company said.

The prime residential market in central London continued to perform well with year-on-year increases in volume and value.

The US business has also shown improved performance in comparison with the same period last year and Cordea Savills, the group's investment management business, met expectations.

"As previously indicated, we expect that our trading result to date will result in a stronger first half performance than in 2012 with the full year outlook in line with our expectations," the group said.

[cockneyrebel] 08/5/2013 10:12

Without any upgrades these are on a PE for 2014 of 13.

In strong property markets these have traded in the past on PE's of 22.

I think the 43p eps forecast for 2014 is likely to rise sharply imo. Brokers have been upgrading 2013 forecasts before today.

All imo

CR

[cockneyrebel] 08/5/2013 10:06

These are way too cheap imo - must get upgrades imo.

Breaking out.

CR

[cockneyrebel] 08/5/2013 10:03

Lovely trading update

RNS Number : 2291E
Savills PLC
08 May 2013
8 May 2013
SAVILLS PLC
("Savills" or "the Company")
AGM Statement and Interim Management Statement
Savills plc, the international real estate advisor, is today holding its Annual General Meeting (AGM) at 12 noon, 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ and provides the following Interim Management Statement (IMS) for the period to 8 May 2013.
During the first four months of the year Savills has traded as anticipated with strong growth in Asia, a robust performance from the newly combined UK businesses and a continued reduction in losses in Continental Europe. Our US business has also shown improved performance in comparison with the same period last year and Cordea Savills, the Group's investment management business, has traded in line with our expectations. As previously indicated, we expect that our trading result to date will result in a stronger first half performance than in 2012 with the full year outlook in line with our expectations.
To date trading across the Asia Pacific region has remained strong with substantial improvements year on year. Looking forward, as anticipated, the residential markets in Hong Kong are being significantly affected by the latest round of Government control measures implemented in March with volumes falling by circa 30%. The doubling of stamp duty on commercial transactions in Hong Kong has also reduced the aggregate value of transactions since its implementation. We anticipate that improvements in trading in other parts of the region, particularly Australia and Japan will help to mitigate the financial impact of reduced transactional volumes in Hong Kong.
London's attractions as an investment location remain firmly established and indeed potentially enhanced by fiscal and other control measures implemented in other markets. In the UK commercial market Savills has continued to maintain a significant share of the Prime Central London investment and leasing markets, although the shortage of supply of investment stock has become apparent. The increasing interest of overseas investors in Prime Central London assets has resulted in more domestic investors looking to opportunities in the UK's principal regional cities. Whilst it is still too early to be definitive, if this trend continues, we expect to see some improvements in our regional UK business through the coming period.
The Prime Residential market in central London has continued to perform strongly with year on year increases in both volume and value. Outside London, although it is early in the selling season, we have seen some improvement in the volume of activity in the traditionally stronger regional markets evidenced by improved volumes of new stock, applicants and viewings.
Globally, our Consultancy business has experienced double digit revenue growth with particular strengths in Planning and Development consultancy. The Property Management business has continued to deliver a solid increase in revenue.
Following a year of strategic changes and operational developments undertaken in 2012, Cordea Savills is now focused on further growth initiatives in Europe and Asia.

[prabirnand1] 02/5/2013 22:59

Current rise is in all probability in anticipation of Interim Management Statement next week?

[cockneyrebel] 02/5/2013 19:38

Already gone XD - 12.7p gets paid to shareholders on May 13th.

CR

[broadwood] 02/5/2013 15:59

Don't forget the special divi.




An initial interim dividend of 3.3p per share (2011: 3.15p) amounting to GBP4.1m was paid on 15 October 2012, and a final ordinary dividend of 6.7p (2011: 6.35p) is recommended, making the ordinary dividend 10.0p for the year (2011: 9.5p). In addition, a supplemental interim dividend of 6.0p (2011: 4.0p) is declared, based upon the underlying performance of our Transaction Advisory business. Taken together, the ordinary and supplemental dividends comprise an aggregate distribution for the year of 16.0p per share, representing an increase of 19% on the 2011 aggregate dividend of 13.5p. The final ordinary dividend of 6.7p per ordinary share will, subject to shareholders' approval at the Annual General Meeting on 8 May 2013, be paid alongside the supplemental interim dividend of 6.0p per share on 13 May 2013 to shareholders on

[cockneyrebel] 30/4/2013 18:38

Yep, hit £7 but did you see the astronomic rise from 2003 to 2006?

Went from 60p to 687p in 3 years, ie 10 bagged in 3 years.

This rally started from 175p in 2008 or 275p in 2012, depending where you want to start from but I bet over the next few years there's scope to multi-bag still imo.

All imo

CR

[prabirnand1] 30/4/2013 15:58

Reached circa 750 in distant past (2008 I think) before collapse to circa 200 the following year. Profits are much higher now (I think) but dividends may not have fully recovered earlier levels if you leave out special dividends. Record of the last few years against the financial and economic background is impressive.

[fozzie] 30/4/2013 15:28

Sooo glad i went back in and re bought after being stopped out. Rising nicely and more to come, interesting re reading that CR, every chance of pushing strongly through 600 sharpish imo

[cockneyrebel] 30/4/2013 15:18

15% earnings growth forecast for each of the next two years, way conservative imo.

3% yield.

Have a look back in history and see how fast these have risen when housing starts to pick up imo.

All imo/dyor etc

[cockneyrebel] 30/4/2013 14:55

I think it was only that stock placing that knocked these back or else they'd be £7 a share by now imo - just read the results statement again imo:




14 March 2013



Savills plc

("Savills" or "the Group")



PRELIMINARY RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2012



Savills plc, the international real estate adviser, today announces a strong performance across the Group reflecting improving markets and the positive impact of prior years' acquisitions and appointments



Key financial highlights



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

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

· Group profit before tax up 36% to £54.2m (2011: £40.0m)

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

· Total dividend for the year 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)



* Underlying profit is calculated on a consistent basis in accordance with note 5 to the preliminary statement



Key operational highlights



· 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



Commenting on the results, Jeremy Helsby, Group Chief Executive, 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."

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

Trading update May 9th last year

What other co is benefitting from Asia and London house price rises as much?

CR

[cockneyrebel] 29/4/2013 13:45

London house prices race ahead of the rest

[cockneyrebel] 29/4/2013 10:22

Big upgrades for builders today from G.Sachs and Jeffries.

CR

[cockneyrebel] 25/4/2013 16:51

okay, someome's opening two threads here and I'm having trouble remembering where the discussion was :-)

Ta.

CR