Savills Share Discussion Threads

[kendonagasaki] 27/7/2017 09:36

This will be the best short of the year from here on in.All smart money is on the sell!

[broadwood] 09/5/2017 15:59

In today's Annual General Meeting statement from Savills, the Company said that during the year it has traded in line with expectations and ahead of the corresponding period in 2016.

"In the UK commercial markets, Savills has maintained a significant share of the Prime Central London investment and leasing markets, although market uncertainty continues to affect transactional volumes," Savills said.

"Outside London, our transactional volumes and Professional and Development services have grown over the comparable period in 2016.

"As expected, volumes in the UK Prime Residential market have been lower in the year to date compared with the very strong comparable period in advance of April 2016's increase in Stamp Duty. Our UK Rural business has performed better than anticipated. The period leading up to the UK General Election is expected to have a short term adverse impact on residential transaction activity over the next few weeks.

"Savills Asia Pacific business has had a very strong start to the year. We have seen substantial underlying revenue and profit growth in the year to date, with Hong Kong, Australia and Japan all ahead of our expectations; in addition, our reported results continue to benefit from the effect of Sterling weakness.

"In the US, Savills Studley has had a slower start to the year than initially anticipated with some occupier transaction deferrals. However, the pipeline of activity for the remainder of the year remains good. In addition we have continued to expand our footprint with acquisitions and significant recruitment in Southern California, Denver, Colorado and a Capital Markets team in New York.

"In Continental Europe, to date we have traded in line with our expectations, with France, the Netherlands, Spain and Italy experiencing a particularly strong start to the year.

"Globally, our Consultancy and Property Management businesses have delivered continued revenue growth with particular strengths in the UK and Asia.

"Following a strong year in 2016, Savills Investment Management has grown revenue and profits as anticipated for the period to date as we near the end of the disposal of assets within the liquidating German Open Ended Funds under the SEB brand.

"While we have started the year well, typically the first four months represent a disproportionately small element of the expected outturn for the full year. Against a political and economic backdrop which demonstrates greater levels of uncertainty than a few months ago, we continue to anticipate that our performance will remain in line with our expectations."

[broadwood] 23/3/2017 13:55

Delayed reaction to positive results.

[broadwood] 22/3/2017 07:25

Happy enough with this.


Savills has lifted its FY pretax profit by 1%, revenue by 13% and total dividend by 12% in what it described as a another record performance against a backcloth of geopolitical distractions in some markets.

Pretax proft was £99.,8m, from £98.6m, with revenue coming in at £1.445bn, from £1.283bn. Total dividend was up 12% to 29p a share, from 26p.

CEO Jeremy Helsby said overall Savills had delivered another record performance in 2016 despite the geopolitical distractions in some of its markets.

"We benefited from the scale of our operations across the globe, which have grown substantially over recent years, as well as a highly resilient performance in the UK," said Helsby.

"Our less transactional businesses, particularly Property Management and Investment Management grew strongly while our global Transaction Advisory business produced a solid performance despite variable conditions in many markets," he added.

Savills had entered 2017 with a continuation of global macro-economic concerns, rising bond yields, uncertainty over the impact of Brexit negotiations in the UK and Continental Europe and a new administration in the US.

"We have started the year well and our expectations for the full year remain unchanged."

[jockthescot] 22/3/2017 06:37

Results this morning?

[broadwood] 12/1/2017 14:39

I'd hate to be on the wrong side of today's 14% rise.

[loftus16] 12/1/2017 12:24

Too true. Two farms or three?

[broadwood] 12/1/2017 09:11

Buy land my son. They've stopped making it.

[kendonagasaki] 12/1/2017 09:08

Property prices have been falling for 18 months in London.Europe is in a state of collapse and we are 2 years into a 17 year cyclical downward property trend.The business will need to be 'solid' as the property crash 'global' starts to unravel here.

[jockthescot] 12/1/2017 07:58

Very positive. Sign of an extremely well managed company with a truly global marketplace.

[broadwood] 12/1/2017 07:24

Surprisingly strong performance. But still rightly cautious for coming year.

The Group experienced a strong finish to the year with the completion of significant volumes of commercial and residential transactions in a number of our businesses around the world and benefited from further sterling devaluation. Accordingly, the Group now anticipates that underlying results for the year to 31 December 2016 will be meaningfully ahead of our previous expectations

[kendonagasaki] 03/11/2016 10:46

We will continue to decline as the market weakens into November!

[kendonagasaki] 25/10/2016 20:19

Reevaluate your position here all.The Big Dipper is pointing southwards here?

[kendonagasaki] 20/10/2016 09:49

Foxtons revenues fall by 35%!!!We are about to see further erosion here very soon here too.It's going down.

[bouleversee] 16/9/2016 11:24

Funny, chart looks as though it's going uphill to me.

Maybe this helped:

Queensberry appoints Savills to market Friars Walk mall at reduced price

16 September 2016

Queensberry has appointed new agents to market the Friars Walk shopping centre in Newport, Wales, at a lower price.

I shall hold on anyway.

[scanjet17] 16/9/2016 09:10

You're a real ray of sunshine Ken!

[kendonagasaki] 15/9/2016 18:16

Downhill all,the way.Major markets have crashed in New York, Chicago and Florida.Sweden's real estate has imploded over the last 3 moths and London has been in a downward spiral for the last 15 months.This is going to get a hell of a lot worse here, and do not expect this to get any better as the global recession that is about to engulf us all.......?As I've said its downhill all the way here.....

[kendonagasaki] 30/8/2016 08:37

It's pretty much downhill from here.The London property markets started crashing a year ago and it's just going to quicken this year.Kendonagasaki is short here.

[broadwood] 17/8/2016 10:30

stand - thanks.

[standish11] 17/8/2016 10:25

* Estate agent Savills up c.5 pct & 3rd top FTSE midcap gainer <.FTMC> as Citi raises rating to "buy" from "neutral"
* Brokerage flags co trading at c.20 pct discount to long term historic avg share price & limited exposure to the UK makes it attractive
* Co gets only about 1/3 of its rev from the UK as it has been increasingly diversifying and now has reduced exposure to the UK deals advisory market, Citi says

[jockthescot] 17/8/2016 10:04

Analysts finally getting around to reading the interims?!

[broadwood] 17/8/2016 09:21

Nice bump up this morning. Can't immediately see the reason.

[undervaluedassets] 09/8/2016 07:46

Half year report surprised me with it's strength.

Much more than an estate agency this business

[undervaluedassets] 11/7/2016 12:12

this from the company factsheet

We have established a major presence in Americas, Europe, Asia Pacific and Africa employing 30,000 people across a network of over 700 offices worldwide.
We are the UK's leading agency group by turnover.
We are the number four global agent by world turnover; and number four European agent by European turnover.
Throughout our international network of over 700 offices, we offer a range of expertise which covers all the key segments of residential, office, industrial, retail, leisure, healthcare, rural and hotel property, and mixed use development schemes.

This is much more than a uk facing business.