Savills Share Discussion Threads

[funkey n] 02/2/2005 16:25

Hi CR
any target price for this stock
i am small holder i bought 2000 today

[cockneyrebel] 02/2/2005 15:52

Funds panicking now I reckon - do they read this bb by any chance? :-)

CR

[cockneyrebel] 02/2/2005 15:13

Hey, looks like the funds have started buying in haste 150K and 25K buys today.

All it takes is to buy and hold till after the results when the dopey fund manglers suddenly realise SVS is going in the 250.

Work ouyt the PE - these will be mouth-wateringly too exciting for the funds to resist imo.

CR

[doubleorquits] 02/2/2005 12:47

Only one minor thing to correct, CR. FTSE reshuffle is the week after results - it is always announced on the Wednesday after the first Friday of the month (prices taken at close on Tues). That will be 9th March by my calcs and I believe SVS reports on 2nd March.

Everything else I agree with 100%. Undervalued as the correct link would show. :0)



Hope it works!

[cockneyrebel] 02/2/2005 11:15

Here you go - FTSE350 by PE



The only things on PE's below 10 are housebuliders and dogs underperformers like Rentokil, JJB.

CWD forward PE 13 and SVS deserves to be on every bit as good a rating when you see how it is outperforming CWD imo. That would be 780p and I think SVS will getr there but will settle for £7 shortly after the results.

CR

[chester] 02/2/2005 11:08

Excellent CR...as usual.

[cockneyrebel] 02/2/2005 11:06

£7 is the price to go for here imo. These are going in the FTSE250 which gets re-assessed the day after the SVS results.

Look through the FTSE250 and yould struggle to find a dog on a PE of 8 let alone a great performer like this - the FTSE250 trackers and mid cap funds are going to gobble it up imo - but I've been gobbling it up before them.

Nice breakout today don't you think :-)

CR

[doubleorquits] 02/2/2005 10:49

Bounced nicely off the 30 day MA as well. Beginning to act as I believe it should. Now, with results around the corner AND then entry into FTSE350 I reckon we may well be 25%-30% up here in a matter of two months. And as CR says, a nice special divi as well to go with the normal one.

[chester] 02/2/2005 09:23

Yep, nice tick up today. More to come I reckon.

[doubleorquits] 01/2/2005 19:43

I agree - this has been on the slow-burner for some while now and with only a month left until the results which we know will be good, I can't see it not re-rating at some point.

[cockneyrebel] 01/2/2005 15:51

This is getting ready to rumble imo.

CR

[cockneyrebel] 01/2/2005 14:53

Just grabbed another 1K - these have got to motor through Feb towards the results on March 2 imo

CR

[trader horne] 24/1/2005 13:30

I absolutely love this beautiful stock, opened one eye to see that all is well, now I'll go back to sleep.

[doubleorquits] 24/1/2005 11:57

Forward figures of 52p and 57p EPS. Next year could well be upgraded after this next lot in March. Very nice :0).

Company bought 1m back at 525p too!

[cockneyrebel] 24/1/2005 10:44

Five weeks to the results and a 30p divi - effectively you buy today at 509p if you subtract the divi you get.

Company is going great guns and I reckon the next rate move will be down, that can only be great news for SVS.

Overseas they are flying.

Now with 5 weeks to go till the results, and bearing in mind the cheapness, the company buying back 1m shares between now and the results and the private buyers that are likely to be buying too before the results, aren't these going to rise well over the next 5 weeks?

The company says 'at least' 10% ahead of expectations so who knows how much it exceeeds. Also, why are the company keen to buy 1m shares back before the results? Sounds like they believe it's the cheaper option than buying after them. They'll also save paying out £300K+ in divis and redues the PE a little further too.

CR

[doubleorquits] 18/1/2005 10:07

Ah - I almost said "fibonacci" but did not want to risk showing too much ignorance if I was wrong :0)

Thanks for reply and link.

[cat] 18/1/2005 07:58

Sticking to my CKN forecast btw :-)

[doubleorquits] 17/1/2005 23:08

Cheers Cat - still not one to understand EW but like to see a view on it and you seem to have some skill in this area. Add the fundamentals to that and I like this one a lot. What I see from that perspective is a good reason for a nice run as well - the PE is low compared to others in the sector. A strong statement has been released and only today do I feel that the dividend and special dividend have begun to be factored in. The results approach (beginning of March) and I would expect a run up to them as the statement told us to expect them to be 10%+ up on forecasts. Then the FTSE review occurs shortly after and that should see these propelled a little further forward. Follow that by the dividend hunters and we should see a lot of momentum until at least April. Take my target of 750p based on a 50% undervaluation alongside key events occurring in the next few months, and yours of 990p and I see a nice few months ahead - if, of course we have got it right!

Not so sure about CKN target at the moment though!

EDIT: Educate me Cat - where does the 1.618 figure in the formula come from?

[cat] 17/1/2005 22:54

Wave I higher degree 116.5 > 484.5 = 368
Wave II abc reaction 484.5 > 395
Wave III should therefore run about 395 + (368 x 1.618) = £9.90.
Looks like today kicked off wave iii of Wave III - could be strong run immediately ahead.

[cockneyrebel] 17/1/2005 17:05

547p to buy but you get a 12p divi and a 20p special divi at the finals too so effectively you can buy for 517p net the divi.

The forecast for next year will be raised at the finals as the company says it will beat this year by 'over 10%' so expecting 52p eps at least this year, 56p to be the new forecast for next year.

Net of the divi you buy at a PE of 9.

Cheap as chips

CR

[cockneyrebel] 17/1/2005 15:36

Just woke up then suddely - about to make that breakout by the looks of it DoubleorQuits :-)

CR

[doubleorquits] 10/1/2005 23:13

3p more and we have a breakout. solid share this - 10% ahead with upgrades to follow. Last year kept going up on similar news and getting within reach of the results at the beginning of March when these should motor. More share buybacks to come maybe (but only if the price stays below 525p) although I don't think they will have too long left to get them unless they revise the target.