Savills Share Discussion Threads

[doubleorquits] 22/2/2005 19:00

Results on 2nd March - Wednesday. SVS need to rise about 5% if they are to qualify automatically. Results should see that 5% IMO.

[nirvs] 22/2/2005 15:51

CR - What r the chances of SVS making the FTSE250? And when is the re-shuffle?

Am I correct in thinking that the results r next week? TIA

Just bought some today at 572p

[cockneyrebel] 22/2/2005 15:17

Yep, should have had my ACS money here too - at least these have a history of delivering and are going to pay a special divi.

I'll make up ACS here 3 times over anyway :-)

CR

[doubleorquits] 22/2/2005 15:14

:0)

Sold all my ACS just before the warning and went into this big time ;0) (not)

[cockneyrebel] 22/2/2005 13:18

Or your 119K buy?

Wouldn't be speculative fund buying ahead of the FTSE250 entry would it?

CR

[cockneyrebel] 22/2/2005 13:16

Was it your 75K buy tho Double? :-)

CR

[doubleorquits] 22/2/2005 10:22

I agree - but it wasn't my 50k!

[cockneyrebel] 22/2/2005 09:56

Someone agrees with that £280K 50K buy imo.

CR

[cockneyrebel] 22/2/2005 09:43

Gonna break out soon - and when it does these will scream to next Weds results )think I might have said Tues above, sorry).

A single digit stock in the FTSE250 that isn't a housebuilder - go look for one but you'll struggle. Can't see these staying on this rating.

CR

[cockneyrebel] 21/2/2005 17:30

Closed level with the previous and all time high - breakout coming.

I seriously think these could be 100p higher after the results at 675p a share, get the 32p divi and the net buy price is just 643p. Forecast earnings of nearly 56p, the forward PE would be 11 and they would be entering the FTSE250 with one of the lowest PE's in the index, much lower than CWD too, having grown earnings 40% in what is supposed to be a tough market!

56p forecasts sure to be upped too 60p or more too imo as SVS will be beating this years 52.7p eps forecast in the year gone.

CR

[cockneyrebel] 21/2/2005 15:33

Level II starting to look dead horny on the buy side.

CR

[cockneyrebel] 21/2/2005 12:31

oops, yep, you're right about the share buybacks double, but a minor issues as they have been buying back all year and that doesn't effect the PE significantly till next year as they use a weighted average for the eps.

I'm holding a lot too DorQ, and in my ISA. I just cannot see these remaining anything like this low after the results myself.

CR

[doubleorquits] 21/2/2005 12:25

CR, I think the buybacks were limited to the price being 525p or less - a few were bought back at that time. I gathered a few more this morning as well as these seem to have a long way to go. I think the markets in Singapore and other areas of the Far East are strong as well.

I would think some sort of re-rating must be justified a) on the basis of the current rating against growth that SVS are showing and b) the rating given to CWD.

By my standards I am holding too many of these now but that is a reflection of how comfortable I feel with them. And of course they are in an ISA which makes a change with so many AIM flyers.

[cockneyrebel] 21/2/2005 11:08

Loads of decent buying today - 40K buys and 3K sells.

The company is also doing share buybacks and has the authority to buy back 1m.

CR

[cockneyrebel] 21/2/2005 10:05

Bought more this am - results next Tuesday.

20p special divi and 12p final divi means that if you deduct the divis you get at the final results you buy today for 540p.

These have already said they are 10% ahead of broker forecasts 'at least' and brokers have only revised up 5% so far.

60p eps + looks like being the broker revision come the results next Tuesday.

Looks to me like the maximum PE is 9 and that the 60p eps could be well beaten.

SVS are growing earnings at 40% this year, directors have been buying, outlook is positive. These are going to be at least 10% higher after these results and this should get SVS in the FTSE250 with a bit of luck.

Can these continue to trade on a PE below 9 while CWD trade on a PE of 13, perform like carp and directors are selling there too?

A complete misvaluation on SVS and with RightMove today saying house prices are rising the fastest since June that's another positive.

Don't get SVS wrong, they are not tied in heavily into UK property sales, a lot of their business is rentals and sales in the far east.

Must be worth £8 a share when compared to CWD but just £7 and a PE of 11 must be achieved in the short/medium term imo.

CR

[cat] 04/2/2005 18:37

looking good

[cockneyrebel] 04/2/2005 16:15

Srarting to look strong again late doors - I'm expecting good buying right up to the results.

In my opinion these are worth every bit of £7-£8 and they will re-rate once in the FTSE250 imo.

CR

[hedger] 03/2/2005 15:55

CR
Another good call -- well done. came on board this morning and already covered the spread and dealing costs.
Cheers Hedger

[trader horne] 03/2/2005 13:08

Right On CR! It had to get noticed by the herd eventually. Excuse the mixed metaphor but my boots full of SVS @120p are staying under the mattress for the foreseeable future.

[doubleorquits] 03/2/2005 12:28

£6 looking nailed on by end of March. Then £7 by end of April. Then some more I guess, but who knows?

[cockneyrebel] 03/2/2005 12:23

Me too - £7 got to come here - probably a fair bit more too imo.

CR

[funkey n] 03/2/2005 06:22

Thanks CR
Really appreciated your explanations & I think I am going to hold for long term

[cockneyrebel] 02/2/2005 17:51

Funkey N - 700p my target tho I think fair value more like 800p.

I base that on a comparison to CWD (Countrywide) who are already in the FTSE250 and trade on a forward PE of 13.7. Countrywide have warned, the directors are selling shares.

Compare to Savills who are stating that they are 'more than' 10% ahead of forecasts, directors have recently been buying shares in the company. Also paying a special divi of 20p at the year end on top of the year end divi of 10-12p. Pre-tax up 54% in H1, befefitting from booming business in the far east, expanding into Japan.

SVS are set to do 60p eps next year - put them on the same PE as CWD and the share price would be 820p and you'd be holding a company growing apace rather that a struggler and serial warning issuer like CWD.

On top of that the share buybacks boost the eps and the special divi(s) are a bonus over CDW.

I think the institutions have realised or are realising SVS is going into the FTSE 250 and they will be buying and driving the price up over the next month or two.

Short term (ie before the results are out) I think they will be over £6. Once confirmed they are going into the 250 then I think £7 will be here swiftly imo.

CR