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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Serviced Off. | SVO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 107.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 107.50 |
| Top Posts |
|---|
Posted at 18/9/2013 08:42 by hibberts Good results and a Divi to look forward to. |
Posted at 26/11/2011 15:45 by mathisvale SVO have just been awarded a management contract with Land Securities. Together with the BT contracts this could be the start of some very profitable business.Covent Garden's 22 Long Acre should now be in the black after a loss making 12 months. Maybe I am talking to myself, but I think that SVO has an excellent business model with good management and is severely undervalued at just £3.5m |
Posted at 20/4/2011 15:10 by davidosh I am just starting to look at this sector of the commercial property market. On the face of it having glanced at the two MBE look far better value than SVO or can someone offer me a reason to reconsider ? Revenues compared to market cap are more than double at MBE for example. |
Posted at 20/4/2011 14:50 by johnyee 7 scburbs,didn't know we had another similar co listed mbe,thought svo and rgu were the only 2.judging by rgu statement in march looks like they're looking for aquisitions so mbe,svo or both could be in the sights of rgu. |
Posted at 20/4/2011 13:24 by scburbs Johnyee7,Take care with your underlying eps calculations. If you strip out the revaluation gain they made a loss of about £0.5m, although operating cashflow was still positive. All in all the results read pretty well, although I was reading as a holder of a competitor (MBE) rather than SVO, I was quite tempted to buy some (but haven't yet). |
Posted at 20/4/2011 12:48 by johnyee 7 About time this moved up,eps of 1.19p reported yesterday.rgu regus on a pe of 45 for 2010 and 24 for 2011, svo on a pe 2.3 for 2010 and regus reckons things will get better this year,so can only be good for svo. |
Posted at 02/1/2007 10:34 by jgscott Your buys seemed to have moved the price a little, Hybrasil. I have been performing a little portfolio cleaning / reorganiation this morning esp with regards to some of my lethargic holdings. SVO have been one of the more lethargic holdings but I have a good feeling about this one... this could be they year :-)Therefore, I am maintaining my position and may add later in the week. The next set of reults could be very interesting following the recent acquisitions. |
Posted at 18/7/2006 08:22 by cockneyrebel Regus eyeing YSP according to the times (rumour).SVO should benefit if the sector hots up. YSP up 10% today CR |
Posted at 10/7/2006 10:03 by cockneyrebel Serviced Office Group Plc (SVO)Serviced Office Group is the reincarnation of KBC Holdings Ltd, a former software company. A bit of a failure as KBC, new management has taken control, has put the foreign loss making businesses into voluntary liquidation and has created a serviced office business from KBC's existing properties. The new management has said the days of software are over and that they believe they can make a significant and profitable business from serviced offices of which they seem to have experience. The new management seem to have been doing a good job. Losses of 3.24p a share in 2003 were reduced to just 0.48p a share in 2004 while the year to Dec 2005 has seen an eps of 0.59p per share while 0.54p of that came in H2. SOG own some properties and lease others. The ten strong SOG business centre portfolio now comprises five leased premises at Blackfriars, Uxbridge (2), Marlow and Richmond and five freehold centres, at Harrow, Hayes, Kingston, Crawley and Bournemouth. At the last set of results the company said: 'The current year has started well, occupancy levels are predicted to continue rising and we expect to benefit from the increased size of our portfolio during the coming year.' Looking at the pace the company has been growing earnings at under the new management it is running at a rise of 1p pa over the past year. In view of them doing 0.55p in H2 that also makes the stock look cheap on a price of 9p when 1p+ eps for the current year looks very achievable based on H2's eps. Since those results SOG have also acquired the second Crawley business. They have paid £1.5m for the 11,200 freehold business centre which generates £24K per month license fees. That seems good business to me, the interest on a mortgage for that would be £80K pa and it already brings in £288K. A few synergies and cost savings and that's going to make a substantial additional income. They have also acquired Hill House in Richmond which has 170 Workstations and generating £720K pa in license fees. Late last September the company made it's first acquisition under the new management acquiring Willowbank Office Centres for just £200K. These had losses of £5.5K and turnover of nearly £1m. Kingshot, the Chairman said then '"I am confident that there are a number of ways we can increase the 1 million of income per annum currently being generated by the three Willowbank centres.' Net asset value was 7p per share at the year end. No shortage of cash either with £1.7m on the balance sheet. If some or all of these acquisitions start to show through along with organic growth it's pretty easy to see well in excess of 1p eps this year imo and 2p in the year ahead. What sort of PE would that growth trade on? I think a forward PE of 15 is quite possible with the 7p+ NAV there too. If they can do 2p eps next year then 30p might be an achievable target imo. Trading at just 9p to buy, two pence over their all time low they look potentially very cheap imo. There's some shrewd investors in here too. Sir Tom Farmer holds 24.4% while Peter O'Reilly holds 5%. Kingshot, the Chairman also holds 24.4%. Lastly, I've looked on ADVFN - just one thread with a dozen posts and nothing since Sep last year - always a good clue that there is no hype in the share price. All the office property businesses I look at are doing cracking business or being taken over - Bizspace, Basepoiint, YourSpace, Workspace etc Interims are due around Aug 18th. |
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