Decent RNS today, good enough for me just bought back in. Good luck
30 Apr '14
Definitely would like to put £1k in here as soon as I can. I am a little perturbed by Cantor Fitzgerald dropping their target so much suddenly : 24 Apr 2014 Belvoir Lettings PLC BLV Cantor Fitzgerald Hold 17.50 127.50 200.00 127.00 Downgrades 26 Mar 2014 Belvoir Lettings PLC BLV Cantor Fitzgerald Buy 117.50 155.00 200.00 200.00 Retains but what do they know.
29 Apr '14
Thanks for response Pablo. Yes still dropping - I've been in and out a couple of times before it started to fall, and given no change in fundamentals as far as I can see this is looking good value. I have a relative who is a franchisee and has 3 sites, he is doing well and speaks highly of the company and business model. We'll see... All the best.
28 Apr '14
Really does seem to be getting the life kicked out of it. Been on my radar a long while and think Shares mag likes it. They did a big article last week on Martin & Co MCO and made a brief comparison to Belvoir. Belvoir is Shares pick in the sector. They say, "However, when compared to it's peers it (MCO) does not look as attractive as Belvoir, which trades on a lower PE and offers a higher yield." It also gives these figure : M&Co - sp 140.5, mcap £28.3m, Pre-tax profit £2.3m, PE 17.1, Yield 3.2% BLV - sp 133, mcap £32, Pre-Tax Profit £3m, PE 11.6, and Yield 6.2% With the sp now @ 117p, it is more attractive, but perhaps one should wait for the 'turn'. I'm not in but maybe one day. They started out in 2012 @ 80p. I've always thought they were on to a winner with their formula of franchises and think their signs on houses are catchy. I think big director sells last year hit the confidence but why it keeps going down is beyond me. GL
24 Apr '14
RE: SP downward trend
Ah there it is broker downgrade to 1.27p, i'll talk to myself on this board...
23 Apr '14
SP downward trend
Anyone got any views why sp has drifted last 3 months? I can't see anything obvious.
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