Date: 07-12-2015 08:53 Property agency Belvoir Lettings (BLV:AIM) rises 2.5% to 119p on attracting 31% more franchisees in 2015. Acquisitions have played a role in this growth but the recruitment pipeline remains strong with two potential franchisees committed to February’s training course.
Compared to MARTINCO (lettings agency) BELVOIR require to be re-rated. ASK for Martinco £2.00 per share ASK for Belvoir £1.30 per share. Both business have similar turnover and profit margins and both are keen to increase their foothold through takeovers. MM and brokers need to address this glaring disparity. GL all
Understandable as it is much more expensive to do an open offer. At 125p it's not too bad and the divi is worth holding for imo, and hope the sp will eventually reflect the progress. Will hold personally
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