Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Results out end of March....expectation that they will be better than expected...a great 2013... what about 2014 ??? the market is going one way...UP
Breakout on here. Fundies solid aswel. http://chartattack.webs.com/SVS%201.jpg
Farmland is soaring, London is soaring, rents are rising. Savills is pre-eminent in property of every kind all over the world. I am surprised at the lack of broker comment on this progressive company.
http://www.investegate.co.uk/savills-plc--svs-/rns/half-yearly-report/201308080700122159L/
would be nice! Does nobody post on here except for me!?
would be nice!!
PRELIMINARY RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2012 Savills plc, the international real estate adviser, today announces a strong performance across the Group reflecting improving markets and the positive impact of prior years' acquisitions and appointments Key financial highlights · Group revenue up 12% to £806.4m (2011: £721.5m) · Group underlying profit before tax* up 21% to £60.8m (2011: £50.4m) · Group profit before tax up 36% to £54.2m (2011: £40.0m) · Underlying basic EPS up 22% to 35.3p (2011: 29.0p) · Total dividend for the year up 19%. Final ordinary and supplementary interim dividends total 12.7p per share (2011: 10.35p) taking the total dividend for the year to 16.0p per share (2011: 13.5p)
Savills: Espirito Santo initiates with a target price of 550p and a neutral rating.
Guys does anyone post on this board!!!?? What a monumental rise we have seen here .............now over 500p a share from 300p....in the matter of a short time!!
- Whats driving this SP up so high on such low volume!?
GLA- this has really taken off in the past few months-
"To date our prime market strength in many of the world's key cities has not only sheltered the Group from the reduction in activity in mainstream markets but has led to further business growth. We have seen a reduction in volumes in some transaction markets, but this is currently tempered by improvements elsewhere and continued growth in our strong non-transactional Consultancy and Property Management businesses."
"In the Asia Pacific region, cumulative control measures, culminating in the recent imposition of substantial stamp duty charges on overseas citizens buying Hong Kong residential property, have had a significant effect on residential sales volumes. However, many investors have turned to commercial assets instead. Our Prime Residential Agency business has slowed significantly in Hong Kong and Vietnam but we have seen recent signs of improvement in the key cities of mainland China." The Property Management business and Consultancy services have delivered good growth over the same period last year. UK Property Management has continued to benefit from contract wins and the growth seen in Asia Pacific has continued. In Continental Europe, it has grown revenues and stabilised much of the business. The company continued: "As we enter the final weeks of the year, when a significant part of the Group's annual profit is typically earned, it is clear that there are still significant economic issues facing individual countries, regions and the global economy. Despite the prevailing lack of credit, the World's Prime Residential and Commercial property markets continue to benefit from investors' global search for secure yield.
FTSE 250 property consultancy Savills got off to a positive start on Thursday after announcing that its overall underlying result for the full year will be slightly ahead of its original expectations. In the UK, investment activity has continued to be strong in the Central London market, but for the most part has remained subdued elsewhere. The Cordea Savills business is performing in line with its expectations, the group said, adding that it has made good headway during the period, having undergone the transition of some key management roles to new recruits. The UK Residential Agency business has continued to perform well since June, with a "resilient performance" from the prime London market. In a statmement the group said: "Overall, the effect of slightly lower volumes in London has been substantially offset by volume improvement in a number of the commutable areas outside the capital. Furthermore, London has continued to experience strong international demand for development stock in key locations.
Financial position and outlook We continue to maintain a strong balance sheet with a net cash position. Looking forward, Savills is well placed in the prime property markets of many of the World's key cities and much of the recruitment and business development work of the last few years is beginning to bear fruit. Considering our performance to date and the expected conditions for the rest of the year, we currently anticipate that our overall underlying result for the full year will be slightly ahead of our original expectations.
Interim Management Statement Savills plc, the international real estate advisor, publishes the following Interim Management Statement (IMS) for the period from 1 July 2012 to date. Summary and Overview Since June Savills has continued to perform ahead of our expectations. Our Prime London Residential and Asia Pacific businesses have continued to trade well; our UK Commercial business has increased market share; our Fund Management and US businesses have performed in line with our expectations; and our business in Continental Europe, which continues to operate in very tough markets, has increased revenues and reduced losses. As we enter the final weeks of the year, when a significant part of the Group's annual profit is typically earned, it is clear that there are still significant economic issues facing individual countries, regions and the global economy. Despite the prevailing lack of credit, the World's Prime Residential and Commercial property markets continue to benefit from investors' global search for secure yield. To date our prime market strength in many of the world's key cities has not only sheltered the Group from the reduction in activity in mainstream markets but has led to further business growth. We have seen a reduction in volumes in some transaction markets, but this is currently tempered by improvements elsewhere and continued growth in our strong non-transactional Consultancy and Property Management businesses.
In the Times, Tempus takes a look at property consultant and high-end estate agent Savills. It’s certainly had a come down, in line with the rest of the property market. Profits in 2007 were £85.7m, compared to the half year number for 2012, which was £18.2m. The group has managed to gain ground by offering consultancy services like simply collecting rent, while also raking in advice fees. That non-cyclical business is keeping Savills afloat and Tempus is impressed with its “nimbleness”, although the stock only merits a hold.
High-end property firm Savills (LON:SVS) was downgraded by UBS today after a recent strong performance. Analyst Howard Lesser said: “We continue to believe that Savills is an attractive play on global real estate markets. However, in our opinion, these attractions are now reflected in the price.” The broker left its target price unchanged at 370 pence.
CONT The acquisition of Gresham Down LLP in January has supported our Commercial transaction business in Prime Central London, which has out-performed our expectations during the period and reduced the impact of relative weakness in commercial markets outside London. In Greater China, particularly in the established markets of Shanghai and Beijing, our commercial transaction advisory pipelines have continued to build strongly, supported by the attention of investors and developers progressively turning to office investment from residential assets. It is too early to call a recovery in Hong Kong, but the banking market has recommenced lending on commercial investment, albeit at relatively modest levels, and this bodes well for our performance in the second half of the year. Globally, our Consultancy and Property Management businesses have continued to deliver strong revenue and profit growth and Cordea Savills, the Group's fund management business, has performed as anticipated. The Group continues to manage a strong balance sheet. We continue to anticipate that our financial performance in 2012 will be weighted towards the second half of the year.
AGM Statement and Interim Management Statement Savills plc, the international real estate advisor, is today holding its Annual General Meeting (AGM) at 12 noon, 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ and provides the following Interim Management Statement (IMS) for the period to 9 May 2012. During the first four months of the year Savills has traded overall in line with our expectations. The first quarter saw the anticipated slower markets in Asia, a robust performance from the UK Residential business and continued strengthening of our US pipeline. The UK Commercial business performed well, particularly in central London. The markets of Continental Europe continue to be weak and, against the backdrop of increasing political and economic uncertainty, transactions are taking longer to complete or being put on hold. London's attractions as an investment location remain firmly established. Fiscal changes announced in this year's budget had a short term effect on transaction volumes in the Prime Residential market in London, but they appear to have substantially recovered. Continued political and economic turbulence in many parts of the world has maintained investor interest in London's prime residential property. Outside London we have seen an increase in the volume of activity in the UK Country market both in terms of new stock and applicants. In the residential markets of Greater China and Singapore transaction volumes have been subdued, as anticipated, at this stage in the year.
http://www.investegate.co.uk/Article.aspx?id=201205091100019646C
The last time The Independent looked at Savills, it opted to buy, reasoning that its international reach, coupled with exposure to the resilient upper end of the UK market, gave it an edge. Yesterday's half-yearly results confirmed the paper's confidence. The group said revenues in the six months to the end of June had climbed by 10 per cent, with pre-tax profits surging by nearly 40 per cent, as it drew strength from activity in the prime central London property segment and from the Asia-Pacific region, which remains buoyant. Also reassuring is the fact that, despite showing resilience, Savills trades on multiples of around 11.6 times forward earnings for this year, and on under 10 times on the estimates of next year, according to UBS. At the same time, it boasts dividend yields of more than 4 per cent. Buy, suggests the Independent.
Shares in Savills (SVS) rose 1.6p to 314.1p on news of a 39% increase in pre-tax profits to 20 million pounds following a 10% increase in revenue to 335.8 million pounds for the six months ended 30th June 2011. The real estate advisor saw strong growth in its transaction advisory business driven by demand for prime location in Central London and continued strength in the Asia Pacific markets, while fund management profits rose 20% on the back of a 25% rise in fee income. Chief executive Jeremy Helsby believes "Savills remains well positioned with long term growth prospects across ... core regions".