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wish i had averaged down now!
keep going next stop 500p!
anytime soon?? and then upto 700p would be nice.......!
Payment of a SUPPLEMENTAL Interim Dividend FOR THE YEAR ENDED 31 DECEMBER 2010 Savills plc, the international real estate advisor, is pleased to announce that in accordance with the Board's new dividend policy, a supplemental interim dividend of 4p per ordinary share, in respect of the year ended 31 December 2010, will be paid on 16 May 2011 alongside a final ordinary dividend of 6p per ordinary share, to be proposed at the Annual General Meeting of the Company on 4 May 2011, to shareholders registered at the close of business on 8 April 2011.
http://www.investegate.co.uk/Article.aspx?id=201103170705051052D
Jeremy Helsby, Group Chief Executive of Savills plc, commented: "I am pleased to report a strong performance by Savills, driven by a resurgence of investment activity in prime global markets, most notably in London and a number of Asian capitals. It was also encouraging to see conditions improve in the US and the key French and German markets, although the trend was not consistent across all of Continental Europe. In the near term, it is unclear how markets will react to the recent catastrophic events in Japan, particularly at a time of unprecedented global economic and political change. For the markets of Mainland China, Hong Kong and Singapore these events come on top of Government measures of the last twelve months to address property speculation. The longer term potential of our Asian business remains compelling, but at this stage, we continue to expect a reduced volume of transactions in the region in 2011. At the same time we anticipate further recovery in the US and parts of Continental Europe, some growth for the prime London Residential and Commercial businesses and continued growth in Fund Management. Although it is impossible to be certain in current circumstances, we anticipate that any slowdown in Asia should be largely offset by improving performances elsewhere. We are well placed, thanks to our core strengths in both the Commercial and Prime Residential sectors, to meet the developing needs of our worldwide client base. Our confidence in the longer term potential of our business is reflected in the substantial increase in annual dividend and our new dividend policy announced today."
Operating Highlights · Strong revenue performance driven by recovery of real estate transaction markets · Record performance from Asia Pacific representing 41% of Group revenue · Continued strength in Prime London Residential and Commercial markets · Significantly improved performance from Continental Europe · Cordea Savills improves profitability with AUM increasing 12% (13%cc) to £2.8bn · Continued investment through recruitment and bolt on acquisitions
Financial Highlights · Group revenue up 21% (19% in constant currency "cc") to £677.0m (2009: £560.7m) · Underlying profit before tax up 88% (83%cc) to £47.3m* (2009: £25.2m) · Profit before tax up 173% to £36.8m (2009: £13.5m) · Underlying basic earnings per share up 92% (86%cc) to 27.9p* (2009: 14.5p) · Basic earnings per share up 181% to 20.5p (2009: 7.3p) · Year end net cash £86.9m (2009: £66.3m) · New Distribution policy: Final ordinary and supplemental interim dividends total 10p per share (2009: 6p), making a 44% increase to 13p for the year (2009: 9p)
http://www.investegate.co.uk/Article.aspx?id=201103170700121050D
Savills unveils new divi policy as profits boom Date: Thursday 17 Mar 2011 LONDON (ShareCast) - Global property markets are bouncing back strongly judging by the results from international estate agent Savills, with Asia Pacific putting in an especially strong performance. Group revenue for 2010 was up 21%, or 19% in constant currency (cc) terms to £677.0m from £560.7m in 2009. Underlying profit before tax soared 88% (83% in cc terms) to £47.3m from £25.2m in 2009. The company ended 2010 with net cash of £86.9m, up from £66.3m at the end of the previous year. The full year dividend has been whacked up to 13p from 9p the year before, representing a change in dividend policy for the group. “In future the board intends to recommend a progressive ordinary dividend broadly reflecting the growth in profits derived from our less volatile businesses,” revealed company chairman Peter Smith. When profits from the cyclical Transaction Advisory business are strong, the board will consider and, if appropriate, declare a ‘supplemental’ interim dividend alongside the final ordinary dividend, as it has done this year. “It is intended that, in normal circumstances, the combined value of the ordinary and any supplemental dividend payable in respect of any year is covered at least 1.5 times by statutory retained earnings and/or at least 2.0 times by underlying profits after taxation,” Smith explained. The group saw a record performance from the Asia Pacific region, which now contributes 41% of group revenue, while it saw continued strength in prime London residential and commercial markets. Things have not been so great on continental Europe of late but some markets on the European mainland are seeing a significant improvement. “It was also encouraging to see conditions improve in the US and the key French and German markets, although the trend was not consistent across all of Continental Europe,” said Jeremy Helsby, chief executive of Savills. “In the near term, it is unclear how markets will react to the recent catastrophic events in Japan, particularly at a time of unprecedented global economic and political change. For the markets of Mainland China, Hong Kong and Singapore these events come on top of government measures of the last twelve months to address property speculation,” Helsby noted.
dont fancy your position here mate!!!!- GL can see this being 400+ by xmas not 200p- oh dear............. Im holding svs dont worry am about 3/4 k down. Please dont tell me you opened that position??
That interesting i like that baldy chap, i am up about 3k on this one. Waiting for a correction in the market then will close the position. Have a look at av. if they go to 350 or lower well worth a go, good divy. please dyor
The Naked Trader has a short on these as well...
I buy a lot of property from these guys i just noticed their next residental property auction has less than 10 lots, they normal have at least 100 lots and sometimes much more . Something must have gone seriously wrong with the auction division, along with the downturn in sales through the agencies i am opening a large short for me on these £500 a point , hoping and praying for £2.00 by xmas. What do you guys think the outlook is.
http://www.investegate.co.uk/Article.aspx?id=201004011219156336J
http://www.investegate.co.uk/Article.aspx?id=200911171435246475C
http://www.investegate.co.uk/Article.aspx?id=200910201126500793B
http://auctions.savills.co.uk/commercial/comm_current_auction.asp
Estate agent Savills cautious on housing after profits all but disappear http://www.citywire.co.uk/adviser/-/news/market-and-shares/content.aspx?ID=355278&re=6639&ea=118560&Page=1
Put my short on first thing. Looking hold for a week or two depending on when my target price is hit. PB, You might be right that things in general are about to implode. if they do it will happen rapidly hence why I'm getting some shorting practice in now. With my new found enthusiasm for charting and your general pessimism (realism?!?) we might just make a good BB team.
agree that will be his policy next year, ie look how much we have made, but think the damage is well done and his dreams are well over
totally agree. mr GB is not stupid why do u think hes holding out for next year for a GE its because the money the taxpayer will start seeing will buy hospitals extra police and nurses he is a srewd little cookie
I'm with you on the bullmarket but not sure i would give old GB the credit
whats your thoughts on the peoples thinking, that the worse is over and we are actually on the road to recovery? I personally think we are on the way back, but know that their will be a few set backs on the way
Yes, I am long on various positions, but I have – if you check on the BB taken profits on some for now. Obviously, I’m bullish on gold, and some other commodities. However sold POG – waiting to get back in under 500p – but holding OXS, CEY & CLF. Pharmas: holding BGC, AZM, sold ASM and waiting to get back in under 25p. Oils; sold EO. @15.75p but waiting to get in very soon! Still, also holding BRR, & EMED, may be correct, may be wrong ATB NB I’m standing by to make a fortune shorting, all the dross which has floated to the surface, in recent months! But take care the imbeciles - with no actual mandate to govern - are still flooding the economy with silly money! But debt, affordability, real wealth, shoot the cretin etc. will take hold eventually. :{