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Daily and Weekly charts show LSL looks weak and probably bearish. Today maybe the first big downward move. Wait and see, but next stop could be 225p.
Can LSL recover from a severe down trend? In my mind, any business with a traditional model under attack from disrupters needs to find new ways to compete. Businesses who have done this include incumbent airlines, media Cos moving from print to digital and betting from shops to online. Not all have had success, but you can't stay still and try to squeeze more out your old operating model.
A nice gap up today, forthcoming changes in the Budget to benefit LSL ?
...out of the blue.
Director buys last week at 350 good to see. Last set of full year results pretty solid with operating profits nicely ahead of estimates at £42m. Interims looked worse than expected which will likely continue to weigh on LSL
LSL’s IMS indicates the business is gaining share in a weak market. The net effect is a small reduction in 2014 estimates. Both the company’s and our outlook for 2015 are cautious, but many affordability fundamentals remain supportive even with moderate rate increases. With the shares down c 40% since their peak in February, we believe the market is reflecting a much more alarmist outturn than is probable. LSL Property Services, the UK residential property services company, has two divisions: estate agency (78% of H114 turnover), which owns and operates the second-largest UK estate agent network; and surveying (22%), which provides services for corporate (mortgage lenders) and retail customers. Hidden at the bottom of the recent interim management statement is the phrase "2014 is set to be a record year for LSL and we expect to deliver double digit year on year growth in Group Underlying Operating Profit" Last year Operating Profit was £37.1m so assume a conservative double digit growth of 10% assumes operating profit of £40m+ But Edison don't highlight short-term borrowings (ie loans due for repayments in the immediate future) jump from £2.8m this year to over £18m in 2015. With growth forecast to be slowing and net debt peaking this year it is expected to fall by £8m from £56m.
Hi All, any opinions on this one? Huge slice of Uk residential property market (I am bullish on that, all indicators showing some growth, central London leading price upwards, increased lending to FTB's and more in pipeline suggests a rising market to me) Some good growth here recently, any views on where this is heading to over 1/3/12 months?
Panmure Gordon initiates buy on LSL Property Services, target price 287p
Finncap upgrades LSL Property Services from hold to buy, target price raised from 250p to 270p.
LSL Property Services embraces most aspects of the residential property market. These include surveying and valuation services, estate agency and letting via a chain of high street branches. The group’s confidence in the future was exemplified by a 56 per cent increase in the total dividend. LSL looks a good example of a fashionable company in a very unfashionable sector that could well repay patience. The Scotsman says buy.
http://www.investegate.co.uk/Article.aspx?id=201003231335150333J
http://www.investegate.co.uk/Article.aspx?id=201001050700050056F
http://www.investegate.co.uk/Article.aspx?id=200910261401133818B
potential for short selling tomorrow? advice please.
http://www.investegate.co.uk/Article.aspx?id=200910231426453109B
So what does that mean? An investment company have bought 11% of LSL?? Is this good or bad? Do they have a history of picking good stock? Can somene enlighten.
http://www.investegate.co.uk/Article.aspx?id=200910200930030676B
I was doubtless missing many points. It sounds like you know your onions, so bravo. Isn't it great how banks diversify into everything at the top of the market and then give it away at the bottom. Smart, no wonder they get the bonuses.
The essential point you are missing is that Your Move (LSL) don't need a recovery to make money. If you read the statement by Simon Embley, LSL Chief Exec, he states as much
I guess what's key is that HBOS did not react to the slowing housing market and so Halifax estate agencies lost £2m last year. Your Move (LSL) reacted swiftly and made a profit. Many agencies closed over the last 2 years, Your Move are expanding. Like I said, I'm an amateur in shares but not in esate agency and Your Move is VERY well run and I assume Lloyds are selling their loss making divisions to concentrate on banking and not on (inefficiantly) selling houses.
This £22M was what I referred to as the dowry. If the market is not recovering, LSL will have their fixed and variable costs to pay, they will not be able to walk away from HEAL and simply write off the £1 punt. I return to my initial statements that it is a good deal if recovery is around the corner. LLOY have as much as said it is not. LSL have staked more than £1 that it is.
Yep, so are Lloyds dummies?
Pro-forma net assets of HEAL at Dec. 31, 2008 were GBP38.4 million, and at completion will include minimum cash of GBP22.2 million to cover restructuring and provide an element of working capital.