focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hopefully they'll be good.
Dave
So...revenues down a third then -ouch
LSL Full Year Results release date
On the 15 March, LSL's auditor, Ernst & Young LLP (EY), informed the LSL Board, that due to an unanticipated absence of the senior statutory auditor responsible for signing the LSL accounts, the senior statutory auditor will not be available to complete the audit process of LSL's 31 December 2022 financials, which were due to be released on 22 March, as set out in our notification of Full Year results on 3 March.
We’re still only at a P/E ratio of 13/14. Mab1 at something like 52. Lsl has so much potential growth ahead of it.
I'm gutted that I didn't put more in when it was cheaper even though I've been second guessing myself why this is not trading on the same PE ratio as MAB1.
Sorry to labour the point but why are you on this board criticising everything if you’re not invested anymore. Sounds like you got out and gutted you missed the upside. I’ve been there a few times myself but it is what it is. Still some way to go with this share. If it starts is slow bullish run next three days I’m going to invest more myself
Show me one company that has paid a dividend and hasn't repaid support...
If they'd actually made the money they claim, why wouldn't they have restarted shareholder returns?
I exited on 15th Jan for a decent profit and posted as such. I've no position and am not looking to take one. The sleight of hand in today's results has made this management uninvestable to me. Given the impressive chart, don't you think it odd that not one of them have bought shares in the last 12 months?
Back to the boring 1-3% daily rise after today as institutional investors drip feed all the way up to £7 based on market rerating MAN multiple
I am in fact a Chartered Accountant. Not all businesses will pay back unless they were raking it in during covid. The industry has struggled during covid to open up full so I think they’ll bank the support because they needed it. Who knows
The point is Q1 is flying and we still have a long way to go as people start to feel more confident going into other peoples who’s ie homebuyers and financial advisers. The P/E here is half Mortgage Advice Bureau so a lot of potential upside.
Why would you knock a company if you were an investor. You are clearly a shorter trying to get the price down to get back in
Given you haven't engaged with any of the points I've raised (all of which are demonstrably true), I'm guessing you aren't actually an accountant at all?
Despite no dividend being paid, shareholder equity has increased by less than the amount given to the business by the government. The business clearly didn't make any genuine profit at all last year. I expect the share price to take a hit when management announce they intend to pay back the CJRS and rates relief monies at the next trading statement/interims.
Completely agree. The low P/E multiple alone should make this share double what it is today. This is where stock markets are messed up. It’s a forward looking indicator but clearly public/investor awareness hasn’t seen this yet. At some point we will get a rerate, being at the top of the ftse leaderboard won’t harm us at all
this company just keeps on giving. another top up today at £4.00 for me. the financial service side of this company is going to fly. Profits up, investment for a digital age, things are really starting to move.
Oh dear out come the derampers...
For any newbies on this board who might be interested in the company’s prospects listen to this
https://zeuscapital.co.uk/exclusives/lsl-property-services-valuation-multiples-have-the-potential-to-double/
They continue to distort their figures by excluding covid costs but including CJRS and rates relief. These adjustments account for £27m/65% of the claimed £41.5m underlying operating profit. They are also using VAT deferrals to massage cash flow and the net debt position. Untrustworthy management IMO
Profits up due to furlough I imagine
No idea what else they need to do to show they are an FS business. MAB1 here we come https://www.lse.co.uk/rns/LSL/major-financial-services-contract-win-vdicj61xklsiq9a.html
results tomorrow.... looking forward to them.
https://www.lse.co.uk/rns/LSL/announcement-of-163200m-jv-with-pollen-street-81es3cpp4wkvp3h.html
Another reasons to compare lsl to mab1 LSL Property Svcs. - Announcement of £200m JV with Pollen Street #LSL @LSLPS https://www.**********.co.uk/rns/announcement/53588320-1dbf-42c6-b9f3-9fb1c7d25f9f #********** undefined
Inching up day by day although the spread was awful today hence looks like a drop
This time next week after the results could be £4-£5 easily. The profit and p/e multiple should be pushing this over £6 but it might take a little longer to get there. People are looking for bargains and rerating shares, this has to be one of the best
Just had to pay £3.36 per share. This has slowly been trending upwards. Once the results come out and they confirm they are moving towards more of a financial services company the stock will re rate. I keep looking at MAB1 as a competitor not the estate agents.
Doing another small top up today.
Listening to the Numis broker note this could double or looking at the market valuation of new acquisitions over £6 easily. A rerating is on the card any day
The price seems to rise on very small trading. I’m expecting the results to be very good. ??
These are expected to be very good but market not aware of this share yet. Get ready for this to take off