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Profits drop 72%
Big drop in revenue and profits. Sub 900 on it’s way.
The data for this stock has been manipulated last days to swindle people in more than one place
Started: mcivorv2.0, 12 Sep 2021 23:36
Last post: mcivorv2.0, 12 Sep 2021 23:36
Last post: Ejackson, 13 Dec 2019 16:28
Onwards and upwards!
It was early in April 2018 when we last saw an SP of £10.
Here's hoping this becomes a solid support level and we can see some good forward momentum.
Another very good TU from SVS given all the global uncertainty at the moment.
They do have an excellent balance to the the revenue stream enabling them to cushion disappointments from certain quarters as and when they arise.
The US operation looks to be on course now and beginning to motor on under the stewardship of Jeremy Helsby and the exchange rate will help hugely too.
Overall, it looks like Mark Ridley has invested quite heavily in recruitment and building the business organically, which is pleasing to see. The revenue growth is impressive and whilst there might be some unavoidable geopolitical bumps in the road ahead, SVS look well placed to deal with them.
A class act and very investable as the strong buying since the TU suggests.
Pleasing to see the SP so strong at this time of the year which hasn’t been the case in previous years.
My thoughts are that the US operation under the more hands on and beady eye of Jeremy Helsby is now bearing fruit. It was his baby and now he is free of the wider role of Group CEO, he can really get a hold of it and ultimately be lauded for his decision on the acquisition of Studley.
Started: Ejackson, 14 Mar 2019 09:29
Last post: Vicente, 14 Mar 2019 09:36
bizarre isn't it? just don't get it.
A very good set of figures and the usual future caution about the w/w geopolitical situation. Pleasing to see the US side appears to be on the right track now.
Is a 10% drop in the SP really justified?
Taken from the last TU RNS:
The performance of our existing businesses together with a deliberate reduction in business development investment under current market conditions, led to a stronger year-end net cash position than originally expected for the Group
This got me thinking of the options open to them:
1) A significantly higher dividend
2) A special dividend
3) Continue to retain cash which would allow the company to take advantage of potential opportunities when the geopolitical picture becomes clearer.
4) Invest organically and bolster existing successful teams but given the statement still leaves headroom for 1) & 2)
Have I missed anything? Thoughts?
Started: Ejackson, 15 Jan 2019 10:58
Last post: Ejackson, 15 Jan 2019 10:58
Given all the geopolitical factors at play, a very solid RNS.
Good to note Heronbridge making a debut investment of just over 5%.
I would like to believe they would have done so following a meeting with senior management and drawing confidence from that. This, coupled with the weakened share price over the past few months, would appear to have made Savills a good investment case.
Sadly I am unable to divert funds in a similar fashion at this moment in time but would be following suit with a top up if I was in a position to do so.
Started: Ejackson, 14 Aug 2018 11:29
Last post: Ejackson, 14 Aug 2018 11:29
Not quite the usual cut and paste from Jeremy Helsby but good enough given the bigger picture. Enough confidence in the pipeline to reiterate their expectations remain in line for full year and a helpful increase in the dividend to underline this. The board appear keen to want to increase their global footprint in areas they don’t currently operate in which should help future earnings not being too reliant on any one area, Asia being the obvious example and which has driven the results so well over recent years. Happy to hold but some downward pressure on the SP is more likely than not so top sliced.
Boringly, Savills appear to be being dragged down by the woes of Countrywide. The market always appears to forget just what a diverse and global business Savills actually is.
Still, if it continues to drift there will be a buying opportunity.
Started: Ejackson, 15 Mar 2018 11:01
Last post: Ejackson, 15 Mar 2018 11:01
All very good reading with the usual 'cut and paste' from Jeremy Helsby about geopolitical risk etc going forward helping to manage expectations again. I suspect the share price will not move greatly in either direction until the next TU comes through which if previous years are anything to go by, will then push the SP upwards. Steady as you go.
I reckon if there's a share top be shorted its this one...stop 1050
Started: Ejackson, 16 Jan 2018 09:06
Last post: Ejackson, 16 Jan 2018 09:06
Standard patter from Savills. True to form, the have managed shareholder expectations from the outset and then deliver a pre-close to announce results will be ahead of expectations with the only difference this time that there will be a change in leadership. Once again though, this has been clearly thought through and there will be a 12 month handover to ensure everything goes smoothly. The only possible fly in the ointment that I can see is the US operation which has not been mentioned in despatches and I note Jeremy Helsby will be staying on in an advisory capacity. This was his baby and my gut feel is that it hasn't quite gone as well as everyone anticipated, hence him taking a more active involvement in the future. I look forward to the RNS with the full results.
Started: sain@vision, 27 Sep 2017 11:39
Last post: sain@vision, 27 Sep 2017 11:39
Investors in Foxtons, Purpelbricks LSL, CWD can only look on and admire here A global reach ,only align themselves with quality clienst and recruit from the top drawer You wont see themslves shouting Commisery as they discreetly slip out a £400m City office investment in an offmarket deal for a £400k fee
Started: Ejackson, 14 Aug 2017 18:58
Last post: Ejackson, 14 Aug 2017 18:58
Barclays shifts to underweight and Credit Suisse reiterates outperform with a higher target in the mid £10 the market in the meantime marks us down to £8.65....sadly I haven't got anything to move out of and top up here as I believe there could be a good buying opportunity if it goes much lower.
Last post: Ejackson, 13 Aug 2017 22:25
Very tidy set of numbers and looks good value on a forward pe. Savills has consistently delivered and its recent purchase in Spain looks well timed.
Last post: Vicente, 16 Jun 2017 19:46
out there?
Started: Ejackson, 22 Mar 2017 17:41
Last post: Ejackson, 22 Mar 2017 17:41
I am surprised at the market reaction to todays figures and trading update. To mark down the SP seems somewhat churlish although at least Numis have upgraded there target to just short of £10. Happy to hold.
Last post: Ejackson, 22 Mar 2017 07:29
Doing all the right things in all the right places. A very good set of results, good dividend growth and the usual cautious optimism going forward having had the opportunity to take a look at the pipeline for the first 3 months of this year.
Started: redchilly, 17 Jan 2017 15:46
Last post: Ejackson, 6 Mar 2017 14:01
There you go Redchilly, 875 achieved. Interested to know where you stand now....buy, add, sell or hold? Personally, I am happy to hold until the results which I believe will make for very pleasant reading. They do like to be particularly cautious in their statements with regards to the future but have a habit of outperforming.
Looking encouraging redchilly. I suspect we may be rising into the publication of results. I just wonder whether there maybe a special dividend in the offing?
Breakout on high Volume on Weekly chart https://uk.tradingview.com/x/eGA9RE0v/ Target 875 dyor Follow my twitter account for regular trading updates - @chartsvision
Started: sain@vision, 12 Jan 2017 08:13
Last post: Ejackson, 12 Jan 2017 08:37
We agree again sain@vision. They are in all the right places doing the right things. I have a warm glow today having topped up post Brexit after the main board bought some significant shares demonstrating their belief and knowledge of how the business was performing.
Savills are a class act with a reputaion to match Head and shoulders above listed competitors Grown theiri buiness organicaly and incrementally unlike CWD with their scattergun approach now paying g the price as they are unwinding it