Member Info for Biggsy77

When I worked at this place the sp was over £8, should never have let me go muahahahahaha!

With high street regeneration being the focus of all and supermarket growth being stunted by planning and potential mergers diluting the pot, less spatial requirements come about. As a sector Industrial warehouse set to weaken, clearly manufacturing has all gone abroad, sell what you have while you can

They've had it coming for a long time bwahahahahahahahahahahaha! So long floppy !

It comes to all poorly run companies full of floppys RIP Floppy

DTZ posts pretax loss Bridget O'Connell 07/07/2011 08:20 DTZ has announced a pretax loss of £3.4m in its preliminary results for the year to 30 April. The property services firm, which is involved in takeover talks with its 55% shareholder, SGP, has narrowed its losses from this time last year when it was £23.5m in the red. Its losses before tax and exceptional items were £600,000, down from a profit of £3m, on the back of a strong second half, when it made a £5.4m profit before tax and exceptional items. EBITDA improved to £8.5m from a loss of £3.4m at the same time last year. However, revenue across the group dropped by around 4% to £341.3m as a result of "varying trading conditions across the group's operations". The Asia-Pacific region continued its strong run with revenue up by 8% to £106.3m, while the continental Europe, Middle East and Africa region posted its second successive year of improved performance with profit before tax and exceptional items of £2.4m. In the UK, lower levels of activity and a decision to maintain investment led to a decline in revenue to £128.3m from £145.7m and a huge decline in profit before tax and exceptional items to £3.1m from £8.7m. On the subject of a possible takeover, the company said that there are "ongoing discussions with regard to potential offers and while the board continues to evaluate all options to deliver value for shareholders, there is no certainty that any offer will be forthcoming." Paul Idzik, DTZ's group chief executive, said: "While there is evidence of substantial progress in some areas of our business, the varying trading conditions experienced across the group's operations have led to a small decline in revenues.

Looks like you were right Sir

LOL @ 65-74p & " DTZ aims to be number 1 only in the markets "where it chooses to compete"" The only thing it might make is a parasite on the back of a bigger parasite, perhaps the JLL machine can do it a favour and gobble it up and use the staff for 'rating appeal agents' as every other area from Agency to Valuation is lost ot other firms. The company is one big dry turd full of old digested lingering floppys, one gust of wind and the cookie will crumble. If you have shares sell them and do something exciting with your money because the horse that was 'holding out for a big SP increase off the back of possible takeover bid price' has well and trully bolted and the powder is wet. This company has had its face in the dirt with its ass in the air waiting for a cummer and no one's interested at anything over what the SP is now.

The problem with DTZ is that its being run by graduates and bumped up staff with little experience. There's been some consolidation of positions and yes a few senior fee earners remain but the problem is that the market just doesn't have the confidence to put instructions their way compared to other firms. Idzik is blatently lost with no apparent strategy on show.

This has to be about the 50th director to leave now, he was head of DTZ direct investment in Scotland. Its all very well saying others will move through the ranks but you cannot replace expertise and experience with recently qualified surveyors and without the ability to incentivise experienced talent in the company is now without the credibility to exploit any upturn in property. Epically poor managment

The problem in these situations is that any talent has already left with all the troubles, those 'young quality personnel' you speek of will have by now found greener pastures. All thats left are the dregs, seen it before.

DTZ issues profit warning Bridget O'Connell 28/10/2010 08:16 DTZ has issued a profit warning ahead of its half year results to the end of October. The listed agent said its UK and Ireland and Continental Europe, Middle East and Africa (CEMEA) has “continued to experience the challenging trading conditions” which were signalled in its interim management statement on 17 September. As a result of the announcement analysts have scaled back forecasts for a full year pre-tax profit of around £12m to a “single digit loss” for the 12 months to April 2011. DTZ’s stock exchange announcement said: “At that time [September IMS] we commented that the UK & Ireland and CEMEA were experiencing lower levels of activity compared to the same period last year and this remains the case. “While our pipeline is good, we continue to see protracted transaction lead times and consequently believe some of the recovery in transaction activity which we expected to come through in the second half of our current financial year will now be pushed back into the next financial year. “ “Consequently, the group expects its results for the full year to 30 April 2011 to be below current market expectations and expects to report a small loss for the year.” It added that its Asia Pacific and Canadian businesses have performed strongly, and it is confident in the longer term following its earlier restructuring programme, and investment in key revenue generating areas which put it in a good position to grow its top-line revenue and profitability.

Chief Excec Ian Coul has been er retired, credited with single handedly trashing the good name of Slough Estates and through poor development planning leaving the company with its pants down in the down turn. At one point the sp was well over £8.00 and emptied all the way down to circa £2.00. Then the egotistical purchase of Brixton which increased voids further and diluted the strength of the company. Finally after most of the talent has been pushed out of the company the board had enough of his antics and served him his own ass with some haggis as a golden duck goodbye.

I keep waiting for this to bottom out but it seems to just keep falling steadily, at this rate I think I'll buy at about 35p

DTZ has been given the go ahead to introduce allegations of fraud in its defence to a professional negligence claim brought against it by the administrator of collapsed property finance company Lexi Holdings. This morning, high court judge Henderson J ruled that DTZ and fellow defendant solicitor Mace & Jones should be allowed to amend their defences to introduce the allegations as part of an “illegality defence” to Lexi’s claim. An illegality defence is one in which a defendant pleads that although it has acted negligently a claimant cannot sue due to its own illegal acts.

CBRE have smashed results expectations with a massive eranings increase, JLL have outperformed their expectations. So how have DTZ done?

Yes it was to do with a failed corporate finance strategy, apparently many of the brains in that dept were swept asside my knowles etc all to make way for his egotistical 'I can do this' attitude with little regard to the fact he knew nothing of what he spoke having come from an investment agency back ground, but thought he could easily turn his hand to corp finance, so it failed misserably and he got handed his own backside as a result of his blithering egotistical stupidity that had single handedly collapsed the department into a black hole. Apparently that well known top performing company that is LSH are now lumbered with him lol!

Most of the property advisory are on the up so it seems strange this one is still languishing/falling. There are still managment proplems as the company realigns itself to modern market conditions and the sacking of John Knowles is only the start of the middle tier managment culling.

DTZ has reported a half year loss of £20.6M

The case has been in lots of press, and anyone that knows property, as all the clients do, will have seen it. Its not important how the case turns out at all, no doubt DTZ will try settle out of court, thats what the original article I posted says. But the fact remains, something was valued at over £14m, when it was worth around £3m tops and actually sold in a rush for £900k. Thats a trully EPIC level of incompetence by on of DTZ's most senior directors. I as again, would you trust them to value a property you were lending money against, I would not and what it makes crystal apparent is that there isn't the relevent counter approvals required for these valuations to go out on paper to clients/banks. If there are then thats even more worrying . Bottom line, it doesn't need to outcome of a court case to see the facts as they are, anyone with a calculator can see whats hapened, goodness knowas what else will come out of the woodwork!

You have completely missed the point, somehow! PI may or may not save them from the £8m drop in their profits (depends on the clauses, hopefully they're covered for insane stupidity). The point is which lender in their right mind is going to refer valuations to DTZ now? would you? thats it, reputation smashed, the tide went out and they had no clothes on. Withe agency fees down due to lack of transactions the vals team both portfolio and lending were the only thing holding up their trousers and paying for the hairstyles, thats just been farted out the window splendidly, its another nail in the coffin for the mop tops!