Member Info for jamesmaggs

I see your points particularly on the commercial side. I just view this one as bumping along the bottom along with a load of other shares that are being brexit-hammered. Hopefully they'll react and adapt in the best way to keep paying the divvies gulp!!!

I plant more than I burn as you know lol. Night bud

good point,I remember all the fuss at the time!

Just saw him on the Cazd thread bud. I've got heaps too but surprising how quickly it reduces. Also have a small mountain of pallets awaiting reassignment lol

Got you, been a long time since we were on this one. Sage found it originally I think

Best to scan the boards first then! Hope you're getting better wassatt,AA I'm getting through a lot of wood at the moment...once you start!! I see xel and those new world oil things have gone,glad I wasn't chasing them! Where's Lego?

So here you are again,what happened to our usual haunt then?

Always has been difficult to value goodwill when selling an agency although managed lets seem to attract buyers these days. Took over a few registers in my time from closedowns but never paid upfront,just on a percentage and those sole agencies never stick around. Was in central London in the '80's and saw the even more bonkers logic of buying up agencies then changing the name to ......property services,in one year from 4 to 12 offices and back to 4 when I left! Let's hope this lot their act together and get back to basics. They were historically at the sharper end but successful nonetheless.

the lines are increasingly blurred when you look at estate agency overall,is it a profession with a fiduciary duty to do the best for their client or is it all about fees,sales and bolt on sales for conveyancing,mortgages,referall fees for anything and everything?! Difficult to say where the industry as a whole is headed but interesting comparisons with the states,Canada,Australia etc which is all about full fees and price achieved whereas 'where it all began' seems to be all about fees and a gathering sentiment embracing Internet based solutions to an awkward process that surely isn't enriched therein?

Not guilty,just a username. Cut my teeth in the corporates in the old days when they pioneered 7 days a week etc ,upsetting the establishment by actually selling houses but spent the next thirty years independent with my own practice for most of it which I sold a couple of years ago,didn't go to CWD due to lock ins but still consider their brands and locations have value over and above the current negativity on the SP but time will tell on that one! Thankfully I offloaded on the profit warning day spike but regretfully I have added since then lured by the yield. I could say the same about many shares and have learned to ignore the chatter and sell if I 'feel' it's toppy and buy/add if it 'looks too cheap' most often relative to yield and if I wasn't already 'in' I would be buying now as the latter feeling pervades. No one gets it right everytime but my income p/f is very diversified so an overview is the overall income for me.

Interesting comments and debate. Arguably they have expanded over growth and possibly got caught on the wrong side of the negativity surrounding UK plc post-referendum as sentiment is dragging down many share prices. The perennial issue with corporates has ever been the centralised strategies applied to local markets which is why independents have never died out as they react quicker to changing trading conditions and are arguably more interested in the sale first rather than the spin offs cart before horse approach which IMO impedes getting the instruction and deal itself. Good negs want sales not mortgage referrals and as far as solicitors I'm afraid to say the factory brigade wouldn't exist if it wasn't for carrot and stick directives and I'm yet to see a repeat business on the back of one. That aside I don't think the leadership here are as inept as say the insurers who bought en masse and ran for cover after the pru realised the mistake first(going back a bit!) and we are in a recovery scenario as so many sectors and if I convince myself the divvy has a reasonable chance I'll probably add a few more too. There a feeling the Internet brigade could change everything but I personally think a hardening of the market will change that and those agents who wake up to basics of chain building and doing deals rather than selling themselves on cheap fees and hoping the 'order taking' off the portals will do the job for them! Perhaps we all need to come out of retirement and show them how to get the job done properly again!!!

Daily volumes unless in notifiable quantities or in bursts of intraday momentum either way rarely move the SP as arguably there is a buyer for every share sold. Clinging to the positives,at least as sain reminds us, the dividends are well up there. The listed peers,namely lsl and foxtons aren't exactly riding high either,winkwoths hardly traded but at least that one seems to pay quarterly. Just a waiting game in an out of favour sector I guess. GLA

Financial position The Company's financial position remains strong and the Company is expected to end the half year with a net cash balance of approximately £9m. In addition, the Company is supported by a £10.0m revolving credit facility, which is currently undrawn. Dividend Notwithstanding the difficult trading conditions set out above, the board proposes to announce an interim dividend of 2.5 pence per share, a similar level to that paid in respect of the first half of FY16, and currently expects to announce a final dividend of 4.6 pence per share.

Interesting points. Tbh I'm no fan of the company being 'independent' through and through but I believe the shares are under-valued relative to yield and SP.

I think I mentioned an 'element' of repeat business which most definately applies in my experience. Staff continuity at branch level is more important than management in terms of feeding the food chain and corporates have been slow to pick up on that IMO. Irrespective, it's a cracking yield at these prices and a profitable business nonetheless. GLA

Agreed,thankfully the snouts in the troughs politicians and bankers post-crash elevated our status somewhat!!! Only two reasons for investing in a share, income/SP akin to yield and whether the SP will rise,I try and get a combination and happy to have joined this one around the last update with a few trades on the way as one does, especially the profit warning upward spike which was unusual! Also recently added a few wink for the quarterly div(not the spread and lack of liquidity lol) and lsl and foxt as always full of ups and downs! As with most industries,outsiders make their assumptions and generalisations in a niche business much maligned and invariably misunderstood!

Even though the corporates thrive on shuffling around branches,staff,strategies and names,there will always be an element of repeat business from the site locations and believe it or not telephone numbers assuming they keep them although I would imagine the key driver here is group expansion of referral business. Interesting share price relative to the healthy dividend and progressive approach to the industry I'd say in the face of negative sentiment from the usual ill-conceived perception that the fair weather pop-ups will be around when the market toughens up.

No worries bud,lips sealed lol!!! Night all

More heat on the way,better put some bottles of water in the freezer!! We do live the high life lol

All hands on deck for me and multiple gardening situations all over the shop this time of year,been diversifying since brexit opened up a load of opportunities so can't complain on the divs front. Hardly any of my aims doing any good and the biggest one cyan at the moment asleep, the others seem to dilute daily lol!! Had a good turn on some communisis today and centaur media woke up today but keeping as ex soon. I now own 4 lawn mowers and a tractor for cutting grass and am in the market for a load of chicken wire as Rosie taking a huge interest in young hedgehogs!! Hope the index trades going okay bud. Better send a search party for Lego then! Hope you're not getting too used to having the butler all to yourself when I'm fielding Troj?!!!