Member Info for LillyMonty

Tales it to circa 28% changed hands in last 2 months

Thanks Sain I read the conference call extract over WE. Better than expected, especially if you strip out tax and cape? I think this will do well over 2-3 years, as a chartered surveyors in London I think the bottom was April, May and hopefully things will gradually improve. I hope I remain patient as you originally suggested And not sell

I think these companies have bought 6.5% stakes each recently. See rns Does anyone know anything about this

Let's see.... lets face it.. it's all market dependent , running an estate agency is not that complicated. Compared with other businesses. This company is a bet on London coming back. If it doesnt we all knackered. The market is dire at present. If they can breakeven this year. It will be a result. The management are still paid a fortune. They will stay put. To their credit at least they haven't borrowed a shed load and managed to save £10m last year despite turnover collapsing. I have put a few quid in

This company TO will reduce this year, i estimate circa £105m to Dec 18.

so it remains in the black - just despite the collapse in sales activity, has £18.5m cash, plus £10m credit facility, no debt, alot of restaurent chains would love to be in this situation

The costs are pretty predictable, people in London will eventually start buying homes again, the current boss managed the company during 2008 crisis, I think this could double in 12 months, triple in 36 months

I don't do all that technical trading stuff stuff, just basic valuations, and neither do i pay any attention to analysts reports. i reckon £7.95 on the assets BV re-rated t, lloyds has a higher BV rating currently , and lloyds assets are in £gbp not kitchen sinked US$. profits, I only see regulatory fines declining to make any difference short term, we need higher US$ interest rates to make some proper money at this bank, that should then take it higher again All the above depends on confirmation that the turn around plan is working this time next month is working.