Member Info for ParanoiaBlue

“House prices may fall by a further 55 percent and there is a "very real probability" that Britain will be bankrupted, a leading investment bank has warned in a private note to clients.” http://www.telegraph.co.uk/finance/economics/houseprices/4974499/House-prices-could-fall-by-further-55-per-cent.html

"Estate agent Savills halved its full year dividend after reporting a sharp fall in revenues and profits for calendar 2008. Underlying pre-tax profits tumbled to 33.2 million pounds from 85.5 million pounds in 2007, on revenues that fell to 568.5 million pounds from 650.5 million pounds. The firm moved into losses of 7.7 million pounds when exceptional items such as impairment charges are included. The final dividend was slashed to 3p a share from 12p the previous year, bringing the total dividend to 9p for the year compared with 18p the previous year. Savills claimed the results demonstrated its resilience, given the turmoil elsewhere in the property sector. It said it benefited from paying its employees lower salaries than elsewhere in the sector, with much of their remuneration taking the form of bonuses linked to the company's performance. Chairman Peter Smith said the company was adopting a "very cautious" outlook for 2009 but added that it is well placed compared to many competitors, with a strong financial position. Savills shares slipped 22p to 230p."

A Jackson 241,070 @ 129.2p = £311,462 Excellent bear signal !!??

...posted a 14:27 Even spookier!

..have to check my charts on this one!!

.......posted at 14:23. Spooky!

A very “namesake” response! I am actually impressed. [no irony –honestly]

http://news.bbc.co.uk/1/hi/business/7936573.stm

Estate agent Savills halved its full year dividend after revenues and profits fell sharply in line with continued difficulties in the property sector. Underlying pre-tax profits in 2008 tumbled to £33.2m from £85.5m in 2007, on revenues that fell to £568.5m from £650.5m. The firm moved into losses of £7.7m when exceptional items such as impairment charges are included. The final dividend falls to 3p a share from 12p the previous year making for a total of 9p for the year, compared with 18p the previous year.

http://www.investegate.co.uk/Article.aspx?id=20090311073900ND414

.. a bit of a rise here today! Don't know why?

DSG has been on Company Watch’s critical list for months. The recent SP rises defy rational thought!

..time to get in!

I think the glass is definitely "half empty" here!! In fact I hear the "last orders' bell" ringing as I type! Down the hatch!

I note that the Times suggests “BUY” They admit that they may suffer as consumer spending drops, but corporate demand is strong. So “tuck away for the long term” – which is virtually meaningless! Also I can’t see how they think that corporate demand will continue – companies are cutting back like crazy!! Oh well.

I note that I.C are re-iterating their SELL recommendation. Citing that the outlook in the US and UK is grim for hydrocarbon investment, with scope for even more downside

….2008 was a reasonable year. However, the business is susceptible to the downturn [net debt 89%] Watching for shorting opportunity.

Bear Points: Growing pressure on hotel room rates Increased competition in value meals. Profits very sensitive to falling revenue Opening fewer rooms Bull points Cutting costs and capital spending Robust balance sheet. SELL

Agreed. However next time - I may just take my profit and run!

...never did understand the recent rise!