This newly floated property company providing residential property services is trading ahead of expectations. Results are due 7th March. The services include estate agency services, financial services and surveying. I'm expecting to see LSL start to gather interest with a few tips and upgrades along the way.

Forgot to mention Director recent buy.

Brokers in general very much
in favour.

Forward P/E of 7.55 to 2013
PEG 0.66

WAY too cheap imo.

LSL Property Services PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

FinnCap
10-08-12 HOLD 32.10 23.20 9.30 34.90 26.40 9.80
Panmure Gordon
08-08-12 BUY 35.90 27.50 10.00 38.30 29.30 11.00
Edison Investment Research
07-08-12 None 32.70 25.00 9.10 39.00 28.20 9.50
Numis Securities Ltd
01-03-12 BUY 36.40 26.10 9.80 39.50 28.40 10.60

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 33.37 24.97 9.41 37.35 27.80 10.00
1 Month Change -1.57 -0.73 -0.04 -1.17 -0.10 -0.06
3 Month Change -1.53 -0.67 -0.02 -1.18 -0.05 -0.03


GROWTH
2011 (A) 2012 (E) 2013 (E)
Norm. EPS -32.35% 65.78% 11.37%
DPS 3.80% 14.76% 6.30%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £32.90m £39.14m £41.51m
EBIT £21.85m £34.50m £36.50m
Dividend Yield 3.90% 4.48% 4.76%
Dividend Cover 1.84x 2.65x 2.78x
PER 13.94x 8.41x 7.55x
PEG -0.43f 0.13f 0.66f
Net Asset Value PS -62.56p 64.80p 78.30p


Hemscott Premium.

LSL recent article.......


http://www.bbc.co.uk/news/business-19288208#?utm_source=twitterfeed&utm_medium=twitter

Nice to see stock on loan
proxy for short selling having
fallen in last 8 weeks or so...

Special div of 20p this week, but on a downward trend..... so harry any comment, be glad to hear your view.

Looks like there's some interest from others in this one so dipped toe in, property on the up and brokers all on buy. so fingers crossed.,.

Back in the money, property on the move.
recent broker view : 08 Aug 14 LSL Property... Jefferies International Buy 356.38 650.00 650.00 Reiterates

Up 7p this morning.

Was your post #15 aimed at me Bb? (Not a stock I have followed, if so).

yes, just wondered if you have any comment about this one, in profit after div if it happened, as the record date was changed to the 15th aug, does that mean the div day moved on a week too?

Not looked at it at all, sorry. Probably best if I keep quiet rather than reveal my ignorance!!! Somehow I missed the decent divi.

Have you looked at the chart lately Harry?

Looking good Bb. I haven't invested here though.....yet!

20.5p div coming on this one, I think 8th Aug. i'm In!! and in profit with sp.,.

Good move to hang on here, looking very positive.

EDIT, not sure about div, just seen that 20.5p div was 2014 Sorry all.,.