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.

Continues to tick higher and now back at the highs before heading off into uncharted waters...

Excellent results today but still not drawing in the masses.

Profit warning.

Obviously ABN Amro got it all wrong...


UK smallcap opening - LSL Property Services slumps on Q4 warning - AFX

LONDON (Thomson Financial) - LSL Property Services came under pressure and slumped 32 pence - or 18.8 pct - to 138 after the company warned it expects the trading out-turn for the last quarter and its closing pipeline to be below its original expectations.

LSL cautioned at the half-way mark that recent successive interest rate rises were starting to affect housing affordability and consumer confidence generally and that lower housing transaction volumes in the second half of 2007 were anticipated. Since then, the unexpected events in the banking market regarding credit availability have further reduced buyer demand and, as a result, transaction volumes during September and October to date have been significantly lower than expected.

Fundraising moves upset Dori Media, 12 off at 169. The media company has placed about 2.6 mln shares with institutional investors, at a price of 165 per share, raising gross proceeds of 4.2 mln stg before expenses.

The proceeds will be used to support its 'rapid' international expansion both organically and through selective strategic acquisitions.

Also on the back foot, Nautical Petroleum dipped 0.50 to 12.00 after the company raised around 20 mln stg via a placing with institutional investors at 10-1/2 pence a share. This will help cover capital expenditure and other expenses for its drilling projects.

tf.TFN-Europe_newsdesk@thomson.com

Grateful to have got out earlier in the year!

MISS IT

Added a few more of these. More and more younger people letting property now. Chart moving off a recentish bottom.

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?