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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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LSL Properties

May 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LSL
  • Price:
  • 405p
While a rising tide has lifted the boats of most property services companies, shares in LSL have frustratingly remained below our tip price. This is due to a sluggish 4% rise in underlying pretax profit and 6% growth in eps to £33.9m and 25.3p respectively in 2013. This reflects increased investment in new staff but also an unexpected £12m increase in PI provisions at its surveying division (covering claims for negligence due to over-valuations in the last boom). The extra PI claims meant net debt was disappointingly unchanged at £26.3m (2012: £26.6m). Excluding PI claims, surveying profit fell 6% to £13.1m reflecting the loss of a contract that was brought back in-house. Two other contracts are also up for renewal this year ...

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LSL Properties - Set stoploss at 305p (November 2014)
LSL Property Services - Estate agency firm benifiting from surge in houseing transactions (September 2013)
LSL Property Services - New surveying and estate agency firm (February 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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