LSL.L - LSL Property Services plc

LSE - LSE Delayed price. Currency in GBp
199.50
-10.50 (-5.00%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close210.00
Open209.00
Bid200.00 x 0
Ask208.00 x 0
Day's range199.50 - 209.00
52-week range143.50 - 345.00
Volume2,359
Avg. volume150,810
Market cap207.797M
Beta (5Y monthly)1.39
PE ratio (TTM)15.83
EPS (TTM)12.60
Earnings date10 Mar 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date08 Aug 2019
1y target est268.00
  • The Lsl Property Services share price – where next?
    Stockopedia

    The Lsl Property Services share price – where next?

    The Lsl Property Services (LON:LSL) share price has risen by 13.1% over the past month and it’s currently trading at 190.75. For investors considering whether...

  • Upbeat broker recommendations for Lsl Property Services
    Stockopedia

    Upbeat broker recommendations for Lsl Property Services

    The Lsl Property Services (LON:LSL) share price has risen by 19.8% over the past month and it’s currently trading at 201. For investors considering whether to...

  • Does The Market Have A Low Tolerance For LSL Property Services plc's (LON:LSL) Mixed Fundamentals?
    Simply Wall St.

    Does The Market Have A Low Tolerance For LSL Property Services plc's (LON:LSL) Mixed Fundamentals?

    With its stock down 44% over the past three months, it is easy to disregard LSL Property Services (LON:LSL). We...

  • Is There Now An Opportunity In LSL Property Services plc (LON:LSL)?
    Simply Wall St.

    Is There Now An Opportunity In LSL Property Services plc (LON:LSL)?

    LSL Property Services plc (LON:LSL), which is in the real estate business, and is based in United Kingdom, saw a...

  • The Housing Market Is in Lockdown
    Bloomberg

    The Housing Market Is in Lockdown

    (Bloomberg Opinion) -- The U.K. housing market — that obsession of middle-class Brits — has been placed in suspended animation. Buyers and renters have been told to delay moving home to limit the spread of coronavirus. While a few transactions are still going through, a functioning market depends on prospective buyers and surveyors being able to view people’s homes. Mobility restrictions and distancing measures make that all but impossible.Set against the loss of life caused by the virus, the anticipated collapse in housing transactions for at least the next few months is a price worth paying. Still, the knock-on effect will be severe across the sector, from the mortgage lenders obliged to offer struggling customers three-month payment holidays to the home-builders like Persimmon Plc and Taylor Wimpey Plc who’ve closed construction sites. For estate agents, struggling even before the pandemic, the standstill will be particularly painful.Boris Johnson’s government is trying to cushion the blow by suspending property taxes for businesses and paying employee wages (yes, even for real estate agents). But smaller outfits, those with weak balance sheets or those that were mismanaged before coronavirus struck, face a very difficult year. In the 2008-2009 downturn thousands of estate agents left the industry.It won’t be just those forced to shutter high street branches that face a bleak period though; while employees of digital property portals such as Rightmove Plc and Zoopla can more easily work from home, they’re being drawn into a brutal price war.With the busy spring and summer selling season poised to start, the timing of the lockdown could hardly be worse.  The U.K. property market has already endured a few tepid years of because Brexit worries, stamp duty changes and high house prices that make it harder for people to purchase a home. Now the much ballyhooed “Boris bounce” after his recent election win has been extinguished and 2020 looks like being a write-off, forcing estate agents to slash costs.Countrywide Plc, the country’s biggest estate agent, was already ailing, having piled on debt to fund expansion. Shareholders recapitalized the business in 2018 via a massively discounted rights issue. Its debt covenants were also amended. Now, a takeover by rival LSL Property Services Plc has been called off; an agreed 38 million pound sale of its commercial property arm also failed to complete. Including lease obligations it still has about 194 million pounds of net debt, or almost 6 times ebitda. That’s uncomfortably high.London-focused Foxtons Group Plc is also loss-making but it has no bank or bond debt and held 15.5 million pounds of cash at the end of December. It has since drawn down a 5 million pounds credit line. However, renting office space and the ubiquitous Minis that its agents drive around consumes about 12 million pounds annually, so it too must slash costs.  Besides rent, another big outlay for agents is the cost of advertising properties for sale with online portals. On average market leader Rightmove Plc charges agents more than 1,000 pounds a month for each advertiser. Coronavirus has sparked a full-blown rebellion against such fees. Rightmove’s initial offer to defer part of those payments for six months was poorly received, forcing it to backtrack and offer a 75% discount for the next four months instead. This will cost about 70 million pounds, or about one-fifth of estimated revenues. But that’s not the end of it: Rival Zoopla, which was acquired by private equity firm SilverLake in 2018 for $3 billion, is offering agents nine months free if they quit Rightmove. On Friday Rightmove suspended its dividend and scrapped its financial guidance.Loss-making platform Purplebricks Group Plc says it plans to conduct viewings and valuations via Zoom, Facetime and Whatsapp. But its fixed-fee model (customers must pay even if their home doesn’t sell) could come under more pressure. The company is already reeling from a failed U.S. and Australian expansion. German media giant Axel Springer SE doubled its stake last year and now owns 26% of the group, but the shares have since lost about two-thirds of their value.  It’s not all bad. The collapse in travel bookings has prompted people who usually let their homes on Airbnb in tourist hotpots like London and Edinburgh to advertise long term rentals instead. Eventually the wider property market should rebound, driven in part by the desire of those who are presently housebound deciding they really do need a bigger home or more green space.Yet the pace of that rebound, and the outlook for prices, will depend on whether government succeeds in preventing the temporary shock of coronavirus wreaking permanent economic damage. As elsewhere, unemployed Britons will be less inclined to purchase a home, and banks could tighten lending standards. Estate agents that survive the current drought will have to work even harder for their fees.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • LSL Property drops plans to merge with Countrywide
    Reuters

    LSL Property drops plans to merge with Countrywide

    Shares in Countrywide plummeted 47% to 87.2 pence by 1119 GMT after the news, while LSL dropped 13.4% to 214 pence. Countrywide said it had seen an uptick in public sentiment through the early part of 2020, which reflects the general mood of the market after PM Boris Johnson's landslide victory in the December elections. Countrywide said it remained confident in its underlying business as an independent company.

  • Is LSL Property Services plc's (LON:LSL) CEO Pay Fair?
    Simply Wall St.

    Is LSL Property Services plc's (LON:LSL) CEO Pay Fair?

    Ian Crabb became the CEO of LSL Property Services plc (LON:LSL) in 2013. This report will, first, examine the CEO...

  • What to Watch: Estate agents eye £500m merger, stock markets tank, and profits rise at Express and Mirror owner
    Yahoo Finance UK

    What to Watch: Estate agents eye £500m merger, stock markets tank, and profits rise at Express and Mirror owner

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters

    LSL Property and Countrywide in talks on possible tie-up

    Shares in Countrywide, which was valued at 111 million pounds at Friday's closing price, rose after confirmation of the tie-up talks, which were first reported by Sky News on Sunday. London-listed LSL's shares were not traded on Monday, Refinitiv Eikon data showed. LSL, which has a market capitalisation of around 353 million pounds, also confirmed the talks between the two companies, which it said were ongoing.

  • Estimating The Fair Value Of LSL Property Services plc (LON:LSL)
    Simply Wall St.

    Estimating The Fair Value Of LSL Property Services plc (LON:LSL)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of LSL Property Services...

  • Did You Miss LSL Property Services's (LON:LSL) 17% Share Price Gain?
    Simply Wall St.

    Did You Miss LSL Property Services's (LON:LSL) 17% Share Price Gain?

    By buying an index fund, investors can approximate the average market return. But if you buy good businesses at...

  • Based On Its ROE, Is LSL Property Services plc (LON:LSL) A High Quality Stock?
    Simply Wall St.

    Based On Its ROE, Is LSL Property Services plc (LON:LSL) A High Quality Stock?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Does LSL Property Services plc (LON:LSL) Have A High Beta?
    Simply Wall St.

    Does LSL Property Services plc (LON:LSL) Have A High Beta?

    If you own shares in LSL Property Services plc (LON:LSL) then it's worth thinking about how it contributes to the...

  • Who Has Been Buying LSL Property Services plc (LON:LSL) Shares?
    Simply Wall St.

    Who Has Been Buying LSL Property Services plc (LON:LSL) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

  • Despite Its High P/E Ratio, Is LSL Property Services plc (LON:LSL) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is LSL Property Services plc (LON:LSL) Still Undervalued?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at LSL...

  • Why You Should Leave LSL Property Services plc (LON:LSL)'s Upcoming Dividend On The Shelf
    Simply Wall St.

    Why You Should Leave LSL Property Services plc (LON:LSL)'s Upcoming Dividend On The Shelf

    It looks like LSL Property Services plc (LON:LSL) is about to go ex-dividend in the next 3 days. Investors can...

  • What Are Analysts Saying About LSL Property Services plc's (LON:LSL) Future?
    Simply Wall St.

    What Are Analysts Saying About LSL Property Services plc's (LON:LSL) Future?

    On 30 June 2019, LSL Property Services plc (LON:LSL) announced its earnings update. Overall, analysts seem highly...

  • These 4 Measures Indicate That LSL Property Services (LON:LSL) Is Using Debt Reasonably Well
    Simply Wall St.

    These 4 Measures Indicate That LSL Property Services (LON:LSL) Is Using Debt Reasonably Well

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Should You Buy LSL Property Services plc (LON:LSL) For Its Dividend?
    Simply Wall St.

    Should You Buy LSL Property Services plc (LON:LSL) For Its Dividend?

    Is LSL Property Services plc (LON:LSL) a good dividend stock? How can we tell? Dividend paying companies with growing...

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