Analyst Research Report Snapshot

Title:

LSL PROPERTY SERVICES - ESTATE AGENCY AHEAD, WELL PLACED FOR GROWTH

Price:

$10.00

Provider:

Edison Investment Research

Date:

30 Aug 2013

Pages:

8

Type:

AcrobatPDF

Companies referenced:

LSL.L

Available for Immediate Download
Summary:

The shares are 79% up this year on the back of a revival in the UK housing market and the perceived benefit for an operationally geared and tightly run operation. Higher mortgage lending has been spurred by government initiatives, the last of which is the ‘Help to Buy’ mortgage guarantee scheme due to commence in January 2014. We have increased our FY14e market assumptions, which were previously broadly flat mortgage approvals and housing market volumes. Although LSL is well placed to capitalise on a better market, our revenue and profit forecasts are in line or marginally ahead, due to increased investment in estate agency and surveying divisions to build capacity in readiness for a market recovery.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.