Date: Tuesday 31 Jul 2012
LONDON (ShareCast) - LSL Property Services, the owners of the Marsh and Parsons chain of estate agents, has dropped sharply after revealing a pre-tax loss for the first six months of the year.
In the six months to the end of June the firm took a loss of £7.9m compared to a profit of £6.5m in 2011.
The loss came despite a 17% rise in revenues to £120.8m and an increase in operating margin from 11.5% to 12%.
The problem for the group has been a large provision for personal indemnity (PI) claims relating to the property boom between 2004 and 2008 and the loss of a surveying contract with mortgage provider Cheltenham and Gloucester.
PI provisions have risen to £17.3m due to a “recent deterioration” in claims. The loss of the C&G contract saw income in the surveying business decrease 10% to £34.4m.
The group’s shares had fallen 12% bt 10:54.
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Currency | UK Pounds |
Share Price | 303.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 305.80 |
52 Week Low | 216.00 |
Volume | 464,473 |
Shares Issued | 103.87m |
Market Cap | £314.73m |
RiskGrade | 215 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 2 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 2 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 09-May-24 | 05-Oct-23 |
Paid | 28-Jun-24 | 10-Nov-23 |
Amount | 7.40p | 4.00p |
Time | Volume / Share Price |
13:47 | 105,000 @ 305.00p |
13:47 | 105,000 @ 305.00p |
13:43 | 4,386 @ 303.40p |
13:08 | 7,153 @ 305.00p |
11:02 | 32,439 @ 305.00p |
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