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eric pebble

Wipe-out At Savills As Profits Collapse

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Wipe-out at Savills as profits collapse

The recovery in the London housing market was not enough to stop a profits collapse at Savills.

Profits fell from £33.4 million for the first six months of last year to just £100,000 this time around. Revenues were down 11% to £247.6 million.

Recovery in the London housing "market" my :P:lol: @rse!!

http://www.thisislondon.co.uk/standard-bus...apse/article.do

JEEEEEEEEEEZZZZZZZz the ramping in the media is incredible...... :rolleyes:

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Wipe-out at Savills as profits collapse

The recovery in the London housing market was not enough to stop a profits collapse at Savills.

Profits fell from £33.4 million for the first six months of last year to just £100,000 this time around. Revenues were down 11% to £247.6 million.

Recovery in the London housing "market" my :P:lol: @rse!!

http://www.thisislondon.co.uk/standard-bus...apse/article.do

JEEEEEEEEEEZZZZZZZz the ramping in the media is incredible...... :rolleyes:

It is always a sign of a coverup, when you see such a small profit margin for such large turnover. Actually I think they made a loss, but fudged the figures to show a small profit. Definity one to watch.

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£100,000 profit.

They be better shutting up shop , fire all the EAs and the 3 remaining directors sell the Big Issue on the streets of Chelsea. ;)

:lol::lol::lol::lol:

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It is always a sign of a coverup, when you see such a small profit margin for such large turnover. Actually I think they made a loss, but fudged the figures to show a small profit. Definity one to watch.

sounds like they learned a thing or two from the GDP stats boys.

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It is always a sign of a coverup, when you see such a small profit margin for such large turnover. Actually I think they made a loss, but fudged the figures to show a small profit. Definity one to watch.

Agreed.

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Is this an indicator of underlying transaction problems? Time to short the estate agents again?

The Ea's just need some new marketing techniques and office revamps. The designer look is so yesterday,

hard times require a retro look.

A Jim'll fix it chair could double as an electric execution chair for failed salesmen

I'd buy a house from this lot

Savile_1405722c.jpg

Edited by Saving For a Space Ship

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Revenues down "11%" but profits fallen off a cliff from "£33.4m to £100k"?

That looks strange.

Hello the FSA.... something for you to look into there.....

Wot? Divert their gaze from their @rses? :unsure::blink:

NAH!........... :P

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Revenues down "11%" but profits fallen off a cliff from "£33.4m to £100k"?

That looks strange.

Hello the FSA.... something for you to look into there.....

Strange in what way?

So profits have fallen by 100% for an 11% reduction in revenues. Doesn't it just tell you that they had an operating margin of 11% during H1 2008?

Of course, in the absence of understanding, a conspiracy theory always make a fun explanation!

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