Audio Note: LSL Property Services – Pipeline: slower but not older

26. LSL Property Services

10 August 2022

In this audio note, Zeus’ Robin Savage summarises the investment case for LSL Property Services.

LSL’s interims reveal increased market share and productivity in Financial Services and Surveying, but slow down in conversion of exchanges into completions has raised the pipeline 26% yoy to £26.7m (Dec 21: £20.7m; June 21: £21.2m), skewing revenue and profit into 2H and probably into 2023.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.


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