LSL Property Services
LSL · Main Market · Real Estate · mcap £249m · 257.0p 2 open situations →
Open · 2
£12m share buyback programme
The £7m buyback was completed and followed in January 2026 by a larger £12m programme funded from existing cash. The H1 results (15 Sep 2026) show £4.8m deployed in the half and completion on track by January 2027, alongside an unchanged 4.0p interim dividend.
- Size
- £12m programme launched January 2026 15 Sep 2026 ↗
- Status
- Progressing, per 15 May 2026 AGM update
- Deployed H1 2026
- £4.8m 15 Sep 2026 ↗
- Completion
- On track by January 2027 15 Sep 2026 ↗
- Interim dividend
- 4.0p maintained 15 Sep 2026 ↗
Next: complete buyback programme · 1 Jan 2027
- 15 Sep 2026 In progress; £4.8m deployed in H1
- 15 May 2026 Enlarged buyback still in progress
- 19 Mar 2026 Under way; £7m programme complete
- 27 Jan 2026 Commenced; Shore Capital executing, non-discretionary
Group-wide transformation programme
On 15 Sep 2026 with the H1 results LSL launched a Group-wide transformation programme to simplify operations and remove duplication, focused initially on Finance and Procurement. It targets at least £5m of annualised benefit, building through 2027, at exceptional cost of £4m over 2026 and 2027, supporting an ambition for Underlying Operating Margin above 20%.
- Target benefit
- At least £5m annualised, building through 2027 15 Sep 2026 ↗
- Exceptional costs
- £4m spread over 2026 and 2027 15 Sep 2026 ↗
- Margin ambition
- Group Underlying Operating Margin above 20% 15 Sep 2026 ↗
- Initial focus
- Finance and Procurement 15 Sep 2026 ↗
Next: benefits build through 2027
- 15 Sep 2026 Launched, starting with Finance and Procurement
Closed · 1
Company filings. Not investment advice.