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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Speymill | SYG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 | 0.325 |
| Top Posts |
|---|
Posted at 12/9/2014 20:33 by praipus Recent RNS has some strange dates on it. First Eagle with 4.13%I believe First Eagle is a fund managed by Bruce Greenwald a value investor so I track what they do on the WAM thread. |
Posted at 06/12/2010 09:42 by ivor hunch I picked up some this morning - just 50,000 but might have another bite at the cherry later.I hope this bb gets more lively as I see SYG as an interesting recovery situation. I did extremely well on them some years ago when they moved from Wigmore into SYG and it was one of my first ten-baggers. But they are looking interesting again. The stated asset value per share at the interims was 9p and since then they have acquired two companies with German residential property worth a gross 25 million euros. I have emailed the company asking more information about their net asset values Jim Mellon is a highly successful investor and I imagine he will want to do something interesting with SYG. Ivor |
Posted at 17/3/2008 09:40 by redrenault2 Slapdash .. re the fees pay peanuts get monkeys ..yes they are toppy but are they suppose to do it for love !! they have money all lined up to make acquisitions - but when the price is right. they are doing what any logical investor would do .. why buy a property for 1.2 mil this month when there is no comp in the mkt and you can get a better investment a month later even cheaper !yes, short term eps will be hit but longer term it makes sense. The contracts side is still doing well and the retirement homes sounds very interesting. Either way the share price is bloody cheap. Would I buy ?? Well there is still income being generated from existing funds .. but lets wait for the figs on the 19th (macau) & 21st (SDIC) then review. |
Posted at 29/11/2007 15:35 by jeffian I wouldn't go that far, Bylow, but minority investors in companies where a person/group controls more than 50% need to understand that they are pretty much at the whim of the majority shareholder regardless of any regulatory controls supposed to protect their interests. I suffered in CBS, which was taken private for a song by its majority-shareholdinRegards, Ian |
Posted at 29/11/2007 09:13 by redrenault2 Guys .. get real .. yes we are shareholders but seeing as the institutional investors seem more than happy with the mgmnt and the strategy unfortunately .. suck it up.. taking 35% of the profits and being issued stock .. why not they work their nuts off whilst you havent got the balls or knowledge to run a business like SYG, so why shouldnt they get paid.. Yes issuing the note at 432 was stupid , yes the pay seems toppy but when you actually look at other companies renumeration if they worked at an investment house they would get far more and have less risk writing notes on balfour beatty !! so average and go for the ride.... or go buy some water company .. oh yes sorry the germans bought those and took a few hundred mil of our gov't invested money !! or Baa .. oh damn the spanish are raping that one now !!! or even Stagecoach / Aviva .. very nice handouts from old Ken !! |
Posted at 28/11/2007 10:28 by slapdash this whole company is based on greed... massive hedge fund fees for buying a few buildings somewhere in Germany... that seemd ok as long as shareholders got the rewards but the management appear so greedy they are taking the reweards for themselves....these kind of actions are shambolic and I think will lead to a slow decline of the company... would you buy these shares now knowing what you do?? I thought not so they are screwed and I think activist investors might just chuck out the present management.. Slap |
Posted at 27/11/2007 10:08 by nickcduk Slapdash - You have to differentiate between the fund manager and SYG. The investors in the funds don't really care what goes on at SYG. In the prospectus investors were promised a 6% yield and a chance to invest in German residential property. They have not been misled and will have realised this was a long term play. It will probably come good over the medium term.New fund launches are not really on the horizon at the moment but if they could offer an angle that fund managers want exposure to then I don't see why they wouldn't come back to SYG. Obviously if they have a track record of launching funds that do badly they are unlikely to get further mandates. A bit early to comment on that though. |
Posted at 01/11/2007 10:14 by triktrak ...from Speymill Deutsche Immobilien, rather than SYG. It's encouraging to read the company's upbeat forecast for residential property prices during the next few years. It seems prices have slumped so low that the majority of properties acquired "are at a significant discount to replacement cost" and that "over time, there is the potential to post significant NAV growth if German residential values converge with replacement cost." And whilst "non-core owners including corporations and local municipalities, as well as early opportunity fund investors, are liquidating their holdings creating significant acquisition opportunities", other investors are moving into the market: "a new class of large local German investors appears to be targeting the potential of their home residential market and making significant investments." |
Posted at 18/5/2007 09:38 by lbo Looks like property returns in Germany are not that good. See article belowInvestors in Germany may have to wait a little longer A wide variety of property investors have been pinning their hopes on a rapid German recovery, but it looks like they may have to wait a while for dividends INVESTORS who are hoping to make a quick buck from a recovery in the German property market may be disappointed as it looks like they will have a wait on their hands. Nevertheless faster growth is being seen in some segments of the market. A new German house price index shows that in the first three months of this year prices dipped 3%. This suggests that the recovery reported in 2006 may be running out of steam. The authoritative Investment Property Databank had earlier reported that 2006 saw the residential sector become the strongest segment of the German property market for the first time in 10 years. |
Posted at 05/7/2006 02:05 by lbo Astute investors hit German property market-------------------- 5th June 2006 | BACK SEND TO A FRIEND PRINT With the German economy showing continued signs of recovery, property investors are reportedly snapping up properties in anticipation of a potential boom in the years to come. Already, employment levels are showing distinct signs of improvement in Germany. The Labour Officer revealed last week that the seasonally adjusted jobless rate in the country fell from 11.3 per cent to 11 per cent in April, while most analysts had expected it to remain static. "The development on the labour market in May was pleasing," Labour Office chief Frank-Juergen Weise said. "Unemployment declined surprisingly strongly, demand for workers rose once again and job cuts continued to slow," he added. All of this is of course pleasing for the state of the economy in Germany but it is also likely to impact upon the state of the country's property market. Property investment in Germany has not been particularly rewarding for some time, but a report in the Observer indicates that this is beginning to change. In comparison to its near neighbours, property prices in Germany were still disappointing last year and the European Housing Review 2006 showed that it was the only country surveyed where house prices actually dropped. Inevitably, many astute investors have merely used this as an opportunity to begin or expand property portfolios in the country. "About two-and-a-half years ago really clever people started to buy. I call this the pre-stage, where foreign investors from the UK, Holland and the US sent runners into the German market," said Ilya Spitalnik of German Property Investors. Mr Spitalnik told the Observer that he can see a parallel between the current German market and the British property market in the early 1990s, with private investors renovating properties and selling them on. The ingenuity of the current investors in Germany, he claims, is that they are buying several apartments before renting them out. By opting for this buy-to-let strategy they are able to bring in a decent income with a view to selling the properties after house prices inevitably rise again in the future. The report admits that talk of a German property boom is of course premature, but suggests that the advent of real estate investment trusts (REITs) could prove extremely beneficial to the market as a whole. JPMorgan Asset Management has also been predicting advances in the German economy today, highlighting the huge financial potential that could be realised. "The average German company now has room to spend. Furthermore, one can imagine the pent-up demand among consumers: with the German household savings ratio standing at 10.7 per cent of disposable income (one of the highest levels globally), and with consumer indebtedness being lower than in many developed economies, domestic spending could accelerate as savings are unlocked," said Ajay Gambhir, manager of the JPMorgan Europe Dynamic fund. Berlin is likely to be at the epicentre of growth in the German property market and investors are already taking a keen interest in property in the city. While it may be a while before house prices soar, investors are certainly optimistic that this will indeed happen. And with the World Cup kicking off next week, there is no doubt that the spotlight is going to be on Germany now for some time. |
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