Spaceandpeople Share Discussion Threads

[compound_dave] 24/5/2014 00:14

I'm in for the titride here. Love trying to pick a bottom. Think I picked it at 61p but you never know.

[cycle2] 23/5/2014 21:54

Paul,
Thanks for that insight - just what I was looking for and your past experience with watching HH's moves is very valuable. Really appreciate you having taken the time to set that out.

[paulypilot] 23/5/2014 18:49

Hi cycle2,

There has been a 170,000 Offer at 72p for quite a while now, on the Level 2 order book. That's probably Hargreave Hale, in my opinion.

So they're not slamming the price down at all, they're too smart for that. They're just waiting for the price to get back to 72p, and at that level their stock will gradually be bought, and one imagines they will then reload with more stock to sell, probably at a slightly higher price.

I've seen them "walk the price up" when they are selling lines of stock, they're very smart people, I used them as my main broker for about 6 years.

I suspect HH probably want to exit in full, as they cleared an overhang, and then got whacked by a profit warning, so in their shoes I'd be feeling pretty bruised too.

In the long run none of this will matter. Overhangs sometimes take a few weeks or months to clear, who cares? It's the newsflow & the figures that will determine the long term share price.

If there's no more bad news, and the next results/trading statement are more encouraging, then I would imagine we'll be gradually working our way back up to about 100p per share.

If there's more bad news, then we might well lurch down to 50p. We'll just have to wait and see.

As management have big personal shareholdings, I'm sure they are working their socks off to get things back on track. Also bear in mind that the profit warning was that profits were halving roughly. So it's still decently profitable, in a niche pretty much to itself, and has a very good long term track record.

so I think there's still everything to play for here, but have no idea how things will pan out. You just do your research thoroughly, take your stake & then hope for the best really, same with all small caps!

Have a good long weekend all.

Regards, Paul.

[cycle2] 22/5/2014 18:26

As expected, nothing back from HH apart from keeping things close to their chest. However, looks likely to me that they're still looking to sell some of their stake in SAL... so current rise may be short lived, perhaps?

[mortimer7] 22/5/2014 16:23

A few buys today & Sp has ticked up a couple of pence. Bit of a deterent though with the spread of 61/66p for an online quote.

[cycle2] 21/5/2014 16:53

Have emailed HH to ask about their plans for selling their holding. Not confident of a reply but thought it was worth asking! I'll post anything I hear back here...

[mg1982] 21/5/2014 10:11

cycle - give HH a call.

I doubt if they will sell out completely.

[cycle2] 21/5/2014 08:52

Does anyone know whether Hargreave Hale are dumping all their stock (in which case there's a long way to go yet...) or are just reducing their stake. I'm looking to get in here but if HH are still planning on selling 12% of the company I wonder if the share price might continue to fall?

[she-ra] 19/5/2014 13:37

Hi, I looked at these about 6 months ago and read something about regulation. I cant remember what it was about. Could someone tell me about regulation and could it be a problem for Space and People.

This looks like a pretty solid company. Is there any reason why regulation now or in the future could negatively impact this company? And which country is this regulation in?

Thanks in advance.

[bsharman3] 19/5/2014 12:00

I would like to see some large director buys here to show that they have confidence in the strategy going forward.

[compound_dave] 16/5/2014 17:40

OK. I'm in today. Just read the board and love all the negative sentiment here. Here's to hoping 60p is a fair long term price.

GLA

[paulypilot] 16/5/2014 16:49

Hi 1fox1,

Blimey, that's a first for advfn!

Very much appreciated, and very decent of you, thanks.
I have also now amended my replies accordingly.

Regards, Paul.

[1fox1] 16/5/2014 16:37

Hello Paul. Yes you're right. I have now withdrawn my comments. Sincere apologies:o)

[paulypilot] 16/5/2014 16:10

Hi Dan,

(sorry for off topic)

I rate Simon Thompson highly, as he does good, detailed research. However, I think he's irresponsible tipping Chinese stocks, because many of them are thinly disguised frauds, and the inevitable outcome is likely to be De-Listings, which will cost investors dearly when they happen. He's totally oblivious to the enormous specific country risk.


Looking at SAL, they had a setback for a variety of reasons, but does that really justify slamming the stock down to just 60p? I don't think so, hence have been loading up with lots more of them. The company is saying it will still be profitable, even giving us specific figures on that - £1.5m profit for this year, and £2.0 to £2.5m profit forecast by the company itself for 2015.

Although I think the company's credibility has been greatly dented by the recent profit warning, so perhaps investors want to see improved trading before risking a purchase? Also Hargreave Hale exiting is causing an overhang, so the price will just drift down until buyers outnumber sellers.

My view is that the market cap of just £12m at 60p is a bargain, if you take a long term view. The previous 5 years showed excellent performance. Profit warnings happen with small caps from time to time. Everyone goes mega-bearish for a while, then the company and the share price recover.

At this level the forecast divi yield is nearly 6%, even on a reduced dividend. The company has paid out large divis in the past, so no reason to doubt that their intention will be to pay good divis in the future.

You either give up in disgust, or you buy the negative sentiment and hopefully benefit in the long run from a much reduced average buy in price. Everyone does their own research & makes up their own mind.

Regards, Paul.

[dan_the_epic] 16/5/2014 15:58

Paul is BETTER than MOST, MOST of the time but not the BEST

PAUL, Have you noticed that SIMON THOMPSON of the IC keeps RETIPPING his bargain shares because they are performing badly? CAMK, NBU, BMY to name a few

He KEEPS tipping and tipping and tipping and tipping to support the share prices of his basket case picks. its the ONLY reason why he has such a good record. He should NOT be allowed to retip his 2014 picks during the year. If he WAS NOT ALLOWED, then his performance would be VERY VERY AVERAGE

Dodgy tipster.

[zoolook] 16/5/2014 11:46

Wow. Investors have really lost faith here.

[pugugly] 13/5/2014 09:36

Anyone know if a SELL tip been issued today - Falling steeply - brokers spread widened - bid now down to 62p . Looks as though no chart support above 50p

Fundaments ?????????/

[envirovision] 06/5/2014 09:32

we clearly have opposing views

[topvest] 02/5/2014 08:02

envirovision - are you short on this stock...otherwise, why make the comments you are? This is a good little company, that has had a set-back. Your comments are way over the top, if you don't mind me saying.

[envirovision] 02/5/2014 00:37

Well the shares have halved in value at what point do you call interesting, another halving from here I.e. 35p ? Or another halving after another half? Or even delisting and zero ? Just what point will it be interesting to you sir, pray tell all?

[ccraig69] 01/5/2014 20:48

At some point it will be very interesting.