Spaceandpeople Share Discussion Threads

[topvest] 18/6/2015 21:17

Yes, good news. Things appear to be steadily looking up here.

[bsharman3] 18/6/2015 10:10

you got your good new this morning Masureguy! Let's hope for more to come.

[masurenguy] 18/5/2015 12:43

It's very quiet here. Over the past month less than 220,000 shares have been traded, which represents an average share volume of circa 11,000 per day. There is unlikely to be much in the way of price movement until it is driven by news.

[thebantamboy] 12/5/2015 12:10

I used one the kiosks and liked it, its the way they need to go and lovely high margin. I hope for a good recovery in this share over the next 6 months as performance improves.

[paulypilot] 25/4/2015 17:27

Management have learned from the mistakes last year, and changed their whole basis of forecasting. They now forecast only on existing contracts, and don't factor in any growth from new contract wins. This should mean that the company under-promises & over-delivers, hopefully.

It's going to take time for investor confidence to return here, but the company is now back on the right track, in my opinion.

So the in line trading update yesterday was pleasing.

Regards, Paul.

[topvest] 24/4/2015 19:09

Good solid update today. Seem to have resorted to less hype and more factual trading updates now after the bad experience of last year. All looks very encouraging if they are being cautious with their announcements.

[cerrito] 24/4/2015 15:19

Had been meaning to go to AGM but had to go to quack so missed it and would appreciate comments of anyone who made it.

[topvest] 07/4/2015 18:59

Yes I would agree. Be nice to hear of some contract wins as well as it has been quiet on that front, but flags increased opportunities this year.

[masurenguy] 07/4/2015 14:35

The recovery mode seems to have clearly reasserted itself since the fall on the results announcement two weeks ago. I don't think that response had any real significance since the trading volume on that day was less than 300K or circa 1.5% of the shares in issue. Absent any other unexpected bad news I would expect to see the shareprice back into three figures over the next 12 months.

[topvest] 30/3/2015 18:36

Yes, good comments by Paul. Fully agree that the big drop on the day of the results was difficult to understand. Things look well set for 2015. Hopefully they will have a contract win to announce at some point as well which will help sentiment.

[graham1ty] 30/3/2015 13:49

Paul Scott was very positive on Stockopedia over the weekend

[foxking] 30/3/2015 13:01

Interesting Day so far .Anyone know of any breaking news ??

[cerrito] 27/3/2015 14:17

Good to hear presentation of Bending at last Wednesday's do which I could ot make
hxxp://equitydevelopment.co.uk/

[topvest] 23/3/2015 20:11

Both of these are reasonably positive:

Matthew Bending:

"A tough year has brought focus on developing the most profitable aspects of our business, cost cuts, a new board with added dynamism and experience, new products and a realisation if you don't innovate you go backwards. That said we have managed to generate £1 million of normalised profit for the year and the Board will recommend a final dividend of 2p per share at the forthcoming AGM. The management and Board feel we have a sustainable and profitable route to growth and we are driven to improve profits in 2015."

"There are four key drivers of growth in the core areas of our business: gaining additional venues, selling more activity to each venue, driving higher prices to promoters and occupiers and achieving a higher commission rate for our services. Of these four key drivers, the one that can have the biggest impact is gaining additional venues and in 2014 there were no significant portfolios up for tender or renewal. The 2015 pipeline is potentially much stronger and we are working hard to ensure that we are in a position to win as many new contracts as possible whilst continuing to increase the number of promotions and retailers we place into venues and improve the quality and pricing overall."

[topvest] 23/3/2015 19:08

No Stockopedia report I'm afraid. Think he was off for a long weekend now I think about it. I'm very surprised by the drop today. Think it was probably triggered by those hoping for a more positive outlook. They have been guarded for good reason in my view given what happened this time last year three or four weeks later. I will study further in due course when the accounts arrive, but I think this is good value at this price. As I said above, this group is very nimble and entrepreneurial. New ideas are coming forward and it's pretty impressive that 2 of their embryonic businesses are already profitable. Of course their stumbles in a number of their divisions are a concern, but small businesses do stumble on their growth path. I'm still of the view that these are stumbles rather than falls and am realistically hopeful that we should see a recovery within 12-18 months to double the existing share price and dividend.

[gostevie63] 23/3/2015 14:10

Of course! How silly of me. Many thanks TMFMayn & madmix for putting me right.

Kind regards,

Gostevie

[madmix] 23/3/2015 14:07

Gostevie63,

The answer is simple. 3rd April is Good Friday. 6th April is Easter Monday.

Therefore the next working day is used as the record date - 7th April.

[tmfmayn] 23/3/2015 14:06

Gostevie -- I think it is due to the Easter bank holidays.

[gostevie63] 23/3/2015 13:38

Apologies for what may be a stupid question. Page 12 of the new Report states:

"The Directors recommend a dividend of £390k being 2.00p per share, which will be payable on 27 April 2015 to all shareholders on the share register as at 7 April 2015"

7th April is a Tuesday. I was under the impression that these days company shares nearly always have a record date of Friday (not Tuesday) with the ex-dividend date being the preceding Thursday.

Is SAL an exception or am I missing something?

[tsmith2] 23/3/2015 12:11

topvest

anything out?

[topvest] 23/3/2015 10:01

Be interesting what Stockopedia say at 11.

[topvest] 23/3/2015 09:56

With respect you are continually negative on this company. My points, to get some balance:
- It's paid a good dividend year in year out.
- It repaid in full it's term loan facility and has a £500k bank facility.
- It has £2m of cash at the year end, albeit the year end position is probably better than ongoing monthly position.
- It has over £1m of fixed assets.
- It doesn't need a large working capital buffer to run the business - that is good and is reflective of a good business as all surplus capital is paid out in dividends.
- It's on a 5% dividend yield.
- It's got some innovative products and ideas which will lead to growth; S&P+, the mobile kiosk initiative etc.
- The business model is cash generative as customers pay in advance for an element of their revenue; c£1m of deferred income.
- It's on a forward P/E of about 10 which is cheap if it grows again as it could easily overshoot on recovery.

[winsome147] 23/3/2015 09:49

Not sure how you arrive at a target price of 20p. That would imply a bad business with bad debts. This business has a history of good growth (hit by a bad 6 months in 2014) and it has no debts and generates cash. In fact plenty of cash on balance sheet. 50p to 70p is more likely fair value until the interims and evidence of more growth. I'd rate it a HOLD of now.

[envirovision] 23/3/2015 09:30

.... or perhaps it will.