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SYG Speymill

0.325
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Speymill LSE:SYG London Ordinary Share IM00B1ZBDN89 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.325 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Speymill Share Discussion Threads

Showing 976 to 1000 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
20/11/2007
14:30
It does look good value, were it not for our current NRK crisis which continues to send jitters through the Market and particularly financial property related stocks.

I'd love to top-up at this level, but don't feel quite brave enough, given the recent strong down trend.

spaceparallax
20/11/2007
13:48
Even more of a bargain at this level. Problem is it could well fall lower and you get gready in waiting for a lower price to add. Chartwise 80p provides a basis for a floor. Longterm I am expecting a multiple of the current share price
bugs22
16/11/2007
13:58
Re dividend - my mistake, thought it was the SYG. Apologies. Have bought a small extra slice at .89 . I think that's a bargain.
arp2
15/11/2007
17:15
4323

The divi for .70 euros is for the investment comany Speymill Deutsche Immobilien Company plc listed on AIM: SDIC; SDCC.

mymillie
15/11/2007
16:06
Dividend declared on 1st November .70 euros look on the latest Speymill news and headlines
4323
15/11/2007
15:55
To my knowledge, no dividend announcement has been made. Lewis Charles in their note from September certainly anticipate one, "the potential for further fund launches as well as capacity for return of cash to shareholders through a dividend payment this year presents a more attractive opportunity to buy. We maintain our Buy recommendation." (They have a 132p valuation on SG.)

The decline in the sp, imo, is due to the lack of buyers. Volumes are dire and without buyers, the share price will drift. I believe a lot of small cap stocks are suffering from the same lack of interest.

triktrak
15/11/2007
11:48
"boredom - incredibly low volumes. Lots of people have been hoping for news of new fund launches. Perhaps there is a view that the credit crunch is likely to impact or at least delay the launch of new funds?"

Spot on imo - no doubt in my mind that SYG had expected to have announced new funds by now but have only announced a joint venture for retirement villages (which could be huge eventually). Lewis Charles last note had a target of 130p based on current funds so plenty of upside anyway. If SYG hit their targets for 2009 the eps should be 20p puting SYG on a prospective PE of under 5!

"Now that the company is declaring dividends again"

Must admit completely missed this - when was it announced and how much is it? I know some of SYG's funds have declared dividends but not SYG themselves.

irkin
15/11/2007
10:40
Agreed, plenty of upside, but this time we too appear to be dragged down by general Market sentiment.
spaceparallax
14/11/2007
13:44
Plenty of upside.
Shame SYG isn't taking part in the market rally

password
14/11/2007
10:35
£1.30 ish
short1
14/11/2007
10:07
boredom - incredibly low volumes. Lots of people have been hoping for news of new fund launches. Perhaps there is a view that the credit crunch is likely to impact or at least delay the launch of new funds? Personally I don't think the share price is likely to fall too much further. Now that the company is declaring dividends again there are some fundamentals which support the price. What is the present target price, according to Charles Lewis Securities?
arp2
12/11/2007
16:01
Any views on the current share fall?
short1
12/11/2007
15:51
Not looking too good.
spaceparallax
01/11/2007
10:14
...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."

triktrak
01/11/2007
08:23
a very decent set of results..
tsmith2
19/10/2007
14:19
worth picking up stock here ... they will have to raise more dosh for the Macau side as they are fully invested .. goss that the head guy of Macau was in London a few weeks ago... new fund more mgmnt / perf fees for SYG ..
redrenault2
19/10/2007
10:18
I think they had a 5 year management agreement so there is little chance of the fund being liquidated this early. I had expected the shares to drift because of a lack of news. Not sure how much further it might go lower but Ive added a few this morning at 91p.
nickcduk
19/10/2007
09:55
Looks like a topping up opportunity
shanksaj
18/10/2007
13:50
jeffian - funds can be liquidated by vote I think..... slapper
slapdash
18/10/2007
13:47
Yes, but remember that SYG are the Fund/Property Managers, so their basic income stream is guaranteed even if the 'performance' element gets knocked.

Regards, Ian

jeffian
18/10/2007
13:30
this chart says what investors think of German property at the moment...

ticker DTR company Dawnay Day Treveria PLC...

This German property boom idea was always a concept that might never happen...

Slapper

slapdash
09/10/2007
08:49
According to the FT, Goldman Sachs has put German property portfolios worth €3bn up for sale. The article signals that international property investors are exiting Germany. The upward trend in German property could be in reverse. Just in time for Eddie's entry.

Three billion euros are flowing out. A unique opportunity for Eddie to sink innocent Irish punters' small savings into Berlin and Dusseldorf. He should not have much difficulty finding German homes for his money. They will all be empty.

So Germany has peaked. Sixty per cent of Brendan Investments is heading for a home vacated by Goldman Sachs.

lbo
28/9/2007
16:18
Shock drop in German retail sales
Friday, 28 September 2007 08:59

Official figures show that German retail sales posted a surprise drop of 1.4% in August compared with July. There was an annual drop of 2.2%.

Analysts had expected retail sales to edge 0.3% higher in the month. The figures backed up a survey published on Tuesday by the Ifo research institute that showed business sentiment among retailers falling sharply.

Meanwhile, separate figures showed that the French economy grew 0.3% in the second quarter, unchanged from an earlier provisional estimate. The growth rate, in line with expectations, slowed from a rise of 0.6% in the first quarter.

lbo
27/9/2007
15:07
triktrak----->Could you forward the document to me please;
short1
27/9/2007
14:48
The reason for Lewis Charles revising their eps forecasts is that they seemed to have underestimated how much admin costs would total this year. Previously they'd estimated FY costs would be £6.3m but that figure has now been revised upwards to £8.6m. This means eps for 2007 will be approx. 7.7p, growing more than 100% next year to 17.1 and a further large leap to 22.2p the year after. This doesn't factor in any new funds that may be launched.

Lewis Charles says, "We note that current assets under management total $2.1bn. Even ignoring any new fund launches expected in the future (not included in our forecasts), this is anticipated to rise to $3.5bn in 2008 once the current portfolios are fully leveraged and invested."

"Based on our current forecasts, Speymill Group trades on adjusted 2007E and 2008E PER multiples of 14.6x and 6.6x respectively."

"Speymill has built a unique operating platform and as such there are few companies that we can identify that come anywhere close enough in order to make useful comparisons. On the fund management side we can make rough comparisons to companies such as Raven Mount, Braemar Group and Invista Retail Estate Management although due to lack of available forecasts and/or negative earnings we are unable to take reliable comparisons. For construction and project management comparables we have considered Ashley House, Inspace and Interior Services Group. These companies are more established and with reliable forecasts available are trading on average 2007E and 2008E PER multiples of 12.3x and 11.1x."

"We believe Speymill deserves to trade on a higher 2008 multiple."

On its DCF model, Lewis Charles says SYG yields a current valuation of 132p per share.
-----------------------

imo, If SYG achieves anything like those earnings over the next year or two, the share price will be considerably higher than it is now.

triktrak
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older

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