Speymill Share Discussion Threads

[greedfear] 07/6/2012 08:53

LOL first place on LSE gainers list.

[greedfear] 01/6/2012 14:29

Interim results 30-6: .

"I can also confirm that with the orders already received by Speymill Contracts, we would expect the turnover for the year to be in the region of £30 million. We expect that this very positive upturn will not only result in a return to profitability but ensure a positive cash generation by this company for the Group."

So we can expect results 2011 to be positive.

Further it's nice that revenues from German residential property for first half 2011 were 0.7 million. That would make 1.4 million for the year.
Currently yields for German residential property start as low as 3.8%.
Lets take 4-5%. The value of the property would then be: 20-25 times 1.4 million, that makes 28 - 35 million.

The value according to 30-6 results is 24 million.

That's NICE! Property could have a higher value of 4 - 11 million.

That doesn't sound that much, until you take into account that there are only 58 million shares issued.

Because that would add 7 - 19p to the NAV.

The NAV was 6p (30/6).

So the NAV could be 13 - 25 p for which you currently pay 1.2 p.

Wanted to add 100k, but could only get 50k @1.2p online.
The offer is still 1.2p though???

(I know, I know, I should take a possible conversion into account, but that would make a too long story. NAV would become approx 10-16p then [still very much undervalued])

[greedfear] 30/5/2012 10:33

Well that makes sense: changing a loan valued at 1.26 million GBP into 1.49 million hard cash.
Adding 0.4p to NAV and what do you get as a reward?

[envirovision] 27/5/2012 19:22

I doubt very much he has the faintest clue what's going on here himself troll.

Spivish I know, but spiv is as spiv does.

[the troll] 25/5/2012 18:48

I'm tempted on fundamentals but won't buy unless Mellon breaks this deafening silence of his & explains to fellow-shareholders ( including me ) what is happening at SDIC, ( Bloomberg article of 16/5/2012 tells me absolutely nothing ). a brief summary on SDIC's website please ?

[greedfear] 25/5/2012 16:22

Thank you, whoever it was! Added today. Only 58 million shares and a NAV of 7p.

[greedfear] 24/5/2012 09:52

Someone thinks it's going to be a short year lol.

Todays news is a good deal for SYG as it adds to NAV as book value of the loan was lower and... Money in the bank.

[greedfear] 30/12/2011 17:18

Happy New Year fellow shareholders!

[greedfear] 23/12/2011 17:19

Merry Christmas fellow shareholders!

[neguss3] 22/6/2011 15:34

Someone paying the full price for them yesterday and today paying 4p a share

[sleepy] 23/5/2011 09:40

Not surprising. Market cap shown as 1.9 million at top of thread.

[5harold] 23/5/2011 09:14

Cannot buy in any quantity.

[neguss3] 20/5/2011 12:36

looks like this is heading north

[jimlad] 17/5/2011 11:15

Is this bying ahead of results. speculation or is there a leak.
Jimlad

[envirovision] 10/5/2011 10:51

Seems a bit of trading volume of late, any reason ?

[ivor hunch] 04/2/2011 19:13

Essentially a shell company. Will JM transform it into something else? Don't hold now but keeping an eye on possible activity.
Ivor

[w1ndjammer] 26/1/2011 07:59

Bob Mac gone , also jim gave the old man the boot,
looks like a big fall out.

WJ.

[the troll] 07/12/2010 13:24

buy this & recover your losses on SDIC ? !!

[someuwin] 07/12/2010 09:21

I think this should soon recover to the level seen at the start of the year - around 14p.

[someuwin] 06/12/2010 21:12

Monday's Stock Market report from UK-Analyst:

"...Property services business Speymill (SYG) expects to post an improvement in like-for-like profitability in 2011 driven by its improved financial position, a pick-up in operating activities and the implementation of efficiency enhancing measures. In a trading update, the company revealed that it negotiated a reduced interest rate on the loan facility from 12% to 9% on the back of its improved financial position. Furthermore, it also announced that further progress has been made at Speymill Contracts, its 100% owned Huntington-based construction business, with an increase in committed projects. Speymill shares moved forward by 3.38p to 6.88p."

[someuwin] 06/12/2010 16:44

"Speymill shares up 90%

Property investment business, Speymill was a strong mover today and shares pushed ahead by more than 90% after delivering an upbeat trading statement.

The Group says that its 100%-owned subsidiary, Speymill Contracts has a forward order book of £18m going into 2011, a significant increase in the committed order book of £3m at the start of 2010. Furthermore that this order book should continue to grow throughout next year.

With its German assets, Speymill says that it is examining ways to maximise cash-flow from these assets and continues to be optimistic about the overall outlook for the German residential property sector.

The full year results for the year to 30 June 2010 are expected to show a substantial increase in profits and the Group adds that it is aiming to achieve an improvement in like-for-like profitability (excluding exceptional and one off items) in 2011.

At the same time, major shareholders Jim Mellon and Bob Macdonald have agreed to reduce the rate of interest on the loan facility provided to the company from 12% to 9%.

The mid-market share price was marked up 3.38p to 6.88p - a gain of 96.4% on the day."

Story provided by StockMarketWire.com

[strollingmolby] 06/12/2010 15:16

Yes, Berlin house prices rising, as are the temparatures of some landlords it would appear...