Speymill Share Discussion Threads

[praipus] 12/9/2014 20:34

If you want to see how bad German property can be take a look at TRV too!

[praipus] 12/9/2014 20:33

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.

[jeffian] 03/9/2014 08:36

LOL!

"The Company's AGM will be held on 29 September 2014 at 9.30am at The Claremont Hotel, 18/19 Loch Promenade, Douglas, Isle of Man."

Don't all rush!

[neguss3] 10/1/2014 12:09

First time in a while i see buying here what is going on

[davidosh] 27/6/2013 20:44

Have German property prices really collapsed by 25% in three years or are CBRE not very good at valuations either when Speymill were given them or now they are going elsewhere ??

[geoff80] 27/12/2012 11:50

This could go up strongly given that the share issue is not large.

[mrsapeslaptop] 19/12/2012 10:33

no revenue now the contracts division is gone.
continuing to get stuffed on its interest rate swaps
only still afloat due to private loans.
company unable (or unwilling ) to offload some property, probably as it may be underwater which is why they havent revalued it.

administration within 6 months. extract itself from the interest swaps and mellon will pick up the property portfolio below current valuation.

[mrsapeslaptop] 19/12/2012 10:33

no revenue now the contracts division is gone.
continuing to get stuffed on its interest rate swaps
only still afloat due to private loans.
company unable (or unwilling ) to offload some property, probably as it may be underwater which is why they havent revalued it.

administration within 6 months. extract itself from the interest swaps and mellon will pick up the property portfolio below current valuation.

[the troll] 18/12/2012 18:52

the future, greedfear; imagine a boot forever stamping down upon the net asset value of SYG; those German props. were, supposedly, worth c. 10p per share upon transfer ? & we're down to 1/4p bid ! what the hell's happening.

[greedfear] 10/12/2012 17:00

Administration of Speymill Contracts, wish they had done that earlier. Time to focus on the German real estate. The only reason I bought into this share anyway.

[wexboy] 05/11/2012 14:32

Speymill is actually a German residential property in disguise, but is it attractive? Let's compare:

[greedfear] 28/9/2012 20:23

In short: I don't like the interim accounts. Incompetent Speymill (Contracts) directors, losing almost 2 million on 12 million revenues.

[the troll] 28/9/2012 15:42

re; the revised 'terms' for the Director's loan; heads, Co recovers, Mellon converts & wins; tails it goes bust & pi's lose out. disgraceful.
NO investment case whatsover can be made whilst that loan's outstanding ( IMHO ).

[greedfear] 26/6/2012 18:59

I expected more from Speymill contracts but not a word was lied in the interims: the company (Speymill Contracts) would show a profit and be cash generative. They did. And though it might look that it makes no sense to have contracts of 30 million and costs of almost 30 million that's not entirely true. Because of fixed costs I would not like to think of the loss they wold have showed without these contracts.

I expected more, but they did good enough for me.

I'm mostly in it for the hidden value in the real estate anyway.

[the troll] 26/6/2012 13:08

contracting result disappointing though, given interim 'hype'; take 30m & spend 30m to deliver @ NIL margin, what's the point ? I expected better.
SP likely to remain anchored @ 1.5p for now. ( all IMHO ).

[greedfear] 26/6/2012 09:07

Hi ss. Doing okay, hope you do too. Frankly I expect ECDC and EVO more to become MOS but I think risk/reward is great here too. BOL.

[share_shark] 26/6/2012 08:56

Hi greedfear. Watching this and on my radar. You might come up with another like Mos and this may be it !. Hope you are well ?. :-)

[greedfear] 26/6/2012 08:53

Revenues from German property 1,544 million GBP.
Using currnt german yields value of the property is in the range of 20-25 times revenues.
So we're looking at property values of 31 - 39 million GBP.
Book value 22 million.

Higher value 9 - 17 million, or 15p - 29p per share.

[greedfear] 26/6/2012 08:32

Speymill Contracts making a small profit. Quite an accomplishment given the current economic climate.

[greedfear] 26/6/2012 08:02

Fair set of results.

[greedfear] 22/6/2012 15:49

Next week: wake up call!

[greedfear] 07/6/2012 09:32

You're sure your name shouldn't be Lazy? :)

[sleepy] 07/6/2012 09:24

How many millions is the free float?