Secured Property Develop... Share Price (SPD)

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Share Name Share Symbol Market Type Share ISIN Share Description
Secured Property Developments plc AQSE:SPD Aquis Stock Exchange Ordinary Share GB0007921363
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 18.50 0.00 06:56:02
Bid Price Offer Price High Price Low Price Open Price
17.00 20.00 18.50 18.50 18.50
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 18.50 GBX
The directors' current policy continues to be one of property investment and development within the commercial property market.

The directors are actively seeking investment and development opportunities whilst continuing to review the existing portfolio.

Secured Property Develop... (SPD) Latest News

Secured Property Develop... News

Date Time Source Headline
23/9/202215:00UKREGSecured Property Developments Plc Final Results
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Posted at 14/8/2019 15:06 by pj0077
"A bit of second level thinking. Mike Ashley is either stupid or rather devious. The number of own goals over the last few months, has led to a very low share price. Let's list a few: numerous deals, late results, spurious tax liability, guidance withdrawn for the current year, slagging everyone off, HoF debacle.
Soon the company will have no auditor and he can blame the accountants for having to delist and take full control of his grubby little empire. He can then get an auditor by some corner shop outfit.
All seems rather convenient to me! Thoughts?"


TOPVEST, like any great conspiracy theory, your suggestion does contain some truths.. but it also contains some inaccuracies & an unfounded conclusion.

If MA wanted a lower share price, why would he keep pushing the share price UP with a daily share buy-back?? Instead, he could start re-issuing the shares held in Treasury which WOULD get the price down.

As for the auditor situation sure, the Listing Rules might lead to a temporary suspension if an auditor cant be found in the next four weeks. But then it would be up to the DTI to appoint an auditor. Then the shares would be un-suspended.

The only way MA can delist is by acquiring 70%+ of the company. Maybe he needs to clear the risk of a potential £605million Belgian liability before doing this.
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Posted at 12/8/2019 11:59 by 1 hugoboss
Tbh the situation looks absolutely dire.Once this buy back period has elapsed and some more info is gleaned about the overall awful trading conditions and performance across the group in general in a shrinking economy coupled with Newcastle Uniteds obvious trials the spd share price looks primed to totally implode.
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Posted at 28/7/2019 20:54 by cautious7
Sleep on this!!


1 =Why did SPD not disclose the massive tax bombshell earlier?

2 =Tesco had a blackhole of about 200 million and look what happened to
her share price and Tesco is/was fundamentally strong at the time unlike
SPD.

3= Why were the results delayed by two weeks?

4 = Several years years of decent profits to reapy this tacx bill and other loses only if the co is making a profit and we all know what is happening in the retail sectro, worrying indeed.

5 = If you was a major supplier to SPD, would you want your money up front is the next big problem

4= Most worrying of all, what else may the company trying to hide?

IMO the shares won't dive as much as expected but will end even lower than tomorrows lows at the end of the week when the city fully wakes up to the
incompetence at SPD and shares may even be suspended for a few hours or days imo

DYOR

Regards

C7

PS -TO ADD INULT TO INJURY THE 600 MILLION PLUS TAX WAS ONLY MENTIONED AT THE VERY BOTTOM OF THE REPORT,
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Posted at 28/7/2019 20:38 by sbb1x
So hof and cycles made a 70 million loss and 605 million fine.Minimum 40 % of the share price tomorrow could even be 50 %The word terminal to cause serious pain over next few days, weeks and months a head. Mike's words about HOF are no very encouraging. Big big mistake The city hate him and going by the #sportsdirect #nufc hash tags on Twitter so many more hate him.He tried to rescue debs so share holders would get something back, I dont think he is such a bad chap.I'm sure there will be quite a few rns in coming days what will see share price bouncing around all over the place.
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Posted at 28/7/2019 15:14 by debsdowner
Useless23

28 Jul '19 - 11:48 - 6468 of 6471
0 0 0
Is SPD owe Belgium 600m and we leave the EU on 31 October, would it not be better for SpD to simply wind up the business there and not pay the bill?

You cannot just wind the business up Sports Direct " The Company" is liable for Belgium tax sales through the company by one way and the other that is why they are landed with a tax bill penalties and interest and bear in mind interest will still accrue up to the day the bill is paid, with the caveat if its indeed determined its legally obliged to pay. At the moment it spears SPD are saying they don't agree with the assessment but there have been cases over here on a different agenda with Sports Stars objecting to tax bills in the UK by placing their money in schemes to avoid tax then being ordered to pay them in the end.

I know the tax demand by the Belgium tax authorities analogy completely different but its a grave matter all the same the company had to warn shareholders of the matter due to the significance of the potential liability.

The fact is the bill is there its demanded, its irrelevant if SPD think they are not liable Belgium authorities think different.

Until it determined SPD don't have to pay the bill, there is a significant liability that cannot be ignored.

In the Express today Nick Bud a retail analyst stated Sports Direct doesn't deserve to be a listed company anymore.
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Posted at 28/7/2019 10:45 by cautious7
Thanks Debsdowner.

About the tax bill and what you said.

Not sure how they work over there but in the uk if there anyhting drastic, the tax people do contact you before landing you with a massive bill.

What holders should be more worried about is what is the next bombshell.

IMO, the share price will give flase dawns and sadly people may try to top up, etc and get seriously caught out. Thankfully I'm not gambling in this atm but looking to make a quick few bob by the yo-yo share price tomorrow and I'm still of the opinion that the share may be suspened for various reasons even if its for a few hours.

DYOR

Regards

C7
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Posted at 27/7/2019 14:09 by debsdowner
A number of posters here know I predicted the demise of Debenhmams and well clued up on retailers shares, so don't disregard my posts. But first to answer this post:

Even if he took it private it is in a mess I any event and the future uncertain.
ignoble
27 Jul '19 - 11:09 - 6401 of 6426
0 0 0
Out of naivety, where might MA get the money to take it private?
Not sure how taking it Private works?

….

There are a number of ways to take a company private you take on the debt and then buy up the shares capital either on your own or with someone else.

The market cap is over £1.2 billion but Ashley already owns about 65% of stock!

So all depends what the share price falls to then multiple the shares he doesn't own and that gives a rough figure.

As an example:

If some on here think the share price would halve then the market cap would be £650 million - 65% = £227.5 million

He could seek a delisting which would force the share price lower and less money to find!

However due to the dire state of the company and not wanting to give the impression I am deliberately de0ramping happen to think that would be an outside chance.

He would need 75% of votes to delist and I also think it would be too risky to go down that route.

At the moment its a difficult call I think the share price will have a considerable fall due in part to press articles over the weekend and Monday morning anything could happen.

I do not think there will be a suspension as he has outlined most the risks but its not a good situation on a number of fronts.
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Posted at 27/7/2019 09:14 by ignoble
All the shares that SPD buys back and hold in Treasury, I assume that as the SPD price weakens over the last months, the value has to be written down to the market price.
This cannot help the Balance Sheet.

Think I read somewhere they have over 100 million shares.

Just my thoughts...
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Posted at 18/7/2019 13:31 by spaceparallax
The Markets are founded upon speculation. The sports goods market is far from secure being based largely upon over-priced, over-hyped discretionary goods, which will continue to come under pressure as the uncertainty of Brexit bites deeper and the high street chains become ever more unsustainable.

Yep, the share price continues to tumble despite almost a million of share buyback - without that take-up, the share price would likely be nearer 2 quid as investor confidence declines with the absence of the latest figures. That decline is likely to continue unabated, in the absence of overdue results, which when they arrive will need to be pretty decent to stem the collapse.

Couldn't happen to a nicer bloke!
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Posted at 16/7/2019 10:47 by debsdowner
rescuer

I think you are right! Latest from BBC business Live:

11:22
Sports Direct 'a cash cow for Mike Ashley'

Today Programme
BBC Radio 4


Sports Direct's share prices have fallen again, adding to yesterday's hammering when the retailer said it would delay publishing its results.
Kathleen Brooks, founder of Minerva Analysis, says that Sports Direct's founder and chief executive, Mike Ashley, has long had "an incredibly difficult relationship with the City of London" which was reflected in Monday's share price fall.
She tells the BBC's Today programme: "Sports Direct had said that profits could be between 5% and 15% higher. However, that excluded all of the acquisitions they've made recently.
"It seems like Sports Direct has generally been a cash cow for Mike Ashley to make these acquisitions [and] become this kind of king or saviour of the high street."
But she says: "However, [Sports Direct] is woefully understaffed to actually deal with these acquisitions which could be one reason why the results have had to be pushed back, potentially by about five weeks."

Comment

May have been a cash cow but its uncertain now how what the situation really is and with a market cap of over a billion its too high risk imo.

Its definitely not a buy and a sell imo.
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