Spaceandpeople Share Discussion Threads

[1ax] 16/10/2020 11:59

There has been a global pandemic! That said the number of Directors are still one too many and costing six figures, but they do have a cheaper, more attractive office. The lack of investment into technology which works (read lots over the years about investments but never seen anything) is dragging them down. During lockdown they should have been investing in this, customer service, the UX. Instead they appear to have dreamt up ideas like "Revive" many have tried, Mary Portas, the Government etc. and failed so what makes them think they can deliver! I would use my share certificate as toilet roll but to print it off would cost more than it is worth. If this was public funded there would be a parliamentary inquiry to investigate how a business went from market dominant to a £1.6MILION LOSS.........

[robbothered] 16/10/2020 09:17

Interims are shocking, Nancy does her best to polish the brown mess but reading between the lines and having an understanding of this industry shows how badly they really are performing and that despite Nancy claiming "The fact that we are not solely focused on one venue type has been crucial in restarting the business" unfortunately these figures show the opposite - they have not diversified and are very vulnerable to bumps in the road. Without "goodwill" they would be an insolvent company

[escapetohome] 12/10/2020 11:01

Thanks for the advice. I didnt dip a toe. Pursueing other ops.

[1ax] 27/9/2020 20:55

escapetohome save the money. CEO going is too little too late. Hung around too long and failure to innovate or build on market leading position has resulted in the last 5 years performance. The industry will bounce back, suspect the Covid loan will be the final straw for them. Rats leaving a sinking ship.

[escapetohome] 27/9/2020 16:03

Had this on my watchlist for years, but never dipped a toe. Im not inclined to either, it could be worth a punt though at this level.

[oldhand] 25/9/2020 09:06

Lightbulb look pretty below average to me. Is no one innovating in this sector anymore?

[robbothered] 25/9/2020 08:32

Trust me S&P will not be the "last man standing" there are other companies in this sector who do a far better job of commercialisation than S&P do. I don't know of many companies, either suppliers, managing agents or landlords who relish working with them. As far as staff look at these two posts hxxps://www.linkedin.com/posts/activity-6714106982992760833-LLS0/ hxxps://www.linkedin.com/feed/update/urn:li:activity:6714119367128363008/

[oldhand] 24/9/2020 07:20

Bending gone will save the company around 150k per annum. Delayed results are never good news. But, this may be a case of last man standing as the plethora of established smaller commercialisation agencies struggle and fall over. Robo which staff have set up rivals?

[robbothered] 23/9/2020 14:16

OK Bending GONE - doesn't appear to be any notice period, just gone with Cullen taking over as CEO. Not sure if this is in response to shareholder pressure or just recognition that he did a bang awful job. Although what change Cullen will bring remains to be seen. Also it looks like there has been a staff cull also, no doubt in recognition of the fact that most of their venues are trading substantially below pre-covid levels. Also the large brands and roadshows that were an S&P speciality have yet to come back in any numbers. Ex staff setting up rival commercialisation companies - don't they have non-competing clauses in their contracts?

[knownowt] 16/7/2020 12:19

The brokership has changed because Cantor Fitzgerald has withdrawn from Corporate Finance. I notice that one of the names on the announcement was on all the previous announcements from Cantors which indicates to me that SAL has moved with its advisor and doesn't presage a placing - but I could be wrong!

[boonkoh] 16/7/2020 10:45

Change of adviser.... Looks like a placing might be on the cards!

[riddlerone] 07/5/2020 20:30

Germany now looks like next week,maybe we will know more about the Uk on Sunday but who knows

[1ax] 07/5/2020 11:47

The issue is when will they open and when they do what measures will be in place? Likewise at train stations, the event spaces could be lost for queues. No one knows. There will bean abundance of empty stores, hopefully lots of new retailers looking for space and if they can see off the letting agents, owners etc it might have some potential. Not convinced and did any of the retailers book space?

[riddlerone] 06/5/2020 18:53

Missed this from late last month Https://www.spaceandpeople.co.uk/revive-launch-to-help-property-and-retailers/ SpaceandPeople, the commercialisation and short-term space specialist, has today announced that it is launching a new product, Revive, aimed at supporting property companies whilst they reopen their venues.

[riddlerone] 02/5/2020 08:42

Will be interesting to see the Uk volume of experiential offerings when rail stations begin to get back to some sort of reasonable footfall.Agree retail is another ball game but lets see when the malls start to reopen. Also would be nice if the directors decided to buy shares on the open market as a sign of confidence.

[robbothered] 01/5/2020 14:26

Share price increased by nearly 50% on the back of the loan, go figure. It's going to be a long, hard slog before people will start using the spaces that they operate in again. Also brands have slashed their marketing budgets and I wouldn't think that they will be in a rush to increase spend on commercialisation. As one of the larger players in this industry and with the £1m loan behind them they may be one of the fortunate ones to survive, I suppose it all depends how flexible the venue owners are with some of the large revenue guarantees that are in place.

[boonkoh] 01/5/2020 11:54

They might now have the liquidity to survive until covid ends, with the £1m loan, but profitability was already elusive pre Covid and that £1m is not a grant, but a loan.

[1ax] 18/3/2020 12:25

robbothered still here and for once this is performing better than some of my other shares, not great that a 12.5% fall is seen as good....... The current situation will pass for the economy it is a question of what businesses are left when this does. The best thing for entire world population is to freeze everything today. Move to a state run system until the pandemic is over and then restart the clock, never thought I would say lets become communists but in the short term it will protect us all. That said poorly run businesses will still be poorly run businesses after the thaw! Stay safe.

[robbothered] 18/3/2020 11:10

Is anybody still out there? So much bad news for this share and I now have no idea as to how low it will go. The environment they work in is incredibly difficult at the moment, as are many others, but it's not core and will be passed over until things return to some form of normality.

[robbothered] 24/2/2020 09:57

Rossco, it won't affect SAL as their MPKs are located in covered shopping centres not retail parks.

[rossco] 22/2/2020 20:47

In the half year results SAL stated that it had 64 MPKs in locations throughout the UK and that the increase was due to the roll-out of MPKs throughout the Hammerson portfolio of shopping centres. This week Hammerson has exchanged unconditional contracts on the sale of a portfolio of seven retail parks to Orion. Wonder how the change in ownership will affect SAL?

[1ax] 14/2/2020 16:42

Is that confidence at 9.5p. 1p growth is 10% return, some of us need to see treble digit growth if not quadruple to get back our loses.

[riddlerone] 14/2/2020 07:38

Lets hope they intend to hold a larger position.

[25october1969] 13/2/2020 16:11

Someone has confidence in SAL New 3.42% interest Robert & Virginia Millington hxxps://constancepam.com/index.php/who-we-are/ I wonder if new Director had anything to do with this?

[1ax] 13/2/2020 13:59

Topvest we should care as this is poor corporate governance. What are the non-execs doing, picking up a nice cheque but not looking after shareholder interests? Raises lots of issues and certainly has changed my investment strategy as I cannot afford many SpaceandPeople's! Robbothered seems to have hit the nail on the head with the shareholding, the board will hold on for dear life to these roles as their record here means they would never get to high office again!