Spaceandpeople Share Discussion Threads

[painter] 24/1/2014 13:14

25October1969 I appreciate your interpretation of the TU. The numbers in today's TU brought up my first red light about growth here (anyone can buy it). The director selling the second so I've sold for now.

Best I could get was 131 could not sell online with Selftrade out with a small profit. Trade not show
GLA

[topvest] 24/1/2014 12:52

Yes, seems odd to me. Oh well, trading update positive anyway. Nice little business this one!

[el1te] 24/1/2014 09:46

I have seen NED trades very shortly before results in the past, and upon contacting the company they verified that the practice was permitted as long as they followed stringent rules.

Might be worth contacting SAL to query it?

El1te

[25october1969] 24/1/2014 09:44

Disagree El1te - I am a non executive director, standard policy that all trades by all directors have to be approved by the Board in advance and approval would not be given to make a trade the day before price sensitive information is released to the market.

I agree no harm done in this instance, but that is not the point.

[el1te] 24/1/2014 09:37

To be fair it's a Non-Executive Director, and they really don't have a huge amount to do on an everyday basis.

No doubt the trade would have been checked through by the company, ensuring it was allowed, before completing. If it was an executive director, it would be another story

El1te

(Don't hold any shares here)

[25october1969] 24/1/2014 09:27

WTF....how can a director sell the day before a trading statement?????????? He must have known the content, as it should be approved by the Board before release??????

Somebody needs their balls squeezed!

RNS
SpaceandPeople (AIM:SAL) the retail, promotional and brand experience specialist, has been notified that Maurice Helfgott, non-executive director of SpaceandPeople, has sold 85,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at an average price of GBP1.325 per Ordinary Share on 23 January 2014. Following this transaction, Mr Helfgott has an interest in 40,000 Ordinary Shares representing approximately 0.2 per cent of the Company's total issued share capital

[25october1969] 24/1/2014 08:55

painter - you point is valid...to a certain extent. Gross revenues are, in simple terms, the total revenues collected from advertisers, the bulk of which is passed to the shopping mall owners, Sal are the middlemen. The net revenues are the "commission" retained by Sal from the revenues collected. They are not a trader so cost of goods sold not really an appropriate description to use

A number of new deals during the year, possibly on not so generous terms as in the past, but need to see final accounts for analysis.

I agree that generating an extra 6.7m of revenues for mall owners to make 0.7m may not be the best deal when last year net revenues as % of gross revenues was 43.5% but as I say, need to see Accounts

Also there is a promotion business and a retail business and I do not recall if split of net revenues compared with gross revenues is shown in Accounts so the mix may have changed as might the UK/ German split of gross

[painter] 24/1/2014 08:41

MG1982.

It would be clear if they had quoted net income (net income = net revenue - expenses). Net revenue is simply gross revenue - cost of goods sold. Wish there was a set standard for Trade Updates.

I to like the story here too and will continue to hold.
GLA

[battlebus2] 24/1/2014 08:12

MM'S want 140 for 1k :))

[mg1982] 24/1/2014 08:10

Painter - they answer your question clearly - the reason being "as the Company continued to expand its client base whilst delivering increased sales to its existing clients both in the UK and Germany."

Paul has written a positive piece on his blog. This is a long term hold for me to tuck away.

[painter] 24/1/2014 07:59

Not a fan of companies reporting 'net revenue' isn't normally very useful, but in this case it shows that cost of goods / services sold has increased dramatically! I wonder why?

[battlebus2] 24/1/2014 07:07

Reads very well to me!!

Pre Close Trading Update

SpaceandPeople is pleased to announce the following update on trading during its financial year ended 31 December 2013. The Company's final results will be announced on 24 March 2014.

Gross revenue for the year increased to GBP36.8 million (2012: GBP30.1 million) and net revenue increased to GBP13.8 million (2012: GBP13.1 million) as the Company continued to expand its client base whilst delivering increased sales to its existing clients both in the UK and Germany.

Pre-tax profit for the year is anticipated to be in line with current market expectations.

Cash flow was again positive during 2013 with net cash being GBP1.9 million at the end of the year compared with GBP834k at the end of 2012.

During 2013 the Company has continued to make good progress and has gained a number of significant and iconic clients including St Pancras International, One New Change, The Garden Centre Group and Corio GmbH. These clients, together with our existing portfolio and our determination to win additional business place the Company in an excellent position to continue its growth going forwards.

[tom111] 16/1/2014 16:47

Yes I think we have bottomed out and on the way up past 1.45

[battlebus2] 16/1/2014 11:08

Continuing the run up to the update :))

[tom111] 14/1/2014 18:50

nice trickle of buyers today

[battlebus2] 12/1/2014 17:54

Yep sorry yes in around that date.

[battlebus2] 12/1/2014 16:44

Pre close trading update to come on the 25th.

[tom111] 12/1/2014 15:40

Well the chart is still in tact I wouldn't be surprised to see the next leg up shortly

[tom111] 03/1/2014 16:46

looks as if a few stop loses knocked out,i liked the look of the recovery this afternoon

[tom111] 23/12/2013 13:37

Hope history is repeated looking at the chart from 2007

[tom111] 22/12/2013 11:09

Am I right topwest to assume Gresham house are realising their assets and will be selling their holding

[topvest] 22/12/2013 10:37

Yes, agreed. It's not really on people's radar as yet. Always seems too tightly held. This will change at some point and that will lead to a re-rating. Gresham House holding needs a resolution as well.

[paulypilot] 21/12/2013 22:11

Hi,

Good announcement. Confirms what we already know - a very good niche company, excellent management & staff, just getting on with the job of developing the business.

We should continue to see steady share price appreciation, and decent divis. A very good very long term hold in my opinion!

Regards, Paul.

[tom111] 21/12/2013 12:11

Sorry EBB but u have something to look forwatd to