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Share Name Share Symbol Market Type Share ISIN Share Description
Spaceandpeople Plc LSE:SAL London Ordinary Share GB00B058DS79 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -4.17% 11.50 11.00 12.00 12.00 11.50 12.00 66,547 08:22:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 2.8 -3.6 -17.2 - 2

Spaceandpeople Share Discussion Threads

Showing 626 to 649 of 1250 messages
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DateSubjectAuthorDiscuss
11/9/2014
07:41
Well again I disagree really - £8m market cap for something that is well capable of making a £2m profit in 2015 or 2016. This year it's likely going to make anything between £0.5m and £1m. Even if you assume £1m is the new normal, it's cheap. Of course, if things deteriorate even further then it's not cheap. I may add more if this goes much lower as I have confidence in management's abilities given they have built this company from scratch which is no mean achievement.
topvest
11/9/2014
07:29
Whether now a buy or sell very much dependent on one's view of management capability and probably more important the forward trend in customer uptake (or lack of it) of the pitches available. With increased pressure on marketing budgets potentially a negative trend. A very wide range of forward p/e possibilities from a high of 15 on a FRS3 basis in a worst case situation (based on figures in the trading statement to a low of 8 on a normalised basis if all the upside is achieved. Looks very fully valued to me at 40p given the high degree of uncertainty.
pugugly
11/9/2014
07:27
The other encouraging point are that at £16m of sales they are still achieving sales growth, so it's hardly the end of the world. Think this will recover in 2015 personally, but I would say that!
topvest
11/9/2014
07:25
I'm not sure that is correct - they have repaid their bank loans in full from the acquisition a few year's back. They have a healthy cash balance and a revolving credit facility of £2m, with £1.25m drawn. They are normally quite cash generative in H2 - with reduced capex and little tax to pay on this year's reduced profit their cash position is reasonably healthy and they can well afford a small dividend. Remember that the directors don't get a bonus and rely on the dividend as part of their reward. A 50% cut in the dividend was what I had already assumed and think it is sensible to keep investors on board until 2015 when hopefully things will start to improve. The main thing about SpaceandPeople is the entrepeneurial sales culture - that is still present and it's nice to see that they haven't lost their touch on new contracts or developing new businesses. If you look at the "Other" column that has now turned profitable which will remove the drag on earnings in 2015.
topvest
11/9/2014
07:09
Maintaining the dividend looks daft. The main narrative conveniently seeks to take credit for reducing the short term debt whilst ignoring new exposure to nearly x3 long term element DYOR
staverly
11/9/2014
07:09
Painful, however this has been playing out nicely on the charts and on 1/9 I posted that it was likely this would hit the 38-40p area so no surprise really.
bigdazzler
11/9/2014
06:56
Looks like the overhang was a blessing in disguise for some!
stocktrawler
11/9/2014
06:55
Well I'm encouraged by the results actually as we all know they are having a bad year. Another profit warning was on the cards. The German slow-down is probably the most concerning. However, they have issued some pretty comprehensive comments today which look well thought through. Also, there were at least some contract wins, a new non executive appointment, clear comments on cash position and dividend. I think everyone expected another warning for this year to be honest and it was pretty much in the price. A 2p dividend looks sensible. S&P+ looks like its doing well. Their results are H2 loaded, but it looks like they have tried to give a more realistic expectation. On balance, I'm encouraged more than dis-heartened. Clearly we are going to be in the 40-60p range for a while though.
topvest
11/9/2014
06:17
Interim results and also a trading statement out today. The trading update is essentially another profits warning with downwards revision of forecasts following deterioration of current trading. I still like the business but it’s had a very rough last 6 months and things look to me as if they will get worse before they get any better. Shame, I hope they make it but for today we could see sub 40p IMO.
hatter2
04/9/2014
19:31
Couldn't agree more Paul. I keep looking at the valuation thinking that's a crazily low price for a business that is essentially a 'fallen angel' and should recover well. But, like you, I just can't bring myself to buy more with HH continually selling into the market and not 'walking up' the share price at all... Any idea when interims are due?
cycle2
04/9/2014
18:10
God, isn't this painful! I'm glad the information blackout is ending shortly with interim results due imminently. I'd like to buy more here, but with the HH holding meaning that 10% of the company is an overhang, and with no information on how the company is performing, how can I buy? PP.
paulypilot
04/9/2014
14:29
HH still selling down - rns today.
pugugly
03/9/2014
14:48
UK investor:> Thanks. A significant shareholding as at 18th June 2014 Gresham House plc 2,062,500 Hargreave Hale Limited 1,992,837 I wonder how low a price they woud accept ? With HH also apparenently said to be selling down this could be soggy for some time UNLESS a significnt turnaround in trading .. (imo) I think I will lower my alert and go back to watching .
pugugly
02/9/2014
14:34
Which is a strong argument for always reading the accounts yourself not trusting 3rd party info. It doesn't take long and should materially improve your decision making.
dangersimpson2
02/9/2014
14:13
ADVFN are showing Gross Gearing (excl. Intangibles)at 79.83%.
envirovision
02/9/2014
14:07
the placing comment refers to Gresham House, who have a holding in SAL - "the only material quoted investment in the Group's portfolio" - and who are considering the future of the group including raising cash, the pricing of which would be affected by the said holding in SAL. Details can be found on the internet.
ukinvestor220
02/9/2014
08:09
topvest:- Have I missed something -? First I heard about a propsoed placing. Could you please amplify or give details as to where to find the details ? Thanks in advance.
pugugly
01/9/2014
16:59
The Annual Report at Dec 2013 shows a healthy net assets position. Be nice to have an update from the company however, as the share price decline is a bit worrying.
chrisha100
01/9/2014
16:28
Sernb have you not looked at financials, have you looked at anything or am I on the wrong board then?
envirovision
01/9/2014
13:52
The ability to wipe out half their profit in the first three months meant that I never trusted their revised forecasts ( or actually their ability to forecast at all). April was portrayed a perfect storm, all things going wrong at once. At the AGM shareholders urged them to keep the Market updated regularly and there was along conversation with Nancy and Gregor pointing out that, if they did not give a midway trading statement, the Market would be left blind for six long months. They appeared to agree but have subsequently ignored shareholders. So none of us have a clue. IMHO all the risk is on the downside and I dread the upcoming figures......
graham1ty
01/9/2014
13:01
Very close to that 50p support zone so would expect some buys to come through on anticipation of a bounce, short term. However on viewing of my long term chart the drop from the 150's to the 58p which then bounced to 82pence soon after looks like a deadcat bounce. The deadcat bounce was curtailed by the 50day moving average and it has fallen in price ever since and most importantly brokedown past the 58p to make new lows. Clearly all of the above is very bearish and I'm now in favour of a return to all time lows of 38-40p which is another large drop of over 20%. I use a long term 12 RSI monthly to determine bottoms and this is still not at an oversold point so I am happy this has still got further to go to the downside.
bigdazzler
01/9/2014
12:20
What debt, envirovision? Sure you have the right thread?
seernb
01/9/2014
12:18
mostly intangibles and goodwill, debt in spades. Can't afford to go bust as seniors will get shafted, that's not going to happen imo. Shareholders putting up a brave fight here but the fate of loosing ownership as creditors take the steps to secure themselves correctly over time seems inevitable. Everything is always interlinked.
envirovision
26/8/2014
12:31
I can see this falling back to resistance at 50pence now. Nothing jumps out on the chart and says buy me at this stage. I'm sure there will be a change of direction towards the long side at some stage so watching and waiting time for me.
bigdazzler
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