Spaceandpeople Share Discussion Threads

[topvest] 16/1/2018 20:40

For me its not worth selling at this price. Has to be worth more than £7M with a clean debt free balance sheet. Will hold and hope for the best. Could be a bid target?

[1fox1] 15/1/2018 14:46

The chart is telling a different story. Big gaps to fill here imo

[cerrito] 15/1/2018 13:19

Agree good news and for me good that they have repaid the bank given the concern some of us have had in the last couple of years of them meeting the covenant.
Only blemish :note following comment in the interims quote We are in negotiation with several UK property companies which we hope will conclude before the end of the year.unquote and too bad no news on that front.
Let’s hope there is before March 26. I am neither buying or selling at current prices:callumross is right to remember the disappointments and some will sell out.

[eastbourne1982] 15/1/2018 12:31

Whilst I see where you are coming from, the business has hopefully learnt a few lessons and is focusing on building a lower cost, higher margin business.

If cash generation continues as it is the share price will be forced higher even if the PE ratio remains relatively low.

The cash position has gone from 400k to nearly 2 million in the space of a year !

There is also scope for pretty hefty special dividends as well.

[callumross] 15/1/2018 12:25

Given the numerous past disappointments with this share, the lumpiness of the earnings and the capacity to lose contracts fairly easily I think a low single figures P/E is always what this share is likely to trade on. So although on paper it appears cheap i suspect that some will view this as an opportunity to move out.

[1fox1] 15/1/2018 11:16

Hmmmmmmm...............I'm always a bit sceptical of people who buy at the lowest ever price. Also those that sell at the highest ever price. If you say so though matey?

[jaykaytee] 15/1/2018 11:10

In profit at last! Held for over 3 yrs, and had a top up at 17p some time back.
Hopefully they can keep this up, and will be re-rated at some point

[1fox1] 15/1/2018 11:02

Just topped up a few more although it's showing has a sell? Just checked. The bid /ask is the same price 37p

[topvest] 15/1/2018 08:57

Excellent news. Recovery at long last. No update on position in Germany yet?

[chrisb1103] 15/1/2018 08:45

Fab U Lous :-) Roll on 26th March and the return of the divi - still a tasty 4% at today's share price :-)

[eastbourne1982] 15/1/2018 08:41

Good update and cash position is fabulous, 1.9 million from 0.4 million a year ago, that is superb cash inflow for a company valued at 7 million.

Profit of 1.2 million, cash of nearly 2 million, dividend probably on the way, these are cheap and should be 30-50% higher.

[chrisb1103] 03/1/2018 13:43

Trading update due this month in line with previous years. They said 4.5p EPS and were still confident at the half-year, so let's see what they have to say. Still holding because that EPS and decent outlook could make the current share price very cheap and there's the prospect of a return to paying a divi this year too :-)

[topvest] 02/1/2018 15:00

Encouraging bounce here. Maybe Christmas trading has gone well?

[eastbourne1982] 25/9/2017 17:13

Regarding resuming dividends, I'd rather they didn't and kept building cash resources, I'd rather see this company with 2 million in the bank and generating good free cash flows, I think this would see a considerable rerate in the valuation, far more than a yield of 3 - 4% would however I appreciate I may be in the minority here as most seem to love a dividend.

[cerrito] 25/9/2017 15:01

Results to me reflect the May Trading statement; good to see the short term RCF paid off early and going back over my notes I see last year this was a cause for concern; for the first time since 2014 operating cash flow in H1 was positive.
In May they expected net profit before tax to be £1.1m and it was £0.2m in H1 so H2 would need to be £0.9m- and they have made comfortably more than that in past H2’s. They expected net cash to be £1.25m and at half year it was £0.8m so that should be achieved.

[topvest] 25/9/2017 12:28

Best update for a while. Germany is an important issue to get resolved next.

[kangaroo joe] 25/9/2017 11:57

Still holding and confident. Fingers crossed. Trading can be difficult with wide spreads so hoping for marked improvement in share price that is sustainable.

[1fox1] 25/9/2017 10:53

Yes. Any good news will see this share jump quite substantially

[eastbourne1982] 25/9/2017 10:34

I thought the results were fine, second half is where the business is done.

Look at the turnaround in the cash position, that is pretty big for a company with a market cap of circa 7 million.

Also if you are waiting for contract news, as soon as any deals are announced the share price will gap up at the open.

[ntv] 25/9/2017 10:14

sold as i thought first half would be better and will await contract news

[qs99] 25/9/2017 07:11

net cash, intention to restart dividends if trading continues along this line, confident of meeting expectations....thoughts? DYOR

[kangaroo joe] 17/8/2017 11:35

Great little business but fragile if things go pear shaped, or they try to over expand too quickly, which may have been issue with the European expansion. They don't have the same good terms access to capital or banking finance that bigger companies have. I therefor tend to agree a merger with a bigger player makes sense.

[eastbourne1982] 17/8/2017 10:39

Wouldn't surprise me if this got taken over, strong balance sheet and low rating makes it look tempting for someone I would imagine.

These should be trading at over 50p imho.

[ntv] 17/8/2017 10:18

what is the news us mere mortal don't know?