Spaceandpeople Share Discussion Threads

[topvest] 23/4/2018 19:36

I can see this possibly being the subject of a takeover bid at some point. It would make a good private equity target given the strong cash flow. Management would also be able to participate no doubt, whilst cashing in their holdings.

[jaykaytee] 23/4/2018 16:42

Just had a sneaky top up.
I expect these to be well over 40p in the next few months...imo.

[cerrito] 03/4/2018 14:24

topvest, after all the setbacks of recent years I can understand their caution on dividend policy and to avoid having to cut it again
Too bad AGM in Glasgow and it is not practical for Me to go there and appreciate input from anyone who can make it

[topvest] 31/3/2018 14:42

What's odd is that their dividend forecast for this year of 1.6p is very cautious. They have repaid their bank borrowings, so could pay a bigger dividend next year. Otherwise, I'm a hold rather than a buyer. Simply don't want to double-up on what has been a losing share for me.

[topvest] 29/3/2018 21:15

Yes, it does seem a bit of a bargain at £6m. Its not a bad company, and generates very good cash flow. Could be a bid target at this level.

[cerrito] 29/3/2018 21:12

A_L_S
I am rather mystified why the price is so low for the reasons you mentioned and am hoping to make the AGM- I have held off and on for 7/8 years and have yet to make one

I recognize that people will be put off by small marcap, wide spread, inability to date to make s real go of it in Germany and that France did not hsppen and declining retail footfall in UK.

FWIW,I see that Equity Development have a very small decrease in profits this year

[arthur_lame_stocks] 29/3/2018 18:44

I've just been taking another look at these as I made some money on them last time they slumped. P/E of 6, div yield 5% balance sheet ok although they have exagerrated net cash somewhat as net current assets are only about £1m.

The board seem reasonably confident that this year will be ok although that could all change I suppose. I don't know if this has just been marked down as it's retail related but if they can carry on making these sort of profits and paying a 5% yield they don't look a bad buy to me.

What do others think?

[1fox1] 29/3/2018 15:24

Have I got this right. Ex dividend date is 12/04/2018 Dividend payment 1.5p?

[eastbourne1982] 26/3/2018 23:04

You have to wonder if they are considering a management buyout.

If they took this out for 10 million and continue to turn things around it could look a pretty cheap deal in 2 to 3 years.

[topvest] 26/3/2018 20:52

That discount rate is definitely too low. Doesn't really matter though. At the end of the day its making a reasonable return. If they can grow the business its worth a lot more than the current share price. They are an innovative team so happy to hold for now and collect the dividend. Hopefully, more progress and less mishaps to come!

[eastbourne1982] 26/3/2018 19:12

Strip out the cash and this is valued at less than 4 million, seems ridiculous given the turnaround and the healthy profit, this could easily be valued at 10 million and it wouldn't look expensive.

It's a waiting game.

[cerrito] 26/3/2018 17:37

I see that the discount rate they use for goodwill impairment calculation is a very low 3% and one wonders what impairment they would have if they were to have a more realistic discount rate...a question for the AGM

[cerrito] 26/3/2018 13:54

Today’s figures good reading although quite a lot anticipated in the Jan 15 trading update which may explain the share price fall this morning.
That said, I was expecting H2’s net cash operating inflow to have been higher than £0.4m as we had been told that £0.7m was not disbursed before year end. We also need to recognize that net revenue in H2 was £5.2m compared to the £8.3m and £7.8m in H2 2014 and H2 2015 respectively,
Dividend cost of £300k easily coverable and was pleased to see that in UK promotional, traditional shopping centres are less than half total revenue.
Have no interest in selling but may wait to see if I can make the AGM before buying.

[ntv] 26/3/2018 10:38

and down it goes on little comment

[robbothered] 21/3/2018 09:03

Not sure how this can be viewed as "good news"? Clearly Germany has not gone to plan, they have a reduced portfolio and by losing any MIG's is a clear sign that they have not performed to date. After eight years of working with ECE they are unable to attain profitability and a 12 month extension suggests being in the "last chance saloon"!

[topvest] 20/3/2018 21:17

Thanks. Main question for me is what are their plans to return to sustainable growth as they seem to have gone ex-growth?

[25october1969] 20/3/2018 19:49

Results on Monday, I am meeting company later in the week, happy to ask questions you might want asked.

[cerrito] 20/3/2018 18:45

I received it fine at 8.31, NTV and yes topvest did warrant a modest uptick.

[ntv] 20/3/2018 18:35

bought some more today but spread is a bit large

[ntv] 20/3/2018 18:35

it didn't show as RNS on my monitor list today
i have other similar problems with news not showing up
becoming a tadge annoying

[topvest] 20/3/2018 18:08

Good news. Surprised that no increase in the share price.

[25october1969] 20/3/2018 17:20

Only just seen this despite it being issued at 7am this morning ON RNS-Reach



RNS Reach Story
Go to market news section View chart Print
SpaceandPeople PLC - SAL
German Contract Extension
Released 07:32 20-Mar-2018

RNS Number : 2485I
SpaceandPeople PLC
20 March 2018


SpaceandPeople plc

("SpaceandPeople" or the "Group")

German Contract Extension

SpaceandPeople plc (AIM:SAL) is pleased to announce that it has extended its agreement with GB Immobilien G.m.b.H. for the provision of Retail Merchandising Units ("RMUs") in ECE managed shopping centres in Germany (the "Agreement").

The Agreement has been extended for a further 12 months until 31 January 2019. The number of centres included in the extension period is fewer than in the previous period, however, this is in line with our expectations.

Matthew Bending, Group CEO of SpaceandPeople said: "This is our eighth year of working with ECE as a provider of RMUs in Germany. The agreement extension enables profitable trading without large minimum guarantees. We have removed all the RMUs that have not traded profitably in the past and although only a one-year extension, it allows our new product and service time to be taken up by ECE and other landlords providing a flexible version of our service and scope to grow.

"Retail Profile GmbH has rebranded in Germany as PoPRetail.de and has created a fresh and vibrant image in the German pop up shop market. PoPRetail.de is the largest player in this market and as part of this new approach to our offer, we are looking to grow "Just in Time" RMUs which are only utilised at peak retail times. We will appraise the market as this initiative rolls out."

Ends

Contact details:

SpaceandPeople Plc


0845 241 8215

Matthew Bending, Gregor Dunlay





Cantor Fitzgerald Europe


020 7894 7000

David Foreman, Will Goode (Corporate Finance)



Alexander Pollen (Sales)

[ntv] 07/3/2018 14:34

spread is savage here
does put me off buying too many

[chrisb1103] 21/2/2018 18:22

Says it all for me, so why are we still at 34p ish??
Maybe concerns about FY18 PBT forecast? I wonder if it's underpromise/overdeliver?

Eastbourne198215 Jan '18 - 08:41 - 913 of 926

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.

[topvest] 19/2/2018 10:37

Yes, climbing more ladders than sliding down snakes at the moment. Encouraging news today. Do we know when the German contract announcement is due?