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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
  0.00 0.0% 9.50 9.00 10.00 9.50 9.50 9.50 0.00 08:00:00
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 1001 to 1025 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
14/9/2018
09:16
The reasons to do a share buyback, are: My understanding is that there is a constant overhang of shares in the market ie sellers who are unable to sell in volume, this depresses the price Based on fundamentals it can be argued that at the moment the shares are cheap. The reason they are cheap is the overhang and the lack of confidence the market has in the company. The lack of confidence due to passing on the dividend in 2017, this is not quickly forgotten. However if the company management are confident in the current and future performance of the company, they will know that the shares are currently cheap and to buy now at current prices wil increase eps ie fewer shares in issue and growing profits
25october1969
11/9/2018
22:34
Ok, do you think receivables 60 days + past due are highly likely to be unrecoverable? How much they would actually get in a buyback may be limited but assuming the broker/RNS costs are not excessive on really small amounts then it would be a good use of capital. Maybe they do have capital investments with an IRR higher than 33% then they should pursue these but if not buying their own business on an adjusted EV/EBITDA of 3 and a known risk profile makes sense. If the worst case is the share price moves up rapidly to an average market rating and they get no shares in the buyback then you won't see any complaints from me.
dangersimpson2
11/9/2018
19:39
My mistake - that'll teach me to recollect off the top of my head! Had actually meant to exclude receivables 60 days+ past due, so c. £650k but clearly that's not zero :0) Surely they wouldn't do a share buyback; the shares are thinly enough traded as it is and surely the better use of capital would be to try and diversify the business further? Revenue base still pretty small and so some customer concentration in there
pireric
11/9/2018
12:17
Net cash minus net working capital isn't quite zero but £900k. This is still 16% of the market cap so not insignificant but agree not as significant as the £2.2m might look on the surface. If the business is flat or growing there should be no problem with negative NWC but I expect them to hold a reasonable amount of cash to protect against any short-term weakness that may cause working capital outflow. We should get interim results before the end of the month. Assuming they have continued to generate strong operating cash flow I would like to see them use some of the excess capital to buyback shares. One of the reasons that the company is so lowly rated is that it is a small niche player and it's not clear if they could scale up their business any further. Buying back shares at an EV/EBITDA of 3 (EV adjusted for £900k net cash instead of £2.2m) in a stable business generates shareholder value even without any growth prospects.
dangersimpson2
11/9/2018
10:46
Finances flattered by the trade payables position. Net cash essentially goes to zero when you match the two and so is a bit of a red herring
pireric
11/9/2018
07:42
Recently took a position here, seems to be have solid finances, good business and industry, and way too cheap. Have I missed something?
oriental oracle
03/9/2018
16:04
Anyone. What's level2 looking like on these? How many mm's trade this. Thx
tole
03/9/2018
14:40
Just bought 1k .. ...here's hoping to good results this month!
jaykaytee
08/8/2018
18:37
some fairly big trades here today
ntv
20/7/2018
12:30
They've always had low or negative NWC. The nature of the business must mean they often get cash in from customers before they have to pay it out to venues & suppliers. This means that in a relatively stable business environment they should be able to use the cash for dividends or buybacks. However if if a negative NWC business has issues and volumes drop you see negative cash flow from WC that can cause issues. This is one of the reasons that short term trading can cause problems for retailers like Debenhams even if their net debt is small compared to their usual FCF. It has been the net cash that has allowed SAL to trade through a weak patch without solvency issues. For this reason I think they would like to retain at least some of the cash buffer. I therefore think it is unlikely we will see it used for a large number of buybacks or a special dividend. However I do expect the ordinary dividend to continue to increase if they trade adequately in the future. Given that this is already a 5% historic dividend at the current price this looks good value even without a large one-off cash return.
dangersimpson2
20/7/2018
07:56
ALS is correct you have to add trade receivables and cash together £3,367,000 and £2,661,000 respectively that makes £6,028,000 strip out monies owned in this case trades payables and negative tax number you get £5.074,000m plus a deferred tax liability leaving £91,000 you get £5,165,000 i have it as nett caah after all liabilities as £863,000 but others probably have a different way of putting the figures together to me they have £863,000 intangibles is where i find the problem in accounts i normally strip them out to get to a better valuation i struggle with complicated balance sheets as i have no training even those who have been trained still can have the wool pulled over their eyes so just carry on with what i know and i know cashflow and total nett reduction are important as well
ntv
20/7/2018
07:42
Arthur. Thanks for pointing this reason for not getting carried away. This reminds me, Also the company pointed out that the end-17 £2.6m cash position was flattered by £700,000 by the timing of payments to clients - although I think this should not have any effect on NCA.
jane deer
19/7/2018
20:50
And most of the net assets were intangibles.
arthur_lame_stocks
19/7/2018
20:50
Yes but net current assets were just £1m. That is if they paid off everything they had to in the next year they would have £1m in cash left, not £2.7m so what they are claiming as net cash is misleading.
arthur_lame_stocks
19/7/2018
20:20
Thanks Arthur. With regards to the balance sheet the last results showed net cash of 2.7 million and no borrowings with these having been repaid. Net cash flow was 2.4 million. Net assets were 10.25 million. Current market cap is just over 6 million.
eastbourne1982
19/7/2018
19:23
Hi Eastbourne No I mean net current assets
arthur_lame_stocks
19/7/2018
16:58
Arthur, Regarding NCA ?? do you mean net cash available ?
eastbourne1982
18/7/2018
06:56
I would be careful Jane about overstating the cash position, remember NCA was only about £1m so although the balance sheet is pretty healthy, it's not quite as good as you state. It might not be a bad idea though to buy back a few shares if the outlook for the next few years is reasonable.
arthur_lame_stocks
17/7/2018
22:38
25Oct exactly. With 40% of the market cap being cash on the balance sheet at end17, and with cash presumably being geneared in 2018 (even after the div), I really can’t understand why the company does not press the buy-back button.
jane deer
17/7/2018
11:56
I met with CEO after results came out, he gave nothing away but was positive about both the UK and German businesses. He is certainly committed to the business via his large shareholding and as far as I am aware he has never sold any of his shares. It would have been useful if the announcement had some "meat on the bone" eg did forecasts for the year assume M&G would be renewed or is this extra revenue? Update of progress on Germany would also be welcome, assuming that there is something to say. And finally, it would be good to see some activity on the share buy back program, i can not recall what the buy back criteria was, but on the basis that if SAL deliver, share price can only go in one direction therefore, now is the time to start buying back, why wait?
25october1969
17/7/2018
11:39
It would have been good if they could have made some comments on current trading as we have had nothing since the prelims at the end of March and that was not very clear in terms of expectations for the year. Digital Look has the forecast for this year's revenue at £10.1m ie essentially flat from last year and pretax to go down from £1.15 m to £1.04m. I see that they issue the Interims in the last week of September so we need to be patient. I topped up in March and have all I need for the moment but have no inclination at all to sell. Ps I found myself on their German website which was better than I had expected but had no new news since September last year which suggests it is not kept up to date
cerrito
17/7/2018
08:44
news not flagged up on my monitor list but rest of news items for other companies are not the first time this has happened for this stock
ntv
17/7/2018
08:35
Will be interesting to see what the cash position is at the next results as this looks ridiculously undervalued.
eastbourne1982
17/7/2018
08:00
Interesting goods news RNS Good news in that contract renewed for 5 years. Interesting that they are struggling to find their identity. The company is referred to by 6 different names in a short RNS and one of them "Group" is not actually used in the RNS Some mornings you just wake up feeling pedantic.......still good news though SpaceandPeople PLC SpaceandPeople plc ("SpaceandPeople" or the "Group") AIM:SAL) Space and People SpaceandPeople PLC Renewal of Contract 17/07/2018 7:00am RNS Non-Regulatory TIDMSAL SpaceandPeople PLC 17 July 2018 SpaceandPeople plc ("SpaceandPeople" or the "Group") Renewal of Contract SpaceandPeople has renewed its exclusive contract with M&G Real Estate for experiential marketing, mobile promotions kiosks and pop-up retailing opportunities across its wholly-owned portfolio of shopping centres SpaceandPeople plc (AIM:SAL) is delighted to have extended its exclusive contract to manage the promotional and retail space across M&G Real Estate's wholly-owned portfolio of shopping centres for a further five years. M&G Real Estate's portfolio of shopping centres includes The Galleries Washington, Cwmbran Centre, The Friary Guildford, Ayr Central, Culver Square Colchester, Fremlin Walk Maidstone, Brunswick Centre Scarborough and Gracechurch Centre Sutton Coldfield. Matthew Bending, Space and People CEO, said: "I am delighted that M&G Real Estate, one of our longest standing partners, has chosen to renew its agreement with us for a further five years. We look forward to successfully growing our relationship with them even further during this period." For further information, contact:
25october1969
16/7/2018
19:53
There's so little interest in this company, the last one I had a bit like this was AIEA and they did nothing for ages whilst I collected a pretty good dividend then suddenly shot up. I can see that it might be tainted by the retail industry's woes but AFIAK retail is now less than half their business.
arthur_lame_stocks
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