Spaceandpeople Share Discussion Threads

[robbothered] 23/10/2019 09:41

no idea oldhand

[oldhand] 23/10/2019 07:09

Who is David Newton, the buyer of 670k shares?

[oldhand] 23/10/2019 07:09

Who is David Newton, the buyer of 670k shares?

[cerrito] 21/10/2019 10:56

25October1969
There may be many with small holdings who like me have decided to sell out over the last fortnight...could not understand why the price has been so stable and that RNS explains it.

[25october1969] 21/10/2019 09:29

I wonder where the 670,000 shares came from, can not see any large trades going through

[pugugly] 21/10/2019 09:27

David Newton buying in - Declared holding - Usually a wise old bird - Could - just might be the turning point -

[robbothered] 14/10/2019 14:51

Topvest, your support of SAL is bewildering. Yes retail is tough, when is it never! That doesn't get away from the fact that there are many opportunities out there that SAL should be exploiting but are not.

Let me give you an example, during "good times" it is sometimes difficult to get some commercialisation ideas past owners - after all the additional say £1m you can add to their bottom line is chicken feed and they often do not wish to explore.

Now times are tough, landlords/ managing agents/ retailers are all looking for additional income sources and this is the time when SAL should be exploiting the market. IMO they're not because they are not very good at what they do.

Just received notification that their credit score has been marked down due to the possibility of a loss.

[topvest] 09/10/2019 21:05

They need an online offering then. They sell retail space effectively "space and people". That market is shrinking, not growing!

[1ax] 08/10/2019 22:15

Intu are a supplier of retail space, SpaceandPeople are a provider of space for brands to interact with footfall, like any media platform, TV, posters, online etc. this market is buoyant and they should be doing better, much better.
Their decline has been ongoing for longer than the decline in retail. Poor management, it is not just cream which floats!

[topvest] 08/10/2019 19:48

They are a media company working in retail shopping. Retail shopping is in serious decline. Just look at the share price of Intu!

[1ax] 08/10/2019 17:59

Topvest, they are not a retailer, they are a media company and lots of them are performing well and have done over the last few years. Brand Experience is the buzzword for marketing currently and they should be performing well just in this area, venues need the experiences to drive footfall so I see this as an open goal, unfortunately they do not have any strikers capable to put the ball in! As for good management, poor management will only get you poor results.

[topvest] 08/10/2019 17:33

Respectfully I disagree. Name me one company listed on the LSE that has done well in retail shopping over the last few years? Revenue is dropping by 5% per annum on the high street. It doesn’t matter how good management are, they are struggling to beat a disappearing market. Next up will be a recession.

[1ax] 08/10/2019 10:53

Totally agree robbothered, this is not a technology issue but one of ability and quite frankly there appears to be very little of this on the board. The share price will be in single digits by the end of the year and that is not acceptable.

They appear to be losing marketshare to rivals or venue centric models and are not adapting. You cannot keep cutting costs, at some point you have to increase revenues, the same statements keep appearing in the news feeds so there is no new ideas, revenue streams etc.

Time for a buyout or a change of directors as the alternative is death by a thousand cuts for a business which had a dominant market position 4 years ago and revenues to reflect this.

Only holding the shares to offset a tax. Not really a compelling reason to buy!

[topvest] 07/10/2019 18:10

This was a nice company 5 years ago. Unfortunately, they are being hit by technological obsolescence. It’s a well run company with good management, but that doesn’t help much when you are fighting technological obsolescence of shopping centres. They will need to reinvent themselves.

[1ax] 07/10/2019 13:54

We have heard it all before. The perfect definition of insanity this stock is. Unless a very clever play to take it back private, there needs to be a change and investment. Not cost cutting, again!

[dangersimpson2] 07/10/2019 12:34

At the current price, SAL represents just 0.7% of assets for GHS. If they sold their stake they would probably get even less for it. I expect this has gone into the bottom drawer and little management time is wasted on it.

This is a subscale business that had the potential to grow at one point, but it seems that the market for physical promotion just isn't there in any scale. I expect they will de-list at some point and remain a private business that will simply plod along, generate ok returns in the good years and not much in the bad years.

[cerrito] 05/10/2019 22:25

I think people who were more decisive than me and who sold out first thing Tuesday morning probably made a better decision than mine of generally faffing around. The results and indeed the forecast could have been worse and Germany encouraging-although of course we have had our false dawns there.
Two preoccupations. One is what will Gresham House do? For me good that over the last years we have said goodbye to Hargreave Hale without too much of an adverse impact here. I do not see any major external shareholder come in here with a notifiable stake.
The second is why is this with its marcap of about £2.2m even listed? It is not even for the options of the directors which are so far out of the money, except those granted on October 2.
PS Checked that the remuneration of the execs while generous was in no way obscene

[topvest] 30/9/2019 20:24

Yes, another average year but below expectation. Looks better for FY20, but I get the feeling we have been here before. I suspect they will maintain the 0.5p dividend if they make a small profit as planned, and things still look good for next year. No point selling really with the share price already on the floor. Whether they can come up with something new remains a big question. Probably not, but you never know!

[robbothered] 30/9/2019 11:13

Another set of bang average results with more promises of jam in the future. If this is what the market value S&P currently then I can't see the share price increasing to previous levels as for me they are continuing with their existing approach. They also don't make many friends in the market place and due to their model they engage more with the larger experiential model - one that is very susceptible to a market downturn.

I'm sure that if they had the money then the directors would want to take this share private.

[robbothered] 09/8/2019 12:04

Joe, don't get your first point at all, nothing about either Nancy or Matthew retiring and having a listing should make no difference.

The problem with SAL is their reputation - they are known for their arrogance and they are burning bridges as they go along losing accounts. For sure they have some of the biggest contracts, British Land and Network Rail and they can do fulfilment but if they lose one or more of their big clients then things will unravel. To have a market cap of £2.73m is appalling and they as executive directors have done a lousy job

[kangaroo joe] 09/8/2019 10:53

The costs of running a public company must be massively disproportionate for the size of business this is, but if they want to exit at some point due to retirement etc then a listing should enable an orderly exit assuming the key man/woman risk is mitigated.

Biggest threat I reckon has to be expansion and 'eye off ball' plus overseas risks not properly managed. Going for growth is great but they have always mucked it up in the past. Slow organic growth in the market you know is surely better?

[robbothered] 07/8/2019 16:25

There is a concern that after getting some senior exec salaries off their books SAL directors are now going to be looking to pick up on the cheap and taking it back private - can't see many shareholders making much money out of this if they do. Views?

[25october1969] 09/7/2019 14:42

Would be encouraging to see Finance Director buying some shares, only has 10,000......watch this space!?!?!?!?

[robbothered] 05/7/2019 09:14

Exercising their option to buy I expect, got them at a good price...for them :(