Spaceandpeople Share Discussion Threads

[saucepan] 23/3/2012 12:45

Good news RNS. A strange time to issue it at 12 noon.

Results on Monday are going to be interesting.

[glasshalfull] 06/3/2012 06:57

3-weeks to results; Monday 26th March.
I for one appreciated the RNS...it confirmed a pulse (last RNS was September).

;-)

Regards
GHF

[saucepan] 16/2/2012 19:00

Thanks for sharing, GHF.

[glasshalfull] 16/2/2012 18:35

Looks like a decent move...

"..concession to manage experiential and immersive activity campaigns at First Great Western's (FGW) 210 train stations."

This news is underpinned by the following Equity Development update that was released on the 7th Feb & titled;

No news is good news



----

"In the absence of a post-close trading statement, we believe it fair to assume that SpaceandPeople‟;s full year results are therefore likely to be around market expectations.

Publication of the results should then focus market attention on the group‟s growth prospects i.e. roll out of its RMU business in Germany and UK margin improvement following the centralisation of sales.

Our estimated EPS for 2012 is 8.1p putting the stock on a multiple of 7.4x versus 11.8x rating of the agency subsector of the media group. Our target share price remains unchanged at 92p."

----

So, reminder that the shares are on a single digit PER rating and reiteration that Equity Development are forecasting EPS growth of 27% in 2012....and should deliver EPS of 6.4p & a dividend of 2.9p for year ended 31/12/2011 or to put it another way, they currently offer a D/V yield of 4.6%.

They should also have negligible debt at the end of the current financial year (c.£200k from memory).

Cheap as chips if they deliver as forecast and present a positive outlook.

Regards,
GHF

[25october1969] 16/2/2012 10:05

SpaceandPeople and CBS Outdoor UK have announced that they have secured the concession to manage experiential and immersive activity campaigns at First Great Western's (FGW) 210 train stations. SpaceandPeople and CBS Outdoor UK will work in partnership to arrange local and regional brand promotions using the internal and external sites across FGW's station portfolio.

Brands have already started to take advantage of this arrangement including Kraft's Belvita brand, which carried out sampling activity of its breakfast bars to target the busy commuter population.

Yan Huybrechts, Head of Commercial Business Development for First Great Western said: "This innovative partnership between First Great Western and CBS Outdoor UK/SpaceandPeople will offer fully integrated marketing opportunities for advertisers to our 90 million annual passenger footprint which covers a range of premium locations, audience demographics and key sporting, musical and cultural events."

Jason Cotterrell, Country Director at CBS Outdoor UK comments: "We're thrilled to be working with SpaceandPeople on this contract as we look to further develop our experiential offering to clients. First Great Western has 210 stations so it's a great platform for immersive campaigns and activity such as this."

Nancy Cullen, COO of SpaceandPeople, commenting on the new agreement, said: "We are pleased to be working with CBS Outdoor UK and First Great Western. The agreement will bring additional variance and vitality to First Great Western stations and expand our portfolio of venue offerings to existing and new clients."

CBS Outdoor UK and SpaceandPeople will also be working together on Northern Rail, Arriva Trains Wales and Cardiff Airport.

[hannahc] 08/2/2012 09:12

Please click on the link below for access to our latest research report on SpaceandPeople:



Regards,

Equity Development

[hannahc] 08/2/2012 09:12

Please click on the link below for access to our latest research report on SpaceandPeople:



Regards,

Equity Development

[cfro] 31/1/2012 18:28

Once again i apologise if i've mislead anybody.

FWIW my enthusiastic post still stand. The fundamentals look sound imo.

This lack of liquidity is a major issue imo. TBH if IC2 hadnt have sold i never would have 'tested the market' today so perhaps would not have realised how wide the true spread is and probably not have sold.

There is no demand for the sharesor at least doesnt appear to be any, so it just occured to me that arent we all just buying and selling our shares between us few?

How can you ever have hope of selling a decent line apart from if there ever was a takeover or something?

Thats why i decided to leave and atleast im transparent in my buys and sales.

Davydoo - Barclays.

[glasshalfull] 31/1/2012 16:27

Well you made me a chuckle cfro having extolled the virtues of the company on 19th Jan and then a few days ago.

There are numerous illiquid small caps like this and yes, they do require a degree of patience so you are probably correct in leaving the party.

Absolutely nothing has changed since a few of us bought in 3 weeks ago, certainly no change in the fundamentals. I will disagree with your comment about not getting a good price...all to do with supply and demand so if you are intent in selling then you simply require to sell into strength, like pretty much every small cap out there. I'll admit though that SAL is definitely an illiquid beast but that illiquidity works both way and provided I for one the opportunity to buy a decent quantity (excess of 30k) at a price under mid when I would have marked the price up considerably if the book had been neutral.

Anyway, best luck to you but I'm fairly confident (& patient) so happy with my investment here.

Regards
GHF

[davydoo] 31/1/2012 15:59

cfro, may i ask what broker you use? the description of your efforts this morning is the kind of visibility i need on some of my small cap holdings and prospects.

On a wider point, its amazing that in 2012 there isn't a platform for the likes of us to go to, to trade with each other. I'm sure there would've been a buyer at 60p and two happy parties.

[cfro] 31/1/2012 15:38

Yeah, really sorry guys. I gonna have to love ya and leave ya.

I know im going back on my word written Sunday that i was going to stick out any volatillity, so i do apologise for that.

As Ic2 says, i dont think there is anything wrong with the fundamentals its just the illiquidity thats the major problem.

On reflection i decided to ring my broker this morning and asked them to 'find a market'. I wasnt necessarily going to sell today but just wanted to know what the market was like. The bid price this morning was 58p. I was told this afternoon that 58p was no chance and not even 57 or 56p. 55p was the best i would get. So i thought about it for half an hour and rung them back and decided to take the price.

My problem was that like davydoo i had too small a holding here to the size of my portfolio. I wanted to buy more, but there is no chance of ever getting a good price except in a takeover situation or something similar.

Thats why i've sold today and probably doubtfull i will be back. I suppose its wise to never say never, but i will opnly buy back in exceptional circumstances.

As for IC2, i reckon we arelong lost twin brothers! ;-)

[cambium] 31/1/2012 14:55

Still got my 3000 from last year!

[davydoo] 31/1/2012 14:53

At this rate might even get my 3000 back

[glasshalfull] 31/1/2012 14:51

Hope that not your 3k away cfro?
Otherwise I'll assume that you and ic2 are joined at the hip ;-)

At this rate I may get the opportunity to top up.


Regards
GHF

[cfro] 30/1/2012 10:50

No harm in taking a quick small profit, however i feel there is so much more to have here yet.

Being so illiquid these are bound to be volatile, one has to expect that if you are going to invest. Normally its not too difficult to buy but the best way to sell illiquid holdings is by dribbling them out over a period of a few days imo.

Worth pointing out that these were trading at £2.20 in 2007. Yet PBT are likely to be more than four times higher this year than that year.

[interceptor2] 29/1/2012 21:18

Sadly I followed Davydoo last week because these are too illiquid for me, I had to sell at below the bid just to get my small holding away for a small profit. Nothing at all wrong with the company, and I'm sure they will reward holders very well.

Worth noting the NMS is 500.

Regards ic2...

[cfro] 29/1/2012 17:39

Falling back a little over the last few days after a initial rush of blood. Looking back i think the spike in the share price was caused by some of us ADVFN shrewdies buying in. SO a fall back at this stage would be healthy. If it falls a tad more it will be good news fgor me as i will be able to double up my holding, which is what im desperate to do. You never know maybe even investors like davydoo might get a second bite of the cherry.

[mrx9000] 22/1/2012 12:18

I first spotted this on a zulu filter i ran last August. My first impressions were the same as the risks in the pdf from the above post which was

"The main competitive threat to SpaceandPeople is that the shopping centres
themselves may decide to market the mall space independently. This obviously
requires large resources and skill sets. Management, therefore, believe that all
but the largest centres could not contemplate managing this process in house."

However well run company... shame it's very illiquid.

[davydoo] 19/1/2012 20:30

cfro ive no doubt there will be gains ahead, my sale is part of a strategy that has worked well for me the past few years, which is to either build big positions or get in and get out if there are quick gains to be had. I may miss out here, but I have a long list of other opportunities I can add to without the risk of chasing the price up for myself and for others, for which I felt a little uncomfortable doing here, when it had been recommended to me.

I've regularly found these opportunities can come back around, ANP being an interesting example that I see you're also looking at. REDT is another.

I will follow with interest, I love to see how these small entrepreneurial companies perform, and I've certainly gained more learning about this co, and in particular digesting a takeover, than the small profit.

[cfro] 19/1/2012 18:23

Good luck with your decision davydoo, but imo i think you've sold a little too soon. Resistance on the chart is around 75p, another ten pence above where we are. We also have results to look forward to, which should be very good.

The shares are bound to be volatile. They will probably bounce around alot up until results. I still want to try to preferably buy more. So if the share price does come straight back down that will hopefully give me a top-up opportunity.

[glasshalfull] 19/1/2012 16:39

Aha davydoo - I knew that there were 3 investors here that may have cut loose given the holding size. Would have enjoyed your further analysis here and interestingly note that what you experienced here is very similar to my own trouble in building a decent holding in REDT.

Best wishes
GHF

[davydoo] 19/1/2012 14:26

After my comments last night, and realising I was a little late to this party, I was the 3000 seller today, for a very quick 15% gain.

I didn't have the position I wanted, and wasn't likely to get it, so thought I'd move on. My thanks again to GHF and others who bought this to my attention and made the investment case.

I hope I can return the favour soon. Good luck to all remaining holders, this appears a cracking little company.

[interceptor2] 19/1/2012 12:07

It doesn't look like the MMs are that keen on selling stock at this time with a spread of 14% or 60p to 70p. Hopefully they fine a source of stock to bring the spread to a more sensible.

Still mustn't complain with such a good rise, but I would like to top up at some point.

ic2...