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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spectrum | LSE:SIN | London | Ordinary Share | GB00B07BZ552 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.00 | GBX |
Spectrum Interactive (SIN) Share Charts1 Year Spectrum Interactive Chart |
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1 Month Spectrum Interactive Chart |
Intraday Spectrum Interactive Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/8/2012 | 17:05 | Spectrum High Risk/High Reward ? 3m mkt cap. | 505 |
| 22/1/2010 | 17:35 | small stocks with potentially large returns | 25 |
| 17/11/2007 | 07:03 | SIN with Charts & News | 164 |
| 30/3/2007 | 16:54 | Eps for 2006/7 f/c @ 6p share price 28.5p & tech growth too | 304 |
| 13/10/2006 | 09:59 | Eps for 2006/7 f/c @ 6p share price 34p & tech growth too | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 27/5/2010 14:39 by battlebus LOL SJ shouldn't be laughing as this is criminal. Sad to see the end after years of SIN but suppose after recent market turmoil the shares would be only worth around 3-4p so 7p isn't bad. I might see you at the AGM as i held 250'000 who knows what they will be worth in 10 years but imho worth the risk. Must email to see what happens shares that i don't hold on the register as to proof of ownership. |
Posted at 27/5/2010 12:12 by sailing john Received payment into Halifax account yesterday 26th MaySelftrade not yet processed - so I have just emailed a reminder RIP - Spectrum Well not quite - kept 10 so I should get an invite to the AGM! - Free tea and bickies round at Mark's house! Oh and one last thing - epic SIN now available if anyone is thinking of floating their lap dancing clubs! SJ |
Posted at 07/4/2010 18:46 by egoi I received an email tonight from UK-Analyst; from Watshot>Part of which: 'Spectrum Interactive (SIN) - Worth tuning into......... Concluded: '....If the company can successfully manage the winding down of its payphone business whilst generating growth from its Wi-Fi operations the shares should enjoy a re-rating from their current PE ratio of around 3. Recent results suggest the company is on track, with profits coming in slightly ahead of expectations at GBP0.8 million and net debt reduced by GBP1.4 million to GBP3.8 million......' Erm, just my thought; but hasn't the writer (James Faulkner) overlooked and/or omitted something quite important? :-)) |
Posted at 29/3/2010 10:38 by melton john Thanks for your time Outsider, it's getting like Ofex here with Sin going private isn't it. I bought into a couple on there that went private, only a small amount, but not something I would recommend Battlebus. But looking on the bright side there may be good times coming and they want the trough to themselves, in my case it was saving money to stay afloat. Majority shareholders seem in my opinion, once they have got through small shareholders money and start to make it, will pay themselves well, award themselves dilutive options and you then if you are a private co have only one buyer for your shares. Worth getting a shareholder list and seeing who else might be with you if you are serious. |
Posted at 25/3/2010 23:21 by melton john Off topic Outsider, I remember you as a value investor from OFEX days. While we're awaiting the results from SIN I'd appreciate an opinion on CMG. They seem to have turned a corner but still not widely known. |
Posted at 19/3/2010 13:51 by outsider for me a pe of about 5 should be about right reflecting debt etc, so for me a double in share price from here to about 12p is fair. results in 11 days. |
Posted at 18/3/2010 16:03 by pugugly > Melton John - re your 22 Feb'10 - 17:23 - 345 of 364 in SIG"Hi Pugugly you might like to take a look at SIN. Mkt cap 1.9m share price breaking out. Seems to have a good future" Just had a quick look and initial thoughts are :- Interesting but niche business very liable to erosion of estate by advances in mobile phone (internet enabled) technology and more general spread of network wifi availability. Forward per at 2.77 looks very good but debt at some £4 million inc lease debt is a concern as debt just over double market cap and no dividends in sight. Also looks as though very dependent on BAA for main revenue streams (could be a problem if BAA plays hardball over contract renewals) . |
Posted at 22/2/2010 20:44 by bogoff announced today sin win london city airport 5 year contract. Spectrum Interactive has secured a five year contract with London City Airport to provide internet desks and payphones.Daniel Gray, Spectrum's Head of Travel Division, Daniel Gray says:"This is excellent news and reinforces Spectrum as the UK airports' leading public internet access provider. "The length of this agreement means we can concentrate on working with the airport to develop new services and thus new revenue streams. For example we have recently added full Skype & Google Talk instant messaging (IM) & voice services to our internet desks." Story provided by Business Financial Newswire © 2010 BFNNews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Next Article: Stadium Group ahead of expectations Click! Rate this article: EMAIL PRINT RSS SHARE TEXT SIZE: A A A |
Posted at 31/1/2010 18:38 by battlebus Been a holder for years and have every faith in the management .After speaking to several of them after agm's at which i have put several questions from the floor even over my dismay at the loss of the BAA contract and the crazy share price.. I have to say that each time my fears have been allayed and for them to be as open to a private shareholder shows in my view just how responsible they feel to shareholders. They certainly know that increased debt will reduce the shareprice i have stressed this to them on several occasions but without growth the shareprice will remain low and entering a new area like marine reduces the effects that the expected slowdown in airport internet terminals and payphones will have. Debt is still expected to fall this year but we should reap the rewards several years from now. Another aquistion is in the pipeline which will lead to more volatility in shareprice and has caused a largeholder to sell out bringing the shares down 50% from 10p. Unless you are prepared to hold long term this share is not for you. I hold a hell of a lot of shares that i have bought as low as 3p and as high as 30p and the debt is a worry but i have every faith in the management to hold. I support their view that to stand still and repay debt would not benefit the company long term and that when opportunities appear at the right price we must take them. |
Posted at 26/3/2008 07:07 by chris1981 Interim Results for the six months to 31 December 2007Interim Results for the six months to 31 December 2007 STRONG GROWTH IN INTERACTIVE BUSINESS. OVERALL PERFORMANCE IN LINE WITH THE BOARD'S PREVIOUSLY ANNOUNCED PLANS Spectrum Interactive plc, (LSE: SIN), the leading interactive and payphone services provider, announces its interim results for the six months ended 31 December 2007. Financial highlights: * Total revenue down 7% from £9.8m to £9.1m; * Interactive revenues up 32% to £3.8m and now represent 42% of total revenues; * Payphone revenues down 24% to £5.3m; * Capital expenditure of £1.5m of which over 90% was on the interactive business; * Administrative expenses reduced by 9% (approximately £0.3m) compared with prior period; * Gross debt of £6.0m (as at 31 December 2006: £5.9m). Net debt of £5.5m (as at 31 December 2006: £4.7m); * EBITDA (Earnings before interest, taxes, depreciation and amortisation) £1.8m (six months to 31 December 2006: £2.1m); * Profit before tax and amortisation charges down from £1.0m to £0.8m; * Seasonality of the business is changing because of growth of WiFi services. Last year the result for the second half of the year, prior to German write downs, was a loss of £0.5m, resulting in a profit before tax and German write downs for the full year of £0.3m. This year is expected to see a profit in the second half with the consequent improvement in full year profitability; and * Financial statements presented for the first time under IFRS (International Financial Reporting Standards) - the main differences are the elimination of the goodwill amortisation charge (£0.2m charge in the first half of the prior year under UK GAAP compared with no charge under IFRS) and the full recognition of the deferred tax asset, which is then leading to a deferred tax charge (£0.4m in the current period and £0.3m in the prior period compared with no charge under UK GAAP). Operational highlights: * Completion of the rollout of WiFi services to Travelodge, installing into over 300 hotels by 31 December 2007; * In conjunction with Travelodge in February 2008, launch of an online pre-pay purchase scheme for WiFi vouchers - initial results have been very positive; * Consolidation as the leading provider of interactive services to airports with a new contract win for internet terminals and WiFi at Birmingham Airport and the installation of internet terminals at Heathrow Terminal 5, which opened in March 2008; * Roll out of WiFi services to 25 Greene King hotels and over 100 Greene King pubs with orders to install WiFi into a further 50 Premier Inn hotels; * Acceleration of the rationalisation of the payphone base, removing over 1,500 unprofitable units during 2007, leaving 7,156 payphones in total in the UK and Germany; and * Completion of the transfer of the media operation to Clear Channel in respect of the 1,800-strong street payphone estate. Commenting on the results, Lord Young of Graffham, Chairman, said: "Overall, Spectrum Interactive is delivering on the plans announced in 2007. While our financial performance in the first half of the current year was below that of the prior period, the smoothing of our seasonality caused by our growing WiFi business leads us to expect a relatively stronger second half in comparison with the same period in the prior year. As a result we expect to exceed current market expectations for the full year." Enquiries +------------------- Spectrum Interactive plc - Interim Results Six months to 31 December 2007 Chairman's Statement I am pleased to announce the first half results for the financial year 2007-8. The Group has continued its clear strategy which is to re-invest profits from its declining payphone business into its growing interactive digital services business, most notably in airports and hotels. The rationalisation of the payphone business has been accelerated to reflect its continuing decline. Demand for interactive services has continued to grow quickly and this has been reflected in increased installations, particularly into hotels. As a result, although revenue was down 7% overall on the comparative period, in the first half of the current year revenues from interactive products grew by 32% and now constitute 42% of total revenue, a figure we expect to rise to over 50% within the next year. EBITDA (earnings before interest, taxes, depreciation and amortisation) were £1.8m (£2.1m in the six months to 31 December 2006) and profit before tax and amortisation in the six month period was £0.8m, down from £1.0m in the prior period. The growth in the WiFi business is smoothing the previous seasonality of the overall business- last year prior to impairment charge there was a second-half loss of £0.5m, whilst this year, based on the results already seen from the first two months, there is expected to be a profit in the second half. With interactive revenues continuing to grow, our objective for 2008 is to continue to compete for new contracts and to develop new products and services to deploy into our key target markets of airports and hotels in the UK. As I mentioned in the November AGM statement it is the Group's intention to disinvest itself of its German payphone operation. FINANCIAL RESULTS Revenue was £9.1m in the period, down 7% on the same period last year. As already mentioned, we are seeing a marked change in seasonality within the business with the growth of WiFi improving the performance in the January to June period. However, the business will continue to have seasonal variation, with the summer months continuing to make the July to December period the stronger of the two half years. Revenue in the interactive business grew strongly by 32% to £3.8m, reflecting both like-for-like growth in usage from existing sites and the effect of new installations into hotel sites in the six-month period. The split of revenue within the interactive business was £2.4m from internet terminals and £1.4m from WiFi services. Revenue in the payphone business fell by 24% overall to £5.3m (£6.9m in the six months to 31 December 2006). The decline was similar in both the UK and Germany as users opted for alternative methods of making voice calls. It is also important to note that revenues from freephone calls (PAC) fell by 27% in comparison with the prior period. Revenues from advertising on payphone kiosks increased by 36% compared with last year. Gross profit fell 13% on the prior period to £3.7m. As a percentage of sales gross profit fell from 43% to 41% which can principally be attributed to the loss of PAC revenue. Administrative expenses were down £0.3m or 9% on the prior period. This reflects the general reduction of overheads in the business, both in the UK and Germany, which we have implemented in view of the ongoing decline in the payphone business. Net interest payable was up 9% on the prior period, reflecting mainly higher bank interest rates in the period. Because of the full recognition of the deferred tax asset (previously only partially recognised) under IFRS, there is a deferred tax charge in the period of £0.4m. This reflects the reversal of timing differences and the decreased value of the tax losses and tax writing down allowances as the tax rate reduces from 30% to 28%. The overall debt position on the Group remained broadly neutral in the six month period with £0.7m of bank debt and £0.2m of finance leases repaid in the period. This was matched with an overall similar amount of new debt (£0.4m of bank debt and £0.5m of finance leases), which was secured to finance the investment in the Travelodge WiFi estate. Gross debt at 31 December 2007 was £6.0m (£4.7m of bank debt and £1.3m of finance leases), and net debt (gross debt less cash) was £5.5m. Capital expenditure in the period was £1.5m the majority of which fell in two areas: the installation of WiFi services into approximately 400 hotels, and the installation of payphones and internet terminals into Heathrow Terminal 5. This is the first time that the financial statements have been prepared under International Financial Reporting Standards (IFRS). The prior periods have been restated, as has the balance sheet at the date of transition, 1 July 2006. The main impact of IFRS has been as follows: * Amortisation of goodwill - automatic amortisation no longer required under IFRS but goodwill subject to annual impairment review. Amortisation of goodwill last year under UK GAAP was £0.4m for the full year. * Deferred tax - full recognition in the balance sheet of the value of losses and writing down allowances, but leading to a charge in the income statement as those benefits are used - hence the £0.4m deferred tax charge in the income statement for the six months to December 2007. * Borrowing costs - where a loan or lease relates directly to an asset the lifetime interest costs are capitalised and depreciated over the asset life. This does not have a material impact on the results but does lead to a shift from interest expense to depreciation. * Holiday pay - no account was previously taken of the timing difference between holiday being earned and taken. Under IFRS an accrual is made to recognise this, leading to a small increase in costs in the January -June period and a corresponding decrease in the July-December period. OPERATIONAL REVIEW The Interactive business continues to grow quickly, with revenues up 32% on the prior period. Desk revenue rose from £2.2m to £2.4m and the average monthly revenue per terminal rose from £192 to £211, an increase of 10%. WiFi growth was even more impressive, rising from 575 hotspots in December 2006 to 927 at the end of 2007. WiFi revenues increased by 109% from just under £0.7m to £1.4m as a result of rapid deployment into new hotels, good marketing and most importantly the increasing appetite from business users for this service. Like for like WiFi revenues have been growing almost every month, a trend which is expected to continue for the foreseeable future. The launch in December 2007 of an online website in conjunction with Travelodge for purchasing WiFi in advance of the hotel visit is proving very popular with customers and is also enhancing monthly revenues. WiFi services were also installed into 25 Greene King hotels, and we have orders for over 50 new Premier Inn hotels. The Group sees this as evidence of a progressively maturing market with hotel visitors expecting WiFi as a standard feature of their hotel stay. We have completed the installation of interactive services into Birmingham Airport as part of a new contract where we provide both internet terminals and WiFi. We continue to work closely with our airport partners, and we expect that the opening of Heathrow Terminal 5 in March 2008 will assist us in further increasing our high visibility locations. Airports are being required to increase the amount of space dedicated to security, and this has forced us to de-install internet desks at some locations, but we expect to identify new alternative locations and believe that there is still considerable revenue growth possible. The payphone base fell by 1,716 units since 31 December 2006 to 7,156, of which 5,496 are in the UK and the remainder in Germany. This deliberate rationalisation process has been concentrated on the UK managed estate where contracts have either been renegotiated or terminated. This policy will continue in 2008 so that by the end of the current calendar year we expect to reduce our payphone base to just 5,000 units. This strategy is enabling the Group both to reduce operational costs and focus its commercial activities on the growing interactive business. Our German business is generating cash despite a further 22% decline in payphone revenues in the period. We have reduced our operating expenses in line with this decline. Our interactive revenues in Germany have risen with airport contracts in particular proving to be a growing source of income. ACQUISITIONS The Group pursued one overseas acquisition during the period but withdrew from the deal in November 2007. We incurred a cost of circa £50k as a result of this aborted transaction. We have since decided to focus our strategic initiatives on opportunities within the UK for the immediate future. OUTLOOK The outlook for the second half of the current year is good in comparison with the same period last year. We are seeing now in the early months of 2008 the impact of the 352 new WiFi hotel sites installed over the last six months, and this is expected to result in continued growth in interactive revenues during the second half of the financial year. Although further reductions in payphone revenues are expected, the Group will continue its rationalisation process and also intends to disinvest itself of its payphone operation in Germany, as already announced. We have implemented a number of key initiatives aimed at growing our interactive business, including investing in new people and new innovations for the long term. We are beginning to realise some additional media revenues from our interactive estate and this, coupled with new deployments and innovative new services (eg PrintSpectrum), should enable us to increase yield from existing and new sites. Overall, Spectrum Interactive is delivering on the plans announced in 2007. While our financial performance in the first half of the current year was below that of the prior period, the smoothing of our seasonality caused by our growing WiFi business leads us to expect a relatively stronger second half in comparison with the same period in the prior year. As a result we expect to exceed current market expectations for the full year. |
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