Speymill Share Discussion Threads

[spaceparallax] 28/11/2006 16:22

Very nice closing bounce.

[sheeneqa] 27/11/2006 15:52

Further Investments

RNS Number:7194M
Speymill Deutsche Immobilien Co PLC
27 November 2006

Speymill Deutsche Immobilien Company plc ("SDIC" or "the Company")

Further Investments

Speymill Deutsche Immobilien Company plc (AIM: SDIC), the pan-German residential
property investment company listed on AIM, announces further investments.

Main highlights at 24 November 2006 are:

- Residential properties in various German cities notarised (i.e. committed to
be purchased) for a cumulative cash consideration of EUR574.2 million

- To date 71% of these notarised properties are in the former West Germany, 9%
in Berlin and 20% in the former East Germany

- Expected initial net rental income of approximately EUR41.9 million per annum

- Blended net initial yield of 7.1%, projected to rise to 7.6% within 12 months
of full investment

The Company has notarised apartment blocks containing 10,532 units (residential
units - 10,255 and commercial units - 277) at an overall average price of EUR804
per square metre. Total rentable space is 714,006 square metres.

There are presently approximately 828 vacant units (circa 8% overall vacancy
including units to be refurbished or redecorated prior to letting). The Company
expects the occupancy level to rise over time once it has had an opportunity to
manage the properties. The Manager intends to raise occupancy through active
management with proactive leasing and refurbishment where appropriate.
Approximately EUR16.6million is planned to be allocated on refurbishment for
those properties currently notarised and this expenditure is expected to be
yield and value enhancing.

Last week, agreement in principle was reached with a European bank for the
financing of further property purchases. Subject to contract, the Company
expects this financing transaction to be concluded in early December.

This will mean the Company will have received approximately EUR407m of debt
financing with the interest rate fixed at 4.6% and this debt will represent at
least 85% of original purchase price. The property acquisitions going forward
have also been fully hedged against interest rate risk, allowing the Company to
assume a maximum overall fixed cost of borrowing of 4.6%.

For purposes of bank valuations, the portfolios of assets being financed have
been valued by DTZ at a weighted average of a 6.0% increase to purchase price.
The Manager is preparing a further portfolio of properties for valuation and
financing.

Approximately EUR70 million of further properties have been approved by the
Board to proceed to notarisation.

An additional property acquisition pipeline of over EUR400 million has been
identified.

27 November 2006


Notes to editors:

- Speymill Deutsche Immobilien Company plc is a pan-German residential property
investment company which listed on AIM on 17 March 2006.

- The Company raised #170 million in a placing on its admission.


- The Company was established to invest in the German property market and,
predominantly, in the residential sector. It is anticipated that once fully
invested, the Company will have a balanced portfolio of properties throughout
Germany.


- The Company's objective is to provide Shareholders with an attractive level
of income together with the prospect for long-term capital growth.


- The Manager is Speymill Property Managers Limited and the Investment Adviser
is GOAL Service GmbH. The Manager and Investment Adviser are responsible for
identifying new investment opportunities.


- The Manager is a subsidiary of Speymill Group plc (AIM: SYG) while the
Investment Adviser is a joint venture partner of Speymill Group plc (which
owns 51% of the venture).

[lostboyyats] 27/11/2006 15:24

And then some.

The sum of the parts already equate to 120p.

[gucci] 27/11/2006 15:06

fantastic chart
going for 100p

[spaceparallax] 27/11/2006 10:32

SP movement is very impressive and nicely underpinned by the latest RNS.

[arp2] 27/11/2006 10:00

I looked at the recommended broker site : www.lewischarles.com/pdf/061120_speymill_group.pdf The new Broker report there is detailed and helpful, upgrading the stock from Speculative Buy to Buy. They conclude that the share price on 2007 Estimated earnings is worth 96p.

p.s. You need pop-ups enabled to be able to access the report.

[cambodia] 26/11/2006 19:16

Hi, interesting stock and graph. Have a look at this tip from Sunday Telegraph 19/03/06:
Personally graph looks good for rise with current news flow.

Speymill

Take A look at Speymill (75.5p), the specialist manager of property investment funds. On Friday, the company announced that the £250m fundraising for its latest vehicle had been heavily over subscribed, showing the strength of investor appetite and confidence in Speymill's management.

The latest fund is due to be geared up to £1bn, and the money will be invested in the booming German residential market. Following this fund raising, Speymill will have funds under management of £1.5bn, which are expected to generate earnings for the company of around £10m, as long as performance criteria are met.

The property investment division of the company is chaired by Howard Flight, the former Tory MP, but the company is run by Bob MacDonald, a former managing director at Morgan Stanley. He was recruited by Jim Mellon, the international financier, who holds around 45 per cent of the shares in the company.

With further funds in preparation and a current market value of less than £30m, Speymill is well placed to grow, especially if Real Estate Investment Trusts are introduced in the budget this week. Buy.



Aberdeen | Accsys | SMG | Speymill

[spaceparallax] 24/11/2006 13:45

Small mention in today's IC, outlining recent Macau deal - summarise "Speymill's transformation into a property fund manager continues apace but, at 58p, it remains valued at just PER 6.5 2007 earnings. BUY."

[spaceparallax] 24/11/2006 09:46

Great to see the share price surge continue - good momentum.

[moogies] 24/11/2006 09:32

Mentioned in IC today. View =

"Speymill's transformation into a property fund manager continues apace but, at 58p, it remains valued at just 6.5 times 2007 earnings. Buy."

M.

[rogerbridge] 24/11/2006 08:24

Well at least that has given me a decent entry point. Seems lots to go for over the next 12 months.

[rampmeister] 24/11/2006 08:16

We still seem to have mr 25k and mr 10k selling into the rise unfortunately.

RM

[rampmeister] 24/11/2006 08:12

very encouraging start this morning - looks like breakout has been confirmed.

RM

[short1] 23/11/2006 16:46

Space try www.lewischarles.com/pdf/061120_speymill_group.pdf

[spaceparallax] 23/11/2006 16:40

It'll be interesting to see whether a few big trades are reported after close - if so, we could have good momentum for tomorrow.

[spaceparallax] 23/11/2006 16:22

Short,

I've tried to access it via the broker site, but keep having technical problems - could you post the summary?

[short1] 23/11/2006 15:46

gucci---- and about time too

[gucci] 23/11/2006 15:43

BREAKOUT!!!!!

sorry for shouting but its been a long time coming

[short1] 23/11/2006 15:43

The note is dated 20/11/06 and confirms what all holders believe that the share is undervalued given the income streams that it will generate in the comming years.

[spaceparallax] 23/11/2006 15:32

Whoooosh!!

[spaceparallax] 23/11/2006 15:24

Short,

Are you referring to the May note, or later?

[short1] 23/11/2006 12:41

If anyone wants a good update then go the House Brokers website Lewis Charles and you will locate the upgrade that justifies this to a buy from speculative buy.Given this I am not surprised at the substantial buys.

[short1] 23/11/2006 12:41

If anyone wants a good update then go the House Brokers website Lewis Charles and you will locate the upgrade that justifies this to a buy from speculative buy.Given this I am not surprised at the substantial buys.

[spaceparallax] 23/11/2006 12:28

Decent trading volume today, with some substantial Buys - perhaps the rise to beyond 60p is on the cards?