Speymill Share Discussion Threads

[spaceparallax] 01/3/2007 14:03

MJ,

If you're willing to behave i.e. not be provocative, splash junk mail and can be brief - I might consider welcoming you.

[mariannejane] 01/3/2007 12:41

long term share chart showing a cup and handle fomration, very bullish

[arp2] 28/2/2007 12:26

me too. Everything is bombing today.

[spaceparallax] 28/2/2007 11:17

Tumbling SPs almost everywhere - sadly we're suffering after-shocks from general Market concerns. Whilst I don't like it, I'm sitting tight so long as we don't broach my 70p stop.

[rcktmn] 28/2/2007 10:13

Lots of peeps with big profits to realise after getting at ground zero @14pish.
'xpect this to recover wwhen the market recovers

[password] 28/2/2007 08:54

On the volume traded this drop seems a little harsh.

[spaceparallax] 21/2/2007 12:33

LBO,

Thanks for that interesting article.

[lbo] 20/2/2007 17:43

Berlin property market 'ready to boom'


19th February 2007 17:56

The property market in Berlin could be set to enjoy a boom in the coming years thanks to an influx of investment in the city, according to a property investment company.

With low start-up costs and cheap commercial office space, Assetz claims that the German capital's property market will benefit from low prices relative to Frankfurt and Munich.

Furthermore, with improving employment statistics there is the economic background necessary for a thriving property market – although Stuart Law, chief executive of Assetz, advises investors to be patient.

"Germany is a new market for most overseas investors and it will take time to develop, so I would advise taking a ten-year view rather than expecting instant returns," he remarked.

He added that the long-awaited triggers for growth are now taking place, meaning that it is "inevitable" that Berlin's property market will catch up with the rest of Germany.

Last month, Assetz claimed that Berlin is fast becoming a favourite investment destination for "jet-to-let" property markets.

[lbo] 20/2/2007 14:09

Economic outlook still strong for Germany
Sunday, February 18, 2007 - By Vincent Landon in Berlin
The figures will only add to expectations of a March interest rate rise from the European Central Bank and raise speculation of further increases to come.

The flow of positive data began on Tuesday when the Federal Statistics Office revised upwards its growth rate for 2006 from 2.5 per cent to 2.7 per cent due to a strong performance during the last three months of the year.

It was the best economic performance for the eurozone's largest economy since 2000 and the week was still young. In its annual economic report published on Wednesday, the German government upped its 2007 growth forecast to 1.7 per cent in 2007 instead of the previously forecast 1.4 per cent.

The average annual jobless rate would fall to 9.6 per cent this year from 10.8 per cent in 2006, the government predicted. Indeed ''with a bit of luck'' the annual average jobless total could fall below the key four million mark, Germany's economic minister Michael Glos told a news conference in Berlin.

In 2006, the annual average jobless total stood at 4.487 million. The last time unemployment in Germany was less than four million was in 2001. On the same day, the German Institute for Economic Research (DIW) predicted 2 per cent growth against a previous GDP estimate of 1.8 per cent.

Hard on their heels on Thursday, the Association of German Chambers of Industry and Commerce (DIHK) upped its forecast from 1.5 per cent to 2.3 per cent.

The DIKH shares the government's expectations on unemployment and believes that the number of jobless could drop by 500,000 this year. Foreign trade has recently accounted for the lion's share of growth. German exports hit record levels last year up 14 per cent at €893.6 billion. The figures pushed the trade surplus to €161.9 billion, its highest level since unification.

Domestic demand was also strong at the end of 2006 as Germans rushed to make big purchases ahead of a sale tax increase from 16 per cent to 19 per cent at the beginning of January.

Rising investments and increased industrial production were also factors. For 2007, many of these criteria remain valid - hence the optimism. Although the economy was certainly boosted by consumption ahead of the Vat hike, most indicators suggest that any decline in the propensity to buy is a temporary blip and that consumer confidence has remained strong.

The DIW predicts GDP in the first quarter will be up 0.4 per cent (compared to 0.9 per cent growth between October and December). The strength of the euro against the dollar and the yen is admittedly causing disquiet, although the latter seems to be more than offset by the boom in emerging Asian markets.

Luxury carmaker BMW, for example, sold a record 127,000 vehicles in Asia last year, up 14 per cent from the previous year. Wage pressures remain strong and there is particular concern about the latest round of pay negotiations with Germany's IG Metall union. In addition, further structural reforms are seen by economists to be essential. The government cannot afford to rest on its laurels even though recent labour market and social welfare reforms have helped enhance Germany's economic performance.

Taken all round, however, it seems highly likely that the Germany will be one of the top contributors to European growth this year. With other key eurozone economies having a strong start to 2007, the odds are very high that the ECB's key interest rate will go up next month.

[arp2] 19/2/2007 16:34

large sell today at 16.28hours - 500,000 shares, but no price movement. Any thoughts - big dip tomorrow?

[lbo] 19/2/2007 12:37

Germany has risen to one of the world's top three destinations for private equity investment in the Private Equity News annual survey of financial sponsors.

[serious] 17/2/2007 05:29

On Aim, property group Speymill was on the way up after an upbeat trading statement predicting full-year results "in line with expectations". The group, which has invested in property in Macau and Germany, has recently won a contract for a 150-bed safari hotel at Chessington World of Adventure. The shares rose 2p, or 2.5%, to 83p.

from the GUARDIAN...

[short1] 16/2/2007 16:51

Mick many thanks.Am i correct to understand that no more options have been granted since 2005?

[mickcrawford] 16/2/2007 16:38

New accounting regulations called IFRS (International Financial Reporting Standards) have been implemented and have to be adopted by UK Listed companies with an accounting period ending after 01/01/2006. These regulations are intended to harmonise companies accounts globally and make it easier to compare a UK company with say an European one (or American one). As you can see from 2005 Accounts the company issued a shed load of options in 2005 - as you are aware the company has quite a "colourful" past and has been restructured.

Year Number Exercise Exercise
Price Dates
2005 6,738,852 22.00p 26 Jul 2008 to 26 Jul 2015
2005 349,078 44.85p 10 Oct 2008 to 10 Oct 2015
2005 2,035,535 45.30p 11 Oct 2008 to 11 Oct 2015

The accounting regulations now say that if you give someone an option it is equivalent of you purchasing the option in the open market and then giving it to them- The issue is how much would it cost me to buy the option in the open market - FRS20 (which is the UK implementation of FRS2) gives standard option pricing formulas but it enough to say the value that your advisor will prescribe is a bit of a moveable feast.

[short1] 16/2/2007 15:45

Many thanks to you both.If this doc relates to share options then should this not be notified to the market or are we talking about other options not in syg?
mick you do mention non traded options.

[mickcrawford] 16/2/2007 15:19

FRS20 Deals with the accounting for share options which now have to be expensed through the P&L in accordance with IFRS2. This states that the market value as of the date of the grant must be expensed. Prior to this accounting standard the accounts only had to show when the opion had an intrinsic value (exercise below the current market price) under the new regime the time value of the option must be allowed for as well. Value can be tricky to determine for non traded options.

[short1] 16/2/2007 14:29

Can anyone assist me and explain what FRS20 is or where I can find out?

[spaceparallax] 16/2/2007 13:44

Agreed, very good overall - only the FRS20 obligations proving a little more onerous than expected. To me, the future looks very bright. Difficult to see this one remaining below 100p in the near future, albeit with the tradional teasing retracements so beloved of the chart.

[rcktmn] 16/2/2007 11:22

Yep. very good.. couple of flies in the ointment but overall good and very encouraging for the future.
onwards and upwards..sticking with it for now.

[badgeman] 16/2/2007 11:08

Trading statement just out- looks good.

[password] 12/2/2007 14:49

Thanks ARP2

[arp2] 12/2/2007 12:16

April - see syg website financial calendar.

[password] 12/2/2007 09:45

Anyone have any idea when we're going to get to see the results for 06?

[lbo] 07/2/2007 16:59

I suspect that was a sell being worked all day and thats what caused todays weakness. Looks like a stock overhang. Perhaps that Simon Fella is selling out too or is it just me

LOL