Speymill Share Discussion Threads

[nickcduk] 06/6/2007 12:22

SYG is getting hammered because we haven't had any updated forecasts for this year. The Macau and SDIC fundraisings should have boosted forecasts and made it clear where earnings were likely to come in at. Instead investors are losing interest as there are no near term catalysts to revive the share price. If Lewis Charles were to come out and say 10p of earnings we would get a bit of rally going. As it is we are getting drip selling which doesn't seem like stopping any time soon.

Negative German property stories and rising interest rates are not helping sentiment either at the moment. Im not too concerned about that though because SDIC have interest rate caps on their borrowings and the longer term migration trends into Germany will ensure property prices start to recover sharply. In hindsight I guess we should be grateful we got both second round fundraisings for Macau and SDIC away before recent worries about rising interest rates emerged.

[spaceparallax] 06/6/2007 11:48

Shoe,

An unusual analogy, given that JLP are a miner.

[shoee62] 06/6/2007 10:06

Reasons always a tricky one to answer - newspapers always come up with "reasons".
The chart on this looks similar to JLP - that one retraced half its leg up before going back up again.
The numbers are almost the same, except this looks like it wants to print 100

[password] 06/6/2007 09:55

Any ideas as to the fall anyone??

[shoee62] 06/6/2007 09:35

Gsands - looks like it is back to your higher trendline (which is roughly halfway back of the last leg up)

[lbo] 18/5/2007 09:38

Looks like property returns in Germany are not that good. See article below

Investors in Germany may have to wait a little longer

A wide variety of property investors have been pinning their hopes on a rapid German recovery, but it looks like they may have to wait a while for dividends

INVESTORS who are hoping to make a quick buck from a recovery in the German property market may be disappointed as it looks like they will have a wait on their hands. Nevertheless faster growth is being seen in some segments of the market.

A new German house price index shows that in the first three months of this year prices dipped 3%.

This suggests that the recovery reported in 2006 may be running out of steam. The authoritative Investment Property Databank had earlier reported that 2006 saw the residential sector become the strongest segment of the German property market for the first time in 10 years.

[shanksaj] 17/5/2007 23:39

Interested to know what Macau looks like, where Speymill has one of its property portfolios? Possibly the best way to get a bird's eye view of Macau:-



Triktrak,

The markets haven't understood Speymill yet. There are shorters here. They'll probably get their buck before the market wakes up to the potential.

[triktrak] 17/5/2007 15:20

Lines can be drawn to suit anyone's purposes - whether they be a shorter or a holder of stock.

The last 2007 eps forecast given for SYG was 8.9p. However, Lewis Charles has now withdrawn that estimate and said it will release new updated forecasts 'in due course'. On April 30th it said "we believe that Speymill's profitability is now positioned to grow significantly".

Just a week ago Simon Cawkwell (Evil Knievel) - whatever you may think of him - restated his belief that eps within a couple of years would be at least c.20p.

If Lewis Charles confirms that type of growth, the share price of SYG will head in only one direction.

[gsands] 17/5/2007 13:57

Back to trendline?

[shanksaj] 17/5/2007 13:43

Share prices fluctuate

[7767] 16/5/2007 09:49

Why the mark down this morning? Any Ideas?

[dailos] 15/5/2007 08:23

Been adding this morning, premium being asked for size so had to nibble...

[cat] 14/5/2007 19:09

I think its turned now.

[spaceparallax] 14/5/2007 14:30

We have seen some significant downturns in recent months, although each time the share price recovered well and went on to maintain the upward trend. I'll guestimate that we might fall back to the late 90s support, but will gradually come good again as news provides justification.

[gsands] 14/5/2007 11:09

Bit of a ND on this turn too:

[gsands] 14/5/2007 11:08

Shame that the previous high is not coming in as support. Let's see where it closes but for now the short term upside seems to be over:

[spaceparallax] 11/5/2007 14:00

I'm not too surprised to see some retracement. I'm delighted with the share price progress, which to be quite honest I hadn't expe3cted to exceed 100p at this stage.

[shanksaj] 09/5/2007 17:01

Nick,

The funds were not raised by Speymill Group but by Speymill Macau for the Macau market only. Speymill Macau shares are traded separately and are currently around 1.60 US dollars.

We are still awaiting the fulfillment of the proposed fundraising by SDIC mentioned on 16/03/07, for investing in the German market.

[nickcduk] 09/5/2007 11:27

Im a bit dissapointed with SYG's fund raising ammounts. Its performed exceptionally well and yet could only raise another $70m dollars. The likes of DDC and its ilk are raising hundreds of millions in second round fund raisings. They should maybe look at picking a more high profile broker to get a few more larger investors on board.

What we really need now is a new fund which launches with a few hundred million under its belt. That would help propel SYG to the next level. Some new broker forecasts would also help push it along.

[moogies] 09/5/2007 11:20

Completion of Placing

Speymill Macau Property Company PLC
09 May 2007

Speymill Macau Property Company plc ("the Company")
Completion of Placing

The Company is pleased to announce that it yesterday completed the placing of 50
million ordinary shares of US$0.10 each ("Ordinary Shares") at a placing price
of US$1.40 per Ordinary Share (the "Placing Price"), to raise a total of US$70
million before expenses ("the Placing"). The proceeds of the Placing will be
used to fund further acquisitions in line with the Company's investment
strategy. Application has been made for the new Ordinary Shares to be admitted
to trading on AIM, and the new Ordinary Shares are expected to be admitted to
trading on AIM on 11 May 2007.

Placing statistics:

Placing Price per Ordinary Share US$1.40
Number of Ordinary Shares being issued pursuant to the Placing 50,000,000
Number of Ordinary Shares in issue following the Placing 130,000,000
Gross proceeds of the Placing US$70 million
Market capitalisation of the Company following the Placing US$182 million
at the Placing Price

9 May 2007



This information is provided by RNS
The company news service from the London Stock Exchange

[password] 08/5/2007 10:18

Thanks guys, i think the next 6 months could be very interesting. Would like to hear something soon about their asset gathering activities.

[jimlad] 08/5/2007 09:48

password

Macau flying may have some influence

jimlad

[jimlad] 08/5/2007 09:46

triktrak

65000 at 125.5 Serious stuff this.

jimlad

[triktrak] 08/5/2007 09:34

password

I can only guess that it's to do with the optimistic noises emanating from Lewis Charles - the only broker covering SYG. In their note of April 30th they talk of significant profitability in 2007 and beyond. It'll be very interesting to see what LC's revised forecasts are like for 2007 (and 2008), once they're released.