Speymill Share Discussion Threads

[redrenault2] 29/11/2007 14:15

Bylow ... plenty of other people seem to do alright !! maybe your just not that hot !!

[spaceparallax] 29/11/2007 09:54

Nice vote of confidence by the Director.

[redrenault2] 29/11/2007 09:13

Guys .. get real .. yes we are shareholders but seeing as the institutional investors seem more than happy with the mgmnt and the strategy unfortunately .. suck it up.. taking 35% of the profits and being issued stock .. why not they work their nuts off whilst you havent got the balls or knowledge to run a business like SYG, so why shouldnt they get paid.. Yes issuing the note at 432 was stupid , yes the pay seems toppy but when you actually look at other companies renumeration if they worked at an investment house they would get far more and have less risk writing notes on balfour beatty !! so average and go for the ride.... or go buy some water company .. oh yes sorry the germans bought those and took a few hundred mil of our gov't invested money !! or Baa .. oh damn the spanish are raping that one now !!! or even Stagecoach / Aviva .. very nice handouts from old Ken !!

[jeffian] 29/11/2007 00:40

I think you guys have lost the plot! "email the Directors"? Who do you think owns and controls this company? It is, effectively, a Mellon personal finance vehicle - the Mellon family alone control nearly 50% and with other Directors over the key 50%; they injected their substantial German property assets at the outset; they have been involved in the hotel refurbishment contracts; they have an interest in jv partner GOAL. Writing to the Directors to ask them to tone down their rewards would be a bit like phoning Nero when you find your Roman house on fire. I'm afraid you minority shareholders are the fleas on the dog and he ain't gonna get his nose out of the trough just because you bother him. IMHO.

[irkin] 29/11/2007 00:16

Everyone should email the directors to express their disgust and suggest that to repair investor confidence the bonus scheme should be suspended until appropriate performance targets have been attached - and for 35% of the profits they need to be seriously stretching targets.

[e-mail]

[4323] 28/11/2007 14:59

Join the club Irkin
Bit like insider dealing. I bet all the directors are buying at these levels

[mathisvale] 28/11/2007 14:05

The director has waited until all the bad news is out in the open before buying. What a surprise. The implication now must be that the co. is good value at this price. It is certainly cheap enough

[moogies] 28/11/2007 14:00

Directors buying:

Speymill Director/PDMR Shareholding




RNS Number:6857I
Speymill Group PLC
28 November 2007

Stock Exchange Announcement

Date: 28th November 2007

For immediate release



Speymill Group plc ("Speymill" or the "Company")



Director's Dealings



Speymill has been informed that Mr. Ilyas Khan, a non-executive Director of the
Company, purchased 100,000 ordinary shares in Speymill at 49.5p on 27th November
2007.



Following this purchase, Mr. Khan's beneficial interest in Speymill is now
100,000 ordinary shares, representing approximately 0.17% of the ordinary issued
share capital of the Company.



- End -





Contacts



Speymill Group plc [phone]

Keith Lees, Finance Director



Nominated Adviser

Nabarro Wells & Co. Limited [phone]

David Nabarro








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

RDSILFFVLSLTFID

[redrenault2] 28/11/2007 11:38

Pay peanuts get monkeys... you have to pay to keep good staff. yes they are being being paid more than your local estate agent and its a little bit more involved than buying a few buildings .. We are talking in excess of 4000 flats !!

Slap .. yes i would nad have bought stock at 49.5 ... put my money where my mouth is. They are still going to pay a divi . still have JV with goodman going ahead and the asset mgmnt side is doing well. So once again slap do some more homework .. I doubt they wioll stay here for long. As i said, short term hit .. LT BUY BUY BUY

[moogies] 28/11/2007 10:54

"Speymill, the property manager, fell 20p to 50¼p following its profit warning after the market closed on Monday over investments in Macau and Germany. Dealers said that the company was being punished too much and the shares should recover."

[slapdash] 28/11/2007 10:28

this whole company is based on greed... massive hedge fund fees for buying a few buildings somewhere in Germany... that seemd ok as long as shareholders got the rewards but the management appear so greedy they are taking the reweards for themselves....

these kind of actions are shambolic and I think will lead to a slow decline of the company... would you buy these shares now knowing what you do?? I thought not so they are screwed and I think activist investors might just chuck out the present management..

Slap

[spaceparallax] 28/11/2007 10:08

I think that SYG definitely have a future and that the reaction to the TS is probably overdone. We'll have to await next results to gain a clearer picture.

[bugs22] 28/11/2007 09:47

Redrenault - long term, on a permanent basis the employee renumeration scheme will massively adversely affect earnings and hence the cap value. Thats not cricket!!! its shareholder robbery. Prehaps you would like to enlighten us why you consider it prudent for shareholders?

[redrenault2] 28/11/2007 09:02

slapdash .. you talk tosh ... have you actually read the release.. they are being prudent for the shareholders .. holding back waiting for the market to settle, true short term it will effect earnings but this will be more tnan made up in mid /long term. if you want a trading stock go for Vodafone.. spacepara - well you should have locked in some profits.. thats a scholoboy trading error .. and that t1ps note giving out someones direct number and being so personal .. its not quite cricket ...

[slapdash] 27/11/2007 23:34

anyone who thinks this has a future should look at the share price of SDIC... one of there listed investment vehicles.. was about 1.39 on 17th Oct and today is 0.89.... says it all slap

[spaceparallax] 27/11/2007 14:28

Sadly, I'm back to my entry price of 13 months ago. ....and it was all looking very nice until a couple of months back!

[leoleo73] 27/11/2007 13:48

It is complicated, but basically, a UK taxpayer holding shares directly would have to pay an additional 10% income tax on IOM dividends compared to UK dividends. There is a hassle factor too. SIPPs and ISAs (where applicable) aren't affected.

There is an explanation of UK dividends here:

And foreign income here (note: there is no withholding tax on IOM dividends).

[greenroyd] 27/11/2007 13:35

The bonus scheme takes such a chunk out of the profits it would have required a profits warning on its own !

[short1] 27/11/2007 13:07

leo I do not know what you mean by tax credit please explain?

[leoleo73] 27/11/2007 13:00

Re tax: There is no tax credit on IOM companies so depending on how you hold the shares the move may not help.

[short1] 27/11/2007 12:54

The move to to IOM seemed a very good move as the tax position was nil but the
bonus scheme seems to have replaced it and so the position is neutralised