Share Name Share Symbol Market Type Share ISIN Share Description
Springfield Properties LSE:SPR London Ordinary Share GB00BF1QPG26 ORD 0.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 105.00p 100.00p 110.00p 105.00p 105.00p 105.00p 214,680 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 140.7 9.2 10.0 10.5 88.03

Springfield Share Discussion Threads

Showing 226 to 247 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/9/2018
16:29
Many thanks, much appreciated.
trustman
18/9/2018
13:51
A development with structural issues. I didn't make a note but will try to discover. Will contact off board if I've any success.
jonwig
18/9/2018
13:26
Good results, attractive dividend. I suspect margins artificially depressed by Redrow rump sales-where they shared proceeds but didn't pay capital as far as I recall. I expect to see margins lift this year. Can you please remind me what spooked Jimarilo? Thanks,T
trustman
18/9/2018
07:55
Their annual results are out today: https://www.investegate.co.uk/springfield-props---spr-/rns/annual-results/201809180700140471B/ Their gross margin is 15.7%, yet larger UK housebuilders seem to have much larger GMs (CRST, poorly-rated over 30%). Is it the affordable housing which depresses them? But that has the advantage of being more stable income.
jonwig
22/8/2018
18:59
Maybe I've misread it then jonwig, many thanks for putting me right. I don't hold yet but it is certainly an interesting company. I particularly like the fact that the senior management hold most of the shares so have a definite vested interest and though there is little information so far, earnings and profits seem to be going in the right direction. With a prospective yield around 5% and little appreciable risk that I can see, it may be a sound investment for the long term for my ISA. Thanks again for your help.
warranty
20/8/2018
18:56
@ warranty - they haven't yet produced annual results: do you have the right company? In the recent acquisition document (May) they say "... it intends to pay a final dividend per Ordinary Share in respect of the year ending 31 May 2018 in line with previous expectations." For information, I sold after the exchange here with Jimarilo. Unfortunately he removed the posts and foolishly I didn't keep a record.
jonwig
20/8/2018
18:32
Interesting and growing company this but does anyone know why they didn't choose to pay a final dividend? I can find confirmation from the annual report that they didn't intend to but can't find any reason why?
warranty
16/7/2018
11:22
the answer is never buy a new house
ntv
16/7/2018
08:22
someone didn't like these posts, so I have removed them
jimarilo
16/7/2018
08:05
@ Jimarilo - OK, thanks. When researching property companies, I tend to look for web comments about housebuilders. Some are full of negatives (Keepmoat maybe the worst, but Persimmon figures, too). I found relatively few for SPR, and didn't find this one of course (as it's dated post-IPO). Basically, what I'm saying is that these are sector-wide risks and an occasional bad experience shouldn't negate the investment story. Actually, one potential problem with SPR did cause me to pause when investing: asbestos at Milton of Campsie. I went ahead despite this.
jonwig
16/7/2018
07:37
Trading update: Https://www.investegate.co.uk/springfield-props---spr-/rns/trading-update/201807160700056681U/ Not often we get ones which are wall-to-wall good news! @ Jimarilo - well, thank you for that, but a web search suggests you're the only one in possession of this knowledge. Can you provide corraborating evidence? After all there is lots of 'fake news' around. Presumably that's your own picture.
jonwig
01/6/2018
08:05
The new NED appears to be a specialist in business expansion. Appropriate, I think.
jonwig
22/5/2018
17:18
Here's a turn-up - funds controlled by George Soros (SFM UK, etc.) have taken 6,545,189 shares (6.79p).
jonwig
02/5/2018
20:12
Haha - living up to the name is a challenge tho! Quiet board here...think this will do really well once it gets on the radars of more private investors and institutions. Potential for significant growth and growing income so should attract both traders and investors.
m1das_touch
02/5/2018
09:57
Well done - good username there! yes, it's unusual to be able to get in ahead of a mark-up.
jonwig
02/5/2018
09:37
Topped up on that news...fortunately before the price ticked up :)
m1das_touch
02/5/2018
09:07
Placing and acquisition of Dawn Homes: https://www.investegate.co.uk/springfield-props---spr-/rns/acquisition-of-dawn-homes-and-placing/201805020900028219M/ Placing price (£15m) of 120p shows confidence. Earnings enhancing and current trading strong. Looks great to me. Did the news leak a few days ago?
jonwig
21/3/2018
15:15
@ johnsoho - yes, I think so. I wish I'd bought more when I did! Key things: a top class management team and Scots not English housing policy, where they are much involved in affordable. There's a niggling asbestos-related claim which I mentioned earlier, but decided to buy nevertheless.
jonwig
21/3/2018
13:53
I think these look to be good value at £1.20 per share so have purchased my first tranche.....hopefully it’s onwards and upwards from here!
johnsoho
20/2/2018
07:54
H1 reults. Outlook: "Looking ahead, we have entered the second half of our financial year with a strong order book of contracted revenues and, together with sustained market drivers including a supportive Scottish Government policy, Springfield is poised to play a significant part in the delivery of the many new private and affordable homes needed across Scotland. As a result, the Company anticipates revenue and profit for full year 2017/18 to be 5-10% ahead of market expectations." Previous expectations (Singer, Dec 2017) were for eps of 8.6p, so maybe 9.1p now, giving FY PER of 12x. Further eps growth pencilled in for 2019, 2020. I see gross margins are higher in affordable than private, which I found surprising, but may be down to special factors.
jonwig
02/2/2018
07:08
"Springfield Properties (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, will be announcing its interim results for the six months ended 30 November 2017 on Tuesday 20 February 2018."
jonwig
01/2/2018
12:59
The crackdown threats issued yesterday about undeveloped land banks should be irrelevant to Scotland, where housing policy is devolved. The fact that work is done on affordables in partnership with local councils is also a steadier.
jonwig
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