Springfield Properties Share Discussion Threads

[jonwig] 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.

[m1das_touch] 02/5/2018 09:37

Topped up on that news...fortunately before the price ticked up :)

[jonwig] 02/5/2018 09:07

Placing and acquisition of Dawn Homes:



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.

[johnsoho] 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!

[jonwig] 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.

[spob] 12/1/2018 00:54

Admission doc

[jonwig] 09/1/2018 10:55

After some dithering I bought a few this morning.

There's a warning in the prospectus which probably amounts to nothing but caused a bit of hesitation. Removal of asbestos, pp33-34, p109.

[douglas fir] 03/11/2017 22:33

hxxps://www.springfield.co.uk/investor_relations/securities_information

[trustman] 18/10/2017 09:52

Market cap looks wrong in Fundamental Data; there are over 82m shares in issue, and I suspect a wider audience awaits when this crosses #100m market cap.
This looks like a conservative steady grower to me with a decent yield for an AIM stock.
Will watch with interest.

[stuart14] 16/10/2017 09:19

!FOLLOWFEED

[juicin drumroll] 06/2/2015 11:27

Drummond changed the name of Gaming Corp at least once, to Media Corp (MDC). It's his MO.

It's also a very interesting ADVFN thread to read. Caveat Emptor.

[moreforus] 06/2/2015 07:24

6 February 2015


C A Sperati plc

("CAS" or the "Company")


Change of Name

Further to the announcement made by the Company on 3 December 2014, the Company is pleased to announce that it has now changed its name from C A Sperati plc to Teathers Financial Plc.

In conjunction with the change of name the Company has changed its TIDM to TEA and its website address to www.teathers.com with immediate effect.

[theshareguru] 06/2/2015 07:07

7am now teathers

[moreforus] 06/2/2015 06:57

lol no TEA leaks then Mr 5k gbp buyer ....

[drmaccers] 05/2/2015 22:58

@jkd7477: #SPR about to become #TEA the future is bright!! + 10X sugar and milkAbout to become #TEA, 7am rns?

[moreforus] 05/2/2015 12:23

looks like mms called a mate to fill the buyer

3.25p mere mortal buyers

[drmaccers] 05/2/2015 12:21

Nice northwards volume again

[moreforus] 05/2/2015 12:17

and 171,940 at 3.25p???

someones loading up fast

[moreforus] 05/2/2015 12:16

3.5p paid! for small!