Springfield Properties Share Discussion Threads

[brummy_git] 19/2/2020 06:22

All the latest homebuilder valuation multiples and KPIs can be downloaded from here, including SPR

[shauney2] 13/2/2020 15:41

I take it was tipped somewhere looking at the volume.

[pauliewonder] 13/2/2020 15:31

Very decent rise today :)

[frugaltree3] 30/1/2020 08:20

Agreed, very solid management team running this one and the rest of the sector seem to be reporting improving conditions so they should follow suit in Feb. Any idea why Peel has downgraded to Hold, TP150p - maybe they were turned down for the joint broker role!? Hopefully that will go to someone that signals SPRs push into the mid caps, Numis or Investec perhaps? Saw the chairman speak last summer and was sufficiently impressed to introduce to the SIPP fund. Good co with a lot to go for.

[pauliewonder] 31/12/2019 10:57

Bought some in the SIPP a few days ago. Looking at the walker homes acquisition, it looks like an absolute steel at 31m.

[18bt] 18/12/2019 08:06

Huge scheme. Should create 10 years of growth. Glad I got in earlier in the year.

[alan@bj] 17/12/2019 09:31

Bought a few (7,500) on the strength of that mention in the Tempus column in September now up just over £1,000 plus a £240 dividend. A 15% return in 3 months. No intention of selling for the time being though.

[trustman] 17/12/2019 09:15

Correction :threads!

[trustman] 17/12/2019 09:15

There is an adage that quiet threats often overlook good companies. Latest announcement sounds as if that holds good here!

[trustman] 19/9/2019 07:47

Nice Buy mention by Tempus in the Times today.
Results really were pretty good!

[trustman] 10/9/2019 16:36

Thinly traded, but another positive announcement.

[trustman] 02/7/2019 12:23

Trading update today.
Does not look too bad.
I have aholding in ISA.


Springfield Properties Expects Further Growth In Second Half

(Alliance News) - Scottish homebuilder Springfield Properties PLC said Tuesday the strong growth seen in its Private Housing and Affordable Housing divisions in the first half continued into the second half.



Springfield said the second half growth - which saw an increase in completions - was supported by a "strong" housing market in Scotland.



"In addition, management's target of improving gross margins has been successfully achieved through strong sales rates and sustained prices combined with tight cost control," the company added.



Springfield said its Village developments "progressed well" in the second half.



In its Affordable Housing unit, Springfield noted further "good progress": "For example, under its local authority framework agreement for 10 developments, the group commenced the handover of homes at one of the developments, commenced construction at two developments, and secured development contracts for another two of the developments."



"Following the acquisition of Walker Group during the second half of the year, Springfield is in a strong position, with a presence in almost all of the key geographies within Scotland. The expanded land bank has secured activity for approximately 18 years and both of the group's divisions continue to be supported by strong market drivers. Consequently, the board of directors remains confident that the group will continue to achieve sustained growth, in line with market expectations, and deliver shareholder value."



Springfield is scheduled to release its full-year results for the period ended May 31 on September 17.

[trustman] 03/6/2019 08:44

Director buying shows a bit of confidence?

[paleface1] 16/4/2019 08:27

"Without foundation" you said it

No not my comment, mine is still on the council website from the original planning application 2010. I have a vested interest as I have lived in Dornoch all my life

The evidence is abundant all round the site for those that wish to see it, I believe there is photographs of the foundations before and after they were poured

[meganxmas] 16/4/2019 08:17

So paleface1 created 15 Aug 2018. Lossieloon 7 Jan 2019. Since 24/12 paleface about 8 posts all on Springfield. Lossieloon 8 posts all on Springfield. As I say a bit transparent guys.

[meganxmas] 16/4/2019 08:01

Ha ha I guess the public comment was you and u guess was removed because either proven without foundation and or malicious. A wee bit transparent no ???

[paleface1] 16/4/2019 08:00

megan it is not for me to do your research, come up to Dornoch site, walk around back of the site and to the affordable houses and seen the fall from their back gardens down to the burn there is about a 5m drop. that is all made up ground

At the entrance to the site the ground drops off 2-3m either side of the road and where the houses are built, that is all made up ground two years ago and all built with 300mm strip foundations.

Normally this would require pile foundations or a raft .......google it

[paleface1] 16/4/2019 07:49

Looking at the council website regarding the above development there was a public comment mentioning the foundations and the made up ground of said development, looks like the comments have been removed

I guess they didn't want the buyers of those houses to hear of the type of insecure ground their homes are built on

[meganxmas] 16/4/2019 07:27

Did you get sacked ?