Springfield Properties Share Discussion Threads

[aldriglikvid] 27/10/2021 10:44

It's a terrible mistake to jump out of this one because of higher construction costs. Please listen to the last call and you'll understand that construction costs are not even 30-40% of the total price to the consumer, hence it's not 1:1.

hxxps://www.scottishlegal.com/article/registers-of-scotland-house-prices-up-16-per-cent-in-a-year


The price increases for houses will far, far outpace costs.

[tomps2] 15/10/2021 08:54

Springfield pitched to Fund Managers in the PIWORLD Sell it to the City. Listen to the pitch here at 18m.

Video link:

Podcast:

Further, please vote based on the pitches!

Vote for the company
Vote for the pitch

[paulo435] 12/10/2021 14:58

To me there’s too many supply chain problems at present and massive increases in costs - the sales values can’t keep absorbing that. Also labour is a real struggle and tradesman availability across the piece. I’m out for now here and will sit on the sidelines to observe. The industry in general I am referring to, not specific info on Springfield. It’s put me off however.

[aldriglikvid] 12/10/2021 13:09

The latest investor meeting is available here (video): hxxps://www.progressive-research.com/events/ and here (PDF) hxxps://wp-perl-2020.s3.eu-west-2.amazonaws.com/media/2021/09/27154115/SPR-Progressive-Mello-Presentation.pdf

[aldriglikvid] 22/9/2021 13:05

I was unable to listen in yesterday. What were the main takeaways?

[gn100] 21/9/2021 22:49

I accept all the very good figures and I realise that no one will have a justifiable answer but the question in my mind is why has the share price remained static for some time? I refrained from asking this during their presentation because the answer would have been a lot of flannel but the question still is there in my mind. Having said that and on balance and because I rely on the figures I added to my position.

[tole] 21/9/2021 17:33

https://www.fool.co.uk/investing/2021/09/21/3-cheap-stocks-to-buy-with-3000/Another bargain UK shareSpringfield Properties is another cheap stock I have my eye on today. Not only does the Scottish housebuilder trade on a low price-to-earnings (P/E) ratio of 10 times for the current fiscal year, its forward dividend yield sits at a chubby 4%.Recent GDP numbers suggest the British economic recovery's cooling sharply. This is a worry for Springfield Properties as it could affect home sales in the short-to-medium term. That said, Rightmove's latest study showing average property prices rise 0.3% in September has soothed my own concerns somewhat. It shows that housing demand continues to outstrip supply in the UK. It's a phenomenon I expect to live on too as interest rates will likely remain below historical norms.

[melloteam] 20/9/2021 00:50

Springfield Properties will be presenting at the Progressive in conjunction with Mello Events ‘Introducing you to new Investment ideas’ webinar on Tuesday 21st September at 3-5pm. The virtual conference will provide you with the opportunity to hear from the management teams of four very different companies.
The event is free and you can register here:

The programme is as follows:

3.00pm – 3.25pm: Forterra
3.25pm – 3.50pm : CEPS
3.50pm – 4.15pm: Kape Technologies
4.15pm – 4.35pm: Alyx Wood
4.35pm – 5.00pm: Springfield Properties

[spob] 19/9/2021 18:52

doubled my holding here last week

[tole] 19/9/2021 14:57

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-kape-technologies-sthree-and-mp-evans/Springfield Properties (LON:SPR) – 200p is a good price at which to aimThe year to end May, for this leading Scottish housebuilding group, reported a 51% improvement in sales to £216.7m and an impressive 81.4% increase in pre-tax profits at £18.5m. Earnings came out at 14.41p, up 73%, and the dividend was raised 187.5% to 5.75p per share.This is a cracking set of figures that reflected the group's strong build and sales activity throughout the year, with high demand having been experienced across the business resulting in significant growth in revenue in private and affordable housing.Analyst Alastair Stewart at Progressive Equity Research sees the group's revenues rising gradually over the next three years to £283.1m by end May 2024, and profits rising to £25.2m in the same period. That would be worth 18.7p per share in earnings.Such quality growth will see the shares continue to rise in price, with 200p being an easy objective.They closed last night at 151p, offering a very good upside potential.

[aldriglikvid] 14/9/2021 18:15

ST is out with a new TP of 220p. I agree with him on that part, other than that the article lacks a punch (IMHO)

Don't overcomplicate things. This is trading at 6-7x PBT. Land bank > mcap.

[gn100] 14/9/2021 17:55

dros1. Yes, interesting. When you check their 6 month charts the SP's are not doing well at all. The odd one out is BKG that has done better, but with a bumpy ride.

[dros1] 14/9/2021 16:40

ST: Buy price target 220P

[dros1] 14/9/2021 16:35

GN100
other builders have not done better, checks on Google finance SPR against Barratt , Taylor and Persimmon for last 6 moths, SPR was the best not by much but still better than these builders

[gn100] 14/9/2021 16:18

It seems like the CEO is just steadily divesting himself of his holding.

drosi - February 2021 SA sells at 138 and now we are at 147/155. Not exactly startling share price performance when one considers the boost that most builders have had over that time. Whilst their results read well I think I could have found a better home for my money than Springfield.
The strange thing is that I find the lackluster share price performance hard to justify against their financials

[dros1] 14/9/2021 16:02

just going thru this year RNS there are quite a few directors selling which is concerning

[dros1] 14/9/2021 15:59

Sandy Adam sold 4 millions shares in Feb. this year at 138p and we are higher than this since than

[gn100] 14/9/2021 13:47

swiss paul - Simon Thompson in the IC had a target price of 220p on 1/6/21. Interesting to see his comments in due course

[gn100] 14/9/2021 13:43

And then the CEO and his wife sell 30,000 shares

[swiss paul] 14/9/2021 11:22

some selling on fact? Shame - hope it gets picked up in the IC - eiethr that or give us a divvi!

[18bt] 14/9/2021 07:05

Beating forecasts on all the main metrics.

[spob] 14/9/2021 06:38

nice results out this morn