Springfield Properties Share Discussion Threads

[scotches] 20/12/2022 09:35

Directors topping up at the current lows.

[jimarilo] 15/12/2022 22:36

saying drivel is drivel

do you do more than one word at a time ??

[warranty] 13/12/2022 18:51

I think everybody anticipated tough times for at least the next twelve months so really no rush to buy and HB stocks at the moment which may appear cheap but probably will get even cheaper yet. Obviously if SPR aren’t selling houses they won’t be paying a dividend so expect that to be cut or shelved as well in the forthcoming results statement.

[mr hangman] 12/12/2022 10:41

Thanks for that Jim, Best stick to Exploration stocks

[c3479z] 12/12/2022 09:54

rent freezes have the opposite effect in the medium term to that intended by driving up demand for fewer available properties>

[bulltradept] 12/12/2022 07:48

80p anyone?

[spob] 27/10/2022 09:51

and almost 16p dividends forecast for the next two years

gives approx 22% total yield in the next 2 years from right now at the current bargain price

[spob] 27/10/2022 09:41

final ex dividend next week

4.7p

[swiss paul] 11/8/2022 18:48

RNS Number : 7610V
Springfield Properties PLC
11 August 2022
Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland delivering private, affordable and PRS housing, announces that Michelle Motion, Chief Financial Officer of the Company, and Michael Holm, husband and PCA of Michelle Motion, today purchased, through respective ISAs, a total of 25,000 ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares") at a price of 134 pence per Ordinary Share.



Following these transactions, Michelle Motion has an interest in 127,5261 Ordinary Shares, representing approximately 0.1% of the issued share capital of the Company.

[trustman] 01/8/2022 15:10

Bit more life.....Year end (May) figures soon?

[18bt] 29/6/2022 06:43

Tip update by Russ Mould in today's Telegraph

[swiss paul] 28/6/2022 20:55

Eh up -= do we see movement?

[martke] 22/6/2022 16:45

(Sharecast News. 22.6.22) - Housebuilder Springfield Properties has agreed to acquire the Scottish housebuilding business of Mactaggart & Mickel Group for £46.3m.
Springfield said on Wednesday that it will pay £10.5m in cash upon completion, while a deferred cash consideration of £35.8m will be paid proportionally as homes are sold over the next five years.

The acquisition will be funded from Springfield's internal resources and existing debt facilities with the Bank of Scotland.

Springfield highlighted that the acquisition was expected to be earnings enhancing in the current year ending 31 May 2023.

The AIM-listed firm added that it expects to report results in line with market expectations for the year ended 31 May 2022, with "good revenue growth" and a "better-than-expected" reduction in net debt to roughly £39.0m.

[swiss paul] 09/6/2022 19:04

Nope Spob, its continued falling ever since you had your dose of optimism

[spob] 07/3/2022 20:01

No worries. Their value will keep rising in the meantime

[jimarilo] 07/3/2022 09:33

Soon all building sites will come to a grinding halt

[km18] 22/2/2022 13:44

Springfield Properties posted its Interims this morning and business has been solid, although down from bumper COVID-boosted H1 2021 numbers. As Innes Smith, CEO observed, "This was a strong period for Springfield. We continued to experience high demand across the business and our total order book grew to a record level.” Revenue was down to £87.3m in H1 2022 from the £94.4m recorded in H1 2021, but these H1 2021 results reflect additional sales from completions rolled over due to COVID-19. Profit before tax was £6.2m, basic EPS 4.93p and the interim dividend was raised to 1.5p.

The business has "entered the second half on track for strong growth for FY 2022 in line with market expectations”, which if delivered would equate to around 15% top-line growth and over 37% bottom line growth. This is pretty impressive for the homebuilding sector. Valuation is also cheap with forward PE ratio around 8 and PS ratio of 0.8 top third for the sector. Growth and a reasonable price. The share price has been trading sideways for 12 months now, so lacks momentum. This is perhaps the main near term cloud for the share, but otherwise the business is solid and the share is an attractive BUY....

..from WealthOracleAM

[aldriglikvid] 26/1/2022 11:00

According to the CEO:

30% of ASP is Materials
30% Labor
20% Land
20% Profit


ASP increase will far, far outpace Materials and Labor. Always have.