UK 01:22 Thursday, 24 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having announced in June its selection by Network Rail as preferred bidder for the Concourse Exhibitions, Events & Distributions contract, 71.5p per share July share tip SpaceandPeople (SAL) has now announced the signing of the five year contract, sending its shares currently more than 12% higher on the news to 86.5p.
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Comments
Paul Scott
Indeed, it’s great to see SAL recovering from its difficulties last year (I’ve held the shares continuously for approx. 3 years, so am finally back to breakeven, but in profit when divis are included).
One thing to bear in mind is that, chastened by the 2014 profit warnings, management are now instructing brokers to prepare forecasts on highly conservative assumptions – i.e. they don’t include any additional contract wins, and assume that existing contracts which come up for renewal are lost. Therefore, broker forecasts should be seen as the worst case scenario, and in reality we should expect them to thrash these forecasts in 2016 & 2017 in particular, once the Network Rail contract has come in.
They’re good, entrepreneurial management, well worth backing in my view, despite the hiccups last year – it goes with the territory with micro caps I’m afraid!