Manager of promotional and retail merchandising space SpaceandPeople (SAL) has announced results for the first half of 2020 including “we are confident that we will be able to trade through… and emerge in a position to take advantage of the recovery”. The shares have currently responded to 4.1p, more than 11% lower!...
Previously writing on ‘retail, promotional and brand experience’ company SpaceandPeople (SAL), last month I reviewed some trading & dividend growth… so why further share price decline? – that to 11.25p. The shares are currently sliding below 5p, following “Notice of Results Update & Dividend Cancellation” and “Appointment of Executive Director” announcements…
SpaceandPeople (SAL) has updated commencing “trading during the final quarter of 2019 was stronger than anticipated in the promotions divisions” and “a multi-year agreement has been signed with Abellio to provide commercialisation activity in the Greater Anglia and West Midlands rail regions… Also, the Network Rail agreement that was due to expire in September 2020 has been extended by a further year”. The shares are currently at 11.25p – more than 6% lower on the day. Hmmm…
Promotional and retail licensing space company SpaceandPeople (SAL) has announced 2018 results and that “since the end of 2018 we have been awarded a new, multi-year contract with Hammerson in the UK, and our investment in venue development personnel is delivering a good new venues pipeline in the UK” and “as a result of the improved margins and reduced overheads across the two German divisions we are confident they will deliver a positive contribution to group cash flow in 2019”. The shares have currently responded… er, to 12p – more than 17% lower!...
Promotional and retail merchandising space seller SpaceandPeople (SAL) “is pleased to announce its preliminary results for the 12 months ended 31 December 2017”. The shares have responded 4.5% lower, at 32p. Hmmm…
Previously writing on promotional and retail merchandising space company SpaceandPeople (SAL), I sounded a note of caution in terms of German operations challenges. There’s now a “German Contract Extension” announcement…
Previously writing on promotional and retail merchandising space company SpaceandPeople (SAL), I concluded although obvious company trading risk remains, hoping the suggested value is more widely recognised, ahead of the results detail if I were a holder I’d continue to do so. There’s now a Contract Renewal and Expansion announcement. Sounds promising…
Previously writing on promotional and retail merchandising space-focused SpaceandPeople (SAL) in September with the shares at 35p, I concluded there is obvious risk – particularly with a clearly currently challenging retail backdrop and the recent past. However, the valuation and stated outlook could now tempt a small, speculative buy. I now update on the back of a trading update...
Shares in promotional and retail merchandising space-focused SpaceandPeople (SAL) are currently on the rise on the back of results for the first half of 2017…
Shares in promotional space manager and services provider SpaceandPeople (SAL) are currently 45% higher today, at 37p, on the back of a “Trading Update” announcement…
Updating on the previous announcement from SpaceandPeople (SAL), I warned that half-year results suggest it’ll be profit warning ahoy! And now…
Shares in shopping centre and other high footfall venue promotional and retail company SpaceandPeople (SAL) currently trade approaching 30% lower, at well below 30p, on the back of its results for the first half of 2016. Let’s take a look…
SpaceandPeople (SAL) has announced results for the 2015 calendar year and its management“believes that SpaceandPeople is creating a solid platform for growth and a sustainable future”. We agree and think this is not discounted in the share price.
SpaceandPeople (SAL) has updated that “trading in the second half of 2015 was in line with management expectations”, that it intends to propose a 10% increased dividend per share of 2.2p and that with an “announcement of a new relationship with British Land we have had a positive start to 2016”
SpaceandPeople (SAL) has announced results for the first half of 2015 and a pilot contract for its Mobile Promotional Kiosk with one of the largest retail owners in the French market.
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.
As is evident from the daily share chart of Spaceandpeople (SAL) over the past couple of years that shareholders of this intriguingly named company have been treated to quite a ride in terms of the share price action.
Investment Case: From around 140p, shares in SpaceandPeople plc (SAL) fell swiftly towards 60p last year following a profit warning on slower than anticipated sales. However, the final results statement for 2014 noted that “the cost base of the business at all levels has been lowered, the effectiveness of the sales team improved and a new mobile promotions kiosk product and service launched successfully. As a result, trading in the latter part of the year stabilised and also showed promising signs of growth”. This has since been followed by a positive AGM update and contract news and, at a current 80p offer price, the shares are a buy - we tipped this at 71.5p offer two weeks ago.
It would appear that it is time to celebrate as far as those long of shares in Space & People given that it has been selected as the preferred bidder on the network rail contract.
Manager of promotional and retail merchandising space in shopping centres and other high footfall venues, SpaceandPeople plc (SAL) has announced results for the first half of 2014 “challenging period for the group, with trading in a number of areas being slower than had been anticipated". It now expects full-year “profit before tax and non-recurring costs of between £800k and £1.0million and profit before tax but after non-recurring costs, of between £500k and £700k”. Is this discounted in a share price, which has fallen from more than 150p earlier this year to a current sub 50p?
Following its noon warning on the day of the Easter break that “pre-tax profits for the full year are now expected to be £1.4 million lower than previously forecast and will be £1.5 million after one off costs of £150k”, and ahead of its AGM tomorrow, the following updates on SpaceandPeople plc (SAL). This is with the shares, at 71p currently, more than 46% lower than they were before the warning and with researcher Edison having today updated.
If SpaceandPeople plc (SAL) thought that it could limit the impact of news that “pre-tax profits for the full year are now expected to be £1.4 million lower than previously forecast and will be £1.5 million after one off costs of £150k” by releasing it at noon on the day the Easter break begins, it looks to have failed. The following reviews the announcement – and the shares are already down sharply.
Commissioned researcher Equity Development has today published a detailed report on SpaceandPeople (SAL) claiming that the shares, at 147p, are worth 180p. Okay the report is commissioned but it is detailed and seems well reasoned.
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