Springfield Pr. Share Price (SPR)

Another tranche of plots sold? Expectations of a significant reduction in loan interest rates?

Low volumes so far, so I won’t get too excited, but I’m certainly enjoying the spike.

Innes Smith, CEO, Iain Logan, CFO and Martin Egan, COO of Springfield Properties hosted an Investor Presentation where they discussed highlights of their Interim results (period to 30th November 2023).

The team talked through the decision actions they have taken to strengthen the company's position and commented on current trading being in line with market expectations. Management provided a detailed Financial Review and insights into the Scottish housing market. They also answered a wide range of questions from the viewing audience.

The full video is available below and has been divided into chapters for ease of viewing:

0:00:03 Introduction & Summary of key points

0:03:20 Financial Review

0:08:40 Large, high-quality Land Bank

0:11:31 Operational & Strategic Review (Private Housing, Affordable Housing, Build quality)

0:15:52 Housing market in Scotland

0:24:37 ESG: Environment and People

0:25:07 Conclusion

0:26:23 Questions & Answers

Link to video: https://www.equitydevelopment.co.uk/research/investor-presentation-interim-results-february-2024

oh, and of course equity development and progressive research dare not talk ill of the ceo because he pays them to push this dog**** to retail investors.

- They bought another company for £40m when inflation/rates were rocketing which means the CEO is an absolute moron and knows nothing about basic macroeconomics. Now they have to reduce debt even though they just took debt on last year. Acquisition was way too big as well. CEO was saying 'It gives us easy access to more land bank', now they are selling it off lol.

- WAY too much cash tied up in a huge land bank and now they are forced to offload it at discounted prices.

Tell me when the entire C-Level team has been removed, until then I'm not touching this with these fools running it.

You paint a very rosy picture 😉

Can you disclose any direct or indirect interest you have in Springfield