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price has ticked up the last week or so - hopefully in preparation of decent YE results. Assuming YE numbers are hit even £1 a share looks very cheap
Yes poor as i think this should be published without delay, once informed.
On their website the list of shareholders is below - last update Nov 2022, although i think this only needs updating once every 6 months. BTW there are 1,951l shares in total.
Significant Shareholders Shares
M J Bending 171,220
A V Stirling 157,850
N J Cullen 133,300
J Waite 128,200
G V L Oury 84,000
J R Barker 65,500
R & V Millington 64,000
Total 804,070
Interesting that SAL have not put out a TR1 stating JW has exited completely selling his last 90,000 shares.
JW did tell his audience that he has informed the company?
I am lookinng for the guidance number of £5.5m plus and it makes a mockery of the £1.4m valuation pre cash...
TR1 arrived on 10/1 think he is out now. He has changed his investment strategy.
Now SP might get back to £1. Company is valued at not much more than £1m and revenues for 2022 should be over £5m.
Go to the Trafford Centre on a weekend and tell me retail is dying.
this was in early Feb last year so hopefully not too long to wait.
H2 is usually the best period for SAL so hopefully YE expectations have been reached and a small profit has been made.
Slightly concerned that the train strikes may have impacted H2 trading but the shopping centre business should more than offset this.
Looks like we'll be getting a TR1 from.justin soon as stock approaches 40p is my guess
Very insightful Aldebaran.
Guessing you are a top City analyst?
Looking ominous here i was right to stay away another failed Justin ramp like his latest eaas
H1 numbers (£2.4m rev) was previously announced but the details were reported today.
A solid performance but a small loss and also cash down is a slight concern. H2 appears to be main revenue period and if covid doesn't resurface things should improve - revenue guidance for the year is £5.5m so that's £3.1m for H2.
Good to see Germany back to full trading too.
What are you talking about Aldebaran - have I ever seen you post anything positive on any share board?
It is clear you have no idea what SAL do for a living, so go have your dig on the BIDS board where you have also been negative.
The SAL business model is solid revenue delivered on a low costs basis and is proven to engage the audience strongly.
Come back when your research can be relevant.
do you know what SAL do? This is completely irrelevant to what SAL do.
It's about pop up promotions at train stations and retail centres etc.
I see them at Manchester Piccadilly station regularly, and they are usually well received.
They may not be to everyone's liking but at such a low SP valuation it could do ok.
https://www.bbc.co.uk/news/business-62806697
Billboard advertising also dying. Justin Waite as picked a real dog here. He told people to avoid investing in bids who do digital advertising in video games and puts money in here. Joke
everything is relative Aldebaran - i was in centre London this weekend and it was very crowded. Turned away from a couple of restaurants as already full (and that was after the lunchtime rush!). Pubs busy and people seemed happy paying £6 plus a pint.
In Manchester the week before and the film i watched was full - on a Wednesday!
SAL has only recently provided YE numbers and i suspect these are quite conservative to factor in the impact of a recession etc.
Your experiences are not necessarily a reflection of the whole country - many people don't game or watch Disney. Just saying.
Don't by into Justin's ramps this sector is dying on its rse. Just look at cineworld people just ain't going out spending like they used to everything has changed with covid and now recession people ain't going out shopping looking at billboards n stuff. They are sat at home listening to podcasts watching Disney TV and gaming. That is were growth is that is where opportunity is.
This is cheap for a reason don't be fooled
H1 trading update was quite positive. Revs at £2.5m was double this time last year and YE revenues of at least £5.5m (was £4m in 2021) seem a little conservative, assuming no covid impact.
Would have liked some mention of EBITDA/operating profit, however, based on full year it should be well above the £200k operating profit reported last year.
Either way based on say 1 x revenue or 10 X PBT (both very conservative) the current valuation looks very low.
https://news.sky.com/story/cost-of-living-retail-sales-fall-to-rate-not-seen-since-depths-of-pandemic-as-inflation-bites-12650361
This has a low valuation for a reason IMO
Justin is just a ramper lol. He's sliced everything and brought eaas now he just said on his podcast. Guy is all over the shop.
as per RNS late May JW has increased his position to over 6% from over 5%. This is a positive and it is all pretty transparent. If he reduced his holding it would be RNSed so you would know within a couple of days.
If he want he could have bought 2.99% in both his name and the same in his wife's (so 5.98% in total) and never had to declare an interest - just saying.
Logically, yes he would and I guess one could argue why would he or any shareholder sell unless the business growth slows or stops?
I am a small holder here and to date I like the opportunity.
Difficult market as we know but share price holding fairly well.
He would put out positive vids though wouldn't he. Until his sold his position
I am guessing that 'bending ma' may be Justin W... as he recently announced a stake above 3%.
Not sure he is selling given he is still putting out positive vibes?
Bending man?
Sorry a bit emotional there he is the ex cofounder so we have him to thamk really. maybe he won't sell
The Bending man is definitely selling into this rise wish he would just get out and let this rocket
Pretty happy with that
Hint of a dividend if things continue, costs really controlled, we made a much bigger gross profit cost of sales significantly down on increased revenue which is rare
Operating profit and cash generative, BoD would like to pay a dividend you can see but of course have to be careful, global situation is difficult at the moment and we dont know if restrictions will return next winter, they probably wont be since we haven't had a full restriction free year, being cautious is the right thing to do
If they can get those revs up to previous levels with the current balance sheet we should be looking at an EBIDTA of over £1m+ PA which would likely pay a nice dividend of between £250K and £500K - for a £2.8m MCAP stock that would be extremely appealing to the wider market and I suspect we would see some serious interest, short term target remains at £5m MCAP then review, but strong enough update to hold for another 6 months and await the next set of results
Well done BoD!