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Pin to quick picksSpaceandPeople Share News (SAL)

Share Price Information for SpaceandPeople (SAL)

London Stock Exchange
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Share Price: 85.00
Bid: 80.00
Ask: 90.00
Change: 2.50 (3.03%)
Spread: 10.00 (12.50%)
Open: 82.50
High: 85.00
Low: 82.50
Prev. Close: 82.50
SAL Live PriceLast checked at -

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SpaceandPeople cancels dividend after making a loss in first half

Mon, 26th Sep 2016 11:37

(ShareCast News) - SpaceandPeople, a retail, promotional and brand experience specialist, has not offered a dividend to its shareholders for the first time during its 2005 AIM listing following a poor performance in the first half.The company has swung from recording a profit before tax of £62,000 in the previous period to recording a loss of £174,000 in the six months to 30 June 2016. The firm attributed this mainly to the one off costs experienced in the closure of its campaign planning business S&P+ in June 2016 as well as its need to invest further in the growth of its mobile promotions kiosk (MPK) programme in 2017. Despite a promising start in 2013 the firm decided it was no longer "prudent" to keep funding it, leading to a one off charge of £552,000. The firm currently had 75 MPKs in operation in the UK.The group's consolidated gross revenue also fell marginally to £11.1m in the first half from £11.3m last year. Consolidated net revenue also fell to £4.65m from £4.77m.German promotional net revenue fell 11.1% to £544k and retail net revenue fell 13.7% to £1.07m.The firm's UK promotional net revenue, on the other hand, rose by 5.4% to £1.50m and. The company's 75 Mobile Promotions Kiosks (MPKs) reported a rise in net revenue by 3.2% to £1.46m.Despite the closure the firm is constantly updating its pipeline, according to chief executive Matthew Bending, which gives the group confidence that the firm will make a recovery in the future."The development of the Pop Up kiosk concept along with the continued roll-out of MPKs and the new contracts with Network Rail and British Land means that our business has replaced the old revenue streams with new products that are attractive to both existing and new venues and customers alike," said chief executive Matthew Bending.The company has successfully started its Network Rail contract and has commenced its kiosk pilot in France in January 2016.Loss per share came to 2.96p compared to earnings of 0.06p in the previous period. The share price fell 29.37% to 27.90 at 1151 BST on Monday.
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11 Sep 2014 14:35

Spaceandpeople warns on profits

Retail ‘experiential’ marketing group Spaceandpeople (SAL) warned on profits as it published interim results early, after a challenging period where trading was slower than anticipated. The AIM company was also hit by several one-off costs and delays as well as seeing its UK promotions b

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11 Sep 2014 14:33

DIRECTOR DEALINGS: SpaceandPeople Finance Director Buys 10,000 Shares

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11 Sep 2014 12:05

UK MIDDAY BRIEFING: Next Profits Up Again, But Shares Drop

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11 Sep 2014 11:14

UK WINNERS & LOSERS: Financial Stocks Recover On Plans To Head South

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11 Sep 2014 07:43

SpaceandPeople Issues Another Profit Warning As Trading Falls Short

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11 Sep 2014 07:29

UK MORNING BRIEFING: Morrisons And Ocado Lead Firm London Market

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25 Apr 2014 10:31

DIRECTOR DEALINGS: SpaceandPeople CEO Buys Shares

LONDON (Alliance News) - SpaceandPeople PLC Friday said Chief Executive Matthew Bending bought 6,700 shares at a price of 72.6 pence per share Thursday. Following this transaction, Bending now holds 2.1 million shares, which represents 10.77% stake in the firm. Shares in the marketing

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24 Apr 2014 07:41

UK MORNING BRIEFING: Unilever, AstraZeneca Suffer Weak 1st Quarters

LONDON (Alliance News) - UK shares have opened higher Thursday following strong results reported by US technology bellwethers Apple and Facebook overnight.

A number of major UK companies also reported early Thursday, but with a less positive tone.

Unilever Read more

17 Apr 2014 13:43

SpaceandPeople shares collapse after early profit warning

AIM-listed SpaceandPeople saw its share price sink by over a third on Thursday after the retail, promotional and brand experience specialist issued an early profit warning, saying that profits would have be half the amount analysts were expecting. The group said it has experienced a 12% shortfall i

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17 Apr 2014 11:35

SpaceandPeople Shares Slide As It Lowers 2014 Forecast

LONDON (Alliance News) - Shares in SpaceandPeople PLC dropped 29% Thursday after it lowered its forecast for 2014, citing issues in its UK and German promotions and retail businesses. The company lowered its profit forecast by GBP1.4 million to GBP1.5 million, including one off costs of GBP

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1 Apr 2014 09:39

Tuesday broker round-up UPDATE

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24 Mar 2014 12:04

SpaceandPeople Revenue Rises In 2013; Ups Dividend By 17%

LONDON (Alliance News) - SpaceandPeople PLC Monday raised its dividend by 17%, as revenues and profits rose in 2013, driven by an increase in its client base and a strong performance from its German retail business and UK promotions business. The retail, promotional and brand experience spe

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24 Jan 2014 16:25

Vedanta's Anil Agarwal ramps up stake, again

In an announcement made after the close of trade on Thursday, Vedanta Resources announced that Executive Chairman Anil Agarwal had once again added to his already gargantuan stake in the mining behemoth - marking his second purchase of the week. The transaction came the same day he told his Twitte

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24 Jan 2014 10:52

DIRECTOR DEALINGS: SpaceandPeople Non-Executive Sells 85,000 Shares

LONDON (Alliance News) - SpaceandPeople PLC Friday said non-executive Director Maurice Helfgott sold 85,000 shares at a price of GBP1.325 per share Thursday. Following this transaction Helfgott holds 40,000 shares, representing about 0.2% of the total issued share capital. Shares in

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24 Jan 2014 08:43

SpaceandPeople Expects 2013 Profit To Be In Line Boosted By New Clients

LONDON (Alliance News) - Media and retail solutions specialists SpaceandPeople PLC Friday said it expects pretax profit for the year ended December 31, 2013 to be in line with expectations, as it expanded its client base. In a pre-lose trading update ahead of its results in March, the firm

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