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Bet they wish they’d of held a little longer.

Approx. £1.4 million buys gone through this morning. Director buys maybe?

Whoosh …. Gold back down again.

I’m guessing 2000 on it’s way which is next support level and where I’d like to add.

That is my favourite quote. Love Monty Python!

Well done Pedro, your the best. So wise and helpful. I do hope everyone gives you the praise crave.

Longer term yes. Short term no is my view. Currently the sp is at the bottom of a daily and weekly trend lines so it is a good place to buy. It could still go lower so buying some now and keeping money back to buy on possible future drops would be prudent. There are obviously problems affecting this sector but boo is still growing with plenty of potential still. 150p is a level of very strong support I would like to buy at that level but who knows if it will drop to that or not, hence buy in tranches. Ultimately it is the individuals decision to buy or not and I would not buy on what is posted on these boards. What I have learnt over the years is negativity is always the worst when the sp has dropped a lot.

Liberum upgraded their target price today by 1p to 36p. I'll settle for the old target price of 35p.

Liberum have raised their target by 1p to 36p. I’d be quite happy with just 35p.

Back on 27/04/2020 the share price gapped up on the news that a big order had been placed by a company in China. This was not long after the increase of hand sanitiser sells shot through the roof. The sales of hand sanitiser have returned to normal levels and the Chinese order turned out to be a flop. The sp has now returned to the level it was before this news and has filled the gap.
There is strong support at this current price but the confidence and trust in the bod has been lost. At this price it would be a good place to buy in with a small amount and add if it drops further. But it is still a risk and with confidence in the bod gone, it would be prudent to wait on a change of direction in the sp. It could take a long time for the sp to turn around and several results to be published.

The bod hold about 4-5% still. Allergy they had to sell to keep certain II’s in the mix. It was one of the conditions. They also was a condition that they could not sell more within a 2 year period but that doesn’t mean they can’t buy more unless I’m a closed period. I still think this will go a little lower still.

Yep, good results and back to profit making. Sfe are still 50% down on all time highs of installations but Zeus Capital see no reason for order books to eventually get back to the levels.
Possible reinstate of a dividend or a share buy back shows the bod are confident the business will continue to grow.
Second half is not expected to be as good as cost keep rising but they do expect to hit the forecast as a minimum.
All in all, recovery in getting back to profit has been achieved and next target of growing business to get back to 2014 levels of installation makes sfe look attractive and cheap.
Yesterday’s the sp dropped but showed a good bounce back from the strong support at 50p. Need the sp to break 60p and start the reversal again.

Interesting that the mining sector is down on Chinese news but spot gold is up today.

Well the gas price fiasco has knocked this down further. I'm betting this will turn out ok in the near future and took advantage of the low price here where it is hitting strong support. May see a slight drop but as long as the support holds 200p should not be broken. Plenty of positives here still, including a possible takeover while the price is subdued.

Always a good sign.

I'm expecting the sp to reverse now in the run up to the ex divi date and beyond. Even a rerate to 30p would still be cheap.
With a P/E of 4 it's either amazing value or you run to the hills. With these results, beating forecasts in production, profits and reducing debt the company is certainly not in a decline and no running to the hills is necessary.
Very happy to of been able to double up the other day at 16p.

That’s an incredibly low carrying value for a 15,281-plot land bank. To put it into some perspective, the sale of 200 plots of land to two national housebuilders at the end of the financial year accounted for majority of the £15m increase in other income Springfield booked in its accounts. Moreover, with interest rates at record lows, and private housing demand outstripping supply, then both house prices and land prices should continue to trend upwards.

ensibly, Springfield continues to invest in its strategic land bank, acquiring 150 hectares of land at a site at Newton Grange in Edinburgh’s commuter belt for the development of 1,000 new homes. The strategic land was purchased for a bargain basement £2.6m, and that includes a farm house, too. A train station takes commuters to the city withing 15 to 20 minutes, so the location is ideal. The directors can continue to to do so as net debt was slashed last year from £70.9m to £20.8m, so balance sheet gearing is only 19 per cent.

Importantly, shareholders are being rewarded as the dividend has been raised from 2p to 5.75p a share including a final dividend of 4.45p, the pay-out covered 2.5 times by underlying earnings per share (EPS) of 14.4p. Analysts at Progressive Equity Research expect a dividend of 6p a share in the 2021/22 financial year, so the prospective dividend yield is just shy of 4 per cent. The estimate is based on EPS of 14.8p which factors in 1,057 completions with a higher weighting to affordable housing in the mix. Adjusting for the aforementioned land sale, Springfield’s underlying pre-tax profit is forecast to rise by 12 per cent in the current year. There’s certainly scope to make further land deals, but analysts have not factored them into their estimates.

Springfield’s robust trading prospects, solid asset backing and potential for both earnings and dividend growth were key reasons why I included the shares, at 135.6p, in my 2021 Bargain Shares Portfolio. The investment case is even stronger now given the high level of the group’s forward order book, and scope to release substantial hidden balance sheet value from land holdings. Analysts NAV estimates of 117p (May 2022), 128p (May 2023) and 144p (May 2024) only factor in the net profits retained after dividend payments (6p in 2022, 6.8p in 2023, and 7.5p in 2024), further highlighting the progressive value accretion for shareholders.
Importantly, Springfield also ticks the right boxes with its ESG credentials. Around 90 per cent of homes are timber built and utilise in house manufacturing, and half use environmentally friendly air sourced heat pumps. This gives the group a competitive advantage over rivals looking to adopt such build practices.
Priced on around 10 times earnings, offering a near 4 per cent prospective dividend yield, and rated on 1.3 times forward book value, the shares are modestly rated for a company that is forecast to deliver 29 per cent EPS growth over the 2022-24 forecast period. Target 220p

Annual pre-tax profit rises 81 per cent to £18.5m on 51 per cent higher revenue of £216m.
973 properties completed, 33 per cent higher than in 2019/20 financial year.
Record affordable housing order book of £91.5m.
Scottish house price inflation 11 per cent in 12 months to 31 May 2021.
Springfield Properties (SPR: 153p), a housebuilder focused on developing a mix of private and affordable housing in Scotland, flagged up its buoyant trading performance in a pre-close trading in early summer when analysts upgraded their full-year pre-tax profit estimates by 20 per cent on record levels of revenue (‘Exploiting margins of safety’, 1 June 2021). Importantly, the strong momentum has continued into the new financial year.

Springfield’s affordable homes division delivered 380 completions in the 12 months to 31 May 2021 and lifted its revenue contribution by almost 30 per cent to £55m, accounting for 25 per cent of the group total. The unit has a record order book of £91.5m for delivery over the next two years, significantly de-risking sales visibility. Ongoing projects include the construction of 104 affordable flats at The Wisp, Edinburgh with PfP Capital, and 144 homes at Dalmarnock, Glasgow for West of Scotland Housing Association. The two contracts have a combined value of £36.7m excluding follow-on work on a further 132 homes. The Scottish Government has earmarked almost £3.5bn for affordable funding through to March 2026, supporting demand for Springfield’s 4,200 plot strong land bank which has a gross development value (GDV) of £542m.

On the private construction side, completions surged 41 per cent to 593 homes at an average price of £244,000. Springfield’s 11,078 plot land bank has a GDV of £2.6bn of which more than half has planning consent and a further 24 per cent is in the planning process. The group acquired 603 plots in the year to replenish the sold plots. It makes sense to do so at this stage of the cycle given that house prices remain buoyant, rising by 11 per cent in Scotland in the year to 31 May 2021. Springfield’s private homes are proving highly desirable to house hunters, being more spacious and offering gardens and greenspaces. Such is their popularity, that 99 per cent of all homes at Springfield’s Villages have been sold, reserved or are under contract. These are standalone developments close to major cities such as Perth, Dundee, and Elgin. Around 25 per cent of all private completions were from Villages in the 2020/21 financial year, and they could account for around half in the new financial year.

The investment case is de-risked even further when you consider that Springfield’s private land holdings are significantly undervalued in its balance sheet. The group’s latest net asset value (NAV) of £111m (109p a share) includes inventories (land holdings and work in progress) of £157m.

Sorry, but I've got to ask, why the hell is this priced so high?
Forecast to make a loss of nearly £30m this year before returning to a profit of £7.6m in 2022.
Gross debt of a staggering £372m giving GYM has an enterprise value of £860m vs the market cap of £488m.
And now yesterday a bod selling £1.4m worth of shares.

Wow. Loads of financial YouTube channels talking of market crashing and getting into gold and other precious metals. Not sure I’ve seen so many banging on this subject all at the same time.