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Rustyroo - Hi there buddy. Nice to have someone else on here as it is awfull quiet. I am continuing my investigations on the share and looking out for any new information all the time. I reckon we will get a trading update towards the end of this month or perhaps next month. Looking at the news over the past few years the company has generally provided an update towards the end of the year. Should be good news and hopefully bring some nice movement.
Nice to see some buys going through today. The current buy price is lower than the actual price so although reported as sells they are buys. You can check yourself by trying to buy.
Buy due to the following reasons: - Effects of the recession are winding down. - Property prices are beginning to pick up again - The german market is a very solid one - Re-structuring and downsizing of the contracts business is a smart move to curb losses and make the business model stronger long term - Last report showed considerable upside: § A pre-tax loss of 6.26 million reported 31/12/2008 § A pre-tax profit of 0.65 million reported 30/06/09 - If the above is backed by the next report which I sincerely expect then this is a winner - James Mellon has a strong background and with his backing this has a lot of protection, which can be seen from his bailing out the contracts business recently by a loan offer. Summary for a strong rebound in price. Initially hoping for at least 30p by the end of the year.
Some more movement today. Looking good. Any buys are moving the price now.
Some slight movement at last. I thought it had gone to sleep. only 0.25p up but I am feeling very good about this share. any thoughts from anyone else
A massive positive note for the business in my eyes and total shock at the lack of immediate price movement. A pre-tax loss of 6.26 million reported 31/12/2008 A pre-tax profit of 0.65 million reported 30/06/09 This considerable improvement tells me that, with the continued economic market improvements together with the restructuring taking place and the recent good news from SDIC (note recent recommendation of this share suggests a new upbeat price of 0.55) , the next report in december will show further and considerable improvement in pre-tax profits. My personal verdict is that this is a very strong buy at these prices. I sincerely welcome an alternative view backed with evidence so we can all make a good call.
Latest Results from Interim 30/06/08 Turnover (£m) 35.31 EPS (undiluted and pre-exceptionals) (p) 4.52 Dividend (p) 0 0.5 Pre-tax profit (£m) 0.65 3.19 30/06/09 Turnover (£m) 24.96 Pre-tax profit (£m) 0.65 EPS (undiluted and pre-exceptionals) (p) 0.51 Dividend (p) 0 Notes: Figures from 2006 in accordance with IFRS Latest Results from Annual Report 31/12/07 Turnover (£m) 52.7 Pre-tax Profit (£m) 2.26 EPS (Norm Dil.) ( p) 3.90 Dividend (p) 0.00 31/12/08 Turnover (£m) 65.96 Pre-tax Profit (£m) -6.26 EPS (Norm Dil.) ( p) -10.86 Dividend (p) 0.50 Notes Figures from 2006 in accordance with IFRS Figures at Last Close Closing Share Price (p) 14.00 Number of Shares in Issue (m) 58.31 Market Capitalisation (£m) 8.16
Looking forward to your view on Speymill Plc - SYG and also SDIC. Thankyou for all your time and effort in helping others.
http://www.speymill.com/ir/syg/pdf/Half_yearly_Results09.pdf Considering I have topped up again I thought it best to start doing some re-reading and additional research. I have also emailed investor relations with regards to a few questions. Will keep you informed if they come back with anything useful
Hi Mate, I spoke to my brother regarding Plethora and he reckons it is a very very good share and I put in an initial investment in. They have cleared the debt by selling licences to one of their drugs but they have more products also and will get royalties. Speymill isn't doing as well as I had hoped but am keeping the faith on this one.
Hi Redarrows, Can you let me know your personal view on Speymill Group (SYG). I respect your opininon and it appears you know alot about the commercial property market. Your thoughts would be greatly appreciated.
I have to say I totally agree that this stock will move places. In the short term it may go back and forwards but long term looking at a year and beyond this is a winner. I don't have any money invested but I have plenty in Speymill which is a similar play. Looking to double my money there.
I am keeping the faith on this one to come good. I have added to my holding today. Hope it goes well for u all too.
I really thought this would move quite strongly today after a return to profits for the group. Why it is 1p down is shocking. Either way proves the company is doing well and I will be buying more if it drops.
http://www.speymillmacau.com/pdf/interim_report_2009.pdf fjp73 - Let me know your thoughts on this please
I totally respect what you say and will bear in mind your advice. I will not mention here on in the amount of holding that I have in the hope that the conversation can be more fruitful. I will look into this loans issue. Thanks for the heads up
You seem like a very level headed person which I respect. What are your views on this share and where do you think the price will be in the coming months?
I already had £10000 worth from before trying again over the past few days. I use iii to buy stocks and as per my comments was having difficulty buying a sufficient amount. I however have bought another 5k worth now which I did by buying blocks of 5000 shares which is all I could pick up. I now have a total holding of £15000 at an average price of 15.5p. My summary is that the German property market has now turned the corner after the recession and from bits of information found Speymill is doing alot better than their last set of results. So all in all I sincerely think 30p is easily doable here so long as there are no shocks in the news release on the 22nd. As always DYOR
In recent years the city of Hamburg has grown beyond its traditional industrial and maritime past. The city has expanded with thousands of new residents working in a host of businesses. Some believe it could lead the real estate not just in Germany but in Europe. Germany is the largest property market in Europe worth an estimated €269 billion, according to the latest IPD data. So far, the German real estate market has weathered the downturn better than any other nations, delivering positive total returns of 3.5% in 2008 according to IPD. ‘In the last 18 months all participants of the market, be it investors, banks or tenants, have adopted a wait and see attitude,’ said Schöberl, Managing Director at F&C REIT Asset Management Germany. ‘But this does not mean that the market dynamics are unaltered. As a matter of fact, we are witnessing major changes,’ she added. She confirmed that Hamburg is leading the way in the office market followed by Munich. Also the fact that there is quality retail space in the Hamburg Harbour project will help the city stay at the top. ‘Retail spaces in core major city locations as well as mid-sized cities are expected to see stability,’ she concluded.
Wednesday, 09 September 2009 Hamburg poised to lead the recovery in german real estate market With Germany officially out of recession the city of Hamburg is paving the way for a real estate recovery with the first phase of its mega harbour project now complete. The former industrial harbour site is being turned into a world class eco city development and the first lot of tenants are already moving in. Where there were once factories, ship building rigs and warehouses there will be high rise office buildings, hotels, restaurants and retail outlets. ‘The first phase of the project is complete and commercial tenants began moving in earlier this summer. When complete, the entire project will have 10 structures that should bring new, environmentally-friendly business and development to this former port,’ said designers and architects ARUP. ‘The project is focused on business and retail with available spaces sized from studios to warehouses. It is within easy walking distance of public transportation and is made for employees and visitors to walk around and enjoy,’ the spokesman added. ‘By working in close cooperation with all the stakeholders and taking into consideration the immediate environmental context of the project, we’ve created a different type of sustainable, creative-industrial complex. We hope that iconic eco city project becomes a model for sustainable urban development.’