Results out The highlights:· Net revenue of £10.0 million (2016: £9.7million)· Profit from before taxation attributable to shareholders of £1.2 million (2016: £60k)· Basic Earnings per Share before non-recurring costs of 4.8p (2016: 0.3p)· Net cash at year end of £2.7 million (2016: £0.4 million) and all bank borrowings now repaid· Dividend resumed with proposed payment of 1.5p per share (2016: nil)Puts this on a PER of c9 and a yield of c4% with no debt. Railtrack contract still in force and other new business one. Loss-making Indian business disposed of.
Results and new shareholder (me) This has a future I think. If not on its own then as part of another complementary business. I have nibbled a few but having trouble having my orders filled. Not a basket case. People love physical shopping - footfall high and predictable = opportunity for brands & launches. I just hope they can exit Europe (where required) economically as can be expensive in places like France.
Re: One off TW picks Looks like I missed the boat, for now anyway...
Re: One off TW picks Well if I had not been busy yesterday I probably would have bought in sub 15 RipleyThis could well turn around in 2017 so I will look to bag some into my isa soonWhat's your thoughts 94?
Re: One off TW picks Looks like you will get it at 15p arborman.Still of that view ? .TW. blogged "Horrible profit warning yesterday "
Re: One off TW picks personally waiting for 15p before i dip the old snarled toe in here
Re: One off TW picks 50% fall since mid September !!!
Re: i once thought There have been many bullets to dodge in the last 12 months by holding SAL. Unfortunately I caught most of them losing about 50% of my stake. I sold out at about 39p so I have missed the current cannon ball. I will not be back.Casa.
Re: i once thought Been following this for a year or so and never invested, dodged a bullet, will continue to watch for they have potential to rebound! Sub 20p soon enough
i once thought Space and People were onto a good thing renting our advert space in shopping malls. Never did invest in the end, so missed a jump from 70p to £1+ I remember.But I now think its a business more likely to collapse and expect to see it in the pennies at some point soon. Good luck any holders though, be careful.
Dog of a share For reasons of my own I am an investor here but if I were just a straight forward investor I would either bail or ask some serious questions about what's going on.For instance, the independent research note published by Equity developments on 26th March 2016 gave FY earnings for 2016 as £15.0m and FY earnings for 2017 as £15.7m, come the most recent trading update on 1st July 2016 from the same company showed a reduction to £11.0m and £11.5m respectively!I have noted that the forecast is based on ASSUMING contracts approaching expiry were not going to be renewed, this seems a pretty big assumption or have they already been notified that they were not getting renewed?They also state that the lower forecasts are the result of a one-off hit from S&P+, well which is it? Loss of contracts or the hit from S&P+? I can't see this share increasing in the short to medium term, meanwhile I'll just sit on my losses and hope for some good news.
iii very suspicious Tried buying 10,000 SAL and got quoted 67pTried buying 5,000 SAL and got quoted 41pThe spread at the time was 37.5p to 38.5p#crooksIMHO
Re: One off TW picks No, I am not TW. I don't think I am rude or sarcastic enough to ever be TW. (As this has continued to drop, I would say to wait until c45 now! I may not be TW, but I sure am bad at this game!)
Re: One off TW picks I think Tom Winnifrith is a real person as well !Not sure i get your point , Maybe your stating he is not posting under your name .
Re: One off TW picks I was a real person the last time I looked, honest!