(SYG) Speymill

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27-12-12	Buy Re: Speymill plc	Koifishman


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Good rise possible since not a great many shares in issue if there is ever some buying interest. More View thread 2 Respond Login to Vote up
05-11-12	Speymill plc	Wexboy


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Cheap & Kinda Nasty: Speymill (SYG:LN): GBP 0.75p Mkt Cap: EUR 0.5 mio equiv. Property Yield: 7.2% Net LTV: 77.3% Price/Book: 0.30 Speymillâ€˜s another company with Jim Mellonâ€˜s fingers in the pie. Iâ€™ve been a Mellon fan, but these days he really needs to pull his socks up & prove heâ€™s not just a bubble boy! SYG has an awful construction business attached, and is propped up with shareholder (Mellon, again) loans â€“ really, a bit of a no-hoperâ€¦ Refer to the Wexboy blog for a much more detailed comparative review of German residential property companies. Cheers, Wexboy More View thread 2 Respond Login to Vote up
26-06-12	Buy good	inv91422


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well of all the three words I could be bothered to read of the report it seems pretty good. And lets face it, three words read could be as much sense as one could get out of it with all the superfluous window dressing that invariably adorns these documents. Anyway that saved me half an hour of tedious reading lets just hope the damn share price rockets. Onwards and Upwards! BUY BUY BUY! yayyyy! More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
29-06-11	share purchase	moreblue


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two full days of trading after te announcement and not a single transaction - buy or sell.....mmmmmmmmmmm weird More View thread 1 Respond Login to Vote up
27-06-11	Buy Solid statement	countrydweller


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Good solid results which show an improving picture. This is still a do or die share but at these levels offer an excellent risk reward option. I continue to buy on weakness, such as current levels. Good luck to all Speymill holders, especially SDIC More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
09-05-11	Re: no subject	Housemartin


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I think I must be missing something vital here - looks like an 8 year old story. Has anyone any idea whether this company has any prospects in any way? More View thread 2 Respond Login to Vote up
20-04-11	Buy No Subject	inv91422


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http://www.leisureopportunities.co.uk/detail1.cfm?pagetype=detail&subject=news&codeID=4845&PageNum_J=1 More View thread 2 Respond Login to Vote up
28-03-11	Legoland	Shuteye80	1


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Interesting to see Speymill building hotel at Legoland! More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
12-12-10	Buy The road to recovery	fooltrader	1


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http://www.proactiveinvestors.co.uk/companies/news/23725/speymill-shares-rocket-on-positive-trading-update-23725.html http://www.thebusinessdesk.com/yorkshire/speymill-shares-up-90.html?news_section=28383# More View thread 1 Respond Login to Vote up
09-12-10	Re: Speymill shares rocket on positive t...	Basil Loftus


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Now down 16% More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
07-12-10	Buy Speymill shares rocket on positive tradi...	carlsmillie


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Speymill shares rocket on positive trading update Monday, December 06, 2010 by Jamie Ashcroft Speymill (LON:SYG) shares rocketed over 90 percent after a trading update revealed improving prospects for the European real estate business. It has also agreed new and improved loan terms with its creditors, as a result of its improved financial position. Speymill told investors that its Huntington-based construction business, Speymill Contracts (SPC), has strengthened its order book. SPC has seen a substantial turnaround with £15 million more business compared to last year. Going into 2011 it has a forward order book worth £18 million. “The group expects that, economic conditions permitting, this order book should continue to grow throughout next year,” the company said. “The increase in orders has been undertaken on the basis of the previously reported risk managed approach that has been adopted by SPC.” It has been a tough few years for the European real estate business, and now it appears to be turning a corner. A strategic review is currently underway, and the results are expected in the early part of 2011. Jim Mellon and Bob MacDonald - Speymill’s chairman and chief executive – loaned the company £3.3 million back in January 2009. Now that the real estate group’s financial position has improved the interest payable on the loan has been reduced from 12 percent to 9 percent. “As a consequence of its improved financial position, the pickup in operating activities at SPC, an increased focus on costs, risk management and other efficiency enhancing measures, the Group is aiming to achieve an improvement in like-for-like profitability (excluding exceptional and one off items) in 2011,” Speymill said. The company recently scaled back its operations, with a number of disposals. It terminated an agreement relating to agreed to terminate the Investment Management Agreement in relation to ‘Speymill Deutsche Immobilien Company’ (SDIC) and it sold its Berlin-based property management business, GOAL service GmbH. http://www.proactiveinvestors.co.uk/companies/news/23725/speymill-shares-rocket-on-positive-trading-update-23725.html More View thread 2 Respond Login to Vote up
06-12-10	Re: Good news at least	Mez 2


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Countrydweller, I take on board your caution, but my view is that a forward order is just that - an order placed for delivery at a forward date. I do not view it as an enquiry - something quite different. In principle, then, the company appeared to have made a strong statement - then I looked for the holes - and the problem is this - there is no delivery date for the forward orders. If there is a couple of large orders in there, which do not complete until 2012, then 2011 orders actually become 2012 revenues. mmm.... More View thread 4 Respond Login to Vote up
06-12-10	Re: Good news at least	countrydweller


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Whereas I believe that Syg is possibly on the turn around, the issue for me is clarity. 25 million gross assets in german residential property could indeed be worthless. Following direct contact with Speymill plc, they have refused to give any information as to the Net asset value of this special purpose vehicle and taking a worst case negative view, might not be worth a penny. So, worst case scenario, we have an increase in forward ordering, which may not come to fruition and german assets, which may have little if any value. However, taking a more positive stance, the forward ordering may be fulfilled. Even if this generates modest net profits, say 1 million, and further forward orders are secured for 2012, then the company should be worth 10p + easily. If we then find there is some decent value in the special purpose vehicle, then the shares could be worth a lot more. Clearly all this is speculation and until we get further clarity, and forward orders are actually carried out, then we really don't know if this company will turn itself around. Good luck to all Syg holders More View thread 4 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
06-12-10	Re: Good news at least	countrydweller


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Averaged down. Can see this share breaking 10p fairly quickly More View thread 4 Respond Login to Vote up
06-12-10	Re: Good news at least	Ivor Hunch


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I'm back into SYG, an old friend ! I first bought into Wigmore which became Speymill at around the equivalent of 5p and it became one of my first ten- baggers. I could have got more but missed the last of the rise. Anyway the temptation to come back in at 4p is too much and I am trying to analyse why they seem attractive at this price. 1. The net asset value per share is stated at 9p before the recent deals which left the company with two German residential property companies - Wyatt and Horsfield. The gross assets here are stated at 25 million euros, but we don't know what's level of debt. I need to find out what the net asset value of these companies are and will email to company in (a probably vain) attempt to find out. 2. Jim Mellon is going to convert his debt into equity which will greatly improve the balance sheet. 3. The reason I bought Wigmore in the first place was Jim Mellon's involvement (it's not a bad idea following successful people - Alan Burns at BPC, Tom Cross at PMG etc). The question here is what will JM do with SYG. He can't just let it drift and I am hoping for something interesting. I hope this bb will spring back into life with the new situation at SYG. Ivor More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
06-12-10	Buy Good news at least	countrydweller


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At last some better news. Starting to get a warmer feeling about syg. Think price may slowly begin to recover. Assets alone should put price at 10p + and then there's the potential income from residential assets. Happier days? More View thread 1 Respond Login to Vote up
30-09-10	61% up	fooltrader


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I hope this is a sign of things to come. Something brewing perhaps. Anybody know anything? More View thread 1 Respond Login to Vote up
30-09-10	38% up - WOW	fooltrader


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Looks like this one is finally moving in the right direction. More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
29-09-10	Hold Small Caps	fooltrader


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http://www.h-l.co.uk/shares/stock-market-news/small-cap-news/small-caps-round-up-augean,-juridica,-origo... Speymill, an expert at real estate investment management, made a profit of £8.4m in the first six months of 2010, thanks to a £7.3m gain on a disposal, and grew revenue by 1.4% to £25.34m. Bosses, who are still considering strategic options following the current restructuring, say the forward order book at Speymill Contracts has substantially strengthened and most of the legacy issues in the company have been resolved. More View thread 1 Respond Login to Vote up
29-09-10	Re: 9p	Mez 2


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Pendil - what good would that do? He converts his loan into shares, relieving the company of interest payments, but he has openly declared, by nature of the waiver, that he is not interested in taking the company out. If votes go against it, then the company continues to pay interest to JM at an extortionate rate until it runs out of money. More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-09-10	Hold 9p	pendil


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That's the net asset value per the half year statement. In terms of business all that's left is Speymill Contracts which does seem to be improving but not yet at breakeven. So I would not sell at this level, but I am not going to throw more good money at this. I see Jim Mellon wants a waiver so he doesn't have to bid for the company when he converts his loan. I'll be voting against that. More View thread 2 Respond Login to Vote up
18-07-10	Hold Good news from contracting firm Speymill	fooltrader


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http://www.aimmicro.com/blog/entry/speymill11/ News blog Speymill * BY: Andrew Hore \| * POSTED: 09/07/2010 \| * COMMENTS: Add yours Good news from contracting firm Speymill, which says that £400,000 of receivables that it had provided against have been paid. Tinderhouse investor relation solutions The cash was received on 8 July and the balance of the amount receivable has been written off. Speymill reported a profit of £542,000 for 2009 and that included the £400,000 provision. This provision will be written back in the first half of 2010. The cash will help to improve Speymill’s balance sheet. Speymill has lost two investment management contracts in recent weeks. More View thread 1 Respond Login to Vote up
09-07-10	Hold RNS - Maybe we will see some relief?	fooltrader


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Speymill plc ("Speymill" or the "Company") Trading Update Speymill (AIM: SYG), the property services business specialising in real estate investments, investment management services and construction operations, announced in its results for the year ended 31 December 2009, released on 24 June 2010, that the profit before tax of £0.54 million for the year included the full provisioning within Speymill Contracts Limited of certain legacy receivables totalling £0.76 million. On the basis of information available at the time of the results, the Directors believed that these provisions were prudent. The Company is pleased to announce that approximately £0.4 million of these receivables were paid yesterday and, as a result of this payment, an equivalent amount of the provision has been released and will be reflected in the Company's 2010 half year results. Had this matter been concluded prior to the release of the annual results, such a reduced provision would have resulted in a profit before tax for the year ended 31 December 2009 of £0.95 million. A provision of £0.23 million remains in place and the balance of the outstanding amount has been written off. More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
30-06-10	Future for Speymill	Hephaestus1


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your bête noire wrote on 24th June sic "Speymill continues to look to increase value for its shareholders" I have no reason to doubt that he is a man of his word and therefore sincerely hope your fears are unfounded in for the remaining patient shareholders! More View thread 4 Respond Login to Vote up
30-06-10	Re: Game over for Speymill	goldenarrow1	1


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If you read carefully all my posts, we would see that I sold before the big crash as there was something dodgy about the results not being published on time. I was positive before as long as the investment management was in the company but now it has vanished no point holding the share. Also the Trading update was misleading as the company stated that results were in line when we found out that they came significantly under forecast last week !! The quality of an investor is acknowledge its errors and not get attached to one holding. happy to have sold when I saw all this mess and will no longer buy any company with Jim mellon on board. More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
29-06-10	Re: Game over for Speymill	Hephaestus1


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Sorry but I am confused - May I ask whether you stilll hold any shares in SYG or did you sell up at 1Op ? You appear to be suggesting that the management of SYG cannot be trusted with the minority shareholders' money so why did you recommend these shares less than a few months ago as the management has not changed in that time? More View thread 4 Respond Login to Vote up
28-06-10	Game over for Speymill	goldenarrow1	1


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I had been warning you to sell when the sp was at 10 p now you have only your eyes to cry. Situation is getting worse and worse at Speymill : 2009 results came lower as expected as losses came up higher than expected at its contracted business. The directors had however told us that "trading was in line in April". Just a bench of lyers and cheaters. * Worse than that the debt facility has been extended to 5.77m which means that the directors expected further losses and Cash outflows ** The only people make money on SYg are its director who are earning 12% on their stakes. You thought it could not get worse just wit for tonight's RNS which tells u that Speymill Macu is ending its investment manager agreement with SYG. Now shareholders are lefts with the crappest pieces of teh business which are not making any profit. Given the group is in negative equity, I will give him a few months before it goes bust. More View thread 4 Respond Login to Vote up
17-06-10	OPINIONS ON RNS	fooltrader


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Does anyone have any view on the latest set of RNS releases. At least the annual accounts will be reported which to me relieves the possibility of being removed from the market? More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
15-06-10	Re: Simple explanation for Golden Arrow	goldenarrow1


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Can't you spot a rhetorical question ? The only solution for the loan to be repaid is a capital raising at a very low discount to current price so huge dilution for shareholders. Now we are mid June, the main business model and cash cow of SDIC is about to disappear do you think that there is going to be a capital raising? The directors also do not want to publish the accounts which should have been ready since April so it means that there is something fishy going on. I would not been surprised if the directors were simply gaining time so that there personal loans are repaid before delisting or going into administration. I had warned people just before the big crash that there were not good things happening in SYG. This you cannot deny it. More View thread 2 Respond Login to Vote up
10-06-10	Simple explanation for Golden Arrow	Mez 2


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GA - you wrote:- 1) As you know the group has negative equity and got a 3 million loan from Mellon and Co at the beginning of 2009. "The Loan will be applied as working capital for the Group and Speymill Contracts Limited ("Speymill Contracts"). It is however currently the intention of the Board to convert the Loan into convertible preferred shares as part of an offer in which all shareholders of Speymill will have the opportunity to participate. Further announcements will be made on this in due course." This loan finishes on 30/06/2010 !! So how is it going to be repaid ?? The answer to the question about the loan repayment is there in the statement that you have quoted, for goodness sake!!. The company is intending to offer preference share to all shareholders. The money that this generates will be used to repay Jim Melon. His original loan - supposedly being used as working capital, then becomes true working capital, free of Melons astranomical interest charge (Do I recall it was something like 11%p.a). Of course, the whole lot might be in the hands of the administrators before then! More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
10-06-10	Re: 3 m loan to expire in the next weeks...	Mez 2


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Listen here sunshine - the comment that I made was honest and I take exception to your suggestion that my comment was dishonest. Selective yes, but dishonest -no. Now you made a chump of yourself and had egg on your face, perhaps you will in future, follow the private investors mantra and do a bit of research before suggesting people buy or sell. When you made the buy suggestion, the Speymill accounts were already long overdue - with a little bit of research you would have been aware of that. And what is this about a conflict of interest between SDIC and SYG? Please explain it to me, as I do not understand what it is that you are suggesting? More View thread 4 Respond Login to Vote up
07-06-10	Re: 27 days to go before delisting from ...	greyfox2


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I emailed the company sec' and got a response. She said that the results would be out before the 30th June. Not much else and I wonder how much, in legal terms, this is watertight? ie can they change their mind. Just a thought. More View thread 2 Respond Login to Vote up
07-06-10	Re: 3 m loan to expire in the next weeks...	goldenarrow1


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If I were you I would be more honest when I post comments on the forum. You did not talk about my sell recommendation made on thursday just before the big drop. "I have only advice for all of you get out whilst you can. I made a big mistake into buying into Speymill well I acknowledge it and prefer to cut a finger before losing my whole arm." On the paper, Speymill was a buy but the management has not been very honest with all of us: delaying the publication of the results, not talking about how the business was performing and we realised that there was a big conflict of interest between SDIC and SYG. More View thread 4 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
07-06-10	Re: 3 m loan to expire in the next weeks...	Mez 2	1


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Was it really you who wrote on 14 April 'Definitely worth a punt at this price'??? Now 40% lower More View thread 4 Respond Login to Vote up
07-06-10	Sell 3 m loan to expire in the next weeks !!	goldenarrow1


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Here are some further information on SYG that you guys might find useful : 1) As you know the group has negative equity and got a 3 million loan from Mellon and Co at the beginning of 2009. "The Loan will be applied as working capital for the Group and Speymill Contracts Limited ("Speymill Contracts"). It is however currently the intention of the Board to convert the Loan into convertible preferred shares as part of an offer in which all shareholders of Speymill will have the opportunity to participate. Further announcements will be made on this in due course." This loan finishes on 30/06/2010 !! So how is it going to be repaid ?? There will definitely be an equity raising whatever the outcome of teh SDIC issue => share price to fall further. 2) The group has not issued any annual results for 2009 !! Why do you think that is ? Under AIM regulation, they have 3 weeks to do so or be delisted !!SO there is a huge risk of the group being delisted after the results of the strategic planning. More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
06-06-10	T1ps.com.............	steelpulse


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has no downgraded Speymill to "sell" More View thread 1 Respond Login to Vote up
06-06-10	Re: RNS - What do you make of this?	goldenarrow1


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We have a business which offers quite a good visibility if you look at the different annual report Goal always made money and profits grew steadily. Such kind of businesses are often valued between 5-8x EBIT which would amount to 10-16m pounds. Which would be very positive for Speymill whose market cap is just 5m euros. Again the problem is that SDIC does not have any cash left so a payment by share is highly likely in my view. Again, we are dealing with Jim Mellon so the main uncertainty is how will he screw shareholders? He has not a good track record in this field i must acknowledge. In the end, i do not know what will remain of Speymill Plc does it make sense for the board to keep Speymill listed Speymill might end up owning SDIC and a contracts business. More View thread 4 Respond Login to Vote up
06-06-10	speymill	localman


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thanks Goldenarrowe. What will happen to Speymill plc? Speymill contracts is a subsiduary of the plc. Will Contracts therefore not follow the remainder of the plc? More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
05-06-10	Re: RNS - What do you make of this?	fooltrader


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What would you say is a fair price? More View thread 4 Respond Login to Vote up
05-06-10	Re: contracting business	goldenarrow1


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the contacting business has nothing to do with SDIC as they refurbish hotels in UK. so there is no point for a bid. More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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(SYG) Speymill

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