SpaceandPeople (SAL)

Sector:

Media

Index:

FTSE AIM All-Share

 14.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 30.00p
  • 52 Week Low: 12.00p
  • Currency: UK Pounds
  • Shares Issued: 19.52m
  • Volume: 0
  • Market Cap: £2.73m
  • RiskGrade: 94

SpaceandPeople cuts dividend as its swings to a loss

By Abigail Townsend

Date: Monday 25 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Shares in SpaceandPeople tumbled on Monday after the retail promotions specialist slipped into the red and slashed its dividend.
Gross 2018 revenues fell to £18.8m from £22.4m a year earlier, while losses before tax and non-recurring items were £0.1m against a profit of £1.2m in 2017.

A dividend of 0.5p per share was proposed, against 2017's 1.5p per share.

Chairman George Watt said: "Trading conditions in both the UK and Germany were difficult. Unusual weather conditions, with severe snow storms in the first quarter, followed by a long, hot summer in both the UK and Germany, disrupted normal trade in venues. In addition, the World Cup over the summer distracted brands from focusing on their usual activity with us.

"Although normal conditions returned during the autumn and winter, we were unable to recover from the slow start to the year and a poor period of trading in the key month of December meant that the group delivered a small operating loss on recurring activities for the year as a whole."

By 1430 GMT, shares in SpaceandPeople were off 11%, although they had fallen as much as 23% in earlier trading.

Looking forward, however, management said it remained confident about the company's performance for the current year following key contract renewals with clients Landsec, formerly Land Securities, and investment firm M&G.

"We look forward to 2019 with confidence following management's success in securing new agreements, and successfully other agreements on good terms," added Watt.

SpaceandPeople specialises in the marketing and selling of promotional and retail licensing space on behalf of clients such as shopping centres, retail parks and railways stations in the UK and Germany.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SpaceandPeople Market Data

Currency UK Pounds
Share Price 14.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 30.00p
52 Week Low 12.00p
Volume 0
Shares Issued 19.52m
Market Cap £2.73m
RiskGrade 94

SpaceandPeople Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average
51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average
Price Trend
66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average
56.92% below the sector average56.92% below the sector average56.92% below the sector average56.92% below the sector average56.92% below the sector average
Income
52.45% below the market average52.45% below the market average52.45% below the market average52.45% below the market average52.45% below the market average
21.21% below the sector average21.21% below the sector average21.21% below the sector average21.21% below the sector average21.21% below the sector average
Growth
55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average
64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average

SpaceandPeople Dividends

  Latest Previous
  Final Final
Ex-Div 04-Apr-19 12-Apr-18
Paid 25-Apr-19 25-Apr-18
Amount 0.50p 1.50p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

SpaceandPeople Key Personnel

COO Nancy J Cullen
CEO Matthew Bending

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