SpaceandPeople (SAL)

Sector:

Media

Index:

FTSE AIM All-Share

 5.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 14.50
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 19.52m
  • Volume: 0
  • Market Cap: £1.02m
  • RiskGrade: 419

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 5.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 14.50
52 Week Low 4.75
Volume 0
Shares Issued 19.52m
Market Cap £1.02m
RiskGrade 419

SpaceandPeople Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.52% above the market average55.52% above the market average55.52% above the market average55.52% above the market average55.52% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
81.72% below the market average81.72% below the market average81.72% below the market average81.72% below the market average81.72% below the market average
61.19% below the sector average61.19% below the sector average61.19% below the sector average61.19% below the sector average61.19% below the sector average
Income
70.68% above the market average70.68% above the market average70.68% above the market average70.68% above the market average70.68% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Growth
54.9% below the market average54.9% below the market average54.9% below the market average54.9% below the market average54.9% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 --2020

Time Volume / Share Price
0 @ 0.000p

SpaceandPeople Key Personnel

COO Nancy J Cullen
CEO Matthew Bending

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