Report

Update: Bowling along

SpaceandPeople (SAL) has added another major client, British Land, starting with Drake Circus in Plymouth, then across its broader multi-let retail portfolio in due course. This follows on from last year’s landmark contract win of Network Rail. The trading update confirms that underlying FY15 results were in line with expectations (although an accounting adjustment pushes some net revenue recognition into FY16). With a cash-positive balance sheet and 10% uplift in the dividend, SAL’s shares have yet fully to reflect the positive momentum in the newsflow.
Underlying
SpaceandPeople PLC

SpaceandPeople is engaged in the marketing and selling of promotional and retail licensing space on behalf of shopping centres and other venues throughout the U.K. and Germany and also in India. Co.'s segments include promotional sales and retail, and other. Through its subsidiaries, Co. is involved in licensing of intellectual property, media, and leasing of retail merchandising units.

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Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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