Anyone in Speymill ? (Was Wigmore grp)
Good rise today..should be good going forward..

SP looks to be recovering today so far. I hope it continues but I would be reluctant to buy in at this stage in case it's on its way down and they are just trying to draw people in !...

Equity recently raised at 59p without problem-buying into german property market at low point( always a good move for the long sighted amongst us)-and a fairley good graph with reasonably regular rising peaks and troughs.Should trade above 60p very soon if all the pointers still heading north.I dont think this one is ready for a breather yet......but be carefulout there....

Speymill are looking good again. Does anyone have any idea how far this might go and what the forseeable future holds for them?

Still looking good... I've no idea how far it'll go. I've heard conflicting views for keeping and also for selling... not sure what to do so I'm going to hold for a while..

Picked up this from last weekends press.....obviously had a good impact on the SP... I, for one, will continue to hold... they also plan to go in to Japan,

"The Sunday Telegraph reported on news of a 250m fundraising for a new real estate investment fund by Speymill (SYG.L). The fund is planning to invest in the German residential property sector, which apparently has higher rental yields and is more affordable and is targeting a running return of 7.25%. Around 35% of the fund will be spent in the East of Germany in areas such as Leipzig, Berlin and Dresden. The shares were ahead by 2.00p this morning, trading at 73.50p. "

Thanks, Skyhigh. I think I'll hold too.

Here it is from today's Telegraph......looking good for a big SP rise next week, should break the 1 barrier(imho)... Monday should be interesting !

Take A look at Speymill (75.5p), the specialist manager of property investment funds. On Friday, the company announced that the 250m fundraising for its latest vehicle had been heavily over subscribed, showing the strength of investor appetite and confidence in Speymill's management.

The latest fund is due to be geared up to 1bn, and the money will be invested in the booming German residential market. Following this fund raising, Speymill will have funds under management of 1.5bn, which are expected to generate earnings for the company of around 10m, as long as performance criteria are met.

The property investment division of the company is chaired by Howard Flight, the former Tory MP, but the company is run by Bob MacDonald, a former managing director at Morgan Stanley. He was recruited by Jim Mellon, the international financier, who holds around 45 per cent of the shares in the company.

With further funds in preparation and a current market value of less than 30m, Speymill is well placed to grow, especially if Real Estate Investment Trusts are introduced in the budget this week. Buy.

Share price is touching the upper bollinger band, which means?

KD.

Dissapointed with Speymill this week... expected it to move a lot higher...perhaps it will in the next few weeks... It'll take us by surprise !

Does anyone know when final results are due?

Looking at the old WGT results, apart from last yr,(special sit.) full results have been released the first week of April (for yr ending 31Dec)

So we should see them released in the next week or two (imo)

"Speymill (SYG.L) appeared in Saturdays Guardian, which noted that the Companys shares rose as nearly 700k shares were traded. This was following a tip in a German magazine, as the Company has property funds in the country and momentum appeared to spill over into Monday mornings session, where the share price added 2.75p to 86.50p"

SP pulled back to 81p this morning but... it's looking ever encouraging..

Just released....
"The Company announces that at the annual general meeting held on 22 May 2006 all
resolutions proposed at the meeting were passed. The full text of each
resolution was set out in the notice of annual general meeting circulated to
shareholders on 28 April 2006.
A trading update will be issued by the Company in the near future"

The trading update should be interesting.... should also give details on near future addtitional fund launches (Japan?)

Plenty left in the tank on this one methinks

Tipped as a buy in today's IC.No doubt explains all those buys yesterday???

the "buy" tips are coming in thick and fast from all directions... the news gets better !

There's also a trading update due "in the near future" I take this to be in the next week or two.
It's all loooking very good.. :)

Might even get to break even on my original WGT holding from all those years ago !

Ahh! The good old IC!

Yeh ! know what you mean ! usually a tip in the shares mag/ IC means the kiss of death... no different in this case... however, I think more people are selling here to take good profits while they can, to cover losses elsewhere...

Maybe quite a number of forced sellers as stops are hit and the MM's cleaning them out?
It has been a 'city slickers' share for the last few months!

Another AIM stock bites the dust.