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SpaceandPeople plc – a company with questions to answer

By Steve Moore | Thursday 17 April 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


If SpaceandPeople plc (SAL) thought that it could limit the impact of news that “pre-tax profits for the full year are now expected to be £1.4 million lower than previously forecast and will be £1.5 million after one off costs of £150k” by releasing it at noon on the day the Easter break begins, it looks to have failed. The following reviews the announcement – and the shares are already down sharply.



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