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SECURE PROPERTY Development & Investment
(LSE:SPDI)
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Rating:40Underperform
Price Target:
0.48 p
▼(-5.00% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily weighed down by deteriorating financial performance (shrinking revenue, large recent losses, and weak cash generation) and a clearly bearish technical setup (price far below long-term moving averages with negative MACD). Corporate events add uncertainty due to regulatory and transaction execution risks, while valuation is not supportive because the company is loss-making and dividend yield data is unavailable.
Positive Factors
Manageable leverage
Debt remains moderate relative to equity, giving SPDI some financial flexibility despite deterioration from prior years. This limits immediate balance-sheet strain and may support restructuring or strategic investment if cash discipline improves.
Negative Factors
Shrinking revenue base
Persistent revenue contraction indicates weakening operating scale and reduces the base from which SPDI can generate recurring earnings. The decline also reflects its property disposals, leaving less established income capacity during the strategic transition.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Debt remains moderate relative to equity, giving SPDI some financial flexibility despite deterioration from prior years. This limits immediate balance-sheet strain and may support restructuring or strategic investment if cash discipline improves.
Read all positive factors
SECURE PROPERTY Development & Investment (SPDI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£645.96K
Dividend YieldN/A
Average Volume (3M)166.01K
Price to Earnings (P/E)―
Beta (1Y)-0.83
Revenue Growth-29.87%
EPS Growth-453.70%
CountryUK
Employees2
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding129,191,440
10 Day Avg. Volume9,925
30 Day Avg. Volume166,010
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.07
Price to Sales (P/S)2.92
P/FCF Ratio-1.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SECURE PROPERTY Development & Investment Business Overview & Revenue Model
Company Description
SPDI is a London-listed real estate company primarily focused on developing and investing in emerging European markets, specifically Romania, Bulgaria, Greece, and Serbia. It boasts an expanding portfolio of high-quality commercial properties, lea...
SECURE PROPERTY Development & Investment Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 887.36K | 1.28M | 1.43M | 1.14M | 1.05M |
| Gross Profit | 887.35K | 972.23K | 1.43M | 1.14M | 1.05M |
| EBITDA | -641.21K | 72.68K | 9.51M | -1.06M | 422.31K |
| Net Income | -4.36M | -838.07K | 6.48M | -1.24M | 184.41K |
Balance Sheet | |||||
| Total Assets | 14.64M | 28.12M | 28.20M | 30.14M | 53.16M |
| Cash, Cash Equivalents and Short-Term Investments | 8.35K | 1.05M | 152.24K | 66.57K | 2.16M |
| Total Debt | 625.55K | 1.43M | 985.17K | 1.42M | 3.03M |
| Total Liabilities | 13.79M | 21.83M | 9.43M | 16.65M | 24.15M |
| Stockholders Equity | 844.95K | 6.28M | 18.66M | 13.11M | 23.25M |
Cash Flow | |||||
| Free Cash Flow | -1.35M | 27.09K | -87.83K | -2.47M | -1.68M |
| Operating Cash Flow | -1.35M | 27.09K | -87.83K | -2.47M | -1.68M |
| Investing Cash Flow | 366.00K | 1.19M | 1.11M | 2.56M | 5.70M |
| Financing Cash Flow | -131.84K | -546.97K | -872.13K | -2.30M | -2.33M |
SECURE PROPERTY Development & Investment Technical Analysis
Negative
0.50
Price Trends
0.55
Negative
0.87
Negative
1.29
Negative
Market Momentum
-0.02
Negative
11.74
Positive
97.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SPDI, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.55, and below the 200-day MA of 1.29, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 11.74 is Positive, neither overbought nor oversold. The STOCH value of 97.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SPDI.
SECURE PROPERTY Development & Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | £4.36M | 41.92 | 2.32% | 3.82% | -6.18% | -66.67% | |
62 Neutral | £50.18M | 11.88 | 3.61% | 7.59% | -4.65% | -36.18% | |
61 Neutral | £19.96M | 7.42 | 5.63% | 1.85% | 15.45% | 8.98% | |
58 Neutral | £43.42M | -24.88 | -1.75% | ― | ― | ― | |
52 Neutral | £30.58M | -0.49 | -27.53% | 5.93% | ― | ― | |
40 Underperform | £645.96K | -0.18 | -165.94% | ― | -29.87% | -453.70% |
* Real Estate Sector Average
GB:SPDI
SECURE PROPERTY Development & Investment
0.50
-4.50
-90.00%
GB:DCI
Dolphin Capital Investors
4.70
-0.10
-2.08%
GB:FPO
First Property
13.50
-1.47
-9.80%
GB:FLK
Fletcher King
41.50
11.88
40.12%
GB:PNS
Panther Securities
290.00
20.76
7.71%
GB:GR1T
Grit Real Estate Income Group Limited
6.15
-0.35
-5.38%
SECURE PROPERTY Development & Investment Corporate Events
Business Operations and StrategyPrivate Placements and Financing
SPDI Extends AdvEn Loans and Clears Related-Party Deal for Planned AIM Transaction
Positive
Aug 11, 2026
Secure Property Development Investment PLC has extended the maturity of two secured loans to AdvEn Industries Inc. and AdvEn Inc. UK Ltd to 31 October 2026, in return for additional fees on each loan. During this extension, AdvEn is restructuring...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
SPDI Completes Arcona Asset Transfer and Eyes Energy Storage Pivot
Neutral
Jun 30, 2026
Secure Property Development Investment PLC has completed the core of its long-running asset transfer to Arcona Property Fund N.V., receiving more than 1.15 million Arcona shares and associated warrants while disposing of remaining properties in U...
Business Operations and StrategyDividendsRegulatory Filings and Compliance
SPDI Faces Regulatory Hurdles on Arcona Share Payout and Continues Loan Talks
Negative
Jun 19, 2026
Secure Property Development Investment PLC has updated shareholders on the planned distribution of shares in Arcona Property Fund N.V. to its investors. The company has collected most shareholder responses but has been unable to complete the dist...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.