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SECURE PROPERTY Development & Investment
(LSE:SPDI)
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Rating:40Underperform
Price Target:
0.38 p
▼(-24.00% 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-to-equity below 1.0 indicates the company is not excessively debt-loaded at present, preserving some financial flexibility relative to a highly leveraged property business. This provides a partial buffer for managing obligations and pursuing transactions, although the worsening trend remains important.
Negative Factors
Severe Revenue Decline
The sharp 2025 revenue contraction points to weakening business activity and reduces the scale from which the company can generate earnings. Continued top-line pressure would make fixed costs harder to absorb, constrain reinvestment, and leave results more dependent on asset or transaction outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Debt-to-equity below 1.0 indicates the company is not excessively debt-loaded at present, preserving some financial flexibility relative to a highly leveraged property business. This provides a partial buffer for managing obligations and pursuing transactions, although the worsening trend remains important.
Read all positive factors
SECURE PROPERTY Development & Investment (SPDI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£516.77K
Dividend YieldN/A
Average Volume (3M)27.99K
Price to Earnings (P/E)―
Beta (1Y)-1.03
Revenue Growth-95.12%
EPS Growth-268.35%
CountryUK
Employees2
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding129,191,440
10 Day Avg. Volume5,117
30 Day Avg. Volume27,989
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...
How the Company Makes Money
null...
SECURE PROPERTY Development & Investment Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | 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
0.48
Negative
0.60
Negative
1.06
Negative
Market Momentum
-0.03
Positive
0.57
Positive
98.04
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 0.44, above the 50-day MA of 0.48, and below the 200-day MA of 1.06, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 0.57 is Positive, neither overbought nor oversold. The STOCH value of 98.04 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% | |
64 Neutral | £24.02M | 8.93 | 5.63% | 1.54% | 15.45% | 8.98% | |
62 Neutral | £50.01M | 16.66 | 2.55% | 4.14% | -0.65% | -58.16% | |
58 Neutral | £42.97M | -25.64 | -1.75% | ― | ― | ― | |
53 Neutral | £3.23M | 3,150.00 | 0.02% | 7.14% | -10.04% | -99.33% | |
52 Neutral | £30.58M | -0.48 | -27.53% | 5.93% | ― | ― | |
40 Underperform | £516.77K | -0.14 | -580.57% | ― | -95.12% | -268.35% |
* Real Estate Sector Average
GB:SPDI
SECURE PROPERTY Development & Investment
0.40
-1.35
-77.14%
GB:DCI
Dolphin Capital Investors
4.75
-0.57
-10.71%
GB:FPO
First Property
16.25
1.04
6.82%
GB:FLK
Fletcher King
31.50
5.82
22.64%
GB:PNS
Panther Securities
290.00
7.19
2.54%
GB:GR1T
Grit Real Estate Income Group Limited
6.15
0.70
12.84%
SECURE PROPERTY Development & Investment Corporate Events
Business Operations and StrategyFinancial Disclosures
SPDI Interim Results Highlight Shift From Property Assets to Shell Monetization
Neutral
Sep 30, 2026
Secure Property Development Investment PLC reported interim results that reflect its transformation into an asset-free entity after selling remaining real estate holdings and contributing assets to Arcona Property Fund NV. The company spent the f...
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...
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.