We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Park Grp. | PKG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 79.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 79.00 |
| Top Posts |
|---|
Posted at 30/11/2016 09:44 by boonkoh It does looks like there's a big overhang here. The share price popped when the good results were announced yesterday, but then fell back gradually during the day.Definitely a company that keeps delivering and flying under the radar of most investors. |
Posted at 02/6/2015 11:58 by sharesoc We are holding one of our popular Investor Masterclasses in Manchester so local investors and shareholders in PKG may be interested in attending as PKG is based nearby our venue... |
Posted at 03/12/2013 08:23 by a1samu PE of 10 and there is still room for the share price to fall! What is wrong with this share? This should be going up 10% not going down! Rothschilds, Soros, new non executive directors makes no difference. It is clear that the present management team is lacking in the ability to take this company forward despite the flexecash innovation. Expect a wholesale exodus of the present management team soon. In June 2012, the share price hit a low of 42.63 and there is no reason why it should not be aiming for this low again, this time. Pretty powerful list of shareholders, none of whom will be happy with the share price performance. Mr P R Johnson 34,485,680 18.96% Schroders plc 20,108,887 11.06% Huntress Nominees Limited 16,235,386 8.93% SFM UK Management LLP 15,660,000 8.61% Miton Group plc 9,370,380 5.15% Henderson Global Investors 9,162,000 5.04% Axa Investment Management SA 8,500,000 4.67% Investec Asset Management Limited 7,250,000 3.99% Cazenove Capital Management Limited 6,925,875 3.81% Last updated 30 October 2013 |
Posted at 21/12/2011 10:06 by a1samu Research note from Hardman on the 20th December 2011Hardman & Co. Leaders in Corporate Research 1 Tel: +44(0)20 7929 3399 www.hardmanandco.com Leaders in Corporate Research Park Group 48.125p Ceasing Coverage 20 December 2011 The interim results earlier would put off all but the most dedicated follower. Sales revenues down 10% and a turn round from a profit to a loss were superficially discouraging. However, strip out the one-off £4.4m gain from the favourable VAT case settlement received last year, and investors are left with little more than the usual seasonal H1 loss. The outlook for both the full year and for the following financial year continue to be good, in our view. We cease coverage with this research note. In the 10 years we have been researching Park Group, its shares have risen 153% while the FTSE 100 Index has gained 4% - an outperformance of 149%. In all but one of those years it has paid a dividend; the current yield on our "Initiation of Coverage" price is 9.5%. And at no time in this period has directors called on shareholders to put up extra money. Job done. Shareholders should be content. We comment briefly on the Interim Results below, but have withdrawn our estimates. Sector: Consumer Finance Market: London AIM Broker: Arden Partners PR: Tavistock Communications +44 (0)20 7920 3150 Website: www.parkgroup.co.uk Description: Park Group is the UK's leading multi-redemption voucher business. It is also the biggest provider of Christmas savings schemes in the UK, which it provides through the internet and a network of sales agents. It operates in the e-card and Corporate Voucher marketplace, this business has been growing rapidly. Park Group 20 December 2011 The following points from the Interim Results announcement are worthy of note: Interest Income H1 2011/12 interest income was 28% higher than in the previous H1. This is because the group was able to earn a slightly higher rate of interest on its cash deposits. Interest rates have stayed relatively stable throughout this reporting period, which suggests interest income of c. £1.7m. for the full twelve months, vs. £1.38m in H1 of the previous year. The Cash Position Cash balances peaked at a record £152m, up 8.5%. Consumer Business The average customer order value for this Christmas was 4% higher, and the number of orders was higher by 5%. Adding these two together accords with the increase in cash balances, which indeed it should. The rise in the size of the average order is roughly in line with the inflation rate. The combined increase is some way in excess of retail spending, so Park Group's business proposition to the store groups is gaining in importance. Corporate Business An 8% rise in customer numbers is probably more important than the decision by a major customer to place fewer orders in H1, more than expected in H2. Flexecash® The cost of developing and operating this card business is just over £1m a year, and it is clearly rising because this is a complex business. Park Group is having to engineer a different interface for almost every customer, because of the different software systems in use by the various high street chains. Park Group is playing in a major new game here, for potentially high rewards, but there is a cost. A further issue is a delay in revenue recognition. Sales are recognised when money is drawn off the card, with the traditional vouchers revenue is recognised when the voucher is paid for and posted. A further accounting point is that Park Group only recognises its gross margin on the card, while with vouchers it recognises the total amount. The £60m that has been loaded on the cards in the 18 months since launch is therefore a more significant figure than the declared £3.7m of sales during this half. As flexecash® grows, it will tend to inflate margins, and deflate sales revenue. Administrative Costs After two consecutive years of falling administrative costs as a percentage of sales revenue, the financial year to March 2011 saw a rise. This was partly due to the company starting to amortise the previously capitalised costs of developing the flexecash® card. H1 current year administrative costs were again higher than those in H1 of the previous year, by 8%. We expect full year depreciation and amortisation to be up from £0.9m to £1.5m. In addition to this, Park Group has been hiring more staff to work on the further development of flexecash®. We expect full year administrative expenses to be up from £12m to £13.3m, with higher depreciation/amortis Management Major Shareholders Chairman: Peter Johnson Managing Director: Chris Houghton Finance Director: Martin Stewart Peter Johnson 57.4% BSW/IPP Trustees Ltd 9.8% Schroders plc 9.7% The Johnson Foundation 3.4% Key Dates Key Milestones Full Year Results: June 2012 July 2006: Disposal of loan business August 2007: Establishment of The Park Prepayments Protection Trust, an independent trust to improve the security of savers' money. October 2007: Transfer from London Stock Exchange to AIM May 2010: Launch of card-based flexecash®. February 2011: Earnings enhancing purchase of property occupied by the group in Birkenhead. |
Posted at 27/8/2011 18:25 by a1samu Recent article in the Fortune magazine, dated 5th September 2011 by Charles P. Wallace about The Prepaid Card King Steve Streit age 49, Fast growing GREEN DOT, GDOT, has Wal Mart as an investor but its stock keeps falling.Not many fledgling entrepreneurs could survive the discovery that their brainchild was a flop. But Steven W. Streit, 49, had a eureka moment that turned his fortunes around. In 1999, Streit, a former adult-contemporary radio programmer, started a business called iGen in the bedroom of his Monrovia, California apartment. The goal: to give teenagers a debit card loaded with prepaid cash so that they could shop online. When the card was rolled out, kids didn't show much interest-but adults who couldn't get checking accounts or credit, bought the cards in droves, using them for such prosaic tasks as paying household bills. "I thought , 'We have the right product, just the wrong target market, so we retooled" Streit recalls. Streit rechristened the company Green Dot, got backing from Silicon Valley venture capital firm Sequoia Capital, and now is the largest provider of prepaid debit cards to the "underbanked" in America, a class estimated at 73M people. Green Dot went public in 2010.: Sequoia;s original $5.5M stake is now worth around $270M. Its breakthrough came in 2005, when Wal Mart partnered with it for the Walmart Money Card, which customers load up with money when they cash a paycheck or tax refund at Wal Mart. The retailer now accounts for 60% of Green Dot'ts revenue, which hit $117M in 2011's first quarter, up 26% over 2010. With 4.3M cards outstanding, it is far ahead of its closest rival, netSpend, with 2.3M. WalMart was so impressed that it bought 9% of the company last year. Even U.S. Treasury has started a pilot program to issue refunds on Green Dot cards. Yet Green Dot is facing some strong headwinds. Competition is heating up. AmEx is introducing its own prepaid card and commercial banks are hinting they will join the fray. Although the AmEx card appears aimed at a niche market - a way for people with normal checking accounts to give money to college kids, for eample - it is charging minimal fees. That could mean trouble for Green Dot, which charges to buy the cards and reload them, then adds a monthly maintenance fee. Now Florida's attorney general is investigating prepaid firms to see whether they fully disclose their charges. Green Dot insists it does. Legistlative changes are another uncertainty. The Durbin Amendment tucked into the Dodd-Frank Act specifically excluded prepaid cards from its limits on how much banks can charge for processing debit card transactions, because they serve the low income market. That could change if prepaid cards become more widely supplied. All those doubts have had a dampening effect on Green Dot's stock, which is selling @$27, about 24% below its IPO price of $36. That is down from $65 just a few months ago. "There is a lot of controversy over the stock because of doubts about future growth." says Tien-tsin Huang, a banking analyst at J.P.Morgan, who nonetheless has an overweight on the company. Streit says he welcomes new competitors because he believes they will expand the category. But the pressure may force him to conjure up yet another eureka moment. |
Posted at 17/8/2011 21:15 by battlebus2 Sounds good and the best bit is we are relatively unknown to most investors. |
Posted at 09/7/2008 13:51 by taylor20 Close enough to the 11p target, bought a handful for a short term bounce.Notice Hardman seem even more convinced of the story here: Park Group Cash Rich, Growing, And Yielding 9.6% 13.5p 1.7.2008 We re-iterate our positive view of Christmas Savings and Corporate Voucher specialist. This is possibly the most interesting share in the financial sector, and possibly also one of the safest. Unlike some so-called 'banks' that were once many hundreds of times its size: Park Group has not cut its dividend in fact we believe that the dividend will be increased in each of the next two years. It has never dreamt of stooping so low as to pay a dividend in shares only. Park Group has not had to write down any assets. Park Group has not had to come running to investors, the Bank of England or the Government for financial help. A Rights Issue is out of the question. A capital repayment is actually more likely, as this company's massive cash generation builds up surplus capital in 2009 and 2010. Our estimate for y/e March 2009 is top of the range, and we are comfortable with it. If interest rates average 5.5% or above over the peak cash months of July November we shall be upgrading. This year, 47% of profits will come from interest income. For y/e March 2010, there is potential upside beyond our forecast because a) we have assumed average base rates of only 4.75% and b) we have assumed EBIT margins of only 1.47%, compared to the 2.2% earned in Park Group's last 'normal' year, to March 2007. Park Group is the only company in the financial sector that can honestly say it has no problems currently. We expect 17% revenue growth this year, 10% the year after. And the yield is a truly exceptional prospective 9.6%. |
Posted at 24/1/2004 13:12 by renegade master agree Oscar- robbie is just a private investor - we should all make up our own minds about buying and selling - I certainly do. I find him handy as some of his ideas are good.But let's forget about him and discuss our own ideas! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
