PAN Pacific Share Discussion Threads

[bam bam rubble] 03/7/2012 14:05

H1 2011: [£0.526m sales] +£93k margin -£0.992m admin -£0.116m finance = -£1.015m Loss
H2 2011: [£0.486m sales] -£56k margin -£0.537m admin -£0.407m finance = -£1.000m Loss

The gross margin has gone negative so even if all employees and directors worked for free with no listing/legal/finance costs, it would not be a viable business. Include the admin costs (absurdly high for such a tiny company) and the outstanding debt of $2 million and its clear PPA is a basket case with no value for ordinary shareholders.

[bill182] 03/7/2012 13:52

Seems that way. I think it is a case of holding your nerve, as I am sure the company would not have been able to secure the recent investment they have unless there was an opportunity to achieve a decent return.

[dosser2] 03/7/2012 13:44

Well bill down again. Someone doesnt like the future here with us.

[eelbuoy] 02/7/2012 22:20

The company stated that it is a relatively straightforward route to production at Shaw Pit.

There was some environmental issues to be dealt with, noise and dust if I remember correctly , nothing some hose and a bund wouldn't cure I would imagine.

There was a few question marks concerning infrastructure at the site, so now that
LCG has "familiarised " herself with the company and its operations , lets hope there is some progress actually made.

Has the upfront payment been paid ?


The next newsletter is being penned so lets drink to that.

[squire007] 02/7/2012 18:47

AGM ........ soon, we may hear something new and exciting !!!! maybe

[bill182] 02/7/2012 10:49

dosser2 - correct in your statement! Hopefully, we have got all of the bad news out of the way, and I suppose we will not see the turning point until we receive some further positive news. I see the AGM is scheduled for the 23rd July, and maybe that could be the catalyst for some recovery...we live in hope!

[squire007] 30/6/2012 22:36

Do you think they mine the sand that goes in egg-timers !?

Feels like it ;-)

[eelbuoy] 30/6/2012 00:19

Change the name to Rio Tinto ;)

I seem to remember reading that the Pit was a relatively quick set up ?

Not sure if this has been posted before so apologies if it has.

12.
Industrial
R07-022
District of Mission
10100 Shaw Street (Shaw Pit)
Approx. 43 acres
Rezone the Shaw Pit to allow the District of Mission to extract and process gravel from the property.
Bylaw adopted October 6, 2008.
Council has directed staff to negotiate and enter into an agreement with Pan Pacific Aggregates Ltd. to extract gravel from Shaw Pit over a 10 year period.





£1m in revenue gives us 291,000 tonnes sold @ CAD $6 per tonne with today's rate.

Who knows what delights are in store for Astar Minerals next ?

[squire007] 29/6/2012 12:55

Well we will see soon enough if a name change does anything ..!!!

I doubt it ;-(

[charmer1_23] 29/6/2012 09:58

Also worrying is the high cost of sales in relation to turnover, margins are negligible resulting in a meagre £37k gross profit. They also state that the going concern status of the Group & Company is fully reliant on the ability to raise capital through Seda, interesting to see how this unfolds.

[sweepie2] 29/6/2012 09:45

Yes nothing to write home about but I suppose it could have been far worse at least new CEO seems to be busy, hopefully this is the bottom but how come such a small business has such huge overheads. It can't all be on hotels and air travel etc

[charmer1_23] 29/6/2012 08:57

Absolutely nothing in those set of numbers to get excited about IMO. Gross profit of £37k & Admin Expenses of £1.529 mil, net debt has increased slightly. Would like to know what percentage of expenses relate to Director's remuneration & what actions will be taken to reduce the overhead base otherwise further cash call may be required to support the ongoing business. Would like to be proved wrong, only hold a token amount here, nothing to lose sleep over. Regards :-)

[dosser2] 29/6/2012 08:48

Bill - no change in price!

[share_shark] 29/6/2012 07:39

Guys and gals, ADI have a holding in PPA.

You might wish to check their(ADI) RNS this am.

[nicd] 29/6/2012 07:38

Financial Highlights

-- Revenue up 42% to GBP1.01 million (2010: GBP0.71 million)
-- Loss Before Tax reduced to GBP2.02 million (2010: loss of GBP3.97 million)
-- Basic and diluted loss per share reduced to 0.06p (2010: 0.20p loss)
-- Cash used in operations in the period was GBP1.02 million (2010: GBP1.53 million)
-- Net Debt of GBP1.13 million (2010: GBP0.98 million)

[bill182] 26/6/2012 08:26

I would agree that previous management lost all credibility, as well as a lot of investors money!

I could be wrong, but I do think the results this week and the forward statement will be positive. I cannot believe VIR would invest their hard earned cash in to a basket case, or that Yorkville would offer the credit line. Not long to wait to find out!

[nicd] 26/6/2012 07:21

as a long term holder, I regretfully say, PPA insiders have shown a huge LACK of integrity, trousering huge numbers of free shares and remuneration while decimating the share price
Maybe the new lot are better, but no sign so far.

But good to hear from a local, please keep up the posts

[moochy] 25/6/2012 23:56

I'm Canadian and I hold some of these shares. The thing with Vancouver is that even in "world recession" Vancouver is still flourishing. The reason for this is because of immigration, which continues to be strong, especially because of oriental immigration. The people who immigrate to Vancouver, generally arrive with lots of cash. They buy houses and many of then set up small family businesses. This is why demand for aggregates remains strong. However., PPA like many other companies who wish to succeed, require strong and intelligent management, like any other company, even in a growing economy. Although I hold PPA, (small holding) which I purchased two months ago, I do not know if management have the integrity, care, and ability to make PPA a profitable company that can grow year on year. This we shall see. GLA.

[bill182] 25/6/2012 13:48

Is this the lull before the storm! With a current mkt cap of only £1.36m versus net assets of circa £4.0m, this should hopefully move up after the results are released this week.

[nicd] 25/6/2012 09:21

cant wait, not.

[eelbuoy] 25/6/2012 07:02

Hope their better than last nights result.

[squire007] 24/6/2012 23:04

Results not far away ........

[bill182] 22/6/2012 10:28

I have now spoken to Wallbrook who have confirmed that the results we be announced before the end of the month. Hopefully we will hear some soothing words and a positive forward looking statement.

At the current share price, I see this as a speculative buy, and added further at 1.87p yesterday.

[bill182] 21/6/2012 14:50

Anyone got a date for the final results? They will have to be released before the end of June, otherwise the shares will be suspended, and I don't think the company intends that to happen!