Panmure Gordon Share Discussion Threads

[meijiman] 23/10/2015 12:19

Yes he's far too talented for this shower. He should be running the firm in my view -a wasted asset.

[meijiman] 23/10/2015 11:56

Yes I heard that as well!

[meijiman] 23/10/2015 11:46

The people running this are terrible -not a patch on the proper chaps who once ran the firm so expertly eg Mr Cameron.

[isis] 23/10/2015 11:31

The share price makes no sense though - the loss was very small comparatively and with the markets picking up I expect M&A and IPO's to be on the agenda again.

[salpara111] 23/10/2015 10:13

Genuinely amazed that the CEO has not been made to walk the plank here.
Relieved that I got out for "only a 35% loss"

[isis] 06/10/2015 15:17

hope that 15k is a buy - although you never know with this share!

[isis] 05/10/2015 15:51

As far as the share price goes this has been a dismal share. Most Brokers have doubled or more since I've been dabbling in this.

Share structure is all wrong too.

CS newcomers should be buying.

[isis] 02/10/2015 09:02

This might kick the IPO's off again:-

Equiniti set to float

Friday, October 2, 2015 - 07:22
Equiniti, a leading provider of technology and solutions for complex and regulated administration and payments, has announced its intention to proceed with an initial public offering ("IPO") in London.

The company provides solutions supported by leading technology platforms to a wide range of organisations, including around 70 of the companies in the FTSE 100. It is the UK's leading provider of share registration and associated investor services, and also has market leading positions in administration of employee share plans, pensions administration and software, and employee benefit schemes.

Equiniti supports clients in a wide range of industries and has particular strength with clients in the banking, insurance, other financial services and outsourced government services sectors. It had revenues of £350m for the twelve months to June 2015 with an EBITDA of £82m.

Guy Wakeley, CEO of Equiniti, said: "We are very much looking forward to the next stage of our corporate journey, with Equiniti ideally suited to life as a listed company.

"The IPO will align us with the markets we serve. Our highly scalable proprietary technology platforms sit at the heart of the United Kingdom's financial and capital markets, providing complex administration and payment services to half of the economically active population. The IPO will enable Equiniti's management team to continue its proven growth strategy, whilst benefiting from a growing market and favourable trends towards outsourcing, greater regulation and digitalisation.

"Equiniti has leading market positions and longstanding working relationships with c.70% of the FTSE 100 and we see significant headroom for further growth.

"By leveraging our existing core capabilities, and developing and acquiring new capabilities to broaden our complementary suite of client administration and payment services, we can continue to provide excellent client service and further grow the business. Equiniti has an attractive and resilient financial profile, with robust margins and strong cash generation."

[isis] 01/10/2015 10:57

I think this latest malais in the sector signals some consolidation, so we could either see Panmure picking up another brokers corporate clients or themselves being takenover.

Well I hope so anyway.

Had done well with this until now but would not sell at this level.

[adamb1978] 01/10/2015 10:18

Was thinking of throwing in the towel on this one however its now trading at less than its net current assets (ie current assets less current liabs) - market cap is about £14m, CA - CL = £17.5m

And you can then add to that another £3m tangible fixed assets (writing off the intangibles)

AND this ignore any asset value which comes from the CS acquisition

There you can justify holding this on a Benjamin Graham type approach

[isis] 30/9/2015 19:40

Yes very disappointed here.

The Guy with the big holding may up his stake - although I doubt there is that much stock about tbh.

[discodave4] 30/9/2015 19:07

Had hoped this may have bounced back a smidge today so called off load.DD

[isis] 29/9/2015 21:47

No point in hissy fits - this is a Global Thing:-


FT Headline:-


Equities set for worst quarter since 2011
Fears over global economy unsettle investors

[topvest] 29/9/2015 20:10

I think there has been a bit of an over-reaction today. The results are basically break-even, and are impacted by more redundancy costs. You have to ask the question - what revenue would Numis or Cenkos make out of 142 clients? Much more than Panmure Gordon do. If the majority shareholder wants out then these are a fantastic buy. Cenkos could double their client list for £20m. They even have a better brand name! I'm holding these as I think they are very good value and must be vulnerable to a bid.

[meijiman] 29/9/2015 18:14

I wonder why young David didn't fancy joining PG-after all its still a business where connections matter. Suspect he realised the best days in broking were long gone-probably ended as a great lifestyle for 'posh' chaps with big bang.
What a truly awful job it is today -no fun, no long lunches, and masses of compliance!

[isis] 29/9/2015 18:11

Overreaction I think - I'm sure a bidder would be tempted down here.

£6m more cash than mkt cap???

fkn ridiculous.

[isis] 29/9/2015 15:40

100k traded buys and sales and 25% down.

Bad liquidity and PI's throwing in the Towel.

I doubt the other Brokers fared much better through the recent stockmarket malaise though but who knows.

This Volatility virtually paralyses the markets.

[topvest] 29/9/2015 15:34

Yes, not good results. They really need to look at Cenkos and do what they do. There is quite a lot of value here. They must be in pole position for a bid given the brand name and quality of business.

[isis] 29/9/2015 15:26

I think these are lower than in the Financial Crash when they made big losses.

Time for a bid perhaps?