Paragon Entertainment Share Discussion Threads

[cockerhoop] 14/6/2016 23:24

PJ1,

Third time lucky!!

The ratio of current assets to current liabilities has improved markedly over the 12 months from 0.85 to 1.17 which is a much healthier position and explains the cash outflow.

[ramas] 14/6/2016 22:52

Profits yes cash flow not too hot ... Needs cash to remain solvent ... Placing imminent IMO dyor

[1savvyinvestor] 14/6/2016 14:52

The spread is now obscene. 1.35 to sell decent amount. 1.57 to buy. No wonder it's dried up

[cockerhoop] 14/6/2016 12:15

PJ1,

Sorry, that wasn't my point. Receivables have actually only increased inline with %rev increase whilst payable have dropped significantly. Perhaps they're getting better rates for earlier payment.

I'd be much more concerned with a sharp jump in receivables and static payables.

I feel I'm doing a worse job trying to explain a 2nd time :-)

[pj 1] 14/6/2016 11:20

annonymous2 14 Jun'16 - 10:09 - 1290 of 1291 0 0

Should be took private or delist and use the £150 listing costs as a dividend
instead, that would yield 6-7% at current levels.
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That all depends on their future plans. If they can generate some cash then surely an acquisition of a (profitable) visitor attraction could be on the cards? It would help to even out lumpy Revs and improve cash flow, and fill quiet manufacturing periods.

edit, not now!

[annonymous2] 14/6/2016 10:09

Should be took private or delist and use the £150k listing costs as a dividend
instead, that would yield 6-7% at current levels.

[1savvyinvestor] 14/6/2016 10:05

Typical reaction on AIM to decent results. Really hope directors buy more but we need a bit of private investor excitement. This is a real company in a profitable market with prospects on an insanely low market cap. But they really need to show and communicate excitement

[cockerhoop] 14/6/2016 08:16

Regards Cash there has been a large reduction in trade payables (£2m)with no corresponding decrease in receivables (only £300,000) which may unwind this year to more normal levels creating a cash inflow going forward.

[fft] 14/6/2016 07:42

It all sounded really good, and the enthusiasm shone through the statements, especially wrt to 2016 and 2017. Then we got to the cash flow. And the underlying EPS...It does sound as though they have righted the ship and progress should be strong going forward. Hopefully they will RNS more in the future with updates and they will get results out quicker !!

[playful] 14/6/2016 07:37

That's not too bad but the cash position is what we worry about but nevertheless a commendable performance considering the headwinds.

[playful] 13/6/2016 09:19

Only 24 hours away now anticipation is building.....Only one big sleep

[dontsweatit] 08/6/2016 21:03

Knowing the history of this Company then the bets are on there is definitely something unexpected in the Results

[pj 1] 08/6/2016 15:00

Less than a week to the long awaited Results. Unless anything really nasty in them then I would think the outlook statement will be key. Hopefully we can glean some feel for margins.

Whilst we all focus on growth and the top line figures I'd like to see going forward a minumum 25% Gross profit, and if growth was ignored, then the 2014 operating costs if held would both give a theoretical £300k boost to EBITDA alone. On a fundamental basis that would double todays share price imo. Easier said than done obviously but I'd hope the new COO has been given some demanding cost targets to achieve.

[playful] 02/6/2016 22:33

Me too, still got my seat belt on...

[janeann] 02/6/2016 20:36

thanks PJ - watching and now waiting with interest.

[dontsweatit] 02/6/2016 20:20

Why did they not explain this earlier. How many have sold out waiting for Results it would have made us feel so much easier you cannot treat stake holders this way

[pj 1] 02/6/2016 17:16

Q&A Forum

Why have your 2015 results been delayed - when will they be released?
2 June 2016

We are now required to report in terms of FRS 102 which has replaced UK GAAP with effect from 1 January 2015 (see for detail). These changes are extensive and we have erred on the side of caution in finalising our first audit under this new reporting standard.

The results are expected to be released on 14 June 2016.

If we have any reason to believe that they will not be in line with previous market guidance, we are obliged to make an announcement in an RNS. No such announcement has been made.

- See more at:

[fft] 02/6/2016 16:06

FINALLY !! and not a good reason for the delay


Notice of Results & Adoption of FRS 102

Adoption of FRS 102

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that, following the publication of FRS 100 'Application of Financial Reporting Requirements' by the Financial Reporting Council, it is required to change the accounting framework for the financial statements of its UK subsidiaries, which currently adopt UK GAAP.

For the year ended 31 December 2015 and future years, the Company's UK subsidiaries intend to adopt FRS 102 which is based on International Financial Reporting Standards as adopted by the European Union ('IFRS'). As part of the adoption of FRS 102, its UK subsidiaries intend to take advantage of the "Reduced Disclosure Framework" available within FRS 102.

The group's consolidated financial statements will continue to be prepared in accordance with IFRS and are unaffected by this adoption.

Notice of Results

The Company will announce its audited final results for the year ended 31 December 2015 on 14 June 2016.

Shareholder approval to adopt FRS 102 is not required. However, objections to the use of disclosure exemptions may be served by a shareholder or shareholders holding in aggregate 5% or more of the total allotted shares in the Company. Any objections must be served in writing to the Company Secretary at the Company's registered office

[the grim reaper1] 31/5/2016 22:53

It says on executive Chairman Mark Taylor's profile that no matter where he is he is always answering/ or on his phone. Has anyone any contact mobile detail for Taylor or the Non exec Marty Baratt? dIDNT he give contact details via the last agm meeting via telephoneconversation @the madstork

[the grim reaper1] 31/5/2016 22:38

1savvyinvestor 22 Apr'16 - 10:42 - 85 of 85 0 0

It will be interesting to see whether interest grows moving into may with results coming . I'm very positive that they will beat forecasts

It looks like you have a big history of calling this wrong, follows on from your last post. May has come and gone with no results and no beat of forecasts. ramping it for a quick get out. buyers beware. you have guts to say that there will be no worries with results? a. hole. where do your forecasts materialise from Mars?

[pj 1] 31/5/2016 22:15

wrong thread

[playful] 31/5/2016 13:06

We would certainly have some mention of the "Big Red Skip" as to the possible whereabouts of our documents

[cockerhoop] 31/5/2016 12:57

I just love the use of "Lost Documents" to add gravitas! :-)

"The Truck"