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Park Group Share Discussion Threads
Showing 376 to 399 of 400 messages
|Good trading update today in agm statement. Core business growing sales nicely. Profits of course struggling, due to low interest rate environment on the £200m funds it holds.But I note today that the US Feds finally getting around to maybe raising interest rates later this year. Hopefully BoE next year as Brexit recession fears fade and inflation through weaker sterling starts to bite. Meanwhile a good 5%+ dividend that is well covered and also some new products that could spur further growth.|
|We are now back to the levels that Peter Jackson sold at. It appears ,with hindsight, that he did a good trade.|
|I think it's as a result of the slight downgrade-see Edison note.|
|why is the share price falling after the appointment of Laura Carstensen?|
|Read Edison’s note on Park Group (PKG), out this morning, by visiting www.research-tree.com …
“Park has issued a trading update ahead of the release of preliminary results for the year just ended (31 March 2016) on 7 June 2016. Trading ahead of Christmas continued the strong trend of prior periods and management says that it expects the FY16 results to be broadly in line with market expectations. It describes the early order indications for FY17 as encouraging, although there are some signs that general macro headwinds have increased. We have very modestly reduced our earnings estimates, which we believe were slightly ahead of consensus…R21;|
|But still not bad. Very hard to find companies that are actually reliably growing their earnings in these low inflation days,this one is and looks like it can continue growing for some time. It is also naturally hedged against higher interest rates (when we eventually see inflation again).
Very reasonably priced on a p/e ratio under 15, with no debt and net cash.|
|trading statement yesterday...
i dunno it just seemed to me that the update they gave end of last year was designed to ramp the price up a bit so peter johnson could bail out for as much as poss...then yesterdays update was a bit deflating to be honest...was expecting it much more upbeat...|
|Supermum Laura Carstensen with six kids to be chairman.
She is known for Blue Banyan Limited and Horlica, small enterprises, where will she take Park?
Well managed transition, since the time she was appointed a non executive director on the 13.9.2013.
This must have been a possibility when she was appointed then.
The time in the meantime, gave everybody an opportunity to confirm suitability all around.
Park needs vision, leadership and enterprise, does she have those qualities?|
|Edison's write up (on Park website) was before the Interim figures. The Interims seem to be well ahead of Edison's assumptions and my rough calculations suggest that EPS should be around 5.7P per share against Edisons just over 5P.
|John Denbitz is deputy chairman.
Why is he not considered an automatic successor to Peter Johnson?|
|Why does Park not take over Findel, or merge with it?|
|ive been in switzerland over xmas and ive not seen him. good luck for 2016 everyone...|
|Thank you for the above information,which puts the matter into perspective. I am sure Mr Johnson made the right decision according to his circumstances, which are none of my business.|
|Peter Johnson retiring and selling up has been likely for some time. He relinquished control of Tranmere Rovers FC last year and before that he had moved from the UK to live in Switzerland.|
|I'm sure the Chairman was given the relevant advice and made a decision. We do not know his personal circumstances and what led him to make that decision but, with his Chairman's salary and his many other interests, I'm sure he'll survive quite comfortably. It's also worth bearing in mind that there are no pockets in a shroud which will come to us all in due time.|
|So does Park qualify for inheritance tax relief and if so why didn't the chairman keep some?|
|Iagree with your views Topvest, AIM is best avoided in most cases. Park is an exception. The share price would be far higher if Park were listed on the main market.|
|I don't think anyone is criticising Peter Johnson in any way. I'm certainly not. I'm criticising the advisors and the AIM rules if this is the way that such deals are dealt with and market sensitive information leaking without any remedial action.
Happy Christmas to all. I'm happy to hold Park Group long-term. If I knew what was going on, through an RNS, I would have also topped-up.|
|I could say a lot but unable to do so. Suffice to say that the seller is enjoying life out in Barbados with his extended family over the Christmas period.
I feel sure he is 100% happy with the way the sale was handled and all the conjecture on here is totally all wrong.
He is an elderly guy with a philanthropic outlook on life who is realistic to the problems of disposing of a large percentage of any company.He started the company and has seen it grow to the point when he still held 80% of the company after it was originally listed.
He has no need for more cash so the majority is held in charitable and family trusts.
Basically "the man made good" and has left a superb growth company in sound hands both management and shareholders.
Watch the share price continue to move back to recent highs and then on to new peaks. £2 - £3 is not an unreasonable target in the next couple of years. Penty of scope for dividends as well.
Hold on if you are already invested and look to buy, particularly on any short term dip.|
|There are many bad things going on on AIM but without knowing what the client's instructions were to the broker and what his advice was to his client it is hard to judge who if anyone was at fault.
If there had been an announcement at the beginning of the day that the chairman wanted to sell 27% of his company (perhaps he wanted the money by Christmas day) the price might have fallen to 65p with no sale.
I agree that it looks as if the sale has been badly handled,and if I were the client I would not be very happy,but I can not see that necessarily anything underhand has been done by the broker,though it certainly appears that there was front running of the order.
I am annoyed that I wasn't offered stock at 65p.|
|I fully agree with comments mctmct - spot on.
The LSE need to look at this. AIM is shambolic at the moment. Maybe it always has been.
How can this sort of placing, which is very material to PARK, be released to the press before any RNS. It is clear that a number of parties were privy to price sensitive information days or weeks before the director shareholding RNS - evidence - look at the share price fall off the end of a cliff. The regulators should be looking at unusual trades / shorting the stock for the days in question.
It is not on and the NOMAD should really take a look at itself. They may have applied the rules, but the rules are broken if this sort of thing can happen to the best companies on AIM. Surely, if AIM was working properly - at the earliest sign of a price movement they should have announced what is going on. Really poor.|
My criticism (not "excitement")is not provoked by disappointment that there wasn't an open offer. In my opinion, the sale was mishandled, most notably in that Alliance News published the sale three hours before the RNS was published, according to the timings shown on the ADVFN news listing for Park. The RNS (RNS Number : 9447J) then appeared at 16.39, instead of at 07.00 before trading started that day, which would have allowed for better informed trading.
It appears that the shares were placed with the institutions that have subsequently issued RNS about their increased holdings, and somewhere during the placing the price-sensitive news leaked and there was insider trading. I'm confident that as usual,the market regulators will take no effective action.
In my view, this was incompetent. The placing could have been announced to the market and this could have avoided the insider trading. I think it's reasonable to blame the NOMAD.|
|I think you are getting over excited. I agree that it is very disappointing not have been offered some stock,however the broker was probably doing his best to execute it's clients instructions.
The people I would be angry with are those who front ran the transaction,probably your seller in 10k clips,I would have thought that they have broken insider dealing rules if not laws and should be named.|
I agree. Naming the guilty (shaming would be too much to hope for) the PARK website shows their NOMAD as
Arden Partners plc
125 Old Broad Street, London EC2N 1AR
Tel: +44 (0) 20 7614 5900
Is there an easy way to find all their other clients? It may be worth looking very carefully before investing in any of them. Or, at least, asking some searching questions at the next AGM.|