Park Group Share Discussion Threads

[a1samu] 18/1/2016 11:34

Why does Park not take over Findel, or merge with it?

[78paul] 29/12/2015 17:18

ive been in switzerland over xmas and ive not seen him. good luck for 2016 everyone...

[gfrae] 29/12/2015 10:34

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.

[jeff h] 28/12/2015 14:04

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.

[knausy] 28/12/2015 13:14

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.

[mw8156] 28/12/2015 11:46

So does Park qualify for inheritance tax relief and if so why didn't the chairman keep some?

[knitcraft] 28/12/2015 10:47

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.

[topvest] 25/12/2015 08:58

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.

[knitcraft] 24/12/2015 21:45

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.

[gfrae] 24/12/2015 21:18

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.

[topvest] 24/12/2015 13:30

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.

[mctmct] 24/12/2015 12:21

gfrae

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.

[gfrae] 24/12/2015 11:36

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.

[mctmct] 24/12/2015 11:10

Topvest

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: [phone]

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.

[a1samu] 24/12/2015 08:51

This will be over £1 by the time of the interims, just relax. This stock is for long term holders and in time it will trade over £3.

Load up if you can and place the certificates in the bottom of the drawer and enjoy ever increasing dividends and capital appreciation.

[topvest] 23/12/2015 17:54

Yes, its disgusting. No doubt they are buying back in now. Blame the NOMAD. How this didn't warrant an RNS is totally beyond me. AIM really does have to clean-up if this sort of thing can happen with one of its best companies.

[78paul] 23/12/2015 07:43

thank you - i suspected something was afoot as there were loads of 10k sells going through last couple of weeks...then there would be a few buyers, then more 10k sells, no doubt insiders...

[topvest] 23/12/2015 07:03

He took a lower price no doubt, because its 30% of the company. That's a lot of stock to find a buyer for. The share price had moved up very strongly and maybe a tad ahead of itself. Think this is a buying opportunity to be honest. Can't understand the rubbish AIM regulation that the NOMAD thinks this is not worthy of a full announcement.

[coolen] 22/12/2015 20:46

In theory, he should not be aware of the need for a trading update.

So, in theory, members should be reassured that the next figures will be completely in line with "market expectations".

In practice, however, the buying institutions will be probably now have a good idea of current trading, unlike PIs.

[78paul] 22/12/2015 19:12

im not an expert in this, but why did he settle for 65p
when the share price was near 95p a few weeks back ? is it normal to accept a lower price when youre off loading this many shares ?

[topvest] 22/12/2015 18:24

You would have thought he might have kept a few. No doubt it's all part of his estate planning. Probably good news for the company mid- term. At least he hasn't been greedy. Timing all a bit odd but perhaps he is about to retire after a very successful career. Let's hope he enjoys it! Still think they have handled this rather poorly though - it should have been subject to a proper announcement a few days ago as some investors have no doubt profited from this through a press leak. Hopefully we will get a proper announcement in the morning, but it should have been a few days back. Rubbish AIM regulation yet again and the nomad hasn't covered themselves in glory!

[mctmct] 22/12/2015 17:30

RNS (finally):

Park (AIM: PKG.L), the UK's leading gift voucher and prepaid gift card provider, announces that the 1989 Peter Johnson Settlement Trust (the "1989 Trust") and Huntress Nominees ("Huntress") through which Peter Johnson, founder and Non-Executive Chairman of Park Group, has a beneficial interest and the Johnson Foundation (the "Foundation") through which Peter Johnson is a trustee and has a non-beneficial interest has today sold 50,210,520 Ordinary Shares at a price of 65 pence per ordinary share.

Following the sale, Peter Johnson, Non-Executive Chairman, through the 1989 Trust, Huntress and the Foundation no longer holds any ordinary shares in the Company.

[knitcraft] 22/12/2015 16:06

Thats all of them gone. Should be a rally now back to mid 70's at least.

[topvest] 22/12/2015 15:51

Surely they should have issued an RNS - rather unprofessional not to.

LONDON (Alliance News) - Peel Hunt on Tuesday said it is acting as the bookrunner as Peter Johnson looks to sell a 27.3% stake in Park Group PLC, the company he founded and chairs, for GBP32.6 million.


The chairman is seeking to sell 50.2 million shares in Park Group, a multi-retailer voucher and prepaid gift card business, at 65.0 pence each, in an accelerated bookbuild with institutional investors.

Arden Partners is the lead manager on the placing. The books are due to be closed by 1700 GMT Tuesday.

The stake is held through the 1989 Peter Johnson Settlement Trust, Huntress Nominees, and the Johnson Foundation.

The chairman has a beneficial interest in the 1989 Peter Johnson Settlement Trust and Huntress Nominees, and a non-beneficial interest in the Johnson Foundation.

Shares in Park Group were down 9.0% at 68.00p on Tuesday afternoon.

[topvest] 22/12/2015 15:50

oh yes, Chairman selling out at 65p. Not a problem I guess as he is too old to continue running the show. Surprised at the price though. He would have been better placing smaller blocks over time. Institutions getting a good deal as this is still a fabulous company.