Perform Share Discussion Threads

[matplum] 13/12/2013 10:05

Interesting that a 6% loss of revenue wipes £650 million of the company value?

Now that does make sense.

[masurenguy] 13/12/2013 09:37

This caught my eye this morning.

Warning wipes 60% off Perform's share price

One of the world's leading providers of television sports footage delivered a profit warning yesterday that halved its stock market value and sent shockwaves reverberating through the digital media industry. Perform Group revealed that its soaraway growth had stalled in selling video rights to sports events.
Its shares crashed by 58% to 180p, wiping £650 million off its market value. The warning revealed that revenues for this year would come in 6% below the board's expectations, and that growth would be kept to in excess of 35%. Earnings would be "significantly below" what had been expected.

The profit warning was all the more surprising because in a statement a month ago, Perform had talked of "strong growth across all revenue segments". In particular, the statement confirmed that "advertising and sponsorship is on track to deliver strong growth over the full year." However, that statement itself contained a warning relating to another side of the business, technology and production. David Reynolds, an analyst at stockbroker Jefferies, said: "We thought 2013 would bring challenges for Perform, but not that they would emerge in first technology and production and now display advertising. A real knock to management credibility and mistakes have been made."

More........

[sos100] 13/12/2013 08:12

bouncy this morning...

[werty5] 12/12/2013 21:24

Think I will wait for the 20 day sma to poke it's head above the 50 day sma before even thinking of investing in this. Sorry to all the folks who got their fingers burnt today.

[knigel] 12/12/2013 19:40

Cheers kammi1 - don't think anyone should expect an quick buck here - it needs to settle first

[warranty] 12/12/2013 19:38

With such good value in more transparent and quality shares at the moment and likely to get even better still, why would you gamble on this when it was probably vastly overvalued recently anyway??

[kammi1] 12/12/2013 19:28

FT, says Panmure Gordon has put a valuation on this stock of 145p !!!!
Kammi

[tiger20] 12/12/2013 17:57

4 Directors sold millions of poundsworth of shares about 6 months ago-I sold out at that stage.

Difficult company to understand rapid expansion but where did they get their money from - wouldnt be suprised if they came back up-but not for me just yet.

[bulltradept] 12/12/2013 16:14

These growth stocks have a habit of surprising ask Sap about IMG..

[bulltradept] 12/12/2013 16:12

Knigel, I may buy it, one day, but first let's see where they are trading next year once the city analysts have run their rule over it.

[knowing] 12/12/2013 15:56

hxxp://sharecast.com/news/perform-group-dives-on-revenue-and-ebitda-warnings/21356492.html?

[matplum] 12/12/2013 15:50

could it be a take over target at this price?

[knigel] 12/12/2013 15:40

Both had profit warnings. Most companies recover in time. LAM had 3 warnings i recall. Thats the poss risk here. Added 180p happy to hold not retiring for 20 years lol

[knigel] 12/12/2013 15:38

What would i get by paying? Not a lot for a private investor. If u want to post all day on a share u have no intention to buy or short up to u. Seems strange imo

[bulltradept] 12/12/2013 15:33

LAM & PER are completely different beasts. Apples and Pears.

[bulltradept] 12/12/2013 15:32

Because, I pay for this service ole chap.

Which is more than I can say for you, it would appear.. :-)

[knigel] 12/12/2013 15:25

35% growth this year. 20% next. If you can hold for more than a few days u should see a profit at this level. I recall the panic on Lamprell a while back. It took time but confidence came back

[knigel] 12/12/2013 15:22

So why are you here?

[bulltradept] 12/12/2013 15:22

They are all old recs Knowing.

[bulltradept] 12/12/2013 15:20

Another auction called, never seen so many auctions in one day on a stock.

[bulltradept] 12/12/2013 15:15

Knigel,

The derampers didn't knock some 350 mill odd of the market cap did they, PER did that all by themselves!

And no, I'm not buying although a lot of PI's did around the £2.00 mark today I see..

[ukmassy] 12/12/2013 15:05

Can anyone give an accurate assesment of this? Some people are saying buy. Some people are saying even at half of the current price it's still expensive. Who knows what to think? LOL!