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PGI Pgi Grp

8.75
0.00 (0.00%)
16 May 2024 - Closed
Delayed by 15 minutes
Pgi Group Investors - PGI

Pgi Group Investors - PGI

Share Name Share Symbol Market Stock Type
Pgi Grp PGI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.75 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.75 8.75
more quote information »

Top Investor Posts

Top Posts
Posted at 24/4/2009 10:14 by 4johnb
Roditi has destroyed, in one fell swoop, the reputation he has built over a
lifetime of working as an investor. Why he has done this, and why he has
effectively waved the white flag is beyond me. Many investors in PGI came on
board due to his presence. I also have to say that I am disgusted with the
independent board. Surely they have a duty of care to the minorities.
Posted at 23/4/2009 20:29 by traderinthemaking
I'm not planning to sell until knowing the full details, there is no point selling now as some investors will get scared and sell way to low tomorrow... And the delisting won't happen overnight so let's sit tight and wait :)
The other option is to snap more stock at rock bottom prices :)
Posted at 30/11/2008 16:10 by lcoumetou
In comparison to Erik's holding, my holding is tiny (ridiculous even) but I still believe that for the long-term, this share is a winner...
I cannot imagine that someone would have bought 3.75m shares @ 18.5GBX in a dying company. Would an investor gamble 693k GBP for the glory, I don't think so but I may be completely wrong...

Anyway, I expect this stock to remain at its current level or to slightly drop after the current bear rally but expect good news in H1 09.
Posted at 01/9/2008 20:52 by donaferentes
I guess the way Putin and Russia in general are behaving towards John Kinnock, BP and Georgia these days could make sane investors wonder about the property rights on our major St P investment. Do you think this is causing instis to sell.

On the other hand Roditi holds so may there has never been a proper market in these shares.
Posted at 19/8/2008 12:35 by eriktherock
RNS Number : 6140B
PGI Group PLC
19 August 2008

19 August 2008

PGI Group PLC

Exercise of option to acquire 20% equity interest in fund management vehicles relating to
Jensen Russian Real Estate Fund II, L.P.
Following the announcement made by PGI Group PLC ("PGI" or the "Company") on 30 June 2008,
the directors of PGI Group PLC announce that
it has been notified that a new fund, Jensen Russian Real Estate Fund II, L.P., a fund for
investment in Russian real estate, (the "New
Fund") has effected its initial closing, with commitments from investors totalling US$61.7
million.
The Company has elected to exercise its option to subscribe for a 20 per cent. equity
interest in each of the general partner, the
manager and the carried interest partner (each a "Fund Management Vehicle") of the New Fund at
an aggregate exercise price of US$1. The Fund
Management Vehicle which acts as general partner of the New Fund has committed to make capital
contributions to the New Fund equal to 1% of
the aggregate capital commitments of all its limited partners (including those who commit
under subsequent closings by the Fund) up to a
maximum of $3.5 million and the Company has in turn undertaken to fund 20 per cent. of any
sums payable by the general partner to meet this
commitment, so that the Company's funding commitment is for a maximum of $700k.
Mr Wayne, the former Chief Executive of PGI, who resigned on 24 July 2008 but remains the
chief executive of the PGI group's Russian
property fund management operations, currently owns the other 80 per cent. of the equity in
the Fund Management Vehicles and the Company has
entered into a shareholders' agreement with him regarding the operation of the Fund Management
Vehicles. Under this agreement the Company's
equity interest in the Fund Management Vehicles is protected from dilution.
Posted at 14/7/2008 21:14 by eriktherock
AND he is looking for a strategic partner/investor.
Posted at 14/7/2008 21:11 by elmfield
and he had a lot to do with J Rothschild, ie made a lot of dosh for Rothschild inv trust, or what ever it was back in the 80's, and some of us lucky early investors, RCP is still a core holdings for any portfolio, IMV
Posted at 12/7/2008 18:10 by eriktherock
True John, but the PGI share price fall is all about the risk to the new revenue stream from property in St.Petersburg. My point is of course, that the Jensen/PGI relationship and all proceeds from the same is unchanged. Sure the CEO leaving is problematical as is the disposal of his 9.2m shares. If, however a strategic investor (RAB) take-up the stock instead of Nick Roditi then the picture will be much different, which is why I'm a buyer.
Posted at 07/2/2008 11:37 by eriktherock
Yes 359k showing Bid 46 offer 48. I see we now have SIX Market Makers. I'm reminded of something that was said by our Chairman a few years back to do with making the Company more media friendly and also more appealing to Institutional investors. But I can't remember what it was.
Posted at 29/1/2008 17:58 by eriktherock
Was that your 35K @ 45.5p this morning dona?
If Nick would release around 7% of his holding for institutional investors then a £1 per share would be realized. In the meantime we'll just have to wait for Robert Mugabe to pass into the next life/death and trust our CEO for the new direction of the Business. Maybe a Media Relations Officer is in the pipeline, this would generate more interest/investment imo.