Pgi Group Share Discussion Threads

[eriktherock] 01/5/2009 13:49

How can I be so sure it's the bottom ? Because at the bottom, the last bulls think about throwing in the towel.

[eriktherock] 01/5/2009 13:30

I love this bit, reminds me of the last Construction industry recession in 1990 when Directors were offering staff voluntary redundancy lol.....................
" Nonetheless, shareholders who wish to offer their shares for sale in the market prior to cancellation of the listing will continue to be able to do so."

[eriktherock] 01/5/2009 13:23

I quite fancy the prospects of going private but look forward to reading the details. Sellers all out the way maybe.

[eriktherock] 29/4/2009 22:08

Does look cheap if the St. Petes property right-down is it. The divi is 2.5% approx (better than Halifax)

[topvest] 24/4/2009 20:50

Well this is a real shame. PGI have been listed for years. I suppose the company may well do better as a private company, but sad to see them disappear. Haven't held these for years, but kept a watch.

[4johnb] 24/4/2009 16:16

Not that it will help at all, but I will write to the company and to the
advisors.

[elmfield] 24/4/2009 13:56

disgusting.

[africahand2] 24/4/2009 11:50

4Johnb

I agree. I've just been wiped out by this disgusting behaviour. What happened to long term growth and protecting minorities? Shocking.

[4johnb] 24/4/2009 10:14

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.

[elmfield] 24/4/2009 08:05

here here!

[jotoha2] 24/4/2009 08:02

Usual story...hit small holders where it hurts ! Thats the problem in building a position with little liquidity and lack of interest ...best of luck.

[traderinthemaking] 23/4/2009 20:29

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 :)

[eriktherock] 23/4/2009 19:52

TITM, One thing to do is to not worry about it. Unless you want to be part of the private Company and find your holding pretty much illiquid, then you may as well sell in the market whilst there is the opportunity. No rush though as we're pretty much at a bottom in terms of market capitalization ( which, of course, is why this action is being taken now) so maybe wait on the details or get 8.25p in the morning.
Oh, and remember, the current year has started well, and rainfall in Southern Africa has been more or less normal. Tea prices appear to have stabilised at levels well above the
average of the past five years. We are also benefiting from the strength of the
US dollar, with all our overseas earnings denominated in that currency or
currencies pegged to it. If these factors continue, we should produce a
satisfactory result in 2009.

[traderinthemaking] 23/4/2009 19:38

But if you are not a major shareholder, should you expect the share price to tumble at opening or can the share price still go up? That's what is puzzling me as the results did not look to bad to me :-/

I also see the point for a major shareholders but personally I was having a *small-ish* position so I don't know what to do next...

[eriktherock] 23/4/2009 19:36

What can be said in regards to all those negotiated trades @ 8.25p in 100k & 250k blocks over recent weeks, hmm. There'll be some small holder selling tomorrow but will they get 8.25p ?

[eriktherock] 23/4/2009 19:22

Makes sense for the major shareholders I suppose. I have no problem with it and look forward to receiving the detail. Divi maintained. I love this bit though >

The directors of the Company have explored the possibility of the Company or the
directors offering to acquire the shares of members who would not wish to
continue to hold them after the cancellation of the listing but, as a result of
a number of regulatory requirements, the cost of doing so would have been
prohibitively high to the Company. Nonetheless, shareholders who wish to offer
their shares for sale in the market prior to cancellation of the listing will
continue to be able to do so.

[traderinthemaking] 23/4/2009 19:00

erm, I was not expecting the proposed cancellation of listing of the ordinary shares on the Official List....

What do you make of it?

TITM puzzled...

[eriktherock] 22/4/2009 17:26

Mate, I used to be in contact with Steve Wayne when he was CEO. He's advised me that he'll be here for the long haul and will make the Company great, knows all the major shareholders and they're not sellers etc. Best just to pray and go with what gives you peace mate.

[traderinthemaking] 22/4/2009 17:21

Hi Erik,
If you get a chance to speak to Steve Wayne, would you mind sharing the update?
Thanks
TITM

[eriktherock] 22/4/2009 16:29

It's not as though I can speak to Steve Wayne and ask for an update on results :-(

[eriktherock] 20/4/2009 15:14

No longer can you get any volume @ 8.75p unless by negotiation lol.

[eriktherock] 20/4/2009 14:14

Monday a good day to release good results, Friday a good day to release bad results.

[bert589] 19/4/2009 16:05

Is there a reporting schedule for this company?

below is what I found for 2007/2008 - nothing for 2009
I assume that we should be expecting some news soon?

1. Regulatory Announcements

8 June 2007 Annual Information Update
26 June 2007 Result of AGM
13 July 2007 Directorate Change
20 July 2007 Blocklisting Interim Review
6 September 2007 Interim Results
2 January 2008 Directorate Change
25 January 2008 Blocklisting Interim Review
15 April 2008 Final Results
8 May 2008 Annual Report and Accounts
15 May 2008 Interim Management Statement
30 May 2008 Total Voting Rights.

2. Documents filed at Companies House

27 June 2007 Copies of Resolutions passed at AGM
15 August 2007 Form 288a – Appointment of Director or Secretary
2 January 2008 From 288b – Terminating Appointment of a Director/Secretary.
21 May 2008 Form 363s – Annual Return.
28 May 2008 Form 88(2) – Return of Allotment of Shares.


Information sent to Shareholders

6 September 2007 Interim Report 2007
15 April 2008 Report and Accounts 2007
15 April 2008 Form of Proxy for use at AGM

[eriktherock] 14/4/2009 21:10

lol TITM " I will not be able to follow the action..."