Premier Direct Share Discussion Threads

[topvest] 05/1/2007 21:54

Looking very good. I've almost doubled on this already - nice to get the timing just right!

[morwood] 05/1/2007 21:06

Hi doubleorquits,

The debt looks high but PDR have full support of the banks, even through the difficult times of the last year. The debt will be paid down rapidly. The half year reults should show a much improved position. They are also due a large tax rebate (£1m +) sometime in Feb if I remeber correctly.

[doubleorquits] 05/1/2007 19:59

Thanks Ian. Bit of a shock to see that but I reckon I've hit the front too early. PDR and ACMH both flying today and RENE finishing positive after being trashed early on.

PDR graph looks a beauty and it is one of my doublers for 2007 - unusually for me, as much based on the chart as the fundamentals. I have to say the debt worries me a little though.

[bigbigdave] 05/1/2007 18:49

You in Mr D? 8-)

[morwood] 05/1/2007 17:09

Great week for PDR. Rest of my shares have been trashed but this has more than made up for it. Looking forward to the next few weeks, I have a feeling we have more to come ;-)

[morwood] 05/1/2007 16:00

Another Tick UP!

[morwood] 05/1/2007 14:11

Large volume again. over 100k shares trade hands so far today.

[morwood] 05/1/2007 12:31

Sole Trade,

However, it's possible that PDR may feel beholden to their long-term shareholders to pay a divi.

Surely, any long term holder would want the business put back on its feet before any dividends were paid. I know it must have been frustrating to see their investments slashed in the last 12 months but it makes sense for the company to put it self right before any money is paid out to shareholders.

Once the company is back on its feet a progressively growing dividend policy can then be adopted. For me, this is when the company moves from a recovery play to a growth share.

[soul traders] 05/1/2007 11:57

Good points, Morwood.

However, it's possible that PDR may feel beholden to their long-term shareholders to pay a divi. The good thing is that last year's total divi payouts cost around £320k, so should not dent the net cash position too badly provided the divi is adequately covered by cash generation (note there was no interim divi anyway).

you are right that the debt needs to be addressed, and hopefully this will be done soon using any surplus cash that is generated.

[morwood] 05/1/2007 09:53

Second that. Another nice tick up! This is on fire at the moment!

[allstar4eva] 05/1/2007 09:12

And looking forward to the next few weeks;)

[morwood] 05/1/2007 08:58

Its been a good week!

[bigbigdave] 05/1/2007 08:16

And up again. Surprised there isn't more interest here as PDR seems to know only one direction at the present 8-)

[eisler] 04/1/2007 20:02

Don't subscribe to a chartist's view normally for my investments - but yes, resistance (currently!!!) at about that price - you are dead right. Don't know much about our friends Nobel Francais - apart from they are venture capitalists with a reputation for investing in high-growth, middle-sized companies. I am sure that they have done their homework and made the necessary phone calls and have strong grounds for increasing their holding...

[morwood] 04/1/2007 19:05

NO chartist but I think 80p will be here before we know it. There aren't many small investors to bounce the price about so its whatever the big boys decide but based on the stake building by Nobel, they want the stock.

PS does anyone know anything about Nobel? Can't find much detail out about them?

[habayyut] 04/1/2007 18:59

Illumin

i'd say next resistance is 118p but thats based on the chart above,

[illuminatus] 04/1/2007 18:37

Are there any chartists here - Can anyone see a 'resistance level'. Certainly 60p raised no resistance at all. We may yet accelerate again from here.

[habayyut] 04/1/2007 18:22

Eisler

looks like my top up will have to be tomorrow rather than my original plan of monday.

Agree this is looking very stable and i think short to medium term im looking at a price at 130ish, takeing the mkt cap to a mere 22m

[eisler] 04/1/2007 18:18

All falling into place as expected...like I said guys, 80p by 23rd...much more to come! I would be dissappointed if PDR didn't then (very quickly) kick on to £1+ following that...and then???

[illuminatus] 04/1/2007 18:18

I would expect more buying by Nobel as institutions do like to hold 20% or more....that means another 1.5m shares to find if that is the case. Whatever they do I still think others are in the pipeline too.
That 80p may need revision!

[morwood] 04/1/2007 16:33

Very interesting RNS's They are certainly building an aggressive stake. share price ticked up again at close.

[habayyut] 04/1/2007 16:26

2 more increase in holding rns' today

very interesting times