|Premier Direct Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Premier Direct (London Stock Exchange): 0 recent articles
|topvest: AGM announcement ok. Share price drops-typical in todays market!|
|iandippie: DoQ. Looking back at the long term chart and results going back to 2003, I don't think that PDR traded on a higher pe than 12. Future earnings involve much guessetimating at the mo, and the directors have not recently been buying (unlike the last onslaught of directors buys when the share price when vertical). Also, as you say, debt is a worry - just look at Homebuy (I was lucky to bail out before disaster struck).
So, PDR is not for widows and orphans, but in a stock challenge, what the hell!|
|morwood: My target of the share price doubling in a few weeks might happen quicker than I thought ;-)|
|morwood: Should see some strong action soon - Possible trading update?
As long as Christmas is reasonable, and the directors appear to be confident it will be. I think the share price will move up fairly rapidly once the good news starts to trickle through.
Wouldn't be surprised to see the share price double within the next few months!|
|morwood: Hi CR,
Very interesating. Some Very Big trades went through. I hope so! they will be out of the restricted period now the results are out. If it is, the share price should shoot up once its out.
Whatever way, someone is prepared to pay good money for a slug of these?
My other thoughts, is someone wanting to take these over? wouldn't cost much at the moment and there is good future growth?|
|morwood: Final results out 16 Nov - 10days time, share price has been drifting a lot as would be expecting with little information. Maybe a bit of a rally then?
I wonder when there will be a further trading statement issues? Possibly then? It would have been a month after the last one?|
|topvest: Yes, agreed. That's why the share price is so low. If they can't service the debt then they go bump. If they turn things round it should be rich pickings. If they don't, the only consolation for us will be a tax loss! Peter Gyllenhammar thinks they will survive, presumably, as do the directors otherwise they wouldn't have stumped up the cash. They may have got it wrong.|
|tole: Well GCI agree and theres the tip -
Premier Direct - BUY
Claiming to be 'reasonably immune to the tough retail market', Britain's leading shopping-at-work provider has a 'young, aggressive and hungry' board lining up an acquisitive step-change.
New chief executive and self-styled 'direct-sales purist' Eric McClenaghan now leads the board of Premier Direct, replacing founder Barry Moat slightly earlier than planned, after previously occupying the managing and sales director seats. Smaller short-term purchases are scheduled, but McClenaghan vows 'we don't want to be sat here in a year's time as a £30m-valued company, we want to do something bigger and better.'
Premier's network of distribution agents sell high-quality, cut-price goods directly to people at work. This opportunity is attractive to both distributors and customers because of the low prices and strong earnings Premier's buying power generates, especially via its main Far East supplier DS-MAX, which also supplies retail leviathan Wal-Mart.
Premier has recently introduced a major change to this model as agents now buy all stock from Premier, and then sell these goods on at a profit (previously they sold goods on behalf of Premier and earned a commission). There is a further motivational push in that the agents now have self-employed status.
January acquisitions Greenwich Direct and Laughing Gull have been integrated, adding 50 more distributors to the network and giving Premier capacity to grow the existing business a further 50%.
Preliminary figures to July showed pre-tax profits up 9.4% to £4.4m on a 14% sales hike to £41.5m, producing 74.4p of earnings, an 8% leap. New house broker KBC Peel Hunt expects pre-tax profits in the next two full years to vault to £5.5m and £6.5m, with ensuing earnings figures of 91p and 106.8p.
The broker suggests the shares tipped by GCI at 572.5p in 2003 should be worth 1138p. Directors have bought shares today, showing their confidence despite the 10% price rise, and we agree there's upside to follow.
Market cap: £26.26m
PE Forecast: 7.08
Share price: 645p|
|topvest: Share price still dropping on this one. Anyone any views? I would conclude that H2 trading is not as strong as expected. Have their been any downgrades on this one?|
i am very intrested in the share price for the following reasons.
1. Why after a month after results is investors chronicle only now recommending pdr.
2. for a small cap stock the share price only went up 5% when for others a recommendation would result in 10% plus.
3, Remember the end of July when there was an article in the times or some other paper that remours were that sales were 20% above forecasts and then the share price shot up to 7.80 only to fall back to 6.6 a month latter.
4.the results when they did come did not, i repeat DID NOT MEET HOUSE BROKER REVISED ESTIMATES OF 72p EARNINGS. THEY WERE 68p!!!
5, in results they said profits would be down compare to last time when they were selling all that free stock they inheriated.
If the first half is were all the bulk of the profits came from how are results going to improve from last time.
6, market cap is now £32million. that implies a one to one price/sales ratio.
Thats overvalued for retail.
Don't believe me look at kleeneze the ratio is about 30%.
7, when you have a small cap stock like this its easy to get sucked into sudden prie appreciations as the stock is easy to manipulate.
8, why did former director sell his ENTIRE HOLDINDG AND NOT WAIT FOR THE 2% dividend if prospects were great.
9, in a prevoius post i mentioned that in a article for a newscatle newspaper Barry moat said i quote," i would be very suprised if profits did not exceed 4.5 million pre tax".
They came inat 4 million. so tell me whats going on.
go find the article on the web i given its address before see it for yourself.
10. did you take a look at the trades yesterday lots of 5000 shares going hrough at regular levels throught the day and no mention whether buys or sells.
i am not one to mention market manipulation but whats going on here.|
Premier Direct share price data is direct from the London Stock Exchange