Promethean Share Discussion Threads

[empirestate] 27/2/2013 08:02

looks pretty nasty

[empirestate] 26/2/2013 20:59

not holding yet, but this should be interesting in the morning

[blueskyventurer] 19/2/2013 08:41

The UK market is forecast to have 10 per cent growth in 2012 according to Futuresource data.

This is significant as it will be the first growth year for the UK in seven years. Interactive flat panel displays are starting to take market share from interactive whiteboards and some of the first replacement boards are being purchased, with schools tending to buy the same brands again.

Although the BSF (Building Schools for the Future) programme was abandoned there is still significant new school construction due to the rise of academies, as well as substantial rebuilding programmes within existing schools.

The total market for interactive whiteboards, interactive flat panels and interactive projectors within education and corporate sectors is forecast to reach 1.5 million by 2015. However, the adoption rates of the three products are very different by country and even by region.

The scale of the opportunity in the corporate space is huge, with over 67 million meeting rooms worldwide – this segment of the corporate market alone is twice the scale of school classrooms. However, there is currently no adoption of any specific product, so the market is open to be taken.

The corporate market is forecast to be the fastest growing sector, increasing to 24 per cent by 2016. This growth will be in the more developed markets like the USA, UK, Germany and Sweden.

Asia has, by far, achieved its largest ever quarter in terms of sales, with 76 per cent year-on-year growth and activity in the region was much larger than in the Americas. China volumes were the largest, making China the largest country market in the world for the first time.

Futuresource expectations are that the huge education tenders will continue. India also experienced a substantial quarter, with more than 300 per cent year-on-year increase.

In the USA volumes fell, as previously forecast by Futuresource, and the education market is expect to continue to drop over the next few years; by the end of this year almost half of K-12 classrooms will have an interactive display and the early models sold into the market are not yet ready for replacement.

EMEA also experienced its largest quarter ever in terms of sales, achieving 44 per cent year-on-year growth, with Vestel completing shipment for phase one of the Fatih tender. Additionally, Russia also had huge sales in the quarter.

Possibly market is about to turn, as demand picks up with the recovery.

[empirestate] 15/2/2013 14:19

results due week after next, should set the stage for a significant reaction in the share price i personally think down from here as their loss i anticipate to be quite significant.

[empirestate] 15/2/2013 14:19

results due week after next, should set the stage for a significant reaction in the share price i personally think down from here as their loss i anticipate to be quite significant.

[empirestate] 15/2/2013 14:19

results due week after next, should set the stage for a significant reaction in the share price i personally think down from here as their loss i anticipate to be quite significant.

[she-ra] 04/2/2013 17:27

Yes but look at how much it costs to give every pupil the use of an iPad against one whiteboard per classroom.Although I see your point in terms to these whiteboard sticks like HP has to offer.

[blender] 04/2/2013 08:31

Went to Bett. Promethean World didnt stand out. Plenty of competitors. Beyond the boards, their stuff looked a bit old hat with all the ipads etc.

[she-ra] 31/1/2013 14:23

If Smart refinances it might be good for Promethean.

Any thoughts?

[she-ra] 30/1/2013 11:24

Maybe its going to be tipped.Ive seen it rise before being tipped in the past.

[masurenguy] 30/1/2013 10:03

Masurenguy - 27 Apr'12 - 342: PRW is still in a net cash position with a residue of IPO funds. In the States SMT is saddled with $200m net debt. If things don't improve in this sector over the next 12 months then we might see some consolidation here with a potential PRW/SMT merger or reverse takeover.

Masurenguy - 4 Oct'12 - 363: Having briefly invested here @63.4p in Feb 2011 as a recovery play I then exited with some profit @72.3p in May of that year. Not seen any reason to reinvest since then and todays results demonstrate that no potential turnaround is yet in sight. At the end of Q3 their net cash position had declined to circa 3p per share. At some point I anticipate a possible merger/takeover with their main North American competitor SMT (who are also in decline but unlike PRW they have considerable debt) and if and when that happens a combined entity would have over 70% of the global market in this sector. At that stage the forward investment prospects might be worth reveiwing once more.

Still on my watch list as are the fortunes of SMT !

[techno20] 30/1/2013 09:03

Thanks SG - had a quick look at Smartech's website. Looks like results out on Feb 6th, but announced restructuring in Dec which will result in 25% job losses. Doesn't sound like they are on a good place!

[simon gordon] 30/1/2013 08:41

Techno,

I read a couple of weeks ago that the main competition (Smart) has serious debt problems, view was that PRW had cash and could out last Smart. I looked on Google when I read this and didn't see anything that made it look like Smart were about to go bust.

[techno20] 30/1/2013 08:30

Prw now up over 60% in the last month. The divestment explains part of the reason why, but hardly justifies the re-rating. Can't see any other news.

Anyone closer to the business know why?

Techno.

[hybrasil] 08/1/2013 10:14

took the plunge today

[she-ra] 28/12/2012 17:45

Geheimnis2 - maybe. Or Smart might merge with Promethean but I dont know if that would be allowed.

[garth] 27/12/2012 22:57

G,

Twas a genuine question - not a subtle deramp! Ex-holder. If Promethean win a big contract on a school refit or new build how do they recognise the income? Anyone know? Booked after delivery and payment? Or before that?

G.

[geheimnis2] 27/12/2012 17:04

Indeed the sector is totally unloved.

Education cuts are still biting.

Who knows if this can get back to historical eps of 8p or more. Maybe?

[she-ra] 27/12/2012 16:59

Geheimnis2 - I watch Smart Technologies, Promethens bigger rival, share price and nothing seems to be happening.It seems like this sector is totally unloved. I thought it was a market that would keep on growing but with products from Ebeam and HP with their poocket whiteboard products im starting to wonder if Promethean and Smart might go under.Yes all these companies products will get cheaper but HP and Ebeams are always going to be cheaper to produce and transport.To me these products,even though I havent actually seen one in the flesh, seem to be the future.

[geheimnis2] 27/12/2012 16:43

Sorry she ra I have no idea.

But I would hope this becomes an attractive recovery play at some point!

[she-ra] 27/12/2012 16:21

Geheimnis2 - Do you think todays buying is suggestive of a New Years tip coming or do you think something is happening?

I realise shares that have lost 90% of their value are always attractive to a certain kind of share tipper.

[geheimnis2] 27/12/2012 15:43

Lol Garth...nice try

[garth] 19/12/2012 09:26

They have quite a bit of trust to rebuild.

Anyone got a view on how agressive their accounting methods? Ie aka Autonomy et al...

G.

[knigel] 19/12/2012 08:18

No it's positive but long way ahead for recovery. Buy and tuck away imo

[mrphil] 19/12/2012 08:16

Isn't a £1.7M injection that wasn't on the balance sheet pretty good news, or am I missing something?