Pgi Group Share Discussion Threads

[donaferentes] 03/6/2009 15:52

Is there any viable alternative to selling out pre-privatisation?

Any views?

[bert589] 02/6/2009 18:20

Persistency Capital LLC has sold 5,635,585 shares, 4,44% of the shares outstanding, at 8p.

And the other 6000000 shares are Steve Wayne's?

Roditi now owns 69% + 4,4% + 4,7% = +/- 78%

See below:

Time/Date Price Volume Trade value Type
6/2/2009 15:47 8 6,000,000 480,000.00 Ordinary Trade
6/2/2009 15:46 8 5,635,585 450,846.80 Ordinary Trade
6/2/2009 13:43 8 5,000 400 Ordinary Trade
6/2/2009 11:43 8 6,000 480 Ordinary Trade
5/29/2009 10:47 9.3 519 48.27 Ordinary Trade


and

[bert589] 01/6/2009 16:49

1 June 2009



PGI Group PLC

Publication of a Circular regarding the proposed cancellation of listing of the ordinary shares on the Official List

Following the announcement made by the Company on 23 April 2009 that the directors of PGI Group PLC (the "Company") were proposing to seek shareholders' approval for the cancellation of the listing of the Company's shares on the Official List and of their trading on the London Stock Exchange (the "Listing") and for the re-registration of the Company as a private limited company on the delisting taking effect, the Company announces that it has today posted to its shareholders a circular (the "Circular") outlining the proposals in greater detail and giving notice to the shareholders of a General Meeting of the Company at which the proposals will be considered.

Under the Company's articles of association the Company is required to give at least 14 days notice of a General Meeting. The General Meeting of the Company at which the proposals relating to the cancellation of the Listing will be considered will be convened immediately following the Company's Annual General Meeting on 23 June 2009. Assuming that the required resolutions are passed at the General Meeting on 23 June 2009 it is proposed that the cancellation of the Listing shall take effect from 22 July 2009.

A copy of the Circular, which contains further details of the General Meeting, can be found on the Company's website (www.pgi-uk.com). Copies of the Circular will also today be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

[eriktherock] 21/5/2009 14:47

Interim Management Statement

The statement covers the period from 1 January 2009 to date.

During the period there have been no material events or transactions affecting
the Group and no significant change in the financial position. The Group's net
bank borrowings have remained at a similar level to those at the end of 2008.
Overall the Group's financial performance has been satisfactory and in line with management expectations.
The food group businesses have made a good start to the year. Tea production has been about 4% higher than for the same period in 2008. Auction prices achieved have been similar to last year. Rose production has increased by 14% due to more benign growing conditions. Input price inflation has eased considerably during the period.
The Zimbabwe tea business is beginning to benefit from the more stable economic
environment. It will take a long time to restore this business to a reasonable
level of activity and we do not expect a positive contribution from this
business this year.
The property market in Russia remains weak and this continues to curtail
activity of the Jensen Group operations.

[romust] 14/5/2009 14:03

That could mean anything from 1 share to 500,000 shares couldn't it eric?

[eriktherock] 07/5/2009 18:39

Guys, I had to sell less than half of my holding today to raise some cash to keep the wolf from the door. sorry.

[eriktherock] 05/5/2009 14:10

ok Bid 8p offer 9.5p come on mm's a near 16% spread. Be fair to buyers and sellers.

[eriktherock] 05/5/2009 13:53

Bid 7.5p Offer 9p. 16% spread ! mm's not doing their job.

[eriktherock] 04/5/2009 21:33

Thanks mate.

[romust] 04/5/2009 21:12

Ditto erik.

[eriktherock] 04/5/2009 21:10

lol romust, I hope you prosper (big time)

[romust] 04/5/2009 21:08

Life makes sense again..thanks for that erik.

[eriktherock] 04/5/2009 20:57

lol, ok you're right.

[romust] 04/5/2009 20:55

You wrote this..I corrected...shall we agree?



eriktherock - 4 May'09 - 19:41 - 1627 of 1631


87,644 x 0.25 = £219,110 not too shabby lol.

[eriktherock] 04/5/2009 20:48

ok, Nick has 87 million shares, if the divi were 100p then that would be £87 million, if it were 10p then that would be £8.7 million, if it were 1p it would be £870,000 AND if it is 0.25p it is a quarter of £870,000 and is £219,110 approx

[romust] 04/5/2009 19:57

My point is your total is wrong..shift the point one place to the left.

[eriktherock] 04/5/2009 19:52

My point is that the largest shareholder ( you know, he that has been mopping-up the weak holders offerings last week) will receive by way of dividend payment £219,644. This not too shabby especially as this return more than any building society deposit.

[romust] 04/5/2009 19:45

£21,911.00.

[eriktherock] 04/5/2009 19:41

87,644 x 0.25 = £219,110 not too shabby lol.

[eriktherock] 02/5/2009 16:30

13. Price per share or value of transaction
5.3343 pence
....................................
14. Date and place of transaction
27-30 April 2009, UK
....................................
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
87,644,386 (69.078%)

[topvest] 02/5/2009 08:18

Roditi has done the dirty over his fellow shareholders in my opinion. This has been listed for many decades and he is taking full control without putting in a bid for the company. Not nice!

[eriktherock] 01/5/2009 17:40

Tricky Nicky just picked-up another 1,842,063 shares. What a loser :-)

[4johnb] 01/5/2009 15:45

Erik, whether its the bottom or not might prove academic for those of us who
roll into a private company. There will be no liquidity, and precious little
information. But having said that - plus ca change !

[bert589] 01/5/2009 14:34

I have a couple of questions.
They are probably not easy to answer.

* Who are the major shareholders apart from Nick Roditi?
* Does Steve Wayne still hold shares?

I remember he held +/- 10% of the shares, but was forced to sell them after he stepped down as CEO. 9.2 million shares were placed for sale with the company broker Panmure Gorden. Only 7.25 million shares were placed at 18.5 p. Does Steve Wayne hold the remaining shares?

* If Steve Wayne still holds shares, what is he doing with his shares?
* What is happening with Jensen Holdings after delisting?
* Are they going to split the company and sell off Jensen and just focus on East Africa?
* What is the plan for expanding the business in East Africa?
* Is the company still going to pay dividends after it is delisted?
* How many shares are still in free float?
* What is the estimate for the book value of this company?

All these questions would be nice to have answered.