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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Prestbury Hds | LSE:PBH | London | Ordinary Share | GB0032097965 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.75 | GBX |
Prestbury (PBH) Share Charts1 Year Prestbury Chart |
|
1 Month Prestbury Chart |
Intraday Prestbury Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/2/2021 | 17:35 | Prestbury - Providing a combined financial solution | 3,529 |
| 09/12/2004 | 16:48 | Offer Price Sweepstake.............if any..... | 7 |
| 19/11/2004 | 15:49 | PBH - Prestbury - Thread for swing traders! | 1,450 |
| 27/5/2004 | 14:09 | Oooo Look at my Prestbury's | 86 |
| 10/11/2003 | 12:42 | Are these worth a | 12 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 05/2/2021 17:35 by wild bill I haven't read the thread so excuse what might be a stupid question, I have two old share certificates with 2,040 shares total, is there anyway I'm going to get anything back from this investment? Any advice or guidance as to what to do with them much appreciated - thanks. |
Posted at 12/6/2008 16:54 by wormcatcher In out shake it all about |
Posted at 04/6/2008 09:22 by baggywrinkle Alternatively, if this removes the previous conflict of interest, it could lead to a bid for PBH, effectively the previous aborted management bid relaunched from Sense Lending.Comment indicates that more may be said in future: "One of the reasons Keenan is leaving is to avoid any conflict between the two firms, and that's all I can say at the moment" |
Posted at 07/4/2008 12:40 by hdb Anyone heard any rumours to the effect these are going bust as the credit has dried up and the market conditions so tight PBH being squeezed out. |
Posted at 01/4/2008 10:37 by mjcrockett Well if that 40 share trade is a coded signal to buy PBH, it is probably an April fool.I would guess these trades are more likely something to do with balancing the books at the end of the quarter. MJ |
Posted at 01/4/2008 10:14 by mrsasal490 I read sometime ago that dealers would use small sale or buy volumes to use as "codes" as to what to do with particular companies, i see that a few have appeared today PBH, HSS, APG, PXS and probably many more i haven't noticed.Some don't even amount to a £1 ! |
Posted at 06/3/2008 11:45 by roorontev They were given a choice of either buying a few PBH shares or open a 101TH Screaming Eagles sovereign shop in Mosul....Me?,well they do say Mosul is nice this time of year......;-))) |
Posted at 31/1/2008 15:34 by buffin If you took the loan note at the putative price, I suppose you'd be locked into an unlisted company until they felt able to redeem the note. |
Posted at 31/1/2008 15:27 by cyberpost are they saying the offer could be worth 20p / share ? |
Posted at 31/1/2008 15:24 by roorontev RNS Number:0057NPrestbury Holdings PLC 31 January 2008 31 January 2008 Prestbury Holdings PLC ("Prestbury", "the Company" or "the Group") Second Interim Results for the six months ended 31 October 2007 Prestbury, the AIM-listed low risk financial intermediary company, announces its unaudited results for the six months ended 31 October 2007. The highlights were: - Turnover improved to £4.7m (six months ended 30 April 2007: £4.5m*). - Margin improved to 18.9 per cent (six months ended 30 April 2007: 18.7 per cent*) - Gross Profit improved to £0.9m (six months ended 30 April 2007: £0.8m*) - Shareholders' funds unchanged at £2.3m - Cash position improved to £412,000 (six months ended 30 April 2007: £354,000) - Overheads reduced to £756,051 - (six months ended 30 April 2007: £871,104*) - EBITDA improved to £0.1m - (six months ended 30 April 2007: £0.0m*) - Advanced stage discussions for acquisition of entire share capital of the Company by Management. * The results for the six months ended 30 April 2007 have been restated primarily to reflect the re-allocation of personnel costs between Prestbury Financial Limited and Prestbury Investment Management Limited, which historically have been reviewed annually in arrears in December of each year, and an increase in broker commission payable for the period. Chairman's Statement Prestbury's trading has remained remarkably stable through an intensely difficult period in the mortgage market. However the business will be subject to intense pressure over the period ahead, with margins being squeezed. Other networks will be increasingly stressed and there are real opportunities for Prestbury to recruit new advisers. Your Board believes that the costs associated with being quoted on the AIM market are at a level that makes it much harder for Prestbury to deliver growth in shareholder value. The independent directors are therefore currently in discussions with the executive management team of Prestbury (the "Management") regarding a proposal from the executive management to make an offer to acquire the entire issued share capital of the Company ("Prestbury Shares"). Such discussions are at an advanced stage (but have not yet been concluded and therefore this announcement does not constitute a firm intention to make an offer for the Prestbury shares nor is there any certainty that an offer will be made) and it is intended that the consideration for the offer would be new shares in a company which is to be newly formed by the Management for the purposes of the offer ("Newco" and "Offeror"), such new shares to be issued on a one for one basis, with a loan note as an alternative form of offer consideration. The loan notes would be non interest bearing, unsecured and issued by Newco in the amount of 20p per Prestbury Share and would be redeemable in the same amount. It is intended that there would be no fixed date for redemption of the loan notes, but that they would be redeemed as soon as possible following issue as the first payment priority of Newco out of the net financial resources available to Newco (after payment of the operating costs of Newco and its subsidiaries) from time to time. Investors should note that although the principal amount and redemption terms of the loan notes are expected to be as described in this paragraph, there is no certainty as to what the actual value to investors of the loan notes will be. Further details in this regard will be set out in any offer document, if or when an offer is made by the Offeror. 20p is the price at which new shares in the Company were last placed in December 2006. This statement is made with the agreement and approval of the Offeror. Francis Maude Chairman Chief Executive's Statement The credit crunch in the second half of 2007 has hit the entire mortgage sector hard. Prestbury has understandably not been immune to the impact and downturn in property and mortgage transactions that followed, but I feel we have managed the associated risks well. The Northern Rock debacle has caused a great deal of concern and uncertainty in our industry, but the low risk whole of market business model that Prestbury champions has stood up well to the market downturn. Whilst Northern Rock accounted for 15 per cent of lending in the first half of 2007, this lending has now been taken up by Banco Santander - Abbey. Overall, however, mortgage transactions were down in the second half, but this drop in mortgage income was offset by an improvement in insurance margin delivering total revenues in the second half of the 2007 financial year marginally ahead of the first half. Less than one per cent of our lending partners have actually withdrawn from providing new mortgages to the prime market, i.e. those free of any bad credit. However, nearly all have increased the rates and reduced the loan-to-value ratio on their mortgage products. The costs associated post credit crunch of the mortgage market to the consumer and the lenders themselves have put such a squeeze on the market that new net lending across the industry has dropped by approximately 20 per cent, predominantly down to affordability of the higher interest rates and the higher loan to value products being withdrawn from the market. On a more positive note however, 60 per cent of Prestbury mortgage income is actually originated from existing client re-mortgages at below 75 per cent loan to value, and we expect this percentage of mortgage revenue to continue. The net drop in Prestbury advisers' income from mortgages has therefore only been around 10 per cent as a result of the credit crunch. Since August 2007, the money markets have effectively closed the doors for business to lenders who specialise in the higher margin sub-prime sector. These lending businesses have been unable to access affordable capital elsewhere, thereby removing their ability to lend competitively to the UK's poor credit population to the same levels they had previously achieved. The zero appetite to do business in the current market is as a direct result of the American sub-prime crisis. The American lenders have been hit the worst because of record levels of mortgage and loan defaults, and affecting the worldwide banking giants Citibank and Merrill Lynch to name just two, are also major lenders in the UK's bad credit market, so the UK lending arms have naturally been hit as a result. It also needs noting that Northern Rock, whilst not being a bad credit lender, used the same method of funding as the bad credit lenders and, as a result, the doors where closed to them also, resulting in the current Northern Rock crisis and the emergency funding being provided by the Bank of England. The result of the downturn in the sub-prime sector has only marginally hit the underlying operational margin and performance of the Prestbury Holdings PLC business, as the sub-prime activities were taken out of the Group as part of a risk strategy implemented in 2005. The business directly involved in the sub-prime crisis, Prestbury Investment Management Limited ("PIM"), a company owned by Stephen Keenan and myself, has seen new enquiries and demand hold up well, but due to the reduced ability of lenders to provide funding, completed transactions have recently fallen by 50 per cent. The reason that such a dramatic downturn has occurred so quickly is as a result of the credit crunch and the lenders historical business plans no longer being viable. These lenders sold the mortgages soon after they completed as part of a pool of securitised loan and mortgage bonds sold into the markets around the world. Two fundamental elements to these lenders business models, as a result of the credit crunch, have failed, not only being able to get the money in the front door to lend, but nobody to buy it at the back end either. As a result of the dramatic downturn, and in a similar way to the mainstream prime lenders, the sub-prime lenders who lend via PIM and operate a traditional risk-based balance sheet lending model, i.e. buildings societies and savings banks, have increased the interest rates to sub-prime borrowers by approx 40 per cent and the loan-to-value of products have reduced equally aggressively. This market is now operating at a level more akin to common sense lending, as the majority of lenders now price to risk, as opposed to those that operated via the money markets who priced to sell. Prestbury Investment Management Limited maintains strong relationships with these lenders. |
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