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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pgi Grp | LSE:PGI | London | Ordinary Share | GB0006911696 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.75 | 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 | 8.75 | GBX |
Pgi Group (PGI) Share Charts1 Year Pgi Group Chart |
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1 Month Pgi Group Chart |
Intraday Pgi Group Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/6/2009 | 15:52 | PLANTATION SET FOR GROWTH | 1,645 |
| 30/1/2008 | 09:45 | PGI Buying opportunity missed today . Always tomorrow maybe.nm | 1 |
| 15/7/2005 | 20:18 | 50% in 4 weeks another 25% to follow | 2 |
| 08/7/2005 | 16:20 | Is Plantation and General about to fly ? | 99 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 02/6/2009 18:20 by bert589 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 |
Posted at 01/6/2009 16:49 by bert589 1 June 2009PGI 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 |
Posted at 21/5/2009 14:47 by eriktherock 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. |
Posted at 24/4/2009 20:50 by topvest Well this is a real shame. PGI have been listed for years. I suppose the company may well do better as a private company, but sad to see them disappear. Haven't held these for years, but kept a watch. |
Posted at 24/4/2009 10:14 by 4johnb Roditi has destroyed, in one fell swoop, the reputation he has built over alifetime of working as an investor. Why he has done this, and why he has effectively waved the white flag is beyond me. Many investors in PGI came on board due to his presence. I also have to say that I am disgusted with the independent board. Surely they have a duty of care to the minorities. |
Posted at 28/3/2009 13:11 by bert589 Erik, I also thought less competition being good. Although there are multiple arguments.Problem I see is that there is no demand. Plus the main problem is that these roses need to be transported within 48 hours of being cut to Europe (or wherever) they are sold. Zambia is a land locked country. The cost of transport is high due to the high cost of fuel in Zambia. The Khal Amazi expanded it's business with a Zambian subsidiary bought out of receivership from Agriflora. They bought it in Jan 2005 for US$2.5 million. In Total Khal Amazi has 44 ha of production area for this business. Below what was stated in 2004 annual report "In December 2004 we announced the acquisition in Zambia of assets from the joint receivers of Agriflora Ltd, a company that had a well established business growing vegetables and roses for the European market. The total consideration amounted to US$2.5 million and the acquisition was completed in January 2005. A new Zambian subsidiary,Chalimban Possibly PGI could buy more distressed businesses in Zambia? Don't know if they have any cash, plus not clear what their strategy is? Are they focussing on Africa or are they looking at expanding real estate business in Russia? The Jensen management, which needed to be more "incentivised" and broke with PGI after resignation of Steven Wayne, must surely in the current crisis have difficulties finding new funds to start future projects in St Petersburg? Might they need PGI (read: Nick Roditi) to help them raise new funds? Or is the fallout between PGI and Jensen so bad that there is no scope for any future cooperation? All these questions make it hard to make an assessment of PGI IMHO. |
Posted at 27/3/2009 11:49 by bert589 The cut rose business in Zambia collapses.PGI's Khal Amazi Ltd in Zambia exports sweetheart roses to europe. From 2007 annual report: "Cut Flowers Our Zambian business, Khal Amazi Ltd produced 131 million stems, a 26% increase.This volume growth came from both the new greenhouses we have erected at the Kapwelyomba site and the benefits of the Sunrose acquisition we made in 2006.All our production is the smaller headed roses which are sold across a wide range of northern European supermarkets. Our airfreight forwarding company increased its market share for perishables from Zambia and we expect this to grow further this year." Cut flowers contrubuted 39% to the 2007 financial results. The cut rose business has collapsed according to the artile below. That doesn't spell good news for the 2008 annual results. Article below from bbcnews website: Wilting flower exports hit Zambia By Steve Schifferes Economics reporter, BBC News, Lusaka, Zambia Watze and Angelique Elsinga grow roses for export On the outskirts of Lusaka, Angelique and Watze Elsinga have been growing roses for export for the last 14 years. But now the speed of the global downturn is forcing them to give up the business, threatening the livelihoods of hundreds of workers and their dependents. The sudden collapse of the prices paid for roses in Europe, due to diminishing demand and oversupply, has made their business uneconomic. And they are being forced to sell their farm as they can no longer keep up their loan payments to Barclays Bank, which is demanding immediate repayment. "It's a sad day," says Angelique Elsinga as she walks round her farm with its eight giant greenhouses - which produced 40 million roses for export last year. "It's cheaper for us to destroy the roses now than send them to Europe." They are shutting off the irrigation pipes in seven of those greenhouses, growing only for the local market and switching some of their production to vegetables. The demand for roses - and the price - normally peaks at Christmas and Valentine's Day. But this year was very different. "We had to shut down production during the two weeks before Christmas, something we had never done before," said Watze Elsinga. "And just before Valentine's Day, our suppliers told us not to send any more roses - their warehouses were full." "We have never seen such low prices." Sudden collapse Abandoned greenhouses mark the collapse of the flower export market Yet just six months before, their business had seemed secure when they signed a long-term supply deal with a leading Dutch wholesaler, Blooms. But in October, the company suddenly told them it was terminating the contract because of falling demand. It was the first sign of the sharp slowdown that has gathered pace ever since. "We have been surprised that this crisis has happened so fast," said Mr Elsinga. "As growers, we cannot control either the prices we are paid, the exchange rate, or many of our external costs, even though we have managed to keep our own costs under control." Social gains CRUNCH TIME FOR AFRICA World leaders will meet next month in London to discuss measures to tackle the downturn. See our in-depth guide to the G20 summit. Only one African country will be represented at summit. This week BBC World News and World Service Radio will be examining how Africa is coping with the crisis, with our blog and reports from the continent Africa faces chill winds For the Elsingas, who came to Zambia from the Netherlands 14 years ago, the farm was a social enterprise as well as a business. They have constructed housing for their workers, and built a community centre and a school for 600 children on the premises. And they have provided year-round employment for nearly 200 workers. Now they will have to lay off all the workers at the rose farm, with only a few finding employment in the vegetable business which they hope to continue at another location. Difficult conditions According to Luke Mbewe, chief executive of the Zambia Export Growers Association (Zega), flower exporters in Zambia face more difficult conditions than their rivals in other African countries such as Kenya, Tanzania, and Uganda. Flower exporters are dependent on a secure supply chain, with the fresh flowers kept refrigerated and disease-free as they are moved quickly from the farm to markets in Europe within 48 hours. But in Zambia, transport costs are higher, because of the higher cost of petrol and jet fuel that has to be imported into this land-locked country. And the lack of a substantial scheduled air freight service has meant that they have had to charter flights to take their flowers to market. They have also faced problems with electricity supply, with Zambia's government-owned electricity company Zesco introducing rolling power cuts throughout the country over the past year. The sharp drop in the value of the Zambian currency has raised the cost of fertilisers, fuel and other farm inputs. Mr Mbewe says he knows of a number of other farms that have gone out of production, and he now fears for the future of the industry. Economic hopes President Rupiah Banda wants to encourage economic diversification Zambia remains one of the world's poorest countries, with more than 60% of the population living on less than $2 a day. Now its prospects for economic growth have been dented by the decline in the world price of copper, which makes up 90% of the country's exports and provides thousands of jobs. Zambia's President, Rupiah Banda, says that the way for Zambia to cope with the global recession is by diversification, moving away from dependence on copper. But the problems of the flower industry show how difficult this could be. To become competitive, Zambia's flower growers will need more, not less aid to improve infrastructure - either from the government or outside sources. But it is still unclear whether any global measures to cope with the downturn, to be discussed at the G20 summit of world leaders in London in April, will reach the flower growers of Zambia in time. Happy Valentine's Day ENVIRO-FLOR ROSE EXPORTERS 40m roses exported per year 7 hectares of greenhouses 189 workers employed Total Zambia rose exports: 4,200 tonnes worth $40m in 2008 Total employment: 12,000 |
Posted at 19/8/2008 12:35 by eriktherock RNS Number : 6140BPGI Group PLC 19 August 2008 19 August 2008 PGI Group PLC Exercise of option to acquire 20% equity interest in fund management vehicles relating to Jensen Russian Real Estate Fund II, L.P. Following the announcement made by PGI Group PLC ("PGI" or the "Company") on 30 June 2008, the directors of PGI Group PLC announce that it has been notified that a new fund, Jensen Russian Real Estate Fund II, L.P., a fund for investment in Russian real estate, (the "New Fund") has effected its initial closing, with commitments from investors totalling US$61.7 million. The Company has elected to exercise its option to subscribe for a 20 per cent. equity interest in each of the general partner, the manager and the carried interest partner (each a "Fund Management Vehicle") of the New Fund at an aggregate exercise price of US$1. The Fund Management Vehicle which acts as general partner of the New Fund has committed to make capital contributions to the New Fund equal to 1% of the aggregate capital commitments of all its limited partners (including those who commit under subsequent closings by the Fund) up to a maximum of $3.5 million and the Company has in turn undertaken to fund 20 per cent. of any sums payable by the general partner to meet this commitment, so that the Company's funding commitment is for a maximum of $700k. Mr Wayne, the former Chief Executive of PGI, who resigned on 24 July 2008 but remains the chief executive of the PGI group's Russian property fund management operations, currently owns the other 80 per cent. of the equity in the Fund Management Vehicles and the Company has entered into a shareholders' agreement with him regarding the operation of the Fund Management Vehicles. Under this agreement the Company's equity interest in the Fund Management Vehicles is protected from dilution. |
Posted at 01/8/2008 08:24 by eriktherock RNS Number : 4121APGI Group PLC 01 August 2008 PGI Group plc 1 August 2008 PGI Group Plc ("PGI" or the "Company") Result of Placing / Transaction in Own Shares / Total voting Rights Further to the announcement dated 24 July 2008, PGI wishes to advise that they will receive approximately £0.34 million from Jensen Group Holdings LLC ("Jensen") under the terms of the Amendment and Operations Agreement dated 30 June 2008, being the consideration received from the sale of one half of the 3,750,000 ordinary shares sold by Jensen (net of placing costs). In addition, PGI has on 31 July 2008 purchased from Jensen 2,725,000 ordinary shares for an aggregate consideration of £1, representing one half of the unplaced PGI Sale Shares held by Jensen. PGI will hold the 2,725,000 ordinary shares in treasury. Following the above purchase the Company now has 129,602,665 ordinary shares in issue, including 2,725,000 shares held by the Company as treasury shares. Therefore the total number of voting rights in PGI is 129,602,665, including 2,725,000 attaching to shares held in treasury. Accordingly the total number of voting rights excluding those attaching to shares held in treasury is 126,877,665. |
Posted at 12/7/2008 18:10 by eriktherock True John, but the PGI share price fall is all about the risk to the new revenue stream from property in St.Petersburg. My point is of course, that the Jensen/PGI relationship and all proceeds from the same is unchanged. Sure the CEO leaving is problematical as is the disposal of his 9.2m shares. If, however a strategic investor (RAB) take-up the stock instead of Nick Roditi then the picture will be much different, which is why I'm a buyer. |
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