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PCH Pacific Global Holdings Plc

2.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pacific Global Holdings Plc LSE:PCH London Ordinary Share GB00BKXP5L71 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50 2.50 2.00 2.00 2.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.00 GBX

Pacific Global (PCH) Latest News

Pacific Global News

Date Time Source Headline
31/10/202409:00UKREGPacific Global Holdings Plc - Half-year Report

Pacific Global (PCH) Discussions and Chat

Pacific Global Forums and Chat

Date Time Title Posts
11/6/201417:02Pochins - A blue chip in the smaller companies sector45
28/7/200315:15Ј8.6m Poplar sale?3

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Pacific Global (PCH) Top Chat Posts

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Posted at 10/6/2014 19:31 by topvest
Yes, but at least they have got the price up from below 40p to 45p. There is also a share alternative for those brave enough to hold this as a private company. The net asset value is only c60p - c£12m divided by 20m shares. I only have a few held for many years. Happy to just take the 45p and exit, but if I had a bigger position I would not be as happy.
Posted at 31/3/2014 17:00 by the troll
......blah, de blah, de blah....., 112 days of 'discussions' & absolutely zilch to show for them. what the hell's going on ??

if this Nicholson isn't willing / able to meet the NED's price, show him the door & let's put an end to these nauseating 4 weekly extensions.
Posted at 02/1/2014 18:36 by the troll
update; the potential bidders control 42.11 % of issued share capital ( see RNS of 23rd Dec. )
Posted at 09/12/2013 20:40 by topvest
They have to be joking...

"The indicative offer received is below the closing mid-market price of a Pochin's share of 41p on 6 December 2013."

and just as the market picks up. Greedy!!!

Since when is less than half of book value anything like acceptable.
Posted at 05/9/2012 08:50 by jonwig
I looked at this a few years ago.

Yes, the asset backing is tempting, but I will never buy PCH, as the various family interests hold about 80% of the stock between them.
There's a fashion for de-listing and this looks to be a prime candidate.
Posted at 05/9/2012 07:03 by hybrasil
This share was beloved of John Lee. It is quite a disaster. Its market cap is £5M against assets as of nov 2011 of £22m. A little turn in the construction world which if history is anything to go by must be coming could really turn these around.
I hope when I look back at this post that I am correct!
Posted at 17/11/2004 17:50 by forensic
Unfortunately, I could not make the AGM.

The results for the year ended 31 May 2004 were a bit disappointing with regard to growth in the net asset value (+3.5%). However, I think one of the key illuminating statements in the Accounts is contained on page 5. This relates to a 5 year strategic review to 31 May 2008.

"In financial terms, the objective is defined as average annual growth of 15% in profits and shareholders' funds during this period. Although we have not met the target in this first year, principally due to adverse market conditions in the trenchless technology business, we remain committed to achieving it over the full five year period."

Ignoring compounding, a 15% annual average growth rate equates to 75% over the five year period. With compounding, this jumps to 101%.

From an investment point of view, I believe that the share price will increase in line with the percentage increase in the NAV over the long term, as it has done historically.

I would be very happy indeed if the share price increases by 75% over a five year period. Growth of 15% pa -v- 5% gross in the bank.

If their targets are met, then the current share price of 205p to buy, could look very cheap in the medium term (and hopefully in the short term as well when the next interims are announced).
Posted at 04/2/2004 19:22 by forensic
Yes I have been a long term shareholder in Pochins and have Annual Accounts back to 1986. The shares have been a very profitable investment.

If the compound growth rate in net asset value continues at 12.3% per annum, then in 5 years time the NAV would have increased by over 78% (and the share price likewise if it goes up in line).
Posted at 20/1/2004 14:39 by forensic
The merits of Pochins was brought into the public eye last year by an article in the Financial Times by John Lee where he added Pochins to his FT Portfolio. John Lee is a shrewd and very successful private investor and has been a long-term shareholder in Pochins.

Pochins activities comprise building and civil engineering contracting, property letting and development, specialist plant hire, specialist directional drilling subcontracts, concrete block manufacture and housebuilder (a new activity this year).

Over the years Pochins has an enviable record of significant growth in profits, net asset value and dividends. Share capital has remained unchanged with no dilutive share option schemes or other issues of share capital (apart from a 19 for 1 bonus issue to existing shareholders in 1995). The Accounts for 1986 showed a net asset value of £6.231 million for the group. The latest Accounts for the year ended 31 May 2003 show a net asset value of £44.789 million. The compound growth rate over this 17 year period equates to 12.3% per annum. All of this growth has come from retained profits and property revaluation surpluses.

A similar calculation for the annual dividend growth rate between 1986 and 2003 produces a compound growth rate of over 13.7% per annum. This it what I (and Mr Lee) would call a blue chip share.

Some key points about Pochins:

(1) It owns Midpoint 18 in Middlewich which is a major mixed-use development which will eventually total 350 acres.

(2) It operates the biggest fleet of concrete pumping machines in the UK.

(3) Net asset value per share at 31 May 2003 was £2.15 per share.

(4) The Board has signalled a more progressive dividend policy. The 2003 Report stated: "This increase reflects the board's intention to adopt a more progressive dividend policy providing it is justified by trading performance and underpinned by a prudent level of dividend cover."

(5) Rental income from properties was over £3 million in 2003.

(6) It had a secured order book for the construction division for the current year of £42 million as at September 2003.

(7) In recent years a growing number of property joint ventures have been entered into which are contributing to growth.

In relation to prospects the Chairman states in the 2003 Report:

"We have a healthy order book and, with further benefits from reorganisation anticipated, I am confident that the current year will add to our continuing success, especially if some of the possible development sales we are currently negotiating are finalised and completed in the year."

The next set of results are the interims and are due to be announced in February.
Posted at 28/7/2003 09:05 by balcony
are we about to see a bid here,this share never moves like this
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