Panmure Gordon Share Discussion Threads

[discodave4] 20/10/2014 22:37

Isis,Can you give this a good ramp please.DD

[isis] 20/10/2014 16:29

Salpara - you have to look at the bigger picture here.

The EU is in trouble again (not that it was out!) and this has created a bad market.

They need QE which is tipped for next year to knock us out of the doldrums. I am down on nearly everything now.

[discodave4] 20/10/2014 15:32

Isis,No chance.......good luck though. See what share price is like Thursday!.Apologies for OT.DD

[salpara111] 20/10/2014 15:11

This is pretty ugly!
I notice that someone sold under 4000 shares this morning and only got 120p for them which would certainly suggest that MMs really don't want the stock.
I really did not expect to be 15% underwater after the recent results!
I am going to hold for now but my faith is being severely tested!

[isis] 20/10/2014 13:12

DD - well if I did ramp it worked!

Hope you got on Dave! LOL

[isis] 19/10/2014 17:05

Can't see how reproducing a news article is ramping.

[discodave4] 19/10/2014 16:26

Posted 07:48 this morning on PMR board...........16:05 (just) on PFD board........clearly two boards running at the same time and a mistake and not ramping!.No offence intended, just makes me chuckle.GLDD

[isis] 19/10/2014 16:05

It was on the wrong thread that was all - I had two running.

Anyway it wasn't a ramp it was just a piece of news written by the Sunday Times. ;-))

[discodave4] 19/10/2014 15:55

Isis,Just checked the PFD thread and now understand your bullish views.........your invested in PFD.Would then assume that your PFD posting on the PMR board was a merely a simple mistake rather than a blatant attempt at ramping!!.Good LuckDD

[discodave4] 19/10/2014 15:47

PS apologies for going off topic.DD

[discodave4] 19/10/2014 15:45

Isis,As you say each to their own. Would be interested to know though, as still trying to see both sides of the fence, why you think otherwise.Thanks in advance.GLDD

[willywonky] 19/10/2014 13:33

isis is well in to Panmure.

Smokin!

[isis] 19/10/2014 12:08

DD - can't say I agree with that analysis - but each to their own!

Mind you this is the Panmure thread! :-))

[discodave4] 19/10/2014 11:46

Isis,Was in PFD for a while, made a small profit. Would not touch it for an investment.........a speculative trade perhaps, but then you may as well throw a dart to pick a horse at the next race at Kempton!.Their debts are still horrendous (net debt £572m), there is a massive pension deficit eroding any profits (where margins are already small) c £45pa in pension payments - their H1 adjusted profit before tax was only £17.8m.They also have (from H1 results) a whopping £28m negative working capital..........don't think their balance sheet could be any weaker IMV.Although the article says that the Mk Cap is currently only 25% of its EV, I do not know if the pension deficit has been included, if it is included (as per notes from H1 results) at £391m then the Mk Cap is about 50% of EV, so it still looks cheap on this metric.........but there are a lot more better value options out there at the moment than PFD.They still have Hovis dragging them down, they were trying for ages to sell it off completely as its a very low profit margin (c 1%) business with massive costs and pension deficits, but nobody wanted it so a JV was the best they could manage.All IMV so as usual DYOR blah blah.DD

[isis] 19/10/2014 07:48

Inside the City: Premier Foods up for a nibble

Danny Fortson Published: 19 October 2014
Comment (0) Print
A treat: it might be good time to invest in the troublesome company selling cake and gravy among othersPremier Foods, which counts Mr Kipling cakes among its many brands, could go down a treat (PIN)
GAVIN DARBY pulled off quite a feat. Seven months ago the boss of Premier Foods, the company behind Oxo gravy and Mr Kipling cakes, raised £1.1bn through a £350m rights issue, plus a new bond and loans, to fix the company’s bombed-out balance sheet.

The cost of the financial surgery was steep — £41m went to banks and advisers. That was the price, Darby said, for “making this a normal company again”. Premier had been skirting oblivion for years after a boom-era acquisition spree left it with a giant debt hangover.

Fair enough. Only Premier is still far from normality. As the scribblers at Shore Capital point out, its shares have plummeted by 71% since the refinancing. They closed on Friday at just 27p. Premier’s £222m market cap represents just a quarter of its enterprise value.

Investors will be hoping this is not what Darby meant by “normal”.

Part of the problem is that Premier’s biggest customers, giant out-of-town supermarkets, have been hit hard amid the grocery market’s brutal price war. Suppliers are sharing the pain. Yet the City was shocked by the 6% drop in sales announced at Premier’s half year results in July. Investors are fearing the worst on Thursday, when Darby unveils his third-quarter management statement. Last time he blamed the warm weather. I don’t need to tell you that August and September were beautiful.

All that said, Premier could be worth a bet. Darby has fixed the structural problems that had the company at death’s door. Swingeing interest bills have been slashed, Hovis, the ailing bread maker, has been spun off, and he has struck a deal with pension trustees to spread out future contributions.

All of these are good things. The company hasn’t hit bottom yet — Shore predicts a 4% drop in quarterly sales — but it’s probably not far off. Sounds like a good time to buy.

[paduardo] 18/10/2014 20:38

thanks isis

[isis] 18/10/2014 19:52

Nektan senior management announced that the AIM listing would be managed by corporate finance firm Panmure Gordon.
Mobile gambling technology and platform provider Nektan issued a Schedule One announcement, detailing the company’s intentions to list on the London Alternative Investment Market (AIM) by mid-October.
Nektan senior management announced that the AIM listing would be managed by corporate finance firm Panmure Gordon.
Nektan did not disclose details regarding targeted share price, initial share listings offering, market capitalisation or targeted capital for its planned floatation.
London business news sources report that the largest shareholder in Nektan with 15.3% is Venture Tech Assets Ltd which is controlled by Non-Executive Director Sandeep Reddy. Current Executive Chairman Gary Shaw is reported to hold a 14.7% stake in the company.
Operating since 2011, Nektan is an international B2B mobile gambling platform provider and mobile games content developer. The company has concentrated on developing its product for regulated igaming markets. Nektan maintains development and operational offices in Gibraltar, London and Las Vegas.

[paduardo] 18/10/2014 19:40

Nektan is meant to float at the end of next week. The article in The Times (if I remember correctly) was talking £60m valuation but did not say what percentage was being sold. If the float still happens I will be feeling confident about the performance PMR for this half and the return of a divi next year and will look to increase my stake.

[isis] 18/10/2014 16:53

Looks like some of the bigger IPO's might get pulled or held up in these markets.

[cyberbub] 18/10/2014 15:14

Nice one Isis... decent size, could be up to another million commission flowing into our coffers?

[isis] 18/10/2014 10:48

1 October 2014

Panmure Gordon joint broker to Earthport successfully completed a £26.6m fundraise supported by both US and UK institutional investors.

The fundraise was to enable the business to expand into Asia and provide growth funding across the business.

[discodave4] 17/10/2014 09:04

Nice to see it held up after that large sell.............2 GLDD

[cyberbub] 16/10/2014 13:49

At this point I will be happy enough if we stay in this range for a bit :-o

[isis] 16/10/2014 12:49

20k monthly bought on the 13th.

Looks like a full blown correction in the markets though.

Time to get the Gin out!