Paragon Entertainment Share Discussion Threads

[hallowed be thy name] 28/1/2017 17:53

I cant see how it wasnt a SELL, confusing as to how the share price wasnt affected unless uts a very old transaction

[1savvyinvestor] 27/1/2017 10:21

It was me and pj. Just had a few quid lying around!

[pj 1] 27/1/2017 08:59

Now then. Which one of you 'topped up' @ 4.1p?

[pj 1] 20/1/2017 19:19

serratia- Also be aware of sub contract/ strategy change. I believe in 2015 the strategy was to use a certain amount (above the then capacity)of sub-contract. It seems that led to some lost late work so the strategy changed last year to reduce reliance on Sub C. and increase own internal capacity above the Revenue targets, and then pressure the Sales Team, It wouldn't surprise me if PEL's current capacity is somewhat above the 2017 Rev estimate of circa £15m, closer to (my) hopeful 2018 target, say £17m?

note- Internal capacity involves a 'hopeful' perfect mix of work, which rarely materialises so PEL will no doubt always require some specialist sub contract requirement.

[serratia] 20/1/2017 19:08

PJ Thanks so as the sales increase they take on more staff or contractors. I have op ex at 19.3% in 2015 and 24.1% in H1 2016 excluding exceptionals.

[hallowed be thy name] 20/1/2017 19:05

Correct. As well I recall Dubai alone was at least £7m 2016 Revs,What particularly about the NED/Merlin made you have a look serratia?

[pj 1] 20/1/2017 18:47

serratia- Its not my strong point but after communicating with other Investors the answer is that the Op Ex % is the key metric. I also believe projects such as Dubai Park are fixed price, so there is a circa 20% gain in value against the £. UK Revs are falling as more Global work is undertaken such as in the UAE.

[serratia] 20/1/2017 14:18

No is it in public circulation.

[pj 1] 20/1/2017 14:11

Have you seen the recent Finncap report?

[serratia] 20/1/2017 13:54

New reader here.

I came to this company to have a look after seeing the Merlin appointment. This is a good board, I've only had to filter two avatars !
I've read all the posts and started my analysis/valuation. I focus on cash generation in share price valuations as there is far less opportunity to project the figures in a favourable light. When I ran my spread sheet on the half year figures it gave me a valuation of 4.2p/share. I must say it's not always that accurate but it gives me a reason to look deeper.
The tricky part is the forward forecast. I've seen the sales projection but there's one point I don't have a feel for and someone closer to the company might have a view.
At the half year the op ex was £1333k or 24.1% of sales. So for H2 should I just double H1 or maintain the percentage sales figure which will of course increase the op ex due to the increasing sales? It makes quite a difference to my forward forecast.

[qs99] 19/1/2017 13:12

hehe, bud made money out of us I trust on PEL? Doubled I trust?

MIDW going bonkers, so you may have made money on that one as well and a less speculative one IMO given its size. Nice yield as well.

not sure if I am pinky or perky...

cheers and DYOR / GLA

[hallowed be thy name] 18/1/2017 09:10

Pinky and Perky are back I see....................

[qs99] 18/1/2017 08:20

hi CSM not sure if you are in MIDW but great update this morning and zooming fast PER was low IMO before today's update and yield is stonking in this market DYOR

[csmwssk12hu] 17/1/2017 00:12

Great upward movement today, could have interesting few days ahead

[the grim reaper1] 16/1/2017 21:29

Don't think ppl quite get your humor PJ. LOL
There is some serious experience in David Bridgford that no doubt PEL will be tapping in to. I wonder the chances of him taking a stake here?

[pj 1] 16/1/2017 18:53

David Bridgford
#
Strategy Director

David’s primary role is to look at market and economic trends in both the existing and developing markets; to identify opportunities for the company’s future growth and development, particularly with regard to acquisitions; and to communicate the Group Strategy within the business. He works closely with CEO Nick Varney and the senior management team across all Operating Groups.
A graduate in Economic History, David started his career with City firm Deloitte (Touche Ross) where he trained as a chartered accountant. He moved into Corporate Finance Advisory in 1990, becoming an Advisory Partner in 2000. In 2002 he joined The Tussauds Group as Corporate Finance Director, working on the integration with Merlin in 2007 before taking on his current Strategy role in 2010.
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''He works closely with CEO Nick Varney and the senior management team across all Operating Groups.''

[cockerhoop] 16/1/2017 16:00

Always seemed slightly awkward longterm with MT being South African based.

[themadstork] 16/1/2017 15:56

Looks to be a very solid pick. Excellent CV.

Also interesting move re MT - is he stepping back from day-to-day running?

[cfro] 16/1/2017 15:50

Yes very interesting appointment.

[cockerhoop] 16/1/2017 15:18

Also some cost savings with Mark Taylor moving from exec to non-exec chairman.

[1savvyinvestor] 16/1/2017 14:32

Rns looks very encouraging. New non exec

[csmwssk12hu] 16/1/2017 00:00

This chart is now looking really good for the next leg up imho dyor

[csmwssk12hu] 09/1/2017 00:01

I've got a feeling from last few days movement this has built a floor and going to move higher now imho dyor

[dirtyn] 29/12/2016 13:03

Are you referring to the new CEO?