Paragon Entertainment Share Discussion Threads

[cockerhoop] 31/5/2018 17:55

They did suggest in the Trading Statement that they would be released in May, but clearly they do have another month.

[playful] 31/5/2018 16:22

No later than six months after the end of the financial year to which they relate.

[stiffybristol] 30/5/2018 17:01

Is it the last day tomorrow for the results?

:O(

[playful] 16/5/2018 08:44

phowdo, don't be giving them ideas.

[pj 1] 16/5/2018 08:04

I note the RNS is signed off by David Bridgford the NED. Is that unusual or because he is perhaps on the Remuneration Committee?

[fft] 16/5/2018 07:28

I missed the rns yesterday that cancelled the 2011 / 2016 incentive scheme. No mention of what the targets were to achieve payout, but I would hazard a guess they were no where near them !Comment from board"Given the recent trading performance of the business none of the participants in the PEIL Scheme felt that it was appropriate for any shares to vest as a result of their participation in that scheme. The remuneration committee will give further thought to the re-establishment of long term incentives for senior management in due course, though currently all of our focus remains on the business."

[pj 1] 11/5/2018 08:47

ParagonCreative
‏


@ParagonCreative
15m
15 minutes ago


More
We’re excited to announce we have been awarded design and fit-out of the new Anglo-Saxon gallery at Tamworth Castle. Including rare treasures from the Staffordshire Hoard! @TamworthCastle
Find out more here -

[dontsweatit] 09/5/2018 20:05

DontSweatIt
15 Feb '18 - 20:23 - 2254 of 2295
0 1 0
Currently uninvestable?
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Still uninvestable. Share price now 1.2p equal to previous lows, and going to all time lows and less than 1p, more like 0.5p.
Could be ex-staff selling who may know something or anyone made redundant as they have no responsibility to inform the Co. All that talk of a new Unit when Business is a disaster zone. Run by Fools. Could the old CFO run off with all the cash and it took them 10 months to find it had gone.

[stiffybristol] 09/5/2018 18:25

Hope I am wrong and the sellers are not employees that have a bit more knowledge of the business levels at the moment.

[phowdo] 09/5/2018 16:30

Looking grim now but its falling on tiny volume.
Market makers dont want stock when there are no buyers to be seen.

[stiffybristol] 05/5/2018 09:49

The May News will be the most important and show if they are able to continue. If the persitent 'insider' sells knows... it is starting to look bleak.

[playful] 24/4/2018 23:16

I suspect some of their best days were when the management ran things from a portacabin.

[stiffybristol] 24/4/2018 20:48

Nothing is a real problem unless there is hidden disaster not yet out as news. I am assuming the 150k now for annual 400k savings means redundancies. It is not always about turnover, the best profits are often made with lower turnovers. If they have 100 staff if you average at 30K, that's 3 million per year, most of what they do/make has a high labour content. A lot to be said for not just doing stuff for the sake off.

The share price has been driven so low that if new funding was needed it would virtually wreck it for existing shareholders.

One thing that struck me as strange was the move from Elvington to Selby is quite a long way if you live the other side of Elvington...not exactly convienent.

I still find comfort that a director paid 2.5p for a big block. I still find comfort that the MK cap is 3M for a company that is making a profit. It is nearly 5 months into 2018 and that's the biggest worry.

[pj 1] 23/4/2018 18:05

I believe there would be some overhead savings by moving to a new Unit, and synergies from not operating over different Sites as they do now, so there are some long term positives there, and a move shouldn't be totally discounted

I would question how moving to a 'purpose' built Unit as a fixed overhead is currently prudent. It would be difficult I would imagine, for example, to sub-let a part of the building if space wasn't being utilised for an amount of time.

Hopefully, the Company will update us more on this front and others in the near future.

[playful] 23/4/2018 17:30

They are all over the Developers website, so I think they are ploughing ahead regardless:

[1savvyinvestor] 23/4/2018 11:55

you mean the brodie castle one? would make me smile if they learned how to be profitable!!!

[playful] 23/4/2018 10:57

The management have obviously taken their eyes off the ball which makes it easy to fall into the trap of becoming busy fools which is what appears they have become.

I will say no more as they have made me smile with their latest tweet.

[pj 1] 23/4/2018 10:52

Working from memory I believe PH has already moved into an unrelated Business. That needs confirming though.

[pj 1] 23/4/2018 10:49

playful-Surely from what we currently know it would be ''suicidal'' to wrap a fixed overhead around the neck of the Company with this proposed (larger) Unit move?

The lack of visibility, repetitive profit warnings and inconsistent performance must require flexibility of working space on easy in/out terms? They also need a flexible workforce

Record Turnover but at no Profit.

I can only assume that not only has the ''products'' division not performed yet as expected but that they must have ''lost'' or miscalculated on the Design and Build side. Obviously I'm trying not to overreact to this disasterous news but it appears at the moment all we have is a low margin Construction Company at best?

[playful] 23/4/2018 09:54

Difficult to see anything positive going forward as their credibility in communications with stakeholders is shot to pieces.

Perhaps the fact that one of the founders walked away from the business two years ago may have sent them into this spiral of ineptitude. Why on earth have they made a commitment to move to a much larger site which is no doubt more costly when they don't have any reason.

I would like to see Peter Holdsworth return as CEO and John moved into the FD position. I remember suggesting Pete would be a good choice for CEO at their AGM years ago.

[mortimer7] 23/4/2018 08:46

From todays update, and without any hint of irony....
"Group's projects have included,
The design and build of Titanic Belfast"

[dave4545] 23/4/2018 08:27

Jeez dodged a bullet there. Was going to buy some of these

[1savvyinvestor] 23/4/2018 07:53

A lesson for all of us who invest in small companies. Don't believe the enthusiasm of directors at a friendly AGM. Last year 3 of us were treated to a massively enthusiastic AGM up in York. We were certainly all left with the impression that all was well in the land of Paragon. It was not as recent figures have shown. The board should and could have been much more transparent with its problems . There may have been an immediate share price hit but the damage would have been manageable. An RNS like the one just issued does absolutely nothing to clarify what is going on. Lesson - Do not trust anyone!!!!