Paragon Entertainment Share Discussion Threads

[stiffybristol] 07/12/2017 19:57

Nice news. I am so mixed on this if they make 700K with the potential to double that and double again by 2020, they are not far off a prospective PE of 1.

I still would like to see some Market purchases by the company at this price.

I wonder how many we have between us on this forum?

[dave4545] 07/12/2017 12:12

AEO is a better play and safer play. £2.5 mil cap £1.9 mil cash and events business making 200-300k profit and generates cash.

[playful] 07/12/2017 11:56

I have now talked with the CEO and the general gist of the conversation was that it would be deemed highly unethical to go down the delisting path so it’s not on their agenda.

He came across focused on the task in hand and told me the website should be updated shortly. It was the shareholder information page I highlighted as needing attention.

[1savvyinvestor] 07/12/2017 09:41

ask the question playful. It definitely needs answering

[playful] 06/12/2017 21:12

I would not disagree and feel a delisting announcement is a distinct possibility.

Perhaps some clarification on their shareholders Q&A page to confirm they have no current plans to delist PEL.

[stiffybristol] 06/12/2017 18:43

If the directors are thinking of taking it private then painting a negative picture when then there is nothing fundamentally wrong is exactly what to do to drive the share price down.

If they know the company is sound and want it back for their self then they actually want the share price lower so they buy it back cheaper.

I find it baffling, the share price is saying something is very wrong.

The projected results did not seem that bad to me factoring the two projects now pushed back into 2018. If they had happened in 2017 Turnover may have been closer to £16/17M.

It is still a company making a profit, with a £3.5M MK cap. They have plans to move to streamline and make better profit margins.

The directors bought stock at 4p plus. Why are they not buying at 2p. They passed a resolution for the company to buy back shares when they were 4p, why are they not buying them back at this low price. All points to something wrong I suppose.

[fft] 05/12/2017 12:43

The PEL website shows a disturbing lack of news. The last entry, unless I missed something, is 26th May - over 5 months ago. Has nothing worth talking about happened since then ? The Q and A has been updated - but that isn't the same as the main news page.

I wonder if the internal management issues are still causing problems.

They need to seriously up their shareholder relations - or take it private.

[playful] 01/12/2017 00:38

It would be a good idea for PEL to attend the next MELLO in 2018. They attended in 2014 so hope they come next year and chat with their shareholders

[pj 1] 10/11/2017 14:21

At least if there are any more delayed orders then the staff can go strawberry picking !!

[1savvyinvestor] 10/11/2017 14:07

Paragon Entertainment Limited (AIM:PEL), the attractions design, production and fit-out business, notes the press release today of Makin Enterprises, who are seeking feedback on a plan to build a creative hub, to be known as 'Create Yorkshire', on land at the former RAF Church Fenton (the "Project").



By moving all existing operations to the new site, Paragon will be a major anchor partner in the Project, which is being described as the first step in a long-term strategy for the development of Create Yorkshire.



The vision for Create Yorkshire builds on the success of the film and television studios already at the site, home to ITV's hit TV show Victoria.



Chris Makin, CEO of Makin Enterprises and landowner said:

"It is great news that Paragon are joining the Create Yorkshire project at Church Fenton. Their involvement is another step towards delivering a real creative hub in the North of England, which promises jobs and growth for the whole region. As I have always maintained, it is crucial that development here can only go ahead after consulting with local people, to ensure Create Yorkshire is a benefit for as many people in the community as possible."



Mark Pyrah, Development Director & Founder at Paragon said:

"We are excited to become part of the Create Yorkshire project and benefitting from the talent available in Selby and the surrounding area. Paragon Creative is one of the world's leading design development and build companies, with over 25 years of practical and creative experience."

[phowdo] 10/11/2017 13:04

Shame that wasnt released with the update as the positive side of the coin.
They really do need to up their communication skills.

[pj 1] 10/11/2017 12:58

"By moving all existing operations to the new site, Paragon will be a major anchor partner in the project, which is being described as the first step in a long-term strategy for the development of Create Yorkshire," Paragon said

[pj 1] 10/11/2017 12:56

That's a very interesting RNS, in more ways than one. I assume a move of part or all of the Business (D&B?), next to a film studio and private airport.

''I'll be Back!''

[1savvyinvestor] 09/11/2017 12:40

todays 837K trade also looks like a switch into an ISA or Sipp too. Advantage of the share price collapse is that you can put more shares into and ISA!! #silverlinings!!

[1savvyinvestor] 09/11/2017 08:04

Move into a sipp most probably

[fft] 09/11/2017 01:22

Looks like Mark Taylor, the chairman, has sold....

On 26th April, an RNS stated

"Following the Purchase, Mark Taylor and persons closely associated with him are beneficially interested in 10,876,861 Ordinary Shares, representing 5.80% of the Company's issued share capital. "

The question is, who has bought them, and why did he sell. Has there been a bust-up at board level over the running of the company ?

[stiffybristol] 08/11/2017 17:37

Looked like a BUY to me, someone mopped up all recent sells???? Maybe the directors bought as the price is well over-sold.

[1savvyinvestor] 08/11/2017 16:11

wow! Has someone just managed to offload 10 million plus shares? Must be an announcement very soon

[1savvyinvestor] 08/11/2017 10:18

Agree that the RNS lays out the bad without giving a glimpse of the good!! I agree with redmug that gross profit could still be in the region of £2.2 million . Having visited the site I can see that being in one much larger building would make many aspects of the business more cost effective but worry slightly about the re-location costs.
Those of us with large holdings are probably not going to sell at these levels. The problem though is finding buyers. there really seems very little to entice new investors. I could be in for a long wait but still believe we will be back up at the 6p level within the next 2 years

[phowdo] 08/11/2017 08:14

If they wanted to kitchen sink it they should have used precise language to say so.
Instead you got a wishy-washy hand-wavey RNS that sets up for further disappointment in the future.

[ramas] 08/11/2017 08:07

Remember ebitda is a deceiving number , h2 could even be a small loss once everything is accounted for to get your eps

[pj 1] 07/11/2017 23:18

stifybristol- I struggle to see 8-10p on those figures. Wouldn't that be a p/e of x60-ish? No way will the Market award that IMO. I agree though that record turnover is ignored, but I would refer to ''growth for growth sake''

Also, the Market hates uncertainty, which is why I dislike EBITDA reporting in isolation for profitable Companies). If the delayed contracts are from the Products division then my understanding is that Products were to hopefully be repeat works. If they ( the initial works) have been put back from 2017 then maybe other hoped for works have also been put back that were booked in for 2018 to when ever - who knows?

It's impossible to value the Business until we see 2018 forecasts at least imo, and earnings and more importantly cash generation from 2017.

I believe 2018 forecasts will be in the Market in December.

The one positive could be that todays RNS is a ''kitchen sink'' job. Lets hope it was.

[stiffybristol] 07/11/2017 17:24

Was a dreadfull statement more because of how it was written....the real facts are they turned over £15M (a record) they still make 700K and two big jobs that they thought were in 2017 with good profit margins are in 2018.

The way they said it though :O(.

Hard to know what to do. Hard to know what to think about the management now, the reason I bought should have been the reason I sold. They passed a resolution to buy their own shares back, levels dropped they did not do it.

The wording of the very capable and experienced interim...but were gonna get another one.

It could still be a good company but it clearly is very unloved by the stock market because at 2.2p and a 4M cap 0.7 profit 15M turnover it should still be 8-10p. Some of the other stuff on AIM at 10-20M Mkcap is rubbish.

[fft] 07/11/2017 11:27

If the 2 delayed contracts do come in in 2018 then great. But looking at the RNS it looks like a complete balls up on every front possible by mgmt.

Unfortunately, it isn't the first time. The reason the price was well less than 1p a few years ago was because of mgmt making a mess. I (along with others I suspect) thought that mgmt had turned things around. This really knocks their credibility. They do have good holdings so they are incentivised, but their ability is something that may be lacking. In a case like this, their large holdings may be a hindrance rather than a blessing as it may be difficult to get mgmt changes.

[redmug] 07/11/2017 09:57

PJ1, you seem to have it sussed out. The statement made really poor reading regarding the overall management.

However, businesses can turnaround. Provided the business fundamentals exist, i.e. good quality, profitable and cash generative contracts/sales.

The quality of output from Paragon is brilliant; they have always been first rate on the actual delivery.

The senior team, Mark, Mark and John, all have significant holdings in the company and a very strong belief that they can make it happen; they are hugely incentivised to re-invigor the fortunes on the business.

I am, however, pro a new site. The spread across Elvington makes life difficult to deliver the operational efficiencies. There is a lot of work out there to be had.

The growth in the top-line has obviously been a little more traumatic than expected. But on £15m, it should be able to deliver profit of £2.25m (15%).