Park Group Share Discussion Threads

[a1samu] 20/4/2011 07:14

This is a long term hold, with solid yield, (better than the bank would pay), massive capital appreciation prospects, massively cash positive, institutions beginning to take an interest, finally having found a serious add on, to the existing substantial business in flexecash, after years of trying and incurring SERIAL losses on new ventures.

I am a holder of these shares to £1 and beyond over the next three years and since especially, I am uncertain in what better share to invest in.

This share is seriously undervalued and it will need patience to reap the potential rewards that it is likely to be offering over the years at its current price of about 40p.

If I had more spare cash, I would put it into this share for the yield and prospects. This is one of my core holdings quietly purring away in the background, adding value and income to me regularly.

Therefore you can see that I am biased, since I am now totally in love with this stock, now that it is coming right, mind you, it has not been always like this, for I remember the torrid times it gave me when it sank below 16p.

[rvsy38] 18/4/2011 08:32

a1samu - thanks for the link. It looks to me that the company is pretty much fully valued at its current price - do you have a view ?

[a1samu] 17/4/2011 07:42

See the April analysis on Park @ hardmandandco.com/research/research monthly_APRIL2011.pdf, for the latest news and market view.

This is paid research by Park, to keep the market informed about the latest happenings in the company, and review forecasts of the coming years.

[rvsy38] 15/4/2011 23:33

A good leg up today on high volume. Does anyone expect any news or other reason for the rise ?

[davdreamer] 19/2/2011 16:31

Perhaps nolan is helping to get these off the ground. plenty of people find these services given by park a boon to christmas. it helps the finances in these hard times

[ntv] 13/12/2010 11:46

does seem somewhat surprising that there have not been many buyers considering the potential growth story here
sales here are growing at a phenominal rate this should feed straight through to the bottom line
also a much better divi than you ever get in the bank/bs

[ntv] 09/12/2010 07:38

yield should be at least 5% by year end, nice

[ntv] 09/12/2010 07:18

nice increase in everything including an excellent increase in the divi
bodes well for the full year results

[ntv] 08/12/2010 10:36

we like these ,results due soon

[ntv] 08/12/2010 10:36

we like these ,results due soon

[ntv] 08/12/2010 10:35

we like these ,results due soon

[a1samu] 16/8/2010 09:44

I am gobsmacked by todays news! Over £4M, or over 10% of the whole worth of the company, is to be received as the result of a Fleming claim.

I have not seen any comments included in the accounts about a Fleming claim, going back many years or the progress of such a claim.

Neither have Hardman ever included such a topic in their research notes. I wonder why?

Maybe, I am just slow and I am the only person who is uninformed and everybody else was fully aware of such a claim being pursued by the company?

But maybe there are other skeletons in the company's cupboard & only the directors are aware of their potential impact on the company's finances. Why else would the increase in the value of the company be restricted by the market makers to half of what has just been confirmed will be received in cash?

[a1samu] 28/7/2010 11:42

Directors remmunerations shown at £1,028M, reduced this year to below the level paid in the year 2004/5. Good sign? I wish, it was.

I just wish the directors were as generous with paying dividends to shareholders as they are in paying themselves remmuneration. I can remembers when dividends of 3.5p+ were paid, over ten years ago. I can also remember when dividends were altogether stopped, but directors remmuneration increased by leaps and bounds.

I just looked up the www.flexecash.com pages. There does not seem a facilty to be able to apply online for a prepaid card.

Prepaid card issuers make it easy to apply online. This is not the case yet with Park. Why? In any case, if I wanted to park some surplus cash, I can always put it on my ordinary credit card. At least the c/c company does not charge me for keeping my money.

I just hope that the flexecash activity, which has already absolved over £3M will not be the next item reported under losses on discountinued operations!

[dcomd99] 16/8/2009 18:39

If the Chairman controls 80% of the shares, there's nothing to stop him delisting. The share price would collapse, and PIs might get 5p per share.

[knitcraft] 22/6/2009 14:01

Revenue on continuing operations increased 11 per cent to GBP250.5 million
(2008: GBP225.1 million)
Profit before taxation on continuing operations increased 24 per cent to GBP6.2 million (2008: GBP5.0 million)
Finance income up 17 per cent to GBP3.1 million (2008: GBP2.7 million)
Earnings per share on continuing operations advanced 12 per cent to 2.44 pence (2008: 2.18 pence)
Total dividend raised 10 per cent to 1.32 pence per share (2008: 1.20 pence per
share)
Cash balances peaked at GBP124 million (2008: GBP96 million)


Yield 6.4%
Divi due August
Chairman controls nearly 80% of shares ( approx )


One day there will be some corporate action here.

[a1samu] 05/11/2008 19:21

I find it impossible to reconcile the turnover figures presented in the accounts.

For example, turnover is broken down in part in the 2008 accounts, and some more detail is given in the statement of the Chairman, and in the Operational Review, but there exists a gap of £7.9M of unexplained revenue.

Also provisions are shown under note 21 of £23.7M, which relates to unredeemed vouchers.

Cash on trust is shown as £17.4M under note 18.

The margings are paperthin. (an operating profit of £700,000 on t/o of £143.5M Chrismas Savings, and a gross margin of 6.16%, £13,864M over £225,069M, total sales),

I would have thought that cash held on trust should reflect the 6.16% gross margin somehow..

So how is the difference explained?

I cannot see any reference to hedging anywhere in the accounts.

[taylor20] 05/11/2008 16:22

I think their estimates for this year were based on 4.75% on average, so probably only next year that will be revised. But agree it is a risk, and am currently not holding.

Do they do any hedging?

[a1samu] 05/11/2008 16:06

With interest income representing 47% of the prospective profits, and substantial base rate cuts being anticipated by the market, it seems that profits will reduce over the coming years.

Hardman may be comfortable with their estimates, but they are not taking the risks and they will just revise their comments, when profits will turn down.

This is just the beginning of recession and it seems that it is likely that interest rates will fall substantially over the next years, resulting in cutting one easy sorce of profit for the company.

Hardman ought to revise their estimates, taking this factor into account.

[taylor20] 25/9/2008 11:58

Struggling over the last few days, on no obvious volume?

Hardman still plugging away:

[roughjustice] 02/8/2008 20:04

Tipped on - second episode

[taylor20] 23/7/2008 13:57

Taking a bit longer to get to 16p than I'd hoped, but heading in the right direction.

Ex-div middle of next week (0.8p)

[sussexseagull] 17/7/2008 14:26

Don't hold myself, but I know someone who bought into PKG a few days ago.

She knows what she's doing.

[a1samu] 11/7/2008 18:00

The trouble with Hardman is that they ignore the massive losses written off over the last 10-12 years and the disasterous diversification policy that was adopted by the company and its main shareholder and CEO.First came the potatoe chips disaster, than dribs and drabs as can be seen from my previous messages. The latest was the massive write offs over the loans business. Losses on discontinued operations are still part of the business and the mind set has not yet changed.

With retained erarnings of minus 35M pounds and a negative balance sheet of 30M dream on about capital repayment. What capital repayement? There is no capital to repay. How outrageous. As to dividends, the company reduced the dividends over the years and stopped paying it altogether, see my earlier messages, while the directors remmuneration increased nonstop. In any event, one cannot bank prospective dividends or yields, just try to impress your bank managers with such a story. He will laugh you out of court.

One just does not know whether the company will embark on another disasterous diversification move once again. The chances are that they will be and the chances are that there will be more massive losses. The share price will go xd and div paid and it will continue to drift below the 10p level, because of market sentiment and little exitment for the shareholders.