Park Row Grp. Share Discussion Threads

[hobiecat] 02/4/2003 14:59

This is a factual demonstration why you should steer clear of any corporate IFA firm. The business is not suited to the low standard of salesmen they attract. All the financial problems in the sector - IAL, MIL, BIR, RJ Temple, KNG - are large scale firms that haemorrhage cash. (That's a statement of fact, not a personal view).

The large firms are taking on the no hopers, which is why the average per capita turnovers are so low - both IAL & MIL at £55k.

Salesmen sit in sales companies, good advisers have their own small firms. Good financial advice is simply not suitable to commoditised. Thats why the pension & endowment fines hit the large firms, not the small entities.

Would anyone here do business with a firm losing £1m a month?

[vinnyweknuts] 31/3/2003 10:55

Anyone taking a punt on my question?

[sandrag] 29/3/2003 10:22

I will vote against - what happens next?????

[vinnyweknuts] 29/3/2003 01:01

So if the bid fails city-watchers what price the shares?

[mygale] 28/3/2003 10:02

and me.( Do we just not fill in the acceptance form ?)

[silver doller] 27/3/2003 14:49

Hi
I will vote no as well

[top loser] 24/3/2003 17:31

I will be voting against the offer !

[tenerife] 24/3/2003 15:52

lets hope everybody votes against the `recomended` offer. i`d rather lose what little value these shares have left than let the directors get away with this!. it wouldn`t be so bad if the offer price had even reached the consolidation price!!.

[scorpio13] 20/3/2003 10:01

you may as well switch into another stock.I sold my park row and moved into ashtead.already up 50% and still moving upwards

[paulkent] 19/3/2003 00:41

Quote...
At least 20% of IFA firms could close or merge within the next 12 months if the Financial Services Authority (FSA) fails to address the current crisis over Professional Indemnity Insurance, claims Gareth Fatchett of ProACT Legal.

The Birmingham based solicitor recently estimated the number of IFA firms unable to renew PI cover at 15 per cent but says that number is increasing steadily. Says Fatchett:

"This is a problem of epic proportions and sooner or later the FSA will start closing those firms that can't get the necessary cover. My guess is that there are currently at least half a million clients out there who are totally unprotected because their IFA can't obtain cover. It has the potential to be the catalyst for massive consolidation within the industry."

see what i mean???

[night watch] 18/3/2003 22:06

Please can someone be kind enough to explain the followng,thankyou:

Shareholders are also able to elect for an earn-out alternative to cash at 9
pence in cash, plus 21 pence in guaranteed loan notes, plus earn-out loan notes
of a variable amount which will depend on the financial performance of Park Row
in the year ending Dec 31 2005.

[paulkent] 18/3/2003 09:36

sieglinde...some of what you say is right..but for SMALL IFAs...thats why the BIG IFA sector is getting so many of them on board...and the whole valuation basis for the next 12 months is going to be affected by exactly this sort of deal...providers NEED to get hold of large distribution and will pay what they need to pay to get it or else theyll not compete long term...these amounts (ie the values of IFAs) are chicken feed to the big boys but the amount of business they get in (and will want to secure from the large IFAs) is essential to them. If an IFA has commission turnover of 10million then it (in simple terms) means its generating the equivalent of about 200 to 300 million of lump sum business for the providers...and the value of that to providers is way more than the technical valuation youd place on the IFA based on profitability....

[sieglinde] 18/3/2003 09:14

I took the opportunity after yesterdays & today's rise to get rid of the last few I still had. the IFA sector is not looking promising with all the new regulation being chucked at them - earnings decreasing - new annual exams (middle of next year) - constant new reviews - problems with Professional Indemnity Insurance -
I am glad to take my loss and run!!!

[tenerife] 18/3/2003 08:44

couldn`t agree more.

[neil harvey] 18/3/2003 08:03

God,

Ever feel you've been screwed?

If it was such great value for us at 80p a share (with a 50% downgrade on price at consolidation) why should all the directors feel that 56p a share is good value now?

[bpoole] 18/3/2003 00:55

Never mind who - how much??!! They will have to offer much more than this for me to break even!

[paulkent] 18/3/2003 00:44

dont know roy...but i think youll see more and more of this as big IFAs get bought by providers or other IFAs...inevitable conclusion of changes in industry

[bladeboy] 18/3/2003 00:37

regalrealm114
ECI are now Avanti Capital epic AVA

bb

[roymayo] 18/3/2003 00:29

Who is bidding for park row ?

[nikkee] 17/3/2003 20:07

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