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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pci-pal Plc | PCIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 62.50 | 07:47:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.50 | 62.50 | 62.50 | 62.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 29/2/2024 13:32 by alun rm The appeal is set for late May. A 6 hour hearing, with no new evidence to be heard, if I understand the process. If the previous judgement is upheld (which seems likely given the strength of the original judges comments), then investors are likely to become more interested in the underlying story. Fingers crossed the judgement comes quickly. |
Posted at 27/2/2024 10:14 by nickelmer Agreed, the court nonsense is causing a real halt to anything meaningful from larger investors |
Posted at 27/2/2024 10:11 by adamb1978 Still think the shares are, in effect, suspended at the moment. Large numbers of investors, both insti and private, won't buy in with the court nonsense ongoing.Good thing is that PCIP continues to knock the ball out of the park (25% yoy growth) so when the quasi-suspension is lifted, there should be lots of upside |
Posted at 06/2/2024 21:47 by adamb1978 Not sure about that at all Nickelmer. PCIP's price never got to crazy levels for a SaaS business and today is still at c.2x ARR.Given PCIP's churn is so low (3%) then all the ARR wins are incremental to the top-line and with mainly re-selling via partners they dont need to scale sales & marketing costs like crazy. They just need to get the court stuff out of the way - there's enough investors which won't look at PCIP because of that, and therefore the price risks drifting. Look what happened after the UK win - the share price shot up...only to come off again once the appeal was announced |
Posted at 30/1/2024 12:21 by adamb1978 Annoying that the share price has come off. We had a year or two of the shares just drifting - effectively being suspended - whilst the court process moved though. Lots of investors not looking at it because of the case, and volumes being very low.Now we get them appealing and feels like we are heading back there too. Upside is that it didnt seem to have the slightest impact on the business before, with PCIP constantly knocking it out of the park and strong growth continuing. So that and the initial court win saying both that Sycurio's patents should be invalidated and that even if they didnt, PCIP didnt infringe, should both mean that the share price doesnt drift as much as before the court hearing. However it feels like getting to cashflow positive (H1 to Dec-23) and profitability (this half, to Jun-23) might not be properly reflected in the price til we get through the appeal. Bit frustrating... |
Posted at 30/11/2023 16:09 by simon gordon Good point on Twitter:MG - investor - 3/10/23 I know that some executives follow me on X - here is some advice: It's always best to be direct about expectations. If it will be a slight miss/delay - SAY IT. Investors see through this easily & trust will be lost going forward. You need us. #PCIP #IHC - any others this year? |
Posted at 06/11/2023 17:19 by simon gordon Simon French - 31/10/23Time for Hunt to go with the flow Back in July the Chancellor, Jeremy Hunt, unveiled his plans to reform the UK’s ailing stock markets. In that mid-summer speech at the Mansion House he signalled that final decisions on his Edinburgh Reforms would be made ahead of the Autumn Statement. With that Statement now under a month away what should investors and companies expect to hear? The Treasury is acutely aware that investors in UK stock markets have been swimming against an outgoing tide for years. Institutional asset managers – namely pension funds and insurance companies – have been reducing their allocation to UK shares for at least two decades. At the turn of the century these long-term investors held 40% of all UK shares. Today that is closer to 4%. Whilst this pivot away from shares has been a global trend the UK investment industry has gone further, and faster. Equity investment that has taken place pivoted to global companies – listed outside the UK – as the UK stock market underperformed its peers. This has created something of a doom loop of falling liquidity and company valuations. The upshot is that UK companies looking to finance their growth through public equity are now at a significant and sustained economic disadvantage. Our analysis at Panmure Gordon suggests that the cost of financing a UK-listed company is 23% higher than an equivalent company looking to raise equity overseas. It is why UK companies are looking at international stock market listings or being bought by overseas private equity investors. There is little doubt that the poor productivity, investment, and wage growth of the last two decades is partially linked to this trend. It is easy to dismiss this as a financial sector story. Poor bankers weeping into their newly unrestricted bonus pots. A sickly stock market is not a story that immediately attracts public sympathy, even though financial services make up 8% of the UK economy and contribute 12% of all tax revenues. However, that would be to ignore the central role that UK stock markets play in sharing the proceeds of economic growth, financing innovation, reducing reliance on foreign technology, and shortening supply chains. Whilst the US and China are pursing this agenda with huge subsidies and by running large deficits – a risky stance as interest rates reach a two-decade high – the UK would be unwise to follow suit. Mr Hunt will be looking for options that cost nothing and preserve order in the market for UK government debt – one of his Mansion House “golden rules”. This is where the UK’s pensions industry – the second largest in the world – needs to step up and be encouraged to reverse flows out of UK equity markets. Staggeringly there have been net outflows for seventy-five of the last ninety months – totaling more than £43bn. This has dramatically raised the cost for companies looking to raise investment capital in the UK. So, what should be done? An important thing to acknowledge is that the current Government, and the Labour opposition, are both attuned to the seriousness of the problem. The Edinburgh Reforms appear to have bipartisan support – a rarity in the current political climate. However, to date, jawboning on the need for reform has received an underwhelming response from investment decisionmakers. There are three proposals Hunt should be considering to reintroduce the “natural buyer” of UK shares. This is a natural buyer that has drifted away over the last twenty years leaving the financing of the UK’s corporate base in the hands of international investors. The first area ripe for reform, and certainly the least contentious, is to put a floor under the amount of UK equity ownership held by public sector pension schemes. It was revealed recently that the parliamentary pension scheme invests a pitiful 1.7% of its assets in UK-listed companies. Whilst we should be cautious of government-mandated investment decisions, if there is a positive social and economic spillover from supporting UK companies then schemes that are underwritten by the taxpayer should be encouraging that outcome. This is consistent with the way the Treasury have been encouraged to take a “whole economy” view as part of the government’s Levelling-Up agenda. Second, the government should consider returning the tax advantages of saving in a Stocks and Shares ISA to its original form – which was eligibility for UK-listed shares. The decision to widen this to global shares in 1999 was admirably globalist. But in the current race to develop a domestic supply chain, the UK’s commercial competitors in Europe, Asia and the Americas do not warrant a UK taxpayers’ subsidy on their balance sheets. Third, individual share ownership in the UK has gone out of fashion. So many Britons feel disconnected from wealth creation and having a stake in the UK economy’s success. This is a culture that is inconsistent with a fast-growing economy. The Treasury has at its disposal a range of COVID-era loans that have been converted into equity, as well as twenty-four large assets managed by UK Government Investments. These could be the seed assets for a national wealth fund from which all UK citizens benefit. Such an approach is culturally powerful – it could blend both the popular “Tell Sid” campaign associated with the 1980s privatisations, and also a model used by the Swiss National Bank whose shares pay a regular dividend to Swiss savers and are listed on the Swiss stock market. It is striking that the Labour Party are looking at similar models developed in countries like Singapore. Such a fund can then take strategic stakes in UK companies, as has been successfully done in Canada and Australia. There is little surprise that the sickly state of UK stock markets has gone largely unnoticed. More obvious economic challenges of Brexit, cost of living pressures, regional inequalities and strains in public services have a greater public resonance. However, the one thing that everyone agrees is that economic growth is central to addressing these challenges. There are few things that Mr Hunt can do between now and election day that would boost growth and cost him nothing. Transforming flows into the UK stock market is one. As one large US investor in UK companies told me last week: “get this right and UK shares could easily rally 30 to 40 percent”. Such views reflect the current negative stance on UK shares and from sustained outflows. Mr Hunt has shown himself to be a quietly ambitious reformer over the last year. It’s now time for him to go with the flow. |
Posted at 05/11/2023 21:03 by adamb1978 Yep, its an issue but the LSE isn't going to disappear.The biggest related challenge is the lack of growth companies. That definitely IS a virtuous circle - investors in London aren't used to valuing growth companies appropriately, meaning growth companies are less likely to list in London, meaning investors aren't familiar with them or value them appropriately...etc |
Posted at 06/10/2023 19:23 by simon gordon Melwin Mehta - 6/10/23Britain is ON SALE But not for long as valuations will come good, patience is key. Investing in equities takes patience – short term traders can make gains (and of course losses they won't talk about) but the real rewards come to those who play the long game. More about “real” long term later. UK equities have suffered net outflows for over 2 years now. So, when will the tide turn? High inflation, recession concerns, rising interest rates have contributed their fuel to the fire. While we don’t have a crystal ball, we firmly believe that UK small to mid-cap equities provide plenty of opportunities for those prepared to do the work. In recent weeks we have seen bidders circling for value, with cash rich private equity firms particularly active right now. They are prepared to take a longer-term view. #Parcel carrier DX Group is in talks with private equity giant HIG European Capital #Cake maker FinsburyFood has accepted a £143m bid from DBAY Advisors #Osirium Technologies has succumbed to an offer (at a 96% premium) from Sailpoint (owned by Thoma Bravo) Macquarie has made a highly conditional non-binding proposal to acquire Renewi. A special shout out to the Board of Directors, led by Chairman Bernardus Verwaayen and thoughtful CEO Otto De Bont for rejecting the offer and showing some self-belief. We need such strong management teams who can withstand these short term chocolate temptations. We are not interested in 30% bid premiums by private equity. Thanks but no thanks. Our Fund has invested companies since 1963. We want to, and we will continue to invest in good businesses run by management teams we trust and admire. We are keen for the London listed ecosystem to be live and thriving – 60 years from now when our Fund will be 120 ! A tree takes time to yield fruits. Similarly, valuations and re-ratings take time, one needs to be patient. A LOT OF PATIENCE. We know. Ask us. Think about us when you think “real” long term. Investors in the YFS Sterling Select Companies Fund (formerly known as The MI Discretionary Unit Fund) have turned £1,000 (at launch in 1963) into £600,000 and more -- after all costs and fees. Those returns have NOT come in a straight line – nor will our performance come without ups and downs. Our intention is we trend in the north-east direction. We live in Britain, we invest in Britain and we love Britain. So please be well aware -- our views are biased. From the comments section below the article: Chris Boxall Director at Fundamental Asset Management Well done Melwin, "We are not interested in 30% bid premiums by private equity" is music to my ears. Unfortunately, many of the UK's so-called leading institutional investors appear to be thinking differently. Having entered the small cap arena in the hope of capturing multi-baggers they are now bizzarrely tempted by 30% premiums, at best! In the meantime, having pocketed some low-ball cash, the number of decent UK-listed opportunities in which to redeploy this cash is declining fast. The UK market is clearly not being helped by this evident lack ambition. Chris |
Posted at 05/10/2023 10:16 by simon gordon Nicolas de Kouchkovsky - September 2023:Reflecting on my discussions at the KBCM Technology Leadership Forum early this month, I noticed CCaaS, once a favorite among investors, now appears to have lost its former shine. Concerns arise about slower growth, profitability challenges, and the entry of major players like hyperscalers and CRM providers. Investors are also worried that AI and automation might replace a significant portion of the workforce and reduce tech investments for contact center agents. I hold a contrary view. Indeed, it's a crowded field, and some consolidation is inevitable. The journey to effective growth is arduous—some aging architectures demand urgent modernization, and go-to-market strategies need revisiting. Yet, the industry is expanding, and its strategic importance for businesses of all sizes is increasing. It's all about effectively managing customer interactions in the digital world. Two decades ago, I found that 10% of B2C staff occupied contact center and customer service roles. My recent analysis reveals roles blurring: an increasing number of employees in departments like sales or branches are virtually engaging with customers, sparking a demand for interaction technology. In the banking sector, customer-facing roles now surpass 20% of the workforce. The volume of customer interactions continues to grow steadily. AI and automation help handle that growth more than cutting existing staff, with minimal reduction in the foreseeable future. CCaaS is merely a piece of the broader puzzle. It is now part of a larger CX ecosystem. With AI, the focus shifts from queueing and routing interactions to data that fuels models. The future of customer interaction management will revolve around data platforms yet to be created. This is why I remain bullish about the space. |
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