Perform Share Discussion Threads

[knigel] 12/12/2013 15:05

I see derampers want lower buy in prices. The pe is not 34 u r reading the half year figures. If so expenses why did the share price get so high in the first place?

[vision88] 12/12/2013 14:56

buy under 180p Me Thinks

[deanroberthunt] 12/12/2013 14:43

if it halved from here it still wouldn't be cheap.

[bulltradept] 12/12/2013 14:31

A PE of 34 and still valued @ 494 million @ £1.90.

[bulltradept] 12/12/2013 13:52

Yeap, can't argue with Mr Market on this one. It's still highly priced at £2.00.

[salpara111] 12/12/2013 13:43

Difficult to place a value on them given that they have guided for not meeting targets for 2014.
There is always real danger of a major sell off on any stock that carries a very high growth style rating.....sadly I hold IMG which has been caned over the last year by a string of revenue misses....in each case they are not big but if the stock has to re-rate away from being a growth story then all bets are off.
I am not looking to get in here at present as I don't know enough about the business.

[knigel] 12/12/2013 13:35

Still high growth though. Earnings circ 10p. Fair value sub 200p imo

[bulltradept] 12/12/2013 13:32

"Don't you mean £2 ?"

LOL. I do. Fortunately I've just come back from our son's School and wasn't tempted. Still overvalued now at under £2.00?

Buy at a £1?

[rbonnier] 12/12/2013 12:59

I now expect this to under perform Im looking to buy in sub £1 may be even sub 50p is possible .

[theprovosts] 12/12/2013 12:45

Seems excessive though.

"Full year revenues are expected to be c.6% below the Board's previous expectations"

50% down on 6% below expectations.

[stegrego] 12/12/2013 12:35

To warn and then warn again a month later doesnt give the market a great deal of faith in anything this lot say now.

Still expensive by the look of it, even at 250p.

[salpara111] 12/12/2013 12:31

Don't you mean £2 ?

[bulltradept] 12/12/2013 12:07

Buy at under £3.00

[bluerunner] 14/11/2013 17:19

14 Nov - Broker Jefferies reiterated their target price of 670p.That's an upside of 40%.And 2014 is a World Cup year which must be further upside for Perform.And the November - May period of (generally) better stock market returns has just begun.I'm in.

[tiger20] 14/11/2013 17:01

Prime Markets has labelled Perform Group as a 'sell' following the digital sports media firm's profit warning on Thursday.

The company reported a 31% rise in third-quarter revenues but said that earnings before interest, tax, depreciation and amortisation (EBITDA) would be £4m lower than previous forecasts due to a weak performance of Technology and Production in the second half.

"2013 has by and large seen Perform Group do what they say on the tin - perform! And certainly the group continues to grow apace, with a strong performance from new acquisitions, in particular that of Opta," said Head of Dealing Richard Curr.

"However with weakness in technology and production hitting the EBITDA measure so hard, and mindful of the raft of director share sales earlier in the year around current levels, we expect further weakness in the shares before a sustained recovery develops."

The stock has recently fallen out of a "gradually rising trend channel", the analyst pointed out, falling below the 200-day moving-average support at 548p.

Curr said that the next logical charting target for the shares is the "double April low" at 450p, "and we anticipate this will be hit in the next 7-10 days".

The stock was down 13.73% at 465.86p by 12:26 on Thursday.

[painter] 14/11/2013 09:22

Being marked down on very low volumes. Looks overdone.

[matplum] 14/11/2013 09:03

Seems to happen every time they issue their results, everybody expecting too much, maybe?
Big drop this time though.

[lateralam] 14/11/2013 08:17

And there was me thinking today's RNS was good news!

[matplum] 21/10/2013 07:05

The next set of results must be out soon. All very quite on this board for a company that's expanding rapidly.

[matplum] 27/8/2013 07:03

Give us a clue birdsedgeuk. MS downgraded on Friday hence the drop.

[birdsedgeuk] 26/8/2013 22:24

Research received today on traderdiarycouk was very good

[matplum] 08/8/2013 19:02

Good rise today, maybe we'll be back to the £6 mark soon and then some good results at the end of August will push the shares to £8.00

[melody9999] 03/7/2013 07:31

maybe some had advance notice of the placing

[johnv] 01/7/2013 15:38

This got given a ADD by Numis on 28th june although I did read in the Times of a downgrade

[matplum] 28/6/2013 06:49

Hi Balbains
My take on it is that this company is expanding very fast, the concern could be that they may have to go to the share holders for more money to continue the expansion. In the form of a rights issue.
Thats not happened so far.
I'm in it for the long run anyway so not too concerned at these corrections.
I also think that the mms have no idea how to price this company.
Have a good day yaal and maybe we'll see the share price back to where it was.