Personal Share Discussion Threads

[topvest] 19/1/2020 18:24

Nice to see this bounce back. Lots of potential if the new CEO delivers!

[stockstracker] 14/1/2020 07:46

PGH Personal Group traded in line in 2019 https://t.co/ILp9E4F8mN

[2lb] 15/11/2019 18:20

I think PGH are in trouble here. The CEO appointment was strange at the time and smacked a little of desperation. If the Board, and notably the NEDs, have some grit about them then they will bite the bullet and make a change sooner rather than later and admit the appointment hasnt worked out.

[sniffer5] 26/9/2019 14:53

Share price continues to slide - down another 2p today already. There previous CEO identified a need for new clients and yet they went and appointed someone without any insurance background. Very strange decision.

[sniffer5] 18/9/2019 14:50

The latest interims released yesterday look very poor. Gross premiums are down 3% and by their own statement likely to fall further over the rest of the year and 2020. Despite falling premiums their insurance operating expenses rocketted as a percentage of premium from 49.09% to 54.69%. The non insurance part of their business is low margin and unless they can resurrect their insurance arm I see little growth. Any thoughts?

[topvest] 26/3/2019 20:28

152 posts since 2003. That's the sort of BB and Company I like!

[topvest] 26/3/2019 09:38

Looks OK to me. All a bit flat at the moment, but a quality company that I'm happy to hold long term. Tempting to add a few more, but I have quite a few already!

[runthejoules] 26/3/2019 08:47

Bought back in at 343p. Seems range bound, div ok at these prices, kitchen sinking probably over!

[runthejoules] 26/3/2019 07:56

Any thoughts on today’s results?

[topvest] 11/1/2019 20:57

£0.5m in 2019 and £1.7m in 2020 as per Stockopedia. EPS now 27.5p this year and 26.1p next year. Dividends 23p and 23.3p. Quite a cut next year. Still, I'm happy to stay on board and see what the new CEO can do. If they can reinvigorate their sales process then this could return to growth pretty quickly. The technology is good. I suppose there is an outside chance of a bid as well, albeit I'd like them to stay independent as they have delivered a good return since listing at a £1 or so many years back.

[typo56] 10/1/2019 10:13

How much of a downgrade is this going to be? What were the pretax forecasts for y/e 2018 and y/e 2019? Sharescope have £11.6m for y/e 2019 which is 22% up on 2018. So potenially a 20% miss here?

[topvest] 10/1/2019 08:09

A bit of a disappointing update today. Looks like the final quarter was a tad disappointing. The reduced expectations for FY19 will pull this back a little, but probably a better base for the incoming CEO. Still happy to hold and collect the 5-6% dividend. Likely to be down 10% today I feel.

[u813061] 21/9/2018 11:50

I think the CEO led the building of the technology and now they need a leader with more sales experience to drive things forward.

[topvest] 18/9/2018 19:44

Good results. Disappointing that the CEO is leaving, but its a sign of a good business and a well managed transition when its 1 year ahead of the leave date that its announced. Its a real positive that there are no posts on results day. An undiscovered gem of a company.

[u813061] 12/9/2018 08:28

Breaking out over £5 now. Results on 18th September

[runthejoules] 20/7/2018 09:30

Well I sold half a week ago at 40% profit to put into £Opti and am happy with that, happier with my decision to keep half after that update but I am disappointed mr market doesn't seem to havevread past the first line of this 'in-line' TU. maybe if they'd said what mgt expectations actually were.., have to see if any broker updates I suppose!

[topvest] 20/7/2018 07:27

A nice positive update. Happy with my doubling up decision 6m or so ago.

[runthejoules] 20/7/2018 06:34

Should get us back up to 500p? Personal Group Holdings PLC (the "Company", "Personal Group", "PGH" or "Group") Trading Update Personal Group PLC, a leading provider of employee services in the UK, is pleased to provide the following update on trading for the six months ended 30 June 2018. The Company had a good start to the year, with trading in line with management's expectations and ahead of last year's performance in all three business segments. The core insurance business continued to perform well, while PG Let's Connect, the Company's salary sacrifice business, also had an encouraging start to the year. The Company's SaaS business also performed as expected, with an increase in revenues compared to last year. PG Let's Connect benefited from Royal Mail Group's decision to run its salary sacrifice offer to its employees on a continuous basis from March onwards this year. PG Let's Connect was also appointed to the Crown Commercial Services framework, one of the biggest public procurement frameworks in the UK, in February, which significantly expands the potential customer base. The Company's SaaS business saw two significant client wins in the first half of the year: Randstad, with 4,300 employees, and St John Ambulance, with 6,000 employees. The launch of the next product version of the Sage Employee Benefits proposition, extended to Sage's wider client base, continues to gear up and we look forward to progressing our partnership. Indeed, the Company's commitment to the product has strengthened this year. With immediate access to the significant but fragmented small and medium business market, Sage remains a natural channel partner for the Company. As planned, the Company launched the next generation of the Hapi app during the period. The updated version has improved accessibility, now being available via the Apple app store, and includes much greater user functionality. During the first half of the year, considerable progress was made in rationalising the Company's supply chain. A number of additional products are now provided directly by the Company, including reward and recognition, retail discounts and cinema tickets, which previously relied on services from third parties. This initiative is driving additional commercial benefit, with increased revenues and improved margins across some offers, while also reducing supply chain risk. Mark Scanlon, Chief Executive of Personal Group, commented: "Personal Group has performed in line with management's expectations during the first half of the year, which saw improvements across all parts of the business. This has provided us with a good foundation as we enter the second half of 2018, which has also started well. The Board remains confident in its outlook for the full year."

[topvest] 03/4/2018 16:02

Well I've topped-up again at £4. With all businesses firing well and a record February, what's not to like with a 6% yield!

[topvest] 31/3/2018 17:10

Good to see virtually no posts. Page 29 of the Annual Report is interesting. Number of insurance policies are 319,513 down a bit on the prior year. Happi subscribers are 237,664 up from 117,664. Not sure that sort of growth in Hapi is priced in.

[stemis] 26/3/2018 21:00

Despite all the commentary about IT salary sacrifice and SaaS etc., the only thing that makes any money for them seems to be insurance...and that hardly looks like good value for the employees. Only about 22% of what they pay comes back in benefits. Is that sustainable?

[topvest] 21/3/2018 21:15

Really pleased with my double-up decision a while back. Looks very positive for this coming year. A quality company. Might be time to but some more.

[topvest] 21/3/2018 21:14

Really pleased with my double-up decision a while back. Looks very positive for this coming year. A quality company.