Personal Share Discussion Threads

[flc] 29/9/2023 10:57

Not bad, shouldn't really be using vouchers sales to inflate revenue but never the less it's good to see insurance premium revenues increasing.

[scepticalinvestor] 29/9/2023 07:44

Decent update

[tnt99] 02/8/2023 07:53

This must be a great buy at this priceGiven the update and return to profitability big turn around now covid is in the rear view mirror

[topvest] 24/7/2023 16:19

Yes, 11.2p is forecast with EPS of 15.1p.

[quepassa] 24/7/2023 06:18

Against such a strong Trading Update, last year's dividend of 10.6p (5.3p final + 5.3p interim) hopefully looks safe again - perhaps even with the prospects of being increased this year.


all imo. dyor.
qp

[topvest] 23/7/2023 20:09

Insurance is the main driver and that took a big hit during the pandemic. I am really pleased with how they have turned this around. Annualised premium income was only £24m in 2021, back to £28m last year and now £30m. That is back to where it was roughly at the peak, so hopefully by the year-end it will be an all-time high. Of course, it takes a while to show through in the numbers, but next year we could see reecord premium income. At some point, claims will tail-off as well but that's probably going to take a while. I was very close to losing confidence, and would have sold out if the insurance sales hadn't turned around, but I now think that the new Chairman is worth backing. Change is happening.

[flc] 21/7/2023 07:10

Yes good to see insurance marginally up. Revenue inflated by voucher sales where there's no margin, slow progress in all other areas of the business and knock on effect of Royal Mail to come..its not all good

[topvest] 19/7/2023 21:13

Yes, all going well apart from the Royal Mail contract loss. Insurance is the main driver and that's heading in the right direction which is very positive.

[z1co] 19/7/2023 15:54

That's even better:

Personal Group Holdings PLC Trading Update & Update on CEO Transition-Amend

19/07/2023 3:40pm

Positive first half trading resulting in significant YOY EBITDA growth alongside continued growth in recurring revenues

The following amendment has been made to the "Trading Update and Update on CEO transition" announcement on 19 July 2023 at 07:00 under RNS 4368G.

-- In the Highlights section the benefits platform ARR has been amended from GBP5.3m to GBP5.5m representing an increase of c. 8% rather than c. 6%.

[z1co] 19/7/2023 11:44

Fantastic trading update this morning

Revenue increased by 34% to £46.4m
Adjusted EBITDA increased 75% to GBP2.7m
Cash increased by £3.9m over the 6 months to £22.6m
Zero debt
Paid 10.6p dividend for year ending 12/2022

The company is very bullish for H2

Undervalued by a considerable amount

[quepassa] 19/7/2023 10:31

Wow.
those are great figures today.
Phenomenal growth.

Zero debt.

£22million cash.

But the growth in sales is astonishing.

Very buoyant outlook.

well placed.

not on the radar...... yet.

all imo. dyor.
qp

[tnt99] 02/7/2023 20:59

News on recovery in profits likely hope this boosts the share price

[oshy92] 11/4/2023 17:21

Hosting an "AIM & Inheritance Tax" webinar, Thursday 27th April from 12:30pm with Cerillion, CentralNic and Personal Group all presenting. To register go to:

hxxps://us02web.zoom.us/webinar/register/8916812298570/WN_Adu_9ELOSASUXQpomhfHXA

[macc1] 29/3/2023 11:19

here's a video update from the CEO re: yesterdays results:

[topvest] 28/3/2023 19:07

Not a bad ste of results, Lets Connect aside....particularly encouraging on the core insurance product which generates most of the profits. Is there a full year results video presentation?

[flc] 18/3/2023 08:59

More like a 7 year low.

[2lb] 16/3/2023 15:04

Three year low , poor.

[topvest] 30/1/2023 10:10

This is very good as well, but not really sure how profitable it is:
Benefits Platform Annual Recurring Revenue ("ARR") increased c.56%. to GBP5.0m (2021: GBP3.2m)
Driven by the Sage relationship.

[topvest] 30/1/2023 08:22

Yes, full year result expectations always looked stretching, but they have done pretty well other than Let's Connect which has been impacted by Royal Mail. H2 EBITDA (albeit BS earnings!) has tripled versus H1.

This is the key point:
Insurance Annualised Premium Income ("API") increased by c.15% to £28.0m (2021: £24.4m)

Very encouraging given the decline in prior years due to Covid-19.

[tnt99] 30/1/2023 07:40

Good second half results

[tnt99] 06/11/2022 09:06

Should double from here

[topvest] 01/10/2022 15:37

Yes, thanks. Premium income growth was the most important message from the interim results. The group needs to get API back to growth and this has started. Video says the team is nearly back to full strength which is slightly different to the wording below. Nevertheless, if they can get API back to c£30m quickly that will be the most important driver of results.

"Affordable Insurance

Our traditional face-to-face insurance sales' model was significantly affected by the series of lockdowns seen in 2020 and 2021 and we have witnessed the expected lagged impact of this over the past few reporting periods. However, with the field sales team now up to full strength, we continue to successfully rebuild the insurance book and in June 2022 we recorded the highest amount of new business signed in a single month since November 2018. This, combined with retention rates remaining above the Group's historical averages, has helped to drive the Annualised Premium Income (API) value up to £26.2m (December 2021: £24.4m).

The level of claims in H1, and particularly in Q1, was higher than anticipated, although this has subsequently returned to projected levels. This, in combination with a smaller insurance book and the increased policy-holder acquisition costs associated with having a full sales team out in the field, resulted in an adjusted EBITDA contribution of £4.0m (H1 2021: £6.5m), which should now continue to build in line with our increasing API."

Share price has collapsed as with everything else, but starting to look very cheap with an enterprise value below £40m.

The £20m cash pile should start generating a bit of a return as well, so well suited to rising interest rates.

[macc1] 27/9/2022 10:27

Results video:

[tnt99] 13/9/2022 01:09

Me to was effected by covid last year But record sales since then and a takeover of another company must be a great deal two for the price of 1

[jimtech] 10/9/2022 08:20

Will be looking at buying in again if share price levels out. Progress looks solid and decent dividend too. Seems to be under the radar of many.
Share price now at lowest point since 2004.
I can only assume that private investors have sold due to market concerns rather than PGH concerns.