Personal Share Discussion Threads

[flc] 17/2/2006 07:56

Bon

Being in the same sector I monitor their activities very closely as well as their client base. Don't get me wrong, they are extremely good at what they do and have an excellent management team. The business has been built on worksite marketing of protection products i.e. Hospital Plan which has been very lucrative for them.

The voluntary benefit market has matured over the last couple of years and we've seen most of the large financial institutions jumping on the band wagon with their glossy voluntary schemes. Competition is much more fierce now than it was a few years ago and senior HR managers are starting to do due dilligence on suppliers who wish to promote products to their staff.

This is the main reason PG have extended their services in to other areas such as Flex and Salary Sacrifice. The problem however is that they are not experts in these fields and are still regarded within the market as sellers of protection benefits. Other providers working on a similar basis have far better products and as such PG are losing market share.

What they are very good at however is milking an employee base quickly and building their book. Once the costs have filtered through in the first year they make good levels of profit from the premium income which is why their book has a substantial value and would be attractive to one of the large insurers.

I'm sure they will continue to delight shareholders.

[bonnard] 16/2/2006 17:34

FLC,

How do you know they have been losing clients? Every company loses customers but also pull in new ones. Are PGH losing more than they are winning?

Thanks, Bon

[flc] 16/2/2006 17:02

Should be as steady as ever but I don't think they will have much to talk about on the new client front. They've been losing quite a few over the last 6 months and not making much headway with new clients. Should not really have much impact on figures as they makes loads of dosh from short term relationships anyway.

[makingheaps] 14/2/2006 15:34

Moving higher today in anticipation of results due in a month or so?

[robsy2] 26/9/2005 16:02

Yeah
Not much excitement but no nasty surprises either, unlike say TPA where the bean counters can't or don't want to, add the figures up right.
A bit of "sleep well at night" is very comforting in the meantime!

[josephjoe] 26/9/2005 13:36

as i said before, money in the bank, look at the chart, no worries.

[moogies] 26/9/2005 11:07

Yes agreed.

Looks like no-body else is interested though - so I'll just file PGH away for the next 6 months and go back to sleep!

Snooze...snooze...snooze

[robsy2] 26/9/2005 10:30

Nice set of results.
As the chairman notes ,the market is extremely competitive but they are well placed. They are able to find clients by running benefits packages for companies.They now have an IFA arm to crank up the sales to the existing clientbase and they now have a profitable insurance platform to execute business.
All in all a good position to be in.
Robsy

[josephjoe] 14/9/2005 12:33

hi Robsy,
Couldn't agree more,be patient,not long now for breakout, 6-7% yield as well, money in the bank, good luck.

[robsy2] 13/9/2005 15:06

I am a happy holder of this stock. I love the yield and I am comforted by the business discipline required to pay that dividend. The key to the IFA business is having a large client base.The takeover of BM is made in heaven and beautifully timed as well.This is a company that is doing well and is going to do well in the future . I see potential for the share price to break out.
This stock is boring but Boring is Good!!
All the best
Robsy

[flc] 08/7/2005 10:09

The BM acquisition is quite significant in what is becoming a very competitive market. If they can integrate this to maximum effect within the current business it will pay dividends. They will need to as they are losing market share against the likes of AIG, CBS etc. and finding it increasingly difficult to land major accounts.

Still think they are a solid company and worth buying but it will be interesting to see how the next 12 months pans out for them.

[josephjoe] 07/7/2005 12:40

get ready for lift off, look at the great chart, great dividend as well, enough said.

[josephjoe] 01/4/2005 13:32

tipped in todays i/c, these are a very strong buy, shares are tightly held.yield7%.

[topvest] 28/3/2005 08:48

All a bit quiet on here. Results seem to have gone by without any comment. They looked ok to me. Outlook for the current year looks good with Berkeley Morgan starting to contribute and the impact of all the new client wins coming through. Also, on a chunky yield. Rooney seems to think they are worth buying.

[josephjoe] 03/3/2005 14:01

not a fall. went x/d on march 2nd.

[makingheaps] 02/3/2005 17:00

I believe the company has a responsibility to inform the market as soon as practicable though I'm not sure about AIM. Certainly this was a lot longer than I would have thought acceptable. Seemed deliberately timed to coincide with the institutional purchase and the dividend statement.

This kind of mystery does nothing for the share price performance and building on the poor handling of the acquisition before Xmas is why we have such a dull profile. Still good value however imho.

Why the fall today?

[topvest] 26/2/2005 17:18

Sounds a bit of an admin blunder to me. It's not a massive sale though.

[mw8156] 26/2/2005 13:04

Sold a lot of shares in January but we are only now being advised.

[mctmct] 25/2/2005 09:50

So why did CEO Rooney sell over a quarter of his shares yesterday?

[moogies] 24/2/2005 20:49

VHV HOLDING AG

Seems to be a german insurer who have bought a 5.96% holding on 23/2/05.

not sure of the relevance.

The only info I could find re VHV was at

[mw8156] 24/2/2005 19:41

Who is VHV and what are their intentions?

[moogies] 28/1/2005 12:29

Tipped today in Investors Chronicle

[topvest] 14/12/2004 21:28

Yes, PR on the deal very poor. I don't think they need to talk this deal up though. Think it is an excellent one for Personal Group. Mr Pardoe will be a great asset to PG.