Personal Share Discussion Threads

[flc] 30/3/2009 08:12

They had a good year last year. Having experience in this sector the down turn actually works in their favour as more employers are looking for low cost options and PG can provide this.

[makingheaps] 27/3/2009 14:59

Anyone got a view on what to expect in the results on monday? I guess with unemployment rising, companies cutting costs and a generally less competitive employment market where fringe benefits are lesss significant, sentiment will be cautious at best. The share buy back and director dealing in December should mean that the results themselves are fairly decent.

[mctmct] 06/5/2008 09:38

This is a rare share, making a new high today.

[makingheaps] 25/2/2008 19:50

An encouraging sign that they increase the dividend and switch to quarterly payouts. Starting to regret selling out although I still don't see great growth prospects here.

[makingheaps] 05/2/2008 16:54

In this uncertain market I decided to sell a couple of weeks ago for £3. Since then the price has not moved a jot. I did expect it to fall and to get the chance to buy back in at say £2.60. I don't expect anything particulary bad but just can't see much progress being made in this market. Still hope to come back later.

[gco1133a] 29/5/2007 14:59

Slipping lower on very low volume.
Sold 1/3 of mine at 314 three weeks ago, wish I'd sold more now but if this gets much cheaper the yield begins to look very attractive.

[maiseymouse] 04/5/2007 09:08

panmure downgrading

[makingheaps] 02/5/2007 15:12

And still going, anyone know why? Seems like all sells today but the price keep going up. Not complaining!

[makingheaps] 13/4/2007 15:22

Nice tick upwards in last couple of days.....

[makingheaps] 26/3/2007 17:26

A very decent set of results today. Makes you wonder what the fuss was about at the end of last year. On an historic basis the PE is 15 and the yield 4%. Thats about fair value I would say. The performance of the acquisition looks poor looking at year on year profit although the one off payment to the MD won't be repeated. This year there will be £0.5m additional sales cost without impact on the top line but with £10.1m profit that seems OK. Possibly a boring but stable year ahead and something slightly more optomistic for 2008. I think we will trade in a range between £2.50 and £3.00 which is OK while you pick up the 4% dividend. Glad I didn't sell earlier as I was sorely tempted to do and happy to hold for a bit longer.

[mctmct] 27/2/2007 13:02

Well, we are back to where we were before the profit warning. Are you back in, TopV?

[topvest] 26/9/2006 19:44

I sold mine first thing this morning. I didn't really like the Berkeley Morgan acquisition and this profit warning was the last straw. Still a good company, but I bought at 93p and so silly to hang in there now. The compelling growth story seems to have disappeared, at least for the time being.

[mctmct] 26/9/2006 09:16

Still getting cheaper - and on very small volumes. I wonder when the directors will start buying. The bounce could be very sharp if someone wants 100k or so.

mct

[topvest] 25/9/2006 21:06

"In the short term the cost of this investment programme and other trading
activities may reduce profits for the full year to 31 December 2006 by up to
approximately £0.5 million from those currently forecast by the market."

this in the afternoon. Seems to me that they were forced into this!

[topvest] 25/9/2006 21:04

This statement in the interims

"As I mentioned earlier, new business production from our work site team has not
reached the record levels experienced in 2005. Renewals continue as expected
and other divisions, particularly our employer paid employee benefit business,
have done well, keeping current trading in line with directors' expectations."

then....

[topvest] 25/9/2006 21:02

Somewhat confused about todays announcements - a trading statement put out on the same day as the interims - all very odd!

[flc] 25/9/2006 14:13

Their core market has changed considerably and I should know as my company regularly competes against PGH. Gone are the days when you can just walk in to an employee group and sell protection products to staff. If they can get in to the SME market they will continue to do well. Their current book still holds considerable future underlying profits as well.

As a competitor of ours I don't particularly like them but they are a switched on bunch of cookies and will always find something to fill the gaps.

[makingheaps] 25/9/2006 12:05

Certainly increases the likelyhood of a buyout. If the directors cant see future returns through growth in the core business they have plateaued and will want to sell and move on. Disappointed by the reaction.

[mctmct] 25/9/2006 08:52

These interims should shake out the short-termers, and offer a useful buying opportunity for we buy-and-hold investors ...

mct

[makingheaps] 20/9/2006 14:38

Ticked higher again today. Could be that the market shares your view

[flc] 19/9/2006 16:39

Won't be long before PG get snapped up by one of their larger competitors - AIG or CBS - IMHO. Sector is ripe for consolidation.

[makingheaps] 19/9/2006 10:19

Seems to be edging higher, presumably the market is anticipating some decent half year results later this month. Last year the publication date was announced on 14th September so we should see something shortly.

[clausentum] 19/6/2006 16:10

John Barber the FD has said PGH definitely does not have a dual listing and he forwarded the following reply from IC:

"We have had many phone calls on the feature and the issue of Aim shares
which qualify for tax breaks and we will be writing a piece in this
week's issue pointing out that our tables, which were sourced from
Bloomberg and Perfect Information, included companies which have been
involuntarily and unofficially listed on Berlin.
The writer of the piece understood that the tables did not include any
shares which are merely traded on foreign exchanges but for some reason
shares available through Berlin were not screened out. He was also
assured by a statement from the Inland Revenue that it recognised every
exchange in Germany.

We were aware that errors could have crept into the article and
therefore included a rare warning in the piece that the tables should
not be relied upon and further checks should be made regarding the
status of individual companies.

We are now in the process of revising our Aim article tables and
producing a definitive list of dual-listed companies. We wrote the
article in the first place to satisfy those readers who have asked us
regularly for lists of shares that do qualify for inheritance tax relief
but in the process seem to have tripped up on Berlin.

I apologise again for the confusion but can assure you that we do not
wish to mislead and will be updating readers in this week's issue."

[clausentum] 19/6/2006 10:46

I have just heard from John Barber, the Finance Director, he is going to look into the problem.

[clausentum] 16/6/2006 14:40

I was horrified to read in the Investors Chronicle today that Personal Group Holdings has a dual listing, and so its shareholders are not eligible for the normal IHT and CGT breaks for an AIM listed company. A 75% reduction in the CGT payable is a definite plus for investing in this company. Can anyone explain why it has a dual listing, surely a listing on AIM by itself would be sufficient, so that the UK shareholders can pay less CGT!