Personal Share Discussion Threads

[topvest] 22/3/2010 21:28

Still a solid business this one though. Good results.

[flc] 22/3/2010 17:07

Sector has become very competitive so new client group acquisition is getting tougher. Also, HR/Reward as a function is getting smarter so opportunities for their type of worksite activity are getting fewer. Need to align their strategy closer to what is going on in the market IMHO.

[makingheaps] 22/3/2010 13:45

I suppose the write down of value of the IFA side signals lower profits for the forseeable future since the goodwill impairment test would have been done by looking at the discounted value of future cash flows. On the traditional employee benefit side, on the one hand they are having to work hard just to stand still year on year in terms of new accounts and the outlook for numbers employed by those accounts is negative in the next twelve months, while on the other they have a very conservative balance sheet which should see cash released over time and a visable income stream. Overall not very exciting. Nice yield. Sold mine in Jan 08 for £3. Should have bought back at £2 or £2.50 but lacked faith in the market generally rather than PGH specifically. Don't see much reason to buy now.

[mctmct] 22/3/2010 13:06

Results out today. They look reasonable, though the market seems disappointed. Views?

[mctmct] 17/12/2009 13:13

Another good rise today, in a falling market.

We could use a new thread title, though. Those days are long past!

[investinggarden] 12/10/2009 10:10

Hold recommendation from Growth Company Investor

[topvest] 28/9/2009 20:04

A bit of a negative reaction to the results today. Maybe spooked by the higher level of claims paid out?

[flc] 28/9/2009 12:34

Cash generative business with strong BS. I'm in this sector so know them well. What I would say is that the market is getting more challenging and their competitors are getting smarter. That said they should still continue to perform and have a strong management team.

[brownie69] 28/9/2009 09:45

Decent results and dividends payments, quarterly as well!
who are the ouse brokers? Any research around on this company?

[makingheaps] 18/6/2009 17:55

Looks like a big buy this afternoon propelling this up. More to come?

[makingheaps] 30/3/2009 17:27

Seems to have held together better than the directors had anticipated hence the statement about the dividend being held and the share buying this afternoon. I am surprised the market didn't mark them up more

[flc] 30/3/2009 09:12

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 10:38

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 15:59

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 10:08

panmure downgrading

[makingheaps] 02/5/2007 16:12

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

[makingheaps] 13/4/2007 16:22

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

[makingheaps] 26/3/2007 18:26

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 20:44

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 10:16

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 22:06

"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!