Pgi Group Share Discussion Threads

[elmfield] 30/4/2007 23:56

"For management of the Fund, Jensen Group receives a management fee on committed
capital of 2% and will receive a 20% carried interest on all distributions made
after the investors receive their investment capital back plus an 8% preferred
return."

[elmfield] 30/4/2007 23:54

Jensen Group

Jensen Group raised $100,835,000 of equity into the newly formed Cayman
Islands-based Jensen Group I Limited Partnership (the "Fund"). To date, the Fund
has invested in three projects. Two completed transactions include Sestra River
Developments, a 13.9 hectare mixed use project, as well as a deal to acquire 54
hectares of land along Saint Petersburg's ring road development project in a
town called Lomonosov. The Fund has entered into sales-purchase agreements for a
third investment, the Plemennoi Zavod Sosnovskoe which should be fully completed
and registered in the Fund's name during the first half of 2007.


Sestra River Developments is a property spun out of Sestroretsk Instrument
Works, founded by Peter the Great in 1721. On the 13.9 hectare site, the Fund
will build approximately 135,000 square metres of mixed-use space. The property
sits in the town of Sestroretsk, inside the Saint Petersburg administrative
region and among the most prestigious suburbs in the area. Sestroretsk is
currently the home of the Governor of Saint Petersburg, Valentina Matvienko.


For management of the Fund, Jensen Group receives a management fee on committed
capital of 2% and will receive a 20% carried interest on all distributions made
after the investors receive their investment capital back plus an 8% preferred
return.


Jensen also manages Sestroretsk Instrument Works, a 13.1 hectare territory with
three principal businesses: a real estate business, a heating plant, and a
machine tool works factory. Jensen is currently in the process of expanding and
renovating the primarily industrial and warehouse real estate while it
rationalizes the other two operational businesses.


Since 1994, Jensen has invested eight smaller funds which it continues to manage
and from which it receives management fees and carried interest as compensation.
These funds comprise residential, commercial and retail properties in the heart
of Saint Petersburg along the City's main thoroughfares and canals.

[hvs] 30/4/2007 20:57

Looks like no divi.

Hard numbers are going in the right direction.

Just have to be a bit more patient I, afraid.

I am in for the LONG HAUL.

[eriktherock] 30/4/2007 19:48

Chairman's highlights don't seem to accord with hard numbers. What about the divi?
I look forward to analysts assessments tomorrow.

[hvs] 30/4/2007 18:56

Not bad and hang in there.

2008 will be CRACKING

[eriktherock] 30/4/2007 18:44

Eleven minutes late not bad!

[eriktherock] 30/4/2007 16:59

What of Sheffield Wednesday or some Construction Co.?......only joking mate, thanks & roll-on 6.30pm. Why am I not brimming with confidence. lol

[hvs] 30/4/2007 16:55

I spoke to the company secretary

[eriktherock] 30/4/2007 16:54

Did you speak to the CEO or the girl on the phone? lol. (Sheffield Wednesday?)

[hvs] 30/4/2007 16:52

lol !!!

I spoke to them this morning and they said we will definitely see them today
by 6:30 pm

[eriktherock] 30/4/2007 16:19

Come on, where are they? This is not a construction Company (specialize in being late) lol. "We will have them out by the end of the month at the latest."

[eriktherock] 30/4/2007 15:40

what I see dona is that the seller is still around. As I've mentioned here a few times over the past 6 months or so, as soon as the share price pushes ahead over 50p there always appears to be a sell to near match the buy volume. Classic case this morning..40k buy @ 51p, 25k buy @ 50.9p, 50k buy @ 51p then it's as though the seller is called to sell the required volume to fill the mm's order book. I've asked our CEO about this some weeks ago now and I posted his comments here incognito.

[hvs] 30/4/2007 15:01

I find it strange that they have still released figures today.

[donaferentes] 30/4/2007 14:41

What do you see, Erik?

[eriktherock] 30/4/2007 14:35

Now I see why it's been easy to buy today. 100k @ 50p

[romust] 30/4/2007 13:02

Just saw you post on the Sheffield United thread.

[eriktherock] 30/4/2007 12:53

130k buys against 12k sell so far today showing. What will be a disappointment, albeit temporarily, is if the Co. don't post results today.

[hvs] 30/4/2007 12:50

Hi romust,

Not really , I,m a foreigner.

[elmfield] 30/4/2007 12:49

You can carry on now, put it that way.

[romust] 30/4/2007 12:49

hvs,

Are you from Sheffield?

[hvs] 30/4/2007 12:42

elmfield was that your 50K ?

[eriktherock] 30/4/2007 12:14

Well done hvs. Still easy to buy I see. Elmfield, you'll fill @ sub 51p. For the record you two I've been snipping away recently and now hold 650k. Treasure in the field.lol

[elmfield] 30/4/2007 11:57

I have an order in at 51p so hold off you two until I have got a few more, !!

[eriktherock] 30/4/2007 11:43

Hi, and well done again with you know where. I topped up last week with 15k @ 50.45p and am fully loaded now. Bring on the good results and double the divi?