Pgi Group Share Discussion Threads

[donaferentes] 30/6/2008 23:50

And what do we imagine will be the future business model for PGI - more rose-growing and macadamia nuts in a post-Mugabe Zimbabwe?

[john148] 30/6/2008 21:06

Can anyone give me an idiots guide/translation to todays announcement by PGI.Seems that one of the Directors has resigned, taking with him our Russian assets, save for a 20% stake in the venture and a promise to return half the money he gets from the proceeds of the sale of his PGI shares to the company.Have I got it right? Is this good or bad news for shareholders and do we have a Director interested in doing the same with our Zimbabwe assets?

[eriktherock] 20/5/2008 14:20

Some stock changing hands this morning. Soon there will only be a few PI's left.

[john148] 19/5/2008 20:21

eriktherock.Don't bet on it.They'll probably have him stuffed and parade him round in one of those open tops every so often.

[eriktherock] 18/5/2008 22:54

Well I hope you're right John. Only good news due from St Petersberg later this year. Mugabe can't last forever lol.

[john148] 17/4/2008 21:41

I'm excited about PGI's future in Africa.Couple of years time we'll be glad we held onto these shares.

[donaferentes] 17/4/2008 10:39

1) that's Russia - working with some currently
2) that's the cred squeeze - not so easy these days to cast ones net in the financial pool and come up full of bull fish

still I don't need to take a profit just yet, but I do sometimes ponder why I'm letting my hard-earned lie fallow as t'were.

[eriktherock] 17/4/2008 09:26

Staged Planning consent for Sestra River due in autumn but originally targeted for Jan '08.
Jensen were to establish another Property based private equity Fund in the last financial year.

[donaferentes] 17/4/2008 08:31

With Zim representing only 6% of turnover, the growth in roses and macadamia nuts (as trees mature) would more than compensate for this probably over the course of one year. There would be a final impairment to zero value of Zim assets (can't be a great deal as it stands) that would affect P/L but not cashflow.

As Eric says, eyes on St P. Eric, what do you mean by "and no Planning consent or new Funds" - good or bad?

That said, I've read quite a bit recently about Africa being the growth continent to be in - especially perhaps with soft commodities in long term price growth. What staples do you reckon could be grown in Zambia and Malawi? Or what bio fuels - although I am very cautious about the pressure from G7 on the developing world to destroy forests and reduce food production to grow mineral oil substitutes - unbelievable no one anywhere saw the consequence of rushing into palm oil etc at the expense of rice.

[eriktherock] 16/4/2008 21:03

More a case of eyes on St Petersburg and no Planning consent or new Funds.

[john148] 16/4/2008 20:59

Uncertainty in Zimbabwe still holding shares back and with the added worry that Mugabe may make a land grab.If and when that problem is sorted and outside investment pours into country,we may see a good rise in the s/p.Till then, its all eyes on Zambia and Malawi.

[elmfield] 15/4/2008 20:23

results out.

[john148] 31/3/2008 21:02

If the elections in Zimbabwe throw out Mugabe, the I see the share price rising on the news.50/50 at present and even if opposition win, will he go?
Anyway, I reckon they are worth a punt with results due shortly.

[eriktherock] 27/3/2008 15:16

MUMBAI (Thomson Financial) - Fitch Ratings affirmed The Republic of Malawi's
ratings, saying the country is entering its third consecutive year of strong
growth and continues to reduce domestic debt and reform public finances.
The agency noted that the economy grew strongly in 2006 and 2007, as maize
production benefited from benign weather and the government's large-scale
fertiliser subsidy.
"The economy is expected to grow by 7 pct in 2008. Confidence is improving
outside the agricultural sector and growth is set to outperform its recent
average," it added.
The African nation's long-term foreign and local currency issuer default
ratings (IDR) were affirmed at 'B-' with a stable outlook. Fitch also affirmed
Malawi's country ceiling at 'B-' and the short-term foreign currency IDR at 'B'.

[eriktherock] 20/3/2008 09:47

Tuesday March 25, 09:55 AM
Inchcape buys out partner in St. Petersburg.
LONDON (ShareCast) - Car dealer Inchcape (LSE: INCH.L - news) has continued its expansion into Russia by snapping up the remaining 24.9% of its St. Petersburg-based business from its joint venture partner.
Inchcape is paying Olimp Group £27.7m in cash to take full ownership of the retail businesses of OOO Orgtekhstroy, an Audi (Xetra: 675700 - news) retail business in St Petersburg, and OOO Concord, a Peugeot (Paris: FR0000121501 - news) retail business.
"This acquisition is directly in line with our strategy of building scale in Russia," said Andre Lacroix, chief executive officer of Inchcape.
"The foreign car market grew by 64% in 2007 and we now have 100% ownership of one of the largest automotive retail businesses in St Petersburg," Lacroix (Paris: FR0000066607 - news) added.
The purchases augment Inchcape's St. Petersburg interests, which include the development of two new sites for Toyota and Lexus dealerships.

[elmfield] 19/3/2008 13:42

Eric let me know when you have finished offloading so that I can get in at the bottom again.

[topvest] 12/3/2008 21:25

£62m versus £17m net assets and low dividend yield looks pricey enough!

[eriktherock] 11/3/2008 20:12

lol you two. When's this going to take off. Patience I know.

[topvest] 11/3/2008 19:53

No, definitely got them on!

[hvs] 11/3/2008 18:59

Maybe your underpants

[topvest] 11/3/2008 18:43

Used to hold this year's back. What's the attraction at this price? Sound asset business, but the assets are only in the books at c£30m and the dividend is very low. Am i missing something?

[eriktherock] 11/3/2008 17:51

Chunky 60k trade @ 50p today. Having ones dosh tied-up here is proving expensive in missed opportunities. I think I'll be unloading a few k over the coming days.

[eriktherock] 29/2/2008 09:16

Update from our CEO of a month or so back > The project continues to go well. We don't expect to start construction until the fall although we are doing demolition and reinforcing the old buildings now. The market remains strong despite the political situation. I am pleased with our progress. The planning consent will come in pieces and on specific buildings not on the whole project starting this summer.