Pgi Group Share Discussion Threads

[eriktherock] 12/7/2008 16:25

A man has left the Business. All is still in place except the man of course. 50% off market cap for a man who looks the same as you and me in his underpants ?

[john148] 12/7/2008 12:36

Afraid so.Current market sentiment makes me think we may be looking at 19p.Then,I'm in.

[topvest] 12/7/2008 10:25

Same here, but still overpriced

[john148] 12/7/2008 09:24

I'm following the share price and hope to pick up a few k on the cheap,but not just yet.

[eriktherock] 11/7/2008 12:01

added another 10k @ 25.45p

[donaferentes] 11/7/2008 00:53

Keep buying! for my sake

[eriktherock] 10/7/2008 20:34

"bottom" eh Donna...hmm as you say, we may not be there yet although I can't see the share price dropping to below 22p. I sold 80k earlier this year @ 40-44p which I'm going to buy back once I sort some liquidity. I started today with 10k @ 25.48p

[donaferentes] 10/7/2008 13:30

Miniscule volume, RSI showing way oversold, yet of all my holdings this is the one where the story has changed as well as the general market - wish I had reacted with my initial reflex to sell all before the share price reacted to the news - there was a 2 hour hiatus between RNS and sharp drop.

Nothing to do but lock away. This is the worst time for PIs to sell even if we are not yet at bottom. Keep looking at the horizon and breathing deeply!

[eriktherock] 10/7/2008 12:06

That's right. Current valuation nearly back to what it was pre-Jensen lol. Are we not in better shape now than then? 80% debt reduction, new revenue stream, profitable, dividends, reduced exposure in Zim etc. Of course it's a BUY at 25p (the Steve Wayne buy-in price) but I don't have the liquidity to take advantage.

[elmfield] 10/7/2008 08:32

like you all stuck here as well, as long as they increase the dividend mean time, ride it out is the order when you have a larger number than 10k.

[eriktherock] 04/7/2008 12:06

Maybe, but maybe RAB Special Situations Fund will take the 9.2million. We'll see.

[4johnb] 04/7/2008 10:30

Erik, if we hold on, its only in the hope (my view) that Roditi will pull a
rabbit out of the bag. Otherwise hard to see this as anything other a very
boring play that's already lost a lot of value. And on top of that some
(like you) just cant sell due to lack of liquidity.

[eriktherock] 04/7/2008 09:05

Thanks for that John, always nice to have some optimism. The Zim operation only accounts for less than 3% of group turnover, but like you, I believe we're well placed to expand there should we see the regime change. I remember when our operations there were near 50% of T/O, it's been wise to diversify but Steve Wayne leaving puts a big question mark over the reliability of a revenue stream from St. Petersburg. We'll see. Things change.

[john148] 03/7/2008 20:48

eriktherock & 4johnb.You can call me mini-me as I only hold only a few thousand shares.When I bought in, I bought for the long term.My eyes were firmly focused on Africa and what the company were doing over there.I still hold the view that if the Board get it right then we are in for some exciting times over the next few years.News from Russia has come as a bit if a disappointment but maybe its no bad thing that we will be taking a less active role out there.Zimbabwe is a pain in the a... at present but again,if stability return to the country then we may begin to see some return on that front.I'm holding on and may even pick up a few thousand more if the share price drops further.In summary,have faith.

[eriktherock] 03/7/2008 17:16

Hi 4johnb.
"I am feeling a bit left out in the dark here, and
don't quite know how to proceed."
Join the club. You can sell very small quantities (5k) and knock the share price back as we've seen. If I could've sold in any volume on Tuesday or yesterday I would have and bought back in probably today. The fundamentals have changed in St Petersburg but not elsewhere, so a market cap of under £40m looks about right to me, hence my comment to add at 29p although that ship may have sailed. We'll see.

[eriktherock] 03/7/2008 12:40

Oh dear, Bid 29p as expected though albeit sooner. If we get 29p on the offer there'll be a taker.

[eriktherock] 02/7/2008 22:41

sp likely to be managed lower over the coming weeks. Expect 29p before year-end. Why don't I sell ? Because I hold near half a million and am in it for the long haul. It's a sell @ 34.5p

[elmfield] 02/7/2008 20:23

no views, just knarked we have not done as well as hoped, well suppose the team PGI are down more than me,

[john148] 02/7/2008 20:05

Sorry to get away from PGI but now I read Barclays have bought a Russian Bank!
Back to PGI.Any views on whether we should close up shop in Zimbabwe before Mugabe makes a land grab?

[topvest] 01/7/2008 21:37

You should always think twice before investing in Russia. The BP debacle is an absolute disgrace. Doing business in Russia means give us some cash for 50% +........the unwritten law... if we are successful then we will have it back for nothing because we can change the rules or take away your visa. Crooked business and country - stay well clear!

[john148] 01/7/2008 20:33

I think PGI are getting a bad deal here.Get the feeling the Russians just don't like us Brit's.First BP now you get Russian staff at Jensen Grp saying they need more incentive which I reckon is code for 'thanks for starting up the business, we'll take over now!'.

[eriktherock] 01/7/2008 15:28

If he can't place all the 9.2m shares through a private placing then 50% of the balance will be an overhang which will suppress the share price until mopped-up. Looks a sell @ 36.p.

[eriktherock] 01/7/2008 14:42

PGI will release Mr. Wayne and his connected companies from their obligations not to compete with the business of the Jensen Group and will not have any entitlement to an interest in the management of any future property funds which may be raised by Mr. Wayne.
THAT SHOULD WORK WELL ...................:-(

[eriktherock] 01/7/2008 14:33

Well whichever you read the announcement it looks like bad news. I remember asking Steve Wayne if he intended to sell any of his 9.2m shares once released to do so by the agreement in April 07. He told me that he would not be a seller then or in the future. Furthermore he knew all the large stock holders and they were not sellers.
I reckon the "private placing" will be with Nick Roditi BUY ONE GET ONE FREE