Pgi Group Share Discussion Threads

[topvest] 19/7/2008 14:10

This should be a share that yields a good dividend. It doesn't!

[john148] 19/7/2008 10:14

erik.Not wishing to talk the share price down, but with political problems in Zimbabwe, poor climate affecting the harvest of our produce in PGI's other holdings in Africa, and a question mark over whether Jensen Funds will continue to perform as they have in the past, now that Wayne has resigned, I think best we can expect is for the share price to hold firm at around 20p.My opinion is don't sell but don't buy either.

[eriktherock] 18/7/2008 17:58

dona, I don't do financial analysis...I leave that to the financial analysts. However, as I look at the Business now in comparison to what it was pre Jensen and with a similar valuation then to what it is now, i conclude that this is a value investment however unpopular with the market. But things change. Wait for news from the meeting on the 24th and announcement of new strategic partner.

[donaferentes] 18/7/2008 17:37

erik - any chance you feel like sharing your analysis as to why you are buying currently? it would be appreciated in my search for why I continue to hold!

[eriktherock] 18/7/2008 16:07

My "Bottom" call of a couple of days ago holding-up thankfully. Got to pay 22p now, yesterday only 21.45p that's inflation for ya !

[eriktherock] 18/7/2008 15:16

Bit of volume today, 400k changing hands.

[john148] 17/7/2008 19:57

Think that there are to many issues surrounding this share at present.I'm still a holder but not yet ready to buy more.I look forward to reading the minutes of the AGM.

[eriktherock] 17/7/2008 19:53

Black Swan

[eriktherock] 17/7/2008 10:44

I don't suppose I'll be the only buyer when we see the RNS re holdings released after the Meeting on 24th. added another 10k

[eriktherock] 16/7/2008 21:58

Might be right there John. With little other interest it does beg the question if there is any support. I've asked Steve Wayne if a private placing is in place, but unlike numerous previous communications in regards to the prospects of the Business, this remains unanswered. Says it all really.

[john148] 16/7/2008 19:40

I know I said I'd be back in at around 21p but I think I need to revise to 19p given todays fall.

[eriktherock] 16/7/2008 16:30

Contrary to my post above, I see another small sell to bring us to 21p/22p Bottom in.

[eriktherock] 16/7/2008 08:45

I'd say the small selling which has been knocking the share price has pretty much dried-up. The next bit of news could be that a new strategic partner has taken Mr Wayne's entire holding @ 25p which will immediately provide additional revenue of £1.15m.

[john148] 15/7/2008 20:22

Hate to talk the share price down but like the rest of the market the share price has further to fall.I'll be back in at around 21p although I'm a bit worried about whether the company will maintain its dividend in these troubled times.Maybe I should change my nickname to Dr Doom.

[eriktherock] 14/7/2008 21:41

If, a few months back, you lined-up all the revenue streams of PGI Group and then removed the most important one, you'd expect a market cap close to what it is now i.e. before the important revenue stream was realized. The revenue stream is still in place even though a man who looks just like you & me in his underpants isn't.

[elmfield] 14/7/2008 21:17

HMMMMMMMmmmmm, Had not thought of that, unlikely,,,,,,,, or is it?
A new angle.
need it with 200k down from 50p ish to 23p, oh well could have ben in RBS.
LOL, it is all you can do really!

[eriktherock] 14/7/2008 21:14

AND he is looking for a strategic partner/investor.

[elmfield] 14/7/2008 21:11

and he had a lot to do with J Rothschild, ie made a lot of dosh for Rothschild inv trust, or what ever it was back in the 80's, and some of us lucky early investors, RCP is still a core holdings for any portfolio, IMV

[eriktherock] 14/7/2008 21:03

John, Nick Roditi is the founder of the Company and has a controlling interest.

[john148] 14/7/2008 20:43

Erik/4johnb.Forgive my naivety,I have only held my shares for a few months, but who is this Roditi chap? Do me a favour,give me 2 lines and save me trawling through the internet.

[eriktherock] 14/7/2008 17:14

Encouraging share price performance today and I didn't buy any. lol

[4johnb] 13/7/2008 18:45

Erik, I agree with your basic rationale. I hold over 100,000 shares, but
bought them due to Roditi. He has lost it, in my view. 5 years of illness
and, frankly, having his eye off the ball. I wish I was wrong, but the man
has retired. I am now just hoping for a bounce which will allow me to sell
and move on.

[john148] 13/7/2008 10:18

eriktr.I agree but I am taking a broad view of the market as a whole.I think the share price has gone ex dividend so regardless of how sound this company is, what reason is there to buy into this or any other stock in what is now believed to be a bear market.I take the view the market has further to fall (5250 at least) and with it PGI 's s/p.I shall hold on for a few months and then look to buy in because as you say, the fundementals still look good.
By the way,let me ask you or anyone else something.Is there not a danger that now Wayne has resigned he will focus less on the Jensen/PGI relationship and more on the new projects he is developing seperately.Or have I got it wrong?

[eriktherock] 12/7/2008 18:10

True John, but the PGI share price fall is all about the risk to the new revenue stream from property in St.Petersburg. My point is of course, that the Jensen/PGI relationship and all proceeds from the same is unchanged. Sure the CEO leaving is problematical as is the disposal of his 9.2m shares. If, however a strategic investor (RAB) take-up the stock instead of Nick Roditi then the picture will be much different, which is why I'm a buyer.

[john148] 12/7/2008 17:09

Think we have to look past the man and his underpants and look at the market in general.If you believe as I do that the footsie has further to fall, then no share is immune.