Pgi Group Share Discussion Threads

[traderinthemaking] 14/4/2009 21:02

lol Erik :)

I will be in a business trip from tomorrow until next Monday so lucky as I am, the result will be posted while I'm away and I will not be able to follow the action...

[eriktherock] 14/4/2009 20:27

I heard that someone had something to say about the forthcoming results........
but I've forgotten what it was.

[donaferentes] 14/4/2009 08:34

IT'S A GOAL . . . . . . nearly!

[eriktherock] 13/4/2009 16:12

RESULTS THIS WEEK.......probably

[eriktherock] 08/4/2009 19:18

Last 5 trades
Time/Date Price Volume Trade value Type
13:40:53 08-Apr-2009 8.56 200,000 17,125.00 Ordinary Trade - Delayed
12:04:25 08-Apr-2009 8.75 50,000 4,375.00 Ordinary Trade
12:03:17 08-Apr-2009 8.50 150,000 12,750.00 Ordinary Trade - Delayed
12:02:43 08-Apr-2009 8.25 150,000 12,375.00 Negotiated Trade
08:14:11 08-Apr-2009 8.99 25,000 2,247.50 Ordinary Trade

[eriktherock] 08/4/2009 13:49

And another 150K @ 8.25p, & 150k @ 8.5p Bid 8.0p Offer 9.5p lol

[eriktherock] 08/4/2009 09:00

And another 100k @ 8.5p yesterday. The mind boggles!

[traderinthemaking] 07/4/2009 15:32

Add to that another 100k and 250k...
Really curious to see what will be announced/said on the 15th. Some news must be in the pipe!

[eriktherock] 07/4/2009 13:33

Result due on or around 15th April. Another 100k @ 9p today. No interest I know until there is.

[eriktherock] 06/4/2009 14:35

Yeah, and another 100k @ 9p today and yet we're Bid 8p offer 9.5p

[traderinthemaking] 03/4/2009 16:18

Erik,

another 100k transaction...
15:09:38 03-Apr-2009 8.25 100,000 8,250.00 Negotiated Trade

Interesting :)
TITM

[eriktherock] 03/4/2009 08:53

PGI should be an indirect beneficiary of some of the IMF dosh ear-marked for Zambia. (especially if they diversify into copper exploration/extraction)

[eriktherock] 02/4/2009 08:59

Bid 8p Offer 9.5p 15% spread. What are they playing at? Market makers err make a market no ?

[eriktherock] 01/4/2009 13:20

97.5k @ 9p so far today.
EDIT: 100k sell @ 8.25p would you believe it !

[eriktherock] 01/4/2009 08:43

Hi hvs, nice to see you around. Remember Food Group T/O from Zim < 5%

[hvs] 01/4/2009 08:32

Think it looks very good here now with Mugabe keeping quiet recently.

Looks like we could see a boost to the economy in Zimbabwe and with PGI
assets being revalued.

[eriktherock] 01/4/2009 08:27

Yeah, Got 17k yesterday @ 9p. Last year's results were out 15th April.

[traderinthemaking] 31/3/2009 12:49

Erik,

I also think that something is going on, which is why I have recently averaged down to 10.27GBX. Let's wait and see the next few days/weeks :)

TITM

[donaferentes] 31/3/2009 12:41

Well I guess 8.25p sets a floor for the next 12 months??

[eriktherock] 31/3/2009 11:20

It does seem to me that the Company or another major shareholder has bought-up all the stock available with the market makers, the vast majority by Negotiated trades @ 8.25p. If any shareholders wish to add to their holding at 9p or so I think you'll find that it'll be a struggle to get the order filled. I wanted to add 20k yesterday @ 8.5p but only got 10k and now only 10k on the offer @ 9p. I'm sure you see what I'm driving at :-)

[eriktherock] 30/3/2009 10:49

Roses all the way :-)

[eriktherock] 29/3/2009 08:50

Good post Bert. Sure the western demand for roses has 'wayned' lol and Zambia is not ear-marked for roses by the Globalists. Not so difficult for a cash rich (Roditi) debt free Business to diversify though. Results due in April, so all will become clear :-)

[bert589] 28/3/2009 13:11

Erik, I also thought less competition being good. Although there are multiple arguments.

Problem I see is that there is no demand.
Plus the main problem is that these roses need to be transported within 48 hours of being cut to Europe (or wherever) they are sold. Zambia is a land locked country. The cost of transport is high due to the high cost of fuel in Zambia.

The Khal Amazi expanded it's business with a Zambian subsidiary bought out of receivership from Agriflora. They bought it in Jan 2005 for US$2.5 million.

In Total Khal Amazi has 44 ha of production area for this business.

Below what was stated in 2004 annual report
"In December 2004 we announced the acquisition in Zambia of assets from the joint receivers of Agriflora Ltd, a company that had a well established business growing vegetables and roses for the European market. The total consideration amounted to US$2.5 million and the acquisition was completed in January 2005. A new Zambian subsidiary,Chalimbana Fresh Produce Ltd, was formed to acquire and develop the assets of the vegetable business, and the rose assets were transferred to Khal Amazi Ltd."

Possibly PGI could buy more distressed businesses in Zambia?
Don't know if they have any cash, plus not clear what their strategy is?

Are they focussing on Africa or are they looking at expanding real estate business in Russia?

The Jensen management, which needed to be more "incentivised" and broke with PGI after resignation of Steven Wayne, must surely in the current crisis have difficulties finding new funds to start future projects in St Petersburg?

Might they need PGI (read: Nick Roditi) to help them raise new funds? Or is the fallout between PGI and Jensen so bad that there is no scope for any future cooperation?

All these questions make it hard to make an assessment of PGI IMHO.

[eriktherock] 27/3/2009 18:56

Less/no competition not bad for the Business.