Pilat Media Global Share Discussion Threads

[azalea] 26/5/2011 12:01

In on the lull for 5k.

[azalea] 04/5/2011 17:19

Hmmn, up 4.8% despite only very modest net buying and a negative market. Puzzled by the MM reluctance to trade; do they know something we do not?

[azalea] 04/5/2011 12:13

Anyone else experiencing a nonsense of being unable to trade more than 10 shares on line?

[obiterdicta] 05/4/2011 17:26

Hopefully looking at turnover of between 5.5 million and 6 million for the first quarter results announced in May, we want profit for the quarter to be between 600k and 1000k and then the share price will head north. I'm pencilling in 75p by December 2011.

[yump] 05/4/2011 14:57

I reckon 60p+ is a fair price and that's not exactly over-egging the p/e.

[extrap] 31/3/2011 11:08

I agree. Looks as if growthcompany overcautious because it tipped at 83.5.

[yump] 31/3/2011 10:50

Bit of a silly conclusion imo, to that growthcompany comment: "fully valued at 12.5 times 2011 earnings", considering some other ratings that are kicking around.

Plus:

(a) It has sat on 50p all the way up to results, so that put it on what you could call an undisputed p/e of around 18. Undisputed, because its had long enough for investors to decide that the rating is too high and run it down to a lower rating.

(b) Earnings are forecast to grow at 48%.

In any sensible assessment, investors would be urged into a stock growing at 48% and rated at 12.5 x earnings for what is now the current year.

In fact, there's plenty of folks desperately searching for stocks that with ratings too low for their growth rates.

I suppose its only a journalist article though.

[extrap] 31/3/2011 10:00

2.70p (0.65p)

[azalea] 31/3/2011 09:08

What was the Eps for the FY?

[ibrahim1962] 30/3/2011 17:13

Story on Pilat today chaps

[alter ego] 30/3/2011 16:05

Encouraging signs from today's results, less reliance on big customers, more revenue from recurring sources and opportunities for growth.

www.investegate.co.uk/Article.aspx?id=201103300700078562D

Highlights:
●
Annual revenues increased by 13.5% to £21.9 million (2009: £19.3 million)
●
Another strong Q4:

· Revenues at £6.2 million (Q4 2009: £6.2 million)

· Profit before tax increased by 16% to £1.7 million (Q4 2009: £1.5 million)
· Strong positive cash flow
●
Significantly increased annual profit

· Profit from operations (before amortisation of intangible assets) rose to £3.2 million (2009: £1.2 million) and represents 14.7% of revenues (2009: 6.4%)

· Profit for the year: £1.6 million (2009: £0.4 million)
●
Two major new contracts signed during the year

Commenting on the results, Michael Rosenberg, Chairman of Pilat Media Global plc, said: "The strong performance the Group achieved at the end of 2009 has continued throughout 2010 to produce our highest ever annual revenue. This coupled with cost control has resulted in a significant growth in profits and cash from operating activities. Having upgraded our product using state of the art .Net based technology over the last three years the Company continued to strengthen its offering leveraging the new technology by expanding functional depth and breadth of the product through the addition of new modules and applications. These are already generating additional revenues. The revenue backlog and sales pipeline remain healthy. The Company is involved in a number of sales opportunities that we are hopeful will be concluded successfully in the Company's favour in the next few months."

[yump] 11/2/2011 10:09

Thanks for the links and info. - very useful - I have neglected keeping up with events here since the share price dropped (sulked instead as it was looking good a few years ago).

Hope they don't get taken out before there's a profit surge, although looks unlikely given last attempt was when things were a bit iffy and now they're improving the premium would be substantial to current share price

[alter ego] 11/2/2011 09:09

yump, IC say that Sintec Media bought 1m PGB in December and a further 100k this week bringing total stake to 20.9% having failed to acquire PGB in May 2009. On top of this stakebuilding, PGB have net funds of 7p a share and net assets of over 30p and are cash generative. Profits forecasts put them on prospective p/e of 11 with trading recovering well they describe the investment case as "compelling"

Full article available in magazine out today.

[extrap] 11/2/2011 08:51

Here´s a link to the October 25 IC article:

[yump] 11/2/2011 08:40

alter ego

I don't get IC any more except for reading it occasionally at a relatives.
Any chance of posting a summary ?

I've had shares here for a few years and its always difficult to get a grip on how earnings are moving - be interesting to see IC's handle on it.

I get the strategy and it always seemed sound, certainly in the area of becoming an essential and not easily displaced part of media management for broadcasters. Therefore should be secure long term. In that sense nothing has changed, but predicting figures is a bit elusive.

[alter ego] 11/2/2011 08:29

PGB have been listed as one of the IC's bargain shares for 2011.

[scorpione] 11/2/2011 08:28

Very unusual for such activity in Pilat so early in the day! Something brewing perhaps?

[alter ego] 09/2/2011 11:44

Been watching for a while, since Simon T mentioned, and bought small stake today.

[scorpione] 08/2/2011 12:39

I have seen MMs get up to all sort of dirty tricks. There have been times when a trade has gone through but only shows up for a few minutes and then it mysteriously disappears! Even my stockbroker had never experienced that one before and was most puzzled.

[yump] 08/2/2011 10:35

Yes I don't normally buy the MM tree-shaking stuff because its often the excuse for a plummeting share price, usually on an overblown stock. However in this case the timing of the drop and the Sintec buy is a remarkable coincidence, although the drop happened so quickly, I'd be surprised if many pi's had time to spot it and sell ?

[azalea] 08/2/2011 10:34

After the share price shot up to over 50p following IC Simon Thompson's buy recc @ 42p late October 2010, in which he gave a medium target price of 60p, I did not expect to see it drift back to the current level. Given that since that time 'Sintec' has bought over a million shares (998,653 @ 44.39p) and judging by the brokers forecasts,the growth story is still intact, I have today bought 5k.

[scorpione] 08/2/2011 09:18

Looks like my assessment was correct; Sintec has been picking up more shares (20% holding now) and did not want to pay the going price. MMs therefore decided to 'tree shake' to flush out some panic sellers to fill the order!

[yump] 04/2/2011 07:59

Well its about 10% which in terms of PGB's share price movements, isn't abnormal and you could say that about loads of smallish stocks.

Or it could have fallen just to taunt me, because I just posted that the share price was very stable ;-)

Looks like its testing the last support level.

[obiterdicta] 03/2/2011 17:01

On the Israeli stock exchange PGB is today trading at 2.92 NIS - which equates to 50p. So probably a UK tree shake.

[scorpione] 03/2/2011 15:48

Does anyone have any views on this sudden heavy drop in share price? Fundamentally there seems to be nothing untoward. The only reasons I can think of is that there is a large seller around or MMs are playing games (taking advantage of general uncertainties)in order to fill someone's order in the mid 40s range.