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POT Potential Fin

11.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Potential Fin LSE:POT London Ordinary Share GB0009205286 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Potential Finance Share Discussion Threads

Showing 151 to 171 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/9/2002
12:24
It gets worse!

I phoned up to speak to L Rutter.

It took an age for POT to answer. Okay it was 1.15pm, but even so.

When I did get through, I was told that Mr Rutter wasn't in.

No offer to get him to phone me back.

This from the lady who, in my book, is the Director of First Impressions and as such, probably the most important person in the organisation.

POT going to pot!

Now where is the phone number of Dynamic Commercial Finance?

tday
05/9/2002
17:34
anley.

I tried to get a client of mine an invoice discounting facility.

I explained about my client - t/o, profits etc.

POT seemed keen.

Then they turned round and said the company was too small.

Fair enough - but they knew that right from the start.

Why mess us about?

Promised to put reason in writing.

Still waiting for the letter six weeks later.

tday
30/8/2002
07:44
What did you try to do with them?

I have had dealings with one of their sales people.

anley
27/8/2002
10:04
Have recently had first hand dealings with POT.

Not impressed.

They talk a good story, but don't walk it - IMHO.

tday
16/7/2002
09:52
Red Army, looks like your short ploy was correct. The panic herd rule! I took the stance that the general market is in free-fall and "cash is king" so have been drip-feeding out of stocks ( including POT I am afraid.) Today I off-loaded a few thouand more shares in POT - nothing spectactular in the grand scheme of things and POW the price fell 3p or 4%. Unreal!

So now it is just a question of when the FTSE falls below 3,000 I guess, then its buy, buy, buy.

innovation99
12/7/2002
17:57
Until this market sentiment changes or POT comes out with an upbeat trading statement I am short.
Every sale will tick this price down FOR THE TIME BEING.

red army
12/7/2002
15:36
innovation

This is only ONE - not my favoured one especially with this spread but nevertheless only ONE.
Most of these companies are moving towards a sensible PE ratio now and we still have a long way to go yet despite the odd rally or two.
I have a belief in this company but market sentiment has turned and therefore I will look to buy back in when the price reflects this which is more towards the 30p mark.If market sentiment was different then I would say £1.50.At the end of the day these prices are trying to survive in a BEAR market.

red army
12/7/2002
15:22
Red Army, no problem with shorting, but why POT? not exactly what one would call shorters "tip" of the week. Its had its realignment to fair value for announcing that profits were slightly behind its expectations, and its growth was slower than planned because of its revised short-term strategy amid the current economic climate. But they have moved into the black for H1 and still managed a 65% increase in turnover. Of course it will drop 3p here and rise 3p there in this climate, but where is the return on investment to short this stock. I could name a fair few stocks that have shorting appeal but this one? Still your money Red Army, best of luck to you.
innovation99
12/7/2002
14:07
innovation

I can assure you that you will not lose money by shorting at the moment.

red army
04/7/2002
14:18
Stephanie1 - acquired by the year end? not sure about that. There is logic in your statement however.

The darling of the city for invoice factoring is most definately Dynamic Commercial Finance (old school tie links?)although they are least 2 years behind Potential Finance at this moment. Peter Webb of Eaglet Investment brought into Dynamic Commercial at the start up, but not Potential Finance but he did follow the POT business closely and decided the time and price was right to buy when the opportunity to buy a line of stock arose. He picked up a near 900,000 share stake, or 8.6%, in the company in March of this year at 90p a pop. Peter Webb only managed to get his stake because a director sold out due to retirement on the grounds of ill-health.

Holding both stocks he may be able to influence one or the other that consolidation is in their best interests. So there is alway a possiblity this may occur but it can be only be based on pure speculation.

What about poor old "Red Army" was long on this stock then went short yesterday. One way of losing money I guess.

innovation99
04/7/2002
09:27
It is my belief that POT will be acquired by DCF before the year end.
stephanie1
03/7/2002
15:52
Stephanie1 - valid point. POT by there own admission have stated the market for new clients is extremely competitive, and their client base is static. However they have - and this is were I agree with them - decided it is inappropriate to adjust either pricing policy or their acceptable risk levels in order to speed the take on of new business. They will maintain their stringent approval parameters during this economic climate.

Fast pace growth by competitive rate (ie reduce the margins) is a dangerous game. One needs to take into account that Euro Sales Finance was the victim of its own success: it over-stretched its capacity in a desire to meet aggressive European expansion plans. Bye Bye - Euro Sales Finance, £15 a share to zero in the space of 12 months.

Increased Volume at the expense of lower margins do not go hand in hand and often leads to profit loss, cash flow problems etc.

However, the city in this market do not look further than the next set of results and so POT will have its share price marked down accordingly.

I think the share price decrease has been a little overdone. I make that reference as there has been no major sell out. With only 10 million shares on the market and most of them closely held, a bounce is more than likely back to the 70/75p mark.

All that said - yours is a good viewpoint Stephaine.

As for Red Army being short, which boat did he arrive off. A volitile stock with little or no volume is not exactly a stock one would want to go short!

innovation99
03/7/2002
14:46
Was long - now short since yesterday.
red army
03/7/2002
14:39
I don't believe it's a matter of being prudent, more an extremely competitive market. Potential are competing with mature factors & discounters such as Bibby & Alex Lawrie. Potential obtain the vast majority of their business via introductions from brokers to whom they pay commission. Mature competitors are increasing the levels of commission to brokers and being more competitive on rates. Potential are unable to compete, much as they would like to. This share will continue to lose ground, IMO.
stephanie1
03/7/2002
14:17
JonC. I totally agree with your historic sentiment. You can add to that with the recent legal ruling following a recent court judgment which questioned the efficacy of certain fixed charges over book debt. Banks in the future may be more cautious in respect of business funding through overdrafts secured by way of fixed charges over book debts. If this be the case then it is likely that this will encourage further growth in factoring.

At least POT on not reliant on bank funding having been funded £25 million from GE Capital who themselves have assets of more than 370 billion dollars. I would also think that a lender of the quality of GE Capital gave a few wise words to POT to be prudent in their growth.

The way the market have gone in the last couple of weeks I think POT are spot on with the prudent strategy. With all the carnage going on out there in the market I still hold that POT have a steady platform to become a big winner on the upturn.

Of course, in hindsight it would have been great to have sold out two weeks ago and brought back in now. Is'ent hindsight a wonderful thing. However I am not unduly worried at the moment even if you do need nerves of steel in this market place.

innovation99
02/7/2002
08:59
I suspect that their growth is being held back by the banks who in my experience are at the moment falling over each over to lend on almost any proposition. The banks have learned nothing from the early nineties and POT will come into its own when the banks tighten their lending criteria. Thats my theory anyway.

Doesn't help the share price though.

JC

jonc
02/7/2002
08:40
OUCH!! Afraid making profit and going into the black counts for nothing in this market. They have (wisely) slowed down the pace of growth in this turblent market for future stability and are now being punished. Afraid 65% increase in turnover has not brought the punters out (no volume in either buy or sell) so being a volitile stock the price has fluctuated the wrong way.

So much for my predications but I was not privy to there short term stratgic review. Even though I totally agree with it from a business perspective, markets do not hold the same outlook. They are quite happy to see a company triple profits in the short term then go bust in the long term.

On a personal note this stock is now hovering around my normal stop loss having brought in at 80p but I am struggling to come to terms with selling them. Primaraly because there is nothing out there in the market to buy anyway.

So what is my decision. For my maddness I am holding ! Well they are now in the black, still increasing turnover, prudent in selection of their client base and after only 2 years on the market are making profit. In addition if interests rates go up the bottom line will increase automatically. And as they have a solid client base this would benefit them enormously.

So its not a question of giving them the benefit of the doubt, more a belief that there are still on course to be a big gainer when the real market bounce arrives.

innovation99
30/6/2002
22:59
Well there,s a turnup for the books. First of all I called this one wrong! Yes they are in the black which is a real bonus but by their own admission the profits are behind its expectations, and growth is slower than planned because of a revised short-term strategy amid the current economic climate.

Its a hard call to read into what the statement really means. The competition is tough out there and they are not having it all their own way that is for sure. However, I am please that they are still continuing to be prudent in acquiring a small number of clients who are likely to continue to trade in the longer term, rather than be tempted to go for greater volume of more volatile businesses, which could lose them and arm and a leg. Better safe than sorry in this market place.

I have made the decision to hold this stock long term because of my admiration for the prudent management of the company, Though I am dissapointed that the profits did not come in higher that the expections ( I personally thought they would) I admire their reluctance to go for growth at any cost.

Given what I have read in the statement I am unable now to recommend this stock as a "must have" even though I continue to hold. I have always championed this stock but now I see it as one of little downside with plenty of future potential.

I am afraid in this market you cannot state that "we believe we have continued to make significant progress and are in a strong position to maintain that progress in the months to come." You have to deliver exceptional results or you are pushed to one side until you do. Pity really, but that is the reality in this market place.

Of course, I hope I am totally wrong in what I state and that a shrewd investor comes along and scoops up all the overhang. One still has to remember that POT still increased turnover by 65% which in days gone by would have seen their share price double. How times have changed when a 65% increase is viewed as a poor performance.

innovation99
27/6/2002
23:53
Results are out and they haven't inspired me to buy the shares. Back into profit but slightly below their expectations and they are changing their strategy which is going to slow growth in the short term.
gzr
27/6/2002
12:57
Yes I would have preferred to see stronger profits growth.

I am pleased that the Directors are not pursuing growth at any cost especially in the current economic enviroment.

Overall not particularly inspired for the short term.

Regards

Jon C

jonc
27/6/2002
08:51
Spoken to the FD again.

Will be out later today.

JC

jonc
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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