Potential Finance Share Discussion Threads

[jonc] 30/11/2005 16:24

Hopefully.

[bots24] 30/11/2005 16:23

Is something about to happen ?????
1.2m+ "X" trade at full offer price just gone thru

[jonc] 18/11/2005 12:13

All very quiet here!!

[jonc] 16/11/2005 17:19

Anyone else got an interest in this?

[jonc] 17/6/2005 16:00

and some more.

[jonc] 17/6/2005 10:59

Seems to be up on the back of PCF.

[jonc] 17/2/2005 10:45

Back into profit.

[irvbox] 20/10/2004 00:20

Thanks Guru

[guru11] 19/10/2004 19:59

irvbox - looked it up on the fast movers today.
cap. at £4.5m, but the question is what is really meant by the above -
"it has traded profitably since the early part of the financial year"
so what net profit can be expected and what could be the eps and pe ratio?
"growth was continuing rapidly"
again this sounds good, but the prospective eps and pe ratio?

Had a look at the interim accounts - made profit of £104k before tax, so
on fundamentals they do look a bit weak, but I am sure higher profits will come through, but in saying this it is very much factored in the current price.

Share price was 160p in 2000, then 120p in 2002, then drifted ever since,
been a bit bumpy since then but recently has been better.

If it is getting it right then today's rise may continue tomorrow.

[irvbox] 19/10/2004 17:27

Just come across POT it appears to be breaking out but has low volume anyone else watching with an opinion.

LONDON (AFX) - Potential Finance Group PLC said that its performance has
exceeded its own expectations and it has traded profitably since the early part
of the financial year.
In a statement, the company said growth was continuing rapidly and it has
agreed an increase in the funding facility with Hitachi Capital Business
Finance.
In order to further maintain its momentum, Potential said its chairman Frank
Lafford has made available a 12-month loan facility of up to 1 mln stg.
tc

[stephanie1] 19/5/2004 19:09

I understand Rutter has been kicked out. Not before time.

[fastbuck] 13/4/2004 17:59

Mr Gyllenhammar moves his shares between investment vehicles. Shares have moved up in past week so suspect there will be movement soon

[king punter] 31/3/2004 08:22

Take a look at this one Results today.

Ultimate Finance Group plc ("the Company" or "Ultimate Finance")

Interim results for the six months ended 31 December 2003

Key points:

* Interimresults show marked improvement over last year's interim
performance:

* Client turnover increased by #12.9m to #17.5m (2002: #4.6m)
* Turnover increased by 336% to #554,000 (2002: #127,000)

* Loss before and after tax reduced by 62% to #166,000 (2002: #440,000)

* Client base is growing rapidly - 81 at 31 December 2003 with advances of
#3.4 million

[fastbuck] 11/3/2004 14:01

Interesting set of results - strip out all the bad one-off costs and hits such as the bad debt and restucturing costs and the company appears to have made £398k, after £108k pre-tax profit in the first six months.

What does this tell us about the company, it seems to be on the right track after:

i) Cutting costs now operating on a lower cost base
ii) Expansion into asset finance growing ahead of forecast & paying off with the new division headed by a ex-Singer & Friedland Director
iii) Renting out surplus space in the building at £42k pa
iv) Asset backing of £4.5m compared to a share valuation of £3.4m

As stated in the report " ... the changes made to operations will help to
ensure profitability and stability going forward ... Potential Asset Finance Limited is viewed as an enormously positive addition to the Group ... and is performing ahead of the Board's initial expectations"

Overall to conclude the losses are behind us and better focused growth, getter encomic environment and profits are ahead of us which should see the company being valued on a P/E basis rather than discounted asset base

Add in takeover prospects after RNS 16/2/03

"following purchases of 500,000 ordinary shares on 12 February 2004 and 362,500
ordinary shares on 13 February 2004, Erudite UK Limited now has a total holding
of 862,500 Ordinary Shares representing 8.23% of the Company's current issued
share capital"

The director behind Erudite has a record of acquiring small companies

My price target is 65p based on Profit Before Tax of £700k for the current year equating to 6.7p EPS and the prospect of a knockout take-over bid.

[Abuse team] 20/2/2004 13:54

Post removed by ADVFN

[overeager] 17/2/2004 14:05

Very interesting, anyone know what's afoot?

[fastbuck] 17/2/2004 13:28

Big announcements coming through as shares change hands between institutions - corporate action is afoot just look at those behind yesterdays RNS

[fastbuck] 13/2/2004 14:24

News coming ....

The company was planning on releasing their results very shortly, last time I spoke to them I believe they said around this time.

Trades of:

500,000 went through yesterday with 1,450,000 gone through today at 29p as shares change hands for the current mid-price between institutions I assume.

Over two days 18.5% of the company has changed hands !!!!

[tday] 29/9/2003 16:21

Got out last Thursday - thank goodness!

Also out of DCF.

[tday] 30/8/2003 11:43

Also in Dynamic Commercial Finance (DCF) which has done well over the last few weeks.

[tday] 30/8/2003 11:42

Back in again. Bought 10,000 shares yesterday, in spite of the hugh 'bid/ offer' spread.