Premier Direct Share Discussion Threads

[topvest] 16/9/2006 17:48

Missed the announcement earlier on. Doesn't look too bad in my view. Recovery depends on how current year trading is going. Lets hope they can turn it around!

[morwood] 15/9/2006 15:36

Finance Director Announced:

The Board of Premier Direct Group Plc ("PDG") is pleased to announce the appointment of Graeme Allison as Finance Director with immediate effect.

Also....

PDG was also informed today that following his appointment, Graeme Allison bought 135,000 ordinary shares of 1 pence each in PDG ("Ordinary Shares")representing approximately 0.65 per cent.

More confidence by the directors. You don't shell out £50k if you are unsure of the future!

And....

On 15 September 2006, Mr Allison was granted options over 135,000 shares representing approximately 0.65 per cent. of the Company's current issued ordinary share capital at an exercise price of 37.5 pence per share. Exercise of the options is subject to the Company achieving certain performance targets and these options are exercisable between two and ten years from the date of grant. There was no consideration paid for the grant.

[morwood] 14/9/2006 15:15

Not sure if anyone has seen this yet....




Premier Direct Group Plc ("PDG") today makes the following statement in respect
of the year ending 31 July 2006.

Following the trading statement made on 31 July 2006, the Board has now
completed its reviews of the year end stock valuation and the carrying value of
goodwill. A provision of £1.5 million is being made in respect of stock and a
goodwill impairment charge of £1.25 million is to be made, both to be included
in the 2006 results.

The Board believes that the pre tax loss for the year ended 31 July 2006, after
charging all exceptional provisions, restructuring costs and amortisation, will
be around £3 million.

The announcement of audited results for the year ended 31 July 2006 is expected
to be made in the second half of November 2006.


So, £1.5m charge for stock
£1.25m Goodwill impairment

Leaves about £0.25m of restructuring/trading losses for the year.

My thoughts are that write downs and restructuring costs will be very prudent which will flatter the results for the next few years?

[morwood] 04/9/2006 10:51

All quite on here!

[morwood] 24/8/2006 09:40

Thats got to be the key Gyllenhammar, Rankin & Directors all have purchased large amount recently. They all can't be wrong!

[topvest] 23/8/2006 19:35

Yes, agreed. That's why the share price is so low. If they can't service the debt then they go bump. If they turn things round it should be rich pickings. If they don't, the only consolation for us will be a tax loss! Peter Gyllenhammar thinks they will survive, presumably, as do the directors otherwise they wouldn't have stumped up the cash. They may have got it wrong.

[drbeat] 23/8/2006 19:11

debts of £7m dont forget

[topvest] 21/8/2006 21:36

Yes, some positive signals of late and at least they are making significant changes, which were clearly required. This company has a strong market position and should be able to make resonable profits even in a difficult market in my opinion. Let's hope they turn it around!

[morwood] 21/8/2006 10:37

Reorganisation looks as though its gathering pace. Maybe some more news on this in the near future?

[bubsy2] 19/8/2006 11:43

director buys stock weekend usual spread

[bubsy2] 18/8/2006 10:47

im buying for the future yield

[morwood] 17/8/2006 15:05

If so, don't the directors have to pay as a minimum the price they have paid for shares in the last 12 months? Not 100% about this so please correct me if I am wrong.

If so, whats the highest prive a director has paid in this period?

[bubsy2] 17/8/2006 14:41

maybe its a mbo

[morwood] 17/8/2006 11:15

All wnet quite over the last few days..

[bubsy2] 15/8/2006 14:38

this i feel there is something going on behind the scenes we dont know about and could be very positive,directors putting there money in here like they have there is something brewing i would like to think so

[morwood] 15/8/2006 13:53

Only a small stake of @3,500. Mentioned it over on TMF in the PP'sPub the week before, just after the second profit warning came out. Little did I expect all this action!....

Lots of trades going through for a company that is usually very quite. Would hope to see a recovery to about 65p+ in the short term when everyone digests the latest news.

There has been some good write ups in the papers recently and was mentioned in the Sunday Times 'Directors' dealing' section which always grabs peoples attention.

Good to see more directors buying yesterday.

Whats you thoughts for the short term?

[mctmct] 15/8/2006 13:45

Good timing - how many did you get?

[morwood] 14/8/2006 16:10

I got in earlier last week at 29p - Looking good already!

[mctmct] 14/8/2006 14:31

Got 20,000 at 37.5p.

I'll top up if it falls back.

[mctmct] 14/8/2006 14:23

The old thread looks a bit tired, so I support starting this new one.

The directors seem to have decided to have a really bad year and to clear out as much from the accounts as possible. They are buying heavily, and spending real money rather than awarding themselves options.

I think I'll follow their lead.

[seypaddison] 13/8/2006 21:40

I think this is a winner:

[morwood] 13/8/2006 20:10

Mentioned in the Sunday Times Money section today under the Direcots Deals feature:

Directors' deals: Retail bosses aim to book a profit as market value slides


ERIC BLAKIE, non-executive director of Premier Direct, has substantially raised his stake in the troubled retailer, which has seen its shares fall by 80% this year.
Shares in the firm, which distributes books and novelty goods through the workplace, have slumped from a high of 185Åp in mid-February to a three-year closing low of 29p last week.



Blakie bought an initial 10,000 shares at 29p each and a day later bought 375,000 shares for 28p - an intra-day price - at a cost of £105,000. He now owns 464,000 shares, or 2.2% of Premier.

Two weeks ago, chairman Graham Wilson and chief executive Eric McClenaghan also took advantage of the low price by buying more than £126,000 worth of shares between them.

Wilson splashed out £59,000 on 168,750 shares at 35p each, raising his total stake to 600,500 shares, or 2.9% of the company. McClenaghan acquired 185,000 shares for about £67,000, taking his stake to 12.1%, or 2.5m shares.

Premier's interim figures in April triggered a share collapse after it reported a slide in turnover and warned of difficult market conditions for the second half.