Pressac Share Discussion Threads

[jack.f] 20/10/2004 17:01

There were 3 interesting trades of 250,000, I don't think they were sells or the share price would have been down. Let's see what tomorrow brings.

[the knowing] 20/10/2004 15:39

Be interesting to see what the MMs do with any serious buying here.

[the knowing] 20/10/2004 13:51

Thanks Jack.

1 vs 1

[jack.f] 20/10/2004 13:44

5 MM...... 4.5p to 6.5p.....5.75p to 7.75p.....5.50p to 7.50p.....5.00p to 7.00p.....5.00p to 6.25p. Just phoned my broker.

[the knowing] 20/10/2004 13:23

Anyone with L2 please ?

[the knowing] 20/10/2004 13:08

250K at mid now showing.

dubbsie was trying to indicate that i do both (Trade/Invest)

[dubbsie] 20/10/2004 12:03

Personally I would but what do I know. The market is imperfect and overvalues some and undervalues others. The price of SPS seems to still be going up so.... but it looks set for some profit taking or shorting, but again just my opinion, you asked.

[the knowing] 20/10/2004 11:42

I better sell my SPS then hadn't I.

[dubbsie] 20/10/2004 10:49

Just in case you hadn't worked it out TK is a trader not a long term investor!

[the knowing] 20/10/2004 10:41

Fair points but that does not stop buyers comming in hoping for a recovery or a takeover.

[jack.f] 20/10/2004 10:26

As much as I would like to hear more positive comments made on Pressac I think JakNife has made a fair post.

I still believe that they will turn the business around put there is a higher degree of risk at this stage. Trying to second guess the bottom is hard and I have already getting it wrong in Pressac but IF they do turn this one around the upside looks good.

"IF" the magical word

[the knowing] 20/10/2004 10:12

250K rollover

[dell314] 20/10/2004 09:48

Knowing - They said that at Henlys at £1 and look at it now. GONE!
Unless you can draw exact parallels, with some detail, I don't see the point of comparing PRSC to AHT, or any other company...

Rgds
dell

[the knowing] 20/10/2004 09:43

They said that at AHT at 4p and look at it now 60p. These things take time. Take the opportunity, if you wish, and tuck them away.

There is still possibility of a bid for the company at this level.

[growbag] 20/10/2004 09:40

r u talking about the share price or the business? no sign of recovery in either as far as I can see. a few punters buying small amounts of stock in blind faith that the business can be turned around. A pretty amateurish and dangerous strategy isn't it?

No indication from the company of a strategy to reduce the debt -- so no basis to argue for recovery yet. All IMHO etc.

[the knowing] 20/10/2004 09:31

Second blue day on the trot ? Recovery ?

[the knowing] 20/10/2004 09:14

OK looks like this may be turning around now.

[the knowing] 19/10/2004 17:39

If the buying continues tomorrow I may have to climb onboard myself. See this as a recovery for sure.

[partner] 19/10/2004 16:19

YES !!,with only 10 minutes to go,could be a note in my diary.

[jack.f] 19/10/2004 16:10

Is that blue I can see for the second time today?

[the knowing] 19/10/2004 10:58

Looks like someone has just bought a chunk.

[growbag] 19/10/2004 10:57

I'm certain that there will be a rights issue -- it is the only way PRSR can reduce their debt/interest burden. Either that or sell off some part of the company. One to watch for recovery. I also think that they will turn this business around ---

[jack.f] 18/10/2004 22:54

Thanks dubbsie, I think the French operation and Pressac communications in England are the key to reducing the tax burden or that is what Woodwark seems to be saying in his interim statement. They also need to reduce the debt and high interest rate that the bank has imposed on the company but I think that will only happen when the company can negotiate from a stronger position. I still believe it will take 12 to 24 months to see any improvement. It will be interesting to see if Webb tries to average down, after all he does expect Pressac to recover next year. I can't help feelng that TT and Webb have done some sort of deal somewhere down the line.

[the knowing] 18/10/2004 21:11

dubbsie that's why it interests me but we need to see stability in the share price first.