Prime Focus Share Discussion Threads

[tara7] 05/10/2011 11:02

Plus shares trading at 35p.!!!

[tara7] 05/10/2011 11:01

Hey what does this mean!!!???

From yesterdays RNS ::

The Directors also believe that it will be easier for the streamlined Group to enter into a corporate transaction that could enhance shareholder value.

Enquiries:

[tara7] 05/10/2011 10:58

May or may not.!!!

Now if they are about to buy out PFO London shareholders that is just what they would say, is it not.!!??

Every chance they will make the same, more so if you read the PFO India Conf call after last set of parent company results.

In that call they said 30% of profits come from the UK.!!

[kinghorm23] 05/10/2011 10:48

I copied it from their results tara, are you saying i'm lying and the
management are lying.

Here it is again.

"The year to end March 2011 benefitted from a number of exceptionally profitable contracts which may or may not be repeated in the current year. Discussions continue with the parent company to evaluate how to align the Group's interests"

That means they had a bit of a freak year for profits and if not repeated the
profits willo obviously be a lot lower so not a per of 1, maybe they will maybe
they wont but what you are posting is misleading to say the least.

[tara7] 05/10/2011 10:41

That"S not what they say, for a start they have not said they will not be made have they.!!

I also put it to you that if just half the profit was made one would be on a pe of 2 V 12 for the FTSE.!!

Find me a share on a pe of 2 please

[kinghorm23] 05/10/2011 10:05

So you know better than the management that run this company !

They state if these contracts are not repeated then profits would
be slashed more or less.

Why do you ignore this statement tara ?

[tara7] 05/10/2011 09:43

Or did they read the RNS, worked out the market trades on a pe of 11, AIM on around 8 but PFO on 1.!!

Just to point out what that means to you, it takes just one years profits to get your investment back.[V 12 years for a company on a pe of 12]

[kinghorm23] 05/10/2011 09:42

Tara.

You are a huge danger to the naive on here !

From final results !

"The year to end March 2011 benefitted from a number of exceptionally profitable contracts which may or may not be repeated in the current year. Discussions continue with the parent company to evaluate how to align the Group's interests"

That blows your PER of 1 out of the water if not

[tara7] 05/10/2011 09:40

Not mine buy others are buying on a pe of one.!!!

[twistednik] 05/10/2011 09:31

Tara - buying in £5k again?

Time Price Volume Block Price Bid Ask B/S Type
8:51:19 26.5p 20,000 £5,300 24p 27p BUY O

[tara7] 05/10/2011 09:08

Take a look at the RNS from yesterday RE the last PARA.!

[tara7] 05/10/2011 09:00

How wrong you are, yet you have not posted a 43% gain this year have you.?

Please do your own research on PFO and you just might learn a thing or two.!!

[kinghorm23] 05/10/2011 08:25

Tara

What i'm saying is you vanished from here for ages, quite obvious you dumped
and now all of a sudden you are posting none stop and ramping this everywhere.

I could not care less about your top10, you are a pump and dumper simple as
that and not to be trusted.

[tara7] 05/10/2011 08:22

Or my share of the decade[AGL] 14p to 60p so far.!!

[tara7] 05/10/2011 08:21

Kinghorm, might like to see my tara"s ten for 2011, up 43% so far, and here spend some time reading the NEWS from the company [not me]

[kinghorm23] 05/10/2011 08:14

Can always tell when you buy back in, you turn into pump and dump mode
ramping this everywhere tara !

[tara7] 05/10/2011 08:13

On the move up.!

[tara7] 05/10/2011 03:56

This is the director who sold his shares. Chris Mills

He sits on lots of boards of various companies, and is cashing in on them.

Big time.!!!

Now he has sold, longterm shareholders might feel they have been very let down , for he has been on the board well over 8 years and sold out at a lower price than the Indian parent group paid 5 years ago.!!!

I trust he will step down today.!!!





JO Hambro Capital Management (JOHCM) is to sell its £7.1 billion funds business to Australian asst manager, BT Investment Management (BTIM) for some £209 million.

The move provides an exit for key shareholders Jamie Hambro Nichola Pease and Chris Mills who founded the business but have since stepped back from the management off it.

However, the deal marks a big pay day for all three. Hambro is expected to claim some £37 million from the sale while Pease will make £26 million. Veteran activist investor Mills will make some £61 million from his 29% stake. Pease will step down from her current role as deputy chairman following the deal.

The firm's private client business however, James Hambro & Partners, will largely pass into the hands of its private client managers, with just 9.9% being retained by JOHCM.

The powerful hedge fund business, North Atlantic Value, run by founding shareholder Chris MIlls will remain under his control and will not be bought by BT Investment Management under the deal.

The running of the firm will remain under the control of the existing management team. Gavin Rochussen will remain as chief executive with Jamie Hambro continuing as the non-executive chairman.

The firm said that its team of fund managers will retain autonomy over investment decisions and that their remuneration package had been enhanced by the deal.

Rochussen said: 'This represents a significant step in the evolution of JOHCM and provides certainty in the form of a committed long-term partner. Together with BTIM we will continue to deliver strong investment performance for our clients. We also see significant growth potential for JOHCM, with a robust framework in place to attract, incentivise and retain the best fund management talent while continuing to offer our fund managers full autonomy in their investment decision-making.'

[napoleon 14th] 04/10/2011 16:07

They've paid 35p - any bid for six months is 35p min.
Après ça, on verra...but I'm not surprise at the moves today after DMOR.
IMO optimistic; they're not standing still, valuation looks fair,
cleans the B/S one stage further & improves cashflow by $1M/quarter for starters.

I'll take 35p...

[tara7] 04/10/2011 15:54

At last some here are seeing what i have been saying for months.!!!

"Could enhance value," more like, we have a game plan to bid for PFO London as we know fair well profits are going through the roof over the next few years.!!

[littleredrooster] 04/10/2011 15:24

What's the corporate transaction that could enhance shareholder value? Could that mean a sale of PFO London to the parent company PFO India? I suppose that the relationship between PFO London and PFO India is now considerably less complicated.



"The disposal of the business is expected to be earnings enhancing and will allow management to concentrate on the Group's core business. The Directors also believe that it will be easier for the streamlined Group to enter into a corporate transaction that could enhance shareholder value."

[twistednik] 04/10/2011 11:33

Yes, you can squeeze out (ie force shareholders to accept) after 90% but delist after only 75%.

[littleredrooster] 04/10/2011 10:56

Most Prime Focus London shareholders would probably accept 35p per share. Above a certain level of ownership (90%?), I think PFO India can force the remaining Prime Focus London shareholders to accept the offer. Something to look into anyway.

[twistednik] 04/10/2011 10:47

Yes, seems reasonable as it is such a difficult business to put a true value on due to it being so intertwined with the parent.

I am just concerned that PFO India now have c.65% of the shares and only need another c.10% to reach the required 75% to delist the business from AIM. Unsure where that will leave the small shareholders. PFO india can just run PFO london as a cost centre and with no profit or dividends being upstreamed, those left will see no return on their money!

TN

[littleredrooster] 04/10/2011 10:38

I don't know how to value Prime Focus London shares but we know what Prime Focus Limited is prepared to pay. A premium of about 50% to the quoted share price seems reasonable to me. I don't see how Prime Focus Limited could offer less than 35p per share in the near future without being accused of giving preferential treatment to a Prime Focus London director.