Prime Focus Share Discussion Threads

[littleredrooster] 04/1/2012 14:09

PFO London has now stated it intends to do its best for ALL shareholders

What the company actually stated was "in the best interest of all shareholders and stakeholders". I think the primary legal obligation of the directors is to act in the best interests of only the shareholders (which may, of course, include keeping other stakeholders, such as major customers, happy). Perhaps what the company intended to convey is that the interests of minority shareholders will not be ignored.

[tara7] 04/1/2012 14:03

On the move now.

[tara7] 04/1/2012 12:47

That just shows what these Market Makers are.!!!What is the market size they have to deal.??

[jonno1] 04/1/2012 12:41

11 - 15 quote but the offer is @ 20

[tara7] 04/1/2012 12:31

So, we have a very, very cheap company where the parent PFO India has bought a lump of shares at 35p just months ago.

However, PFO London has now stated it intends to do its best for ALL shareholders.

Since they put out that statement on,[23/12/11] India is passing a new law to let foreign investors buy Indian shares, [which will be passed by mid JAN 2012.]

It seems to me PFO London will be taken out with PFO India stock at around 40p per UK share.

5P over the last price, [35p] paid may well give PFO India the 90% required to get the deal done.

Todays 14p is in my view, a real gift.

[tara7] 03/1/2012 13:49

17p for 10k is rather cheap on a pe of one.!!

[jonno1] 03/1/2012 12:32

11 - 15 p quote 17p for 10000 what's that a 60% spread!

put a buy order in at 12p just in case.

[tradeit4] 03/1/2012 12:01

I have been looking at the Financials here and i believe Tara is onto something.

Reported profits £1.795m for 6 months
This is after absorbing £4.5m of costs associated with the view D business (now sold) and one off £0.485m of prefessional fees.
Also adjust for the £1.799m gain from the sale of view D.

I end up with an underlying profit of £4.981 million (less whatever revenue was associated with view D prior to disposal. I can't see this disclosed in the figures)

If we assume say £2.0m revenue that would leave £2.981 milion for 6 months, or an EPS of 9p. We could be looking at 15p EPS for the year here.

[tara7] 03/1/2012 10:28

159 shares just gone through at 15p cost under £50.00 and the Market maker lifts his price.!!

See Level Two

[tara7] 03/1/2012 09:46

First trading day of the year and PFO is first out of 3,000 shares.!!

Priced to go bust, new directors, huge profits over the last year and a half.

Rather a lot to go for.

[tara7] 03/1/2012 08:23

Up,[after the RNS and results]

[tara7] 31/12/2011 17:12

AUK good luck with it but as you well know the company is on the floor, and i note the constant selling up to a day or two ago.!!

[tara7] 31/12/2011 16:56

Nice big fat profit for the six months FACT
Nice big fat profits last year. FACT
Turnover growing.FACT
35p a share cash paid for 10% of the company just two months ago. FACT
Very low market cap of just £3M pounds [not 23M]
Shares cost 11p to buy FACT.
New directors with track record FACT
Company statement that they intend to do their best for ALL shareholders FACT


This is not BP or VOD its a tiny Aim stock, growing, and in profit for the last 3 accounting periods.

It is 100% clear to me you look backwards, with shares and investing its all about what is to come. That is why you should stay away from shares, time and time again on threads like this we hear views like yours which if this company was valued at £50M would be valid.

Now sit back and think to yourself why has the parent just paid 35p a share for 10%?

Why have new diretors been taken on.??

[27howard] 31/12/2011 16:25

Check out Auk tara.

[tara7] 31/12/2011 15:19

Dear me, looks like the same person has just posted with various user names, no posts for months then 3 in under an hour.!!

Now the accounts, made a huge profit last year, and a profit this first half of half its share price.!!

Just been paid 35p a share for 10% of the company.

Since these accounts sold the loss making section of the group for a profit and slashed debt to boot.

Growing fast in a growing market.

I note these were they type of posts i got from others when i made AGL my share of the decade at 13p , now as we leave 2011 they stand at 80p plus.!!

[34simon] 31/12/2011 14:27

Yes it does puzzle me what Tara wrote, maybe Tara has limited knowledge of
reading accounts, i'm no master but what Tara is saying is vastly different
from the facts, very misleading to say the least.

[homeboy35] 31/12/2011 14:23

classic pump n dump from the tarameister

[glasshalfull] 31/12/2011 14:18

Agree 34Simon, dreadful set of figures and b/s.

Actually made a loss if you remove the exceptional gain received from the sale of the subsiduary.

All smoke and mirrors I think...and to release results 30mins prior to he New Year close...well, it tells me all I need to know.

Regards,
GHF

[glasshalfull] 31/12/2011 14:16

Agree 34Simon, dreadful set of figures and b/s.

Actually made a loss if you remove the exceptional gain received from the sale of the subsiduary.

All smoke and mirrors I think.

Regards,
GHF

[34simon] 31/12/2011 11:02

Results look awful, remind me of Cmcp i was invested in, at first glance it might look interesting but the more you delve into the numbers the more scary it gets, exceptional gain of 1.8 mil distorts the profits announced, soaring admin costs and rising debt is not healthy, take out exceptionals and i think the company is hardly making any money but debt is rising sharply, no wonder they wanted to delist.

[tara7] 30/12/2011 16:39

Well the parent group was happy to pay 35p cash for 10% two months ago.

If they paid that, then you can be sure the real value is a great deal more.

Could buy for 11p at the close today.!!

[tara7] 30/12/2011 16:36

Re debt see the lump written off with the sale of the 3D company and the cash it bought in .

Also see amount of cash due.

[double6] 30/12/2011 16:31

Another one planning to EVN.

Could there be a change of heart there too ??

[littleredrooster] 30/12/2011 16:03

"Borrowings increased to GBP9.369m from GBP8.277m at the March 2011 year end."

What do you now estimate the borrowings to be? The p/e of 1 may not be the most appropriate indication of the value of the company.