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PRP Prime People Plc

0.00 (0.00%)
01 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Prime People Plc PRP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 67.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
67.00 67.00
more quote information »

Prime People PRP Dividends History

No dividends issued between 03 Mar 2014 and 03 Mar 2024

Top Dividend Posts

Top Posts
Posted at 19/1/2022 15:53 by thirty fifty twenty
hi squeamish -

re broker. i think you might have certain rights here, so worth contacting the broker / regulator for complaint purposes. i had an issue on something similar in the past with ii and they funded their mistake out of their own pocket for my loss.

re PRP - it is defo risky holding minority shares in an unlisted company,
i currently have some in WTG + PVCS and view them as PE type investments.
BUT i think here the risk/reward is better than most situations i've seen.

my reasons...
the sector is booming!
so i think PRP will be making bigger profit next year.

IF they decided to sell this business the take out price would be c. double current levels in my opinion / compared to listed valuations of PAGE/RWA/IPEL,

the directors ad 3 biggest shareholders have held onto c.55% of the shares and not participated in the offer. they already control the company so can pay themselves inflated salaries if they wish so why bother making the effort to control more equity (after this tender the directors and big 3 wil control c.75% of the equity)

a director bgt (i think) 50k shares last week and didnt intend to tender!

they will save themselves c.200k p.a. in listing fees.
so this alone adds c.£1m to the value of the business (i.e. the directors and big 3 have benefitted by c.£750k (IF they sell)

in fairness though... i thought their communication of the tender was very clear, reasoned and the premium decent enough. so i trust the directors to be doing the right thing.

interestingly, they are keeping governance rules in place for 12 months after de-listing. i think this is really interesting - why bother when they a have already given all minorities a chance to exit??

my view, is that they plan to sell the bsuiness within 12 months.
if they had made this decision then it makes sense to use the company's own CASH to buy almost 2/3rds of the shares they dont already own. the price they offered is a good price compared to the stock market but if way below if they were selling the business.

my own plan. i bgt heavily before the tender. with the idea to roll over my profits into the non listed. i am considering buying more before they delist... logic - a chance to buy at 78p, something the directors were happy to buy at 87p. - lets see.

PRP is in my top5 hldgs
Posted at 29/12/2021 15:36 by rightnellie
Thanks 30 - it is still very undervalued and likely to make good profits in the future. I stuck with Octagonal when they delisted and got a very nice divi recently with more to come in the future. Main trouble is it is very difficult to sell them if you want to get rid after delisting. Still undecided but have a couple of weeks to make up my mind
Posted at 29/12/2021 12:05 by thirty fifty twenty
i've been selling into the market as there seems to be good liquidity.
i was caught before with PVCS where it looked like there were good CASH assets in the company but once it goes private you have no control at all. at PVCS the directors have delayed and delayed and now 18mths later the CASH pile is reducing significantly.
so much as i think PRP is very undervalued at 74p or even 84p - the risks when it becomes unlisted are just too great for my strategy. that said, i can understand fully for someone with big CGT tax losses or a more risky strategy it is undervalued even at current prices today - it wold be worth a lot more in a bid situation.

good luck all

PRP is in my portfolio
Posted at 01/9/2020 14:28 by dangersimpson2
I feel a little bit sorry for PRP - they returned what they thought was excess capital and then got covided (my new verb) and needed a CBILS loan to keep them going. This will act as a dividend blocker while it remains in place - hopefully no the full 6 year term.

Although this has been a cash-generative niche business in the past the issue I have with buying now is that there is simply much better value in the sector at the moment. Lots of recruiters are trading at a discount to TBV where most of the assets are trade recievables. PRP is on 1.84xTBV after adjusting for the return of capital BEFORE any covid related trading losses. That they had £1m cash & no debt at 30th September 2019 but now needed £2m CBILS loan suggests these losses could be substantial.

GATC is on 0.6 TBV, HYDG & RTC are on 0.9 TBV and are mostly cash-generative as their large receivables books unwind. Buy these and you get any recovery in the trading business in for free.

It is tempting to see the very large fall in PRP and think it must be good value, but compared to other small recruiters it still seems to be overvalued if anything.
Posted at 27/8/2020 19:47 by hodhasharon
Do you have an interest in PRP albert?
Posted at 22/1/2020 08:45 by typo56
This morning's clonk seemed a bit excessive. The return of capital only 16p, not 28.5p?

Just goes to show it's not always a good idea to hold out for the dividend/capital return. I wonder how ALM will go tomorrow.
Posted at 09/1/2020 06:50 by warranty
Since the share premium account is not directly affected by trading or paid out of profits like a normal dividend, is the share price expected to fall by the 16.3p payment to shareholders when they go ex on Jan 22nd?
Posted at 15/7/2019 15:06 by battlebus2
Could just be it’s a very cheap stock with a growing cash pile and currently pays almost 5% yield which goes x dividend this Thursday for 3.4p.
Posted at 24/6/2019 16:39 by warranty
It's the type of jobs MRF, not just the quantity and even then, not every country is like the UK. Plenty of steam in PRP yet to me.
Posted at 22/6/2018 22:42 by my retirement fund
This is clearly a shrinking business with increasing overheads. Share buybacks have helped put some lipstick and powder on it but the dividend cannot be maintained forever.

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