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Share Name Share Symbol Market Type Share ISIN Share Description
Prime People Plc LSE:PRP London Ordinary Share GB00B4ZG0R74 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 67.00 63.00 71.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 17.8 -0.2 -0.3 - 8

Prime People Share Discussion Threads

Showing 276 to 298 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
08/7/2022
15:39
Anyone else still holding this which is now a private entity?

I received a bunch of papers which seem to marginalise ordinary shareholders. This seems unfair given that the company wouldn't purchase the whole of my shareholding when it was listed and when it de-listed/went private.

This seems like a con to provide full and total control via A and B shares to the main board members and current major shareholders.

Or am i missing something?

If i had a larger stake i would look seriously into this and take legal advice.

Would welcome the thoughts of any other holders who are still around?

garygazzastrip
25/1/2022
14:48
Thanks thirty, really useful info there. Sorry for late response. I have been left bag holding and have raised a complaint with my broker, so let's see how that goes. If I had received corporate action notice and been able to participate in tender I would have done so and been taken out at 87p; I only have approx £1500 of share as a rump holding so happy to see how it goes from here and try my hand at being a minority. Well I have no choice now anyway! Good luck and see you at the AGM ;)
squeamish1
19/1/2022
15:53
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.

All IMHO, DYOR + BoL
PRP is in my top5 hldgs

thirty fifty twenty
19/1/2022
11:29
Any holders still here? Just found out about the de-list, my broker failed to give any notification or open up a facility to participate in the tender. No experience of being a minority in an unlisted company so interested if anyone can share a view. Sell and move on?
squeamish1
29/12/2021
15:36
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
rightnellie
29/12/2021
12:05
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

Al IMHO, DYOR + BoL
PRP is in my portfolio

thirty fifty twenty
29/12/2021
10:38
Is everybody selling? Voting against delisting? or hanging on and hoping for divis once it has delisted
rightnellie
22/7/2021
09:15
I guess the likelihood is that they´re doing much better since their financial year end. Just about all recruiters reporting strong trading for the Apr-Jun quarter... We´ll see...
eezymunny
11/6/2021
18:17
Dear all, given this threads authoritarian censoring of so many posts and banning of so many contributors, I have decided to set up a brand new Staffline thread.

This allow freedom of posting for all ADFN members (with both negative and positive contributions) for those who have a genuine interest in the fortunes and journey of Stafflines exciting new future.

Please feel free to join in the Unbiased, Unfiltered and Free for all (bar any persistent ADVFN rule breakers), at: https://uk.advfn.com/cmn/fbb/thread.php3?id=48545154

my retirement fund
11/3/2021
19:05
Weird week here. No RNS and still relatively few trades going through so could be the market maker playing games.
squeamish1
11/3/2021
17:37
To be fair, it is pretty flat for the week after the spike the other day. Just very very volitile. Little annoying. That's what you get in small caps. At least we know it can move up now though.
camo1997
11/3/2021
15:13
Why the drop
w1lbur01
29/1/2021
08:14
Well... they recorded a profit at least, better than most this year.
camo1997
01/9/2020
14:28
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.

dangersimpson2
01/9/2020
14:00
Looking good.
hodhasharon
29/8/2020
10:48
Dividends won’t be there like that again.
albert3591
28/8/2020
12:26
Just letting posters know Jonah is here.
albert3591
27/8/2020
19:51
There’s rumours circulating about a possible takeover by HRNet, but the volume signatures are tiny.

If I invest it will be based on the previously posted research and not rumours.

hodhasharon
27/8/2020
19:47
Do you have an interest in PRP albert?
hodhasharon
27/8/2020
16:59
Oh dear shoddys hear
albert3591
27/8/2020
13:55
Ok, so I've had this tipped to 100p. I've done some initial research:

Valuation
Is Prime People undervalued compared to its fair value and its price relative to the market?

Undervalued compared to fair value
Share Price vs. Fair Value
82.0% Undervalued
Current Price UK£0.43
Fair Value UK£2.39

Short Term Liabilities: PRP's short term assets (£8.1M) exceed its short term liabilities (£3.5M).

Long Term Liabilities: PRP's short term assets (£8.1M) exceed its long term liabilities (£1.1M).

Ownership Breakdown
Institutions 16.9% 2,084,546 shares
General Public 22.5% 2,770,774 shares
Individual Insiders 60.5% 7,451,953 shares

Market Cap: UK£5.292m
Shares outstanding: 12.31m
Website: hxxps://www.prime-people.co.uk
Employees:138

Year ending: 31/03/2019 31/03/2018
Revenue (£m) 24.66 22.92
Profit before tax (£m) 2.47 1.19
Adjusted EPS (p): 13.72 8.67
P/E ratio 5.80 9.10
PEG 0.10 n/a
EPS growth (%) 58.00 (34.00)

16 Nov 2017 24 Nov 2017 Interim 1.75p GBP Paid
12 Jul 2018 27 Jul 2018 Final 3.25p GBP Paid
29 Nov 2018 07 Dec 2018 Interim 1.8p GBP Paid
18 Jul 2019 02 Aug 2019 Final 3.4p GBP Paid
21 Nov 2019 06 Dec 2019 Interim 1.8p GBP Paid
22 Jan 2020 29 Jan 2020 Special 16.3p GBP Paid

Would really appreciate a current investor's view prior to getting in.

hodhasharon
22/1/2020
09:14
Agree Typo, if I’d had any sense I’d have sold out yesterday because I feared a drop like this and I actually think it will go further back towards the 100p mark.
warranty
22/1/2020
08:45
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.

typo56
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