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PROC Procook Group Plc

25.60
0.00 (0.00%)
Last Updated: 08:00:02
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Procook Group Plc PROC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 25.60 08:00:02
Open Price Low Price High Price Close Price Previous Close
25.60
more quote information »
Industry Sector
PERSONAL GOODS

Procook PROC Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
06/07/2022FinalGBP0.00901/09/202202/09/202230/09/2022

Top Dividend Posts

Top Posts
Posted at 20/10/2023 13:30 by kalai1
ProCook Group plc issued a trading update for the 16 weeks ended 15 October 2023 this morning. Total revenue of £15.7m in the second quarter was -1.8% year on year, first half revenue of £26.3m was -3.8% year on year. The second quarter results reflect a strong Summer Sale performance during July and August, aided by considerably more favourable weather year on year. Trading in September and into early October has been markedly softer, with lower footfall and traffic, and customers increasingly seeking out greater value and promotional offers. The Board remains cautious with regards to the FY24 outlook given the highly challenging market conditions which persist. Valuation is very attractive with forward PE ratio at 5.6x top quintile for the Household Goods sector, dividend yield at over 7% also looks generous. However share price remains in a slump. Monitor for now...

...from WealthOracle
Posted at 02/2/2023 11:45 by toffeeman
Well:

They have spent about £5m buying shares

The £ is down and attractive to a Euro buyer

PROC have a well developed eCommerce bus (much better than F)

F could borrow to buy if needed.

A bid at £1 would get taken methinks.

(Am actually in profit atm!)
Posted at 21/12/2022 18:15 by goingloco
@Dr Biotech - I asked why Fackelmann would spend millions if they don't think they can do a deal. I agree with you that getting a potential outlet for merchandise doesn't make sense. To gain an outlet they need either a trade agreement or a majority holding. A minority holding gets them nowhere, and having 11% is no better for that than having 4%.

You say you can't imagine they are delighted with their investment. Well I think everything might be going according to plan. As I said in my post above I am speculating that they have no intention whatsoever of remaining a minority shareholder. Why on earth would they? It would be madness and while I don't know much about Fackelmann I see nothing to suggest they are mad. I think they either intend to take PROC over or they think they will make a profit on their shares. Of those two possibilities I reckon the first has the highest level of probability.

You say the CEO could buy back at 40p. Well he has been buying this year, 1 million shares:
29/07/22 500,000 @ £0.35
11/08/22 500,000 @ £0.43
So he has either made an investment which he thinks is good as it stands, or he has made a start in buying back his old business, or he has bought from friends who have been hurt by the collapse in share price (not illegal), or he has increased the amount by which he will benefit if there is a takeover. Or maybe he just had some money to burn. By the way, I'm slightly intrigued by the exact round numberness of his purchases.

I am just a nobody speculating on an internet forum, and confirmation bias is always a danger, but I think there might be a takeover coming.

BTW, I have no reason whatsoever to think that anyone has done anything in breach of any rules.
Posted at 09/12/2022 11:25 by bathcoup
PROC = properly cooked - share holders, that is.
Procrook is perhaps a more accurate name.
Posted at 21/4/2022 15:02 by km18
ProCook Group plc the UK's leading direct-to-consumer specialist kitchenware brand, today reported on Q4 trading results for the 12 weeks ended 3 April 2022 and the full year (unaudited). Revenue growth was +29.5% to £69.2m which reflected a +77.5% two-year increase on FY20. The company attracted 723,000 new customers and also increased the rate of repeat purchase within 12 months from 18.6% to 25.5% year on year. Full year gross margin was -140%bps lower than FY21, in line with expectations, predominantly due to the impact of increased marine freight costs incurred in the year. Underlying product margins remained strong and management anticipate full year adjusted PBT will be broadly in line with market expectations, currently for adjusted PBT of £10.0m in FY22. The share was newly listed in November, share price is down around 20% since IPO. Valuation is not particularly helpful, forward PE ratio at 13.6x and PS ratio at around 2.2x are both bottom third for the Household Goods sector. The business has growth and it is very profitable, but there is no rush to buy....

...from WealthOracleAM
Posted at 15/11/2021 15:26 by toffeeman
I like their market position as it's more focussed than Lakeland - in fact I can see a potential consolidation as Lakeland are a family owned business and the family have just retired. I can see a merger here with store rationalisation and better logistics. Proc have a very slick on-line offering and Lakeland are years behind in that respect but have better physical coverage.

We shall see.......

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