Procook Share Discussion Threads

[sd235] 09/1/2022 13:15

Up 4%. Spread has narrowed significantly at least Fridays has.
Bought on trust pilot reviews 72,000 reviews give it a 4.8 out of 5 score. About as good as it gets. Also expansion into Europe.
Only got £1600 worth. First purcase via primary bid.
Looks to me like 5 year hold.

[dr biotech] 24/11/2021 21:55

All small caps that import stuff have been hammered over the last couple of weeks. Should still do ok longer term I hope.

[bloodhair] 24/11/2021 21:35

Yep looks like a mistake ?

[bloodhair] 23/11/2021 14:37

Was tempted to sell out but I'm going to hang in for a bit and hope the PB sellers are out of the way soon and price starts to recover. Could be a mistake....

[dr biotech] 23/11/2021 09:13

I'm out at 145. So thats a 9.50 dealing cost loss for me. Just seems all small caps are going one way, I've had a terrible couple of weeks.

[dr biotech] 22/11/2021 17:43

Better than making a loss. I didn't buy these to flip them, but seems to be little interest

[toffeeman] 22/11/2021 15:38

I am out - massive gain of £60!

[bloodhair] 15/11/2021 21:10

Agree they have a good online presence and that what they sell is good stuff (just had kitchen redone and bought about 8 pans as the wife had a stockpot from them she really liked). But they do need to expand the range ala Lakeland as you only buy pans and knifes infrequently (especially if they are good quality). Be interesting to see what the do with the funding. Like Dr B I'm not sure this is a long term hold for me either..but we'll see how it goes over Xmas period.

[toffeeman] 15/11/2021 15:26

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.......

[dr biotech] 15/11/2021 14:11

No. Should say I doubt I’ll still have these by March, I think they are a lockdown beneficiary but still have more of that wave to ride.

I didn’t really like applying without knowing the price, but we’re 11% up in a week and that’s decent if in real terms it’s a moderate amount.

[jqb1] 15/11/2021 13:10

Do you think it's over priced Vs it's growth prospects?

[dr biotech] 15/11/2021 07:37

Briefly looked at the numbers - debt in particular and plans for expansion. What aspect are you interested in?

[jqb1] 14/11/2021 13:16

Did anyone read the prospectus? I would be interested too hear your thoughts if so?

[dr biotech] 12/11/2021 23:16

I have the excess back now. I got 68%. If other IPOs are a guide then normally you get a 100% of the first amount (say 1k) then say 80% of the next 5k and tapers off the higher you go. So I have a paper profit of 650. Not going to set the world alight, but will pay for the wifes xmas present.

I'm sure she'll be delighted with some new pots...

[bloodhair] 12/11/2021 19:50

10% is very nice...but shame its not a Rivian sized increase on the IPO price lol

[bloodhair] 12/11/2021 19:40

My shares are in my X-O account and the excess has been returned to my bank account

[toffeeman] 12/11/2021 16:47

I got 75% of my application

[dr biotech] 12/11/2021 16:23

No sign of my allocation or returned cash yet. But decent enough 10% gain on IPO price.

[toffeeman] 12/11/2021 08:04

Can trade now

[dr biotech] 11/11/2021 13:32

Have to wait until tomorrow when the shares are unconditional.

[nerja] 11/11/2021 12:07

Tried to buy more won’t let me yet, but trades are going through on advfn display

[dr biotech] 11/11/2021 10:34

My ISAs with the Halifax - I'm not going to transfer that to AJB just to get in here. Also have a doormant account with HL that has about £70 in it - whilst I read that you could apply through them, I couldn't see how on a cursory look through their website.

I'm not bothered in having a relatively small amount outside my ISA - I can bed and ISA them in if I feel the need, I (we) rarely save £40k cash a year

Nothing showing yet with Halifax but not expecting anything either.

Most of the PB offers I've seen so far are for IT just trying to expand. Most aren't particularly interesting.

[toffeeman] 11/11/2021 10:01

DK why anyone would buy these via PB - can't put them into an ISA whereas with AJ Bell they go straight in - can't deal yet but they are showing in my portfolio.

[dr biotech] 10/11/2021 14:34

Thanks. I’m with Halifax. Have found them to be a bit slow with dividends and other issues, but lower cost than most. No ridiculous platform fee that cost me a few hundred with HL.