Procook Share Discussion Threads

[puphead] 21/6/2022 07:19

Well, well, well... we have a stakebuilder. xxxxx://www.fackelmann.de/

[topvest] 16/6/2022 18:34

Had a look at the IPO prospectus - I see the CEO has a colourful history in his earlier days and was disqualified as a director for trading when insolvent.

[debsdowner] 16/6/2022 14:28

tomboy,

I wonder what the founder will say at its first AGM ' I am sorry about the share price these things are out of the companies control, and the share price doesn't always reflect the value of our proposition! ' LOL

[tomboyb] 16/6/2022 13:07

Definitely -

We could be looking at 2-2.5% by year end -

Retail looking very grim -

Not just geo-political factors -

[debsdowner] 16/6/2022 11:40

0.25% rise as predcited and BOE say they will act "forcibly" toprevent further inflation so more rate rises to come.

[tomboyb] 16/6/2022 10:38

Agreed Debs -

12pm today -

Not touching anything retail at the moment -

[debsdowner] 16/6/2022 09:59

Toffe will do.

tomboy,

Moat retailers falling in double digits horrendous day following bad news on BooHoo ASOS and THG even frasers falling buy buack failing to suppprt share price.

BOE rate announcement could make martewr worse if they go for anytrhing above 0.25% expect further market volotility.

[toffeeman] 16/6/2022 09:09

>> Debsdowner

Have a look at GPH!

[tomboyb] 16/6/2022 09:01

Retail is a complete avoid at the moment -

[debsdowner] 13/6/2022 15:02

One of the worst charts I have seen after an IPO it is an embarrasment for the company. But even if the company was to make between 4 to 6 million it still places the company on a pe ratio of about 10 give or take a margin either way which isn't cheap for a retailer with little track record I wound't place the company on a pe of 7 after a profit warning.

[debsdowner] 13/6/2022 10:18

I don't it is in the retail sector and relies upon consumer spend which is drying up. Things will worsen not get better and never mind GDP data awful this morning next year we are expected be 0 growth and never mind a recession we could be entering a depression.

[74tom] 13/6/2022 09:49

‘Overdone fall and the buys seem to agree’

Still think it’s overdone Babbler? Comedy gold.

[debsdowner] 13/6/2022 08:43

Well after reading that article above avoid at all costs. A lot of these IPO's have been grosssly overvalued and in many cases the founders managed to make money selling shares in the meantime.

GDP figures were worse than expected this morning the UK economy is already stagnating and this is not good news for bricks and mortar stores.

But if the company was to go bust the founder could always buy the company back again for nothing !

[tomboyb] 13/6/2022 08:35

looks like 30s coming up -

[dr biotech] 12/6/2022 11:39

I lost £9. I’m thinking more and more that the majority of companies using primary bid should be avoided.

[toffeeman] 12/6/2022 07:57

I made the grand total of £60 at IPO when I sold - v relieved when I see what has happened to the proce.

[topvest] 10/6/2022 17:36

I think Central Bankers were at least 6m late on tightening. It was plainly obvious nearly a year ago that the economy was overheating. Procook floated off the back of it. Up until then, the bankers had handled the crisis pretty well, but I think they just overdid things. Somewhere they then forgot the Central Banker golden rule of being proactive and not reactive. They are now scrambling to catch-up. Trouble is there is now a very high risk of a major policy mistake. They have put themselves into a horrible position. The politicians will go into overdrive blaming the Central Bankers. The blame game has probably already started.

Anyway, back to Procook. I will research the annual report when it gets released as it may be an interesting opportunity in 2023. I much prefer the UPGS business model over this though.

[debsdowner] 10/6/2022 15:53

Dr Bio, furlough and working from home and 900 billion pumped in the economy allowed many to go on a spending spree with all those savings and some of this was predictable. The company should have known this they had been here before in the last fincial crisis in 2007/8.

[debsdowner] 10/6/2022 15:46

topvest, tomboy, I couldn't agree more and with interest rates on the rise we are heading for a crash. Mitchigen consumer expectations came in at 46.8 v 54.5.

Even large footsie companies are seeing discretionnary spend down and an AIM company trying to expand by opening shops is a dissaster in the making imo.

[dr biotech] 10/6/2022 15:09

A big part of the problem is that no one foresaw the Covid hit and Ukraine invasion - which is fair enough. That the government has hugely overspent and are all in debt is obvious and the only way out is a period of sustained inflation. Effectively interest rates are now at -9% so every way the holder of debt are poorer whilst the debtors will get their debts under control (with some pain admittedly).

To look at QE as being the major direct cause I think is a bit misleading. Sure its a factor, but if you look at the classic cases of hyperinflation (ie Weimar/Zim) then inflation should rapidly follow money printing and given the long period since the financial crisis this hasn't proved to be the case. Perhaps they should have quit sooner. Having the bank of England (owned by HMG) hold a large proportion of govt debt is an interesting situation. I don't think we'll ever buy it back through quantitative tightening..

[babbler] 10/6/2022 14:43

unexpected by who? Anyone could see that coming.

[tomboyb] 10/6/2022 13:45

US inflation figures just out -

Unexpected 40 year high!

Avoid all retail -

[topvest] 10/6/2022 13:42

debsdowner - commentators are well behind the curve in my view. Growth is, in my view, obviously negative right now - we will most likely be in recession by the end of Q3, with Q2 likely to be negative.
There may be nominal growth, but real growth must be negative as the first quarter of negative growth.
Remember inflation is c10%, so you need 11% growth to hit 1% GDP growth. No chance!
All this talk of a possible recession next year, appears very optimistic thinking. It will be here well before that in my view.