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PROC Procook Group Plc

34.10
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Procook Group Plc LSE:PROC London Ordinary Share GB00BNRR8331 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 34.10 12,848 16:35:06
Bid Price Offer Price High Price Low Price Open Price
33.20 35.00 35.00 35.00 35.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 62.59M 610k 0.0056 62.50 37.15M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:38:46 O 12 35.00 GBX

Procook (PROC) Latest News

Procook (PROC) Discussions and Chat

Procook Forums and Chat

Date Time Title Posts
15/11/202404:11Cooking up a storm145
06/5/201519:31The Proclaimers30

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Procook (PROC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-22 15:38:4635.00124.20O
2024-11-22 15:38:4635.001,559545.65AT
2024-11-22 15:30:2834.4120068.81O
2024-11-22 10:15:2033.207424.57O
2024-11-22 10:15:2033.20289.30O

Procook (PROC) Top Chat Posts

Top Posts
Posted at 23/11/2024 08:20 by Procook Daily Update
Procook Group Plc is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker PROC. The last closing price for Procook was 34.10p.
Procook currently has 108,956,624 shares in issue. The market capitalisation of Procook is £38,134,818.
Procook has a price to earnings ratio (PE ratio) of 62.50.
This morning PROC shares opened at 35p
Posted at 11/11/2024 11:21 by imjustdandy
For the year to March 2025, Canaccord Genuity forecasts an uptick in adjusted pre-tax profit from £1 million to £2.5 million, ahead of £3.8 million in 2026, with EPS (earnings per share) building from 1.6p this year to 2.4p next year.

Those estimates place ProCook on an undemanding prospective PE (price to earnings) ratio of 12.1 times, which drops to single digits on the broker’s 3.3p EPS estimate for full year 2027, during which ProCook may well pay a maiden dividend.

Canaccord Genuity argues the current valuation ‘does not reflect the growth opportunities from further store expansion and like-for-like initiatives’.

Peel Hunt believes that with ProCook in ‘such good shape ahead of peak’ the numbers can ‘start to move north towards the £100 million sales, 10% operating margin goal in time. Any hint of that happening should see a material re-rating here: the shares are too cheap in our view.’
Posted at 16/10/2024 09:46 by martinmc123
3*
ProCook Group, the UK's leading direct-to-consumer specialist kitchenware brand, updated on Q2 trading results for the 16 weeks ended 13 October 2024 this morning and business is turning up for the better. Total revenue of £17.0m in the second quarter increased by +8.8% year on year, reflecting continued trading momentum and market outperformance. Total like for like revenue grew by 4.7% with positive growth in both Retail and Ecommerce channels. First half revenue of £28.3m was +7.5% year on year, and +4.2% on a like for like basis with gross profit and operating costs in line with management expectations given the second half weighting...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/PROC/878
Posted at 20/10/2023 12:30 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 20/10/2023 08:37 by dr biotech
How many recent IPOs have been a disaster? Made/here/seraphine/podpoint and others. The forecasts are almost fraudulent. Original talk here was for a 200p price..just glad I sold out early.
Posted at 21/8/2023 19:00 by goingloco
@kemche - not sure - much depends on the Germans and from what I am hearng thing are going badly back home. As for business in this country - what makes anyone think good times lie ahead? I'd say the price could go either way fro here, which is unsuaul for me, I typically take a view one way or the other. I'm out at the moment, but still watching this somewhat interesting almost-penny stock.
Posted at 12/5/2023 15:40 by toffeeman
Well those 10k sells didn't shift the price - order being filled?
Posted at 09/5/2023 13:20 by sphere25
In for a quick trade here.

Following Downgrade City last year, it is one of those where you can easily see another warning, but they're sort of in line with the cautionary forward tones. The breakeven on PBT isn't great, but the CEO is buying, and Fackelmann have upped their stake again too - RNS just out this afternoon.

Been watching the order book and someone has been mopping up at 27p with a large iceberg on Friday - the price didn't threaten falling through that. I don't know if that is the CEO leaving a further buy order or Fackelmann. Same goes for today with further big buy order in the market at 27.5p with an 8k iceberg mopping up. Just had a few orders jump ahead with a 50k at 27.6p and a market maker now at 28p on the bid.

So sort of sat here wondering whether this level of buying can exhaust enough of the sellers to at least cause a little rally to sell into. Sometimes these more suspect shares can provide a false sense of hope, even when the order book is looking as strong as it is - sellers can be persistent and grind away at the buyers to eventually exhaust them.

That said, the chart is teasing a little turn and bounce higher. A move through 30p should lead to a nice move to lob into, but it is an exit if there is no momentum.

I can't sit here and be sure they will hit their numbers so a quickie, but yeah some interesting order book and buying activity.

All imo
DYOR
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 02/2/2023 11:09 by goingloco
Are Fackelmann a credible buyer? I'm unconvinced. I bought a copy of their most recent (but not very recent) accounts. I had to jump over some hurdles for that as they are an unlisted private company. Those accounts do not show sufficient resources for them to make a cash bid for Procook at a price anywhere near what the controlling family would want. Unless you assume they would sell for something like the current share price.
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.
Procook share price data is direct from the London Stock Exchange

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