Promethean Share Discussion Threads

[masurenguy] 21/2/2012 10:21

Can you reference any sources for those broker comments ?

[nickg2] 21/2/2012 10:15

Revenues and earnings for 2011 will be down sharply on 2010, with broker Execution Noble expecting £216.5 million sales and 6.5p of earnings per share (EPS), after stripping out one-offs. That would be down from £235.3 million and 9.3p respectively for 2010. But the broker is eyeing revenue of £230 million and £250 million respectively this year and next. That translates into EPS of 7.7p and 9.5p, slashing the price/earnings (PE) ratio from 7.5 to six. A near three-times covered payout of 2.5p per share this year implies a 4.3% yield too. A continuation of improving trading trends in this month's (28 Feb) full-year results could spark a sudden switch in mood, putting a potentially significant rerating on the cards. A PE of 10 by the year of 2012 would imply a 95p share price, 65% up from here, while Execution reckons a surge towards 116p is likely.

[nw99] 10/2/2012 11:08

Nice chart here any chance of this rebounding back much further ?

[masurenguy] 01/2/2012 07:23

Interesting - more companies should provide live webcasts of their analyst presentations.

RNS Number : 5429W
Promethean World Plc
01 February 2012

Notification of Preliminary Results

Promethean World Plc (LSE: PRW) will announce its Preliminary Results for the year ended
31 December 2011 on Tuesday 28 February 2012. An analyst presentation will take place
at 8:15am at Citigate Dewe Rogerson, 3 London Wall Buildings, London, EC2M 5SY.
The presentation will be webcast live via the corporate website: www.prometheanworld.com
on the 'Results and Presentations' page within the Investors section.

[mrphil] 20/1/2012 12:14

Not surprised that fall tempted someone!

[mrphil] 11/11/2011 14:11

Blimey, that directors' buy is a sign of confidence!

[lennonsalive] 20/10/2011 08:36

I think more gloom to come on this one, as spending tightens across the world. I've been watching, but nothing shouts out at me.

[masurenguy] 20/10/2011 07:14

Cumulative sales decline continues but improved cash generation and net cash balance. I'm still on the sidelines having taken profits & exited on 19/5. This update does nothing to prompt any re-entry yet !

RNS Number : 5068Q
Promethean World Plc
20 October 2011

Interim Management Statement: Trading in line with full year expectations

Promethean World Plc (LSE: PRW), a world leader in the global market for interactive learning technology, today publishes its interim management statement for the nine-month period ended 30 September 2011.

Trading Performance

The third quarter has continued the improving trading trend and the quarter and year-to-date results are in line with full year expectations. Third quarter group revenue was £68.0m, up 3% on the second quarter in 2011 (£65.9m), down 5% versus the third quarter in 2010 (2010: £71.3m), or down 2% on a constant currency basis. Year-to-date group revenue was £175.9m, 9% lower than the same period in 2010 (£193.7m), 5% lower on a constant currency basis.

Third quarter interactive display revenues were £60.4m and learner response system sales were £7.6m, up 3% and up 7% respectively on the second quarter of 2011; down 2% and 22% respectively versus the third quarter in 2010 (2010: £61.5m and £9.8m respectively). Year-to-date interactive display system revenues were £155.6m, and learner response system revenues were £20.3m, down 6% and 30% respectively on the same period in 2010 (2010: £164.8m and £28.9m respectively).

In volume terms Promethean sold approximately 53,000 interactive display systems and 245,000 learner response systems in the third quarter, up 10% and down 3% respectively on the second quarter of 2011; down 4% and 17% on the third quarter 2010 (Q3 2010: 55,500 and 295,000 respectively). Year to date volumes of interactive display systems were 134,000 and of learner response systems were 670,000, down 8% and 25% respectively on the same period in 2010 (2010: 145,000 and 891,000 respectively).

Third quarter cash generation was strong, reflecting the conversion of working capital at the half-year into cash. As at 30 September 2011, Promethean had a net cash position of £18.0m, after the payment of the interim dividend in September, compared to a cash position at 30 September 2010 of £14.4m.

New Products and Initiatives

Promethean has continued to launch new products and invest in a number of strategic education content initiatives. Promethean strengthened its award-winning learner response portfolio by launching its next generation ActivExpression device providing a full QWERTY keyboard and larger screen, as well as mathematical functions. At the same time, the company expanded its range of electronic testing software with ActivEngage now available for Android and iOS platforms. These products make electronic testing a reality providing more interactivity, real-time analytics and real-time teacher intervention.

Promethean has continued to develop its content strategy by entering into strategic partnerships with Channel One, at the end of the second quarter, and Houghton Mifflin Harcourt (HMH), in the third quarter, to create new education solutions with the company's interactive learning technologies. The Channel One News Interactive service to provide interactive daily news to classrooms has entered a pilot phase with field trials in over 400 classrooms in the U.S. offering live daily news broadcasts with interactive lessons as well as electronic testing all aligned to the daily news topics.

The strategic partnership with Houghton Mifflin Harcourt (HMH) will create a new line of over a thousand interactive maths lessons, including electronic testing, aligned to the Common Core Math Standards for U.S. schools. The product will be launched for the academic year 2012-13 and be offered with HMH's new math textbooks HMH Go Math! ©2012 grades K-6 (7 grades) and HMH On Core Mathematics ©2012 grades 6-11 (6 grades).

Commenting, Jean-Yves Charlier, Chief Executive Officer, said: "The results for the quarter and year-to-date are in line with expectations for the full year. Looking ahead, we expect market conditions to remain difficult, with continued budgetary uncertainty and constraints particularly in the US and Europe. Our business, however, continues to invest in the long-term potential of our market place and lead in innovation with new product launches and strategic initiatives, such as ActivExpression and our Channel One and HMH partnerships, expanding our product lines."

[masurenguy] 18/10/2011 16:08

IMS due on Thursday (20th) with the stock sitting just above its ATL close of 44.25p on October 5th. SMT also closed yesterday at $3.59, their ATL and are due to report their Q2 results in 2 weeks time.

[masurenguy] 12/9/2011 16:49

New ATL today with the first sub 50p Sell. I'm still sitting on the sidelines having exited in May. Probably have to wait for a Q3/YTD trading update at the end of next month in order to see whether the decline in sales has finally slowed down.

[offler] 29/7/2011 11:08

I'm happy to see the divi-cut, I can't stand management that has no guts for such things when they are clearly necessary.

Markets all heading down thanks to the unsolved Euro situation and the US so can't see much strength here.

[masurenguy] 29/7/2011 07:57

Promethean World profits plummet on US cuts

Investors in Promethean World were handed their latest setback after the interactive whiteboard maker unveiled a 65% drop in pre-tax profits and said it expected government austerity cutbacks to continue to make trading "challenging". The company – which has seen its shares fall 70% since its flotation in March last year – made profits of £3.3m in the six months to the end of June after revenues fell 11.9% to £107.8m. However, Promethean's shares rose 4 to 59.75p after the company said the rate of revenue decline slowed in its second quarter, despite tough comparables in the first half of 2010. Trading comparables are set to become softer in the second half.

Jean-Yves Charlier, chief executive, remained cautious despite the share price rise. "We expect our markets to remain challenging, due to government austerity measures and the resulting public sector budgetary constraints," he said. Promethean has been hit as government cutbacks and the moribund pace of the recovery in western markets have hit sales of its technology. The company said it had spent £1.4m on restructuring costs in the half and had consolidated three sales forces globally into one. Promethean cut its interim dividend from 1.05p to 0.8p, payable on September 24.

[masurenguy] 22/7/2011 15:20

You could be right !

[offler] 22/7/2011 14:22

Todays drop might have something to do with RM.

[offler] 22/7/2011 09:07

Yes it's bad to pay too much but I can't consider the current price too much. Would expect difficult trading and maybe divi-cut to keep the company BS healthy. Anyway let's see what the next 3 years bring I suppose. Hopefully by then the austerity around the developed world will start to wind down. In at 57p.

[masurenguy] 22/7/2011 08:35

Looks like some people could be bailing prior to next weeks results !

Cool Technology? Use It, but Think Twice Before Investing

Remember how cool Smart Boards looked when they first showed up? Corporations bought them in the 1990s, but a lot of people discovered them years later when they started flooding school classrooms. With a Smart Board, seven-year-olds and CEOs alike can write on a screen for all the room to see. The inventor of the boards, SMART Technologies (Nasdaq: SMT), saw sales leap up for years before launching a successful $660 million IPO last July. But things went sour almost immediately. School budget cuts hurt sales, and increasing competition forced the company to spend more on R&D. The company expects 2011 sales to be flat to 5% lower. Shareholders have taken the brunt. There's a difference between great products and great investments. High debt, competition or just management's lack of long-term planning can turn great products into truly horrid investments. Moreover, some of the best-run of the great-product companies are dogs for investors when their share prices run up too high. It's hard, even with the niftiest gadgets, to ramp up profits fast enough to meet the expectations high valuations imply. High valuations tend to lead to big falls when the news is less than super sunny: like when a new competitor makes noise; or when the sales gain for a particular quarter isn't quite as high as promised.

[masurenguy] 18/7/2011 08:54

So it seems - don't know what the game was there ! SMT shares have fallen almost 50% since their results 3 months ago and are down 70% since their IPO a year ago. Whilst PRW are also down circa 70% since their IPO their recent price decline over the past 3 months has been far more muted at 19% !

Still out and sitting on the sidelines awaitng next weeks interims with interest !

[grahamburn] 18/7/2011 08:40

Price sorted itself out now

[grahamburn] 18/7/2011 08:25

Phoney mid-price way above bid/offer which has hardly moved since Friday close.

[masurenguy] 18/7/2011 08:09

Why the 7% mark up this morning with no news and less than 2000 shares traded ?

[masurenguy] 20/6/2011 17:39

PTH is an investment fund - Promethean Investments Fund LP - which has no relationship to PRW.

[bachellor] 20/6/2011 17:32

there are two promethean.. (prw) and (pth)

is one a sub contractor.. anyone have any ideas.. thanks

[masurenguy] 07/6/2011 17:26

I'm still sitting on the sidelines here having taken profits and exited on May 19th. SMT shares have fallen by 35% since their disappointing Q4 figures were released nearly 3 weeks ago. PRW have not faired as badly having fallen by 16% over the same period. Still convinced there is potential and future value here but, in my view, there needs to be some uplift in the US educational sector before it is worth buying in here again.