Promethean Share Discussion Threads

[philjeans] 19/10/2010 11:27

Some serious buying this am; looking good for a massive recovery here.

[hamidahamida] 14/10/2010 13:05

PRW m/cap 225 million double digit growth rate
founders have not sold any shares on flotation or since flotation

Consensus profit forecast
2010 pretax £34.30
2011 pretax £39.74

lets see if they can deliver on these forecasts next update will tells us a lot more

[penny share] 12/10/2010 21:12

I listened to a presentation given by the CFO at a LSE seminar in Liverpool a few weeks ago, the USA looks VERY exciting for the future.

[nurdin] 11/10/2010 09:32

added this am...reckon the selling is well overdone.UK accounts only 10% of their revenue..and China beckons.

Can see these moving up fast ahead of the results...

[daz] 11/10/2010 09:09

2 100k trades gone through this morning, looks like a matched bargain as the prices are the same, perhaps a sign that the overhang is going.

[the other kevin] 07/10/2010 14:02

Tipped as a buy by TMF today.

[simon gordon] 07/10/2010 11:45

CEO interviewed in the Mail - 23/9/10:



....the company's real opportunity lies beyond its current Anglophone strongholds. The Chinese school population has, for instance, mushroomed to an astonishing 300m.

And with Beijing and other emerging economies now ploughing more of their wealth into teaching, 'the West can no longer boast a monopoly on the world's best education systems'. Despite their straitened circumstances, the developed world will have no choice but to respond.

'There's a recognition among our politicians that education will be absolutely crucial to us,' he argued.

'The US really wants to propel itself back into a leadership position to ensure that in 20 years time it still has the best engineers and scientists in the world.'

The grand vision of wirelesslyconnected and internet-enabled classrooms, however, stands in marked contrast to its performance since making its March stock market debut. Charlier claimed to have no regrets about pitching the £400m float at what now looks like a grandiose 200p a share. He points out that Promethean and his advisers at Goldman Sachs could have sold three times as much stock to investors.

Its recent travails are merely down to the looming budget cuts, which are a 'recurring theme' with investors and City analysts alike, he said. Yet to some critics, Promethean's float bore all of the hallmarks of an offering destined to struggle after taking its bow.

Like Ocado, Goldman Sachs played a central role in stirring up an interest in the company, and swallowed a healthy slug of the £9.6m in fees. Again like Ocado, the float was partly designed so that its initial backers could take some of their money off the table.

The bulk of the £185m proceeds went into the pocket of Apax Partners, who sold down all of its 25 per cent stake in Promethean, named after the character from Greek mythology who stole fire from the gods.

One crucial point, however, is that Promethean's management team sold very little stock in the March offering. Charlier, a former chief executive of FTSE 250 firm Colt Telecoms, and chairman Graham Howe, a founder of the Orange mobile phone, have between them invested £10million in Promethean over the years and own a joint holding worth around £30million.

More telling still is the fact that Tony Cann, the high-tech entrepreneur who founded Promethean in 1996, has retained a 40 per cent stake worth nearly £150million and still has an input into product development. Cann's 'eureka' moment came in the mid-1990s when one of his daughters was studying to be a teacher.

He realised that a tablet computer he had developed for architects and designers could revolutionise classrooms.

Like many entrepreneurs before him, he set to work in his garage on a prototype whiteboard, slowly building up the business before installing a management team in 2005.

'Tony has the vision,' said Charlier. 'He now spends half his time working on product ideas with our engineers and the other half in classrooms up and down the country.'

Promethean will need every shred of its founder's visionary instruction during the great public spending squeeze to come.

[offler] 07/10/2010 09:01

I don't think so looking at the trades nothing amazing stands out other then the fact that you can tank this stock with £50K. Seems a whole bunch of stops where hit maybe?

[mg1982] 07/10/2010 09:00

Fish we seem to be following the same boards :-)

Bought some on the order book at 108.5 - I have a close eye on these as cant see what has spooked traders - tight guaranteed stop loss for me.

either us or the big guys were reading the wrong RNS

[fishbournetrader] 07/10/2010 08:56

Fallen 5% today. Someone doesn't like this. Do they know something that the rest of us mugs don't?

[offler] 07/10/2010 08:53

Can't find one, seems to be slowly recovering.

Amazing value.

[ollyb10] 07/10/2010 08:38

Any reason for this drop - this still looks so undervalued to me!

[chickcrumbs] 06/10/2010 20:21

Maybe a triple bottom is on the cards?

[jimelson] 06/10/2010 19:59

Yeah man freaky ha....must have been literally seconds apart! snap

[simon gordon] 06/10/2010 19:23

That is a freaky snap :-)

[simon gordon] 06/10/2010 19:22

Write up on the Fool - 6/10/10:



Promethean World is the world number two in this growing market. Incidentally, the number one, Canada's Smart Technologies, has also seen its share price slide since its own IPO in July, presumably on similar fears.

Obviously both companies face new competition, but Promethean World is trying to build a moat both with a newer segment called Learner Response Systems, which enables a teacher to poll the class, and where it's the global leader. It also has a massive online collaboration community called Promethean Planet, which features material from the likes of Dorling Kindersley.

With the P/E of 10, decent growth, net cash of £16.2 million, and a very well-covered maiden dividend yield of 2.5%, Promethean World offers growth at a reasonable price. In addition, if growth returns to anything like previous years, the shares should soar on a re-rating.

[jimelson] 06/10/2010 19:22

Just a note from the fool

[chickcrumbs] 06/10/2010 17:03

not so nice finish

[madfool2002] 27/9/2010 16:30

nice finish

[nellie1973] 16/9/2010 16:41

Buy on fear this one. Anyone would have thought that the half yearly said "profits fell by 43%"!!! Obviously not the case.

[mikeelkin] 16/9/2010 15:17

I suspect the fall could be due to the fact that is going to be booted out of the FTSE 250 on Friday and institutions / tracker funds are selling in anticipation.
Could be wrong though.

Mike Elkin

[goofball25] 16/9/2010 14:07

thanks for that SG. i have added on today's fall. very odd one this one, markets doesnt like it, which is not a bad thing long term.

[fishbournetrader] 16/9/2010 13:57

This is on my watch list and I can't see much wrong; growing sales and profits albeit with a slight reduction in gross margin which the company puts down to a change in the sales mix and some special offers. There is also some money in the bank. So why the continuing falls?

[ukinvestor220] 16/9/2010 08:23

cheers Simon - interesting comment