Public Recruitment Share Discussion Threads

[purav] 25/9/2007 18:49

yup good buying opp!

[nickcduk] 25/9/2007 09:58

Results were decent enough I thought this morning. Debt is being reduced nicely and once the exceptional items start to fall away it will become more apparent to investors how cheap PUG is at current levels. It also has strong defensive qualities versus the rest of the wider recruitment sector.

[stemis] 25/9/2007 09:46

Surely 2 x EBIT = £5.67M

Less notional 30% tax = £3.97M

10 x taxed EBIT = £39.7M

Less debt of £12.8M = £26.9M EV

Divide by 45.108M shares = 60p

Has been cheap on an EV basis for quite a while and at the moment the market doesn't look interested.

[purav] 25/9/2007 08:42

Annualised "non exceptioanl" pre tax profits £4.4m

Debt £12.8m

Assume PE of 10 for enterprise value = £44.4m

Less £12.8m

= £31.6m value

Share price looks a bargain!

[supreme mo] 10/9/2007 21:01

Totally agree mate, thinking about adding more... if I can get them cheaper than mr j then I will keep buying!!

Not much info around on this co....

[nickcduk] 10/9/2007 11:13

Ive added a few more today. Obviously a big seller is behind the recent move lower. 100k was on offer at 36p which suggests it may take a little while yet to clear them out. Results should be out soon which should generate some interest hopefully. We should get a better idea of what kind of underlying earnings the new business is capable of. I think about 8p in a full year is achievable which makes the shares far too cheap imho.

[supreme mo] 10/8/2007 21:57

I added more today on the basis of the above

[supreme mo] 10/8/2007 21:57

Public Recruitment Group plc
("PRG" or the "Company")

Re Board Appointments


Further to the announcement released on 25 April 2007 stating the appointment of
Luke Johnson and Dennis Hall as Non-executive Directors of the Company and
Daniel Urmson as Group Finance Director, PRG notifies the market of the
following information required under paragraph (g) of Schedule 2 of the AIM
Rules for Companies:


Full Name Age Current Directorships / Partnerships Past Directorships / Partnerships

Dennis John Hall 42 Cerillion Technologies Limited RR International Limited
Alan Paine Knitwear Limited JDR Composite Solutions Limited
Granville Private Equity Spain SA SGECR

Luke Oliver Johnson 45 Cedar Pharma Limited Acquisitor plc
Elderstreet VCT plc Acquisitor Holdings Limited
Giraffe Concepts Limited Assembly Theatre Limited
GRA Acquisition Limited Integrated Dental Holdings Limited
Interquest Group plc Keel Haul Limited
Interquest (UK) Limited Healthy Living Centres Limited
Risk Capital Partners Limited Signature Restaurants Limited
The Cobden Club Limited Third Stage Productions Limited
Seafood Holdings Limited NewMedia SPARK plc
Patisserie Holdings Limited STS Flooring Distributors Limited
Patisserie Valerie Holdings Limited J2C plc
APT Controls Limited
Superbrands Limited
Channel 4 Television Corporation

[supreme mo] 25/7/2007 20:19

Still waiting for an update.... a few sellers of late, but not concerned... if Luke Johnson is willing to pay 40 odd p for stock, can't see these dropping lower to be honest..

GL all

[tltiling] 17/6/2007 13:39

does anyone know anything about tca futures, some one asked me about their
training course, train to be a remote dealer,can anyone help?
thanks.

[supreme mo] 17/6/2007 13:34

30k (between me and the mrs). If the forecasts eps of 9p are even close, as I said before, this co is dirt cheap.

Do you know when results are out or when or if we can expect a trading statement in the near future??

Ta mo.

[purav] 15/6/2007 20:25

I hold about 50,000. How about you?

[supreme mo] 15/6/2007 19:04

;-) must have read it wrong!!

How many do you hold??

[purav] 14/6/2007 12:45

Thats what i said

[supreme mo] 14/6/2007 12:38

do you mean half empty??!!

not much research out on this co, any broker forecasts??

[purav] 14/6/2007 10:00

The prior management had a tendency to say the glass was half empty, which I believe impacted the share price unduly.

[its the oxman] 14/6/2007 09:24

holding tight myself - difficult to predict but i suspect further positive news is on the way.

[supreme mo] 14/6/2007 09:19

agree, screen sizes strong at the mo, can sell 30k at 46.25 and only buy 15k at 48.5.

if forecast eps is near 9p, then these are on a p/e of just 5 at this current price!!

These could move quite sharply soon if any sort of good news comes out.

[amberspyglass] 25/5/2007 13:30

he would not be in this if he was not confidnet 200% plus return

[supreme mo] 23/5/2007 17:03

Hi guys, all a little quiet on here. When should we expect a trading update or luke johnson's strategic plans??

I think long term holders will be rewarded

SM

[mjcrockett] 14/5/2007 16:27

amber, Thanks for the link. NB You need to space the comma away from the link else it does not work.

MJ

[amberspyglass] 14/5/2007 13:44

have a look at which is run by these guys
Should give you confidance
Looks real good

I'd love to know what went on at the board meetings when the shares were cancelled.

[kimboy2] 30/4/2007 17:37

Easy come, easy go;

[supreme mo] 29/4/2007 20:38

Luke Johnson wouldn't be paying a premium (at the time) for shares if it wasn't worth his while imho. Plus he wouldn't be risking his reputation on a co like this if he didn't think that it was going to work. This guy is the chairman of channel 4!!!

Over time it will be interesting to see what these do, I am personally very optimistic hence my recent large buys!!

I think the upside is massive and downside limited from here.