Public Recruitment Share Discussion Threads

[tiltonboy] 23/2/2007 09:15

Sleepy,

Hopefully they will soon be at the same end....the top.

tiltonboy

[sleepy] 23/2/2007 09:00

Well Tilton in terms of excitement I guess PUG is at one end of the spectrum and NAD at the other.

[njp] 23/2/2007 08:56

I'm flabbergasted, tb!!!

[tiltonboy] 23/2/2007 08:54

What's this, an upward movement in PUG!!!!!!

There is an analysts meeting at 9.30 next Friday, after the results.

tiltonboy

[pictureframe] 13/2/2007 15:53

down again, another 100k unloaded. just watching and waiting

[vida] 13/2/2007 09:57

Pictureframe - I think you are right. The trading statement was positive, and the commitment to pay down debt is key. Capitalisation to sales ratio of approx 0.1. Getting more interesting again.

[pictureframe] 08/2/2007 12:41

another big sell way below current price. If you are patient you may pick up a bargain here

[sleepy] 06/2/2007 17:17

If it is not the Strathclyde holding, it could still be a Gartmore holding which may include the Strathclyde holding

[sleepy] 06/2/2007 16:36

Sorry Kimboy - you are quite right. I had forgotten that announcement.

Tilton - Probably - he needed a lot of luck to get his century.

[tiltonboy] 06/2/2007 15:49

Sleepy,

At least we won the cricket!!!

I think EJ has done enough to make the World Cup squad, even if Vaughan is fit.

As for PUG, can't somebody come along and put them out of their misery.

tiltonboy

[amberspyglass] 06/2/2007 15:05

HLO has been buying quite a few small businesses which typicall sell for between 1 and 3 x annualsied gross margin. bigger businesses are going for multiples of 7-10 on post tax net profits.
pug has a dangerous amoutn of debt (downturn in social work or teachers = doom) which is ipmacting on share price. if they can get rid of one of their division snd elimiate a substantial part of debt there share price may rise disproportionatelty.

[kimboy2] 06/2/2007 14:21

I don't think it can be Strathclyde. They announced on the 15th January that they didn't have a notifiable stake;

/

A 3% holding is 987k shares.

I think we can also rule out Quiros as a seller. I also don't think our former chairman has 1m left. The only one remaining is Baird's.

As it is over a 3% holding I presume an RNS will be produced for the seller and the buyer.

[sleepy] 06/2/2007 13:35

I think Strathclyde might be the seller.

As the buy and sell prices seem to have been the same, it is possible that the buyer is closely connected to Strathclyde or Gartmore.

[kimboy2] 06/2/2007 11:59

There are by my reckoning only two shareholders with over 1m shares so presumably it is one of them selling.

NSR is another interesting comparison with PUG. It is a bigger company but has a proportionately similar level of debt to PUG but a rating well in excess.

I suspect that PUG is now more prey than predator but I don't think offers are going to be attractive enough to make them worthwhile. HLO has been buying on very low P/E's.

[amberspyglass] 06/2/2007 11:08

poor sod who just sold... NSR are on the hunt - they may well buy the social work business

[its the oxman] 23/12/2006 23:32

hope your right- been a long time waiting here

[jeff h] 19/12/2006 20:34

Looks very promising to me...I added another 25k

[its the oxman] 19/12/2006 13:59

understand edison forecast 2006 4m ptp and 9.7p eps then 2007 4.4m ptp and 9.4p eps

if correct pug looks very cheap but share price performance remains very frustrating to date.

not sure what the catalyst is going to be here.

[tiltonboy] 19/12/2006 13:28

I think if the balance of the Goodman stake gets shifted we might see a decent rise in these.

Come on Bridgwell, earn your money.

tiltonboy

[stemis] 19/12/2006 12:10

Public Recruitment Group plc
19 December 2006

Trading Update

Public Recruitment Group PLC (the 'Group' or 'PRG'), the public sector
recruitment and services group specialising in the education, healthcare and
social work sectors, announces a pre-close trading statement ahead of its
preliminary results for the year to 31 December 2006.

The Board is pleased to report that the encouraging performance seen in the
first half of the year has continued in the second half. Organic revenue is
broadly in line with 2005 and the conversion of net fee income to operating
profit has improved during the current year.

[amberspyglass] 11/12/2006 07:14

does it suggest a share price adjustment is due?

[vida] 08/12/2006 14:46

Yes, sorry, I was just doing that and returned here to apologise for my indolence as I was just about to download it!! Apologies

[tiltonboy] 08/12/2006 14:38

vida,

Go onto the Edison website and download it.

You will have to register.

tiltonboy

[vida] 08/12/2006 13:48

Tilton - any interesting features to this note? TIA if you have it.

[tiltonboy] 08/12/2006 10:24

12 page note out from Edison Research.