The Pebble Share Discussion Threads

[seangwhite] 16/4/2020 11:07

The discrepancy in EV between Facilus and AIM does take a bit of head scratching as one of them must be wildly out.

[growthandincome] 16/4/2020 10:12

PEBB have a problem with conflict though cos Brand Addition directly competes with the customers of Facillis which means that they will want to spin it out as Facillis is worth what the whole of PEBB is valued at. I reckon they sell Brand Addition to the management again and focus on Facillis. Alt maybe has more upside as Facillis is valued 10 times higher right now

[seangwhite] 16/4/2020 07:10

Cash balance of £9.9m on 7th April looked sound in current environment but only came after a £7,7m loan drawdown in late March 20. Cash burn will be a worry for holders as its stock and receivables figurrs may prove harder in this climate to become actual cash for the business.

[growthandincome] 15/4/2020 17:39

PEBB has a great business in Facillis but might run out of cash in its Brand Addition division. Look at the cash burn and look at the drawdown of facilities. Management took $50 million off the table at the IPO.

[seangwhite] 14/4/2020 16:50

Let's hope for the sake of all that the return to whatever the new normal will be comes as soon as possible. Trump is obviously at present mad keen on a restart (or maybe he is just a bit mad). In any event the US election will provide a boost to the promo industry in the US.The valuation difference between PEBB and ALT is hard to fathom.

[northwards] 14/4/2020 11:23

Trump will lead the way in opening up the US, and that will be good for alt / pebb. The big question is how sustainable is the opening up and what impact will there be on promotional spending. I still feel the better upside by far is Alt.

[sphere25] 14/4/2020 10:24

Stock is breaking the downtrend with a decent move higher of 12% so far today. The bounce is clearly on. Looking for a move to around that 120 mark judging by some of the losses recovered by the wider market.

[northwards] 11/4/2020 22:36

Facilis was responsible for 34% of EBIT for pebble. And it's that business which is closest to Alt - and which hasn't, as yet, felt too much of an impact from Covid. Pebbles Brand Addition looks under big pressure in the short to medium term.

[seangwhite] 11/4/2020 21:12

North how would you rate the PEBB business Facilus to AIM as the difference in valuation of the two quoted companies is striking.

[northwards] 11/4/2020 15:41

Sphere, I think the alt Martin Varley sale last year was very poorly handled. Management did raise expectations very naively but I think they have learnt their lesson.Pebble valuation of £130m v alt valuation of £17m. I think this disparity is more helpful to the latter.

[sphere25] 11/4/2020 15:08

Been very vocal on ALT warning on it all the way down from over £1. I didn't trust the directors with their jam filled misleading communications whilst one pocketed vast sums. It played out even before the current virus crisis with the stock making regular lows and threatening to plunge further. They need a reset there and tone down expectations.

The valuation had now recently been smashed to levels where someone could clearly take a highly speculative position, but even still, it's high risk with the behaviour of the directors. It's all about trust.

Don't know enough about this one to comment on directors etc. I'm only posting from a short term trade perspective. I took a small position at 80p on Thursday purely because I'm looking for oversold trades at the moment which are due a bounce.

The director buying is a positive, and if it had come out prior to the close, would have bought a few more so might be chasing a few like a lemon on Tuesday - illiquid and was hard to buy in size on Thursday afternoon. Nonetheless, that is an enormously oversold chart and thus there is surely a bounce on now, just like the majority of stocks which have been oversold to this extent.

[seangwhite] 09/4/2020 20:01

How do folk here rate PEBB against ALT as both seem very similar.

[minsim] 09/4/2020 17:30

A great looking opportunity and looks oversold with all things Covid-19 going on around us.

Not even a discussion board for this stock so pulling one together today as can see the Chairman, CEO and others increasing their stake following decent results yesterday, hopefully boding for something interesting next week!

[minsim] 09/4/2020 17:25

The Pebble Group, a leading provider of products, services and technology to the global promotional products industry