The Pebble Share Discussion Threads

[czechflashf007] 05/1/2021 08:13

Chairman drops another £150k on Pebble stock. This mgmt team has done nothing but INCREASE their holdings since IPO. They believe in what they are building with Fascilis.

[northwards] 30/12/2020 14:18

Czech - interesting take. My view is Alt offers far more upside, but comes with more risk given where it's at in its development cycle.

[czechflashf007] 30/12/2020 12:24

Recent software acquisition is an interesting development. Pebble (via Fascilis) is currently very good at helping its clients navigate the back-end of the industry, sourcing,e-procurement, virtual buying group. This will round out the offer to provide high quality, integrated, customer facing websites too. Fascilis will now be able to provide an end-to-end software offer for its clients = higher fees across more partners. I think partnering with Fascilis will become table stakes for mid-sized promo goods distributors given the scale of the procurement savings on offer. Current partners of <200 could easily be 1000 in 3-5 years time. And this is a high margin (>50% EBITDA) division. Client retention is 100%. People talk about Altitude on here as a competitor to Pebble - don’t have a strong view on that one, but would observe that PEBB has just invested almost half of ALT’s market cap on improving its customer offer - I think they are playing a different game for higher quality, bigger clients. As an aside, since IPO management has only done one thing with its shares... buy more. That’s pretty rare.

[czechflashf007] 28/11/2020 09:31

Pebble Group is my number one personal holding. Brand Addition is a good business. Trusted partner to the likes of Google and Unilever, grows MSD% at c.11% EBITDA margins. Competitive advantages are quality of service/design and global ESG sourcing credentials. The reason I’m so excited is the Facilis Group software platform which provides e-procurement, virtual group purchasing and (in future) webshop support, to a target addressable market of 2,000-5,000 mom-and-pop promo goods suppliers with revenues in the $2-10m p.a range. This platform is much more sophisticated and the discounts it generates from preferred suppliers (by concentrating volumes) much more meaningful than any other product on the market. The subscription fees pay for themselves very quickly once a client has signed up. This is allowing it to grow its client base from 149 at start of 2020 to just c.180+ projected by end year with platform spend >20% YoY. And this is an >50% EBITDA margin business! Management targets >1,000 partners eventually which would underpin a share price 5x plus higher than today. Management are good and invested for the long term. Anyway, just a view, but a high conviction one.

[energeticbacker] 27/11/2020 12:33

Featured in Investor's Champion update: Pebble Group confirmed it is firmly on track to deliver in-line results and further advances its ESG commitment.

[kemche] 26/11/2020 13:58

A smidge for me.

[northwards] 26/11/2020 12:12

I wouldn't disagree with alt but I think they are growing up now. £10m market cap could prove a steal.

[sphere25] 26/11/2020 10:56

Been a perennial jam giver ALT. Warned against ALT when it was trading over £1 when everyone was bullish. They just lie out of their teeth all the time, promise the world and deliver nothing with forecasts pushed back a year last time I looked in pre crisis.

The founder was giving it the large and lobbing loads himself and then had the audacity to knock us bulletin board posters and tell us we don't belong here. Clearly must have had alot of time on his hands to be checking in what people on the boards are posting. Anywho, you can have a read back of the posts there if you want. Just take a sceptical eye to what they say at ALT imo.

Mainly highlighted PEBB because there was absolutely enormous buying and clearly those buyers weren't messing about in that sort of size. You can see abit why now.

[northwards] 26/11/2020 10:28

Sphere - strong read across to ALT. You could still benefit there.

[sphere25] 26/11/2020 10:20

Moved well from when highlighted, about a 34% move now. Another nice laggard play.

Up 10% on what appears to be a bullish sounding update despite being in line. Regretting my smaller profit sales here earlier on, wasn't sure if the first vaccine news from Pfizer was going to sustain the rally with so many unanswered questions.

Clearly alot smarter folk than me held on. Never follow my sells, best I don't post them ha

Well done!

[tole] 17/11/2020 14:02

20k at a 4p premium to the ask

[sphere25] 09/11/2020 16:22

Upgrade from whopping exchanges to MONSTER exchanges ;-)

Someone is certainly keen with those enormous buys at 75 after mopping up sells at 71!

[sphere25] 09/11/2020 15:07

Whopping exchanges at 71, clearing out sellers here like HSW at 50?

[sphere25] 09/11/2020 14:27

This one hasn't rallied with the market yet either

[seangwhite] 20/10/2020 18:57

I think we will see a slow downtrend here as its a hard market out there in the Promo sector.

[seangwhite] 24/9/2020 12:00

Yes it seems a bit fishy maybe more like 'cod'

[abarclay] 16/9/2020 16:23

Looks carp

[energeticbacker] 16/9/2020 16:14

Pebble Group: big Covid hit but some encouragement as well.

More on the Investor's Champion website.

[seangwhite] 16/4/2020 21:06

My bet is on PEBB needing correction as they are not cashflow positive and tight on banking headroom with that recent large drawdown. ALT has actual cash to hand, not debt, and was cashflow positive prior to CV time.A sharp recovery in the US will help both of course

[growthandincome] 16/4/2020 13:17

Agree on EV discrepancy just wish knew which one was wrong.

[seangwhite] 16/4/2020 12:07

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 11:12

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