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yep i will add every month
On target to meet forecasts but the following line confirms the possibilityy of exceeding the forecast Our contracted order book is progressing well and our potential pipeline is at a record level for the remainder of 2016 and beyond......
Half year 2016 results will be released by the end of July 2016 and will show the following results: o Revenue: £5.536m o EBITDA: £0.282m o Profit after tax: £0.106m o Net debt: (£0.246m) · Previous board guidance for 2016 of revenue of £11m and EBITDA of £0.5m remains unchanged All on track at halfway point Should hit 12 month target Will this give sp a boost today?
Steady as she goes.
Is tomorrow, lets see what feedback we get.
Exactly - i think this will surge up on interims plus it's got revenue in Usd and Eur and the middle east currencies , primed to take off I reckon. Management keen to get near 1mill ebitda over 12 months under new incentive scheme. Shares held in trust so sticky shares. Mms gonna be short of shares if volume comes here. Wonder who pel consider to be their main competitors?
Thanks draft, been very queit here and painfully slow of late. Yet pel are very busy completing large contracts some valued at double the mcap. Hope my patience will pay and they will exceed the forecasts this year.
Is showing as a sell I've been adding since last week
Im trying to find out if the half year results will be in July. Last year they were 23rd July but in the previous 2 years they were in September so its not a given unless you have had it form the company??
For H1 due in couple of weeks - hopefully be prior to AGM on 21st July , will give a good indication on how Pel is progressing.
As i predicted on pel twitter the 2 x 2mils were a transfer. Rns director transfer to his pension pot. : ) All good, still under valued here with mcap at just £3mil imo.
Good to see more buying today, slowly moving in the right direction. H1 update in few weeks?
Seems we have a buyer in the background this week.
A stellar day here in the circumstances.
Wonder in thats director buying?
Q&A Forum Brexit and our view of the implications for Paragon 24 June 2016 Along with the rest of the UK, Paragon finds itself in an uncertain and volatile new world. Not being expert economists, we will refrain from commenting on the impact on the UK and world markets. However, we have thought about the impact on Paragon’s business. Implications for Paragon With such uncertainty it is difficult to determine the impact on Paragon but, so as to guide the company, we consider the following as important: Short term (over the next few months) the news is largely good: In the short term, many of our contracts are pegged to the US dollar. This should provide us with a modest short-term cash fillip until the new contracts are renegotiated. However, it will only last until new contracts are negotiated at lower prices. When we compete for new contracts, we will be more competitive because of the weaker sterling. This will enable us to win more business. Medium-term (until Brexit is finally renegotiated) the news is largely neutral: We are an exporter notwithstanding that we may lose our pricing advantage against European competitors if the Euro continues to weaken. We will remain competitive when compared to suppliers from US dollar-related economies. We will pay more for US dollar services and supplies, some of which we import but fortunately these imports are modest. While the value of Paragon may not be fully appreciated in a volatile stock market, it is helpful that we are exposed to export markets rather than the local economy. Long-term (post-Brexit), the news is mixed: It will probably be harder to do business in Europe if there are some form of capital controls (taking a little longer to get paid) and regulatory limitations (ensuring that our product is European compliant). It will probably be more expensive and harder to travel within Europe making installation more expensive. Certainty will enable investors to make clear decisions and this will create a more stable operating environment for the business and re-evaluation of asset prices. Next steps We are reviewing Paragon in light of the above by being decisive where a decision is obvious, exercising restraint if we are unsure, and generally remaining as flexible as we can within the overarching objective of staying committed to our current course of business. We have immediately commenced a strategic review of sales and marketing to adapt to changing opportunities. We will obviously continue to consider the overall impact on our business over the coming months. Summary From a Paragon perspective, our staff will not be affected by this in the short term and it could even lead to increasing opportunities for them. Our clients will not be affected because they will find that, as we become more cost-effective, they can continue to rely on us for our outstanding work. Our suppliers from the UK will likely benefit, albeit only modestly,
Some guy bought at 10.45 sold at 10.49 MM's mark it down 5%, on a £340 trade shocking
No incentive in the incentive scheme! What shall we do? Change it into a more favourable arrangement. Lets hope this new scheme is better than the first one for the privileged few, who in their right mind agreed to a discounted cash flow calculation on a company with constant negative cash flow?!!
You still invested here?
set up perfectly
"We resolved a contentious contract with a client and, although our H1 2015 EBITDA suffered a negative effect of approximately £0.6 million, we managed to contain any further exposure to Paragon." H1 2015 absorbed a lot of any profits from my understanding which were largely offest by the tax credit and one off sale so 2016 H1 results should provide everyone with clarity on how the business is actually operating without these issues both positive and negative. From my conversations with MP, the margin from the revenue over £8m goes straight to bottom line as overheads largely fixed. That means £11m revenue on 25% margin gives £750k profit. Forecast is £500k but they are looking to underpromise and overdeliver this year so from my understanding there is scope for a positive surprise to the market perhaps when H1 results land.
I see that profit or even their favoured metric EBITDA is still pretty meaningless, without the one off HMRC settlement shenanigans dropping onto the P&L page and a tax incentive payment they actually made yet another loss of £105k. Either way, if you believe the headline profit of £601k or the EBITDA figure of £240k or even the in real terms loss of £105k it doesn’t explain how they had negative free cash flow of around £400k and that’s with the Tax credit and one off income from a sale of Property etc., without them negative cash flow was as they say near to £700k ……. But at least that is consistent They need an injection of funds, IMO
If your name is anything to go by I would expect better from you......a profitable company on AIM with large director holdings. . . . . . .I think its anything other than dead don't you?
Well put early bird and just a short come back on "this share is dead". If it was dead it would have rampers and chancers throwing their weight around on bulletin boards trying to engineer a spike. As it is the board has given us the results we wanted and is fully engaged for the rest of 2016. Remember that they have all the work they can manage this year so assuming they continue to improve profit margins we should be looking at a different beast in coming months. A very strong chance this will break 2p in coming months and I fully expect 3p this year
this isnt a share for traders and I think everyone knows that. "flippers" hmmm this share hasnt had a placing in many years as its profitable so not sure if you have your wires crossed? lol. Flipping is when placees sell their discounted shares straight in to the market.... Cheerleaders yes but most certainly welcome if what they post is honest and factual. 2015 results look solid here, profitable by every metric and 2016 H1 results (going off last year) will be released in about a month or just over. H1 is still on target and the forecasst was £500k EBITDA so in theory PEL has already exceeded 2015 profits as we stand at this point in 2016. In my mind for a growing business such a valuation of 10 times earnings is fair which would mean MC of £5m or 3p if 2016 forecasts are met. Thus 3p my target here by year end. Dont see much risk from current levels.