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is this lot for real?FD resigns and don t tell anyone about it?
Not sure why this wan't RNS worthy but at least gives some info; Q: Paragon Entertainment appears to have no finance director since the departure of Scott Dickinson. Could you give us an update on who is currently head of finance? A: Paragon�s former head of finance and company secretary resigned recently. The change resulted in a modest but manageable disruption. Mr Dickinson was promptly replaced by an interim head of finance, David McCabe, who has a significant amount of experience as a CFO and who will also assume responsibility for the company secretarial function. The backlog in the finance function has been addressed and the backlog in the company secretarial function is in the process of being addressed. Given the temporary nature of Mr McCabe�s appointment, it is not currently intended that he should formally join the Board of Paragon Entertainment Limited. We intend to appoint a suitably qualified permanent group finance director in due course, with the objective of strengthening the executive leadership team, further developing our systems, and supporting strategic initiatives.
You say irrelevant links, but why has he been removed from http://paragonent.com/about/board-and-management-team P.S. I am bullish on this stock, but not happy if the market has not been informed.
Was waiting for the convenient rumour take. LOL. Meaningless and irrelevant links. Love to know the source of these BS rumours, but bet none given. SP walked down on pitiful volumes. Not exactly a mass sell off. Jolly good call on sub 3p but will continue to top up and wait for the impending reversal. May live to regret it. LOL
if FD resigned, then failure to inform market thru RNS wd be difficult to justify? ...but sp action is enough to deter plenty imv
Is the recent fall related to the rumour in the city that the Finance Director has left. http://webcache.googleusercontent.com/search?q=cache:4la8OpEabh4J:paragonent.com/board-and-management-team/scott-dickinson+&cd=1&hl=en&ct=clnk&gl=uk vs paragonent.com/board-and-management-team/scott-dickinson+&cd=1&hl=en&ct=clnk&gl=uk Previously was FC at vetpartners limited. The market was informed about his share purchases previously https://investegate.co.uk/paragon-entertainmnt--pel-/rns/director-pdmr-shareholding/201612061527541188R/ https://investegate.co.uk/paragon-entertainmnt--pel-/rns/directors-dealings/201612010700096265Q/ Why hasn't the market been informed about this?
Looking seriously in danger of slipping below 3p. This is really making me scratch my head. with turnover of £15.7 million and profit over £1 million likely how is this not attacking buyers? Maybe its more to do with our national psychology and the fact that with Brexit people aren't feeling positive about "fun"!!!
so why fight it?
& cashflow is always critical
Or perhaps not. Good luck with your sub 3p entry but happy to keep adding at 3.6p. Don't think MMS will be able to cope with all the buy orders sub 3p and who in their right mind would sell BUT this is aim and so sp can be worked.
working capital? receivables? cashflow conversion? ...difficult to credit market reaction, but perhaps sub 3p beckons ?
Actually I tried to buy in the last five minutes of trading and couldn't get a price for any amount...so you may be right. Lower end of AIM is so bizarre. A really good company like Paragon, grows profitability, meets and exceeds targets and gold chasers sell. Market cap of below £7 million now. Bonkers.
AIM through and through....rainbows elsewhere. Numbers not big enough. Making money and building a global brand/company and the SP drops below the last lot of director buying. I wouldn't be at all surprised to see further director buying on the back of this drop.
Attractions design, production and fit out business Paragon Entertainment has again delivered a credible performance. During the period, Paragon successfully completed a number of projects including the Madagascar, Kung Fu Panda, Cloudy With A Chance Of Meatballs and Hunger Games attractions at Dubai Parks & Resort. It also completed the Cheshire and Manchester Fire Safety Centres, and refurbished the Pirates of the Caribbean attraction at Disneyland Paris.
Unbelievable. Great company doing great work and profitable and people sell out. Investors need their heads examining !
Babbler2 - Agreed. Steady and sure. Whats not to like. Not many of these in the snake pit. Directors in big too, and continually buy in with their own cash.
Not bad results, revenue more than mcap. Highlights - Revenue £8.0m (2016: £5.5m) representing a 45% increase on 2016. - EBITDA increased to £0.6m representing a margin of 7.4% (2016: 5.1%). - Gross Margin of £2.2m (27.2%) continues to improve (2016: £1.4m (25.8%)). - Successful completion of projects including Madagascar, Kung Fu Panda, Cloudy with a Chance of Meatballs and Hunger Games in Dubai Parks & Resort, Cheshire and Manchester Fire Safety Centres and a Pirates of the Caribbean refurbishment for Euro Disney. - Net debt of £877,000 as at 30 June 2017. Post period end a debtor payment of £1.7M was received in early August 2017.
Weak kneed wobblers have cut and run. I've topped up. Excellent company with a bright future
Lowrisk. Thanks for this. Good effort. It has all gone a little quiet on the PEL front. No news at all, yet we are due some. I can only good news ahead. Lets see.
Just a few morning comments after my visit to PEL and the AGM. The premises of Paragon are superbly organised. We visited 6 industrial inputs on the Elvington site. A large number of highly motivated people working on design, sculpting, painting, manufacture, delivery procedures. Importantly they have capacity to do about £18 million of work in current premises. Current forecast of £15.6 million holds for 2017 but my reading is that they are under promising and likely to over deliver! They seem to be able to react quickly to last minute orders too. We saw the construction of a giant bunny (14 feet tall!) for National Trust Scotland which was started on Monday. Will be turned around very quickly. Profit margins in all work targeted at 35%. They achieved around 25% in 2016 and expect to beat that this year. Of course they were unable to give figures but my impression from reading the room is that £20 million by 2020 target will be comfortably beaten. Lastly - it was interesting that David Bridgeford was there. He was in for the whole week. That's a lot for a non exec. Is his role going to grow?
to ?
Very good explanation of Cayman Islands and historic reason for being registered there
More than tempting. I know several who are topping up at this level. Always worth remembering that a pretty small amount of trading drives the price disproportionately . This has dropped back to real bargain basement territory for an exceptional growth prospect.
tempting?
to sell much below 4p...tp 12* 2017 adj eps?