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something
this could do a sharp spike up :-)
Another 1 million buy shown up keep em coming
Very tight spread, unusual here of late and suggests mms looking for shares. Must be background buyer again??
Being shown as sells
if Paragon win contracts for this building the exhibits OH BOY! http://www.thenational.ae/uae/tourism/construction-to-start-on-infrastructure-for-dubai-expo-2020-site
or COO ahead of news of winning contracts for Dubai World EXPO - its just so obvious. they probably have to get bidding in now to win work to build attractions and models for the EXPO.
Typo �40k
Assuming same buyer �30k spend last 2 trading days. Director???
1 million buy - someones accumulating
Bagging from here -the material news will be the winning of Dubai EXPO work
Wonder if thats a buy from the coo new director? I suspect it is..
coming here thanks to DUBAI WORLD EXPO
Fridays SP was 'odd' and that big buy is the reason - Director?
orrect.Their internal capacity is currently �13-14 million hence me using �13.5m. This is recruited for with sub contract at a minimum. Obviously the tricky area for the future is regarding mix of works where more complex model making etc results in sub contracting out. The new COO is also trialing new 'production' methods which if successful could reduce assembly time on the wood working and landscape items. (lower margin work). Aside from that they must be very confident in the confirmed order book as 'staffing' up in readiness carries increased risk in that any delays to contracts results in a more adverse effect on the bottom
Apols I missed a really important summary point. Rather than staff levels being reactive to Sales. ie. sell it then recruit, train up and make it, resulting in possible lost Sales due to capacity constraints, Pel have reversed and become pro-active, increase (hands on) production capacity and train staff with the emphasis on Sales then filling capacity. So maximum (excluding sub contract) production capacity is circa �13.5M subject to mix. That probably explains better the reasoning for the COO
Feedback via PJ on advfn There should be a response via Q&A explaining the Director remuneration 'increase' in 2015 which is not perhaps as it appears. Hopeful of pipeline and contract order book levels published in HY 2016 20/2020 re-iterated as an achievable target. However, Co understandably taking a cautious approach and were guarded as regards EBITDA/Profit levels although that would probably have been inside information? Margins fluctuate by project and geographic area (UK currently lower than usual. MENA region higher). Hence some more digging for me to do in the future on EBITDA and Margin. Emphasis on repeatable projects (e.g. at franchised operational Business). Internal pressure to increase Gross Profit. The new COO has made an immediate impact that's clearly seen with revamped work flows and systems and importantly freeing up other Directors for amended roles. New/rearranged staff departments and lines of responsibilty. The new (automated) machinery is to increase capacity not just a cost saving exercise. Evidence of modern methods/technology including 3d printing and automation of scaling up of approved models. Increased unit space,, and staff with lots of WIP, mainly Dubai Park, MAF and .........Coronation street. Unfortunately the bar in the Rovers Return was totally dry. Nor was Annie Walkers ghost in attendance. Staffing levels now +120 (unsure if that is full time equivalent or not, or is a head count) up from circa 100. Total change in Directors body language from 2 years ago. I will do a fuller write up when time permits. As always usual disclaimers apply. DYOR etc. PJ
With strong contracts in MENA and dubai world expo coming I'm expecting PEL to take full advantage! Lots of emphasis on sales now! Will minimum do 100% from here
Blue...an unfamiliar colour here.
where are the presentation slides
what is it investors don't like about this company?
and business is bigger and improving
what do they have to do to make it go up
Shoudl get some feedback on the pel chat later form our man attending the agm.. Solid so far.
Not an oilie Not a miner Excellent enthusiatic BOD Passionate about what they do Revenue from international contracts hence more bang for buck - weak sterling Recurring servicing revenues of attractions Motiongate in Dubai set to open Oct 2016 Cash in, debt reduced