The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just knew it......waiting for a measly penny drop to buy in, then whoooosh!, sods law and all that. Good Luck DD
good timing...much better than me ...seems cheap, but I don't like these businesses with prima donnas lol
...and the ask rising. RAMP RAMP RAMP
Thanks for your views Re: IPO's etc. Waiting to see if it drops a tad more to 135. Good Luck DD
Mine is the monster buy. I liked the reviews by Paul Scott and El1te, unusual to get the opportunity to buy at a discount to them and so close to TNAV. I will add if it falls. I'm not sure what may occur 'chart wise' if it falls below 132p? Chart is distorted by consolidation so support levels seem irrelevant. Disco/Libero - I'm not too concerned regarding the IPO bubble burst, if you have a look at the recent transactions section of PMR's website you can see that they brokered less IPOs in H1 2014 than they did in H1 2013...but the trading statement said profit had risen. The implication being that revenues are growing significantly elsewhere within the business. Happy with most aspects here. For balance, the main negative imv is the lack of director buying - if this is cheap, why don't they fill their boots?
Patience never hurt. I'm confident this will re rate nicely in the latter few months of this year :)
miserably wrong then lol
Lovely ol' El1te posted an article touting PMR as a Strong Buy the very same day I bought in (and you jolly) - what a coincidence is that?! http://www.theel1tetrader.com/2014/07/panmure-gordon-co-sector-discount.html
and other insiders eat most of everything (look at the lovely bankers lol) leaving us poor dummy money taking the risk and receiving the scraps...so only exceptional value tempts me to make a modest punt ...it is not a sector for external capital imv...bring back partnerships,,,the City worked must better then imv
Jolly, I'm really pleased you bought in. It reaffirms my pick. And not a problem mate - I've got to pick a good 'un eventually, right? haha What do you mean about the insiders cleaning up? didn't get that Also, if this is exceptional value, then why have you given this a weak buy? (as opposed to a strong buy) VBR, Dan
FIRST POST: "Yep just bought some PMR shares myself at roughly the same price. Thank Paul Scott - he's the one who drew it to my attentio in the first place. PMR’s PBT rose 95% last year but, according to Paul Scott, the real figure is more like 400-500%. Yet somehow PMR’s share price has barely moved in 12 months or so, despite many of its peers doubling in price. PS reckons this is cos ARDN, WHI and – more recently – CNKS has got media attention whilst PMR has stayed under the radar. Today’s RNS is not the first incredibly positive trading statement. That, along with Panmure Gordon’s name cropping up in loads of deals, means that he reckons PBT will rise to £3-5m this year and that then it should start attracting some media attention and re-rate. Additionally he reckons that they will resume paying dividends in 2015 also – which often really gets a share on people’s radars! The comparison against its peers is stark – just look at the graph (scroll to the bottom): http://www.stockopedia.com/content/small-cap-value-report-21-may-2014-rm-aph-act-mbh-sea-pmr-83528/ And this reminds me of another PS pick – Networkers – which is a recruiter that was v cheap against its peers and recently shot up 30-40% up in no time! The only bad point I can see is that the IPO boom has ended but, nevertheless, I think PMR will deliver earnings growth surprises all in all and re-rate according. Plus £18.2m in tangible net assets accounts for over 70% of the MC and thus there’s a good margin of safety there. What’s not to like?" SECOND POST: http://www.stockopedia.com/content/small-cap-value-report-10-jul-2014-lvd-shft-pmr-bmy-84679/ He says that the 500% rise in PBT is probably unsustainable as the IPO market slows down but this is very clearly worth buying. He says he expects a divi to be paid for the first time since 2008 by the end of this year, and concludes with: "I think it looks very good value, and is a big name broker. It's amazing that the market cap is this low really." I'm very pleased that I bought in today :)
Don't like people dominated business models (the insiders clean up)...but this is exceptional value imv (modest premium to TNW & EV/runrate EBIT not much higher than 5)
http://sharecast.com/news/panmure-calls-for-55-shire-bid-from-abbvie-after-inadequate-offer/21853463.html Clearly PMR are shire's broker!
http://www.stockopedia.com/content/small-cap-value-report-21-may-2014-rm-aph-act-mbh-sea-pmr-83528/
Read previous posts on this BB. Suggest you stay away from consolidations like this until you get it.
Ive seen elsewhere that their price has dropped 5.90%! so why does it say +850% here?
share consolidation! The price frequently drops when this happens.
i am new to this, and was just wondering if anyone knew of the reason of why the massive jump today?
This particular trick has been played on me twice before, your money is stolen and divided among the other shareholders. Shortly after, the SP moves up disproportionately.
A correction: the machinations of this proposal are designed to rid the company of share holders owning fewer than 1000 shares! The headlines, 'Consolidating 1000 Shares into 1', valued 'it' pre consolidation, at a price of say 15p, so x 1000 = £150. The proposal continued that 'it' then be reissued as 100 New Ordinary Shares. So each NOS share's value = £150/100 = £1.50. This reduces the total consolidation to 1:10. What a palaver, just to offload 8000 shareholders, mostly[?] former Durlacher investors who had no choice in where they lay their heads, but who had hoped for better thing's here! Lets hope '8000' turn up and vote the proposal down on a show of hands[unlikely scenario if Qinvest have a say!!] Thank goodness we are a civilised society!....... IMHO NB The other, earlier observations posted Sunday 28 April, stand!
1:1000,......... leaves me 'speechless' ........ I'm so consolidated, I need quantative easing! One used to be able to trust British Management ...... but, PMR ....! ..... And the not so 'secret' message the proposal send's to ALL approx 8400 shareholders ....... ! Are all CREST holders, combined as a single s/holder? NB 8000 own less than 1000 shares each - leaving 400 ... not many PI's there i'll warrant!! 75% of shares are held by 5 concerns, [ incl 43.74% by chief investor Qinvest - Circa 67.5m] NB PMR is basically a UK 'hobby' for Qinvest - Profit and dividends are not a high priority and are unlikely, as is any increase in basic share price - whatever multiple the company decide's it will be, if consolidation is approved and other machinations! ie the One share [per 1000] will be, 'sub-divided and reclassified into 100 New Ordinary Shares {NOS} and 100 Deferred Shares[DS] .... following consolidation the share capital will comprise 15,458,299 NOS and the same number DS ..... the market price of the NOS immediately after reorg. is expected to be 10 x greater than that of the existing share' Basically the consolidation hype is 'ONLY' 1:100, the 'dialogue' get's 'shot' of 8000 investors - another deceit played on 'investors'! A far safer place for your £oney, is your mattress, or a piggy bank! The current moves are to disabuse +8000 investors of any prospect of a successful investment in PMR, and is how PMR view themselves .. in my opinion! There is little danger of liquidation, as [almost] a distant arm of Q Civil Service, unless 'they' lose interest, get bored with making losses, find another happy hunting ground or 'people stop driving'!! But you can't 'play' at business, and 'they' will gain little real business experience, where the desire to profit and grow is missing ...... BEWARE giving more $uppor£, we already provide to much, so .. drive a little slower, walk, or catch a bus! 'Hobbyists' should be properly investigated and deterred from purporting to be genuine businesses, here we have a company enabled by the FSA to offer apparently genuine investment opportunties, they should be thoroughly investigated and if found to be guilty of any misdemeanours, brought to justice! But, we don''t want to upset the richest [oil] country in the world, population of 250,000, do we?...,,,,,,.... IMHO
The investment bank and stockbroker, Panmure Gordon, has had a decent morning on the markets after revealing a turnaround in profits following last year's cost cutting programme. Earnings from continuing operations were £1.2m in the six months to the end of June with every month during the period yielding a profit. In the equivalent period of 2011 the group turned in a loss of £2.7m. Commissions and fee income rose 18% to £11.2m driven by a 41% increase in transaction revenues. The firm is debt free and administration expenses are down 24% after the disposal of the US business in June and savage cost cutting executed last year. The Chief Executive, Phillip Wale said: "I am delighted that, in subdued markets, we are a broker-of-choice for dynamic companies seeking a successful flotation in London and we have an encouraging pipeline of investment banking mandates. "Market conditions remain challenging, but with the full support of our major shareholder, QInvest, our simplified structure and improving quality of earnings, we look to the second half with confidence."
Stockbroker Panmure Gordon saw its share price plunge 9% in early trading on Tuesday after it announced a loss of £31.47m in 2011. The firm was hammered by the global financial crisis and was haemorrhaging money at its US business, ThinkEquity. Since the end of the year agreement was reached for a management buy-out of the US division. The firm said "market conditions have changed beyond all recognition" since it bought ThinkEquity in 2007.
BOOOOOOOOM
It's not to scare off buyers is it ? Or because there is any doubt which direction this is heading in ? To mask sells maybe ? make them look like buys ? hmmm.... all IMO