Member Info for bigpunt

Phat, it's only a mistake if our esteemed CEO loses his job. He is blundering and blustering here, there, everywhere; but while he can keep shareholders believing there is a bigger prize to be had, he will keep his job. If he delivers, he will be a very wealthy man. A precarious position, but time for an investor to do their research and invest with conviction

Statement timeline: brokers will probably get a first draft on Thursday or Friday of this week and the final statement will go no later than 21 December. So if there is to be a 'leakage' that might trickle through in to the share price, it will probably come through on Monday morning. So best to get buys completed this week, if anybody expects the share price to go up on the announcement

Oh come on Barrie, are you a trader or investor - have some conviction. The exit is 300p+

Clio, I note your points about the CFO. But I am rather fed up of it being a 'small' company as to why we have leaders either doing things they are not good at, or recruiting poorly. I point to logistics, not getting the easiest annual report out on time, digital marketing, forecasting. Again, it is amateur-hour at SBTX

Nobby, who is "they"? If you are referring to government, you'd need to explain why.

There is no benefit to a local/central government's contractor going to the wall, but equally there is no incentive to customers in forward-funding a struggling business

DJ, can I only comment if it agrees with your view?

Carrington and West, the share is priced to go bust. The only question should be whether it can trade its way out of this place. From the financial statements I have been reviewing, they cannot generate cash. I wouldn't get too excited about the total value of the order book - Carillion's was still growing when they were doomed - it is more important to review working capital at this stage. FWIW I have no position in Kier, and I have shorted in the past when the previous exec were in place. I am even less impressed with Kesterton

Kier is such an amazing company. They nearly go bust, raise significant equity, still cannot generate cash flow but pay out large bonuses to the exec! "Performance is expected to be second-half weighted" just means they will put pressure on customers on supply chain to maximise their cash position for YE and they will ramp their WIP numbers. This company has always suffered from aggressively chasing revenue. Priced to go bust, I would assume it will happen in the next 2 years

Barrie, don't jump to conclusions. We could be talking about PFG as a banking giant of the future! Whilst there is a sarcastic twist to my comment, why not? The infrastructure and the funding is there; and what a time to be able to launch new products!

Spread widens when there is a lack of liquidity

If the price is above the prevailing price, the share price goes up, if the price is below the prevailing price, the share price goes down*

Good God, there has been some guff:

"Genuine question, would OPTI really be moving stock in 5k and 10k tranches? Apart from one or two 100k sells, most of what we have seen in the last couple of weeks have been 5 and 10 k at a time."

"All buys today including 2 reasonable sized ones and price goes down yet has been creeping up on very low volume."

If investor x wants to sell 100,000 shares and investor y and z want to sell 20,000 each, barring a specific instruction given to the broker, the two 20k trades will settle at whatever price is agreed for each separate trade. If the price is below the prevailing price, the share price goes up, if the price is below the prevailing price, the share price goes down. If investor x held >=5% of issued shares before the transaction, the 40k disposal will be reported within the 3 business days

The remaining 60,000 shares will likely remain as an open order. Again it will be up to the broker exactly how this is done - it could well be split up it into different orders of different quantities at different prices

Not sure I understand this. Obviously they recognise there is demand for the shares at this price, but they have stated they have too much cash and basically have an inefficient balance sheet. However, they must have a growth plan up their sleeve, so I am willing to take the positive view and not be too upset about the dilution

Forget the chart pipedreamer, just work on the basis of what you think, per pub; the estate, the supply chain, the processes and technology is worth. I struggle to value it less than £1m per pub but that is where we are!

Agree this is great news. I'm really looking forward to learning about the products they will look to introduce as a result of this. What an exciting time to be invested, and still a great price to be adding shares. I now do not mind central costs being so high - perhaps they resourced in anticipation of this news.

Although I know some others have different views, I think this reflects well on management. I just hope they can communicate this openly and positively

I saw the drop to the 130s and had hoped to add some more but I was tied up and had no capacity to move money around and place the order. I don't know why people back out when the price drops if your view of the business and its prospects hasn't changed - that is the time to add!

Sadly I think 600-900p is a stretch of the imagination but would be happy to see it. I am personally targeting 300-350p which would broadly equate to a 5% div yield with where I think the payout will be for this year based on 40% of adjusted earnings. I can see us getting there in the next 9-12 months if the credit card and loan books continue moderate growth and the collections remain strong

hxulcolrdoh, the statement included confirmation that market expectation will be met. That is a very important statement to be aware of

Well done Theborn, good spot
A very odd role
The job requires what looks like a chartered accountant with an MBA
But the pay is a for a chartered accountant with around 3 years post-qualified experience

"and why the board are not over egging the future"

Barrie, I suggest you open up the interim results statement, ctrl + f and type in "PRA" and read every paragraph with "PRA" in it

Pooks let me give you a reality check on being a PLC exec.
Management are not incentivised to outperform the market expectations. In fact, to keep them on their lucrative remuneration packages, they just need to knock down consensus without it becoming a profit warning, and hit that revised consensus figure
We saw Morses Club's former Chief Exec sounding like a used car salesman when talking about their prospects, and look what happened to them
There are a lot of shares out there that could plausibly be valued at 2x current share price. Difference with PFG is that they are generating a lot of cash and returning a lot of it to shareholders