I started buying when PGH floated & started to rapidly sell when the price topped £6.
I grow increasingly concerned that the board have taken their eye off the ball given that a number of the "old timers" have moved on over the last few years & the new-ish chief exec has brought on board his previous contacts.
Still seems to be able to generate a solid divi though
I think it was "jam yesterday" to be candid.I have been a shareholder here for nearly 14 years & I still retain about a third of my original investment,having sold the the larger part in stages relatively recently.
I have done exceptionally well in terms of income & capital gains but I feel even at the present somewhat lower price the shares seem fully valued although I intend holding the shares I retain.
The usual contemptuous (of small investors) minimum amount of information. It could be that they've actually chucked in some costs into the EBITDA thus reducing earnings. It would've been nice if they'd been a tad more forthcoming about the figures.
" Mark Scanlon, the Company's Chief Executive, has been awarded an option over 305,793 Ordinary Shares under the Company's LTIP which can be exercised in the next year at an exercise value of nil. The award was conditional upon the achievement of certain performance conditions in relation to the increase in the market capitalisation of the Company."
" LONDON--Personal Group Holdings PLC (PGH.LN) will tone down its investment program and expects claims to reduce slightly in the second half of the year, its senior executives said Monday, as the employee benefits company posted a decline in first half pretax profit due increased investments and a rise in insurance claims.
"Sales have really begun to take off [due to increased investments]," Chief Executive Officer Mark Scanlon told Dow Jones Newswires. He attributed the rise in first half claims to new business activity, as traditionally the company gets more claims from new contracts.
Personal Group, which is based in Milton Keynes, provides employee benefit and insurance products on behalf of other companies. In May it secured its largest contract to date from Network Rail.
Claims for the second half of the year will reduce slightly, compared with the first half, Mr. Scanlon said, adding that claims for the full year will rise versus the comparative period.
For the six month period to June 30, total insurance operating expenses amounted to 4.8 million pounds ($7.75 million), compared with GBP3.9 million in the same period a year earlier.
Chief Financial Officer Mike Dugdale said the company invested a total of GBP800,000 in new investments during the first half, mainly in recruiting new sales staff. He expects new investments to be GBP200,000 in the second half of the year.
For the first half, the company posted a pretax profit of GBP3.3 million, compared with GBP4.1 million a year earlier. Revenue was GBP13.9 million, compared with GBP13.7 million a year earlier. It raised its dividend by 5% to 9.3 pence per share, compared with 8.9 pence.
Full year profits are expected to be in line with Cenkos Securities (CNKS.LN) estimates, the company's nominated adviser and broker, Mr Scanlon said. Cenkos expects the company to report underling pretax profit of GBP8.3 million for the full year.
Shares at 1132 GMT unchanged at 440 pence. The FTSE AIM Index is down 0.8%.
Still a 'hold'. This is a bet on expenditure bearing fruit in coming years.
No surprises. Those expecting an increase in profits can dream on. Cash is good. No doubt the sp will fall today, but it's the full year's results I'll be looking at for signs of claims reducing (they've been up and down in the past) and new biz turning into profits.
"LONDON--Personal Group Holdings PLC (PGH.LN) plans to increase capital expenditure this year and look for acquisition opportunities, as it aims to double its market capitalization over the next two to three years from 100.4 million pounds ($152.9 million) currently.
Chief Executive Mark Scanlon told Dow Jones Newswires in a telephone interview that the AIM-listed employee benefits provider is looking to spend between GBP20 million and GBP50 million on acquisitions. "We would look to acquire more established companies rather than start-ups," he added.
Mr. Scanlon wouldn't elaborate too much on the company's plans, but did say any acquisitions would be either in the employee insurance or employee benefit sector, and it isn't currently in any talks.
Mr. Scanlon said the company is going to invest in headcount and technology this year, spending around GBP900,000 in total capital expenditure for 2013. This includes investments in technology, Mr. Scanlon said, adding that the company will launch a mobile app relating to its employee benefits program in May.
In addition, the Milton Keynes, U.K. headquartered company plans to spend further GBP700,000 during the year on new sales staff recruitment, according to Mr. Scanlon.
Earlier Monday, the company reported a pretax profit of GBP8.3 million for the year ended Dec. 31, 2012, compared with GBP10.0 million in the year-ago period, on a revenue of GBP27.4 million and GBP27.5 million, respectively. The company spent GBP700,000 on capital expenditure in 2012.
Personal Group raised its total 2012 dividend payment by 2.3% to 17.8 pence per share, compared with 17.4 pence per share paid in 2011. It also declared a 4.65 pence dividend for the first quarter of 2013 and proposed to raise the total dividend payable in 2013 by 4.5% to 18.6 pence.
At 1400 GMT shares were flat at 334 pence. The FTSE AIM Index was down 0.02%.
Agree with your hold.Truthfully as I have previously indicated the shares are fully valued,if not over valued, I dont think I would buy at this price as at best performance has been pedestrian(walking backwards at the moment!).
But I am holding largely because I dont see a huge number of other fantastic buys at the moment that would merit taking a CG Tax liability on sale.Next financial year may reconsider.
"Call me picky, but I'd say that we're not due any great results this year."
And so it transpires. So, sales today going to hit profits this year - and maybe next - but provide for future growth.
Quite astonished by the "major changes".
"Under the direction of David Walker we now have a team focused on seeking new business opportunities as well as two dedicated to managing existing host company relationships. In consequence we have both strengthened our client relationship management and are better geared to identifying and developing new host company prospects."
What on earth was the situation before?
Technology - ipads. Bravo.
Concentration on customer experience. Wow.
Either they're hyping this up, or this company (which I've held for a considerable time) were operating in a very haphazard manner. Dunno what to think.
Haven't got too much on this donkey, so I think that I'll hold for the 'longer term' and enjoy the divis.
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