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Pilat Technology - Cheap as Chips (PIA)     

rangers99 - 02 Dec 2004 08:53

Beat this for cheapness. This company are an Isaeli based human resources company. They develop software and provide consultancy services.

Market cap is 0.6M. Cash = 0.75M. Net tangible asset value = 1.5M

Reports quarterly. 3Q results announced yesterday.
http://www.uk-wire.com/cgi-bin/articles/200411301522558317F.html

For the 9 month period pre-tax profit of 185K. So around 250K for the full year. Business is improving now.

No pension issues.

Market cap is absolutely tiny for the size, and proftability, of the business.

GeorgeBurns - 04 Jan 2005 11:03 - 11 of 28

But how do you trade. My broker Comdirect dont recognise PIA

moneyplus - 04 Jan 2005 15:49 - 12 of 28

I have held these for years since before the split from PilatMedia and PIA was considered the better company. The price of Pilat Media went up and poor old PIA was just ignored! Hopefully this is about to be corrected and I for one will be well pleased I held. I did try to put my share certificate in Comdirect and they sent it back because of limited market makers in the shares I think. I originally bought through Gerrards and will have to sell through them and pay the higher price!!

rangers99 - 05 Jan 2005 08:50 - 13 of 28

Good posts on ADVFN. Market cap is 3M US dollars (equivalent to 1.6M UK) in Tel-Aviv but only 1M on LSE

rangers99 - 10 Jan 2005 11:01 - 14 of 28

Price up further in Tel Aviv on Sunday and again this morning. Now 0.62 Shekels which equates to 7.5 pence.

moneyplus - 10 Jan 2005 13:02 - 15 of 28

Slow over here or what?? The share will wake up eventually-I hope.

GeorgeBurns - 17 Jan 2005 13:21 - 16 of 28

I did buy this morning finally.

hampi_man - 17 Jan 2005 14:48 - 17 of 28

GB, what price did you get in at, where do you see it going from here??
Cheers HM

GeorgeBurns - 20 Jan 2005 11:52 - 18 of 28

Im holding on for 15p-20p. I have noted the final results are due in less than 2 months.

tallsiii - 20 Jan 2005 12:30 - 19 of 28

I only wish i'd started reading this one on the 2nd of Dec. Well spotted rangers99!!

PARKIN - 03 Sep 2005 15:43 - 20 of 28

moneyplus
they appear to have come to life this week having moved from 0.09.5 upto 0.15p this week but fell back on friday I think it been due to American markets on Thurs night but did not recover Friday

moneyplus - 04 Sep 2005 14:32 - 21 of 28

results were very good and I think the company is still undervalued. I read in the last results they were moving to get their shares accepted by crest so hopefully sqauregain will soon trade them. I'm happy holding though I expect they will drift back to sleep again until the bigger boys notice them or the US investors pile in. prospects are excellent so patience is needed!

rangers99 - 09 Jan 2006 23:54 - 22 of 28

Anyone still holding this one. Currrent market cap 2.9M. Pre-tax profit of approx 0.3M at the 9 month stage is well up on the previous year. Q4 still to come which was the strongest last year. Final results in April

moneyplus - 10 Jan 2006 10:21 - 23 of 28

still holding--yawn!!

rangers99 - 19 Jan 2006 15:02 - 24 of 28

moneyplus
This looks like a very beneifical disposal. What do you think?
http://www.companyannouncements.net/cgi-bin/articles/20060119070000P8D4C.html

moneyplus - 19 Jan 2006 15:40 - 25 of 28

looks a good deal and the sp has lifted a little---maybe 2006 will be the year yo be in PIA!!

rangers99 - 07 Jun 2006 16:12 - 26 of 28

Q1 results

Good growth on last years Q1 and Q2 sounds as though it should be good as well

Tel-Aviv share price is currently just under 15p

Confidant - 09 Feb 2007 16:32 - 27 of 28

Blast from the past, cheaper than chips now

hangon - 29 Nov 2008 12:08 - 28 of 28

DELISTING from AIM.
-DYOR- this will occur about the first week in December 2008, following higher losses, ...the TelAviv list remains, they said.
This is further evidence that Companies that are based overseas should not be listed on AIM - it is just too risky for investors. Companies are happy to take our money by way of an IPO and some in the City may be willing to drip-feed the odd million by a Placing, but AIM-regulators are only interested in their Fees and the so-called "growth" of AIM - and if a punter makes a loss - well that's investment.
((The sp fell considerable after mid-Sept, presumably as those in the know got out, leaving retail-investors to take the losses.))
Grr - - - - - all IMHO.
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