PPR worth placing on watch list and monitors.News today of contract gains and overseas Licensee Appointments:see below
17/12/04 07:00 Pentagon Protection (PPR) Final Results
14/12/04 07:00 UKREG Notice of Results

04/11/04 17:58 AFXF Pentagon Protection wins contracts with 610,000 stg sales value LSE:PPR Pentagon Protection
04/11/04 17:38 UKREG UK Banking Contract Gains
25/08/04 09:11 AFXF Pentagon Protection wins new deals, appoints further overseas licensees
25/08/04 07:02 RNSNON Contract Gains
25/08/04 07:02 RNSNON Overseas Licensee Appointment

Company swung into profit H1 and directors buying 14/7/04

14/07/04 13:32 AFXF Pentagon Protection chairman, chief executive up stakes in co LSE:PPR
14/07/04 12:57 UKREG Director Shareholding LSE:PPR Pentagon Protection
25/06/04 08:10 AFXF Pentagon Protection swings into H1 pretax profit as turnover rises sharply
04/05/04 12:16 AFXF Pentagon Protection upbeat on prospects at AGM LSE:PPR
04/05/04 11:48 UKREG AGM Statement LSE:PPR Pentagon Protection


Link to another thread:http://www.advfn.com/cmn/fbb/thread.php3?id=5288945

img src="http://www.moneyam.com/cache/graph.php?epic=PPR">

Started by Topic EPIC Creation Date Last Updated Articles
lex1000 PENTAGON PROTECTION - SAFETY & SECURITY GLASS
PPR 25/08/2004 20/11/2004 48
bigbobjoylove Has to be the most exciting product i've ever seen in current cicumstances >>
PPR 13/09/2004 08/11/2004 24
Invisage Pentagon is here to Serve and Protect! [PPR]
PPR 19/04/2004 01/09/2004 5
pram PPR is going places
PPR 10/11/2003 19/04/2004 6
bigbobjoylove one stock i think may well offer explosive growth
PPR 13/10/2003 10/11/2003 18
dannycarswell SLOW AND STEADY
PPR 28/08/2003 18/09/2003 5

Nothing to get excited about as sp trading sideways.Real breakout occurs higher up @ 8.5p but bid has perked up moving from 7p/7.5p lows to todays 7.5p/7.75p.IF overhang cleared and with news may see this return to 8p/9p+.imho

Is that a pennant formation ..?

From advfn

noshy - 13 Jan'05 - 08:23 - 2363 of 2364


JL2
as a complete novice, it just looks like a pennant forming with lower highs and higher lows, or am I being too simplistic.

Ladies and gents,lets seewaht the 'morrow brings. Courtesy of advfn
R=8p
Br=8.5p

barnetpeter - 13 Jan'05 - 20:14 - 2369 of 2373


Here we go ...

Friday's FT - dont be caught light of PPR.

"Pentagon Protection firmed 1.7 per cent to 7.6p amid rumours that the provider of security film to for overlaying glass windows was is set to win a large contact with a multinational".

Mention in Times Business today
"PPr firmed after analyst presentation and hints of big contracts"

Saucepan - 14 Jan'05 - 08:43 - 2395 of 2399


Just to remind people where the VERIFIABLE basis of the current rumour lies.

17 Dec 04 Final results included the following statement:

"Pentagon Filmtek has currently QUOTED for projects comprising close to 3,000,000 in value and has an order book of 1,300,000.

The PPR group's total annual turnover last year was 3.3 million ;-)

It seems fairly obvious to me that this quoted work is going to come on stream.

Times said PPR rose after a presentation by Seymour Perce..it has won a with Volkswagon and possible contracts with HSBC and Sony..

Times today mentions contracts/talks with Volkswagen, HSBC and Sony.......

Pentagon Protection, which makes toughened glass for the car and construction markets.......after a presentation at Seymour Pierce. The audience heard that it has won business from Volkswagen and is in contract talks with HSBC and Sony

sp firming 8p-8.5p.Gap up 8p-9p to fill.

mms short of stock offer ticked up to 8.75p..Most sellers gone consolidating 7p-8p.Watch for breakout above 8.5p

Hi Lex. Why do you think that the price fell back after its early rise? I'm not against this share per se just ramping terms like explosive etc. It does seem to have good newsflow but certainly the sp doesn't take off imo. Do you know what the profit margin is on their product- a genuine question.

sp rise and fall - careful orchestration of timing of rns (dilution) after financial times rumours of contract wins.

Hi John,Price fell back due to RNS this afternoon announcing issue of shares following aquiring Filmtek and profit taking.In public domain and covered in RNS dated 17 November 2003 payable over three years.Pentagon have done so in one go.Still 250,000 cash to be paid.Rumoured news and todays news of share dilution cancelled each other out and back to resistance of 8p.I have spoken to the company a few times now and waiting a call back from last week as have a number of questions.In my opinion will come up to speed with investor relations and can't wait to see new website as current one is pants.Know that directors have been away,plenty going on and busy with analyst presentations etc.Todays RNS did catch me by surprise,understand your points on ramping terms and admit to being enthusiastic about this company.Mine is an ethical investment as I believe that everyone has the right to feel safe(r)secure and protected in so much as anyone can be.Filmtek is the jewel in the crown leading specialist in the advancement and installation of safety,security and solar window film on buildings.Has an award winning performance enhancing safety and security film (SupaGlass) to vehicle glass.Do know that company in various duscussions looking beyond protection of VIP's to include entourages.Pentagon have completed specialist projects in the past such as Big Brother. Proactive and very good at what they do.Wanting to obtain as much information about guarantees, new product Promarker including costs margins etc.Company is increasing annual turnover year on year recently swinging into profit.Turnover is one thing but count for nought if loss making and will be all about margins.Looking good for 2005 and 2006 should be the year in which company really takes off.Will update when company rings back which will possibly be after all the price sensitive news has been released.I do know that company are very excited about global expansion plans have quoted projects currently 3m which once orders confirmed will add to record order book of 1.3m.This is an early stage company therefore early days & happy to hold as a long term investment.Will post information from company as and when it is received.News of significant orders cannot be too far away.imho.

Daily Express'Pentagon Protection firmed 3/4p to 7.87p on heavy trading after a private-client broker meeting at Seymour Pierce. Dealers were excited by the company's Middle East prospects. It has big contracts in Iraq and is opening an office in Bahrain.

Last week PPR were upbeat & telling private-client broker meeting of large contract and excited by the company's Middle East prospects.Press picked up on both rumours and excitement.Tomorrow friday,additional listing day, would be a very good time to share with the world and his wife by official RNS announcements!No guarantees,nothing in todays thin trades to indicate but usually news comes thursday evenings and fridays.imho.
R=8p
Br=8.5p

Tut Tut. They've broken that Thurs and Fri newsrule tonight Lex. Did you clock the way they tried to sneak out the RNS after the close
Pentagon Protection PLC
02 February 2005



PENTAGON PROTECTION PLC
REPLACEMENT ANNOUNCEMENT

THIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT OF FINAL RESULTS MADE BY THE COMPANY
ON 17 DECEMBER 2004 (RNS NO. 5347G). CHANGES TO THAT ANNOUNCEMENT ARE AS
FOLLOWS:

Changes to announcement are as follows:

Consolidated Profit and Loss Account
Goodwill amortisation - (Amount not changed) Disclosure changed to include the
cost under Administration expenses heading.

Consolidated Balance Sheet
Current Year - No adjustments
Prior Year - Typing error made on conversion as creditors should be 413,105 not
13,105. All other figures not adjusted.

Consolidated Cash flow Statement
Note 1 Reconciliation of operating profit/(Loss) to net cash outflow from
operating activities
Operating profit decreased from 278,489 to 195,495
Depreciation charges decreased from 79,651 to 45,350
Amortisation has been introduced at 117,302
Increase in stock reduced from (117,002) to (100,247)
Increase in debtors changed from (831,231) to 97,428
Decrease in creditors changed from 400,288 to (110,741)
Net Cash inflow changed from (189,805) to 244,587

Note 2 Analysis of cash flow for headings netted in cash flow statement
Returns on investments and servicing of finance - no adjustments
Capital expenditure and financial investments
Purchase of tangible fixed assets - Reduced from 121,354 to 75,538
Purchase of intangible fixed assets - Reduced from 1,213,162 to 943,365
Financing - Share Issue decrease from 2,347,500 to 1,597,50.
well LMFAO! I expect a major buying opportunity on tomorrow's dip! The management is accident prone, maybe that's why they patented toughened glass.

Sack the finance director and change accountant!! don't think I'll be tempted to buy.

The corrected version of the announcement follows:



FINAL RESULTS YEAR ENDED 30 SEPTEMBER 2004
Turnover up 184%, Profits Turn Around; Record Order Book

Pentagon Protection PLC ('Pentagon' or 'the Company'), the provider of
protective glazing products to the commercial and automotive sectors, announces
its final results for the year ended 30 September 2004. The Company went public
on AIM in April 2003.

David Thomas, Chairman, in his statement reports: 'I am delighted to report a
year of reasonable progress. These results are in line with management's
expectations, with the contribution from our first acquisition, Filmtek Limited,
exceeding expectations. We have strengthened the foundations for the continued
growth of our established business and expansion into new product sectors and
geographies. Filmtek underpins our aspirations of becoming a leading global
player in overall glass protection.'

Financial Highlights

Turnover: 3.32m, up 184%
- Continuing operations 1.46m (2003: 1.16m) up 25%
- Acquisitions 1.85m (2003: nil)

Operating profit: 195,495 (2003: loss 239,231)
- Continuing operations 17,980 (2003: nil)
- Acquisitions 177,515
Interest cover 12 x
Pre-tax profit: 178,857 (2003: loss 270,422)
Basic, diluted earnings per share: 0.15p (2003: loss 0.47p)
Net assets: 3.59m (2003: 375,865)
- Acquisition of Filmtek
- Two successful share placings
Cash 601,782 (2003: 252,109)
No dividend, in line with stated policy................................


Spoke to Peter Mukerjee ( pioneered Supaglass with Geoff Russel in 1990's)when he rang this afternoon Wednesday 2 February 2005 and discussed most aspects of the business opening office in Bahrain.He was frank,enthusiatic and optimistic as ever.The real excitement is in the flat glass side i.e Filmtek with emphasis on International expansion.The meeting did take place and news as reported in the press on 14 January 2005.Unaware of todays RNS until very late this evening.IMO nothing sinister or reason for panic.I am happy to have invested in PPR.Holding from 4.4p and content to do so for the long term.Company have a stronger year end.This means taking a twelve month to five year view.My share 2005/2006.Bullish long term.imho,dyor.

Would add that company looking grow organically,year on year.It is correct PPR has 3m quoted projects.This was confirmed as correct(in addition to record order book) and orders won.Lost some but had been replaced by new ones.Promarker has been exhibited,I think that it was somewhere like Dussledorf and company in distribution discussions.One order which could be mentioned as told already made public,presumed this was a reference to client broker meeting reported on 14 January 2004,and that is Saudi Arabia.Company had decided not to issue announcements on every single contract won.Comments taken singly and both together lead me to believe that these were referred to in The Times,Daily Express and that company could issue good news if they chose to do so.In the light of this evenings RNS no time like the present to do so and have e-mailed the company accordingly suggesting that PPR do exactly that.Company have previously issued news over Thursday/Friday which whilst not hinted at in my opinion remains a strong possibility.

These are my understandings.Feel free to contact the company yourselves:-
Pentagon Protection PLC
020 8749 9749 - info@PentagonGlassTech.com

imho,dyor.
regards
lex

John,your tut tut did bring a ;o)to my face. Spoke with the company again today.My opinion remains that PPR excellent long term investment.Hope that everyone took advantage buying the dips on treeshake.moneyplus could have bought @ 5.75p.mms took advantage with temporary 20%+ intraday dip mugging a few on the way down before before marking back up when the buying started.Looking for return to uptrend breaking back above 7.75p moving on R=8p ; Br=8.5p.Share price back to 1st. Feb close 6.75p/7.25p.Investors share.Patience required.imho,dyor.

copied from advfn:-
Youngers - 3 Feb'05 - 11:45 - 2601 of 2642


I think I can provide some insight into the accounting changes they made today as I was the person who phoned the company to inform them of the errors that they made.

There were two main things.

Cashflow statement.
They forgot to account for the acquistion of the subsidiary in the cashflow. The effect of the acquisition was that stock/debtors/creditors for the group all increased (as they would for any acquisition). However when you prepare a consolidated cashflow you remove this effect from the movements in working capital. The company did not do this. Consequently the working capital showed a large outflow and the group showed a cashoutflow from operating activities despite making a profit (this is what highlighted the error to me).

On correcting this you now see a cash inflow. This I feel is very positive and the original release was an own goal by the company in this respect.

Profit and loss account.
Goodwill amortisation was put in the wrong place in the P&L. It should be above operating profit but was in fact put below. This makes very little difference as the intelligent investor adds back goodwill amortisation anyway.


The final point to make is that a company of this size has to rely on its auditors to get these disclosures correct. As I used to be an auditor seeing these types of errors in accounts is not abnormal. What is abnormal is them being released to the market post audit. THIS WAS A MAJOR AUDIT FAILURE and they should be sacked for this.

I have a small shareholding in this but did not sell on finding the errors. They are purely accounting and do not affect the underlying business. Congrats to all those who topped up in this mornings dip.

Youngers - 3 Feb'05 - 16:45 - 2607 of 2642


Ironic thing is the correct figures are better than the first numbers. The goodwill error in the P&L makes no difference as it is only presentational and you strip it out anyway. (This is why every company shows goodwill separate on the face of the P&L to allow investors to remove it, not because they have to show it there)

The cashflow was a big own goal. When I first looked at the accounts and saw a profit and a cash outflow from operating activities I was seriously concerned. That is a very bad sign, shows they have completely lost control of working capital which raises issues of debtor recoverability and stock obsolescence.

I quickly realised however that it was completely wrong. The new numbers are much better and in my opinion should have a postive effect on share price. However post Enron, worldcom etc the market takes a dim view of accounting errors.


As for reading accounts CAECILUS its not easy and just takes practice which I've had plenty of as I prepare financial accounts for a FTSE 250 company.

Thank you for the encouraging info Lex-I will watch and maybe pick up a few long term.