Pearl Street Holdings Plc is currently a cash shell that floated on AIM Index 879 (Other Financial) on 8th October 04 @ 5p per share.



This is another company float that is rumoured on the grapevine where it seems PSH has agreed and signed a deal to a Reverse Merger with a well known large Private Ltd company (name cannot be given out yet by PSH due to stock market rules) and with a Market Cap in triple digit millions. The rumour has it speculated that given the size of company following the reverse merger and once the RNS announcement is made, due in approx 4 - 5wks time so I believe, the SP is expected to leap to +40p per share within about 4 - 6 wks before profit taking and for retail and instutional investors to become aware when there will be the expected flood to buy in and the SP to surge to +100p per share.

Not having much knowledge in Cash Shell Plc's or Reverse Mergers, whether there is any truth in the rumour/speculation or not is yet to be known and as we all are aware with the risk in investing in any type of speculative float, there can realisticly only ever be money that investors are prepared to loose when buying such shares. At the same time it is normally expected that the bid/offer spread MM's would make on speculative small-cap AIM stock is +15%.

However, since floating the SP for PSH has increased 20% to 6p per share with the MM's bid/offer spread at an acceptable risk level @ 8.333% for a marketable companies share. Therefore, perhaps there maybe some truth in the rumour, after all the MM's are the one's who have the inside info and what they are in the know about tends to reflect in the bid/offer spread.

One that's on my radar and worth creating a discussion thread on!

legins,

Parker Rowe are unauthorised by the FSA, and rang me about Pearl St. Holdings a couple of weeks ago. The salesman's (I wouldn't call him a broker!) telephone manner reminded me of the file "The Boiler Room", and I think that's pertinent here.

I suggest you read this article!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

legins,

I strongly suggest you read this article from the Mail On Sunday!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5


You seem to be following the two companies being promoted by Parker Rowe, an unauthorised broker!

do you have anny connection to them?

It is time we changed the title of this post. A lot pf people must have been sold a marvellous story about this company.Is the truth of the matter that the company is only proposing to sell a health insurance package? If so there is nothing new with that.There are no buyers for the shares, hence the non stop slide.

Realistic,

very true, the bid is down to 3p now!

That's a 40% reduction from the price the (broker, lol!) err high pressure saleman was trying to sell them to me for a couple of weeks ago.

He even staked his reputation on it!

he even told me to "trust him!"

roflmao!

Andy,

Thanks for your posts and the Mail on Sunday's thisismoney link. Yes I'm following this stock and No I've no connection what so ever with Parker Rowe. I run my own building and home improvements installation business - self employed.

However, I am genuinely interested in the direction that PSH, The Health Group Ltd and their wholly owned subsidiary YourHealth Plus Ltd are marketing their health care services to corporate and private clients.

Realistic,
If you research the YourHealth+ website you will find that their core product / service is not a Health Insurance Policy and there are no premiums paid, but in fact, the individual or corporate clients subscription payments to YourHealth Plus are held in their own individual or corporate client account and only used to pay the individual or corporate clients health care scheme costs if medical or surgical treatment is needed. If the client or its employees do not require any medical or surgical treatment then the clients funds are simply returned to them plus any interest accrued but less YourHealth Plus management fees. This is unlike any insurance policy where the premiums will never get refunded even if there is no claim.

Clearly, Parker Rowe's 'Boiler Room' high pressure Salesmen who have been ramping the stock and the FSA with their warning notice, have alot to answer for the dilution in the worth of any remaining investors shareholdings through nervous investors bailing out, some of whom have also been taking profits and which ultimately have come from other investors capital who have subsequently bought into PSH at a price anywhere between 5p & 8p per share. The 'knock on' effect and further fall in the share price is also now due to the deramping posts regarding Parker Rowe & FSA row on various BB's. The reality is that YourHealth Plus has sweet FA to do with Parker Rowe and IMO once all this HooHa subsides into oblivion and investors begin to focus on the growth potential this stock has, then perhaps the SP will soon be allowed to recover.

It seems to me that any potential corporate client of YourHealth Plus will be taking far more than just a cursory glance at the products / services as, 1) they would have far greater cost control and savings in their employee benefits insurance based health care schemes and HR departments. And 2) the balance of any funds held in their YourHealth Plus client account would become an asset on their company balance sheet.

Legins , what / who led you to believe that these would "leap to +40p per share within about 4 - 6 wks before profit taking" ???

Legins,

maybe it's pure coincedence, but out of the 3000 or so stocks on the lSE, you seem to be promoting the two stocks that Parker Rowe are pushing out of their boiler room operation, based in Spain.

They base themselves in Spain to avoid FSA regulations regarding cold calling within the UK, ie it's not allowed!

Sadly, the performance of shares promoted by boiler room operations is very poor, and I post these warnings to try and help prevent the unknowing newbie investor from being unwaringly sucked in.

Dil,

:-)

Andy

good posts. this share is an investor's black hole.Some people must have made an awful lot of money from this float.

Realistic,

Thanks, what really onnoys me is they prey on the gullible, costing them money they can ill afford to lose, and this type of operation gives the market a bad reputation.

As you rightly say, they make a fortune out of this, at the expense of the small private investor.

realistic,

Sadly PSH has just fallen 25%!

2.25p on the bid now, and they were trying to sell them to me at 5p two weeks ago. (And they wanted me to buy 100,000 too!)


Pearl Street Or 2.62 -0.875 -25.0% 2.25 3.00 25%


Such a shame for those that were taken in.

Andy,
Fortunately, I didnt get sucked in either.Its on my watch list because it is/was
a cash shell and they are always worth watching.But I've still to be convinced about the product.There is no multi million pound company behind this as originally posted.People still getting out on the way down, probably for about 50% of what they bought at. Would it be worth buying in for 1p?

realistic,

Well the price remained static today.

There were only TWO trades, a 10,000 sell, and a 100,000 sell.

Parker Rowe were trying to "recommend" (er pursuade me) to purchase 100,000 shares, so the 100,000 sell today may well have been one of their customers.

If so, that's a 2,600 loss!

I have heard that if you try and sell, they try and pursuade you to stay in, and it can become a battle of wits. I don't know if that's true, but I would recommend anyone to be VERY insistent if they are reluctant to sell, to the point of demanding to speak to the compliance officer!


I would recommend everyone that hasn't already seen it, buy or rent a copy of "The Boiler Room", an excellent and entertaining movie IMHO.

Is it true that Parker Rowe pushed Techcreation headed by Stephen Dean on behalf of Griffin PLC who are also headed by Stephen Dean ?

Legins knows.

Dil, I don't know if Parker Rowe pushed Techcreation but this was floated as Orientrose 2 and has since changed company name. You can check this out yourself by reading through past RNS & AFX news articles & notices.

Anyhow, it would be more sensible I think if the subject of Parker Rowe has its own thread, as this thread, has been created for Pearl Street Holdings and the +ve or -ve commentary about them.

If you have been following this company, your comments regarding the Health Group / YourHealth Plus products, which have an interesting slant, in that the funds which a company normally sets aside in healthcare insurance premiums are a cost on their Profit & Loss accounts and do not get refunded premiums if there hasn't been a claim. Where as, it seems the corporate YourHealth Plus product funded with money a company sets aside for employee healthcare services but with no claim the fund remains an asset of the company and recorded on their balance sheet.

I should think companies HR & financial directors will be very interested in the benefits.

Well the answer is yes they did push it as Orientrose and they only seem to peddle rubbish picked up on the cheap by Griffin PLC in placements which they then try to knock out to mug punters these being one example along with Tower PLC I believe.

As far as Stephen Dean being a "guru" ... your having a laff.

Alternative to Private Medical Insurance Set to Turn Industry on its Head

Thats seven weeks old.

What does the chart tell you Legins ?

Another Parker Rowe disaster.

Just like any other Dil so whats new on the subject? Whilst you are commenting and following the thread, what are your thoughts of The Health Group and YourHealth Plus? I've been looking at the figures of the YourHealth+ Corporate health care product, seems to look very good? Check this link out The Health Fund Comparison with PMI