Panmure looking like a solid recovery play.

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Panmure Gordon & Co. plc
01 June 2007



Panmure Gordon & Co plc

TRANSACTION IN OWN SHARES

Panmure Gordon & Co. plc ('the Company') announces that it has today purchased
in the market 50,000 of its own Ordinary Shares of 4p each to be held in
treasury. The shares were purchased at a price of 151.25p.

Following the above purchase, the Company holds 2,296,471 Ordinary Shares as
treasury shares. The total number of Ordinary Shares in issue (excluding shares
held as treasury shares) is 68,155,968.

-ends-

Enquiries:
Sarah Wigley, Company Secretary 020 7614 8395



This information is provided by RNS
The company news service from the London Stock Exchange

And another today, good response in the SP too

Reccommended in today's SHARES, as a takeover target Any opinions on this.

I have just added to my watch list, pmr with a 34.4m cash pile could be a target as shares state. They are certainly bombed out at the moment, but the only broker following them Arden has a sell rating on them, but I wont give that to much credence after looking back at there forecast for GTL last year.

When looking at the balance sheet I noticed that the staff cost seem very high at 42m against a turnover at 65.2m for the year. They also sponsored most small cap floats in the first half of 2007, but this mostly dried up in the second half.

So not sure about a purchase just yet, I will await some more news ond info first, but I did like the tone of the last .Chairmans statement. See below

"Tim Linacre, Chief Executive, said 'We are financially robust, have great
brands, a transparent business model, talented staff and a strong reputation.
We had an excellent first half and a tougher second as global market turmoil
impacted both our industry and our clients. We have no exposure to esoteric
financial instruments, nor do we have any off balance sheet exposures. We have
continued to build on the firm's strengths, and we are focused on achieving a
satisfactory financial performance in 2008, irrespective of market conditions,
and ensuring the business is well placed for when conditions improve."