Panmure looking like a solid recovery play.

Link To Homepage

I support the recommendations they make, and do believe that they have the right view on several stocks at the moment.
As you say they have had a fairly torid time but I believe a recovery is well underway, Most Improved Firm Excel Survey 2005, and the market has not yet caught on to this.
I also think they are in a great position to succeed in becoming a much larger firm as Asian / Indian economies grow and more companies float on AIM etc.

Maybe in a couple of years there Asain dealings will mature into something great, maybe one for '07 but far better pickings elsewhere at the moment. Best of luck Mr Potts.

Thanks explosive, thinking of a purchase in the next few weeks - at a nice price to get in at the moment.

Nice article in the shares mag.
Board expressed their interest to improve the sp, complaining that shorters were driving the price down.
new, bigger and much more valuable IPO's becoming a regualr feet for Panmure - honestly think this could double in one/two years.

Looks like a nice graph is developing, slow but steady progress on a solid upward trend line.

COMPLETION OF ACQUISITION OF THINKEQUITY PARTNERS LLC ('THINKEQUITY')
AND BOARD APPOINTMENTS

Summary

Acquisition of ThinkEquity completed on schedule

Mix of consideration between cash and equity reflects ThinkEquity's
profitable performance in Q1

Tim Linacre, CEO of Panmure Gordon, said:

'I am delighted the transaction has completed. It is particularly encouraging to
see that ThinkEquity is expected to have a record quarter in the three months to
end of March 2007, building on the previous record quarter of the three months
to December 2006. ThinkEquity has a most encouraging Investment Banking
pipeline, and there are good prospects for further growth in the Wealth
Management business.'

******

Further to the announcement of 20 February 2007 the Board of Panmure Gordon are
pleased to confirm that, the appropriate regulatory clearances having been
received, the acquisition of ThinkEquity has now been completed.

The consideration for the acquisition was $35.9 million for the equity of
ThinkEquity and US$26.4 million for the assumption and repayment of debt and all
current liabilities and the recapitalisation of the business. The reduction in
the proportion of the consideration represented by the assumption of debt
results from the profitable performance of ThinkEquity in the first quarter of
2007 after including a full accrual for bonuses in respect of that period. The
consideration is funded by the issue of a total of 9.1m new shares in Panmure
Gordon (of which 7.2m are issued now and up to 1.9m will be issued over the next
eighteen months) and $3.6m of cash from Panmure Gordon's own resources. The
assumption of debt and liabilities is being funded by $22.9m of cash from
Panmure Gordon's own resources and the issue of up to 0.97m new shares over the
next three years.

In respect of the number of shares to be issued, the share price and the
exchange rate have been fixed at 181.5p and $1.962 to GBP 1 respectively.
Application has been made to the Alternative Investment Market of the London
Stock Exchange for the admission to trading of 7.2m shares, which will rank pari
passu in all respects with the existing share capital of the Company. It is
expected that the shares will be admitted to trading on 5 April 2007.

As previously announced a contingent performance pool has been established over
an additional 16.85 million shares available for award over the next three years
dependent on a number of conditions including financial performance targets. At
all levels of vesting; the transaction would be earnings enhancing for Panmure
Gordon. Any shares issued by way of the contingent performance pool will vest
over the period 2009 to 2013.

Michael Moe, Co-Founder, Chairman and CEO of ThinkEquity and Deborah Quazzo,
Co-Founder, President and Head of Investment Banking at ThinkEquity are both
appointed as Directors of Panmure Gordon with immediate effect.

Michael Moe, aged 44, is a founding partner of ThinkEquity Partners LLC and was
formerly Director of Global Growth Stock Research and a Managing Director at
Merrill Lynch. Prior to joining Merrill Lynch in 1998, Michael was a Senior
Managing Director and Director of Growth Stock Strategy at Montgomery
Securities. He is a member of the New York Society of Security Analysts, a
member of the San Francisco Analyst Society and is a past advisor for the Center
of Innovation. As a result of the acquisition, Michael will initially hold
1,156,700 shares in Panmure Gordon, representing 1.88% of the enlarged share
capital.

Deborah Quazzo (nee Hicks), aged 46, is the co-founding partner of ThinkEquity
Partners LLC and heads the firm's Investment Banking practice. Formerly a
Managing Director in Investment Banking at Merrill Lynch, Deborah founded and
headed Merill Lynch's Global Growth Group. Prior to her 13 years at Merrill
Lynch, she worked at JP Morgan. As a result of the acquisition, Deborah will
initially hold 1,214,418 shares in Panmure Gordon, representing 1.98% of the
enlarged share capital.

Save as set out above, there is no further information regarding these
appointments to be disclosed in respect of the AIM Rules

Panmure Gordon announced preliminary results for the year ended 31 December 2006
on 13 March 2007. These results showed adjusted earnings per share of 15.8p and
included the following extracts about outlook:

'The New Year has started well for us and, although markets have very recently
been more volatile, our corporate finance pipeline is encouraging.' 'Our
institutional equities business is performing well'.

This remains the case.

Performance of ThinkEquity

ThinkEquity's results will be consolidated from 1 April. The three months ended
31 March 2007 will be a record quarter for ThinkEquity following on from a
strong last quarter in 2006, itself the previous record quarter. In the three
months to 31 March 2007 the business will produce profits after bonuses and
interest in line with expectations with a particularly strong performance of
Investment Banking. The pipeline for Investment Banking for Q2 and the rest of
the year is most encouraging. There are good prospects for growing the wealth
management business.

END

A bit late but here is an extract from their most recent results which make very good reading.

Panmure Gordon & Co. plc
13 March 2007


13 March 2007


PANMURE GORDON & CO. PLC ('PANMURE GORDON' OR THE 'GROUP')

Preliminary Results for the year end 31 December 2006

Panmure Gordon & Co. plc today announces preliminary results for the year ended
31 December 2006. Panmure Gordon together with its subsidiaries is a UK
corporate and institutional stockbroker focusing on corporate finance and
broking, institutional sales and trading, equity research and market making.

HIGHLIGHTS

Financial Highlights

Net revenue up 41% to 42.4m

Adjusted profit before tax up 113% to 12.9m

Adjusted earnings up 62% to 9.8m

Adjusted earnings per share up 17% to 15.8p

Strongly cash generative with net cash of 40m at year end

Business Highlights

First full year of operation following the Durlacher transaction in 2005

Good financial performance with strong improvement in operating results
and continued focus on cost control

Well balanced business with approximately half of revenue coming from
institutional equities and half from corporate finance

Since year end have announced the opening of a Liverpool office and the
acquisition of ThinkEquity, a fast growing US based investment bank

Operating Highlights

Revenue per employee up 21% to 345k

Ratio of employee compensation to turnover held at 55%

Average daily institutional net revenue up 65% to 81k

Cash generation from operating activities up 44% to 17.0m


Tim Linacre, Chief Executive said: '2006 and the first few months of 2007 have
been a very active and successful time for the business. Not only did the firm
produce good financial results but, through the continued process of internal
improvement, the soon to be opened Liverpool office and the acquisition of
ThinkEquity, we have established a platform for further profitable growth. The
New Year has started well for us and, although markets have very recently been
more volatile, our corporate finance pipeline is encouraging and our
institutional equities business is performing well. While we expect to complete
the acquisition by the end of March, the performance of ThinkEquity in the first
months of the year and the outlook for the rest of the year is very
encouraging.'


For further information, please contact


Tim Linacre, Chief Executive
Panmure Gordon & Co. plc 020 7614 8300

David Rydell/Nick Lambert/Chris Hamilton
Bell Pottinger Corporate & Financial 020 7861 3232



PANMURE GORDON & CO. PLC


CHAIRMAN'S STATEMENT

It gives me great pleasure to offer my first statement as Chairman of Panmure
Gordon.

2006 was our first full year of operation of the 'new' Panmure Gordon following
the merger with Durlacher in 2005. The integration of the two firms was sensibly
handled, and quickly completed during 2005. The strong financial performance in
2006 would not have been possible without this accomplishment.

The firm's revenue rose to 42.4m in 2006, an increase of 41% on 2005. Operating
profit before goodwill amortisation, FRS 20 option charges and exceptional
charges, also grew to 11.6m. All areas of the business performed well, with
revenues being generated in fairly equal proportions by Corporate Finance and
Institutional Equities. During the year we acted as financial advisor or broker
on 13 UK public offers worth over 4 billion and acted as sponsor, nomad,
bookrunner or broker on 10 IPOs.

The volatile stock market environment during the year provided a challenge to
all parts of our firm. The fact that we ended the year with a record result, and
enjoyed from October to December our strongest quarterly performance,
demonstrates to me both the strength and momentum of our business. Our share
repurchase plan, which we put into effect during the year, was designed both to
return some cash to shareholders, as well as to demonstrate our confidence in
the condition of our business.

The Chief Executive's statement will review in more detail the development of
Panmure Capital and its migration, in early 2007, into Loudwater Trust Limited.
We are pleased to have helped to give birth to Loudwater, and I believe that the
spin-off to a listed public company is in the interest of shareholders.

During 2006, we gave considerable thought as a Board to the opportunities to
grow Panmure Gordon's business. While continuing to strive for excellence in our
existing business must always be a priority of the first magnitude, we saw a
number of opportunities to develop our business through organic growth,
acquisition and merger. The opening of a Liverpool office, and a strategic
alliance with GMP Securities, were examples of opportunities we identified, and
we expect both will make important contributions in 2007.

During 2006, we began discussions with a privately held, fast growing San
Francisco based investment banking firm ThinkEquity Partners LLC, and in
February this year announced the acquisition of ThinkEquity.

Following completion of the acquisition in March 2007, our business will truly
become 'dual national' - and we will confidently be able to serve clients in the
US as in the UK. Whether seen in the growth in the number of our offices (one to
eight), the volume of shares we will trade, the number of institutional clients
we will serve, the number of capital raisings we will manage, or even simply in
the number of staff in our firm (from 125 to over 300), our business has been
transformed. We are excited about the combination of two firms who share
similar, entrepreneurial values, and about the chance to build a unique 'bridge'
between the growth equity markets in the US, and the international institutional
market that exists in London. I believe Panmure Gordon will be a wonderful,
exciting and rewarding place to work.

I look forward to welcoming Michael Moe and Deborah Quazzo, co-founders of
ThinkEquity, on to our Board on completion of the transaction.

During 2006, Richard Wyatt stepped down as Chairman of Panmure Gordon, but
continues to serve as a Non-Executive Director. Richard was a primary architect
of the new Panmure, and these brief words will not in any sense do justice to
the contribution he has made to the healthy condition in which we find
ourselves. However, I would, on behalf of our employees and shareholders, like
to thank him deeply for his efforts.

At the beginning of 2007, Simon Heale joined the Board as a Non-Executive
Director, and I formally welcome him to the Board.

Following his appointment as Chairman of the Loudwater Trust, Howard Flight
informed me that he would not be standing for re-election to the Board at the
Annual General Meeting. I would like, on behalf of the Board, to thank Howard
for his contribution over the years to the Board of Panmure Gordon and its
predecessors.

I would also like to express my gratitude to our staff for their efforts during
2006. 2007 starts as a year of great promise for Panmure Gordon, but also will
be a year of hard work. I wish all our current employees, as well as those
joining the firm, best wishes for success in 2007.

Charles Stonehill
Chairman
12 March 2007



CHIEF EXECUTIVE'S REVIEW

Introduction

I am pleased to report on a particularly good set of results for a year in which
Panmure Gordon made excellent progress in establishing itself as a leading
independent stockbroker. Since the end of the year we have made further progress
through announcing the opening of an office in Liverpool and the acquisition of
ThinkEquity, a fast growing US investment bank, both of which will provide
further impetus to growth and represent major expansions of the business. I talk
about these in greater detail below.

As well as the strong financial performance of the business in 2006 there were a
number of other highlights, including:

Acting as financial advisor or broker on 13 UK public offers worth over
4 billion
Assisting corporate clients to raise over 1 billion on the public and
private markets
Improving the quality of our corporate client list
Converting our holding in Panmure Capital into a stake in Loudwater Trust
which was floated in January 2007

Results

The business performed well during 2006 with a particularly strong last quarter.
In December 2006 we announced that the performance of the business was ahead of
market expectations and that our revenue would be not less then 41m with
adjusted earnings per share of not less than 15p. In fact the business produced
revenue of over 42.4m (2005: 30m) adjusted profit before tax of 12.9m (2005:
6.1m) and adjusted earnings per share of 15.83p (2005: 13.55p). It is also
particularly pleasing to note the strong cash generative nature of the business.

I set out below further explanation of these numbers.

Underlying Operating Profit and Earnings

In order to give a more clear and consistent view of operating performance than
is contained in the statutory profit and loss account, I have set out below
operating profit and earnings on an adjusted basis, excluding non-cash
accounting requirements such as the FRS 20 option charges.

Directors are buying too;

Panmure Gordon & Co. plc
12 April 2007




Panmure Gordon & Co plc

DIRECTOR SHAREHOLDING


Panmure Gordon & Co. plc ('the Company') has been advised that Deborah Quazzo, a
Director of the Company, purchased 33,110 ordinary shares of 4p each in the
Company on 10 April 2007 at a price of 152p per share.

Following this transaction, Mrs Quazzo's beneficial holding in the Company's
shares is 1,247,528 ordinary shares (1.82%).

In at 147, slightly below Mrs.Quazzo's purchase price

Panmure Gordon & Co. plc
02 May 2007




Panmure Gordon & Co. plc
('the Company')

Annual General Meeting

Chairman's Statement

At the Annual General Meeting of Panmure Gordon being held at 2.00 pm this
afternoon, Charles Stonehill, Chairman of the Company, will make the following
statement on behalf of the Board:

'Since the publication of our results on 13 March 2007 the business has
continued to make good progress.

Our Corporate Finance pipeline in London remains encouraging and stronger than
at this stage last year and we anticipate both a busy end to the first half of
this year and a strong second half. Separately, a major focus for the growth of
our UK business has been the establishment of our Liverpool office which opened
in April. We expect to see this office grow significantly over the next two
months as we continue to recruit exceptionally talented individuals. We now
anticipate that this office will have between 15 and 20 staff by the end of this
year. This office builds our corporate finance capability in the North and will
further broaden our research capability.

We assumed control of ThinkEquity, now our US business, at the end of March. The
business, prior to coming into our ownership, was profitable in the first
quarter of 2007, providing an encouraging indication of its ability to develop a
strong and profitable business in the US growth sectors in which it operates. In
March 2007 ThinkEquity became part of a network of five firms organised by
Goldman Sachs to provide research coverage of companies that issue equity
securities in offerings led by Goldman Sachs. This further underscores the high
regard in which ThinkEquity is held. We see good growth prospects for
ThinkEquity for the rest of this year and into the foreseeable future.

The business is in good shape, well capitalised and able to serve our clients
both in the US, Europe and elsewhere. We look forward to continued progress
during the rest of 2007.'

Up 5% on the back of this news.

Panmure Gordon & Co. plc
04 May 2007




Panmure Gordon & Co plc

TRANSACTION IN OWN SHARES

Panmure Gordon & Co. plc ('the Company') announces that it has today purchased
in the market 350,000 of its own Ordinary Shares of 4p each to be held in
treasury. The shares were purchased at a price of 151.5p.

Following the above purchase, the Company holds 2,206,471 Ordinary Shares as
treasury shares. The total number of Ordinary Shares in issue (excluding shares
held as treasury shares) is 68,245,968.

Buying back shares should lend support to their recovery and beyond.

Picking up the momentum - good time to buy. The new ArmorGroup.

Article in Shares magazine today - Jiist is strong buy.

Topped up, good price for recovery to 220p

Further share buy backs should help give support to the SP and news will hopefully propel it fowards,

Panmure Gordon & Co. plc
31 May 2007




Panmure Gordon & Co plc

TRANSACTION IN OWN SHARES

Panmure Gordon & Co. plc ('the Company') announces that it has today purchased
in the market 40,000 of its own Ordinary Shares of 4p each to be held in
treasury. The shares were purchased at a price of 151.5p.

Following the above purchase, the Company holds 2,246,471 Ordinary Shares as
treasury shares. The total number of Ordinary Shares in issue (excluding shares
held as treasury shares) is 68,205,968. This figure may be used by shareholders
as the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Disclosure and Transparency Rules.

-ends-

Enquiries:
Sarah Wigley, Company Secretary 020 7614 8395



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

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.