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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Public Services Properties Investments | LSE:PSPI | London | Ordinary Share | VGG729641511 | ORD USD0.01 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 335.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 335.00 | GBX |
Public Services Properties (PSPI) Share Charts1 Year Public Services Properties Chart |
|
1 Month Public Services Properties Chart |
Intraday Public Services Properties Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/8/2016 | 13:44 | Public Service Properties Investments | 1,575 |
| 05/4/2012 | 09:29 | Tigers view | 1 |
| 10/2/2012 | 17:46 | pspi | - |
| 28/6/2011 | 10:26 | Public Service Properties - a German Property Play ? | 572 |
| 26/4/2010 | 08:49 | PSPI is yielding 9.6% | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 07/7/2016 17:07 by eezymunny Thanks. I've made a lot of money from PSPI. Dear old Mr Market has mis-priced it after every redemption. Today just multi-bagged on a small, slightly risky (given what we knew at 8am!) trade. The really Eezymunny was made long before! |
Posted at 07/7/2016 16:07 by eezymunny Well, I wasn't far out |
Posted at 07/7/2016 09:18 by eezymunny I reckon the NAV/share post redemption is about 600p :)However the remaining NAV (pretty much all cash I guess) is about £1.38m (by my sums) and there are salaries to pay for continuing directors, wind up costs, potential warranty claims etc to pay. There may or may not be a further distribution in due course. A wild gamble here, so I gambled a few tiny pennies! |
Posted at 10/3/2016 07:37 by pejaten Good news that last three properties have been sold at only 2% less than book value. After taking into account the costs detailed in the various announcements, I make NBV is now around 55p per share. I wonder whether they will return all the cash or the shell will also be used for reverse takeover |
Posted at 23/3/2015 10:34 by buttanc I've bought a few more of these since the sale to Embrace, and don't really understand why the market has them this low, although perhaps there is still something hidden in the opaque final results.In my calculations I made some rough and ready adjustments to get a better idea of NAV. I have assumed that the conditional £2.5 million does not come good, allowed £1.2 million for appreciation of the Pound against the Euro, and £2 million for sale costs. On this basis I make the NAV a little over 29p. Post buyback share NAV would be a bit over 38p. The main risk would be a further decline in the value of the German assets, but this still looks like a good buy to me with NAV 20% above market price, and there is upside as well. I did not understand the logic of the conditional £2.5 million, as it seems to me to be an incentive not to win the contract, as that lands an immediate gain for Embrace, but perhaps there is something in the agreement that covers this. Stemis, why do you say they will be loss making going forward? I have not looked closely at this, but with Euro 2.1 million coming in from the German properties with low borrowings, I had assumed they would be able to more than cover all normal costs. Hope my reading is in the right ball park! |
Posted at 23/3/2015 10:00 by stemis I estimate the net asset value, post buyback, will be 42-49p (depending on receipt of deferred consideration). As ever it's hard to be exact as the numbers in PSPI announcements never seem to balance. That might be an interesting punt at 24p however I'm guessing the German properties aren't that easy to sell (otherwise they would already have been) and the company will operate at a loss until they do. If it drifts further might reconsider. |
Posted at 23/3/2015 07:44 by envirovision Looks like the largest shareholders want out at the present market price, they or things must be fairly desperate to take that offer. |
Posted at 13/2/2015 15:27 by scburbs I only saw the top bit! It does confirm the NAV falls from £51.8m to £32.2m so a massive loss on disposal (including the loss on the German sale announced previously). Another terrible disposal by PSPI with NAV now close to 30p. Was very lucky to get out of these with a good profit! |
Posted at 13/2/2015 14:11 by skyship "The net proceeds from the Disposal, after debt repayment and prepayment penalties, taxation and transaction costs, amounting to approximately GBP14.2 million, will not be used by PSPI to acquire new assets. Some of the proceeds may be used to repay some or all of the remaining debt secured against three of the German properties, with the balance (net of normal course expenditure and contingencies) to be returned to Shareholders in due course. The timing of any distribution to Shareholders may be subject to the timing of further asset disposals in Germany."etcetcetc,,,ad infinitum...a possible shareholder return of an unknown amount at some unspecified date depending upon.... Enviro - Reckon I'll pass for the time-being...but thnx for flagging up. |
Posted at 06/10/2014 12:28 by envirovision Crikey quite here, is anyone still following PSPI after all whats happened. Results published interim September make interesting reading and dividend is under review. |
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