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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phsc Plc | PHSC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 | 22.00 | 22.00 | 22.00 | 22.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
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Posted at 30/9/2021 08:46 by microscope So much for my guess of a small buy or two probably moving us higher. Whoever sold, seems like an odd time given a decent divvy imminent and new buyback authority coming into place.But I'm learning never to second guess sellers. Perhaps an investor or institution needing to balance the books at the end of the quarter, just someone who has lost interest, worried about the wider economic picture, or needed the cash..... So many possible reasons. The old maxim every buyer becomes a seller remains true.If it was yourself CJohn hopefully it works out for you. |
Posted at 18/6/2021 10:09 by dave4545 I trade and I invest.I buy a stock at 10p and might sell at 15p, if it takes 1 day to get there I'm a trader and if it takes 1 year I'm a investor :-)) I'll give you a right iffy one but could be a moneyspinner CMB based in super safe Zimbabwe lol But do have a look |
Posted at 18/6/2021 09:47 by microscope Ok fair enough Dave but ostensibly you are more of a trader than an investor I think when I've seen you on other threads? And I'm genuinely interested. Lots of other penny stocks trading below nav. Are they turning a profit, in a good financial position and, perhaps, paying a dividend? I can think of a couple but that's about itIf you can give me two or three names that would be really appreciated......... |
Posted at 11/6/2021 13:55 by microscope That's entirely fair Dave, I was one of the very first investors when this was on Ofex, (been in and out a few times along the way but always a follower) at if I recall about 50p (nav was a lot less then too) so I'm used to the long quiet spells. It was just that your post suggested you knew of other sellers around the end of the buyback. While I can see the short term logic, I wasn't aware of others having said the same thing.Possibly on a different bulletin board elsewhere?And I'm sure if it gets oversold it won't take long for people to get back in. This company has always had quite a few loyal supporters |
Posted at 10/6/2021 20:39 by microscope 150k delayed trade at 21.83. I'd imagine that's another buyback. Cheers bozzy, fingers crossed it keeps going in the right direction.Still think there's plenty of headroom for new investors too. ;) |
Posted at 19/5/2020 13:54 by lehibou I was looking through the AIM 100 in the IC and I noticed MARLOWE (MRL).This is a company that has rapidly expanded in the fields of health and safety,fire safety, water treatment,law, occupational health and air quality through numerous takeovers of smaller companies .Quite a conglomerate and reminds me of the Slater/Hanson era although Marlowe are mainly using cash plus earn outs. I wish them well, but the point of this rambling is the prices paid and the relevance to PHSC.All millions Company Revenue PBT Net Assets Price Paid Solve Not disclosed (HR and employment law) Managed Occupational 4 0.6 0.6 1.8 up to 3 Health Eurosafe 3.4 up to 2.5 Law At Work 5.4 1.0 2.2 6.3 up to 10.3 (subscription based employment law and Health and safety) Fire and Safety 4.3 0.6 1.2 2.4 up to 2.7 Systems Ltd Quantum Compliance 4.5 0.5 1.0 4.0 up to 7.2 (health and safety) Current Market Value PHSC 4.43 0.28 5.3(?) 1.5 (inc 0.7 cash) So what is my point. Marlowe seem to have a penchant for buying small companies that help others with the necessary but “irritating “We look at whether a company would be worth more to a trade buyer or a private equity investor” N.B All the Marlowe and PHSC's figures are pre COVID 19 but I think this demonstrates that when normality(?) returns and Health and Safety are still paramount in both company and public minds, then a re-evaluation could occur. I have a holding and after my own analysis have bought more. I am happy with my position and the income stream (final might be passed as per other companies!),and view it as a long term holding but would not fight too hard against a takeover at the right price. But these are my musings. I would be interested in other thoughts. As ever DYOR please, and not take the above as an investment recommendation. I am using my own money and my own research for better or for worse. Again I repeat DYOR. , |
Posted at 22/12/2019 17:13 by cjohn Obviously, writing off goodwill makes no difference to the economic reality of a company. It's an accounting item.And I can't remember a case of writing off goodwill actually IMPROVING investor attitudes to a company, hence producing a price rise. Sometimes, where the market has unrealistic expectations of a company, which is therefore trading at very high multiples, writing off goodwill may as a shock induce a sense of realism in investors, who then sell out and so the share price drops. I wouldn't expect that to happen with PHSC. Sentiment is already negative towards the security division. If they had a sustained period of decent trading, then the share price could appreciate significantly. |
Posted at 23/4/2018 11:46 by michaelx105 Does anyone know if they ever attend investor shows? |
Posted at 10/1/2018 10:47 by microscope Thread re-written due to issue with previous header.It's been over 12 years on the current active thread.. So i think PHSC is a deserving candidate for a new makeover! The company is involved in Health and Safety, and the parent company has grown by acquisitions over a period of about 30 years. One of them (all will be revealed later in this post...) is a hidden gem imho, and the key reason for my investment here. There are eight sub-divisions, and a summary of each can be found in last month's interim results here: which showed an ebitda profit of just under 200k overall, and a dividend of 0.5p a share, with cash at period end of £129,000. With just under 14.7 million shares in issue, and a share price of a mere 12.25p at the time of scribbling this, the market cap is a miniscule £1.9 million, so the dividend is unusual for a company of this size. Pro forma nav was no less than 38.7p per share at these interims. So you're looking at these numbers and wondering why the market cap is quite so low.. Something doesn't add up.... .....You're right of course. The catch is Adamson's laboratory, one of their divisions, specializing in asbestos management. It imports materials and the falling pound has hammered them. Despite hefty cuts and lay offs, parent management concluded that 'they are unable to come up with a successful turnaround plan, and as a result, one of the two plants will be closed, with disposal of the factory. Costs will be in the second half of the year, including redundancy payments.' The first half loss in that division was £71,500 including redundancy cost, and it's clear there's more to come. The other plant will move to an intermediary business with a skeleton staff. The 2016 finals included around a 500,000 writedown of the Adamson's business. However a note to the 2016 accounts said that it from then would have "zero carrying value" ie no further goodwill writedowns. So it will just be costs. Of course it will hurt the second half and therefore year end results. The spread can be brutal, anything recently from 0.5p to 3p, depending on which market maker is on the bid/offer etc at any given time. That's the bad news. The Better news is that six of the other seven other divisions are trading profitably (a couple of them marginally, the other four healthily), with strong growth in the B2B field. The only other losing division was a tiny 19k loss because of the costs of adopting updated accounting standards. It will be borderline I think whether they make an overall profit for this year given the Adamson's situation, but in six months time that will be behind them, and they will be able to sell the closed plant at some stage. Even so yield is 4% (xd currently) if they don't pay a year end divvy. One division really stands out for me. And this is where I would argue, very strongly, that PHSC's 'hidden value' is actually pretty special at the current share price, even accepting the short term difficulty of the Adamson's situation. Here it is: (Remember this is just for SIX months!) QCS International Limited Invoiced sales of £372,100 yielding a profit of £145,900 (the figures for the same period last year were £258,600 and £67,300). And then you read the statement "There are high expectations that QCS will continue to exceed targets for sales and profits in the delivery of quality management consultancy and training services. Sales are already looking promising with high levels of training already secured, and additional income expected from new consultancy projects recently won" I can assure you, Stephen King (CEO of overall company PHSC, and very experienced, also owns about 22% of the equity) is a born pessimist, I followed this company back in Ofex days some 15 or so years ago. it's the most bullish statement I've ever heard from him. Were QCS ever to be floated off, it would imho on these numbers float comfortably for a whole lot more than the entire £2 million market cap of the whole company (and that is why goodwill and nav is actually valuable in PHSC's case). For anyone able to take a longer view, the market cap looks to have discounted far too much. net assets are in the region of 25p a share and although cash is £129,000 at the report date, the fact they felt able to pay a healthy divvy suggests it is not a concern. They have a guaranteed but uncalled up loan of £300,000 from HSBC too. If they ever took the business private (a stick posters have used against them for ten years) shareholders would imho certainly get more than 12.25p. Won't happen in my view anyway, they could have done it years ago and have never shown any interest in doing so. You almost invariably get a warning sign of these situations, a company will start moaning about listing costs. Has never happened here. I could see them making £250,000 when they announce the interims in a year's time, with a decent second half ahead. As always, dyor, caveat emptor and all imvho. All info in this post is in good faith, but I am an amateur investor, so please verify for yourselves and am happy to correct or update any errors/omissions that you spot. |
Posted at 19/8/2016 08:25 by microscope Always liked this company and its well run business, but in this case sledgehammer/nut come to mind. Tactless, arrogant and dismissive of long term shareholders imho.Maybe we should forgive this one botched episode, but if private investors conclude otherwise and sell, management can hardly complain. |
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