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PNX Phoenix It

158.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix It LSE:PNX London Ordinary Share GB00B0315W65 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 158.50 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 0 158.50 GBX

Phoenix It (PNX) Latest News

Real-Time news about Phoenix It (London Stock Exchange): 0 recent articles

Phoenix It (PNX) Discussions and Chat

Phoenix It Forums and Chat

Date Time Title Posts
30/6/201519:54Phoenix IT Group plc290

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Phoenix It (PNX) Most Recent Trades

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Phoenix It (PNX) Top Chat Posts

Top Posts
Posted at 30/6/2015 18:53 by grigor
Why is the share price over the offer price at the end of today?
Posted at 21/2/2014 08:25 by essential
Very quiet on here! Just bought in. The chart looks very strong with RSI over 50 and it looks like the price could hit the 200dma at about 140p
Posted at 05/6/2013 18:38 by aleman
Woodcutter - nothing to scare me off. Might have even picked some up if I had spotted the results first thing. Would still consider around current prices as seems to be pretty good value.

I was curious about the pension assumptions. In the last year, female life expectancies crept up 0.1 year. Men's life expectancies fell 0.6 years for 65 year-olds and 0.9 years for 40 year-olds. Why are men in PNX pension schemes bucking the trend everywhere else and dying sooner.
Posted at 03/6/2013 18:06 by major clanger
PNX upgraded by Investec:

http://www.brokerforecasts.com/news/article/articleId/4606377
Posted at 25/4/2013 18:03 by woodcutter
Aleman/WJCC

This cropped up on one of my TA filters on MACD. Could this be another turnaround like FIF for the patient? The FIF management team had previous highly rated performance something i need to investigate more for PNX.

Despite the potential dividend cut the cash flow looks very interesting at £14.2m with £1.8m interest (excluding pension interest.) The depreciation/capex spend is only £6.6m/£5.2m not that bad. Previous years depreciation/capex almost balanced too so not a common feature.

The forward order book is £284m at end sept, now £322m
The annual contract value is £188m at end Sept, now £194m

This years revenue prediction (digital look) £247m. So far this years revenue £124m so not impossible.

Going forward this looks pretty decent, annual contract value 76% of this year possible revenue (Am i reading that correctly?)

EV £201 (includes all debt)
EBITDA £28m roughly (ptax £15m, I,D&A £13m)
EV/EBITDA 7.2

DEBT £93 (all debt less cash)
EBITDA £28m
DEBT/EBITDA 3.3

debt to ebitda looks high but my estimate of ebitda was conservative (i think). The order book and annual contract values coupled with the cash generated makes it look a reasonable investment to me. As the cashflow pays off the debt as with FIF we'll begin to see improved eps.

The risks are new management team needed in parts of business including additional directors, time spent reorganising accounting functions after restatement/impairment, potential loss of one or more major contracts and therefore annual contract revenue.

On the upside there is a lot of work available and with a bit of restructuring to turn the mid market sector around it could be very profitable going forward.

Appreciate your comments guys.

Aleman can you remember the early FIF DEBT/EBITDA ratio when you first bought in? I think it was about 2.7.

Woody
Posted at 02/5/2012 17:23 by dangersimpson2
Looks like some late volume and a very strong closing auction for what is usually a very boring and less-followed share.

We didn't seem to get the April trading statement and notice of results as in previous years so maybe there's some other news in the pipeline - anyone heard anything?
Posted at 10/4/2011 15:09 by grigor
I think there will always be a need for an actual physical continuity business providing IT equipment and offices which are ready to use at short notice.

PNX can also float off into the clouds!
Posted at 14/2/2011 17:25 by s2lowner
Interim Management Statement
Date : 14/02/2011 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : Phoenix It (PNX)
Quote : 248.0 -41.0 (-14.19%) @ 16:53
Quote Chart Trades Level2
Interim Management Statement
Share this article
TIDMPNX

RNS Number : 1430B

Phoenix IT Group PLC

14 February 2011

14 February 2011

Phoenix IT Group plc

Interim Management Statement and Appointment of Finance Director

Phoenix IT Group plc releases its IMS relating to the period from 1 October 2010 up to the latest practicable date prior to the publication of this statement 14 February 2011. Financial Data is for the Group's third quarter (1 October 2010 to 31 December 2010) unless otherwise stated.

Financial Position

Revenues and Underlying profit before tax for the third quarter were in line with the Board's expectations. Servo had a strong third quarter and we continue to see good growth in both hosting and other "cloud" services.

The Group's annual contract value ("ACV") has remained stable. At 31 December 2010 group ACV was GBP198.4 million (31 December 2009: GBP193.5 million) compared to GBP198.4 million at 30 September 2010 (30 September 2009: GBP178.7 million).

The Group order book has reduced from GBP360.7 million at 30 September 2010 (30 September 2009: GBP266.7 million) to GBP335 million at 31 December 2010 (31 December 2009: GBP323.9 million).

ICM / Servo Integration

As previously announced we are in the process of combining our two end user businesses which will be functioning as one company from 1 April 2011. We will enter the new financial year with a more powerful mid market focused organisation with a wide breadth of services with a particular focus on managed hosting and other cloud services. As a result of this reorganisation we will incur some one-off restructuring charges in the final quarter of the current year.

Outlook

The outlook for the current year remains unchanged.

We continue to face price pressure in the partner division, some of which is attributable to the Government's cost cutting measures. The pipeline for larger contracts in the partner business has some good early prospects, however it is unlikely that any of these will be commenced in the next 6 months. Overall, the board's expectations for the group next year are similar to those for the current year.

Appointment of Finance Director

We are delighted to announce the appointment of Steve Clutton as Group Finance Director who will be joining the company on 1 March 2011. Steve was most recently Group Finance Director of IG Group Holdings plc between October 2006 and August 2010. Previously he has served as Chief Financial Officer at the UK Retail Banking division of Barclays Bank, Interoute Telecommunications Limited and British Telecom's international business. A chartered accountant, Steve has also held senior roles within corporate finance at BZW and Bt. He will bring extensive financial and commercial experience from operating within a range of companies.

There is no other information required to be disclosed in accordance by LR 9.6.13

Enquiries:


Phoenix Tel: +44 (0)1604 769000
Peter Bertram Executive Chairman
Nick Robinson Chief Executive Officer


Financial Dynamics Tel: +44 (0)20 7831
3113
Charles Palmer
Haya Herbert-Burns
Nicola Biles

This information is provided by RNS

The company news service from the London Stock Exchange

END

IMSGGUUUPUPGGBW

Phoenix It (LSE:PNX)
Historical Stock Chart
1 Year : February 2010 to February 2011

Phoenix It (LSE:PNX)
Posted at 09/10/2010 08:59 by milacs
Wonder what has prompted the share price recovery.

Take over possibilities?

M
Posted at 19/8/2010 09:05 by milacs
Difficult to understand why the share price has fallen so far.

Could it be that the price has been taken down to this level so that a T/O bid of 300p looks good?

M
Phoenix It share price data is direct from the London Stock Exchange

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