Phsc Share Discussion Threads

[zangdook] 02/4/2024 09:02

173,617 is the number of shares bought from directors on 28 March, however the RNS states "the Buyback Shares above therefore include Ordinary Shares acquired by the Company from Stephen King and Nicola Coote".

They've forgotten to add them in to the total. Correction awaited.

[zangdook] 02/4/2024 08:43

The share count has decreased by 753,384 from 11,034,237 pre-bb to 10,280,853 now, so there must have been an unannounced buyback of 173,617.

[zangdook] 02/4/2024 07:51

Today's announcement makes no sense.

- The buyback was for £200,000.
- On 27 March they bought 353,384 shares ave 26.59p = £93,964.81.
- On 28 March they bought 226,383 shares ave 26.5p = £59,991.50.

Total £153,956.31.

How have they "effectively reached the authorised amount for the Buyback Programme"? Costs cannot be £46k.

[ntv] 26/3/2024 11:27

Some volume coming through today so presume it is the start

[ntv] 20/3/2024 17:13

Nice to see the buyback start again

[zangdook] 19/3/2024 07:55

"Any shareholders wishing to sell Ordinary Shares pursuant to the Buyback Programme should contact Novum on 020 7399 9427."

[lehibou] 19/3/2024 07:23

Good to see further buybacks. Another £200000. Still cash flow positive after all the increased costs mentioned in previous announcements.

[lehibou] 22/2/2024 14:57

Marlowe (MRL) disposal.Is this of any significance to PHSC ?

[ntv] 04/12/2023 20:55

lehibou
Let us hope this is the beginning of a sustained recovery for the business

[lehibou] 02/12/2023 23:26

Also the security division, that was a drag on profits, now looks to have turned the corner.If the cash flow continues to increase then I would not be surprised for a combination of increased final dividend and further buy back. Perhaps too optimistic, but the directors have a large percentage of their holdings in tax efficient rappers and the IR have dramatically reduced normal tax free dividends. A yield of 8% as well.Solid,high income,small companies are difficult to find.An earnings enhancing purchase would also help.

[ntv] 01/12/2023 17:13

THE COMPANY HAS RECENTLY INCREASED IT'S INTERIM DIVIDEND BY 50%
LAST YEARS FINAL WAS INCREASED BY 100%
NETT ROLLING DIVIDEND IS 1.75p
SMALL BUYBACKS APPEAR TO BE CONTINUING WHEN THE NETT CASH BUILDS UP AND THEY THEY HAVE NO OTHER USE FOR IT
TWO DIRECTORS HAVE PLENTY OF SKIN IN THE GAME

[russman] 17/11/2023 06:50

nice divi.

[lehibou] 16/11/2023 08:32

Good to see that the security section is performing better with the emphasis on groceries. If they can get some real momentum going there then PHSC's profits will dramatically increase. Staffing difficulties are not unique to them, good to see it being addressed in a positive manner. I think that end users accept some increase in costs as a fact of life these days.
8% yield at 22p, well covered, dividends increased ,will eventually be discovered by small company income Funds.
I personally think that it should be trading in excess of net assets, as these results validate the goodwill and remember that the security side is valued at zero in net assets.
DYOR please

[ntv] 16/11/2023 07:26

Nice increase in dividend at the interim stage
Nett cash building again

[ntv] 12/9/2023 15:13

I wonder if they have picked up any extra work from schools with regards to RAAC?

[zangdook] 23/8/2023 11:45

buyback around 85% complete in two days. I wonder if they'll extend it some more.

[zangdook] 22/8/2023 10:50

They should be able to start soon, the price has been fairly stable for the last few trading days.

[ntv] 16/8/2023 09:40

imho No reason for the company to buyback if the share price is 30p

[lehibou] 16/8/2023 08:02

The Company have limited themselves to maximum 5% over the mid-market price over the 5 previous trading days. My reading of the RNS is if traders take the price to i.e. 30p and it remains there for 5 days the Company can pay a max of 31.5p. As always DYOR.

[zangdook] 15/8/2023 15:27

perhaps speculators then. I doubt they'll do well.

[ntv] 15/8/2023 15:19

Looking like a too higher price to me

[zangdook] 15/8/2023 14:58

probably the company, or is the price higher than they allow themselves?

[ntv] 15/8/2023 14:36

I wonder who is buying today in the big volume?

[blackhorse23] 08/8/2023 08:36

Out from profit & bought APH

[zangdook] 08/8/2023 08:30

I should have bought back in in anticipation of the buyback, if not the dividend hike. The MMs were on the ball this morning.