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Real-Time news about Psg Solutions (London Stock Exchange): 0 recent articles
|tomoslewis: It is difficult to tell exactly what real margins are being acheived on the £48m contract. I would anticipate that at this stage, with only circa 25% of the contrect fulfilled at september, the recognised profit is conservative and that there is more margin as milestones are acheived. I am looking for full year eps of circa 28p which makes the current share price look rediculously cheap.|
|tomoslewis: Fido. It looks as if current shareholders agree with you, I certainly do. Its reasuring to see that the share price is still holding its own in these troubled markest. But not long to wait before results, should be round the end of November based on last year.|
|tomoslewis: Fido, I think it gives confidence, it only takes a few small trades to move the price though. I am waiting for confirmation of the effect of the recent massive contract and info on the order pipeline. If the margin on the recent contract is anything like they acheived in the security business last year, I will be very happy. Other people must have done the sums too, so I expect the share price to keep on moving in the right direction.|
|andrbea: from 5 days back:
In a sea of red there were some risers this week. Legal property search specialist PSG Solutions (trading down 8.4 per cent today, at 87.5p) more than doubled in value early in the week after the company extended a major contract and announced a bumper share buy-back programme. On Tuesday PSG revealed a 400 per cent increase to a contract with the British government. It will now receive an additional £39million through the amended deal, taking the total contract value to £48.7million. Then on Wednesday it told investors that it will buy-back 5.55 per cent of the company's shares at 200p each a massive 277 per cent premium to the 53p-a-share price at the start of the week.
Read more: http://www.thisismoney.co.uk/money/markets/article-2022854/SMALL-CAP-MOVERS-AIM-investors-suffer-squeeze.html#ixzz1UiMkkEdR|
|philmar089: with the contract win what do you think the share price is worth thanks phil|
|beauuk: Hi squaddie... you're not quite alone, I read a lot but don't write very often. Let's hope we get a bit more interest in the future now they're finally giving us back something. Beats me why they couldn't have just started to pay a dividend like other companies....I presume that all the big shareholders (who look after their own interests) are 50% tax payers, so want capital gains @ 28% instead! I suppose we can't blame them for that, but surely if Psg was paying regular dividends its share price would rise accordingly and both they and us would have potential capital gains as well as income. Perhaps that's just too simple!
P.S. I think that £5 million is more like 18 pence per share (Issued shares total 27,533,240 at 31 March 2011).|
|beauuk: The next question is not how much cash they will return, but how they intend to do it........if they intend to start paying a dividend, they could have done it now.......if you look at the agenda for the AGM, you will notice that there is a proposal to authorise the company to purchase up to 40% of its existing issued share capital. A share buy-back is often referred to as "returning cash to shareholders" because it creates a new buyer in the market and can push the share price up considerably - to the benefit of all shareholders. In the case of a company such as PSG (which does not have a very active market) a vigorous buy-back programme could send the share price soaring even if such purchases fall short of the 40% for which they are seeking authority.
Wouldn`t it be nice if the directors were a bit more concerned with keeping their shareholders informed!|
|squaddie: According to ADVFN this has a Net Asset Share Price of 0.68p. Yet we trade at 20p ?. Seems crazy to me.|
|truffle: And another 50,000 purchased to-day at 64p, making 100,000 totally yesterday and to-day. The regular re-purchases of the past few weeks will hopefully put some kind of floor on the share price going forward.|
I really don't think anyone can suggest that a %25 fall in the share price has been engineered by MMs to allow a trade to go through. That is not only gross manipulation of the share price, but is almost certainly going to attract the ire of shareholders.
There have been a number of large trades going through during the past 6-12 months, but at the end of the day the share price has remained under pressure and has effectively collapsed during the past month.
When you say 'make of it what you will', my reading is that the company is not doing well and the results will not be what shareholders have been hoping for.|
Psg Solutions share price data is direct from the London Stock Exchange