Psion Share Discussion Threads

[essentialinvestor] 07/12/2009 12:10

I wonder could the outstanding litigation In Japan be weighing on sentiment?.


From the last Interim report.


"Shareholders were informed last year on litigation between the Company's trading subsidiary in Japan and a number of local trading partners. Contingent liabilities relating to these claims have been reduced from £16.2m to £12.5m, mainly through exchange movements between the Yen and the Pound. No further exposures to claims have been found in the course of investigations and management considers that these contingencies are adequate in resolving the matter."

[essentialinvestor] 06/12/2009 19:21

I hope your analysis is more accurate then your previous assertion
that Psion was not a listed Company in the mid 1990's.


Yes it was, I did not hear any apology for that inaccuracy.

[essentialinvestor] 06/12/2009 16:20

Yes aware of all that, thanks having now read up on PON.

There is one crucial factor and on this rests the valuation of the Business.

Will one of the larger tech companies aggressively target PON's market place,
and if they do, rather than go down the aquisition route will they seek to do so alone.


The valuation of PON is largely based on the answer to this, imv at least.

[she-ra] 06/12/2009 14:00

EssentialInvestor - Well the recent share price weakness we know is not reflective of the company as they have increased their cash to £45 million,have won some major European and American contracts,are seeing their business recover and expect to return to profitibility.The CEO is also target operating profits of 10%.Its a high growth industry where there are little signs that it was flatten out in medium to longterm.

I suspect there has been attempts to weaken the share price of late by people who can see that this healthy company is a good turnaround story and they want to stock up on it.They will also see that Psion is one of the last few big independent rugged handheld technology companies and that Psion is probably a target for much larger companies such as Dell,Nokia,HP,Motorola or Honeywell.

A broker even suggested recently that Psion is a target in an industry witnessing much consolidation and should see a value of 180p.

[essentialinvestor] 06/12/2009 12:03

Yes it was, check your facts.
Are you confusing Symbian with the orginal Psion?.

My "point" (which was simply an obseravtion) that this was my first time looking at PON in many years.

And I also wondered why the recent share price weakness.

[she-ra] 05/12/2009 20:42

EssentialInvestor - Thats interesting as Psion wasnt listed on the stock exchange then.


"I remember when this was the hottest stock on the entire Market.
A long time ago, just happy memories now."

Youre point being?

[essentialinvestor] 05/12/2009 14:14

Why the sharp fall over the last couple of months?.

I am just looking at PON for the first time since the early to mid 1990's.

I remember when this was the hottest stock on the entire Market.
A long time ago, just happy memories now.

[sat69] 04/12/2009 22:45

Chart indicates a little support at around 80p, but for me they are already undervalued. I still have no position but I did try and pick up 20K shares at 87p. Luckily, my broker couldn't fill my order!

[weatherman] 03/12/2009 12:03

I wonder - will psion benefit from the introduction of smart meters as discussed on the news last night ?

[she-ra] 23/11/2009 13:47

I would think it is only a matter of time before HP and Dell enter this market and they will need a target to enter the market.Psion would be a likely candidate.

If Nokia wants to complement its business offering which already has a relationship with Microsoft then Psion again would be a candidate.However Nokia,unlike Motorola, doesnt seem to be a company that is speading its bets and looking for a good chunk of their revenue streams coming from the b2b sector.If Nokia were to mimmick Motorla and get into this market Psion might be too small but the likely targets arent that large as Motorola and Honeywell seem to have taken out the market leaders.Has Honeywell finished with its 2008 acquisition of Metrologic or will they be looking for further bolt-on acquisitions in this sector?

After all Psion operates in a market sector that ignoring a recession is predicted to enjoy double digit growth for the next decade.

Dell I feel is not a long shot for entering this market. It would complement its corporate solutions/services business able to exploit its existing channels to market.

[she-ra] 20/11/2009 11:15

Sat69 - I think there will be buyers waiting in the wings.Yesterdays statement was very positive in every way.I think people will realise RBS were clutching at straws with their one point negative criticism that wasnt even credible.

[sat69] 20/11/2009 11:00

Lets see She-ra. Yesterday, the sell-off picked up in the afternoon. We may just get a repeat of that as I get the feeling a number of players didn't manage to offload all they wanted to.

[she-ra] 20/11/2009 10:37

Sat69 - I think Psion will be bought out before that happens.

[sat69] 20/11/2009 10:04

Didn't buy today but will have a look below £1.

[weatherman] 20/11/2009 09:49

Techinvest's buy point was triggered with that fall yesterday.

[offtheradar] 19/11/2009 22:09

FinnCap buy rating raising target to 130p from 120p
Seymour Pierce buy 130p

[sat69] 19/11/2009 18:27

I can't see the reason for a fall of this magnitude either. Today's statement was quite upbeat. May buy in tomorrow.

[she-ra] 19/11/2009 14:58

Everyone else upgrades Psion today except RBS who downgraded it with a very weak argument.

Todays share movement is as though the market knew yesterday that RBS was going to downgrade it whatever the statement was to look like.The nit-picking is very desperate and a little bizarre.


"Psion is now further accelerating its development strategy.....

This investment will be financed out of ongoing improvements in operating profitability and operating cash generation, supported by our existing balance sheet strength. We are confident that it will underpin real market differentiation and deliver positive and profitable growth over the medium term."

That is what RBS had a problem with. They say they are speeding up there developement programme so I think that is a sign of confidence.Short term they are returning to profitibility.Medium term they are accelerating developement work funded by the cost savings.There is something very odd in RBS' interpretation of thae above statement.

[she-ra] 19/11/2009 09:19

Rose tinted specs?the IMS was positive.There was nothing negative in it.

[chesty1] 19/11/2009 08:43

And down it goes....Someone don't like em she-ra or need to borrow your rose tinted specks@@

[she-ra] 19/11/2009 07:14

Fantastic interim management statement!

Sales are recovering (with some big contracts being won in Europe and North America),cash has increased to £45 million and all in all Psion is now a confident company.

There is not one negative in the statement.They must surely be a target for a larger predator.

[ben nevis] 17/11/2009 22:21

Will it go higher... or should I sell ??

[donut114] 13/10/2009 11:10

target 125p for short, 200p longer term.

[ladybird1] 22/9/2009 10:20

Holding up very well indeed given the extent of Sterling's profit taking. Scope for a move to around 120p when they finally stop?