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PSD Psource

0.75
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Psource LSE:PSD London Ordinary Share GG00B236KR59 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.75 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 0.75 GBX

Psource (PSD) Latest News

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Psource (PSD) Discussions and Chat

Psource Forums and Chat

Date Time Title Posts
12/8/202022:23PSD with Charts & News121
27/6/200416:25PSD Group Promising70
21/2/200311:11PSD falls on report from times news paper taht it is about2
23/12/200215:27I'm p1ssed, lets fight!27

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Psource (PSD) Most Recent Trades

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Posted at 12/8/2020 21:10 by rj allen
Distribution of US$0.01768 per share
Posted at 08/6/2016 11:05 by smlwebsite
Liquidators have so far raised $500,000 and hope for another $575,000 before costs. A distribution will be considered when those final funds have been received. About 60m shares so maybe around 1p a share payout if all goes well

For more information and a copy of the latest report contact Grant Thornton at the following address

Marta.Patyna@gt-ci.com
Posted at 11/4/2013 22:15 by tomboyb
Well - Hendersons have been in quite early and sold @ higher highs - they are now buying back in with a few inst taking a heafty tax loss - PSD listed raising in total around £63mill - so to get from £63mill to here is quite an achievement indeed -

Another investor took up the reigh and has taken 3% - a finance director of some sort - Agreed that Parabel are the major factor here but also there is no debt here which is a huge positive in these cicumstances -

For me @ these levels its a great risk - reward strategy. The stipulation however is that if decided on liquidation, it should be done on a premise that the company stays listed here - There are various reasons for doing so.
Posted at 11/4/2013 21:48 by specuvestor
tomboyb

It looks like they are getting that NAV from Loans & Receivables. According to the Feb 13 interim statement Feb 2013 the value attributed to Biovest is $1,616,573. In March 13 Biovest Company filed a petition for protection under Chapter 11 of the U.S. Bankruptcy Code and a Plan of Reorganization seeking to implement a restructuring of its balance sheet that would eliminate approximately $44 million in senior debt. I presume that PSD will be affected as the debt will be converted into the shares of a speculative and loss making company.
The largest portion of this 8.4p is attributable to Parabel who are in debt to the tune of over US$90mm and rising. Granted they have just had an injection of $15m but that is only 6 months cash burn.
I am intrigued that Hendersons have bought in. If they know something it is certainly not in the accounts. I am tempted but must be prepared for a long and arduous liquidation process which may or may not lead to a return of capital in PSD's investments and loans.
There again it wont be the first time that a fund manager has managed to lose other peoples money.
One for the brave. Don't bet the farm on it.
Posted at 11/4/2013 11:35 by comedy
M4US seen the 2.3mill sell for psd...think that was holding us back...have a feling as others see it share price will start to move:)
Posted at 11/4/2013 11:22 by tomboyb
psd is ISAable - so if any profits made can be made tax free -
Posted at 10/4/2013 19:50 by tomboyb
This could be a takeover target - indeed. Looking at it deeper i don't think a liquidation @ this stage would be the best possibility - However what PSD needs is a complete overhaul i.e change in current management -

Henderson own 12% - My personal opinion is that a donkey could do better than these chimps - However this could represent a great opportunity to buy @ these levels -
Posted at 10/4/2013 15:52 by tomboyb
William Henry Peter Jackson is also up to 3% with Hendersons 12% -

They have been buying a bit of stock here -

Effectively this statement stands true -


NAV Performance
The NAV has reduced by US$33.69 million or 80.49% during the period and was 0.1371 US cents per PSD share or 8.4p/share (US$8.17m in total) at 31 December 2012. Bearing in mind the illiquid nature of the Company's investments, the realisation of this NAV is highly dependent on market conditions.

We currently have a market cap of around £350k - so there should be plenty of upside potential -
Posted at 13/3/2013 18:22 by double6
Would hope that the Parabel reversing into PSD could be an ideal scenario .... would be fascinating to see how share price reacts if it happens.
Posted at 29/10/2009 09:57 by grahamg8
I tend to agree that the Petro Algae share price seems ridiculous. But with such a huge potential market it would be impossible to set a realistic price on fundamentals. The business doesn't seem to be a complete scam as they keep persuading other businesses to sign up to licence agreements eg Indian Oil Corp and GTB Power. Fortunately the PSD share price seems to be predominantly based on the cash flow and assets of the loan book. Petro Algae is er a bit of scum on top?

Let's hope they can do a deal next year to sell on the holding or split the business in such a way that we can realise the value of Petro Algae before anyone else notices that there might be a problem.
Psource share price data is direct from the London Stock Exchange

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