||EPS - Basic
||Market Cap (m)
Real-Time news about Psource (London Stock Exchange): 0 recent articles
|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 -
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 -|
|bisiboy: petro algae now lost 85% of its value
perhaps a refund of management fees might be in order based on the inflated share price.|
|bisiboy: i am relaxed and think these are oversold
over the next few months i expect the debt to be repaid and a return of cash should follow shortly afterwards (dont forget the promose of a defd 5p payment)
with surplas cash generated over following months i would expect buy backs by the end of the year which would should lift the share price.
petro-algae could change the whole situation and whilst i find it very difficult to value i dont believe it is one giant scam as some suggest.
in short i see the upside far greater than the downside from these levels.|
|bisiboy: i hope not
i have visited the management and they seam sound enough
nobody believes the petro algae valuation though hence it is virtually dicounted in the current share price..
think the downside is fairly limited at this price and if the market is wrong about petro a it could go a lot higher.|
|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.|
When you say you 'disagree' with me, surely you mean 'agree'! This is a well-regarded company in a cyclical business which many will wish to invest in as soon as there is evidence of a pick-up in activity levels which, because of the way these companies are structured, will feed through quickly into the bottom line. Your view that the pick-up has arrived is supported by Michael Page's trading statement yesterday and reflected in share price rises across the sector including PSD, Robert Walters, Harvey Nash and Spring Group. My only reservation is one of timing; the Page trading statment 'beats expectations' only in the sense that the decline has stopped and turnover is flat. Since PSD's shares have doubled since February and currently trade on a historical 2002 PE ratio of 109 (2003 interims worsened to a loss of 2.8p per share accompanied by statement " Activity levels now stabilised although no increase in trading expected during remainder of this year") then some of this recovery is clearly already in the price.
On the back of the 'Year 2000' employment bonanza, I rode this share from £3something to nearly £12 before and hope to do so again at some stage. Personally, I would rather miss the first part of a share price recovery than dive in too early and find it is a 'false dawn' but, other than this issue of timing, we are in agreement I think!
|irresponsible: Must be a takeover target I reckon.
But I cann't see anyone paying much over the current share price, so too late for me to buy some. Maybe Spring?|
|sper: 20p increase in share price yesterday and buying starting early this morning with no news in the market - anyone know why?|
|rdj20: not counting X trades and trades that looked matched ie. rollover etc. I have calculated that MMs have taken roughly 55,000 net of stock in over the last two weeks. This is very rough but gives you an idea of the positions of MMs books in this stock at the moment.
Assuming MMs paid an average price of 250p for the stock (probably higher but can't be bothered to put it in a spreadsheet!) that equates to roughly £140,000 of stock on their books. This of course assumes a flat starting position which is highly unlikely given the sharp markdown and heavy selling in previous weeks.
In short for every 10p the share price falls the market makers are losing £5,500. This sounds like small fry but it really adds up when all you make is the spread! Given that there seem to be no significant buyers at this level and MMs are being forced to take on more and more stock, I think that it is just a matter of time before they 'take the hit' and re-rate these sharply lower.|
Psource share price data is direct from the London Stock Exchange