||EPS - Basic
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Security Res. Share Discussion Threads
Showing 1351 to 1374 of 1375 messages
|Anything going on here?|
|I hope that's a sale and return of funds.|
|Alternative plan did not work out I`m afraid.
Back to plan A.|
|Reference Onzima I suspect.PatientCapital - 29 Jul 2016 - 22:52 - 421 of 421 - 0Now that you are an 'insider' under the Act you should no longer be commenting in public unless doing so through official channels, i.e. by way of the Regulatory News Service.|
|Discussions went well, waiting for a call back early next week.|
|Lovin' the first name references|
You may well be right but I`ll run it by John and see what kind of reaction I get.|
Merely a suggestion at this stage.|
|Why would we relist as another company when SRG was doing fine imv on the market..
Just sell up and give shareholders their cash please....|
|Just running the option by John that`s all, the business I have in mind is in the drug reformulation business.|
|Well, so long as its non-TECH I for one would look at any proposition.
However, I would not be happy for them to start spending money on searching and researching acquisition prospects, without first referring to shareholders for approval of a change in strategy.|
|Shades of LMS.|
The idea would to be to relist with a new venture.|
|Fido - to use SRG cash, or something else entirely?
This is what it cost APT for an £11m repayment/redemption last time around - just £7500:
|I will be speaking to John this Friday about a possible new venture.|
|Interesting to see that conversion of share options raised £149,000.
# 319,048 issued at 25p
# 161,112 issued at 43p
Others lapsed at 54.7p; so perhaps gives us an indication of what we might eventually expect: 50p-60p/share...
Share premium account:
The share premium account amounts to £604,765. This has arisen in previous years due to the issue of 350,000 shares at a premium of 1.5p per share, 1,580,952 shares at a premium of 30p per share and 138,888 shares at a premium of 52p per share and in the current year due to the issue of 319,048 shares at a premium of 5p per share and 161,112 shares at a premium of 23p per share.
Still appalled that they are not intending to make an interim return of OUR CASH. It would cost less than £10k to make an interim payment of 25p/share. SRG is earning c0.5% on the £5.8m bank deposit. I can get 5.3% from RECP!
I'll be speaking with John Warwick again.|
|Check back in a year then.......|
|Thanks eezy...still waiting on my paper copy... cash 5.698=28.77 per share net assets 10.5 million....return of funds within the 3 years timeframe...
Disposal of the three businesses
It was previously announced that following a review of the businesses, the board had determined that the best available route for shareholders was for the company to pursue a strategy of disposing of each of its three businesses, with the intention of returning surplus cash to shareholders within three years. In the year under review the loss making specialist electronics business was sold. The board and its advisers are now focussed on securing appropriate terms for the disposal of the property information services business and the smaller packaging solutions business and our commitment to concluding the sale process in the shortest period of time remains paramount.|
Just over £7m net curr assets. £5.7m cash. Profitabilty maintained. Still no cash return :)
Looks like they may be spending a bit on automating some of the PSG functions.
|Just spoke with John Warwick - Fin dir. (0207-368-3317)
He said they should be issuing the Accounts next week; they are already with the printers.
I asked whether they will be stating when they expect to return cash to shareholders, surely important having suspended a payment c18months ago.
He replied that they will be stating the way foward - not exactly the same thing.
I said I would phone back in a couple of weeks if the Accounts still haven't appeared; and if I needed further clarification on the large cash surplus.|
|They did say that the sales process could take up to 3 years to complete, but agree it is frustrating when we know they are sitting on funds that could be sent to shareholders now.
Have a date in the diary 30th September 2016, by which time the second £500k payment for Audiotel will have been received, they said that they were waiting for additional funds to make it more cost effective before making the first payments.
So no excuses after 30th September, I have a note in my trading diary to start chasing the company after this date if there is no news about returning the cash by then.|
|The website seems to be here now...
One wonders if they've sold Moore & Buckle, leaving PSG as the sole operating subsidiary?
Moore & Buckle have filed accounts for y/e 31/3/16. Pretty rubbish year, just profitable.
PSG has a new name - PSG Connect - and has also filed. PBT was 631k vs 683k last time.
The parent company ought to have net current assets in the region of £7-7.5m vs a market cap that would be c. £9.7m if it was still listed and had a share price of 50p. We'll see when SRG files accounts which is presumably quite soon.
Seems to me, still, that we should do OK if all above board. Like most, however, I'm frustrated that we've had no returns.|
|Very poor by the company. Should one be getting worried?|