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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Patsystems | PTS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.75 |
| Top Posts |
|---|
Posted at 28/2/2012 10:28 by bugs bunny Bye Bye PTS.....Just FFA left now with a 27% ION stake how long they gobble them up. |
Posted at 20/12/2011 21:28 by dealit It was the end of PTS as soon as the takeover statement was announced IMHO. Just hope you filled your boots at around 12p I clawed 11% back today. |
Posted at 20/12/2011 11:31 by bugs bunny Looks like the end of the line for PTS.....FFA next????? |
Posted at 31/10/2011 21:14 by glasshalfull I don't hold PTS as documented on the thread sometime ago but continue to monitor its progress.Turnover last year was £22m so approx 13% of revenue away but how profitable was this revenue is the more important question. Given the recent profits warning I wish all holders the best of luck and hope that ION come calling with a bid at a premium. I won't be looking in again, though probably no fault of their own I just find them too accident prone. Article from GCI tonight. Patsystems suffers MF Global blow 31/10/2011 Miles Nolan The shock news that US brokerage MF Global has filed for bankruptcy protection, has dealt a further blow to beleaguered trading systems supplier Patsystems (PTS). Patsystems has issued a statement this afternoon in which it admits that MF Global is an important customer, accounting for £3 million of recurring revenue. It is also an outstanding debtor, with £300,000 owed to the AIM counter. Shares in MF Global have been suspended in New York, after revealing £4 billion of eurozone debt exposure - a position which threatens its 2,000 strong worldwide workforce. Just last week the brokerage suffered a two-thirds collapse in its share price, after revealing a $191.6 million quarterly loss. This led its credit rating to be cut to junk status. It was spun off from Man Group in 2007, and was a leading player in exchange traded futures and options. Earlier this month Patsystems warned on profits, largely due to the failure to close two one-off exchange license sales. It had been talking to four exchanges in Asia and two in the Americas, however the board no longer believe the deals will be completed by the year-end. In the days following it did not deter two non-executive directors picking up stock, and perhaps more importantly its largest shareholder ION Trading has upped its holding from 26.93 per cent to 27.91 per cent. The shares have fallen by 13 per cent to a year low of 10.25p, and are likely to remain under pressure until a clearer picture emerges ----------- Kind regards, GHF |
Posted at 06/10/2011 13:10 by hastings I see one of the Directors who bought a little while back has gone in for a few more. Hoping that his timing is more indicative than the last purchase.latest Broker figures below. House Broker expecting the divi to be maintained. 2011 2012 Broker Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Arbuthnot Securities 05-10-11 NEUT 0.28 0.10 0.70 2.65 1.20 0.80 Numis Securities Ltd 03-10-11 HOLD 0.40 0.20 3.30 1.10 |
Posted at 04/10/2011 13:06 by hastings Numis has come out with a forecast of £400k for this year moving back up to £3M for 2012. Of course much depends on the Global economy, so worth taking with a large pinch of salt. Having said that it wouldn't surprise me if PTS was taken out in the not so distant future. Rival ION sits with 27% and is unlikely to continue to remain benign., while Cazenove recently upped its stake.It will be interesting to see if Directors add at these levels after the recently, what would seem ill judged timing. |
Posted at 03/10/2011 17:46 by red is in H1 2011 had an operating profit of sub £0.1m with FY results set to consolidate Mixit's results which posted net profit of $0.6m in the year to Apr 2011. Despite this positive addition to the bottom line the company is expecting "only modest profits for the year" so it looks like the Patsystems business is now loss-making. My guess would be pre-tax contribution of £0.4m for Mixit and -£0.3m for PatsystemsWith estimated £4m cash left and up to £3.3m deferred payment for Mixit due April 2012 depending on its revenue contribution and assuming 75% of that is met (£2.5m plus 10m shares) cash balance will be down to £1.5m with a potential dividend payment of about £0.5m in Q1 2012 (possibly the last for a while) leaving £1m free cash going forward. Taking into account the £4.5m debt facility net debt would be an estimated -£3.5m With debt and a low-margin barely breakeven business model £25m market cap looks high. I would not value it much higher than £15m at this stage. With the expected 10m shares to be issued as part of the deferred consideration that equates to a share price of 7p |
Posted at 21/7/2011 07:23 by dealit S/P up yesterday announcement today. Good move I would say gets PTS into USA IMHO. |
Posted at 08/2/2011 10:37 by bg23 the company seems to have lost any following on here?results out this morning - don't appear to be any surprises after company had downgraded outlook and gotten analysts into line. just seen an interview on dow jones news with webber. says the company spent £750k last year and will spend £500k this year on new data hosting centres which in turn might have bought the cash balances on account lower than analysts expected ! he does say they have signed up users for the data centres and also a new exchange which will be anounced in due course - so things seem to be moving ahead highlights follow: PATSYSTEMS PLC RESULTS FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2010 Financial Highlights -- Total revenue GBP22.1 million (2009: GBP22.1 million) -- Adjusted pre-tax profit at GBP3.8 million (2009: GBP3.9 million)* -- Cash and cash equivalents increased to GBP9.3 million (2009: GBP8.9 million) -- Proposed full year dividend increased 29% to 0.55p per share (2009: 0.425p per share) *adjusted for share option costs, marking to market of derivatives used to hedge cash flows and amortisation of intangibles other than internally developed software Operational Highlights -- Continued expansion into new growth markets with sales success for exchange offering in Argentina and Vietnam -- Hosting centres established in Chicago, Hong Kong, Tokyo, Singapore and Sydney to deliver a fully-managed Application Service Provider ("ASP") to existing and new customers -- Business' global ASP offering promoted as Patsystems XConnect making anticipated contribution to trading systems revenue growth in 2011 -- Bursa Malaysia Derivatives selected Patsystems as the provider of its new order management system Richard Last, Chairman, of Patsystems, commented: "2010 was a year with a mixed performance across the business. We saw some notable sales successes, such as the new customers for our exchange system offering, tempered against deferred sales opportunities for our risk product and marginal growth within our trading systems business. The Group continues to demonstrate continued cash generation and profit resilience and we expect this to continue in 2011 and beyond. The continued payment and growth in the level of the dividend is an important statement by the Board of our continued confidence in the growth prospects for the business. Patsystems commences 2011 with an encouraging sales pipeline that will provide opportunity to expand our geographical presence and grow the revenues for each of our product offerings." |
Posted at 25/11/2010 12:40 by woodcot Just some thoughts on PTS The stock since I moved in early this year has remained relatively quiet, trading in a narrow band, of course it could argued very little downside. PTS has had a steady stream of positive news over the year. ION Trading is sitting just under the 30% and I believe at some stage they will make a bid. However I don't know how the turmoil with the Irish financial system has effect ION capacity to make an offer or for that matter if it has affected their ability to make a meaningful bid. We have seen interest from other institutions over the year but it's all gone quiet now. I remain positive that we are sitting on a good investment but not sure what the upside will be in 2011 without a bid from ION. I will stay with PTS until they announce their final results in March/April next year and make a decision at that time which way I will move. My holding is relatively small however if I can see something positive on the horizon I will stay in and look to purchase a few more. Anyway I can't see much downside and that's not a bad thing. Looks like spoke to soon, just has I posted they drop a 0.5p |
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