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PTS Patsystems

13.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Patsystems LSE:PTS London Ordinary Share GB0032386822 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 13.75 0.00 00:00:00
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 13.75 GBX

Patsystems (PTS) Latest News

Real-Time news about Patsystems (London Stock Exchange): 0 recent articles

Patsystems (PTS) Discussions and Chat

Patsystems Forums and Chat

Date Time Title Posts
28/2/201210:28PATSYSTEMS - Coming to a trading screen near you !1,285
27/1/200910:02pastaman1
29/5/200715:14patsytems1
29/1/200717:04Patsystems (with charts)10
29/1/200717:01PATSYSTEMS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!2,434

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Patsystems (PTS) Most Recent Trades

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Patsystems (PTS) Top Chat Posts

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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 10/2/2012 09:53 by dealit
30 January 2012

Patsystems plc

(the "Company" or "Patsystems")

Intention to cancel admission to AIM

Further to the announcement dated 26 January 2012 by Pattington Limited that its recommended cash offer for Patsystems had been declared wholly unconditional in all respects, Patsystems confirms that it has applied to the London Stock Exchange for the admission of its Ordinary Shares to AIM to be cancelled.

It is expected that such cancellation will take effect on 28 February 2012 prior to the start of trading, which is 20 clear business days from the date of this announcement. Thereafter, holders of Ordinary Shares will no longer be able to sell their shares through the London Stock Exchange and no provision is expected to be made for any alternative form of dealing in the shares. No price quotation will be available after the cancellation of admission to trading.
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 28/11/2011 07:30 by dealit
That is that 14p sold very cheap if this goes through-

The Board of Patsystems plc announces that it has received an approach from its largest shareholder, ION Trading ("ION"), regarding a possible cash offer by ION (either directly or through one of its affiliates) for the Company, which values each share in Patsystems at 14 pence. The Board acknowledges the Company's strong commercial fit with ION, their greater financial stability, as well as the potential benefits to staff, customers and product development. The Board will therefore carefully assess the merits of the proposed combination.
Posted at 12/11/2011 20:35 by hastings
Well, given the amount Herald hold in terms of the bigger picture I wouldn't think too many eyebrows will be raised! Having said that, I do agree, must say that the acquisition appears to have been at the very top end. Who knows though, probably be gobbled up and no doubt at a premium price-smoke mirrors and AIM
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 04/10/2011 12:06 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 16:46 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 Patsystems

With 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 03/10/2011 11:43 by hastings
Not what holders wanted to hear, but then when you get a warning the share price is savaged. Tend to agree with dealit though in that longer term these will be ok and it will be interesting to see if the Direcots pick up any more(not that it is particularly indicative) I also wonder about the major shareholder and competitor's long term intentions here.
Patsystems share price data is direct from the London Stock Exchange

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