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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phoenix It | PNX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 158.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 158.50 |
| Top Posts |
|---|
Posted at 01/6/2009 13:18 by kiwi2007 Nice results today.Got a mention at the weekend too: David Schwartz Turning to my own trading activity, I have just opened a speculative position in Phoenix IT Group. The company will issue an earnings report on Monday morning. Right now, its shares are drifting near their all-time low. By contrast, the FTSE Software and Computer Services index gained about 50 per cent since touching its low last November. Phoenix shares clearly failed to participate in that rally and several factors probably contributed to this poor performance. Some analysts claim Phoenix had trouble digesting an acquisition made in May 2007. Institutional investors are also concerned about the heavy debt load caused by that acquisition. Another problem was the departure of the chief executive. He was considered to be the driving force behind the partner services division, a sub- contracting business. Revenues in that division soon began to slip. But a flood of fresh information leads me to suspect the City may be missing a turnround opportunity. On the issue of debt, Phoenix generates cash and is rapidly reducing its debt load. Progress is well ahead of expectations. The company's recent trading update spoke of good trading conditions. The ex-CEO is now back at the helm. Analysts believe he will reinvigorate the partner services division. Several have issued strong "Buy" ratings on the company. Some "soft" information also intrigues me. Investor bulletin boards make little mention of Phoenix, suggesting this company is unloved by private punters as well as City institutions. Daily trading volume is low as well. Big bounces often occur when unloved shares suddenly catch on.... Not a fan of the BB Muppetts !! |
Posted at 26/4/2007 07:26 by moogee The bidding is getting expensive. I'm out because of that and if they don't get it who wants to be investors in a company in a difficult market?Good luck all. |
Posted at 04/6/2006 10:35 by tole Equity viewEdited by Edward Simpkins (Filed: 04/06/2006) Phoenix IT Group Many companies reporting good results recently have found themselves ignored as investors focus on the volatility and risks of the markets. Phoenix IT Group, the information technology support services business, is a case in point. The company reported a 62 per cent improvement in pre-tax profit on May 18 to £17.9m from £11.1m in the year before. The final dividend for the year rose to 4.14p from 2.4p, a yield of 1.5 per cent. Despite these strong figures the company's shares are trading at 289p, well down on the stock's February high of 320p. According to Investec, the broker, at this level Phoenix shares are trading at 13 times expected earnings for 2007 - a significant discount to similar companies. Shore Capital recently said of the company: "Trading is likely to accelerate this year and it has an extremely attractive PER [price to earnings ratio] valuation". Phoenix has been expanding, with the acquisition of NDR, a disaster recovery company, in 2005. NDR has been doing well since the take-over. It contributed strongly to the 19 per cent increase in Phoenix's order book, which now stands at £148.7m, according to analysts. In a recent research note Altium, the broker, said: "The outlook for 2007 and beyond is positive and crucially the company has no major contract renewals scheduled for the next three years." Buy. |
Posted at 04/5/2006 12:51 by tole I see Shore Cap have a review out today on the Software and Computer services industry - noted a small mention here in reference to Phoenix's sector - "The old stock market adage encourages investors to 'go away' in May. The advice has in the past resonated with Software and IT Services investors who have watched share prices drift back through May. However, we note that this May brings with it a goodly spread of news with the sector big guns such as Sage (interims: 9th May) and LogicaCMG (AGM: 17th May) supplemented with a steady diet of news from smaller companies: Dicom (Q3: 9th May), Microgen (AGM: 11th May), Aveva (finals: 18th May), Phoenix IT (finals: 18th May) and SurfControl (Q3: 3rd May). Consequently, given our general view that trading is basically encouraging, coupled with a reasonable sector valuation, we anticipate that share prices should benefit from a series of spikes in the month." Shore Capital's Software and Computer Services industry taxonomy assesses participating companies from a business model perspective, as follows: Infrastructure Services: These companies offer post-implementation services such as maintenance, desktop-managed services, disaster recovery, facilities management and reselling. In our opinion, demand for infrastructure services will be driven by companies looking to cut costs by using third party infrastructure services. Companies in this category include Computacenter, ICM and Phoenix. This sub-sector is trading on a PER of 17.1x for this year the sector average is 20.8x. In addition to the valuation we are attracted to this sub-sector's annuity-based businesses such as Phoenix, where the order book helps to reduce forecast risk. |
Posted at 18/4/2005 07:47 by ged5 2005 2006Pre tax eps dps pre tax eps dpsUBS 30-03-05 NEU2 13.77 17.85 2.40 19.39 22.45 4.00 Shore Capital 08-04-05 HOLD 14.00 17.30 2.40 22.10 27.70 3.90 I'm looking to see how the market settles and will be looking for a buying opportunity. Wont be many I'm only a small investor but I like to get value for money. As you say it looks a buy. |
Posted at 17/4/2005 12:47 by diogenesj The Investors Chronicle gave quite a good account of the company when they tipped it (at 252p) on 28 January:Unfortunately, you need to be a subscriber to read it. |
Posted at 29/1/2005 13:36 by mushington Good solid stock - as tipped in this weeks Investors Chronicle. On a forward PE of less than 13 for 2005 it appears to be significantly undervalued when compared with others in it field. A price breakout to about £3.75 - £4 seems to be a very realistic possibility in the very short term. |
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