Share Name Share Symbol Market Type Share ISIN Share Description
Phsc Plc LSE:PHSC London Ordinary Share GB0033113456 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 12.25 11.50 13.00 12.25 12.25 12.25 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5.2 0.0 0.0 - 2

Phsc Share Discussion Threads

Showing 926 to 950 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
09/1/2020
08:41
Galaxy Enforcer 23 Dec '19 - 12:46 - 17 of 20 0 0 1 CJohn I am only stating what the company has stated in the interim's regarding the goodwill. The company most certainly hasn't said that writing off the goodwill on the balance sheet will increase the share price!! They say what any company says about goodwill, that it's value is regularly re-considered. Goodwill per se isn't a NEGATIVE. It's an accounting item, that finds its way onto balance sheets following acquistions. Its existence may or may not be justified economically. If PHSC decided that the goodwill on their balance sheet was UNJUSTIFIED and eliminated it from the balance sheet, this would not IMPROVE sentiment towards PHSC.
cjohn
31/12/2019
10:26
Ex dividend shortly.
galaxy enforcer
30/12/2019
14:38
Chart is looking fantastic today. Will take a little profit on the way up to add to my NSF holding.
galaxy enforcer
24/12/2019
11:22
Merry Christmas everybody and lot's of profit for 2020
galaxy enforcer
23/12/2019
12:46
CJohn I am only stating what the company has stated in the interim's regarding the goodwill.
galaxy enforcer
23/12/2019
09:00
They made over 1p eps in the first half, even with a poor performance from the most important security division. If they repeat that in the second half, trading alone would support the current share price, putting aside the strong net cash position and the overall strong asset backing. If their cutting back on capacity and costs at the security division improves margins, then we'd expect the trading result in the second half to support a higher price. Of course, the uncertainty and potential disruption around Brexit could have a continuing negative impact on trading.
cjohn
22/12/2019
17:28
Yes - remember, it's only two years since PHSC were paying 1.5p in divis and the share price was as high as 26.5p (August 2016). I don't expect any immediate return to that dividend level, but no reason why not within c.two years.
value hound
22/12/2019
17:13
Obviously, writing off goodwill makes no difference to the economic reality of a company. It's an accounting item. And I can't remember a case of writing off goodwill actually IMPROVING investor attitudes to a company, hence producing a price rise. Sometimes, where the market has unrealistic expectations of a company, which is therefore trading at very high multiples, writing off goodwill may as a shock induce a sense of realism in investors, who then sell out and so the share price drops. I wouldn't expect that to happen with PHSC. Sentiment is already negative towards the security division. If they had a sustained period of decent trading, then the share price could appreciate significantly.
cjohn
19/12/2019
15:55
Yes a prudent move by the company. Now lose some of that goodwill and it will satisfy the markets. Off to see how NSF is doing today.
galaxy enforcer
19/12/2019
15:46
Cutting back on capacity at the security division should pare losses in that part of the business and improve overall eps in the following sets of results. As you imply, the dividend is also generous, and, providing trading doesn't collapse, is sustainable.
cjohn
17/12/2019
13:22
Interim dividend comes up early in the New Year.
galaxy enforcer
16/12/2019
16:09
I would be quite please with that but only for starters. They can then deliver the main course afterwards. Lightly traded but it does move rather rapidly.
galaxy enforcer
13/12/2019
17:09
My sensible valuation estimate, FWIW, is around 18p mid.
value hound
13/12/2019
12:07
So it now looks like we are climbing back to a more sensible valuation. Dividend confirmed and will go ex in not too many days.
galaxy enforcer
10/12/2019
13:52
Certainly a change online today as my Broker not allowing anything around the size I would like to buy. Maybe will have to take them in dribs and drabs.
galaxy enforcer
10/12/2019
10:30
Yes Clohn it does look as though this company could produce some good gains for those invested at this level. Market is bidding for stock and full offer price is now being asked. Could see the offer move with a little buying.
galaxy enforcer
06/12/2019
11:14
Made decent profit, in spite of v poor trading at the security division.
cjohn
06/12/2019
11:13
Even net TANGIBLE asset value is a little above the current market cap. Unusual in an asset-light company of this sort. Goodwill indicates value, if it reflects economic value. In this case, it surely does. So there'd be no need to "sort it out". The results were very encouraging, turning a decent profit, in spite of the very poor trading in the security division.
cjohn
05/12/2019
15:54
The current free float of shares is miniscual and hence it does tend to move rather rapidly. Lucky to buy in blocks of 25K when stock is available.
galaxy enforcer
05/12/2019
14:34
Having performed further research I will be adding here over a period of time. The dividend is supporting the current price and with the anticipated reduction in goodwill on the books expect to see this turn the corner.
galaxy enforcer
02/12/2019
14:21
yes decent enough..commentary good as well. No downside now with unchanged divi.
meijiman
02/12/2019
13:32
More profitable, better cash-flow, 0.5p interim divi - still undervalued, still too small to be listed.
value hound
01/12/2019
15:47
Expect interim results to be announced this week. Hopefully sufficient profit to maintain their dividend.
rossco
27/11/2019
15:42
With less than 15M shares in circulation this stock can move very quickly given the right news. Currently undervalued due to the "goodwill" on the books however this is being addressed. Should see a re-rating once that occurs. Doubling of the price will still see it undervalued once their house is in order. With a NAV currently around the 35p level first stop should be 20p. PHSC also pays a bi-annual dividend which helps to support the price.
galaxy enforcer
26/11/2019
00:17
Net asset value As at 31 March 2019, the Group's consolidated net assets stood at GBP5.14m. There were 14,677,257 ordinary shares in issue at that date which equates to a net asset value per share of 35p. We note that the company's ordinary shares continue to trade at a discount to the net asset value, which we believe to be a response to the high value of goodwill on the balance sheet. The board reviews the carrying value of goodwill each year to ensure that the book value is fairly stated and is within a range commensurate with good accounting practice. As has been noted above, we resolved to reduce the carrying value of our retail-dependent security businesses by GBP200,000, something that we also did in the previous year, and this represents a reduction of approximately 4% in the consolidated net assets of the Group. The board is satisfied that all other goodwill valuations can presently be justified.
galaxy enforcer
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