Phsc Share Discussion Threads

[battlebus] 26/7/2009 23:16

I can understand your views on the current results but take the view that now is the time to buy. On a long term scale 20p will seem cheap and therefore will still add small amounts from time to time. Excellent management will see this company through the recession which in my view has stabilised in most sectors. A takeover wouldn't be impossible either. Retaining the dividend must be a positive also. Impressed at how the results have held up proving the management hold the skills to rise to any challenge that arises over the next twelve months.

[the big fella] 24/7/2009 15:36

Makes the 50 odd p they paid me look good!

[fr4dge] 24/7/2009 15:32

It was a buyback.

They've jsut announced it.

[longtech] 24/7/2009 10:57

Good price, dumping 500K at 18 pence, think a buyback most likely.
Agree no rush to buy.

[the big fella] 24/7/2009 10:53

Yes. I can see these drifting further.

[egoi] 24/7/2009 10:51

ouch, Looks like 500k dumped at 18p (unless it was a buyback)!

Results I thought were adequate, it is the outlook that bothers me. If the first quarter is down by 200k, despite the acquisition, then I wouldn't be surprised if the rest of the year follows suit and revenues come in around 4 million (Q1 revenue was exactly a quarter of the last 12 months), so they'd need to make further savings to get near this year's number.

Cash balances are down too.

[fr4dge] 24/7/2009 09:26

GHF,

Your summary appears fair.

Given your name, that has to be a worry.

[glasshalfull] 24/7/2009 09:13

dd776 - Agree.

They appear to be weathering the storm though (again) anticipating another tough year.
Profitability reduced across each subsiduary with RSA coming under the most pressure and slipping to a loss which is the main concern to me.

Nothing in the results suggest that this is currently a home for my children's inheritance and I see a weak share price for the foreseeable.

Best wishes,
GHF

[dd776] 24/7/2009 08:30

not thaT MUCH of a surprise here . Glad the div was held still covered by earnings. Happy to hold but to early to add for the recovery

[omerta] 15/7/2009 06:05

I have a note that says the 19th.July

[dd776] 15/7/2009 03:18

when the final results due ??????????????

[the big fella] 23/1/2009 14:19

I am glad I managed to sell my lot back to the company at over 50p a while back. Mind you they are hardly expensive at these levels. Trouble is there is plenty of choice - with some growth stock valued at less I would not be surprised to see these trade at under 10p in the current prevailing market. Time will tell and if they do I might pick up a few for recovery.

[dd776] 23/1/2009 13:29

in the present climate maintaining turnover and being profitable is o.k.

[egoi] 23/1/2009 13:25

Profit warning. looks like competitors are able to price more aggressively than PHSC. Glad I ran for the hills when I did!

[gilston] 20/11/2008 16:55

Egm was interesting....Knox lost.

[gilston] 19/11/2008 16:49

Progressive are now after this portfolio & have lobbied shareholders to reject Knox`s proposals. Tomorrow`s egm should be interesting.

[longtech] 17/11/2008 08:02

Useful news Gilston, thanks.

[gilston] 14/11/2008 17:04

Interims to 30th Sept. due soon?


Eaglet are intending to sell this stock, along with the rest of their portfolio, to Knox d`Arcy according to their circular to shareholders ahead of the egm on 20th Nov.

[gilston] 05/10/2008 17:00

Eaglet I.T. held 1,050,396 shares [9.1%] as at the date of the last AGM.

This trust is now under new management [Knox D`Arcy] who want to change the mandate which, they say, would exclude AIM stocks, & raise fresh funds, or otherwise liquidate the trust. Either way, therefore,it appears this holding in PHSC would have to be sold. Eaglet`s next AGM is due in Dec.

[battlebus] 02/10/2008 18:06

Well on a plus point group turnover should be up 200'000.

[longtech] 02/10/2008 15:26

Who sold 345,000 shares ? - Institutional ?

I see that Marlborough UK Microcap Fund are shown as holding 350,000 shares.
Perhaps it is their holding gone.
On the day PHSC completes acquisition of Inspection Services.
I suppose in this market everyone is focused on the Blue chips and think shares like PHSC can wait.
Maybe picking them up even cheaper than the companies financials would suggest.

I see they are a Unit Trust - perhaps they had to sell, due to Units being sold.

[fr4dge] 17/9/2008 17:58

Phsc Transaction in Own Shares




PHSC plc ("the Company")
Looks like they have bought a few more shares.

Not a lot - but they obviously think the share is undervalued.



Purchase of own shares

The Company announces that it used its discretionary authority on the 12
September 2008 to purchase 100,000 ordinary shares through the market at a
price of 36.5 pence per ordinary share. These 100,000 shares will be cancelled.

The Directors believe that it is appropriate to continue to purchase shares for
cancellation at suitable prices when cash flow permits, and this will improve
earnings per share.

Following their cancellation, PHSC plc will have a total of 11,351,019 Ordinary
Shares in issue. The Company does not hold any shares in treasury.

[battlebus] 12/9/2008 16:57

Held up quite well only finishing down 2p on the day. Still holding onto these as an aquistion is now a necessity imho to bring this company further and will happen all the sooner as margins have nowhere to go.

[the big fella] 12/9/2008 09:03

PE 8 not really a bargain these days. I can see these trickling lower still.

[glasshalfull] 12/9/2008 08:00

Agree egoi.

I also keep a watching brief and although Stephen King's honesty and sentiments are admirable in retaining clients, there appears no reason to hold the shares at the moment.
Better investments elsewhere, while a significant part of UK Plc experiences a downturn which could last a considerable time yet.

I would imagine these will remain friendless.

Regards,
GHF