Phsc Share Discussion Threads

[battlebus2] 08/7/2014 12:12

I certainly think the dividend of 1.5p is safe.

[capt bligh] 08/7/2014 10:54

They could probably afford a 2 p divi this year founders are motivated but we may get in two bites.. Anyway 6% I should have thought with the two highly profitable companies paid for by the end of sept Oct

[battlebus] 15/5/2014 17:37

Certainly the 3 million market cap makes a mockery of the progress Stephen and co have made here.

[capt bligh] 15/5/2014 09:09

Founding directors own huge percent of shares...so a sale only on their terms....still they might want to retire soon!

[gelp] 15/5/2014 08:33

Cheap or very cheap. If price does not respond surely now a sitting duck for a predator. Bit small to be standing alone and with listing costs. They seem to be buyers rather than sellers of others, but that could change. Transparent and easier to understand! Good market space.

[gelp] 15/5/2014 08:31

Cheap or very cheap. If price does not respond surely now a sitting duck for a predator. Bit small to be standing alone and with listing costs. They seem to be buyers rather than sellers of others, but that could change. Transparent and easier to understand! Good market space.

[battlebus2] 15/5/2014 08:24

Yep, been here for what seems years and every year we seem to get cheaper and cheaper. The yield is a great plus here so with the cash even if you take out the two payments should ensure another 1.5p.

[playful] 15/5/2014 08:21

Yes, with such a low mkt cap the only way is up for this type of business much like GCO...

[battlebus2] 15/5/2014 08:19

LOL, are you a holder here playful?

[playful] 15/5/2014 08:18

Up we go....

[battlebus2] 15/5/2014 07:30

Trading Update reads well, the 0.71 million of cash should ensure a dividend this year.

PHSC plc ("the Group"), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, is pleased to announce an update on its performance for the
financial year ended 31 March 2014.

These indicative figures are per management accounts, currently unaudited.

Consolidated Group revenue for the period was around GBP 7.6m representing an
increase of approximately 30% over what was achieved during the previous year
(GBP 5.8m).

EBITDA was around 22% higher than the previous year at GBP 0.73m, compared with
GBP 0.60m last year.

Net assets were approximately GBP 6.4m, including cash of GBP 0.71m.

Stephen King, CEO, said: "Subject to the outcome of the financial audit, the
Board is pleased to be able to report a further improvement in revenues and
profitability year-on-year. The outcome is in line with our management
budgeting. We have benefitted from full year contributions from our two most
recent acquisitions (QCS International Limited and B to B Links Limited) and
the legacy health and safety businesses have broadly performed in line with
expectations.

"Bank balances are substantially higher than at this time last year, bolstered
by a share placing last autumn that generated GBP 480,000 after expenses
followed by improved cash flow from trading activities. Final instalments
related to the two acquisitions mentioned above fall due during Q2 of 2014/15.
These sums cannot be calculated until the end of the respective earn-out
periods. If performance is sustained at recent levels for the remainder of the
period, final payments would total around GBP 425,000. Our cash flow forecast
indicates that these payments can be met from existing bank balances without
adversely affecting the cash requirements of normal trading activities.

"More details about individual subsidiary performances will be given at the
time of our Preliminary Announcement of Results, expected in the middle of July
2014."

[battlebus2] 13/5/2014 16:23

Marked down on this mornings sale by the looks of it, trading update should help.

[capt bligh] 30/4/2014 16:45

Well we should get a very positive end of year update in a few days indicating an outstandingly low EV to EBITDA multiple backed by cash in bank , freehold premises etc. ..is there any profitable co cheaper on the entire stock exchange let alone one paying a good divi??

[battlebus2] 23/3/2014 11:11

Nice snippet on QCS..

hxxp://www.shdlogistics.com/news/view/sema-launches-qa-scheme

[battlebus2] 17/3/2014 12:27

Good move back up to the thirties this morning.

[battlebus2] 12/2/2014 09:36

Well done whoever picked up the 20k a real bargain indeed imv.

[battlebus2] 11/2/2014 14:29

PHSC plc (the "Company"), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, announces that today Stephen King, CEO of the Company,
purchased 100,000 ordinary shares in the Company at a price of 28.05 pence per
share via his SIPP. Simultaneously, Mr King disposed of 100,000 ordinary shares
in the Company in a personal capacity at 28.00 pence per share. Mr King's
interest in the Company's equity remains unchanged at 3,203,100 ordinary shares
or 25.25%.

[battlebus2] 05/2/2014 11:29

Someone keen to get out and sold 15k 2p below the bid, to me this is still a great long term investment case with a market cap of 3 million and expected EBITDA of 700/750k with the new businesses performing well. Also the dividend which beats the banks hands down.

[battlebus2] 03/2/2014 07:06

Consolidated Group sales and EBITDA (per management accounts, unaudited) for
the nine months ended 31 December 2013 were as below:

Group sales and other income: GBP 5,715,755 (nine months ended 31 December
2012: GBP 3,856,440).

EBITDA: GBP 475,378 (nine months ended 31 December 2012: GBP 362,800, adjusted
for exceptional item).

Net assets stood at GBP 6,282,881 (at 31 December 2012: GBP 5,488,564)
including cash at bank of GBP 180,000.

Stephen King, CEO, said: "The Group's total revenues are up 48% on this time
last year, and EBITDA is 31% higher than for the corresponding period. All of
the additional revenues and earnings arise from our two most recent
acquisitions, B to B Links Limited and QCS International Limited. The remaining
health and safety-related businesses continue to face challenging market
conditions, but taken together they still account for the majority of Group
income and profit."

"Trading was, as anticipated, noticeably lower over the Christmas and New Year
period, with many clients closed down for the holidays or focussing on other
priorities. In consequence, December's sales figures were adversely affected."

"The board looks forward to a strong final quarter in line with the trend in
recent years and is confident that its previous projection of EBITDA for the
full year of between GBP 700k-750k remains attainable."

[battlebus2] 06/12/2013 19:15

Fully aware of that and as far as the company goes the advice from there accountants is to keep the status quo. Sadly a symptom of buying new businesses.

[battlebus2] 06/12/2013 17:46

While the companies shareprice was in the doldrums a few years back they kept paying a great yeild, the management have spoken of the link between dividend and the shareprice but ofcourse now is different since the game changing acquisitions.

[smithie6] 06/12/2013 17:42

"Now most investors have been in PHSC for the last few years on the back of the high yield "

each to their own views

but imo the facts dont agree with your post

the share price has doubled over last 2 years.

not because of the divi yield imho.
-----

Any holder has made much more from share price increase than from the divi.

----

(anyone that picks shares based on divi yield has got it all wrong imo
but each to their own (selling a few shares is another option if need some income))

----
"the bank balance stood at GBP523k at the end of October 2013. "

approx. 2.4M of receivables...about 1M higher than payables

imo should just have borrowed from the bank say 1/2M just for 6 months perhaps as wait for some of receivables to be paid
...but since the results were good imo the dirs. fancied a bit of insider trading and issued themselves some new shares ...which with tax rebate perhaps cost them 15-18p
looks like imo, "easy money"...and imo morally questionable

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and if dirs. are not caning PIs via filling their pockets with cheap options or shares at good moments......they are involved in cases of fraud or false accounts (CPP, Lamprell, Speedy, INVU, Photo-me, OCH ...the list never ends !!).....and/or related party transactions like giving jobs to wives and family (DQE, SDL, OCH, ILX etc) or renting offices to the co. or via making IPOs that are rubbish, often using IPO docs. that are blatant misrepresentations to the market
....imo AIM is a cesspit and not making any changes to try to solve the problems

[battlebus2] 06/12/2013 17:31

This was a case of it all being too late, now as a shareholder if they didn't issue a placing the cash would have had to come from somewhere leaving us with no dividend. Now most investors have been in PHSC for the last few years on the back of the high yield so with no dividend the shares fall people sell and the shares fall further, not a vote of confidence that an over subscribed placing had. Parity in the share price has now been restored and imo for this company the placing was the best outcome to have let all P.I's invest would have taken too long and cost much more. I can live with a little dilution if my shares are worth the same and i'm still getting a dividend.

[smithie6] 06/12/2013 17:21

with tax relief of 40% I assume that the dirs. and friends that issued themselves shares at 25p

3 seconds

BEFORE

revealing good trading results to the market

(insider trading imo)

they effectively paid around 15-18p

price now is almost double

the MD wrote that the bank were happy to lend them the money if they had wanted. The co. has little debt and could easily have done it that way imo.
the EPS would be 16% higher if it had happened, since no new shares would be needed.....benefitting all shareholders EQUALLY.

Morally correct for dirs. to enrich themselves when they are supposed to conduct the co. for benefit for all shareholders, with equal treatment ?

same happened at Trak, DCI etc etc

at DCI the MD invested a few million at the discount insider price.......so, much worse imo
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if PIs accept to be kept out of rights issues....and do not complain...then they are partly to blame that it keeps happening