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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% 14.00 13.00 15.00 14.00 14.00 14.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.4 0.0 -0.1 - 2

Phsc Share Discussion Threads

Showing 801 to 822 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
07/12/2017
17:24
That was my thinking tbf, before I took a deeper look. A couple of the subsidiaries have had excellent progress and I think one of them has the potential to be a right little nugget. Probably worth the market cap by itself and growing rapidly. Take a close look at the statement, see if you spot it :) Of course if you're only interested in 50% a day then good luck. Some of us boring farts are more circumspect. ;)
microscope
07/12/2017
16:46
Unlikely this will ever be broken up. More likely to delist or revert to NEX. There just have to be a few better homes for your money.
the big fella
07/12/2017
15:07
Just to recap from the results: "Financial Highlights * Group turnover for first half up 3.7% at GBP3.720m compared with GBP3.587m last year. * EBITDA of GBP197k, versus a loss of GBP93k at the half way stage last year. * Earnings per share of 1.08p compared with a loss of 0.85p last year. * Cash of GBP129k compared with GBP301k last year. * Net asset value (unaudited) of GBP5.680m. * Pro-forma net asset value (unaudited) per share of 38.7p compared to a current share price (mid) of 11p. * Interim dividend declared of 0.5p per Ordinary Share." Impressive imho, well done PHSC :)
microscope
07/12/2017
14:40
Oh and you said TNAV is c. £3.1m. That just looks completely wrong (have you simply added up the tangible assets and forgotten to take off the liabilities?). Advance to go, do not collect £200, and start reading some investment books.
eezymunny
07/12/2017
14:13
Cheers Bb, good to have you here! Nobody's suggesting it will be plain sailing with Adamson's up to finals, and the spread is of-putting, but overall it's hard not to see limited downside from here imho. Eezy, can we keep this board civilized? So many threads get needlessly trashed, would like to think those of us here on a quietish board can rise above the mob. ;) I've no trouble with you putting up a different well argued opinion, infact someone pointing out re Adamson's already being written down to zero clinched the case for me. All that posts like the three biros one do is alert people to someone probably deramping, and attracts potential buyers to get in before they do. Counter-productive. ;)
microscope
07/12/2017
14:07
We'll just have to disagree microscope. Accounting goodwill is just a historic accounting adjustment on acquisition. It's not useful to me (or anyone with a brain) for valuation. I prefer TNAV + DCF (guesstimatework of course). Look up Warren Buffet's thoughts on the matter. Where did I say PHSC is only worth its TNAV? Doh!
eezymunny
07/12/2017
13:19
I’m in agreement and have bought a few.
battlebus2
07/12/2017
13:07
TNAV, which is about £3.1 million or 20p a share, would assume that all 8 subsidiaries have zero resale value, which is palpably not the case. Goodwill is not just what Santa brings you :) So TNAV is also misleading. The truth probably lies between the two, I'd say at least £5 million (c 33p per share) on a pessimistic valuation. At 11p market cap is just over £1.6 million. Yield is just under 5%. Bargain!
microscope
07/12/2017
11:57
Don't be grumpy microscope. I've simply stated some facts. The NAV here is pretty meaningless IMO. Better to focus on the TNAV and prospects for profits going forward...
eezymunny
06/12/2017
15:56
lol you 'two' do seem to infest the same threads. :) #justSaying
microscope
06/12/2017
15:49
strip that out and all there is left is a desk with three biros on it and an old ashtray........... You can earn goodwill though from the Mrs for good behaviour
meijiman
06/12/2017
15:39
Check your TNAV's and your NAV's microscope. Most of the NAV is goodwill, which they don't sell in Tesco...
eezymunny
06/12/2017
15:27
Bit wide of the mark there, eezy. From yesterday' interims. '...* Pro-forma net asset value (unaudited) per share of 38.7p compared to a current share price (mid) of 11p.' £350k would do nicely thank you for the property. (market cap at 11p £1.65 million) Plenty loss making companies with market caps of 50-100 million+. Versarien maybe on your logic should be sold off? lol
microscope
06/12/2017
09:16
Suspect tangible book is c. £2m here or 13+p/sh. As someone said I reckon they'd do everybody a favour if they decided simply to sell up and wind up. It's really not generating enough profit to justify the listing costs etc. IMO.
eezymunny
05/12/2017
15:50
New here not a holder. Saw it was flagged on another site. Interesting comments today. Imho no more goodwill to writedown if you believe last AR (p33) where it says Adamson was already discounted to nil value. Div = 5%.
cheapskatejames
05/12/2017
15:02
Cheers, i should have added that I agree with you, even with another £1 million in writedowns, nav would still be well above share price valuation. Can't see a year end divvy, but not impossible. Incidentally just wondering if they own the plant being closed, or rent it, makes a difference.
microscope
05/12/2017
13:46
Good summary -some of your thoughts also crossed my mind. Paying a dividend suggests real cash and not running out of it... a bit of a wait then.
meijiman
05/12/2017
13:39
It is meijiman and they are good results, especially given the situation at Adamson's. Dividend is significant too in context of share price. Anyone buying on a 12-18 month+ basis will be making a good investment imho Unfortunately that is of course not the whole story. After some careful reading, As well as closing 50% of that business, there will be redundancy costs and last year's writedown was around half a million (to zero). Money will eventually be raised through the sell of the premises but be surprising if that happens this half. Deeply frustrating, as everything else is delivering the goods. not sure why the cashflow is disappointing but they wouldn't pay a dividend if it was an issue. i continue to watch closely. I am prepared to consider investing on a long term view, but the price will have to be right!
microscope
05/12/2017
09:07
Suppose it could trade below NAV for ever! Still its a massive discount.......
meijiman
05/12/2017
07:32
Excellent results today. I still think that breaking this up and selling off the businesses would deliver far more value to shareholders than continuing to trade. Arthur
arthur_lame_stocks
04/12/2017
16:48
Yeah wouldn't disagree. Don't think Adamson's has closed, though it was running at a loss (mainly because they import stock, and low pound has hammered them). Suggestion at the last report was that losses were slowing. However the knock on of losses is that intangible assets took a pasting. I suspect they will do again I think what will be most relevant will be once you strip out the writedowns, whether the overall company (PHSC) is trading profitably, with all the sum of the parts. Suspect they might be, and net assets should still be more than double market cap, even with the writedowns. Some of the other subsidiaries are actually doing very nicely thank you - as of last report - but the good news got kind of buried by the concerns over Adamsons. Cash position will be the other thing i look out for. That's why I'm interested to see what they have to say this time. As said before, not holding, but with the market cap below £2million, I can't see too much downside from here, If they were to delist (unlikely imho) shareholders would probably not be taken out much below this price. All imho of course :) Yes and i looked at VRS recently! D'oh, one day Rodders.....
microscope
04/12/2017
12:13
I don't think some of their acquisitions have been all that great -though they do put tight criteria on how much to pay. Am I right in thinking that asbestos related has gone down and their is a hiatus before new earnings are up and running/? Could have invested PHSC money in VRS!!!
meijiman
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
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