Phsc Share Discussion Threads

[netcurtains] 20/8/2020 06:56

I've seen a ZILLION new "health and safety" features in shops, offices etc etc.
I hope this company has picked up some orders.

It is a NETNET company so will need some "good" news to lift it

[netcurtains] 09/8/2020 16:15

NTV: I was thinking that but on the other hand if they had furloughed all the security staff instead of losing money you would think they would break even - especially since the government have been giving grants of free cash to small businesses.
However we'll see in the results.

Quite exciting or apprehensive (depending on personality type) for this little company.

Also some interesting advfn posters either in or watching.

[ntv] 09/8/2020 13:37

There will be a big write off at their security arm so don't expect a profit
I am wondering if they will shut it completely to stem losses
It will be all about that cash balance and what is owed to the Vat man etc

[joerog] 09/8/2020 12:25

Not long until we find out. We just need a sign that things have turned around or there is a good outlook and we should see a good rise from these low levels.

[netcurtains] 08/8/2020 16:24

PHSC - My feeling is, during the lockdown etc etc the market for PHSC has shrank considerably however the market that does exist (going forward) will have a much higher demand for Health and Safety.

I think the covid era could be a huge and interesting challenge for this company, it could be the making of them and since its a NETNET the down side is pretty small...

However the potential for serious business growth is there if they can grab a large enough slice of the covid health and safety market.

Anyway interesting proposition.

Market Cap about £1.3M Imagine if they ever made £1M net profit from an era dominated by covid Health and Safety? What will the Market Cap be if they started to make significant profit? £5M to £10M? Obviously a wild punt but who knows the future?

[netcurtains] 04/8/2020 12:46

joerog: Looking at long term graph, it appears in Dec2019 to Jan2020 the company was heading back to the 2017 price levels. They were then knocked back by Covid lockdown.
But hopefully they got the government grants and furlough monies so not too badly hit (touchwood).

That was then, this is now: BACK TO WORK TIME and they are in the frame to pick up some important Covid contracts..

This, theoretically, is their time to shine

[joerog] 04/8/2020 12:41

Yeah, they were hit pretty hard during lockdown but the price at the moment assumes the business is pretty much worthless.

[netcurtains] 04/8/2020 12:00

Thanks microscope....
Be interesting to see what they can pull off .....
Back to Work September so August should be a busy month for them

[microscope] 04/8/2020 11:55

Unfortunately a lot of their work is in retail which pretty much shut down for months. Hopefully they won't have been too badly impacted and will see the beginnings of a revival by the time results come out, which I would imagine will be in the next two or three weeks

[netcurtains] 04/8/2020 11:36

You have to say - if this company is ever going to come good it will be now - Its got all to play for:

"health and safety" and Covid AND BACK TO WORK....

Its a perfect alignment...

Can they pull off the big one?

(its NETNET so it really cant get much cheaper)

[netcurtains] 04/8/2020 11:00

This is a NETNET stock AND its in an ideal sector for Covid19 era - cleaning offices (Health & safety)

Blurb:
PHSC PLC, through its subsidiaries provides health, safety, hygiene & environmental consultancy and training services to organizations across the UK.

[lehibou] 19/5/2020 12:58

Sorry about the table. It changed between the ADVFN box and the actual thread!!
Hope it still makes some sense.

[lehibou] 19/5/2020 12:54

I was looking through the AIM 100 in the IC and I noticed MARLOWE (MRL).This is a company that has rapidly expanded in the fields of health and safety,fire safety, water treatment,law, occupational health and air quality through numerous takeovers of smaller companies .Quite a conglomerate and reminds me of the Slater/Hanson era although Marlowe are mainly using cash plus earn outs. I wish them well, but the point of this rambling is the prices paid and the relevance to PHSC.

All millions
Company Revenue PBT Net Assets Price Paid

Solve Not disclosed
(HR and
employment law)

Managed Occupational 4 0.6 0.6 1.8 up to 3
Health

Eurosafe 3.4 up to 2.5

Law At Work 5.4 1.0 2.2 6.3 up to 10.3
(subscription based
employment law
and Health and safety)

Fire and Safety 4.3 0.6 1.2 2.4 up to 2.7
Systems Ltd

Quantum Compliance 4.5 0.5 1.0 4.0 up to 7.2
(health and safety)

Current Market Value
PHSC 4.43 0.28 5.3(?) 1.5 (inc 0.7 cash)

So what is my point. Marlowe seem to have a penchant for buying small companies that help others with the necessary but “irritating221; aspects of corporate life. If PHSC can ever turn around the security subsidiary (or sell it) then their profits should be nearer the £0.5mi level. Their worth as a stand alone company or as a purchase for another would in my opinion be in the region of 25-30p. A purchaser would surely be able to substantially reduce the Head Office costs. Do not be mesmerized by their net assets as they must surely be reduced by more write downs from the security side. Again courtesy of the IC, I noticed a quote from Stuart Widdowson (a manager of a small companies fund)
“We look at whether a company would be worth more to a trade buyer or a private equity investor”

N.B
All the Marlowe and PHSC's figures are pre COVID 19 but I think this demonstrates that when normality(?) returns and Health and Safety are still paramount in both company and public minds, then a re-evaluation could occur.
I have a holding and after my own analysis have bought more. I am happy with my position and the income stream (final might be passed as per other companies!),and view it as a long term holding but would not fight too hard against a takeover at the right price.
But these are my musings. I would be interested in other thoughts.
As ever DYOR please, and not take the above as an investment recommendation. I am using my own money and my own research for better or for worse. Again I repeat DYOR.
,

[diku] 13/5/2020 20:14

That 30723 first sell trade was bought yesterday at 13p...ouch that will hurt...also 25k and 50k probably from yesterday buys...

[lehibou] 13/5/2020 11:16

I e-mailed the company on the 8th requesting a RNS
,but it bounced back,mail box for user is full.Today RNS ,strange world!
Cash will decline with reduced work loads,but there is a lot of it so no immediate worries.Bit disappointed that no mention of increased work from Health and Safety as it is very much in news at moment. If they can ever sort out the security side then the Company has a lot of strong arms going forward.

[value hound] 13/5/2020 09:28

It isn't bad at all; I would say it's pretty much exactly what was expected.

The businesses are in the price for free effectively.

[zangdook] 13/5/2020 08:51

I didn't think the update was all that bad.

[diku] 13/5/2020 07:50

Those who bought yesterday got screwed?..

[value hound] 12/5/2020 11:25

It doesn't take much to budge a co. valued at £1.9m at 13p. I think you have to be confident (hopeful?) in the longer term - not exactly tradeable!

[meijiman] 12/5/2020 11:15

The ceo has had a haircut and beard trim

[spursspurs] 12/5/2020 10:52

news imminent?

[value hound] 28/2/2020 20:39

Nice to get such a big divi today in % terms - particularly in such grim times.

[cjohn] 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.

[galaxy enforcer] 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.