Phsc Share Discussion Threads

[jayminpatel1] 27/8/2020 12:17

Careful here be very very careful

[newtoaim] 27/8/2020 12:12

He buys in early then ramps fools jump in and he exits

[bmwman3] 27/8/2020 12:11

Riddler on Twitter

[gelp] 27/8/2020 11:53

Something is attracting buyers?

[joerog] 20/8/2020 21:32

I have mentioned it before, but I would look at SIM too.

[sharescoop] 20/8/2020 09:23

VRS also on the move. Is it because of this? Do your own research to see ;-)

[netcurtains] 20/8/2020 08:59

thats THREE from list done well: EVE, FCCN and now PHSC

[netcurtains] 20/8/2020 08:53

Those NETNET lists really work

[value hound] 20/8/2020 08:30

I'd say these results were pretty much as expected in the weird circumstances. I'm glad they held the divi.

[netcurtains] 20/8/2020 08:13

Going forward this is probably the "key" info from results:

Personnel Health & Safety Consultants Limited (PHSCL)

* 2020: revenues of GBP763,600 yielding a profit of GBP302,500
* 2019: revenues of GBP657,100 yielding a profit of GBP278,000

Income from PHSCL's flagship product, the Appointed Safety Advisor Service was
around 10% down year on year. However, consultancy income from non-retained
clients more than doubled to around GBP225,000. In addition, revenue from
training courses was up by GBP20,000.

Despite the reduction in revenue from the Appointed Safety Advisor Service,
PHSCL derives most of its income from this product. There was some client
churn, though generally client retention is good and has not been unduly
affected by the COVID-19 pandemic.

PHSCL continues to meet the accreditation requirements for the ISO 9001 quality
management standard, having held this "kitemark" for 23 years since becoming
the first organisation of its kind to achieve the standard.

[netcurtains] 20/8/2020 07:59

EBITDA of GBP0.255m, an increase of approximately 120% from GBP0.116m
last year (after adjustment for exceptional gain on property sale of GBP0.166m
last year)

And proposing a DIVIDEND...

Final results out...

[netcurtains] 20/8/2020 07:56

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 17:15

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 14:37

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 13:25

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 17:24

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 13:46

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 13:41

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 13:00

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 12:55

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 12:36

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 12:00

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 13:58

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

[lehibou] 19/5/2020 13:54

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.
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