Phsc Share Discussion Threads

[cjohn] 16/6/2021 09:18

Thanks to all posters on the subject of the 3% notification rule: NTV, Zangdook and Russman.

I've just caught up with your further remarks. I personally held about 2.5% of the company. Three other relatives held about the same put together.

I run their accounts and am listed on one as a manager, but not the others.

As I have no beneficial interest in the other accounts, I don't have to declare. That's what I've been told by the lawyer I consulted.



I've taken some profits on all the various accounts.

[bozzy_s] 13/6/2021 23:15

Re selling for an instant 1/7 loss. I could perhaps understand if it were a basket case company / pure punt on a rising microcap. Having a stop-loss could be sensible in those cases.

But buying quality, then selling immediately for a loss? Stupid!

I never buy rubbish stocks. Always buy quality companies, which I'd be happy to hold for months or years if necessary to turn a profit.

I'll keep watching this from the sidelines for now. That's people's cue to buy, as it's bound to get to 30p now ;)

[microscope] 11/6/2021 13:55

That's entirely fair Dave, I was one of the very first investors when this was on Ofex, (been in and out a few times along the way but always a follower) at if I recall about 50p (nav was a lot less then too) so I'm used to the long quiet spells. It was just that your post suggested you knew of other sellers around the end of the buyback. While I can see the short term logic, I wasn't aware of others having said the same thing.Possibly on a different bulletin board elsewhere?And I'm sure if it gets oversold it won't take long for people to get back in. This company has always had quite a few loyal supporters

[dave4545] 11/6/2021 12:39

We all have our own way of trading microscope.

This is normally a dead stock so if it takes off it might be a good time to take some off to play elsewhere but I think it can get close to 30p but more people will sell as it gets higher thus the buybacks will get filled quicker and they will get their fill

After that it might go quiet good fundamentals or not

[microscope] 11/6/2021 12:31

Which 'others'? Not sure there are many profitable, divvy paying, cash rich and debt free stocks trading below nav.

[dave4545] 11/6/2021 12:19

I'm the same as the others, once the company gets down to the last say 25-50k left to buyback then it's time to sell.

Until then enjoy the ride.

That person that paid 17.5p then sold again for 15p must be feeling sick, never understand why people buy into a stock then sell it quickly for a huge loss not giving the shares a chance especially when they said they would buyback stock

[microscope] 10/6/2021 20:39

150k delayed trade at 21.83. I'd imagine that's another buyback. Cheers bozzy, fingers crossed it keeps going in the right direction.Still think there's plenty of headroom for new investors too. ;)

[bozzy_s] 10/6/2021 18:53

Looking very good for you guys. Well done! Probably more to come - a microcap company with zero free float, buying back shares from the market. Exciting times for anyone who's holding.

[microscope] 10/6/2021 12:10

Still about a million to go if as I'd expect they run the full course, so plenty upside to go for I think. Even then probably be below 36pish nav.

5pc yield - at 20p anyway - (more than comfortably covered by cash) if all else fails!

[ntv] 10/6/2021 09:02

Another buyback

[dave4545] 07/6/2021 11:21

22.85p offer now whoosh

[ntv] 04/6/2021 15:20

23.475p for 3,500 to buy through IG
Not much stock about!

[bisiboy] 03/6/2021 14:50

gives the directors an opportunity to extract funds by reducing their holdings
in line with the buy back so i expect these will go higher

[microscope] 03/6/2021 12:45

Given their enthusiasm to buy back around 20p and no mention of an end to the process, can only see this going a fair bit higher, particularly as the liquidity gets ever tighter.I'd suspect there are a fair few watchers too, just waiting to press the buy button at anything below 20p.

[dave4545] 02/6/2021 18:28

I'd guess the company was buying more stock back around 20p today

[russman] 30/5/2021 08:50

Yes, the controlling legal entity notifies the company stating current holdings in x,y&Z names total ? shares.
Doubt company is really interested unless share votes become crucial.
Doubt company would ever find out without issuing section notices.
Obviously if any stakes are declared to the market; the holding names are published.

[zangdook] 30/5/2021 00:13

Russman

Do you mean it is the person controlling the account who has responsibility to make the declaration, if the beneficial owner holds 3%? That would make sense, but it's not related to how much that controller may hold on his own account, or other shareholdings he may manage for other owners.

[ntv] 29/5/2021 13:03

I was told that if you do the dealing on the account then technically you are controlling the account so it is up to you to declare it to the company secretary. Then it is up to them to make the the decision. At least you have done your part
Some years ago I had this and declared a stake in 2 smaller companies
Both cash shells
To my detriment, in both cases, the directors delisted walking off with the cash which far exceeded the then mkt caps
So I don't take overly large stakes any more in any thing except for SPSY but not a cash shell

[russman] 29/5/2021 08:31

The question is "do you have authority to control the account".

[zangdook] 28/5/2021 13:59

AIM rules are here, btw

[zangdook] 28/5/2021 13:58

The definition of shareholder in the AIM rules is

A holder of any legal or beneficial interest, whether direct or indirect, in an AIM security.

So the question is whether helping to manage a portfolio counts as an "interest". I wouldn't have thought so, but wdik?


It goes on to say

Any legal or beneficial interest, whether direct or
indirect, in the AIM securities of a person who is a
director or, where relevant, an applicable employee
or significant shareholder.
It includes holdings by the family of such a person.

So if Aunty Mabel has 3% then Uncle Ron's 1% holding needs to be declared too. But if Aunty M and Uncle R have 2% each, neither is "such a person" so their family members aren't counted? Hm. It's not very clear.

[cjohn] 28/5/2021 13:00

NTV17 May '21 - 16:15 - 187 of 214
0 0 0
Hi Cjohn
I thought as you have control over the account especially if you are a nominated person to carry out the trading on the accounts then you are deemed to be a concert party?
I also do similar for 2 other people
Might be worth clarifying with the company secretary your position



Thank you for your post, NTV, of some 10 days ago. I've just caught up with developments here

I am nominated on one of the accounts, but not the others. It's a real grey zone. But following your post, I'm going to get advice.

[dave4545] 27/5/2021 21:03

That 130k at 17.5p is not even showing on the LSE trades so it must be from 2 days ago minimum

[russman] 27/5/2021 17:14

If you are bidding on the book you can outbid the house broker.
Obviously speculating the buyback will will keep pushing.

[dave4545] 27/5/2021 14:55

Bid right back up to 19.52p so looks to me company/house broker are continuing to chase up the bid to try and get selling for their buyback