Phsc Share Discussion Threads

[microscope] 05/7/2021 20:43

Cheers Dave. No doubt be some profit taking but I'm convinced that reading between the lines from chats I've had with management over the years that if there was ever a buyer for the company, or any part of it, that management would want well above nav.

Given that that's 36p, were it to happen, (I've no reason to think it's any more or less likely than previously) we could still see substantial upside. (Wey Education received an offer many times nav recently just as an example off the top of my head).

I'm encouraged that it wasn't twitter and the number of buys were not a mere handful, looks like it might be a reputable tipster with a decent following.

[dave4545] 05/7/2021 17:44

Well done chaps def a tip this is too quiet to get all that interest at the same time.

[ntv] 05/7/2021 17:24

I bought a small amount this morning for one a/c waiting to see if mm dropped the price like they did the last time I did a small top So BAH humbug it must have got tipped somewhere. Anyway nice to see a sudden surge
I am going to wait again now and see if it drops back

[zangdook] 05/7/2021 16:43

It stops dead at 16.18. What's wrong with the last 12 minutes? Did everybody just get finished?

[zangdook] 05/7/2021 16:41

I'd guess it wasn't a sell, if the trade right before at 19.6p was a buy.
They're all for irregular amounts which suggests little guys buying what they can afford, so yes, could be a tip. It's a bit late, though, unless the tipster knows something.

[microscope] 05/7/2021 16:27

Could be, but my guess would be a tip to subscribers from somewhere. Search for PHSC on twitter didn't throw up anything relevant that I could see.If that 25k+ was a sell at 20p as showing on trades, about ten minutes later they could have had not too far off a grand more.

[zangdook] 05/7/2021 16:21

It starts suddenly at 16.05. Perhaps something's going to happen and there's been a leak?

[microscope] 05/7/2021 16:16

Whoosh! Glad I didn't sell out. Convinced valuation remains far too low. Tipped somewhere?

[microscope] 30/6/2021 11:58

When I saw they'd bought CQC this morning I did a double take.Of course our's is QCS!

[lehibou] 30/6/2021 08:40

Marlowe still buying.Check out latest price and operating profit level of new addition.

[microscope] 18/6/2021 12:17

They usually do a 200k write down CJ, which magically appears above the line and reduces the tax bill. :)I've talked about this a few times. PHSC's intangibles are more 'tangible' than most in my opinion, if you get my drift. For example, an MBO, or float, of one of their companies could convert to a substantial chunk of them converting to cash. Maybe more than the entire PHSC market cap even given the numbers a couple of their umbrella of companies are delivering.Zangdook I've not looked properly recently but OMIP has some pretty strong fundamentals given their cashpile. Others would mainly be in the property sector. Thanks Dave I'll have a look.

[cjohn] 18/6/2021 11:26

The company generated cash in the last half. If that happens again, we might expect another share buyback.

I managed to off-load about 40% of my shares since buyback announced.

I wasn't intending to sell all I had left at 23 - though it was tempting - as I believe intrinsic value is close to 30p.

The NAV has to be taken with a pinch of salt; given that most is intangible value. Further write-downs in value of under-performing divisions pending?

[zangdook] 18/6/2021 10:12

what are your couple, microscope?

[dave4545] 18/6/2021 10:09

I trade and I invest.

I buy a stock at 10p and might sell at 15p, if it takes 1 day to get there I'm a trader and if it takes 1 year I'm a investor :-))

I'll give you a right iffy one but could be a moneyspinner CMB based in super safe Zimbabwe lol

But do have a look

[microscope] 18/6/2021 09:47

Ok fair enough Dave but ostensibly you are more of a trader than an investor I think when I've seen you on other threads? And I'm genuinely interested. Lots of other penny stocks trading below nav. Are they turning a profit, in a good financial position and, perhaps, paying a dividend? I can think of a couple but that's about itIf you can give me two or three names that would be really appreciated............Just don't say BLU, or any of these others investing mainly in start ups! ????Meanwhile yesterday's fall here seems to have been more on the news than volume. Which is encouraging, not much selling was going on.

[dave4545] 18/6/2021 08:38

microscope

Bit unfair, I mean this market is chocca block with penny stocks trading below their NAV

Nobody cares, for 99% now it's all about momentum they could not care less about fundamentals they want momentum and a quick buck and would rather play a vastly overvalued stock with that then a bargain stock with none

I did say when the company looks to be near the end of the buyback it would be time to cash in, I'm just disappointed they only managed to get the price up to 23p but that was a lot better than 15p

Value will out in the end but with no company supporting the bid they might need some news now to get it moving again, and yes I was selling all the way up, I understand how this worked and said so.

[zangdook] 18/6/2021 08:31

Perhaps I was wrong, we seem to be sitting on 20 with nothing much happening, like we used to sit on 14 or 10.

[lehibou] 17/6/2021 18:59

Marlowe still paying full prices for small companies.3 this month.Will we start to buy again as there are shares in Treasury? Along with others my stake is now close to declaration level.

[microscope] 17/6/2021 09:13

Correct zangdook, a few traders like Dave will (hopefully) be out no doubt. Quality company if (too, some would say, not me) small in stock market terms.

Profitable, debt free, nav nearly twice the share price now, and cash rich. Free float of barely 7.5 million shares and a declarable stake for about 80k.

Someone with a few quid will see the light here before long, now that the buyback has advertised the value.

I'm more than happy to add on weakness when I have funds available. Sadly that isn't now but shouldn't be too far away

Edit:And I forgot,yield 5% - and well covered too!

[lehibou] 17/6/2021 09:05

I calculate new asset value at approx 37p.At 20p discount now 46%!Before 60%!What now BOD?

[zangdook] 17/6/2021 08:41

I'm not selling any. Too much like hard work.

[dave4545] 17/6/2021 08:34

In all seriousness zangdook you should have been slicing all the way up in anticipation of this happening.

It seemed quite obvious to me this would happen once the company was not propping up the bid.

[zangdook] 17/6/2021 08:21

I was hoping they would extend it. The quick money types will be dumping now. Where will it end up short term? 16p?

[dave4545] 17/6/2021 07:29

All done, way earlier than I expected.

I thought they might have got the price up to 30p with gradual buybacks.

[cjohn] 16/6/2021 09:24

Bozzy_S

"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."



It depends what you mean by rubbish. If you mean very financially weak companies, then mostly I agree with you. But for example in March 2020, there were plenty of highly indebted, loss-making companies that were amazing bargains. They didn't have liquidity problems and hence weren't going to go out of business imminently. In those circumstances, it made sense to buy some good rubbish.

It depends on the price. In crises, it's often worth lowering high standards!