Phsc Share Discussion Threads

[zangdook] 23/11/2021 08:13

does "prior to the end of the financial year" mean just prior? Or could it be any time?

[zangdook] 23/11/2021 07:11

"...it is anticipated that a potential further share buyback
programme, utilising the authority granted by the relevant special resolution
passed at the 2021 Annual General Meeting, will be duly considered by the Board
prior to the end of the financial year and announced as appropriate."

[ntv] 24/10/2021 07:36

There is the rest of the sale order and presuming that is the lot

[microscope] 22/10/2021 10:44

Interims are usually late November or early December so not long to wait. In that the period reported on would be up to the end of September they should have an idea by now how they will look.So if there was anything untoward I think we would have had a trading statement by now

[microscope] 21/10/2021 12:10

Yeah definitely appreciate your point. Maybe the seller has a few more, though the uneven number might suggest otherwise.I'm sure Paul would update the market if he felt anything was amiss. Hopefully it's just a single holder moving on.

[zangdook] 21/10/2021 11:37

Still, it seems odd that market makers would take on 50k at 20p and then drop the price so far that the seller can buy them back at 19.75. It's not like them to give away £125 for nothing. Perhaps there's something going on in the background?

[microscope] 21/10/2021 11:30

But the 50k was delayed Zangdook, so would have been the sell at 20p which dropped the price.Would like to think there's no insider trading NTV! On AIM, lol.... Wash your mouth out ;)Joking aside, and assuming nothing nasty in the pipeline, perhaps it's time to resume those buybacks. Grinding my own teeth a bit as funds pretty tightly tied up for now.

[zangdook] 21/10/2021 09:59

I see slightly under 60k shares traded, all at 19.75 or above. 19.75 is the current buying price for 50k, so if today's trades were sales the MMs aren't making any money. I don't know why the price has been marked down, though.

[ntv] 21/10/2021 09:27

I hope this is not someone with a bit of inside knowledge of next results as they have dumped an awful lot of shares this morning

[ntv] 13/10/2021 08:02

CJ, thanks for updating your view
I have not added but sold a few at around 23p a while back for someone I help with investments because they were paying for some building work but this was across the general portfolio
It seems it doesn't take a lot to move it back as you M say which is a bit weird
and as L says lets hope the security division can improve with the new contract.
If things have improved maybe we will get another buyback or even an improved dividend
on the next results

[lehibou] 10/10/2021 11:24

I hope that the security division ,with the new major contract,will stem the losses,the other divisions should all be making good profits.Should have £1m cash.Strip that out and the remainder will look cheap.I hope that they use the cash to do bolt-ons like Marlowe.MRL.or get bought!

[microscope] 09/10/2021 08:37

Thanks CJ. Interesting that two or three hefty (by PHSC standards) sales moved the price marginally lower but it only took 10k to see a move back up.With the AGM now done, I wonder if the MMS are anticipating the new buyback authority to be enacted fairly quickly....

[cjohn] 30/9/2021 20:48

Hello NTV and microscope.

I haven't sold any recently. Still potential upside.

I did sell a fair number a few months ago in and around 23p, but haven't bought back either.

[ntv] 30/9/2021 19:56

Anyone go to the AGM?

[microscope] 30/9/2021 08:46

So much for my guess of a small buy or two probably moving us higher. Whoever sold, seems like an odd time given a decent divvy imminent and new buyback authority coming into place.But I'm learning never to second guess sellers. Perhaps an investor or institution needing to balance the books at the end of the quarter, just someone who has lost interest, worried about the wider economic picture, or needed the cash..... So many possible reasons. The old maxim every buyer becomes a seller remains true.If it was yourself CJohn hopefully it works out for you.

[ntv] 27/9/2021 20:53

Cjohn
Did you sell a chunk here today?

[microscope] 23/9/2021 18:06

Small sale by someone,admittedly, but at mid-price. Small buy at full offer.Might not take much to see a move higher.

[zangdook] 03/9/2021 00:09

thanks, I'll have a look

[microscope] 02/9/2021 21:49

Bit o/t but zangdook you asked who I had on radar below nav. I suggested OMIP but when I had an updated look, was well wide of the mark now.One that actually is below tangible nav is VTU and I bought in last week.

[ntv] 05/8/2021 09:42

Interesting that they have a new contract with a major supermarket
Should be fairly reliable income and hopefully make that side of the business profitable

[microscope] 03/8/2021 20:45

Yes NTV I'm wondering too. Probably nothing more in it than they were ready...

Unless there's something more corporate in the air.

Buyback was rather out of the blue too in retrospect.

Then there was that remarkable ten minute buying spree not long ago, shares which don't seem to have been let go as you'd imagine some PIs might do fairly quickly without price activity within a week or two...

As Jim Hacker once asked Bernard....

'Are you thinking what I'm thinking?'

[microscope] 02/8/2021 13:32

A few results takeaways. Inevitably some divisions have performed better than others through the pandemic and move to online sales has hurt the retail parts of the business.However the overall numbers are very acceptable. The promise of delayed contracts coming through in the second half of the year is going to be important.Cash position healthy, and decent dividend maintained. NAV 35p, so actually up during a pandemic, with almost a third of it in cash, and a profitable companyNew buyback authority (but not guaranteed to happen) should keep the share price on its toes. Sellers might time it badly!Strong hold/add for me, and I certainly intend to have funds available on even small weakness from here

[ntv] 29/7/2021 10:47

I wonder why the results have been released so early?

[cjohn] 14/7/2021 12:23

Hi Microscope,

You're right that if you could find an eager buyer for each division at intangible asset value, the end sum would probably be above the current MCAP.

But they may still need to write down the security division: loss-making with poor prospects.

The thing is they don't seem to have received approaches, so I'm wondering how robust the intangible valuations really are?

[glavey] 05/7/2021 21:55

Yes, but what's the connection with John Lewis?