Phsc Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Phsc Plc LSE:PHSC London Ordinary Share GB0033113456 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 13.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
13.00 14.00 13.50 13.50 13.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health & Allied Services,nec 3.57 -0.63 -5.30 - 1.77
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.50 GBX

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Date Time Title Posts
16/3/202310:59PHSC - Pukka, Healthy, Safe - and Cheap!308
10/1/201810:49Healthy, Safe and Cheap!3
09/1/201820:20Phsc tipped a BUY on admission to AIM781
05/12/201313:32Was fraud committed by dirs ?-

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Phsc (PHSC) Most Recent Trades

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Posted at 16/3/2023 10:59 by zangdook

At the end of September they had £691k in the bank, and at the interims in November they said this:

It is noted that authority was obtained at the last AGM for the Company to potentially undertake a further share buyback programme(s), however, no decision has been taken on this matter at the present time.

Perhaps they will now.

Posted at 06/4/2022 14:33 by cjohn
I'm out too, NTV. Useful liquidity with the share buybacks.
Posted at 16/3/2022 07:38 by zangdook
Lowest price paid per Ordinary Share: 26.88p

yet the director sales announced in the same RNS are at 26.7p. I would have thought sales under these circumstances would have been settled directly with the company, but it seems there's still a broker taking 0.18p/share. We can see the trades going through at the two prices.

Posted at 10/3/2022 22:55 by bisiboy
They need to pause now and wait for the price to come back
Posted at 26/1/2022 08:15 by zangdook
No buyback announcements yet, perhaps they have to wait for the price to stabilise because of the limit of "105 per cent of the average middle market closing price of
an Ordinary Share over the five business days preceding the date of purchase".

Posted at 24/11/2021 15:13 by lehibou
I have mentioned Marlowe (MRL) before and today they have announced results. A complete contrast to PHSC.Their philosophy is to take over small bolton companies and grow and integrate them.That was PHSC's philosophy but they were scarred by B2B and have now gone ex-acquisition.I think that is a shame as they have sufficient cash on the balance sheet and can think of nothing better to do than return it to shareholders. Perhaps Marlowe will find them? However Marlowe have stated that normally owners approach them,I can't see that as the two executive directors currently earn £168000 between them. Marlowe's equivalent for 2 executive directors is £343000 with revenue of £134.5 mi at the half way stage. A share buy back will perhaps temporarily increase the share price but I would prefer real growth in the company.If a share buy back occurs then I,and probably others,will find themselves above the 3% level and will have a greater voice.
Posted at 21/10/2021 09:59 by zangdook
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.
Posted at 09/10/2021 08:37 by microscope
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....
Posted at 02/8/2021 13:32 by microscope
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
Posted at 27/5/2021 03:35 by bozzy_s
Microscope re NAV / NAV per share. You're correct; the NAV per share would increase if they buy back at less than the balance sheet NAV per share. Simplified example:

Company has £5m of net assets, including £1m of cash

Company has 1,000,000 shares, giving a NAV per share of £5

Company buys back 200,000 shares at £4 each

As a result, they now have 800,000 shares and net assets of £4.2m, including £0.2m cash

NAV goes up to £5.25 per share

Dave4545 re goodwill. It looks like much of this is due to businesses PHSC has bought over the years. Anything paid above their NAV would go onto PHSC's balance sheet as intangible assets, along with any intangibles on the acquired business' balance sheet. Simplified example:

Company A makes an acquisition of Company Z, paying £3m in total

Company A has net assets of £10m, including intangibles of £6m

Company Z has net assets of £2m, including intangibles of £1m

Company A still has a net asset value of £10m, but it now includes intangibles of £8m. The net assets stay the same as it spent £3m cash, and got £1m of tangible assets + £2m of intangible assets in return

PHSC's intangibles probably include some business startup / merger costs which can't be put through the Profit & Loss account, plus software development costs etc.

Personally I'd write off intangible assets when making the NAV calculation (I'd go for NTAV - net tangible asset value). For PHSC the intangibles make up about 60% of NAV.

Phsc share price data is direct from the London Stock Exchange
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