Phsc Share Discussion Threads

[battlebus2] 01/8/2012 19:33

A positive day for PHSC, hopefully we will see some momentum till the x dividend of 2p later this month.

[gilston] 17/7/2012 16:54

No big deal but I guess this could add a useful 0.69p to eps if these figures materialise.

The acquisition hardly makes a dent in the near £1m.cash balance held in the company, worth nearly 10p per share. In my view the company should up the dividend to 4-5p.

[battlebus2] 03/7/2012 22:46

Thanks Amorruso.

[amorruso] 03/7/2012 22:40

battlebus2
27 Jun'12 - 07:51 - 538 of 539

Sorry battlebus2, no I have never heard of this company and their office is very close to where I am but certainly wouldn't get excited about them as there are lots of small consultancies doing exactly what they are doing. Looks like a very small operation in any case but do seem to be cash generative all the same which is what it is all about.....

[glasshalfull] 27/6/2012 14:54

Results came in as expected & nice to see 2p dividend or 9% yield on the back of these.

Sounds like they are experiencing an extremely tough market place & interesting to note their comments on the AIM listing. Factually incorrect about PLUS closing and perhaps a move to the new PLUS market run by ICAP could be the way forward for the future.

Anyway, I'm delighted with a 10% yield & will watch developments with interest.

Regards,
GHF

[battlebus2] 27/6/2012 07:51

This could be the QCS site


Amorrousso do you know of them?

[battlebus2] 27/6/2012 07:26

Results out and we have the 2p dividend or nearly 10%. QLM has delivered strongly this time which is great and especially pleasing as the next acquisitions are to be similar non core health and safety which are providing better returns.



There is considerable uncertainty about our marketplace, coupled with general
economic stagnation that appears to be affecting most sectors of the economy.
Last year, Group revenues fell by around 9 per cent. but with the benefit of a
contribution from the new QCS subsidiary from August 2012, the board sees
revenues for 2012/13 as being marginally ahead of those in the previous year.
If each subsidiary, including QCS, achieves its forecast then profits would
also be slightly ahead of last year. This expectation is based on eight months
of trading through the new subsidiary.

Very pleased.Well done team.

[battlebus2] 23/6/2012 13:42

I agree GHF the dividend should be atleast 2p i'll also be watching for further buoyant trading conditions which should send the shareprice a lot higher. I've also noticed another buyer other than yourself and on my PHSC thread on Fool a guy called Storybooks has joined us so other investors are starting to notice. Unless it's your username or that of another who posts here?

[glasshalfull] 23/6/2012 12:43

I'm looking forward to results and perhaps news on the acquisition front this week.

I fully expect to see a dividend around 2p or 10% yield and also note that somebody is now competing with me for stock here.

Regards,
GHF

[battlebus2] 20/6/2012 18:40

Chart still looking like we are heading north again. Any name to the 10k bought today?

[battlebus2] 26/5/2012 18:38

Hi SteMis yes the goodwill is quite high so i have conceded this and moved the link from the Fool value board to share ideas. I believe that's always going to be the way here as it's in the nature of todays accounting practices. There's no doubt these are very cheap especially when you take into account the possible 2p dividend this year and even if they spend too much on the expected acquisition a 1p dividend is still around 5%. Cash balances are going to increase further as business is picking up again so i certainly see a definite upwards trend. I have a minimum target of 30p.The management here are excellent imv and shareholder friendly. It's all how you view it really one man and his dog businesses do hold risk but can reward also so surely worthy to be part of a small cap portfolio.

[stemis] 25/5/2012 14:18

To be fair the net assets of 50p/share includes goodwill of 32p/share, so not quite the Value indicator it first seems.

At 2.9 x EBITDA they are definitely cheap but my concern would be that this is a collection of one man and his dog businesses with little scale or competitive advantage.

[battlebus2] 19/5/2012 11:07

Added a mention on TMF board but moved it from the value board to a new thread if anyone would like to comment.

[battlebus2] 18/5/2012 18:51

Des i can't help feeling your missing out on a decent return. These will be trading a lot higher with the new acquistions fantastic increasing cash balances bouyant order book and it's been a couple of years since they have said that along with a possible 10% dividend not to mention they may become a takeover target it's so cheap.for me this outweighs any worry over the % director holdings. Got to be worth atleast a small punt for you but i suppose there are loads of bargains at the minute anyway Des.

[deswalker] 18/5/2012 13:56

Had a quick look but don't like the register so decided to pass. Des

[amorruso] 18/5/2012 13:53

I think that it may well reach 40p in the not too distant future as it is cheap, unloved, and under researched. You couldn't really ask for anything better can you?

[battlebus2] 17/5/2012 13:26

Keep up the nibbling three buys so far today.

[glasshalfull] 17/5/2012 09:34

I note that Northland indicate that trading in the final quarter was stronger than anticipated and EBIDA ahead of forecasts, with net cash substantially ahead of forecast by a whopping £200,000 - or 30% - higher, demonstrating fantastic cash generation here.

With "surprisingly strong" trading and noting improvement in margins and focus on cost cutting they indicate valuation "appealing" especially with net assets of 50p and 6% yield, not discounting possibility of a further special dividend payment which could bring yield up to 10%+
;-)

Nibbled a few more shares. This is currently worth at least double the current shareprice & should be valued at an EV of c.£3 million at very least.

Regards,
GHF

[battlebus2] 14/5/2012 18:26

Yes as things stand this seems to be getting cheaper and cheaper for no apparent reason than lack of interest but that's until you buy the stock then its very hard to get hold off. Great to see you here. It's a win win here with the expected 10% divi again. It'll be interesting to see who the acquisition will be.

[glasshalfull] 14/5/2012 14:53

I agree Amo & battlebus. Time for me to declare.

This company has been on my watch list for years and I've been a buyer following the t/s and moved the price this morning with stock now getting difficult to get hold of at quoted price (it was always thus with illiquid small caps).

As Amo says, I can't see this remaining independent too much longer. Only capitalised at £2.02 million with EBITDA of £450k and net cash of £900k on the balance sheet (with net assets equating to 50p+) indicates to me that this is one of the best value micro caps in the market.

Joins SID as my sector plays.

Regards,
GHF

[amorruso] 12/5/2012 19:00

Got to be a certain takeover target due to the strong cash flow. Forget about the reduction revenue as this is a consultancy and focus on profitability and more importantly the strong cash generation.

[gilston] 11/5/2012 16:58

Encouraging, but unusual timing for PHSC to issue such a statement. Perhaps shareholders are putting pressure on the company ahead of annual results in view of the high cash balance & low share price

[battlebus2] 11/5/2012 07:40

Earnings enhanced aquisitions are always good news imv.Gilston we may get a special divi aswell.

[battlebus2] 11/5/2012 07:27

A great update well done PHSC Stephen King, CEO, said: "I am pleased that the Group profit has exceeded
management forecasts, despite the reduction in revenues. Bank balances have
increased, despite a healthy dividend and payment of circa GBP 100,000 in the
last quarter for the final sum due under the terms for the acquisition of
Quality Leisure Management Limited."

"Our order book remains buoyant and we are optimistic that we can deliver a
positive start to this financial year."

"We are evaluating a small number of potential earnings-enhancing acquisitions
and are hopeful that there will be progress to report on at least one of these
in the current quarter."