Phsc Share Discussion Threads

[arthur_lame_stocks] 01/6/2018 09:52

Unusual volume and trading activity here. But we haven't had a holdings RNS and the price hasn't really moved.

I wonder what's going on.

[microscope] 31/5/2018 17:42

Intra day chart appeared to spike when there was a buy of 45,340 at 11p just before 9am... And back down about 11 minutes later... on a sale of....

..........45,340 at 10.311p.....

....Please tell me they're not... erm... you know....!! :))

[microscope] 30/5/2018 23:01

There's a few.... Let's hope the buyer of 5,580 at just before 1pm at 15p per share isn't related to the person whose trade is reported as '?' just after 2pm for the same number of shares at 11.25p....

.........Strewth!

Anyway over 900,000 shares, which for a company with about 14.7 million in issue, even allowing for some apparently day trades, is pretty massive!

[michaelx105] 30/5/2018 13:51

11,581. Another loss.

[microscope] 30/5/2018 13:36

People trying to day trade this of all stocks, by the look of it.... Have a word!! :)

Will be interesting if i get time tonight to see how many trades of non-round-numbered shares I can match up as bought and sold, from today....

19,253 for a start! Could be coincidence of course.... ;)

If there is something in the ether... and I have no idea apart from that on past form a TS could come anytime, then maybe it's something like floating QCS, which in my view would bring in several times the market cap.

Agree with Meiji, once they sort Adamson's (asbestos) then we should be off to the races

[meijiman] 30/5/2018 10:59

A mysterious rise today. If asbestos can get sorted then the share is off to the races.

[diku] 28/5/2018 21:49

Markets work in a mysterious ways...

[microscope] 25/5/2018 19:45

Seen nothing in the trades this week that helps me to understand the price drops. Anyone have any thoughts?

[microscope] 23/5/2018 11:53

Well over 2% of the company bought this morning according to the trade data, yet we're up only very marginally and stock available at 10.188p still.

At least it proves that there's genuine pent up interest in the company at these imho utterly daft levels!

I guess there will be some hefty delayed sale trades later in the day, or sometime this week anyway. They may well prompt a holding RNS too at some point, but only time will tell if thresholds crossed.

Welcome aboard CJ

[cjohn] 23/5/2018 11:50

I've picked up around 100,000 shares at prices in and around 10p.

The downside is limited by asset backing and sum-of-the parts.

If trading continues to improve, the upside could be large.

[microscope] 22/5/2018 21:23

Welcome aboard Dd. Well it did pop yesterday on very small volume, so I wasn't far off on Friday...

But then this strange flurry of trading today. I hope the seller(s) just took advantage of the recent spike to get out, and it was as simple as that; but cheeky from the mms considering by the end of trading (reported volumes about equal buy/sells) the shares were still well down (hopefully no more waiting in the ether).

Anyway it was good to see people snapping them up. I thought about it, but the cynic in me just got the upper hand. We know a trading update is likely to be soon, and I'm rather hoping it's not early tomorrow! :)

However at 10p while we know the Adamson's part will be rough, barring any other serious gremlins, then in my view 10p is a cracking bargain! I'm guessing an H2 loss and around break even for the year, (ignoring depreciation etc); but it will depend on other divisions such as the gem that is QCS, doing well.

It is as I say only a guess, and intended to be a conservative one...

....Once Adamson's is out of the way, hopefully in the next results, then I believe the shares have a very positive future

[dd776] 22/5/2018 16:24

Back in after 4 years

[microscope] 18/5/2018 14:37

Put in a dummy trade for buying just 5,000 shares... 'No firm market quote available'....

....Could be about to pop!

EDIT: And minutes later, I get a quote at 'touch'. 14p

[spursspurs] 17/5/2018 14:16

Not me, but good to see some movement

[microscope] 16/5/2018 17:58

Single trade, a late in the day buy reported on of 50k at full price. Any of you?

....The trading update was in this week last year, (though has been June sometimes in the past).

[microscope] 03/5/2018 09:56

I agree meijiman the spread is 'killing the goose', not to mention taking the pee.... (In reality nearer 2p but still your point is more than correct!)

However I think you have to decide what you think is fair value, and where we might be in, say, 1-2 years time in terms of the company.

Adamson's will be behind them and hopefully the rest, particularly the QCS division, purring along rather nicely.

My idea of fair value, on these two measures, is well above 20p, (a market cap of under 4 million even at 25p remember, with a chance of a dividend at next interims) and therefore I still think that at this price the shares are well worth buying, despite as you rightly point out, the crass spread.

Although I am loaded up fairly fully, I'm like battlebus, silently watching/waiting.... Suspect there could be a 'fastest finger first' were the share price to drop much from here!

[meijiman] 02/5/2018 13:49

9-12p..who would buy/sell on that basis?

[michaelx105] 23/4/2018 11:46

Does anyone know if they ever attend investor shows?

[battlebus2] 18/4/2018 19:11

Silently waiting/watching 👍

[meijiman] 18/4/2018 18:57

Thanks chaps -very helpful posts.

[value hound] 18/4/2018 15:51

Thanks Microscope for the detail etc. The long and short of it is that the shares should be more like 20p in a year's time (maybe!!!) when Adamson's problems are behind us, QCS is going well and the yield is rising.

Then again .... :-)

Fingers crossed.

[microscope] 18/4/2018 15:41

Good to know others are following - gets lonely round here! :)

Meiji I summarized in the header the situation with Adamson's, as reported by the company. It is in effect the elephant in the room and the reason for the low valuation.

However now carried at zero, i believe, and the finals will incorporate the final losses from the division, and leave them with a clear path ahead for the other subsidiaries. (see above for the details on Adamsons). One of the two plants will be sold.

As I also mentioned in the header, the QCS subsidiary looks to be worth several times the company's entire market cap imho.

If people have a medium term outlook here, i think they will be amply rewarded.

You're right VH, the trading update was in May last year. I checked the last three years the other day, twice in lateish May, once in June. I would expect similar, though they might delay it until the Adamson's rationalisation is complete, which it should be in time for results.

[value hound] 18/4/2018 15:21

Finals will be early August but they'll probably update on trading in late May (this was the case last year). They tend to be a bit patchy and have warned, somewhat, now and again. But it's still materially undervalued IMO.

They're way too small to be listed obviously - but the historic yield is 10%, so worth holding for that alone if they get back there.

If it was sold too cheaply - it would still be over 20p IMO.

[meijiman] 18/4/2018 14:54

This looks to be an interesting company but there is little news. When is the next set of figures due. If Adamson's gets sold will improve the bottom line?