Psg Solutions Share Discussion Threads

[truffle] 21/8/2007 13:09

The past 3/4 weeks has seen a near 15% fall in the share price.
Rather strange after supposedly bullish comments.

Any reasons/views on this?

[truffle] 20/8/2007 18:39

But they certainly don't move as much as they would otherwise do. Only if they have to.

I am simply saying that the recent market turmoil could well result in lower housing movements which, all other things being equal, could have a short term impact on the PGS price and may well be the reason why the price has fallen back again. If not, then what is the reason for the fall for what appears to be a company possibly doing quite well?

I also await Fido's response to my suggestion that his bullish comments over many many months and years have been wrong as to timing which could cost investors, himself included perhaps, a lot of money by way of lost opportunity elsewhere.

[balloo] 20/8/2007 16:34

Truffle - people still need to move. It's just that sellers are being more realistic with their valuations. I also doubt now that there'll be any more interest rate rises given the state of the markets and the Fed move last week. If anything, rates will start coming down but neither fast nor significantly. I'm holding for now. The fact that Bob Moreton is involved in a big way keeps me interested.

[truffle] 20/8/2007 12:09

Down yet again.

Hardly likely to attract buyers while the financial markets are in turmoil and with the likelihood of the housing market cooling off.

[sikhthetech] 17/8/2007 17:20

Hips to apply to 3bed homes from 10th Sept....should help PGS.
Don't forget this is early days for Hips.
Good Luck all

[truffle] 17/8/2007 08:06

Fido,

I don't disagree with much of what you say, or indeed have been saying over many months and, yes, years now.

What I do take issue with however, is your endlessly optimistic statements which do not take account of timing. The fact is that whether or nor this share moves up eventually it has taken far longer than you have indicated and you should admit this. You have been saying for far too long that it will shoot up but it hasn't. People who have stayed with it have lost opportunities to do other things with their money and that has been a big cost to add to their investment.

Even during the last few weeks the price has moved up, but then down again too and effectively ended up where it started. So now we have to wait, yet again, for more apparently positive news to try and kick-start a decent rise.

In my view this share should be at a price of around £1.00/1.20 but the fact is it isn't and we should all acknowledge this.

To that extent it is very disappointing.

[androyd] 15/8/2007 15:30

PGS gets a mention on the AHIPP website as one of the first companies to provide a HIP since the go live date on AUG 1st.

[fido] 13/8/2007 12:01

Truffle,
PGS are not so much governed by rising interest rates as they are housing transactions. It is these transactions that are still strongly moving forward as we get more single homes, more foreign workers etc etc.
As I have said before, PGS also gain by winning more market share, by taking control of a greater percentage of its franchise and by selling more products through its distribution channel.
You only have to look at the last statement that stated HIPS are going to have a VERY SIGNIFICANT EFFECT on earnings.
The market have still to come to terms with PGS`s prospects but when they do the share will trade at much higher levels.

[truffle] 13/8/2007 11:45

The problem now is that if the housing market slows down as a result of financial market turmoil, and more particularly rising interest rates, then HIP demand/usage is going to drop.

Maybe this is why the price of PSG has not really done very much after all the talk and the hype.

[fido] 08/8/2007 16:40

Lex,
Good to see you here mate.
This is going to make people a lot of money.

[fido] 08/8/2007 14:57

androyd,
Indeed there is.
Up to this moment in time PGS have gone unnoticed by the market and have not even entered investors radar space. This is about to change with HIPS focusing investors minds on PGS.
The share price has got PGS priced as a small insignificant company, but the company plan to be very big in all matters related to the housing and property markets.
The company talk of an aquisition that will significantly strengthen their position.
This will not be a small unnoticed company for much longer and when the press and the market get hold of it this will show strong gains.

[androyd] 08/8/2007 14:42

As well as all of the above, there is also the potential of an earnings enhancing acquisition yet to be factored in.

[fido] 08/8/2007 13:57

Masurenguy,
Let me give you a timetable here.
The government say that HIPS will be rolled out to 3 bedroom homes by mid September. The HIPS industry say that they have enough assessors now to do the job and are pressing the government for an earlier 3 bedroom start date. The government for their part are saying that they are monitoring the situstion so it could indeed be earlier. Meanwhile the rollout of HIPS to the entire market including flats is seen as mid November.

PGS have said that they are well placed to capture a significant percentage of the market so this is indeed going to mean BIG BIG money for them.

[lex1000] 08/8/2007 13:55

On line quotes: Bid 80.08p max 25k v Offer 81.43p max 10k.

[fido] 08/8/2007 13:50

Lets put this in laymens terms shall we.

HIPS ARE GOING TO MEAN BIG BIG MONEY FOR PGS.

Statement at the AGM

At the AGM of the Company held today, the Chairman stated: 'Trading in our PSG
Franchising business has been satisfactory for the four months since the year
end at 31st March 2007. If HIPs are fully implemented by the New Year, in
accordance with current government statements, the financial performance for
the full year could be significantly affected. PSG continues to generate
positive cash flow across all divisions of the Group, and if full blown HIPs
have arrived, they should be beneficial to future performance.'

[masurenguy] 08/8/2007 13:49

Marked up on AGM statement where the Chairman stated that next years financials could be positively impacted if HIPs are fully implemented next year.

[phillis] 08/8/2007 13:47

Looks like some buy oders in motion following the AGM announcement

[truffle] 05/8/2007 17:08

Masurenguy,

All I am saying is that for directors to stand down from company boards because they have fallen out with other directors or don't agree woth policy etc is not that unusual.
However, if the outlook for PGS is that good then presumably the Hesters would have held their stake, or at least some of it.

To me it suggests something more and we don't yet know the full story.

[truffle] 04/8/2007 11:51

I'm not a chartist.

Could someone interpret George Yeung's chart, please?

[androyd] 04/8/2007 10:32

It's the AGM on Wednesday, is anyone planning on attending?

[masurenguy] 04/8/2007 08:03

Doesn't need to be any sinister reason. They may have just decided to liquidate the balance of their holding and use the proceeds to pursue some other lifestyle project.

[truffle] 04/8/2007 07:38

Amidst all the flurry of optimistic statements on this BB perhaps the question we should all be considering is why the Hesters, who were responsible for starting the PSG business in the first place, should now want to exit?

I find this very strange and suspect there is more to it than meets the eye.
Why on earth would they do such a thing at this important moment?

PSG not done as well as it should have/starting a rival company perhaps/fallen out with the other shareholders?

We should find out or be told.

[fido] 03/8/2007 17:10

aaliyah,
I think PGS have been reading my posts LOL:

"Its main business PSG, through its exclusive national distribution channel is the largest private provider of home property searches to conveyancers in the UK. The Property Search Group, which is a part of PSG, carries out close to 330,000 searches annually and has the unrivalled potential to provide other key reports and services required by home buyers. When the Home Information Packs (HIPs) become mandatory for all home sales PSG will be in a strong position to secure a significant market share.

The PSG operation generates strong cash flow and is well placed to acquire businesses which can better serve the home buying process

[aaliyah] 03/8/2007 14:35

Not only has it been updated. It is a brand new website!