Psg Solutions Share Discussion Threads

[truffle] 28/5/2008 07:49

Fido,

Do you have any thoughts on the %20-25 drop in the share price in the past month or so, or indeed the company's recent trading performance, bearing in mind the annual results are due next month?

[fido] 28/5/2008 07:34

2 large RNS type trades so far today.

[phillis] 22/5/2008 09:45

27 June last year.
Why would you announce earlier this time?

[truffle] 22/5/2008 08:14

Make that 20% or so in the past month.

Anyone got a definite date for the results? Must surely be by latest the end of June.

[truffle] 19/5/2008 09:36

Further fall to-day.
Whichever way you look at it the property market is in turmoil which can't be good for a company such as this.

The shares have fallen about 15% in the past month in the run up to the results which are due May/June, which does not auger well.

[squaddie] 12/5/2008 14:14

Could also be leaked news of a bad set of results, which are due anytime now.

[truffle] 12/5/2008 10:34

Presumably the drop in price last week and this morning is due to the recent press reports stating that HIPS are not going so well/ being delayed etc. ??

[truffle] 25/4/2008 07:41

Thanks.

Are there any indications as to how the company did last year or, indeed, is doing so far this year?

[fido] 25/4/2008 07:16

Last year they were released on 27th June.

[truffle] 25/4/2008 07:13

Anyone got any idea when the results are due?

[fido] 08/4/2008 19:54

We should see interest rates come down tomorrow. That should be good for housing sentiment and for PGS.

[phillis] 08/4/2008 15:25

fancy not knowing your Roberts from your Vincents

[fido] 07/4/2008 13:06

Masurenguy,
We are not talking about RT but VT. However the gist of your post remains.

The point is that if you are a very big player like these two are then you are going to take a hit on any downturn. What makes them so successful is that they get it right over the long term which is what investing is all about. Neither of the two will be happy about any short term hit but neither will be put off their long term plans.

For PGS to have a stakeholder like VT on its register is praise enough. To have him building his stake along with Mr Morton and other institutions means that PGS either have a very good future ahead OR they are going to get taken out. At the moment it looks like the latter.

[masurenguy] 07/4/2008 12:36

Well Tchenguiz doesn't always get it right and he goes through bad periods with losses just like anyone else !

"The recent turmoil in the global credit and stock markets has made this most dynamic of London's millionaires one of the biggest losers of the current downturn. And following years of playing the property world and investment funds with an aplomb that earned him admiration and envy in equal measure, a series of what until a few weeks ago had looked like lucrative deals has gone spectacularly sour. After spending and borrowing heavily to accumulate a 10 per cent stake in the Sainsbury's supermarket chain at 525p a share ahead of an anticipated £10bn buy-out by a Qatari investment fund, the deal failed to materialise. Sainsbury's shares have since lost a third of their value, costing Tchenguiz an estimated £325m. The cost of financing the debt on the Sainsbury's stake is estimated at £1m a week.

A similar story has afflicted SCi Entertainment, the software company behind the hugely successful Tomb Raider computer games, in which Tchenguiz took a 15 per cent stake ahead of an expected takeover. Again, the bid never emerged and SCi's shares have plummeted by more than 80 per cent since last November. Together with turmoil at the Mitchells & Butlers (M&B), the pub group that owns more than 2,000 outlets and yesterday announced a write-down of £274m on a disastrous interest-rate gamble, it is estimated that the paper losses to the Tchenguiz business empire are running at £560m – and could rise further.

For an entrepreneur who has become used to plotting an ever-rising curve on his personal wealth graph, the sharp correction will be a shock. One senior investment analyst said: "Robbie has fought his way up from small beginnings so he knows how rough it can be out there. For a couple of decades he's led a charmed existence. With just one or two exceptions, his investment model has worked. But now he's lost a packet and it will be beginning to hurt. Nobody says goodbye to £500m on paper without saying: 'Ouch'."

[fido] 07/4/2008 12:29

squaddie,
I have posted many times about how this company is undervalued and about how good its prospects are.
With interest rate on the way down the market will look for companies that will prosper from a recovery of confidence in the housing sector.
PGS is a prime example of this and is the reason why we are now seeing takeover rumours from VT. He is very heavily into property related assets and he is no fool. He has a substantial stake in PGS and someone continues to build up a stake. If that someone is VT then the takeover rumours could well have substance.

[squaddie] 07/4/2008 11:23

Full year ended 31/03/08. Any buying now would suggest another year of good profits. At last count this company had @4 million in cash, and debt of @1.5 million, giving a net cash posistion of @2.5 millon. Based on last years performance we could see another £2 million added to this figure. What then to do with 4+m?. Buy out any competion in the HIP market before any recovery in the housing market, pay a dividened or just sit on the cash. Whatever the option with a market cap of less than £20 million this looks way undervalued.

[fido] 26/3/2008 15:37

Stakebuilding alert:

Another 292,500 shares just gone through the system.

[fido] 20/3/2008 21:07

Masurenguy,
There is probably more in that news than just rumour.
I always keep a close eye on any trades that go through. Although this share is not often traded, there has been a number of big trades completed over the last few weeks which I have attributed to stakebuilding.
Your post fits in with my current thinking and I would suggest that a bid is in the offering.

[masurenguy] 20/3/2008 16:53

The probable explanation for the recent spike in the share price !

From The Times
March 20, 2008
Rumour of the day

PSG Solutions, the property survey and home information pack company, steady at 70p, has rallied from 59p in the past two weeks. There is talk that the shareholder Vincent Tchenguiz is keen to mount a buyout bid, although it is uncertain whether he will win the necessary backing of Bob Morton, who holds about 20 per cent.

[fido] 12/3/2008 10:17

PGS up again today on so far zero volume. Indications are that this rise in the share price of PGS is not related to market conditions which although are showing a slight recovery, still need a little more stability.
Therefore this move is either down to news or to stakebuilding and probably both. The company`s confidence is shown by them buying back the shares. The stakebuilding is shown by Mr Morton increasing his stake 3 times in the recent past. Yesterdays very large trade is probably another stakebuilding excercise.
The point now is that there is interest in PGS and if a bid is on the cards then it would have to be at a substantial premium because of the company`s confidence about its future.

[fido] 12/3/2008 08:54

One of the things you have to keep in mind is the fact that PGS have held up well all though the credit crisis and the difficult housing market. With interest rates on there way down and a return of confidence, it is stocks like PGS that are well placed to benifit.

What we have seen over this last few months is the company buying back its shares and Mr Mortons Southwind fund topping up more than once. The large trade yesterday is just another example of an interest being taken in PGS`s shares.

The bottom line is that this stakebuilding and the company buying its shares underlines the value in PGS. It is either being done for the recovery potential or there may be a bid in the offering.

Time will tell but it all looks very promissing in what has been a difficult market.

[trustman] 11/3/2008 18:46

Volume now...... 669k trade this pm at 73p

[gorse] 11/3/2008 14:47

I've held these since Oct 05 - this sudden price movement is a nice surprise - hope it's backed up by a piece of real news.

[fido] 11/3/2008 14:13

Up 14% on 52K shares traded.
There is either an order being filled or there is positive news in the air.