Psg Solutions Share Discussion Threads

[stegrego] 27/9/2012 19:53

New thread

[stegrego] 27/9/2012 19:50

PSG SOLUTIONS PLC

(`PSG' or the `Company')

Change of Name and Website

Following the passing of the resolutions at the Company's Annual General
Meeting on the 7 August, the Company has now formally changed its name to
Security Research Group Plc.

Dealings under the new name will commence at 8am on Tuesday 28 August 2012 when
the Company's TIDM (ticker symbol) will change from "PGS" to "SRG".

In addition the Company has updated its corporate website. To visit the updated
website, please go to www.srgroupplc.com.

For further information contact:

Security Research Group Plc 020 7881 0800

Jonathan Mervis, Chairman

John Warwick, Finance Director

Northland Capital Partners - Nominated Adviser & 020 7796 8800
Broker

Luke Cairns/Gavin Burnell

[sammy_smith] 06/7/2012 14:10

Found this audio interview with Jonathan Mervis the Chairman at PSG Solutions.

Its an interesting listen, well worth a click:

[fido] 06/7/2012 11:55

£2.00 the st buyback and £2.25 the 2nd.
What price the next I wonder.

[fido] 06/7/2012 07:03

Not only is there a growing need for Audiotels services around the world but also a need to keep up with the very latest technology.
I fully expect MORE orders.

[stegrego] 06/7/2012 06:27

So more than 50 percent cash, pe of 5. Not sure how much cash is actually theirs though and how much is prepayments.

Much of the MOD order will be in this year too so figures assumed to be good.
It's whether they can get more orders from others that is the key going forward, as they might revert back to old turnover rates. If orders drop off then they have a factory and employees to lay off.

Difficult one to call, but massive potential.

I note they currently awaiting the nod from MOD to sell device to others. That would be a key announcement.

[fido] 11/4/2012 09:25

Well at least we now know why the director did not sell any of his option shares.

[balcony] 11/4/2012 06:37

More good news for shareholders,I missed this all the way up,Tempted to buy at open

[sandbank] 19/3/2012 13:26

Finally the penny has dropped in the market. Up substantially today - big spread though.

I was also surprised no one has posted on here last month's note on PSG in Growth Company Investor: -

"Growth Company investor 16/02/2012 Miles Nolan
Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email
Well below the radar for many investors, shares in mini-conglomerate PSG Solutions (PSG) soared five times in value last year – but they still look cheap.

The AIM-listed company owns three businesses: residential property surveys arm PSG, packaging specialist Moore & Buckle and surveillance expert Audiotel. Driven by the efforts of the management team over the past couple of years, PSG is now in rude health, as recent results testify.

In the six months to September, it achieved a pre-tax profit of £3.86m (2010: £315,000 loss) as sales soared fivefold to £20.8m. Net cash also stood at a chunky £16.3m – not bad when compared with its current market value of £26.1m, but to be fair a large proportion is set against the delivery of a major contract.

This significant piece of business relates to the Audiotel operation, which last year secured a contract worth £48.7m with a government department. As a result, it kitted out new premises and installed dedicated production lines, as well as taking on a team of 170 employees. Completion of the contract is set for October this year.

Thanks to its already cash-rich balance sheet, last year it returned £3m to shareholders via a tender offer at 200p a share, and it has already signalled its intention of rewarding investors with a further payout. Recently appointed broker Northland Capital is yet to issue a research note, but at current levels the valuation looks anomalous. Buy.

[fido] 02/3/2012 09:05

Its normal for a director to sell a few shares when they exercise an option if only for tax purposes but I notice that in this case the director is not even selling so much as a single share. I view that as being very positive with regard this companies future performance.

[tomoslewis] 07/12/2011 18:32

All quiet on the thread!

[tomoslewis] 23/11/2011 12:34

It is difficult to tell exactly what real margins are being acheived on the £48m contract. I would anticipate that at this stage, with only circa 25% of the contrect fulfilled at september, the recognised profit is conservative and that there is more margin as milestones are acheived. I am looking for full year eps of circa 28p which makes the current share price look rediculously cheap.

[fido] 23/11/2011 11:21

As a PS, it is unlikely that this production line and team would have been set up for just this order. As the company hint at, there must be more orders in the pipeline.
Looking forward to the next tender price offer before June 2012.

[fido] 23/11/2011 09:59

"there appear to be a variety of future opportunities for the Group"

That`s what investing is all about. Getting in before the crowd.
Good to see there is going to be more buy backs which will drive the price, as if that were needed with such great potential.

[tomoslewis] 23/11/2011 08:50

In addition to the spectacular performance of the survelance division, its good to see that property information services is back into profit and winning market share. All looking good.

[tomoslewis] 23/11/2011 08:45

So the interims are out early. Eps of 11.08p at the interim stage looks very good to me, with much more to come in the second half. The results and the implications for full year results dont seem to have registered with the markest yet. It wont take long though

[andrbea] 23/11/2011 07:34

looks like strong stuff to me.............



PSG Solutions plc

("PSG" or the "Group")

Interim results for the 6 months ended 30 September 2011

PSG Solutions plc (AIM: PGS) comprises Specialist Electronics consisting of
Audiotel International Limited and its subsidiary Security Research Limited,
Property Information Services Businesses ('PSG') and Moore & Buckle (Flexible
Packaging) Limited (`M&B').

The major contract award by a government agency to Security Research Limited,
announced during the current period totalling £48.7million, marks a seismic
shift in the size, shape and prospects of the Group. The turnover and profit in
respect of Specialist Electronics substantially exceeds the turnover and profit
previously achieved by any business in the Group in a six month period

Prospects for the Group are highly positive and will be further reinforced on
the successful completion of the major Specialist Electronics contract. Prima
facie there appear to be a variety of future opportunities for the Group which
will be carefully considered.

/....

[wotreally] 23/11/2011 07:22

RNS

Buy Buy Buy

[fido] 22/11/2011 18:08

TomosLewis,

Taken from their final results in July;

"A Technical Counter Surveillance Measure product has been in the course of
development for a new major Asian customer"

Big customers normally mean the rest are forced to follow just to keep up.

Results last year were on the 30th November.

Regards.

[tomoslewis] 22/11/2011 17:29

Fido. It looks as if current shareholders agree with you, I certainly do. Its reasuring to see that the share price is still holding its own in these troubled markest. But not long to wait before results, should be round the end of November based on last year.

[fido] 11/11/2011 20:12

TomosLewis,
For security to be effective, you have to be up with the best.
The quality of the last client will mean that others will follow.

[tomoslewis] 11/11/2011 17:50

Fido, I think it gives confidence, it only takes a few small trades to move the price though. I am waiting for confirmation of the effect of the recent massive contract and info on the order pipeline. If the margin on the recent contract is anything like they acheived in the security business last year, I will be very happy. Other people must have done the sums too, so I expect the share price to keep on moving in the right direction.

[fido] 11/11/2011 14:17

TomosLewis,
The share price is telling us to expect good news.

[tomoslewis] 10/11/2011 18:38

That's what I am hopeing too, but given the nature of the market for security equipment I dont expect the company is in a position to give out much information until required to do so.