Psion Share Discussion Threads

[sat69] 31/10/2011 21:43

A probable IMS this Thursday. Following on from the last rns, I'm expecting a very upbeat statement which should finally result in a major upward move. Last chance to get in at these levels.

[sat69] 27/10/2011 00:55

I'm expecting another rns as I feel one of the big boys has been adding ahead of the IMS which will probably take place next week.

[sat69] 12/10/2011 16:51

Thanks Hugh.

[amchugh] 12/10/2011 16:24

Edison research note:

[sat69] 11/10/2011 19:25

Very reassuring Hugh. Do you have a link for that please?

[amchugh] 11/10/2011 18:17

How about this paragraph taken from edison research "could become the most meaningful agreement the company has signed since its recent (post Symbian) history"

US framework agreement provides verification of the strategy
In particular, the framework agreement with a 'major industrial partner' in the US suggests that all three strands of the open source mobility programme (modular products, CDMA capability and investment in the indirect channel) are now translating into meaningful engagements. Under the agreement, the partner will sell the company's (modular) Omni and EP products under their own brand. The partner's strong position in the Defence and Government markets, especially in the US, provides Psion with a channel into verticals in which the company is significantly under represented. An initial order of 1,000 EP10s (worth $1m) has been received and follow-on orders are expected. Management estimates that this could become the most meaningful agreement the company has signed since its recent (post Symbian) history.

[sat69] 11/10/2011 17:46

Yes Hugh. 13% is a sizeable chunk. As the share price is rising they may still be adding.

The final paragraph of the Aug results statement from the CEO is what is attracting me to this company.

Psion continues to make good progress in terms of accessing new routes to key markets and also with on time product launches. In the second half the Company is focused on driving sales of new products, notably the EP10 PDA device and Omnii platform products based on our modular strategy whilst tightly controlling costs. Further product launches are planned this year and next year, continuing a growing shift to revenues derived from new products.

From a geographic perspective the Board believes that the Group is well positioned to gain traction in the important US market place having recently entered into agreements with new large scale partners such as Verizon Wireless and an OEM agreement with a major industrial partner for the first time. The Board believes that recent traction with new products positions the Company well for the second half and beyond.

John Conoley, Psion Chief Executive Officer, said:

"We had a disappointing first half from a financial perspective, however we put in place the building blocks for a successful second half. The launch in the first half of our EP10 product into the fast growing rugged PDA segment of the rugged handheld market place is a significant step for the Company as evidenced by the strong initial orders for the device in Europe. The US roaming variant launched at the same time is now completing initial carrier certification for imminent shipment. This allows us now to access the large and strategically important US market place for these products that we have not previously addressed. We believe that this positions the Group well to deliver profitable growth in the second half."

[amchugh] 11/10/2011 17:41

Looks like Sterling Strategic Value Limited have increased there holding's to around 13%. They must have faith in Psion.

[sat69] 11/10/2011 15:20

Lucky I bought another 20k this morning!

[jaws6] 27/9/2011 09:43

Any buy note out this morning on news ?

[amchugh] 25/9/2011 13:25

Mobile Expert Podcast Series: PSION's CEO John Conoley

[sat69] 23/9/2011 23:24

Nice rise today in exceptionally high volume. The reversal looks to be in place. An rns on Monday?

[sat69] 12/9/2011 21:46

Yes She-ra. It did hit 35p in early 2009, and then bounced to 120p in the same year, so it's only a matter of time before the true value is recognised.

I take it you're not holding then.

[she-ra] 12/9/2011 21:24

Didnt it go down to 30p when it had about 29.5p in cash?

Its got less cash now so lets hope it doesnt do anything like that again.

[sat69] 12/9/2011 21:18

At least you did well to sell at 101p! Maybe you could buy that 12k back at almost half the price tomorrow. Good luck

[rathkum] 12/9/2011 20:51

Only 13k @84p so a hefty loss. Had 25k but sold 12K at 101p way back. This must be close to a bottom I believe. Goes down any further and this will be taken out.

[sat69] 12/9/2011 18:48

I always like to see the last results statements for reassurance. I still believe we will see a quick reversal in the short term.

Psion continues to make good progress in terms of accessing new routes to key markets and also with on time product launches. In the second half the Company is focused on driving sales of new products, notably the EP10 PDA device and Omnii platform products based on our modular strategy whilst tightly controlling costs. Further product launches are planned this year and next year, continuing a growing shift to revenues derived from new products.

From a geographic perspective the Board believes that the Group is well positioned to gain traction in the important US market place having recently entered into agreements with new large scale partners such as Verizon Wireless and an OEM agreement with a major industrial partner for the first time. The Board believes that recent traction with new products positions the Company well for the second half and beyond.

John Conoley, Psion Chief Executive Officer, said:

"We had a disappointing first half from a financial perspective, however we put in place the building blocks for a successful second half. The launch in the first half of our EP10 product into the fast growing rugged PDA segment of the rugged handheld market place is a significant step for the Company as evidenced by the strong initial orders for the device in Europe. The US roaming variant launched at the same time is now completing initial carrier certification for imminent shipment. This allows us now to access the large and strategically important US market place for these products that we have not previously addressed. We believe that this positions the Group well to deliver profitable growth in the second half."

[sat69] 12/9/2011 18:13

I already have 40k Rat. How many you holding? My next purchase will be at 50p but I hope we never get there!

[rathkum] 12/9/2011 17:45

I'll get some more of these tomorrow.

[sat69] 12/9/2011 16:41

'Frustrating' has to be an understatement.

[rathkum] 07/9/2011 10:26

Doesn't inspire confidence when the directors themselves are not dipping into their pockets at these low levels.

[sat69] 26/8/2011 18:48

I added another 20k today. Will look at topping up again next week on further weakness but it does look to me that we have reached the bottom.

[amchugh] 23/8/2011 13:09

Thanks wessie for the research , maybe they know something we don't. Hope Psion get more of ther Modular Products out soon like Omnii™ XT10:

[wessie] 23/8/2011 12:40

Information about them is a bit scant:

[wessie] 23/8/2011 11:56

Just look at the RNS issued today:

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction

Number Number Number Number of voting % of voting rights
if possible of of of shares rights x
using Shares Voting
the ISIN Rights Direct Direct xi Indirect Direct Indirect
CODE xii

Ordinary
Shares
16,311,484 16,311,484 17,311,484 17,311,484 12.29%
ISIN:
GB00B0D5VH57