Psource Share Discussion Threads

[dodddy] 21/8/2002 09:54

HSBC has been trying to give these some support. but there r no institutional buyers for the stock let alone retail buyers. the old adage is u cant buck the mkt.severly overvalued and destined to drop like a stone

[cat] 21/8/2002 00:22

Sharscope now shows these forecast to make just 4.5p this year, putting them on a forward pe of 55!
Also:MSB comments that "the board had previously anticipated a market upturn in the third quarter ....however it does not now expect that this will be the case and the continuing trends affecting the entire market remain".

[demark] 16/8/2002 23:14

Michael Page Int reports on monday. There results will be pretty bad, and I think that's why PSD is down.
dyor

[fastbuck] 16/8/2002 13:35

Good reporting Cat. PSD is falling so fast on little turnover, the MMs just don't want to hold the stock - I can understand why - there is just no support.

See RWA also down heavily today.

[dodddy] 16/8/2002 11:41

this has 60p written all over it no one wants the stock

[cat] 16/8/2002 11:12

today's Holway hotnews - more bad sentiment from the ITSA sector. (PSD, SRG, WHT, CSV,DIA )

09:05
SBS Group has announced the resignation of Steve Simmonds, Group Finance Director, from the Board with immediate effect "to take up an opportunity outside the Group".

13:30 *Updated*
Alexander Mann Group (AMG), a top 20 supplier of IT staff to the UK, has announced the departure of CEO James Caan. The company was founded by Caan in 1985, as a middle management executive search business, and attracted £25m investment from Advent International in May 99. AMG has since turned its focus to recruitment outsourcing in the IT and financial services sectors. The statement says that AMG is in the process of identifying a new Chief Exec, and in the meantime Chris Ross-Roberts (Group FD) will takeover as acting CEO. No other management changes are expected.

Comment: We don't read anything ominous into this announcement as Caan has been around a long time and we're sure he can find less stressful things to do with his time than run an ITSA in today's market. We spoke to FD/Acting CEO Chris Ross-Roberts and he confirms what we're hearing from all other ITSAs that it's a horrible year, especially in permanent recruitment. He reckons Alexander Mann will show turnover up this year but of course margins will be down - but at least they say they are trading profitably. They have strong line in 'outsourcing' with rather a different business model than most other ITSAs and that seems to be keeping them well afloat. Anyway, it may be up to six months before they have new permanent head - meanwhile the operational MDs will continue to take care of day-to-day business.

[cat] 16/8/2002 10:31

weaker today again.

[fastbuck] 15/8/2002 13:44

Agreed Cat - no brainer, wrong company in the wrong business for this stage of the recession at this price. A double-dip in the economy and this will hit your targets later this year.

I'd be interested to hear from anyone who had any differing views. Someone much own the shares.

[cat] 15/8/2002 10:23

sliding again.

[cat] 14/8/2002 20:40

fb - its gonna be less than £2. Check out that rating, this could get below a quid, easy - and if they warn, which is likely given this market, then sub 50p like Harvy Nash.
HVN made more than PSD in 2001, in the same business, and look where it is today - 30p
A no-brainer to short on a spread bet and wait.....

[fastbuck] 13/8/2002 13:53

At last it has started moving after three sells this morning, down 2.5p ... the spread is a killer but still believe there is 50% profit to be made for a shorter here.

Looking for £2 by the next results.

[fastbuck] 09/8/2002 13:28

It is very quiet, no volume, but when an institution decides to sell or when the company gives a trading update it will tank big time. Sitting pretty on a P/E of 30 is not where you want to be when the market is in a slump and your competitors are warning.

[cat] 08/8/2002 00:57

gonna collapse

[cat] 07/8/2002 13:04

'ere we go - parachutes everyone.
PSD dervies most of its revenues from IT staffing.
This market is hopeless with some IT contractors moving abroad to look for work.
Joining MSB, HVN,DIA,SRG and WHT on the slide.

[bowler] 29/9/2000 23:29

I bought PSD in Oct. 1998 - 249p!! and am well pleased. Sold part of the holding 02/00 to re-coup my original stake, plus £1k profit. My present share holding is for FREE. Wish I had 10 more similar shares. B

[nlm1] 29/9/2000 14:04

glad to see that someone shares my enthusiasm for them. bit pricy at present but definate buy on weakness. big growth plans, and they will exploit the growing trend to outsource recruitment. the industry is still immature and a bit like advertising 30 years ago. prediction is that 5-10 big recruitment companies will dominate the world market in years to come

trojan

ps. i work for PSD

[jayno] 12/9/2000 20:59

Well, I have to say I am very disappointed that the market took such little interest in PSD's excellent results today. I would like to say that it is something to do with market conditions, but I don't think it is. There is no news on PSD, no debate anywhere, and almost no trading. I have absolutely no idea why, because they are going from strength to strength with what looks to me to be wise business strategy and management.

I think the sensible advice is to stay with them (ie hold), but personally I was financially extended on a large T trade so after waiting as long as I could I have had to sell to secure at least some profit on the gain in price.

PSD will now stay in my "watching" portfolio, and I will come back in when the market recognises their worth and something starts to happen.

Jayno

[jayno] 12/9/2000 08:01

PSD post brilliant set of results as I predicted (see RNS). Price up 3.5% already.

Jayno

[jayno] 11/9/2000 14:01

I'm obviously going to be accused of ramping this share as no one else seems interested. However, the lack of interest offers an opportunity to get in at a lowish price I feel. The directors of PSD are meeting this afternoon to agree a press statement for issue with their results tomorrow. I can tell you these results will be very good.

I have just bought a whole chunk more.

Jayno
Enjoy your own decisions

[jayno] 01/9/2000 20:31

Another good day (albeit for nearly everything!) so now 1040/1070

Only going one way now to the results date

Jayno

[jayno] 31/8/2000 22:00

Well, it's a month since I offered PSD as my first tip on ADVFN, suggesting people get in before the September 12th interims.

It was 970/995 then, but dropped back to 930/955 and stayed more or less still for 2/3 weeks until last night and this morning when it started to move (even without trades!). PSD closed tonight at 1000/1045 and will continue upwards tomorrow I feel sure.

The results will be good

You heard it here

Jayno

[briar] 30/7/2000 00:56

Re PSD Group (promising)

In the dim & distant, I was a recruitment consultant and can testify as to how profitable it can be. Not only are GPs very high but there is little need for working capital.

I bought PSD in March - it is a magnificent company! To illustrate my confidence I included it in my 99/00 ISA.

[jayno] 28/7/2000 10:49

No one commented on this when I tipped it at the end of my "thankyou" post (re Premium BB Is it Worth it?), so I thought I should start a thread on it in case someone else is interested:

quote -
"Anyway, I'd better justify my (new) presence with an investment tip: I suggest you look at PSD Group before their Autumn interims. A service product with strong demand, cash rich company, currently hiring staff, expanding carefully but very effectively into strategic European locations. Should be all good news.

But please enjoy your own decisions"

Jayno