Another Jacko
06 Dec 2017
Undervalued This share is massively undervalued on a sum of the parts basis. The board should sell all of the constituent businesses off and return the proceeds to shareholders. It's never going to make a meaningful profit with £500k of central costs.
Another Jacko
30 Jul 2017
Bought in I bought a very small stake here as I feel on a sum of the parts basis this company is worth twice the current price or more. The downside is that it's really too small to be listed and the board ought to sell up and return the proceeds to shareholders but whether they will or not is anybody's guess.
the wise owl
24 Mar 2017
Re: Ben Graham ,where are you? They used all the money on acquisitions including performance work outs.Brexit, increasing input costs, difficulty in securing new contracts, bad debts, reduction in sales dropped straight through to lower profits.Good demand for the shares (capital raising) whilst paying divided, but now doubts over that if no sustainable increase in profits . Next results crucial, if good and dividend maintained, then could see sharp upward rerate.See previous RNSs.
Welsheagle
20 Mar 2017
Re: Ben Graham ,where are you? The wise owl,Why is the price falling with such good fundamentals.
Simbr
17 Jun 2016
disappointing trading update "A disappointing trading update coming ahead of the Group's full year results. It's largely down to one specific item, with subsidiary, ALS, failing to secure a replacement contract necessary to fill the gap of an ending large-value asbestos- related one with a leading university. The net result is to create an £600,000 impairment charge to be written off against the Group's net assets. Having said this, post the period, the Group confirmed revenues and EBITDA so far in FY2017 remain ahead of the comparative figures for last year, with positive cash flow. Its cash balance has also been maintained at c.£0.25m during June 2016, along with undrawn loan facility of £0.2m. PHSC appointed new non-executive director ('NED') in April 2016 and reaffirmed its commitment towards its progressive dividend policy. Subject to the AGM, the Board expect to declare a dividend payment in line with previous year at 1.5p per share. The acquisition of SG Systems and Camerascan CCTV in December 2015 has enhanced its pipeline of opportunities, while also strengthening its presence in the retail security tagging and other sector-related areas. We believe this will create further business momentum and synergies for the Group as the acquisition becomes fully integrated."Beaufort's view this morning, taken from research tree
the wise owl
27 Mar 2015
Ben Graham ,where are you? At the nine mths stage optimistic comments.Cash £353,000 from £153,000 after paying final amounts for acquisitions.This company generates strong positive cash flow and I would anticipate another £200,000 by the year end.Remember there was approx £900,000 on the balance sheet before the two acquisitions and the management were paying special dividends (1p) to get rid of it !!Net assets could rise to £7mi , 55p /share.To buy currently 30pYield 5% Could be 50% higher (only cost another £ 64000)Prospective p/e 6.6peg 1Cash approx 4p/share,adjusted p/e 5.75IS THERE ANYBODY OUT THERE ??
