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Thank you I wasn't being lazy asking you to have a look, I do research companies before buying but it's obvious to me your reading of a company's fundamentals are greater than mine. Whatever fully loaded over there at somewhere near the bottom. I'm in a fortunate position that I still have funds earmarked for another PHTM buy but that would appear to be complicated by going ex divi this week. I can't see this falling of a cliff from these levels post ex divi date but who knows.Decisions,decisions. D.
Fundamentals of Redde look ok and it has little to no debt with a good yield. It is on AIM though so vulnerable to high levels of manipulation. I note Woodford is invested in it. The accident claims sector is a bit controversial though and vulnerable to changes in the law and compensation limits etc. as we saw recently with Ogden which ultimately put me off.
Hi Mulder I note you post on several BB's of stock that I am currently invested in. It would seem that you like me and many others on these boards gravitate towards good well run companies with reasonable fundamentals that for no majorly apparent reason would appear to be " signifantly undervalued " I was wondering if you have Redde (redd) on your watch list. It's obviously only my opinion but I feel this company falls into the above category. I would be interested in your opinion. D.
So I think we all agree that much manipulation does go on and despite the FCA the market is very much 'UNregulated'! Yet some still deny this. It does seem to go on far more with the smaller shares - AIM and FTSE small caps. I have had a similar experience with Card Factory recently with wild swings in the SP on no volume and for no reason. In terms of shorting views vary but I believe it has got out of hand. They have too much power and control over the SP creating artificial SP's and suppressing it even when good news is released. Carillion is a great case in point also.
I have seen the same pattern of trades with XSG twice in the last year or so, followed both times by an RNS saying that Woodford had increased his stake, and subsequently by a recovery in the share price. It's an unfortunate fact that institutions have the power to manipulate prices lower in order to increase their stakes to the maximum to the detriment of small shareholders. The sp of PHTM is being pushed around at the moment but should ultimately reflect the true value of the company.
Regarding all those small AT trades; I have seen exactly the same thing happening not so long ago with another holding I have GBG. Like PHTM, I could see no reason what so ever, looking at trading statements and the fundamentals for their fall in the share price. In time their share price recovered from their low of around 220p (after Trumpty Dumpty won the US election (with or without the Ruskies help)). I would have liked to have seen a trading update earlier in the year, but I believe we just have to be patient and read back the previous trading update from early December when John Lewis, non executive stated the following: "The Group's performance for the first half was ahead of the Board expectations and the Board therefore now expects the Group's profits will significantly exceed current market expectations for the financial period ending 30 April 2017. The Board continues to be optimistic about the Group's future prospects." Sometimes/often the best performing shares (over the longer run) tend to be the more boring companies - and PHTM isn't one we can jump and down with and punch the air with glee. Then again, I haven't lost much if any sleep over it to date. Having said the above, I keep my options open and don't wed myself to any company and their share price. Good luck all Regards CM
It is rare to have a company like this where there is no debt and cash of >£60M The business is profitable and defensive. A special dividend is highly probable IMO.
Yes I saw Old Mutual are shorting this but it is still small and <1% I believe. Compared to some shares e.g. Carillion at 20% + this level is small. The next support level is around 150p.
Apologies for my last post sir I let my frustration with this share spill out. D.
PHTM is being shorted by OLD MUTUAL GLOBAL INVESTORS (UK) LTD and any others below the disclosure level. http://shorttracker.co.uk/company/GB0008481250/all Shorting and price manipulation go together. Recent multiple AT share trades of small amounts have been forcing the price down.
Yes disappointing and perplexing fall towards the close here. I make the P/E currently to be only 13.5 based on the half year report & full year EPS of 11.6p which for a growth share is very low. There is NO DEBT and net cash of £68M Summary of the positives from the half year report to 31/10/16 - worth a reminder. · First half results ahead of the Board's expectations · Revenue growth of 19.2% (up 4.0% at constant currency), driven primarily by the rollout of our laundry product, Revolution · Pre-tax profits increased by 20.2% to £31.0m; (up 4.3% at constant currency) · Net cash position remains very strong at £68.0m, £5.6m higher than at 30 April 2016, after investments, including the acquisition of Asda's photo division, and substantially higher dividend payments · Interim dividend increased by 20%, in line with guidance Operational Highlights · Investments and new products reinforcing growth momentum · Acquisition of the UK photo division of Asda Stores Limited completed · Investment in technology upgrades in French Photobooth estate following ANTS (Agence Nationale des Titres Sécurisés linked to the French Ministry of Transport) contract · Memorandum of Understanding agreed with Ministry of Foreign Affairs and Trade in the Republic of Ireland for photobooth secure online passport applications · New launderette shops producing good returns · Production of reduced footprint "Revolution 2" laundry units now underway and expected to accelerate laundry roll-out
Sorry Mulder but today's drop from already low share price is not something to be positive about, no matter what chart your looking at !!!!!!!!*! The dividend doesn't even cover today's losses. Been here so many times before You'd think we would learn. We're now stuck here for god knows how long. D.
today given the ex-dividend is just days away. Charts suggest quite a lot of support around 159p/160p
Hi Muller This encrypted photo ID technology thingy may be the new norm. for trivial things like passports, driving licences and official ID cards in the likes of Ireland, France and Japan but here in good old blighty it would appear that the Sunday Mail and a certain goverment department prefer our alleged system of encrypted photo ID technology or as they call it " A Selfie " I mean both systems have there advantages and inconveniencesee but it's just so much easier to incorporate donkey ears or a clowns make up with our system. Sorry Badger a wee bit bored this morning !!!!!!!! D.
3.09p/share
Photo-Me rolls out encrypted photo ID technology across Ireland Photo-Me is pleased to announce that it is today launching a rollout of the Company's encrypted photo ID technology across Ireland in partnership with the Irish Government. The launch will see Photo-Me's secure digital upload system rolled out to 150 photobooths, growing to 300 throughout Ireland by the end of 2017. Photo-Me Ireland (the Group's Irish subsidiary) is the first company licenced by the Department of Foreign Affairs & Trade to capture and transfer digital photos as part of the Irish Government's new online passport renewal system.
Hopefully you will get your trading update sooner rather than later :-)
Yes Tony you're correct he did buy a substantial amount of shares at the full market price over a couple of days in December. When I said he doesn't trade much I meant he doesn't buy and sell, I don't think he's sold a single share since 2005. It's refreshing when the BOD put their hands in their pockets and purchase shares just like the rest of us. D. Ps. I still want that bloody trade update !!!!!!!!!!!!!!!!!!!
Pretty sure they bought £7 million pounds worth at the full market price around 20th Dec
Hi Tony I don't think Serge does much trading. He currently owns 84.6 million shares. Like others on here I'm disappointed there's been no trading update, it is what it is. D.
When did the large director buys take place. Pretty sure they cannot trade within 3 months of price sensitive news. Must be pretty close now? Just a thought.......
Then that's the same as no update at all, as the annual financial year end is April 30th.
Results update is in May
Starting to feel uncomfortable with the longest delay in 5 years in releasing an RNS informing of the usual update at this time. 2016 and 2015 were released on 26/7th February 2014 on March 6th and 2013 on March 8th. March 17th tomorrow and still no sign of it. That worries me. Good news can't wait and leaks out. The SP has been uninspiring. Lucklustre even since the media scare awhile back and no urgency to release the usual trading update at this time of the year. If it comes out by Friday, fine. If still no sign going into the last week of March I will start to become highly suspicious.
3.09p; paid 11/5 Results update now on website also - May