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Government officials calling people to work from their work places as not all working from home can be done properly.
For this health and safety company PHSC will have a huge potential to accelerate their business growth.
Already nav is at 34p as per rns
On the final result rns if you scroll down then you’ll come to this paragraph
Net asset value
As at 31 March 2020, the Group’s consolidated net assets stood at £4.98m (2019: £5.14m). There were 14,677,257 ordinary shares in issue at that date which equates to a net asset value per share of 34p.
As we have previously stated, the Company’s ordinary shares continue to trade at a substantial discount to the net asset value. We recognise that there is a value of goodwill on the balance sheet and we review this each year to ensure that the value is fairly stated. In each of the past two years, the board has taken the decision to reduce the carrying value of our security division by £200,000, and we have done the same thing in 2019-20 in line with good accounting practice. The write-down represents a reduction of approximately 4% in the consolidated net assets of the Group. The board remains satisfied that all other goodwill valuations can presently be justified.
Thu, 20th Aug 2020 07:00
PHSC Plc - Final Results
PHSC Plc - Final Results
PR Newswire
London, August 19
PHSC plc(the “Company” or the “Group”)
Final Results for the year ended 31 March 2020 and Notice of Annual General Meeting
Financial Highlights
• EBITDA of £0.255m, an increase of approximately 120% from £0.116m last year (after adjustment for exceptional gain on property sale of £0.166m last year)
• Statutory loss after tax of £0.015m compared with a profit of £0.001m last year (which included gain on property sale of £0.166m last year)
• Group revenue of £4.438m compared with £5.215m last year
• Cash reserves of £0.756m at year end compared to £0.642m last year
• Write-down of £0.200m due to impaired goodwill, the same as last year
• Group net assets at £4.978m after goodwill impairment compared to £5.140m last year
• Loss per share of 0.11p compared to a profit per share of 0.005p last year
• Final dividend of 0.5p proposed, making a total of 1.0p for the year, matching the 1.0p paid last year