Market's view on PHSC
Published on April 2024
- There is confusion around a recent share buyback announcement, with discrepancies noted between the declared and actual number of shares bought, and the financial figures not aligning with the previously authorised amount.
- The buyback programme is mentioned as having restarted with positive sentiments regarding the company’s cash flow situation despite increased costs.
- The company’s security division, previously a drag on profits, is reported to have turned a corner, boosting the overall financial health.
- Dividend payments have been notably increased, with interim dividends up by 50% and the final dividend from the previous year increased by 100%.
- Recent positive adjustments in the company include an increase in dividend payments, continued small buybacks when extra cash is available, and strong involvement from two directors who hold significant stakes.
- There are speculations about the company potentially acquiring extra work from schools relating to RAAC.
- There is a mention of the company having limited its buyback price to a maximum of 5% over the mid-market price from the past five trading days.
- Opinions are divided on the current share pricing strategy and buyback execution, with some watchers feeling it might be set too high.