Stock data
| Market cap. | £77.4m |
| Last close | 55.00p |
| High / Low (52 weeks) | 93.5p / 41.0p |
| Stock market listing | LSE |
| Forecast net cash (£m) | 13.7 |
| Forecast gearing ratio (%) | N/A |
| Team | Technology |
| Sector | Electronics & Electrical Equipment |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (3.08) | 11.68 | (40.22) |
| Relative * | 1.68 | 20.85 | (34.3) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 174.5 | 10.7 | (1.9) | (0.9) | N/A | N/A |
| 2011A | 176.0 | 11.9 | (0.1) | (0.1) | N/A | N/A |
| 2012E | 180.4 | 15.3 | 2.9 | 1.6 | 34.4 | 43.1 |
| 2013E | 184.9 | 17.5 | 7.1 | 3.9 | 14.1 | 9.3 |
Last updated on 18/04/2012
Latest research
Weathering the storm
Update | Electronics & Electrical Equipment | 08/05/2012
In better shape
Update | Electronics & Electrical Equipment | 02/03/2012
Earnings stability
Update | Electronics & Electrical Equipment | 12/01/2012
Cutting the cloth
Update | Electronics & Electrical Equipment | 18/11/2011
Factoring in tougher times
Update | Electronics & Electrical Equipment | 07/10/2011
US opening up
Update | Electronics & Electrical Equipment | 12/08/2011
Legacy still hurting
Update | Electronics & Electrical Equipment | 05/07/2011
Waiting game
Flash note | Electronics & Electrical Equipment | 09/05/2011
Last piece of the jigsaw
Review | Electronics & Electrical Equipment | 16/03/2011
The long turnaround
Update | Electronics & Electrical Equipment | 26/01/2011
Foundations in place
Outlook | Electronics & Electrical Equipment | 22/11/2010
On the turn
Update | Electronics & Electrical Equipment | 13/08/2010
Investment summary
Psion’s IMS states that trading in Q1 has been broadly in line with expectations. Market conditions remain tough but there are signs that Psion is competing more effectively. Our estimates are unchanged, although as ever the Q4 trading period will be key to the full year result. With the increased scalability added to the model, a modicum of incremental growth should generate substantial earnings upside.
Last updated on 08/05/2012
Industry outlook
The market for rugged mobile computers is estimated to be worth $2.1bn, and VDC believes it is growing at 8-10% per year. Psion holds c 7% market share, but plans to expand this substantially. These plans revolve around the move towards a modular product architecture and leveraging a network of partners to drive product innovation.
Last updated on 23/04/2012
Key management
| John Hawkins, Chairman |
| John Conoley, CEO |
| Adrian Coleman, CFO |
Company address
| 48 Charlotte Street London W1T 2NS United Kingdom View website |
