PSV Holdings Limited. JSE: PSV

PSV shares

Background of PSV

  • PSV Holdings is an industrial engineering company focused on the provision of steel, stainless steel, engineering linings, industrial supplies, specialised control valves, storage tankers and cryogenic equipment for sale to a wide range of industries. The group also provides technology to the mining, healthcare, water, waste water management, manufacturing and infrastructure sectors of South Africa and other African countries.

  • Trading businesses are split into the business segments Industrial Supplies (encompassing steel, industrial tools, piping, consumable supplies and a parts dealership in Botswana) and Specialised Services (cryogenic and gas systems and geosynthetic linings). The group’s history stems back to 1988 when PSV Services was established with just three staff members.

  • Today, PSV Holdings shares are listed on the AltX of the Johannesburg Stock Exchange with a market cap of R85 million. The live online stocks chart shows that PSV share price has been heavily weighed down by the challenges within South Africa’s industrial sector.

PSV Shares Growth Driver

  • PSV’s operational performance has suffered heavily as a result of poor market conditions outside the group’s control, being particularly affected by a reduction in mining activity and reduced capital expenditure spend in the gas and chemical industries. This prompted the sale and closure of under performing businesses and extensive restructuring in the 2016 financial year. The group suffered a R40 million loss for the year as a result of discontinued operations, impairments and trading losses.

  • In the Industrial Supplies segment Turbo Zambia and Turbo DRC were both sold, and Turbo Botswana (which managed a small operating profit after being restructured) now remains the only operation outside of South Africa. Mining and industrial consumables supplier Omnirapid, which supplies products locally and has an export arm reaching Zimbabwe, Zambia, Ghana and Mali) enjoyed good profitability and cash flow, despite a major client in the DRC suspending mining operations for 18 months.

  • In the Specialised Services segment, African Cryogenics was impacted by an increase in unprotected imports due to the ailing rand, but imports have since been stemmed, with increased interest from gas companies forecast for the near future. Meanwhile, Engineered Linings emerged from restructuring with restored profitability and customer relations, along with a strong order book. With a better outlook for the group, PSV Holdings share price has turned a corner and risen up the stocks chart.

PSV Group Investor Tip

  • PSV Holdings share price slumped to a record low of below 14 cents at the beginning of 2015, with investors refusing to buy the shares. But the shares have since staged a slight recovery to 32 cents by October 2016, reflecting the benefits of the group’s more streamlined structure. The outlook for industrial activity in South Africa remains muted, but economic recovery should start to make PSV Holdings shares a possibly profitable buy for investors.

PSV Major Shareholders

Windfall 28 Investments, A J D da Silva and Gutta Nussar.

  • Sector

    Industrials

  • Industry

    Industrial Services

  • Sub industry

    Industrial Distribution & Retail

How to buy PSV Group Shares

  • PSV : How to buy PSV Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy PSV Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in PSV Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase PSV Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in PSV Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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