Interested in any feedback reference recent rise in PON share price, seems to doing nicely at moment.

Nice buy recommendation in yesterdays Independant, they are really cheap right now.
Peter
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Psion

Our view: Buy

Share price: 165.5p (-2.25p)

Psion's management must have felt a tinge of regret about selling its 31 per cent stake in Symbian to Nokia last year. Yesterday the software firm boasted that shipments of mobile handsets running on its operating system rose 73 per cent in the first three months of this year and predicted it would maintain this growth in the coming quarters.
There was little Psion could have done to prevent Nokia strong arming it into selling control of Symbian. The Finnish mobile phone giant was, and still is, Symbian's biggest client by far. Psion itself did well from its involvement with the venture, turning an investment of about 10m into 135m in just eight years.

Psion has returned the bulk of this cash to shareholders since selling out to Nokia. Although it looked at using it for a major acquisition, management passed on a number of substantial opportunities in the US after it found that the valuations vendors were asking for were too rich.

Now the group is firmly focused on developing its Teklogix operation. The business makes handheld computers for workers on the move. It recently won a deal with SNCF, the French railway company, to provide it with handheld ticket machines.

The unit is known to be enjoying strong sales growth but key to getting profits roaring will be if it manages to get its costs down. This it plans to do by outsourcing production to a low-cost country. In the meantime, Teklogix is benefiting from the weak dollar as a big chunk of its costs are denominated in the US currency, while most of its revenues come from the UK and continental Europe.

Psion reported a pre-tax profit of 11m last year. This is forecast to rise to 15.8m this year. Its stock trades at 15 times forward earnings once the 33p a share of cash it still has on its balance sheet is stripped out. This is not expensive. Buy.

Tech stock Psion PON technically looks like it could be on for a rally.

Could have got my double bottom a little more accurate on the chart.

First SP target 95p resistance.

Hoping for a blue day here.

Looking bad.

Psion is out of sync with new technology.

ITS OFF THE BOTTOM.

Full year results to 31 December 2011, which is scheduled for Thursday 1 March 2012.

57/57.5p

60/62p

63.75/64p EX DIV 11 APRIL.

PON has been delisted