Out of the ashes of Prescient came a bouncing listed company that has so far not attracted any publicity. The listing of PBT almost went unnoticed by investors and fund managers.
Normally a JSE launch is accompanied by a fanfare of information, but because the company had been listed in 2010, it is now again on its own in the public eye.
PBT’s financials have always been reported on a segmental basis as part of the Prescient annual report. The only thing that has changed is the name from Prescient of which this business was a significant part.
PBT Group will likely become an even bigger enterprise in the IT space.
PBT is a tech company with a difference.
It assists companies in creating business intelligence solutions from the vast amounts of data entrenched in corporations’ systems. The information derived from this is critical for CEO’s to make key management decisions.
From a security standpoint, the information always belongs to the client.
"One of the challenges facing this diverse and well-run company is the lack of appropriately trained consultants and specialists. To mitigate this, PBT is privileged to be widely considered as a company of choice and offers its specialist tech employees opportunities for growth", says CEO Pierre de Wet.
"PBT’S year end is 31 March and its financials will be available by the end of June. "The balance sheet will provide a clear picture at that date, whilst the income statement will still reflect the bulk of the Prescient business."
Pierre de Wet is not concerned about short-term market movements of PBT’s shares. He takes a longer view of PBT’s potential growth, and is quite comfortable about the share price trading at 22c. He is after all one of the co-founders and knows PBT inside out.
Jeremy Woods trained for three years as a journalist on the Herts Advertiser, St Albans, in the U.K. Once qualified, he left England to work as a crime reporter on the Vancouver Sun in Canada. After three years, he worked for the Los Angeles Times as a trainee financial journalist, spending most of his time reading company accounts and finding publishable stories in them. He moved to South Africa and for the last five years in journalism worked for the Sunday Times, Business Times, as Investment Editor. He has also published a financial thriller called "Special Payments", which was a best-seller on publication, and optioned three times for a film.