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PTX Protonex Regs

23.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Protonex Regs LSE:PTX London Ordinary Share USD0.005 (REG S)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 23.00 GBX

Protonex Technology (PTX) Latest News

Real-Time news about Protonex Regs (London Stock Exchange): 0 recent articles

Protonex Technology (PTX) Discussions and Chat

Protonex Technology Forums and Chat

Date Time Title Posts
11/3/201318:49Protonex Technology29

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Protonex Technology (PTX) Top Chat Posts

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Posted at 16/6/2010 11:39 by the_doctor
as expected, price knocked by sellers
Posted at 12/1/2009 15:10 by jonwig
Thanks Andy.

PTX should survive, thanks to US Defense contracts involving grants and possibly sales.
Not many fuel cell companies can boast that.
Posted at 11/8/2008 16:20 by jonwig
Yup - the US military might just be good for business, judging by current developments.

This, of course, is where PTX is getting most of its revenue and contracts.
Posted at 29/4/2008 09:16 by jonwig
Newsflow suggests a large part of their development program is funded by US government/military. Also pretty reasonable cash position anyway.

Quite a few Edison Research notes (sponsored by the company):



Bought a very few at mid-price this morning, though I don't expect an imminent re-rating back to the 100p area.
Posted at 18/2/2008 08:54 by jonwig
I think this could be one of the better FC stocks which are London-quoted. My 'fav', IdaTech [IDA] is short of cash - results due 19/03, so we'll see and decide then whether to buy.

A problem which could be significant: there are two classes of share, PTX which is not CREST-settled, and PTXU, which is settled under CREST.
A UK broker may not allow dealing in PTX, and the trouble here is the quote ...

PTX: 68 - 73
PTXU:85 - 90

If I decide to buy, it will have to be PTX - will report back.
Posted at 07/2/2008 09:23 by jonwig
Hi, Doctor.

There are 11 UK-listed fuel cell companies, and I came across this article as IdaTech is one I'm potentially keen to buy into.

I'll have a closer look at PTX now, though and report back on what I think (with all the 'DYOR' caveats, naturally!).
Posted at 07/2/2008 09:16 by the_doctor
Thanks jonwig
"most resilient". "95p"
It has hardly been resilient and I guess they must have a target price of 95p, since its nearer 70p?

I dont know the slightest thing about the co. but keep an eye on it for a relative
Posted at 07/2/2008 09:03 by jonwig
IC Article ...

Fuel cell fervour goes flat
Created:
6 February 2008
Written by:
Graeme Davies

In tough markets, the riskiest sectors get trampled the hardest as investors run for safer ground, which has been bad news for many of Aim's fuel cell companies. However, it now appears that even decent newsflow is not enough to tempt investors back.

The irony is that the investment case for the sector is stronger than ever in terms of the continued high oil price and progress some companies are making towards commercialisation. Analyst Andrew Shepherd-Barron of KBC Peel Hunt believes that some credit is being given to companies that are making tangible progress, although he points out that companies are not helping themselves by pushing time lines back: "While the market is looking for commercial traction, it is actually giving benefit where it is due."

However, some analysts are in a less forgiving mood. For instance, Citigroup's Nick Williamson slapped a sell rating on ITM Power following its interim results, criticising a 'scatter-gun approach', and sending its shares down 20 per cent to a two-and-a-half-year low.

And even when the newsflow is positive, it is falling on deaf ears. For instance, last month Ceres Power announced a strengthening of its relationship with Centrica, including a £20m investment in the company at 300p a share and a commitment to purchase 37,500 fuel cell-powered combined heat and power units over the next four years. But this hasn't helped the shares, which have fallen to 258p, down 18 per cent in three months.

It's a similar story at rival Ceramic Fuel Cells, which in the past week has announced co-operation agreements with two fuel cell component makers in Germany on top of last month's collaboration deal to access the Japanese market. Shares in the company are down 40 per cent in the past quarter. Progress at other fuel cell technology businesses has also been rewarded with market falls. Shares in Acta, which recently sold its first disposable fuel, have halved in the past 12 months.

The most resilient fuel cell stocks have been Protonex and Idatech, not surprising since they are closest to commercial production. Idatech sold 22 back-up power fuel cell units in 2007 and has since announced further commercial orders. Protonex expects a commercial product later this year.

IC VIEW

Even on a long-term view, the outlook is too uncertain for most fuel cell companies. Protonex has a healthy cash pile and a good product range, and rates speculative good value at 95p. The rest of the sector is fairly priced.
Protonex Technology share price data is direct from the London Stock Exchange

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