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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plant Offshore | POGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.01 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.01 |
| Top Posts |
|---|
Posted at 10/11/2011 12:08 by bill182 For anyone still holding shares in POGL, I have been posting further information on the Interactive Investor bulletin board. Some positive info I think! |
Posted at 11/1/2010 09:41 by flyingswan Oilfield Service Companies Will Grow & BenefitJanuary 10, 2010 Summary Now is the time to consider investing in oilfield service companies. Analysis As the economy picks up demand for oil & gas will increase. There is no doubt that design, construction and maintenance costs for petrochemical projects will rise in line with the demand. The oilfield service companies who make these projects possible will need to ramp up operations in order to keep up with the demands of their customers. This means procuring top notch personnel, equipment and facilities to meet those demands. Investment will be required but the returns will be good for those investors who put there money into the service companies who are ready and able to meet the challenge. |
Posted at 05/12/2009 10:06 by flyingswan An interesting article on the Oil Service Industry which I feel would include Plant Offshore Group - POGL:The Oil Services Industry's 3Q--A Fragile Recovery By: Morningstar Friday, December 04, 2009 10:22 AM ...We expect the international rig count to average 1,000 rigs and range between 950 rigs and 1,050 rigs in 2010. We think this indicates modest single-digit growth numbers for most in the industry and operating margins in the 15%-20% range for most large services markets... I think this statement could also be said about POGL: ...Internationally, Weatherford turned in the one of the worst quarterly performances, yet it has one of the industry's strongest international outlooks in 2010... For long term share investors, I think Plant Offshore Group - POGL - could be a 10 bagger the very near future - IMHO, DYOR |
Posted at 19/11/2009 13:51 by flyingswan I found this post interesting by Stock Junky on the III communty discussion board, and thought I would share it here:Apologies for the delayed response. I've been suffering from man flu which everyone knows is a fate worse than death. Why POGL? I started my research by studying the initial listing of POGL on AIM. As you are no doubt aware they listed in Jul 2007 and despite being fairly slated by many pundits the share price rose from 12p to circa 19p in the first week. The pundits were surprised because here we had an unknown Malaysian company trying to raise £2.6M on a UK market. The management team were unknown, their fundamentals were fairly sound but there was no evidence to support a rise, let alone the meteoric rise of 60% (I've read many posting from the private investors that were getting carried away at around this time and its the normal story with so many AIM investors. They let their emotions get the better of them and the amount of 'I'm in' postings at 14p, then 15p and then 16p etc are quite 'scary' and many of them were predicting the share price to reach 25-30p in the short term.) The listing was geared to raise £2.6m at a prospective price earnings ratio of approximately 12 times their 2007 estimates. This would have given them a market cap of circa £21.5m. At an share price of 19p this rose to approximately £32m which was 15 times greater than POGL's 2008 projections. There was absolutely no way POGL were going to secure sufficient new business / contracts by 2008 to justify and / or maintain this inflated market cap. We all know what happened to the markets in 2008. POGL started the year on bit of a high, the share price had returned to a 'realistic' level and they reported very good results to Dec 2007 that exceeded initial expectations (they had trebled their revenue to £140 million). In any other year this would have had a very positive impact on the share price but 2008 was not like any other year. During 2008 they struggled to secure new contracts, existing contracts were de-scaled or shelved due to financial constraints and the little gem that was POGL was unceremoniously dumped on the pile of Oil & Gas Equipment Services' granite chips. So why am I throwing my hard earned cash at POGL? They had the worse possible start to their AIM listing. The MM's and over excited investors artificially raised, lowered and once again raised the share price to a level that POGL management were never going to be able to justify via securing new business/contracts. During the recession they have managed to stay afloat and have been recognised as one of Forbes' 200 best Asian companies with under 1 Billion revenue. The DOW Jones Oil Equipment & Services Index Fund is currently up 20+% since July 09. The POGL management and sales team have managed to secure £2.18M new business to April this year. And so-on 1.5p per share for this Pacific Rim 'granite chip' is supposedly risky, but it's a risk that I'm willing to take and I'm putting my money where my mouth is. DYOR please, check out the details of the initial listing (they're very informative) and check out their latest progress and fundamentals. I have, and I believe this company is a 'little gem' sitting in a pile of 'granite chips'. Yours SP. |
Posted at 09/11/2009 14:56 by flyingswan Looking forward Plant Offshore Group POGL will benefit from the increasing price of long term crude oil prices. See the evidence below for more details:Fears as prices of long-dated oil soar By Javier Blas in London, Carola Hoyos in Balhaf, and,Gregory Meyer in New York Published: November 9 2009 02:00 Long-dated oil prices have risen to within a whisker of $100 a barrel, in a sign that investors are expecting high prices to return after the recession. The furthest forward oil contract traded on exchanges - the December 2017 futures - rose last week to $99.97 a barrel for the Brent benchmark and to $99.43 for the West Texas Intermediate, the highest since last October. The prices have risen by 10 per cent in the last month. "The entire crude forward curve has moved up," said Michael Wittner, oil strategist at Société Générale. "We assume that investor flows have pushed up long-dated prices." Long-dated oil prices are now almost $20 a barrel higher than two years ago, even though spot prices are much lower than then. Spot prices for oil ended last week at $77.65.... |
Posted at 03/11/2009 22:00 by flyingswan This is great new for shares like China Western Investments CHWI and Plant Offshore Group POGL Both these company benefit from being in Asia see comment:As investors position their portfolios, they must take into consideration the unique features of this recovery, he said. For example, it was led by emerging-markets growth, which is atypical of most global recoveries. Asia will remain the most economically dynamic region of the world for a long time, and Barclays Wealth is encouraging its clients to ask themselves, "Does this investment give me exposure to economic growth in Asia?" Gurwitz said. NEW YORK (Dow Jones)--Global markets are now functioning normally, and stocks, particularly those in developed markets, likely offer more upside going forward, according to Barclays Wealth. The global wealth-management business of London-based Barclays PLC (BCS, BARC.LN) is encouraging its clients to move past the crisis; seek exposure to economic growth in Asia; and prepare for short-term interest rates in core countries to remain low for "a very, very long time," Aaron Gurwitz, managing director and head of global investment strategy at Barclays Wealth, said Tuesday at a "year-in-review" briefing. The asset manager, which caters to high-net-worth, affluent and intermediary clients around the world, has $221 billion under management. "The crisis is over," said Gurwitz, yet many investors have been "doubly traumatized" and have yet to move past the crisis psychology. They first suffered losses last year, then reduced risk in their portfolios and were traumatized again when they missed out on the rebound, he said. They need to begin to move forward, albeit taking into consideration the lessons learned in the past year, which include a much greater respect for the importance of liquidity and cash and a higher standard of due diligence in dealing with any opaque investment, Gurwitz said. As investors position their portfolios, they must take into consideration the unique features of this recovery, he said. For example, it was led by emerging-markets growth, which is atypical of most global recoveries. Asia will remain the most economically dynamic region of the world for a long time, and Barclays Wealth is encouraging its clients to ask themselves, "Does this investment give me exposure to economic growth in Asia?" Gurwitz said. However, Kevin Gardiner, Barclay Wealth's head of investment strategy for Europe, the Middle East and Asia, said that, going into the fourth quarter, Barclays Wealth has been adding to its weightings in stocks, focusing on developed markets because emerging markets have already rallied tremendously. It isn't too late for stocks in developed markets, which "have been digging themselves out of a very, very deep hole," he said. They should trend upward, driven by earnings, interest rates and valuations, Gardiner said. Gurwitz said Barclays Wealth expects short-term interest rates in the U.S., U.K., Europe and Japan to stay low "for a very, very long time." Central banks in those countries aren't likely to raise rates sooner than the third quarter of 2010, though long-term rates will likely to start rising before the central banks act, he said. In the U.S., the Federal Reserve won't be confident to raise rates until unemployment is consistently declining, said Gurwitz. "We think they will avoid deflation and keep the economy growing," he said. "The Fed will err on the side of caution." Barclays Wealth was launched in the Americas in September 2008 with the acquisition of Lehman Brothers Holdings Inc.'s (LEHMQ) high-net-worth wealth-management business. |
Posted at 24/10/2009 10:44 by flyingswan I think POGL - Plant Offshore Group is a major winner, which has been over looked by the article below, in the FT. It is a E & S Oil and Gas Company, working in the Emerging Markets, the shares are tightly held and only a few available to PI, which makes them volatile. Small energy groups ride crest of oil price wave By Neil Hume (FT) Published: October 23 2009 19:53 | Last updated: October 23 2009 19:53 To some it's further evidence of a liquidity bubble, to others a sign of renewed investor confidence and rising risk appetite. Whichever view you subscribe to, there's little doubt that small-cap oil and gas exploration, where share prices have risen by five or six times in a couple of months, is one of the most exciting and dangerous areas of the London market. And no stock is more exciting or volatile at the moment than Gulf Keystone Petroleum. Shares in the Kurdistan explorer have risen from 13p to 105p in the past two months following a big discovery in northern Iraq. The company is now worth just over £500m, and is one of the most popular stocks among retail investors, even though it does not know how much of the 1bn-5.3bn barrels of oil it has found can be recovered. It also needs to raise $80m-$90m to develop its oil field. So what is driving the renewed interest in this most risky of sectors and can it continue? One factor is the rising oil price. This is important because it makes projects viable and attracts investors to the sector. Indeed, it is doubtful Desire Petroleum, which is looking for oil in the Falkland Islands, would have been able to launch a £62m equity fundraising this week if the oil price had not been about $80 a barrel. The same goes for Rockhopper, another Falklands explorer putting the finishing touches to a cash call of up to £50m. Another is what might be called the "Gulf Keystone" factor. "There's real excitement in the sector again. Pick the right stock and you can make 10 times your money," explains one analyst, who adds that the attractions of investing in BP and Shell are not what they were. This is because many analysts think BP and Shell will eventually be forced to cut their dividends because they are finding it more difficult to replenish their reserves. This may explain why a company such as Afren has strong institutional support. Its shares have risen by 600 per cent since April on the back of positive drilling updates from its prospects in Nigeria. The company is now planning to move from Aim to the main index and with a market value of nearly £700m it will be big enough to claim a place in the FTSE 250. But the most important factor behind the explosive share price movements in the sector has been the return of risk appetite. Fund managers and retail investors are prepared to put some money into these risky plays, in a way they were not in March. Given the brighter economic outlook (and in turn the higher oil price) that is understandable, all the more so when one considers the recent success stories from the UK exploration and production companies (E&P). Cairn Energy and Tullow Oil have grown from humble beginnings to become members of the FTSE 100, while Emerald Energy recently agreed a £532m takeover from China's Sinochem and Heritage Oil could become a blue-chip company if it completes its merger with Turkey's Genel. However, there are reasons to think that the share prices of small E&P stocks are starting to become a bit frothy and in some cases the exploration upside is already reflected in share prices. In fact, backing for this view comes from Hardy Oil & Gas. Its shares (which had risen 60 per cent in the past three months) slumped 41 per cent on Friday on news that the first exploration well on the D9 block in India had been abandoned. This was a real surprise to investors because Reliance Industries, India's largest private company, had made a significant gas discovery in a nearby field. Traders say Hardy is a timely reminder of the risks of investing in the E&P sector, where, for every winner, there are three or four losers. But investors don't appear to be listening. Even after Friday's fall, shares in Hardy are only back to the level at which they were trading when drilling commenced. All of which suggests that some of the cash that has been poured into the system by central banks has made its way down the corporate ladder and into one of the most risky areas of the market. And that means share prices can keep on rising even if they have lost touch with the fundamentals. |
Posted at 29/9/2009 10:11 by flyingswan As a Value Investor, I think Plant Offshore Group POGL has been overlooked by the market. Plant Offshore Group is a profitable comapny and has an Erning Per Share of 2.96.It was floated at a time when Oil was experence the largest drop in value in a number of years. The share price has neaver had a chance to show its true value to the market. Now the recession is over and old prices are going back to their true value, I feel it is time for POGL to start to rise to its True Value. IMHO, DYOR See the basic date below: Shares in Issue 166,666,667 (Ord 0.01p) SEAQ/Epic POGL SEDOL B1XVTV0 Annualised Dividend - Dividend Cover - Latest Pay date Latest Ex-Div date EPS 2.96 Floated Jul 07 Market Capitalisation (£m) 2.083 Enterprise Value (£m) 27.728 Sector Oil Equipment, Services & Distribution % of Sector by Cap 0.022 Industry Oil Equipment & Services % of Industry by Cap 0.022 Last RNS Announcement 15-09-2009 Listing AIM Last Annual Results 02-06-2009 Last Interim Results 15-09-2009 Total Assets (m) 64.788 Total Liabilities (m) 26.452 Total Equity (m) 38.336 Cash & Equivalents (m) 0.840 Net Gearing (%) 39.532 Gross Gearing (%) 40.829 Net Assets (m) 38.336 Op Cash Flow (m) 4.329 Debt Ratio 4.618 Debt-to-Equity 0.070 Assets/Equity 1.690 Cash/Equity 2.191 Quick Ratio 0.799 |
Posted at 12/6/2008 10:12 by flyingswan I was doing some research on Plant Offshore Group and came accross this research in Investors Champ:Looks good to me with the chart now in full recovery. IMHO |
Posted at 15/5/2008 08:25 by rokkie ppo, i think the main reason is that investors seem to have shown little interest in it. Day to day there is little volume traded. There are minimal posts on the BB's and no sign of any rampers/doom merchants. This suggests to me that most holders are long not short term traders. The results are good and i guess we just have to wait for the market to catch up and take an interest in POGL. |
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