Plant Offshore Share Discussion Threads

[petersmith6] 24/11/2009 15:53

not a bad day realy, a few sellers but we end in blue.lets see what this week brings.

[flyingswan] 24/11/2009 10:57

There is a lot of interest in Plant Offshore Group today, 10 Trades on LSE and 10 More on PLUS Market and all appear to be BUY's. IMHO.
We are due news any day now, as POGL usually put out an RNS every couple of months and it is a bit of time since the last one.
Will it be the announcement of a new Contract?
Maybe a New Investment similar to the RFC one?
Possible a take over bid by one of the big players in the EPCM Sector – Perhaps - Petrofac PFC; who have announced a new contract today or it could be just the sector on Support Level and a good time to get in to ride the Sector back up to Resistance.
What ever the reason, rumours are rife. IMHO, DYOR

[gerri-c] 24/11/2009 09:49

The 200K @ 3p looks like a vote of confidence...

[flyingswan] 23/11/2009 14:09

Itsaduster ... You may have missed this article so I thought I would post it here to save people having to look it up themselves - Great News:

RFC Announces Plant Offshore Group Transaction
LAS VEGAS, October 29, 2008 – Renewable Fuel Corp, Inc (RFC) a leading producer and supplier of biodiesel and biodiesel blended fuels in North America and in key International markets is pleased to announce today that Plant Offshore Group Limited (POGL) a leader around the world in Engineering, Procurement and Construction Management ('EPCM') services, engineering design software and rubber seismic isolation technology have concluded an investment transaction. The investment in RFC will give POGL a critical opportunity to leverage its expertise in the area of green fuel technology. The RFC biodiesel product uses only renewable and sustainable feedstocks and is produced in one of the world's newest and most technically advanced facilities in Kuantan, Malaysia. The value of the POGL transaction is approximately $9,171,000 USD and supports the restructuring efforts of one of RFC's recent acquisitions Century Corp Sdn Bhd (Century) through RFC's wholly owned subsidiary Bio Refining Industries, Inc (BRII).

"We are proud to have an ongoing working relationship with RFC, the perceived market leader in the US biodiesel industry and will be one of the largest producers in the world within the next few years. We believe our interest in RFC will enable POGL to participate in the booming biodiesel and blended fuel industry in the US and key international markets," said Hang Chin Juan, Chief Executive Officer of POGL. "We share the same vision as RFC, that the worldwide biodiesel market represents excellent opportunity. We intend to play a role in supporting RFC's strategy to build diverse, worldwide green fuel facilities using our EPCM expertise."

"We are building a company that can truly leverage the worldwide biodiesel opportunity," said William Van Vliet, Chairman of RFC. "The transaction with POGL is an important affirmation of our strategy to build a diverse worldwide green fuel company. As savvy business people we search for opportunity, as our recent turnaround efforts with BRII shows. We know how to acquire strategic assets and improve them for our use. POGL is a solid partner in our efforts to fulfill RFC's future technological requirements."

About Renewable Fuel Corporation

RFC is a premier provider of biodiesel and fuel solutions worldwide. The company operates a biodiesel facility in Kuantan, Malaysia that produces biodiesel for sale worldwide. RFC produces all of its biodiesel to ASTM and EN standards. RFC is a distributor of D2 diesel fuel; the company provides custom biodiesel blends enabling customers to meet requirements for renewable fuel mandates in both the United States and worldwide. The company's wholly owned subsidiary BRII recently acquired two companies with biodiesel projects in Indonesia which are part of the company's long term growth strategy to add facilities for biodiesel and the development of feedstock production for use by all of its biodiesel plants. For more information visit us at www.rfuelcorp.com .

About Plant Offshore Group Limited

POGL was incorporated in Jersey, The Channel Islands under the Companies (Jersey) Law 1991 on 14 March 2007, and trades on the AIM Market of the London Stock Exchange under the ticker "POGL.L". POGL is principally an investment holding company and has three (3) direct subsidiary companies, i.e. Plant & Offshore Corporation Sdn Bhd, Plant Offshore Pty Ltd and Rubber Seismic Isolators LGM Sdn Bhd, and four (4) indirect subsidiaries.
The services of POGL and its subsidiary companies are predominantly located in Malaysia. Services include EPCM, engineering design software and rubber seismic isolation technology. The EPCM services of POGL are supported by their experienced engineers and technical personnel and both the Group's proprietary engineering design software and rubber seismic isolation technology, which serves as the technology platform of the Group.

For Information Contact:
Renewable Fuel Corporation
+1.702-989-8978 ext. 1040

[flyingswan] 23/11/2009 12:32

95,000 POGL Shares bought today on PLUS:

We may see a tick up soon if BUYing continues IMHO.

[pat mustard irl] 21/11/2009 19:34

FlyingSwan,
Having read the half year report I certainly would not consider investing in this company any time soon!

[ningram] 21/11/2009 19:01

A spread of 42% is rather high although I see Net assett value is 23p. The spread makes this share untradeable in my books at the moment?

[flyingswan] 19/11/2009 13:51

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.

[flyingswan] 16/11/2009 09:14

Plant Offshore Group POGL is in the right Sector if this article is anything to go by:

RBG profits up in oil services industry boomPremium Article !Your account has been frozen. For your available options click the below button.
Options
Premium Article !To read this article in full you must have registered and have a Premium Content Subscription with the The Scotsman site.
Subscribe
Registered Article !To read this article in full you must be registered with the site.
Sign InRegister


« Previous « PreviousNext » Next »View GalleryPublished Date: 16 November 2009
By HAMISH RUTHERFORD
RBG, the Aberdeen oil services company, saw a major boost in demand last year as commodities hit an all-time high, its latest accounts show.

The company, headquartered in Dyce – which provides "life of field" services for the oil and gas industry – reported a 17 per cent increase in turnover last year, to £291.8 million.

Oil service groups across the world have reported record results for 2008 after crude oil hit an all-time high of $147 a barrel last July.

Operating profits at RBG rose by almost £1m to £5.4m during the period, with profits after tax increasing 58 per cent to £2.2m.

The company took on hundreds of employees to cope with demand. RBG had an average of 2,965 staff in 2008, an increase of more than 500 against 2007.

Accounts filed at Companies House reported that RBG's directors were pleased with the continued growth in the business, with "substantial" investments in plant and equipment to enable more growth in the future.

Directors at the group shared a combined £676,000 in 2008, £153,000 less than in 2007. The highest paid director, whose identity is not disclosed, was paid £226,000, a 3 per cent increase over the previous year.

[flyingswan] 12/11/2009 13:41

Maybe some new orders coming to Plant Offshore Group POGL, see this news on developments of new Oil Terminal:

November 12, 2009 19:53 PM

Pristine Plans To Build Oil Storage Terminal In Melaka

KUALA LUMPUR, Nov 12 (Bernama) -- Oil and gas storage facilities provider Pristine Oil Capital Sdn Bhd plans to invest RM900 million to build a storage terminal in Pulau Besar, Melaka.

Its group chief executive officer Captain Kamarulzaman Mohamed said the Melaka Oil Storage Terminal (MOST) project is scheduled to start by the second half of next year and to be completed in mid-2013.

"We are now in the process of completing the environmental impact assessment and it will be the first seaport and independent oil storage tank in Malaysia," he told reporters after the kick-off its new corporate branding ceremony here Thursday.

Kamarulzaman said Korea's Samjung TCN and MSK Corporation Sdn Bhd had been appointed as the main contractor and contracts worth about RM700 million were awarded for the proposed project.

Engineering conglomerate Siemens Malaysia Sdn Bhd will build a five-megawatt power plant costing US$50 million (US$1.00=RM3.38) and provide the latest technologies in electrical, instrumentation, automation equipment, tank process control and applications, he said.

"The terminal will cater to the demand of the marine industry such as Petronas, Malaysian Maritime Enforcement Agency and international oil traders," he added.

According to Kamarulzaman, Pristine will raise funds via a syndicated loan for the project, with between 70 and 80 per cent to be raised locally and the remainder from offshore.

He said the terminal could become an alternative for local customers who are currently using a terminal in a neighbouring country.

The construction of MOST on 32 hectares of land will be carried out in four phases, comprising the marine terminal and jetty, multi-purpose oil storage tanks farms with 360,000-metric tonne capacity.

Kamarulzaman said there were close to 40 billion barrels of crude oil reserves, with more than 11 million barrels being transited through the Straits of Melaka alone.

To date, Pristine has paid RM516,000 to the Melaka state government, of which RM400,000 is for land premium, RM100,000 for commitment fees and RM16,000 as ex-gratia to fishermen to show its commitment to the project, he said.

[flyingswan] 09/11/2009 14:56

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....

[jarvis4] 04/11/2009 18:46

FlyingSwan

I do hope you are proved to be right with your optimism as I am quite heavily ino these at 10p. Once they show some sign of positive news or upward movement I will buy more to profit from the rise.

[flyingswan] 04/11/2009 14:31

This conference is interesting to Plant Offshore Group POGL and they may already have a stand there, which could really increase there orderbook for next year. IMHO:
Asia Offshore Operation & Development 2009 is officially supported by China three big oils CNOOC, CNPC and Sinopec. It will be held on November 16th – 19th in Beijing & Qingdao, China. This event focus on the offshore E&P activities in Asia, especially the senior speakers from IOCs and NOCs will look into the future of the deep offshore sector. And we will continue to bring more than 200 industry elites from IOCs, NOCs, subsea contractors, vessels owners, oilfield service companies, etc.

The offshore oil & gas industry landscape, after the commodities bubbles busted last summer, had changed and it seems so difficult to recover. In a time of pain, industry leaders, including NOCs and IOCs, have never been so cautious on new activities.
China, a country proven to be not only a huge energy consumer, but also an aggressive energy explorer in both on offshore and offshore sectors at home and abroad, is still keen for new findings and developments in offshore oil & gas. After meeting with setbacks in oversea acquisition some year ago, CNOOC, the only authorized state-owned operator that could proceed on PSC with IOCs, seems cautious in M&A activities though the over sea asset price dropping.
At the same time, CNOOC now is displaying its ambitious in developing South China Sea together with its international partners. The intensive activities in deepwater is foreseeable. Other state-owned oil giants, CNPC and Sinopec who are keeping low profiles in offshore, had already started their steps.
How the global economic turmoil is affecting the IOCs and NOCs' strategies?
What roles should IOCs play in the ever-changing Asia offshore scenario?
For services companies, are NOCs becoming their core customers in Asia?
What is really happening in China? Are the national giants there ready for more development in offshore sector? How they will proceed...?
Bringing all those questions, Asia Offshore Operation & Development 2009 will try to shed lights on the above issues. We are sincerely expecting your presence and your deep insights sharing with over 300 senior delegates from Asia offshore oil & gas industry.

[flyingswan] 03/11/2009 22:00

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.

[flyingswan] 24/10/2009 10:44

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.

[flyingswan] 22/10/2009 15:09

Plant Offshore Group (POGL) is well placed to take advantage, in the new Emerging Oil and Gas Development, as surging oil prices; kick-starting a Global Production Network. Read below for more details:

Surging oil has petro companies drilling again
By CHRIS KAHN (AP) – 16 hours ago



NEW YORK - With oil prices surging, petroleum drillers have dusted off idled rigs and kick-started a global production network that thrives on high energy prices.

Some oil executives have declared the yearlong slump in petroleum over, pointing to an uptick in exploration and drilling operations around the world. At $82 per barrel and growing, oil prices are finally at a level that gets drillers excited.

"We are in an extraordinarily good position to prosper by the recovery," said Gene Isenberg, chairman and CEO of Nabors Industries. Nabors operates oil rigs in the U.S., among the hardest hit regions in the world as far as energy goes.

As the oil industry begins reporting third-quarter earnings, the rebound in oil may lead to more jobs in the oil patch as companies spread out in search of more petroleum, especially shale gas deposits around the world...

[flyingswan] 20/10/2009 15:08

Lots happening in the Oil and Gas Equipment and Service Industry, see link below:


I think with Oil around $80.00 a barrel, we are going to see much more activity in the Oil and Gas Equipment and Service sector. This should help companies in the sector like Plant Offshore Group (POGL).

I am expecting the announcement of some new developments, like securing contracts shortly by POGL, as the sector recovers from the recent recessions. IMHO

POGL is a well established player in the Oil and Gas Equipment and Service Sector, making profits from its operations and is set to grow and expand in the Far East Emerging Markets. DYOR

[flyingswan] 13/10/2009 09:09

I was looking for more evidence for the 7% rise in Plant Offshore Group POGL shares today and think it may be related to this article published yesterday that states the whole Oil Equipment and Service Sector is rising, here is the link:

iShares Dow Jones US Oil Equipment & Services Index Fund Up 22.8% Since SmarTrend's Buy Recommendation
Mon. October 12, 2009; Posted: 11:18 PM
SmarTrend, our proprietary pattern recognition system, called an Uptrend for iShares Dow Jones US Oil Equipment & Services Index Fund (NYSE:IEZ) on July 23, 2009 at $35.74.
Since then, iShares Dow Jones US Oil Equipment & Services Index Fund has returned 22.8% as of today's recent price of $43.88. Want to profit from these alerts?