Plant Offshore Share Discussion Threads

[hope67] 28/4/2008 13:03

Look forward to tomorrow then hopefully get the share price back up can't see the reason for the fall in the first place

[affc21] 28/4/2008 12:58

Looks like the brief MM mark down was a ruse to get some stock - seeing as no sales are showing as yet.

[affc21] 28/4/2008 12:55

So it looks like Results may be tomorrow, according to TDWaterhouse - but I must add its an estimate and not confirmed.

Here's hoping for some decent results, for every-one on board.

[affc21] 28/4/2008 12:48

From TDWaterhouse:

Next prelim announcement 29- Apr- 2008 (estimate)

[affc21] 11/4/2008 09:09

taylor20 / others

Does anyone know when the Final Results are due?
Some time this month I'd have thought, but not got an exact date.

[ppowerscourt] 09/3/2008 11:04

Worth a look at KENZ, similar work, recent IPO (old company with record and established client base):

--------------------------------------------------------------------------

*Kentz is a successful engineering contractor, which serves clients
primarily in the oil and gas, petrochemical and mining and metals sectors.
The Company's principal activities are the provision of mechanical,
electrical, controls and instrumentation engineering, construction and
management services

*Kentz offers services to global customers; its geographical presence aims
to reflect the demand of those clients. Kentz currently has activities in
Saudi Arabia, Kuwait, Qatar, UAE, South Africa, Mozambique, Zambia,
Madagascar, Russia, Azerbaijan, Kazakhstan, Malaysia, Indonesia, USA,
Canada, the Caribbean, Australia, Norway and Ireland. Kentz operates in some
of the most remote locations on earth

*The Group's turnover is derived from blue chip end user clients and also
from engineering, procurement and construction (EPC) contractors. The
Group's end user clients include Shell, ExxonMobil, Chevron, Marathon, HESS
and Sasol in the oil and gas sector, SIPChem, Linde and Krupp Uhde in the
petrochemicals sector and One Steel, Mittal Steel and Anglo Coal in the
mining and metals sector. The Group's EPC contractor clients include Fluor,
Bechtel, JGC, Foster Wheeler and Technicas Reunidas.

*Kentz has a proven health and safety record

*Kentz has an experienced senior management team and has the ability to
source an experienced and technically skilled workforce. The average length
of service of the top 100 core management is over 18 years. Kentz currently
employs over 7,000 people on a full time basis

*In the year ending December 2006, the company generated revenues of $370
million and profit before tax of $25 million

*Kentz can trace its origins to 1919 through the activities of various M F
Kent entities. The Company is incorporated in Jersey and is owned by two of
its senior managers and a group of Malaysian investors

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Any comments on comparing with POGL?

[ppowerscourt] 08/3/2008 09:29

Ah,... renewable energy front, hope there will be development on that !

[ppowerscourt] 04/3/2008 10:20

current sell:buy quoted by Selftrade---

9.5p vs 9.75p

[ppowerscourt] 03/3/2008 10:58

affc21: Thanks.

That's why I have been a holder and adder since IPO! I like biodiesel a lot and the region at where POGL operates seems to be the Asian hub, including Indonesia, etc. The JV on the rubber shock absorber is scientifically cutting edge. If all the countries and islands along the earthquake belt (including Japan)are forced to adapt it for their future building regulations, we'll have a growing market, slowly but surely. BTW, there was a 6.5 Richter scale earthquake in Indonesia last night.

Agree with Captain Kirk that the rarity of news fails to put POGL on the radar screen. I can only guess that these hard-working ethnic Chinese engineers out there are hardworking to make this plc a success and fancy dressing up and down to impress is not within their work ethics nor habit. Also, each RNS costs, so they're keen on savings too! Hehe....

Interesting that Saudi Arabia gave news that they will be focusing on green energy generation big time. POGL does allocate oil specialists to these destinations. Perhaps they could clinch a contract or three as time goes.

Yes, determined to hold long term too.

Cheers All!

pp

[james t kirk] 03/3/2008 07:21

Thanks affc21, the problem with POGL is the almost total lack of RNS's, they save everything for results, when they could get more interest by announcing some of these major contract wins at timely intevals.

This is a good share to hold for the long term IMHO...

[affc21] 02/3/2008 22:08

ppowerscourt - can not comment on Fridays trades, but just to share some info with yourself and others that may be interested:

Plant Offshore interim results for the six months ended 30th June 2007.
(20 September 2007)



Plant Offshore interim results for the six months ended 30th June 2007.
Revenue up 155% to RM35m (£5m) (2006: RM14m (£2m)).

Current trading and outlook:

Progress since 30th June 2007 has been satisfactory with revenue and profits in line with management's expectations. The group currently has ongoing contracts and work in progress in excess of RM185 million (£27m), over the next 17 months. This includes a contract with Global Bonanza Sdn Bhd to provide full EPCM services for a 100,000 MTPY biodiesel production plant in Kuching, Sarawak. The contract is worth some RM44 million (£6.5m) to POGL and was signed on 4th July 2007.

Chairman's statement:

Currently has tenders out for contracts worth a further RM329 million ( £48.2m).
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So looking at the revenue figures, what stands out is the jump in revenue booked for the 17 months from July 2007 of RM185 million (£27m) (with the possibility of more contract wins on top), compared to RM35m (£5m) for the six months ended 30 June 2007.

As stated before earnings may be lumpy, due to revenues and profits being
dependent on project recognition.

Please DYOR

[ppowerscourt] 02/3/2008 06:46

last 50k sell went through at 8p....?!? (why lower than spread?)

.....and before that, 12k sell @ normal 10.3p.

10-12p still.

[ppowerscourt] 29/2/2008 12:16

Thanks, Taylor20.

Have built up quite a big holding myself, meanwhile.

[taylor20] 29/2/2008 08:07

Apparently it wasn't a sale, just an 'internal re-adjustment' - hence there has been no RNS. Just coincidence it happened as the shareprice weakened?

[ppowerscourt] 28/2/2008 22:33

appx. date of prelim results is 20th March, based on last interim date.

Can someone repeat the reason and price for the huge sale of some 10 million shs. earlier? TIA

And SteadyEddie said MM had no stock on Feb.18th.

[steadyeddy2] 21/2/2008 15:04

200£'s worth of shares pushes the price 4.8%. Crazy. Wish I was not fully invested.

[james t kirk] 18/2/2008 19:30

I bought 14k, seemed to help. Company could do with a bit more regular news!

[ppowerscourt] 18/2/2008 19:01

About time! Near to news time?

[steadyeddy2] 18/2/2008 15:05

Chart looks good to!

[steadyeddy2] 18/2/2008 14:25

Mm's have no stock.K12.5 of shares bought have bumped the stock 10%.Gravey train, fill your boots.etc.

[affc21] 14/2/2008 12:35

taylor20,
Thanks for your feedback, I have previously sent an email to POGL (enquiry [at] plantoffshore.com), but alas have had no response.

Thanks

[taylor20] 14/2/2008 10:02

Not contacted the company directly myself, but you could try 'roger.bade [at] hoodlessbrennan.com' if you get no joy from 'enquiry [at] plantoffshore.com'.

[affc21] 14/2/2008 09:31

taylor20/anyone else,

Has anyone got the POGL Investor Relations email address, it would be appreciated if someone could post the info here.

T/A

[affc21] 29/1/2008 16:19

taylor20 - I have read the HB note and am aware of of the potential lumpy earnings (so all being well I'm here for the long term, to ride out any bumps on the road).

This (POGL) is my second Oil/Gas services sector purchase, with my other being BNLN.

[taylor20] 29/1/2008 16:04

Contacted HB about the 10m trade, they are currently looking into it. Definitely isn't from the 90% lock in shares though, so seems possible that it was "Global Trader Europe Ltd".

Indications are that it was an 'internal' reorganisation, not an change in holding, so probably won't be an RNS. Good news in that case is that GTE have increased their holding slightly since float.

If it was a real disposal of shares, then they have no further shares to sell (as they shouldn't have gone over 6% holding without an RNS).
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Only comment with a company such as this is that due to the large contract sizes earnings can be very lumpy. So could show an unexpected loss in any particular half-year - it isn't a simple case of extrapolating earnings growth from one half to the next.

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Currently spread my Oil/Gas services exposure over three holdings HMS, POGL and VELO.