We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plantic Tech. | PLNT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.75 | 7.75 |
| Top Posts |
|---|
Posted at 29/7/2010 11:30 by themoneymonster2 Just been thinking and here is why 8p is unfair.GM already owns say circa 20% of PLNT. 8p values PLNT at £6.4 million. So really he is paying £5.12 million for the rest of the shares. PLNT have £5 million in cash as of 4 weeks ago so basically he is getting this company for about £120,000 at 8p. It's bloody robbery!! |
Posted at 29/7/2010 08:06 by the_doctor well, perhaps that explains why Brendan Morris has done such a pathetic job of explaining the business, where contracts would come from, how he'd fund itI spoke to K-P this week to ask why PLNTs product wasnt even on their website yet. Was the PLNT board that bothered, or were they happy to let the share price drop and facilitate a bid by GM? No doubt the board will retain a nice slice of the pie. How can Matrix say the price is fair when they put out a note suggesting it was worth much more!?? Oh... because they get fees! |
Posted at 28/7/2010 13:07 by themoneymonster2 biom is actually valued at double that of PLNT today yet PLNT has more cash and in my opinion, far better prospects.We'll see. |
Posted at 27/7/2010 21:48 by themoneymonster2 Is NatureWorks LLC listed on any excahnge? Anyone know their revenue etc? Surely they could just take out PLNT on the cheap now and have all the patents? Could probably get PLNT for circa £10 million max at the minute? |
Posted at 27/7/2010 17:42 by the_doctor National Starch, Klockner-Pentaplast and 'new resin party' when that's completed would seem to think it's a good product setNational Starch's acquirer doesnt have a bioplastics division yet (thankfully) Raises scope for a closer alliance PLNT is moving their plant to NS - clearly sets that up. |
Posted at 14/7/2010 15:13 by masurenguy the_doctor - 14 Jul'10 - 637the doctor - I'm commenting on PLNT because I'm commenting on PLNT Carry on your childish game at VIY if you want and I'll continue to reciprocate here. I dont really care either ! |
Posted at 08/7/2010 17:33 by the_doctor I thought ITM was doomed at the start of the yearnow look at it Similarly, TYR has managed to get funding without significantly impacting the share price (unlike SEO mind you) I suspect the way forward will be - US subsidy reduces funding needs - positive news on K-P extension, resin deal and contracts then loan/equity stake from a partner + placing + open offer outcome will be - newsflow raises hope that PLNT can get there - cash provided to get it there - open offer allows us to invest on similar/same terms as others and remove any dilutive effects The likes of K-P could potentially bring in chunky contracts I also think it's possible that National Starch/acquiror will buy PLNT, taking advantage of the low price. For them, it's a case of when, not if. |
Posted at 06/7/2010 09:18 by themoneymonster2 KoobaCotact this guy at Matrix and tell him PLNT are not responding to your emails. He is the broker at Matrix dealing with PLNT, maybe he can answer your questions? stephen.mischler@mat |
Posted at 28/6/2010 11:25 by greengiant TMM2 - My view here is not to talk the share price down, it is just to try and impart what I know about this industry. The key issue here is as I have always stated - can this company exploit the growing market and make everyone who has invested in it rich?The link you posted is interesting, and one of the key reasons why PLNT have not done well, is the DuPont fiasco (more on DuPont's side than PLNT) However, I wouldn't place too much emphasis on is current cash position - as you state above at december 31st it had $15.6m, but is burning cash at the rate of around $5m - $5.5m per 6 months. There has been no significant increase in revenue in this first 6 months so you are looking at a closing cash balance at 30 June of around $10.25m - at a rate of 1.65 gives a sterling value of £6.2m against a market cap of £4.7m. The discount is for the following 2 reasons: 1) the fact that there will be a share placing (management accept this) 2) in this industry, you get hundreds of trial orders prior to receiving any orders of significance. The time from trial to product supply is typically 12 - 18 months. This is the key risk here. gg |
Posted at 28/6/2010 10:23 by themoneymonster2 Plantic (AIM:PLNT), the technology company engaged in the development and commercialisation of a range of environmentally friendly plastics from renewable resources, will today hold its Annual General Meeting in Melbourne, Australia. Ian Wightwick, Plantic's Chairman, will make the following statement at the meeting: "Plantic has delivered a significantly improved performance in the first half of the current financial year. Sales of product sold in the 5 months to the end of May have increased by approximately 80% compared to the second half of 2009, with revenues 50% higher. The mix of sales reflects higher sales of sheet and resin as opposed to finished packaging, in line with our strategy. The trading loss and cash position for the first half of the year are expected to be in line with market expectations. We continue to reduce costs and improve efficiencies and have been careful to conserve our cash resources. Our cash position is expected to be approximately A$9.2m as at 30 June 2010. "In February, we entered into a wide-ranging agreement with Klöckner Pentaplast, the world's leading producer of rigid film products. I am very pleased to report that Klöckner have been most efficient in progressing all areas of the agreement. Klöckner staff are now fully trained, have picked up servicing existing customers and are well advanced in the rolling out of Plantic's products branded as Pentafood® Biofilm. Klöckner has engaged with several major multinational corporations in the USA promoting Plantic rigid sheet and has also advanced its plans to manufacture Plantic sheet under licence. Finally, negotiations are underway with Klöckner to distribute Plantic product in other territories outside of the USA. "We have also seen increased orders from a number of key customers in Europe, including Marks & Spencer, in the UK and a major German confectionery company. Our plant in Jena, Germany is delivering increased volumes of product into the European market. We have also made our first sales of injection moulded resins into the Australasian market, illustrating the value and importance of our product development programme. "In February, after completing a major product development programme, we launched our eco Plasticresin product. We are currently negotiating a global distribution agreement for this product and expect a favourable conclusion in the near future. The roll out of eco Plastic resins for both film and injection moulding applications is also going well. Several multinational food and healthcare companies are evaluating eco Plastic for a range of applications. "A major strength for Plantic is its Intellectual Property, with many patents approved in major global markets. We recently secured our fifth US Patent to protect the technology behind Plantic's new rigid sheet material with improved impact resistance. "We achieved improved manufacturing output and yields during the first half of 2010. The plan to establish a manufacturing plant in the USA, in collaboration with National Starch, is progressing in line with expectations. Once complete, it will deliver significant cost reductions, not only in substantially reduced logistics costs but also from a more efficient manufacturing process. Plantic has also received several offers of government subsidies to support our investment in the USA, which we are currently evaluating. "In summary, the development of our strategy and agreements with new partners, together with increased sales, product development and manufacturing, has seen the most significant progress for Plantic since its inception. The growth in the breadth of our product range and associated opportunities is pleasingly co-incident with renewed market confidence post the GFC, and an increasing aversion to hydrocarbon based products, accentuated by the ongoing environmental disaster in the Gulf of Mexico. The strategic steps we have taken leave us well placed to exploit these opportunities on better terms than had previously been possible. We therefore remain confident of future success. "It is important for me to pay special tribute to our CEO, Brendan Morris, and the whole staff of Plantic. It is one thing to lead a company enjoying steady market demand and good returns, but far greater demands are placed on Brendan and our senior staff as we secure our new partnerships, and ensure the proper promotion of our products in the USA and Europe, as well as Australia and New Zealand." -------------------- Who knows but reading the trading update makes me believe PLNT are on the verge of securing some very nice deals, receiveing numerous offers from Government subsidies (do you think they would throw money away?) and reducing costs at the same time. Does not make any difference what has happened in the past here, it's all about the future and it's looking a whole lot better. I will comment on the margins when we see some orders and real figures, I won't speculate on margins when they are known for last year but not for this!! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
