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Real-Time news about Plasmon (London Stock Exchange): 0 recent articles
|andrbea: once and if (big if) they get a 2-quarter bridging loan, maybe we can say the bad news has been priced in?
Plasmon's situation has worsened since it reported reduced losses for its fy08 year. Then Plasmon expected to achieve a positive cash flow in the second half of the 2009 financial year (ending March 31). Now it sees that the point at which it will achieve a positive cash flow has been pushed back by one to two quarters.
It looks then as if Plasmon needs a two quarter revenue bridge. Having come so far, the investors may feel it prudent to come up with the cash, as Steve Murphy has revitalized and restructured the company and its products significantly. He now has to struggle against adverse economic conditions but will be saying that the company's product and sales strategy is right. Give him time ... and give him cash to tide the company over.
The next two quarters will be critical, desperate even, and this may be the last time that the investors will be willing, if they are willing, to put in more money.
The share price plunged by 56 percent in London, going from 1.63p/share to 1.25p.
|charmer1_23: Not entirely unexpected given the recent share price decline, oh dear. ;-)|
|chrisdgb: get the feeling that positive momentum in orders will soon be reflected in share price..|
|hang: Does makes you wonder what the placing roadshow was all about because there isn't usually such a slide in share price if the future is solid. The only explanation that might fit the bill on this occasion is the expiration of June contract spread bets and the normal MM - spreadbet company collusion to squeeze holders to capitulate. The end of the week may reveal the first signs of a turn otherwise we have terminal freefall. At this rate company PE next year will be less than 3 so something has got to give..........|
|dead-cat bouncer: This is much better than could be expected; the share price performance and the economic background made this look desperate, but it looks like Murphy is doing a fantastic job. At long last this company has somebody who knows what he is doing (and one assumes that this applies to many, if not all, of the 18 sales people he has brought on board as they will be known to him as they come from the storage industry.).
News flow should be good as they mention "industry partnerships in the near term".
At some point over the summer one of the tipsheets (Techinvest?) will come out with a positive article based on what is in the statement today. There are a lot of stale bulls around, but most of them were in before the slide from 30 to 6p, so there is plenty of scope for upward movement when other PI's get interested.|
|u813061: Interesting comment on the price to sales ratio. Although the share price is in a terminal decline, because the company keeps issuing more and more shares, none of the per share statistics improve.
"can turn on a sixpence" - interesting. I suppose it can turn on 5p as well.|
|dead-cat bouncer: This is the statement from less than a year ago: "15.06.07 (Share price 46p) after H2 loss 11.510m (-9.524m) I believe that these positive achievements can and should drive the group forward to a much more rewarding future." That was when the price was more than six times what it is today.|
|mikey_b: The question was about PLM the company as I saw it, not the share price. If I was wrong and it was about the SP, then I expect a fall to around the 4p mark :-)|
|aquilla: Not sure, mikey. This is a massive dilution, almost doubling the number of shares in issue. I guess the pending placement was one of the factors depressing the share price recently.|
|cockneyrebel: Hmmm, maths lessons for the Independent then:
Pay attention at the back Indy, you can use a calculator. Stop picking your nose!
Right, if the stock rose 7.5p, and ended at 38p, what was the starting price? Answer 30.5p. So if the stock was 30.5p to start with and it rose 36%, what should the price be? Answer: 40.5p.
Actually if that's what they printed it's complete balls cos the price was 28p at the close :-)
Looking forward the 'Warp factor Hanover' taking effect here - won't surprise me to see these double in no time with the press following Hanover have attracted and the fact that the PLM share price is 90% off it's high three years ago still.
Plasmon plc share price data is direct from the London Stock Exchange