Progressive Dig Share Discussion Threads

[goldenfish2010] 27/1/2011 09:38

Nice. Thanks!

[pro_better] 27/1/2011 09:31

Broker note from Cenkos:
"PURSUIT DYNAMICS – PDX shares have been caned down from early December highs of 700p to early October levels around 400p. Some track-back is probably not surprising given the doubling of the price June to October and then 75% in the 2 months after that. Previous management had a record of promise without delivery and while the new leadership team under Roel Peiper is establishing the commercial base from which the company will grow it is a fairly easy "knock" for the long term bears.
Yesterday the company said they knew no reason for the sharp fall in the price, and will be updating the market at the end of Feb. What the new management team has achieved so far: 2 international brewers signed up, Oettinger already installing the reactors; P&G signing up on dental care and seeing potential in about 60% of their product lines worldwide; the National Nuclear Laboratories deal; reactors installed on a commercial basis in ethanol plants in the US from both major installers, to name only the major features, is impressive. One only has to believe that even of some of these signed projects some will deliver revenues in line with management expectations to see the shares multiplying over the next couple of years as revenues drive earnings. We maintain our 1100p target for Dec 2011.


Broker Cenkos expects adjusted pre-tax profit of £6.4m for 2011, giving EPS of 9.2p.

[pro_better] 27/1/2011 09:28

12/01/11

Mirabaud broker:
"PDX has announced that the installation at Pacific Ethanol continues to confirm the stability, quality and viability of the Group's Ethanol Reactor System ('ERS'). The Company has also confirmed benefits around cycle times which enable PDX to offer a third solution to the market for which the fee per gallon is twice the basic proposition. We have changed our estimates to reflect this which leads to upgrades to our numbers. We re-iterate our BUY recommendation and increase our price target to 2000p."

[pro_better] 27/1/2011 09:23

no link to broker research...but couple of article links are here:







alternatively if you want to call them up:

Cenkos Securities
Ian Soanes
Max Hartley
Tel: [phone]



Mirabaud Securities
Rory Scott
Tel: [phone]





Cenkos Securities
06-12-10 BUY 3.90 5.70 27.80 39.90

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 3.90 5.70 0.00 27.80 39.90 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 3.40 5.10 8.00 11.60


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS % % 600.00%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £m £4.20m £28.10m
EBIT £m £m £m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -43.44x 98.25x 14.04x
PEG f f 0.02f
Net Asset Value PS p p p

[attrader] 26/1/2011 21:53

Nice point out . Just doing research on this . Do you have link to broker research note ? How are they calculating 11£ a share ?

[pro_better] 26/1/2011 16:44

FYI regarding PDX...

note: don't be late on this one if you like it....

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

Cenkos Securities:

We had a conference call with PDX yesterday in light of the recent collapse in their shareprice. I came away from this more convinced than ever that the recent bear raid has created a great opportunity to buy the shares, and our analyst Peter Read will have a note out later today. We spoke to amongst others the head of the brewing business line, the head of ethanol and one of the non-execs. A so called "dossier" supposedly dismissing PDX's technology has been a feature of internet "chat forums", PDX went line by line through this 16 page powerpoint and pointed out inaccuracies, false assumptions, claims which appeared to be based on PDX data but are not, as well as omissions of various positives. Suffice to say the rebuttal of the bear story was extremely robust, particularly convincing when the head of brewing is the ex head of GEA's brewing systems division and therefore extremely credible on the strengths of PDX's offering, the cooperation with GEA that is underway and the factual errors in the "dossier".

Finally the rumour started on the web that the CEO may stand down or be sacked was firmly dismissed by the NED – "the Board are very happy with the direction and the progress of the company and its management". This management team has strength in depth and is delivering, they believe revenues will be delivered this financial year which will prove the success of the model. We agree and reiterate our BUY with £11 price target for Dec 2011. Recent price action has seen substantial volume with no signs of selling from the 65% core shareholders. Ignore the noise created by the shorters and BUY at this level.

[pro_better] 25/1/2011 08:33

SXX the drop is overdone...very good top up oppo or buy in for first time imho...

[pro_better] 25/1/2011 08:32

good news at SHG this morning...

the news we expect(jorc update), are on their way and will send share price north big time!!!

[pro_better] 24/1/2011 10:34

great news at SXX today...small PIs selling on the news....the results are very positive...SXX imho is a takeover target...potash is really the name of the game lately...

if there will be more selling, then topping up is on the cards...


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

SHG expecting news anyday now...from explorer to producer says it all...solid company and significantly undervalued with £15m cash in the bank! one to watch!

[pro_better] 24/1/2011 10:23

no changes in the List. we are going to ride them unless something important changes...

''maximise your profits''

[attrader] 23/1/2011 22:52

Great post Pro_Better, will be researching these soon .

[pro_better] 18/1/2011 13:36

DCP...breaking out nicely...under the radar big time...

ORM is gradually rising...again under the radar...'sophisticated investors' know about it (tungsten) though and smart money buys in....

SHG is a quality co with excellent management. they will start producing in the 4q this year. the re-rating from explorer to producer has not started yet....more drilling results and jorc update anyday now!

HMB undervalued based on current production. underground production should push to 100k oz pa!

CYAN orders started coming in...more to come...great recovery play...

LND amazing management. amazing assets in canada...under the radar...takeover target imo...way undervalued...

SXX looks poised for growth. on the longer term view 80-100p is on the cards!!!

[pro_better] 18/1/2011 13:08

the newest entrant in the List is SXX. Only yesterday was added and already 16% up. Way to go. 30p in the short term is on the cards.

[oiht] 16/12/2010 12:51

Some decent buys gone through last few days. Start of an upswing??

[oiht] 13/12/2010 09:59

Unfortunately it's showing as a sell. Not a director though it appears.

[erduk] 10/12/2010 15:17

another large trade today, 800,000 shares at 14.59p

[oiht] 10/12/2010 13:00

Little bit of consistent buying today, there's life in the 'ol dog yet.

[omlaysause] 10/12/2010 09:07

Without news, directors buying is always a good sign.
Fingers crossed!

[oiht] 09/12/2010 16:49

Good 'ol Craggy again, always comforting to see directors adding. Cheers guys - BoL.

[johnwall] 09/12/2010 16:13

Well here's the explanation of recent 'big' trades -


Progressive Digital Media Group plc announces that Bernard Cragg, Non-Executive
Director, purchased 550,000 ordinary shares at 14.75p per share on the 6
December 2010 and purchased 290,000 ordinary shares at 14.95p per share on the 9
December 2010 as detailed below.

[old father time] 09/12/2010 14:40

There's no news so nothing to discuss.

The next scheduled announcement is at the end of March when maybe things will become clearer.

[oiht] 09/12/2010 13:33

Who would buy £43k worth unless they new something??

[oiht] 09/12/2010 12:47

I'm probably talking to myself but 290k buy today. Someone's confident. Keeping the faith.