Molten Ventures Share Discussion Threads

[professor pettigrew] 19/3/2013 09:59

PTO

So far we have managed to consolidate around the £3 mark. A quick look at the chart going back a while shows that reasonably long consolidations are then followed by a further surge in price.

[tara7] 14/3/2013 22:44

PTO: have you ever had a stock with 5 broker upgrades within 100 days.!!

Increased target price 14/03/13 £2.60p to £3.60p BUY.

We have again revised our target price upwards as we continue to believe that Publishing Technology should see positive profits momentum now that its R&D cycle is nearly complete. As its products and/or services either reduce costs or introduce new revenue streams for publishers, there is in-built demand for PT's solutions in our view. This is especially the case as publishers look to outsource more. In addition, considerable scope remains to penetrate its large customer base with more online products. As we flagged in our note "Profiting from R&D" on 5 March 2013, while it is our view that the Chinese JV could provide considerable upside to the Publishing Technology valuation, there is no profit contribution in our current forecasts.

Our 360p target price has been arrived at by comparing PT's target 2013E EV/sales of 1.8x to similar companies. This valuation is supported by a reverse DCF of 360p per share. We maintain our Buy recommendation.


14 Mar Westhouse Securities Buy 260.00 360.00 buy
05 Mar Westhouse Securities Buy 230.00 260.00 Rtains
4 Jan Westhouse Securities Buy 200.00 230.00 Retains
17 Dec Westhouse Securities Buy 150.00 200.00 Retains
05 Dec Westhouse Securities Buy 120.00 150.00 Retains
15 Aug Westhouse Securities Strong 120.00 120.00 Retains

[professor pettigrew] 14/3/2013 21:59

PTO

Today was the second time in a week that the market makers effectively "closed the book" on purchases of PTO stock.

As michaelsadvfn correctly states above, one now has to seriously think about the amounts of stock the market makers have to play with.

True, there were a few buys that went through this afternoon, but some investors were unable to purchase at all online.

This leads me to believe the market makers are not only in serious trouble supplywise, but will be unable to cope with any sustained demand should PTO issue a bullish and positive RNS.

[michaelsadvfn] 13/3/2013 10:51

PTO

One wonders just what stock they have in their hands given that the share price is at it's highest for a number of years. There may be some sell orders at higher levels but I suspect they will be trivial amounts from the traders.

Other than yesterday buys have outweighed sells on a daily basis for several weeks now so I think it's safe to assume the mm's are going to have to bite the bullet sometime soon.

[professor pettigrew] 13/3/2013 10:15

PTO

Market makers are showing classic signs of distress in this stock. Early small selling is then met by buys, and they have closed above the line for 6 straight sessions now.

The market makers are finding it very difficult indeed to get some stock on the books at these levels.

[tara7] 12/3/2013 07:58

PTO


"can do" attitude is just what i like about this company.

This position points at growth on the Pub2web platform.

Nice

[tara7] 12/3/2013 07:56

PTO

New position just showed up on company web page.

Project Manager
Location: Oxford, UK (OX4 2HU)
Job Ref: OSD136
Position Type: Full Time/Permanent
Publishing Technology is an international, fast paced business providing online & enterprise solutions to 450+ publishers worldwide. As a leader in the provision of semantic web enabled online platforms (and increasingly mobile solutions) we provide leading edge technologies to offer our customers a more flexible range of features for their online products and a solid foundation for future growth and experimentation.
We are looking for an experienced and talented Project Manager to lead the implementation of pub2web online solution projects in the European market from the pre-sales stages right through to post-launch. The provision of excellent customer service in this area is achieved by a good understanding of the needs and challenges of our publisher partners, as well as the wider publishing community, a responsive "can do" attitude, attention to detail and a consultative approach.
Based at our headquarters in Oxford you will work with a group of experts including the Technical, Customer Service, and Product Management teams to provide high quality service to our publisher customers. This is a busy, varied role and the ideal candidate will bring a blend of skills including project management as the core and information architecture experience being highly desirable skill sets along with PRINCE2 or other project management related qualifications. If you have relevant project management experience, are dedicated to on time, on budget delivery and quality, are motivated by building strong partnerships, with a passion for technology we'd like to hear from you!

[michaelsadvfn] 12/3/2013 07:36

Quite agree. The Faraday effect..+..reluctant sellers. Something has to give.

Today could see another surge if the buying pressure is maintained.

[professor pettigrew] 11/3/2013 13:44

PTO

It looks like the pressure of just some small buying has forced the MM's hand.

I believe they are in trouble and this is the beginning of a serious stock shortage for them.

[professor pettigrew] 11/3/2013 12:20

PTO

A classic squeeze is developing, prohibiting the purchase of any sizeable quantity.

Market-makers will have to increase the bid/offer to get some decent stock on the books, and temporarily cut the NMS.

[professor pettigrew] 11/3/2013 08:30

PTO

The notice of AGM has been published with an erroneous date. Wed 4th April should either read Wed 3rd April or Thu 4th April.

I have contacted PTO and left them a message as to the error.

[tara7] 11/3/2013 08:25

PTO:

Look at our J/V partner in China

CNPIEC:
China National Publications Import & Export (Group) Corporation (CNPIEC) is the largest and most highly-developed cultural products import and export group in China. Its product structure incorporates core businesses of import of publications, export of publications, conferences and exhibitions in China and abroad, overseas publishing, global distribution and other international trade businesses.
As the largest importer of publications into China, CNPIEC has over 10,000 domestic clients and accounts and over 60% of the domestic market for imported publications. CNPIEC enjoys exclusive rights for the import of audio-visual goods and products, and the retail of foreign periodicals in high profile venues. Based on its excellent brand reputation, CNPIEC has become the sole partner in the newsstand projects in 2008 Olympics Games, the 2010 Shanghai World Expo and Guangzhou 2010 Asian Games, and it's also an "appointed supplier" for the United Nations' book procurement. CNPIEC's Publications Bonded Warehouse is the first bonded warehouse exclusively for stocking imported publications in China.

CNPIEC is striving to create China's largest service platform for media information and materials on education, science, culture, health, economy, national defence and military services, and to turn CNPIEC Online into an internationally-leading, domestically-unrivalled platform for information services.

Exclusive rights...hmmm

[tara7] 11/3/2013 08:23

PTO:

This tells an investor all about PTO in China


Google sesrch.


article-outsell-chinese-stm-partnerships.pdf

[tara7] 11/3/2013 08:15

PTO

How much is this company worth if a bid comes in.??

Based on a pe of 20[the sector going rate]

1M profit 12p eps £2.40p share price
2M profit 24p eps £4.80p share price
3M profit 36p eps £7.20p share price
4M profit 48p eps £9.60p share price
5M profit 60p eps £12.00 share price

Since any bidder would cut costs and blend the much reduced research bill.

Research bill 2012 £3.3M
Profit 2012 pre x £0.5M
Loan cost saving £0.3M
Staff savings £0.3M

That alone comes to over £10.00

Then add on the Chinese J/V.

[tara7] 07/3/2013 18:13

PTO:

PTO hits the £2.50 closing landmark today.

Within the year i think we will see £5.00.

Based on no more than a rerating of the companies shares.

Reasons:

Growth in turnover and profit.
New contracts.
Reduced research.
Debt repayment
Poss divi.
At £10.00 a share one could even see the board agree a bid.

[professor pettigrew] 06/3/2013 21:05

PTO

Faraday is indeed a well respected research company.

Arbuthnot Securities also instigated research on PTO rating it a STRONG BUY on 19 December 2011.

[tara7] 06/3/2013 19:48

PTO:

Faraday [the respected research house] has put out a buy note this morning.

The stock has been in demand all day.

The city is going to rerate this stock at super fast speed now that more research has been done by others[not me]

Have an idea the pe may hit 30 based on this years £1.3M westhouse forecast or £4.50 a share.

Investors will now want "IN" prior to the next upgrades and fast, so they do not miss the boat.

[tara7] 05/3/2013 13:01

PTO:

What we do

We develop systems to hold and administer content for publishers/information providers.


The market sees PTO as a content administer for publishers.

Infact the market of information providers must be 10,000 times larger.!!

HUGE.

[tara7] 05/3/2013 08:46

PTO:

The results were "in line" and a non event.

However we all have known that since the trading statement.

What is mindblowing is the profits we may see in he next few years.

The old products could have produced just short of £4M profit in 2012 if research had not used most of it up.

The ongoing research is going down from i think £3.£M to around £1M in the years ahead.

At the very same time the new products with high margins are growing at 60%.

The debt is also being paid down.

China will kick in next year[even now is paying its way.]

[tara7] 04/3/2013 17:05

PTO:


Annual Report 2012 is now on company home web page.

Worth a good read.

[professor pettigrew] 03/3/2013 21:35

Thank you MP. I am currently researching another 3 stocks which I hope will meet stringent criteria.

I will take a look at EDG and thank you for the interest.

[monkey puzzle] 03/3/2013 18:57

PP,

Not a bad portfolio so far..

Might I suggest EDG could be one worth considering for your consideration?

[professor pettigrew] 03/3/2013 17:38

Here are the price changes from the creation of this thread on Feb 12 - exactly 3 weeks ago, to the close on Friday Mar 1.

I will post a regular monthly update from now on.

STOCK FEB 12 MAR 01 +/- CHANGE
PRICE PRICE %

EasyJet
(EZJ) 975p 1018p +43p +4.7%

Nostra Terra
(NTOG) 0.58p 0.58p unch unch

Media Corp
(MDC) 0.17p 0.13p -0.04p -22%

Publishing
Technology
(PTO) 220p 215p -5p -2.5%

W S Atkins
(ATK) 832p 891p +59p +7.1%


Of the above stocks, NTOG should be releasing an RNS this week with details of a preliminary hearing in the US of a compensation claim, and results are imminent from PTO.