Oxford Catalysts Share Discussion Threads

[dmor] 26/3/2013 19:28

no bad news , promising financial future for ivestors in this AIM share presists

[wes1] 26/3/2013 18:17

IC

After a milestone year where it brought its gas-to-liquid (GTL) technology to the brink of commercialisation, Oxford Catalysts (OCG) aims to have its first commercial project to market in 2013. Having completed a major field trial and now with a manufacturing supply chain in place, the company has two revenue-generating projects due to kick-in during the second half of this year and has added four new clients so far this year.

Potentially its closest prospect is GreenSky London, a biomass-to-liquid jet fuel project set up by aviation fuels developer Solena Fuels, from which British Airways has agreed to purchase $500m (£315m) of jet fuel over a 10-year period. Oxford Catalysts is expecting to earn $30m during construction between now and 2015, plus ongoing revenues of at least $50m until 2030. The other is in the US, a downstream project using the GTL technology with petrochemicals refiner Calumet.

The company's extensively patent-protected technology houses the GTL process in modular units, allowing cost-effective deployment in remote locations and for lower costs, both onshore and offshore, upstream and downstream. "This is effectively an intellectual property business so partners are crucial," says chief executive Roy Lipski. "We have a relatively small cost base and can scale up pretty quickly."

Year-end net funds of £8.2m have since been bolstered by a £30m placing in January. Broker Numis Securities estimates losses of £9.2m this year, a £2.1m loss in 2014 and a profit of £12.7m in 2015 based on three orders generating revenue of £43.8m.

[sammy_smith] 26/3/2013 17:31

Listen to Roy Lipski, CEO of Oxford Catalysts Group - 2012 Final results, March 2013.

Click the link to watch

[gac141] 26/3/2013 15:22

Yes- Think OCG will rise well above this price in the coming months....

[jdb2005] 26/3/2013 15:20

Gac - seems like we have found a few more buyers following Numis write-up

OCG Bid: 154.5p Offer: 156.5p Change: 8.0p

Now: OCG Bid: 154.5p Offer: 158p Change: 8.75p

Someone is optimistic - Bought 1,050,000

[gac141] 26/3/2013 14:34

After a milestone year where it brought its gas-to-liquid (GTL) technology to the brink of commercialisation, Oxford Catalysts (OCG) aims to have its first commercial project to market in 2013. Having completed a major field trial and now with a manufacturing supply chain in place, the company has two revenue-generating projects due to kick-in during the second half of this year and has added four new clients so far this year.

Potentially its closest prospect is GreenSky London, a biomass-to-liquid jet fuel project set up by aviation fuels developer Solena Fuels, from which British Airways has agreed to purchase $500m (£315m) of jet fuel over a 10-year period. Oxford Catalysts is expecting to earn $30m during construction between now and 2015, plus ongoing revenues of at least $50m until 2030. The other is in the US, a downstream project using the GTL technology with petrochemicals refiner Calumet.

The company's extensively patent-protected technology houses the GTL process in modular units, allowing cost-effective deployment in remote locations and for lower costs, both onshore and offshore, upstream and downstream. "This is effectively an intellectual property business so partners are crucial," says chief executive Roy Lipski. "We have a relatively small cost base and can scale up pretty quickly."

Year-end net funds of £8.2m have since been bolstered by a £30m placing in January. Broker Numis Securities estimates losses of £9.2m this year, a £2.1m loss in 2014 and a profit of £12.7m in 2015 based on three orders generating revenue of £43.8m.

[jdb2005] 26/3/2013 14:01

Thanks gac - OCG has passed several milestones and its pilots have proved the technology works. Hence we can look forward to receiving Ventech's order for GTL plant and further orders in US.

[gac141] 26/3/2013 10:57

Oxford Catalysts Group plc (LON: OCG)'s stock had its "buy" rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a $2.70 (177 GBX) price target on the stock.

Oxford Catalysts Group plc (LON: OCG) opened at 153.90 on Tuesday. Oxford Catalysts Group plc has a 52-week low of GBX 116.208 and a 52-week high of GBX 201.00

[gac141] 26/3/2013 10:49

Solid set of results today. Plenty to look forward to in 2013..

Some highlights..

Field Trials

At the start of 2012, the Group announced the sale of a commercial scale FT unit (25 bpd nominal capacity) to a diversified energy company located in the Asia Pacific region. The unit was started up, run and has now successfully completed the trial. Results from this unit were consistent with what was demonstrated in the laboratory and during smaller scale field trials, and provided further confirmation of the technology's performance at commercial scale. The Group was able to take a number of potential customers to visit the trial site. The unit was run to provide detailed engineering parameters for the host's own planned medium-scale modular synthetic fuels plants, which it intends to pursue. Having completed the trial, they are now understood to be progressing with the next stages of engineering.

As previously reported, the Group's integrated GTL demonstration, which includes both its Steam Methane Reforming (SMR) and FT reactors, began operations in Fortaleza, Brazil in late 2011. This project has been funded and managed by Toyo and MODEC in collaboration with Petrobras. The demonstration is scheduled to continue throughout 2013 and is expected to be finished at the end of this year. The Group has now successfully completed 3 out of 5 milestone stages, in each case receiving a milestone payment.


Under the partnership with Ventech, Oxford Catalysts became Ventech's preferred supplier of FT technology for North America, and the Group granted Ventech non-exclusive assured access to its technology for North America. Concurrently, VPI made a $2 million equity investment in the Group's shares at a price of GBP1.35, representing at the time a premium of 44% to the previous day's closing mid-market price. As part of the partnership arrangement, Ventech committed to placing an order with the Group for reactors sufficient for the first commercial facility, at a total price of approximately $8 million. Contracts for this order are under negotiation and the Group is hopeful of successful conclusion before long.

Calumet's appointed third-party owner's engineer successfully completed a thorough review of the Group's technology, as well as Ventech's GTL design and other intended technology components. Calumet has communicated its interest in progressing with the more detailed engineering and market analysis for a plant of approximately 1,400 bpd; the exact commencement date and duration of which has yet to be finalised.

[arf dysg] 26/3/2013 10:14

Ta virry mooch!

[phsycho] 26/3/2013 09:57

Master Limited Partnerships I guess

[arf dysg] 26/3/2013 09:54

gac141 (1514)

"In this article, I pick three MLPs that have provided significant returns"


What's an MLP?

[mechanical trader] 26/3/2013 09:37

26 Mar Oxford Catalysts... OCG Numis Buy 149.50 147.50 177.00 177.00 Reiterates

177p share price target.

[mechanical trader] 26/3/2013 08:59

Full note here.....

[mechanical trader] 26/3/2013 08:55

Note from CITI GROUP this morning.....

Good newsfor OCG

Today's Top Calls

Global Oil Demand Growth – The End Is Nigh - The Substitution of
Natural Gas for Oil Combined With Increasing Fuel Economy Means
Oil Demand Is Approaching a Tipping Point
Europe, Global
The combination of an accelerating push to substitute natural gas for oil and
ongoing improvements in fuel economy is enough to mean that oil demand
growth may be topping out much sooner than the market expects. The shift from
oil to gas is already underway in the US, where the shale gas revolution is giving
a huge economic incentive to make the switch. As the US shift gains pace,
politics, greater natural gas availability and environmental concerns are
facilitating the trend globally.
Seth M Kleinman [phone]

[gwr7] 26/3/2013 08:04

The patent issues would be a concern for me. Pierre Jungels was previously chairman of Offshore Hydrocarbon Mapping, a company that collapsed after losing a long-running patent dispute. Apparently patents belonging to EMGS had been ripped off.

[tubbenden] 26/3/2013 08:03

::2013 looks set to be another pivotal year of commercial progress for the Group
::In addition to the announced projects, the Group has a strong pipeline of opportunities and is engaged in a number of other engineering studies.

Very good for me.

[mechanical trader] 26/3/2013 07:48

Very solid results.

Outlook

2012 was truly a milestone year for Oxford Catalysts, with the Group's offering emerging as the only smaller scale synthetic fuels technology to have been publically announced as selected for commercial projects. As we move into 2013, the drivers for our technology all remain strong: availability of cheap gas, particularly North American shale gas; concerns over gas flaring and energy security; and the desire for cleaner fuels. The Company has started 2013 well financed following a highly successful fundraising; with its technology well-proven and with the right partnerships and supply chain in place, as well as a strong, capable team, Oxford Catalysts is set for significant commercial progress.

[pugugly] 26/3/2013 07:33

Results cautious but optimistic looking forward - However all depends on the signing of contracts - Could (imo) lead to short term holders selling.



I hope I am wrong as the product seems fantastic and meets a number of market needs but management are being honest. There could be lots of jam tomorrow but the jam jars are still sealed shut.

(IMO) Declaration - I have held for some 4 years.

[gac141] 25/3/2013 20:59

INDIANAPOLIS, March 25, 2013 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced today the commencement, subject to market conditions, of an underwritten public offering of 5,250,000 common units. Calumet also intends to grant the underwriters the option to purchase up to 787,500 additional common units.

Calumet intends to use the net proceeds from this common unit offering, including a proportionate capital contribution from its general partner, for general partnership purposes, including working capital, capital expenditures, acquisitions and potentially the redemption or repurchase of outstanding notes.

[piadda] 25/3/2013 16:32

Good luck for tomorrow. I hope for at least a good outlook statement and wish for a big order RNS.

[gac141] 25/3/2013 13:32

In this article, I pick three MLPs that have provided significant returns to their unit holders. Thanks to strong business models, together with price appreciation, these stocks were also able to pay substantial dividends in the past years. These three stocks are Sunoco Logistic Partners (SXL), BreitBurn Energy Partners (BBEP), and Calumet Specialty Product Partners (CLMT). All three MLPs have constantly offered gigantic returns to shareholders over the past years. I believe that these MLPs can be a smart inclusion to any portfolio, whether it is focused on dividends, growth or both.

Calumet Specialty Products Partners L.P. is a producer of hydrocarbon products in North America. Over the years, the partnership has been returning substantial returns to investors. In the past year alone, the partnership has increased its distributions by 16.07%. Over the past five years, Calumet has been able to increase distributions by 44.44%. Recently, the partnership announced a quarterly distribution of $0.65 cents/unit. For the full year of 2012, the partnership paid distributions of $2.30 per unit.



CLMT Dividend data by YCharts

On the other hand, over the year, the stock has shown exceptional growth. Its stock gained nearly 43.56% in the last year alone. Moreover, as shown in the above chart, in the past five years, its stock gained nearly 188.6%. The stock is currently trading at attractive multiples based on P/S and P/E ratio of 0.5 and 11.1. However, with a forward P/E of 13.6, the MLP's price will steadily further appreciate.

Additionally, the partnership has shown an outstanding revenue and earnings growth over the prior three years. In the past three years, on average, the partnership has been able to grow revenues by 36.2%. At the end of 2009, it had generated revenues of $1,847 million, which enlarged to $4,657 million by the end of 2012. Additionally, since 2010, the partnership was able to enlarge earnings by 190 million.
Figure in Million
2009
2010
2011
2012

Operating cash flow
$101
$134
$64
$380

Capital expenditure
($24)
($35)
($49)
($57)

Free cash flow
$77
$99
$14
$323


Morningstar.com

Furthermore, Calumet has shown exceptional cash flow growth. Its operating cash flows are escalating at a strong rate; since2009 the partnership's operating cash flows grew by nearly $279 million. Additionally, at the end of 2012, the partnership was able to increase distributable cash flow by $21.5 million over the earlier year. This signifies a gigantic increase in distributions that can be predicted by seeing its outstanding financial performance.

[gac141] 25/3/2013 13:03

Thanks Jdb2005 might just do that.....

[tubbenden] 25/3/2013 10:52

i have topped up, 8000 share this morning. Hopefully some good news tomorrow!