Share Name Share Symbol Market Type Share ISIN Share Description
Pipehawk Plc LSE:PIP London Ordinary Share GB0003010609 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 5.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.00 6.00 5.50 5.50 5.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 6.68 0.01 0.91 6.0 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.50 GBX

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Date Time Title Posts
14/5/202013:46Pipehawk - FANTASTIC RECOVERY STOCK482
10/8/201812:33Pipehawk (Ground Probing Radar Technology) - My Tip for 2004/5847
16/8/200108:55PIPEHAWK DOWN10

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Pipehawk Daily Update: Pipehawk Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker PIP. The last closing price for Pipehawk was 5.50p.
Pipehawk Plc has a 4 week average price of 3.75p and a 12 week average price of 3.50p.
The 1 year high share price is 7.60p while the 1 year low share price is currently 3.50p.
There are currently 29,687,181 shares in issue and the average daily traded volume is 78,214 shares. The market capitalisation of Pipehawk Plc is £1,632,794.96.
123prezzie: Continuing the analysis of shareholding shown in the 2017 accounts (post 320)and looking at potential exercise of options and conversion of the CULS. The figures following have been rounded. I don't hold any shares but used to and do follow the company. The figures and opinions are mine - DYOR. If the prospects are good it would be reasonable to allow for conversion/exercise of options/warrants/CULS up to a 5p exercise price but not G Watt's 3.7m options at 13.5p. This would increase the issued share capital to about 61m (from the current 33m)and reduce total borrowings from £5m to £3.8m. A share price of 5p for 61m shares values the increased equity at £3m. On the face of it this looks cheap but I think the borrowings have to be brought into the equation, giving us a total of £6.8m. There are tax losses/credits of £3m but a lot of these may be tied to the GPR products which remain pie in the sky. However, we can assume that any significant profits from QM would be tax free for a couple of years at least. If Group profits of £0.5m (before interest) could be achieved, our £6.8m valuation of shares plus borrowings gives a 'p/e' of 13.6 and a multiple of about 1x sales. So, even allowing for all the borrowings, a price of 5p doesn't look unreasonable. The psychological problem for long term holders (and the directors)is that they really need a price of 10p (and preferably 20p!) to reward them for their initial investment and all the work put in. If I were thinking of investing I would want to look a little more closely at QM's current business mix. In the past they had lumpy contracts with little purely repeat business. I think the potential must really lie in a trade takeover particularly when looking at the ages of the directors. If QM is coming good and can perform consistently, then it is possible to envisage a trade buyer for PIP at 10p or more. They could knock £200k off the overheads, absorb the lumpy contracts and get some good synergy on top.
glennborthwick: Market cap still only 1.5 million against orders this month alone of about half that. Share price would be a lot higher if we hadn't had the false dawns before. Might buy another 50000 to see if this is the time they have finally got something moving. It feels like it.
glennborthwick: Sounds good Share price could use it
glitter2: And another couple of weeks without results. I assume that you were in contact with Gordon Watt who is one of the few CEOs who will respond to emails and usually promptly, he also seems to have funded the company personally over many years during a turnaround. This improvement is yet to be consolidated as is the long term answer to the loans from Gordon, but like the others who hang in here, we live in hope. My criticism of the company is that they are not shareholder friendly and Gordon seems to be unaware of share price fluctuations let alone offer an explanation for them. These results could be crucial and reflect real progress, but why the delay!
glennborthwick: Is there any broker forecasts. I really think I qm could be storming these new contracts. If they've make 250k we should see market cap of 3 million share price 10p plus.
glitter2: I agree. Last time It happened and there was nothing reported I contacted Gordon Watt. I got a reply which was nice but response showed that they didn't watch their share price on a day to day basis.
gnnmartin: 123Prezzie, yes (answering your question on the RNVO board). I liked what I heard at the PIP AGM enough to buy a few more when the rather disappointing interims pulled down the share price. Just holding and hoping. Nigel Martin
glennborthwick: Pipehawk has a chequered history however the last 6 months have been transformational. PipeHawk plc is a dynamic business offering advanced engineering solutions to challenging technical requirements across many industries. They are the global market leader in ground probing radar technology with many applications including civil engineering and land mine detection. The technology provides a superior detection of hidden underground objects and features, dramatically reducing risk, improving safety and saving substantial time and money during identification and excavation. Adien Limited, a wholly owned subsidiary, is a leader in the field of utility detection and mapping. Its survey teams provide information that is critical in the design processes of almost all construction projects that involve breaking the ground. QM Systems, a division of PipeHawk PLC, is a market leader in providing solutions and services for electronic system design and manufacture, test equipment, transfer systems and automation and assembly solutions to the automotive, aerospace, rail and other related industries. QM systems is the main growth element. QM Systems In the last period under review, progress at QM Systems has been excellent. As anticipated, the company has transitioned through a rapid phase of growth with sales growing by 105% to £3.273m and a very healthy profit being achieved. QM's highly skilled workforce has significantly increased in size adding further skills in product handling and conveying systems to an already diverse skill base. Project sizes have increased with two projects completed with a value well in excess of £1m each. To accommodate the growth in business QM is currently expanding its manufacturing and office facilities in its Worcester facility, this expansion will effectively double manufacturing and office space available. The order intake for the beginning of 2013/14 FY has been buoyant with a number of new client relationships established as well as continued growth with the existing client base, which it is believed will lead to further growth in revenue and profit for the current year. AGM COMMENTS SUGGEST TURNOVER FOR QM ALONE COULD BE 5 MILLION AT GOOD MARGIN. I EXPECT UNDERLYING PROFITS ON 1 MILLION PUNDS FOR 2014 so the downsides. THERE IS BASICALLY ONE. DURING THE BAD TIMES THE CHAIRMAN LENT THEM MONEY AND STAFF DEFERRED WAGES.THIS MAKES THE BALANCE SHEET LOOK TERRIBLE however he seems happy to let it ride till the company is stronger and a swap of some of it for equity then away we go. My initial target is 10p sometime following the interims. Sales New Clients secured – Denso, Mann & Hummel, Panasonic, Safran, Southco New projects with JLR for ACC and Clutch fitting system for new F-Type Jag New production line project with KBRS Major modifications to new CAT line to accommodate new variants New production line for Denso Two new machines for JVM New opportunities Significant new business opportunity currently out at quotation with existing and new clients Several Potential new clients Development of next generation CAA with Magna and KBRS Repeat Business Developments Delivery of 9 Relay setting stands to Invensys rail (now Siemens Rail Automation) Panel Build for medical industry several hundred thousand per annum Resource Recruitment of 1 new mechanical design engineer Recruitment of Manufacturing Manager Roll out of Sage across purchasing and goods in departments Expansion into new facility completed and functional Double digit growth in revenue. Ensure profit margins achieved in 2012/13 are maintained Further improve stability through New clients in new and existing industries Mix of large, medium and small projects Client retention Improved cashflow Establish service business model Focused push on electronics and software business unit Recruited new sales executive to lead this Enables us to target new clients outside of our existing network List X facility requirement for some contracts Increase our facilities New production facility adjacent to existing facility doubles our workshop area Currently seeking planning approval to build new Laboratory with office above THE MARKET CAP IS JUST 1.9 MILLION AT 6P. WITH UNDERLYING PROFITS AT 1 MILLION I EXPECT THE SHARE PRICE TO BE AT LEAST 10P. THIS IS CHEAP EVEN ALLOWING FOR THE EQUITY/LOAN PAYBACK.
123prezzie: The results were announced on 22 Oct last year. The delay this year is slightly disturbing - on the other hand, the share price suggests good news. Could they be holding back to include an additional announcement? The only two things that matter in the short term at PIP are continued progress at QM and reducing the substantial cash outflow on the Ground Probing Radar equipment development. An increase in infrastucture spending will help GPR. In the longer term, it will either be a process of attrition to reduce the borrowings or, with luck, an injection of capital from the sale of the GPR equipment division.
glitter2: If you look at the share price over the last few years you will see that a bit of good news causes the share price to rise considerably and then people look at the debt/loans from directors to the company etc, and it is clear that any recovery in the share price will be a long slow process. I am losing a lot on this investment and have no real hope of recovering that loss, but if you know of any good news then please let me hear it..... or are you just keeping the BB alive?
Pipehawk share price data is direct from the London Stock Exchange
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