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PIP Pipehawk Plc

1.35
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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 0.00% 1.35 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.20 1.50 1.35 1.35 1.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Indl Mach & Eq, Nec 6.47M -2.48M -0.0684 -0.20 490.22k
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.35 GBX

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Posted at 21/11/2024 08:20 by Pipehawk Daily Update
Pipehawk Plc is listed in the General Indl Mach & Eq, Nec sector of the London Stock Exchange with ticker PIP. The last closing price for Pipehawk was 1.35p.
Pipehawk currently has 36,312,823 shares in issue. The market capitalisation of Pipehawk is £490,223.
Pipehawk has a price to earnings ratio (PE ratio) of -0.20.
This morning PIP shares opened at 1.35p
Posted at 19/8/2024 15:29 by eezymunny
What's the net asset position of the company at the last balances sheet date Citys2874?

Or haven't you looked?

Last time I looked PIP was balance sheet insolvent to the tune of millions of pounds.

I can't believe anybody is so terribly lazy, dim, or naive to have missed this....
Posted at 11/7/2024 11:57 by kingston78
I don't scrutinise all the details about directors' loans and accrued fees. I invest when I see an opportunity. If you worry too much about liabilities, even an FTSE 100 company can go bankrupt, which has happened.

I look at human psychology and the way share prices move, in a wave form, similar to that in nature. They go up and they go down. I am catching an up cycle.
Posted at 11/7/2024 11:06 by eezymunny
Kingston78, are you the latest in a great big line of "investors" who haven´t noticed that PIP never make much in the way of profit and owe the directors very significant sums?

"In addition to the loans I have provided to the Company in previous years, my fellow directors and I have deferred a certain proportion of our fees and interest payments until the Company is in a suitably strong position to make these payments in full. During the six months ended 31 December 2023, these deferred fees and interest payments amounted to approximately £82,000 in total, all of which have been accrued in the Company's interim results, and at 31 December 2023 amounted in total to £1,865,000"

The parent company is balance sheet insolvent to the tune of 6 million quid (see annual report 2023).

And from the AR "16 Borrowings analysis (continued) Directors’ loans Included with Directors’ loans and borrowings due within one year are accrued fees and interest owing to G.G Watt of £1,783,000 (2022: £1,644,000). The accrued fees and interest are repayable on demand and no interest accrues on the balance. The director’s loan due in more than one year is a loan of £2,501,000 from G.G Watt. Directors’ loans comprise of two elements. A loan attracting interest at 2.15% over Bank of England base rate. At the year-end £1,501,000 (2022: £1,750,000) was outstanding in relation to this loan. During the year to 30 June 2023 £393,000 (2022: £200,000) was repaid. The Company has the right to defer payment for a period of 366 days. On 13 August 2010 the Company issued £1 million of Convertible Unsecured Loan Stock (“CULS”) to G.G Watt, the Chairman of the Company. The CULS were issued to replace loans made by G.G Watt to the Company amounting to £1million and has been recognised in non-current liabilities of £2,501,000. Pursuant to amendments made on 13 November 2014 and 9 November 2018, and 30 June 2022 the principal terms of the CULS are as follows: –The CULS may be converted at the option of Gordon Watt at a price of 3p per share at any time prior to 13 August 2026; –Interest is payable at a rate of 10 per cent per annum on the principal amount outstanding until converted, prepaid or repaid, calculated and compounded on each anniversary of the issue of the CULS. On conversion of any CULS, any unpaid interest shall be paid within 20 days of such conversion; –The CULS are repayable, together with accrued interest on 13 August 2026 ("the Repayment Date"). "

PIP is a zero waiting to happen IMO. Even if it survives, the chances of shareholders getting any return is very miserably low. All those loans have to be paid off at some point.
Posted at 11/7/2024 08:49 by kingston78
The share dropped like a stone from over 8 p to 2 p recently. Now it has shown a bit of life, crawling slowly upwards for two days. I feel that it will partially retrace by up to 50% of the loss, to reach something like 4 p which is a realistic target.

The proposed winding up of a major loss making subsidiary is no bad thing. It will not impact on the holding company. Creditors will bear the brunt as usual. Anyway, management will now focus on the remaining trading subsidiaries. Hopefully, that will improve their trading, as more resources are now available to them.

This company has a tiny market capitalisation. It would be great if it were used as a shell for a profitable private company to reverse into it.
Posted at 05/7/2024 07:22 by eezymunny
"EezyMunny - 29 Nov 2023 - 09:18:24 - 896 of 902 Pipehawk..tiny company winning big contracts ! - PIP
If you hold this you've chosen to ignore the awful history of losses and the millions and millions of liabilities that would need paying down ahead of any benefits to shareholders.

The wildest of stupid punts IMO.

Sympathise I shall not if/when the curtain closes on this..."


This was always going to happen IMVHO. Holders should learn to understand balance sheets. Dimwits, some may say...
Posted at 05/7/2024 06:44 by someuwin
Wow - QM going into administration! PIP must be deader than Sunak now.
Posted at 23/5/2024 10:40 by photon
Looks like they are starting to deliver on the potential that got the share price excited 2 or 3 years ago and that has been prompting Lobbenberg's buying.
Posted at 17/2/2024 11:53 by z1co
I like to BUY shares in companies that have started to trade strongly and the market has not realised yet of their strong trading.

PIP falls in that category as does SUN and BOOM.

Last year my similar research led me to buy CSFS in which the share priced increased by more than 5 fold in 12 months.

btw CSFS also had an outstanding debt at the time but it's now cash positive.
Posted at 17/2/2024 09:23 by z1co
PUGUGLY,

We are already aware of that as is the market !!!

Your deramp will NOT bring the share price any lower , if that is your intention.

What we all want to know is how well the company is trading so far in H2.Prior to the recent contract win the company was already trading at record levels.

The company could well be even trading ahead of expectations.Keep an on the share price if indeed the company is trading ahead of expectations.

We will find out next month when they announce their interim results.
Posted at 29/1/2024 21:34 by z1co
Hi nico

First of all well done on you're investment in CSFS.

I've spent many hours doing various research on PIP.The company has managed to turn around a very difficult 18 months or so and are now once again trading very strongly.

QM Systems was trading at record levels prior to this contract.

The current year will be a record , the shares took a battering over the last two years but will now start rising once again having reached the lows in December 2023.

Once the company confirms this strong trading via a TU or interim results the share price will take off.

If the company maintains this strong trading over the next few years then the share price could well exceed the previous highs set in 2022.

As always dyor etc.
Pipehawk share price data is direct from the London Stock Exchange