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POGL Plant Offshore

1.01
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plant Offshore LSE:POGL London Ordinary Share JE00B1XVTV01 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.01 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.01 GBX

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Plant Offshore (POGL) Discussions and Chat

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Date Time Title Posts
17/1/201518:02PLANT OFFSHORE GROUP (POGL): CHART AND DISCUSSION THREAD135
05/12/200910:06Plant Offshore Group129
04/6/200821:07News Release on the 9 May Year End Results look Good1
03/6/200816:31Plant Offshore Group2

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Posted at 10/11/2011 12:08 by bill182
For anyone still holding shares in POGL, I have been posting further information on the Interactive Investor bulletin board. Some positive info I think!
Posted at 26/3/2010 14:23 by bill182
For those not familiar with the RFC investment, POGL have circa £6m pounds invested. RFC own three refineries, one of which is currently producing biodiesel and glycerin and is based in Malaysia. The plant can produce biodiesel from both palm oil and other feed-stocks, and should therefore benefit from the increased demand that should follow from the introduction of the mandate.
Posted at 26/3/2010 13:42 by bill182
Hot off the press...article in Biofuels International. IMHO has very positive implications for the RFC investment.

Malaysia will use biodiesel by next year
26 March 2010

In Malaysia the national government will introduce a B5 biodiesel mandate by June 2011.

Malaysia is the world's second-largest manufacturer of palm oil, the prime feedstock for the B5 mandate. However palm oil is not received well by environmentalists who claimed the plantations destroy the environment and wildlife habitats.

Malaysia initially approved the B5 law back in 2006 but it was delayed due to changes in the cost.

The Plantation Industries and Commodities Ministry said in a statement that the policy 'will benefit the country as biofuel is environmentally friendly and it will reduce our dependence on petrol diesel. It will also strengthen the palm oil prices and enable the partners, especially smallholders, to benefit from the stronger palm oil price.'

The government says that turning to renewable fuels will help lower the prices of fuel in Malaysia, where petrol is subsidised. It added that the mandate will encourage motorists to fill up with biodiesel after high prices was putting customers off.
Posted at 26/2/2010 10:23 by bill182
Hi FlyingSwan, no news on RFC, other than they are producing and selling product. My views have not changed on the prospects for POGL, the oil price is going up and many pundits reckon it will break through the $100 per barrel in the medium term. This will help POGL across all of their businesses and further the ongoing interest in renewable fuels.
The share price has been dropping on very small sales and I view this as a buying opportunity. I have just purchased a small amount, and will add to my holding when I can transfer some further funds.
The main problem is the lack of news from the company which makes many PI's nervous. The preliminary results are not due until May, but we already know from previous announcements that the results will not be brilliant.
News of a contract win or further developments with the RFC investment is needed to give the share price a lift.
All IMHO of course.
Have a good weekend.
O13
Posted at 23/11/2009 14:09 by flyingswan
Itsaduster ... You may have missed this article so I thought I would post it here to save people having to look it up themselves - Great News:

RFC Announces Plant Offshore Group Transaction
LAS VEGAS, October 29, 2008 – Renewable Fuel Corp, Inc (RFC) a leading producer and supplier of biodiesel and biodiesel blended fuels in North America and in key International markets is pleased to announce today that Plant Offshore Group Limited (POGL) a leader around the world in Engineering, Procurement and Construction Management ('EPCM') services, engineering design software and rubber seismic isolation technology have concluded an investment transaction. The investment in RFC will give POGL a critical opportunity to leverage its expertise in the area of green fuel technology. The RFC biodiesel product uses only renewable and sustainable feedstocks and is produced in one of the world's newest and most technically advanced facilities in Kuantan, Malaysia. The value of the POGL transaction is approximately $9,171,000 USD and supports the restructuring efforts of one of RFC's recent acquisitions Century Corp Sdn Bhd (Century) through RFC's wholly owned subsidiary Bio Refining Industries, Inc (BRII).

"We are proud to have an ongoing working relationship with RFC, the perceived market leader in the US biodiesel industry and will be one of the largest producers in the world within the next few years. We believe our interest in RFC will enable POGL to participate in the booming biodiesel and blended fuel industry in the US and key international markets," said Hang Chin Juan, Chief Executive Officer of POGL. "We share the same vision as RFC, that the worldwide biodiesel market represents excellent opportunity. We intend to play a role in supporting RFC's strategy to build diverse, worldwide green fuel facilities using our EPCM expertise."

"We are building a company that can truly leverage the worldwide biodiesel opportunity," said William Van Vliet, Chairman of RFC. "The transaction with POGL is an important affirmation of our strategy to build a diverse worldwide green fuel company. As savvy business people we search for opportunity, as our recent turnaround efforts with BRII shows. We know how to acquire strategic assets and improve them for our use. POGL is a solid partner in our efforts to fulfill RFC's future technological requirements."

About Renewable Fuel Corporation

RFC is a premier provider of biodiesel and fuel solutions worldwide. The company operates a biodiesel facility in Kuantan, Malaysia that produces biodiesel for sale worldwide. RFC produces all of its biodiesel to ASTM and EN standards. RFC is a distributor of D2 diesel fuel; the company provides custom biodiesel blends enabling customers to meet requirements for renewable fuel mandates in both the United States and worldwide. The company's wholly owned subsidiary BRII recently acquired two companies with biodiesel projects in Indonesia which are part of the company's long term growth strategy to add facilities for biodiesel and the development of feedstock production for use by all of its biodiesel plants. For more information visit us at www.rfuelcorp.com .

About Plant Offshore Group Limited

POGL was incorporated in Jersey, The Channel Islands under the Companies (Jersey) Law 1991 on 14 March 2007, and trades on the AIM Market of the London Stock Exchange under the ticker "POGL.L". POGL is principally an investment holding company and has three (3) direct subsidiary companies, i.e. Plant & Offshore Corporation Sdn Bhd, Plant Offshore Pty Ltd and Rubber Seismic Isolators LGM Sdn Bhd, and four (4) indirect subsidiaries.
The services of POGL and its subsidiary companies are predominantly located in Malaysia. Services include EPCM, engineering design software and rubber seismic isolation technology. The EPCM services of POGL are supported by their experienced engineers and technical personnel and both the Group's proprietary engineering design software and rubber seismic isolation technology, which serves as the technology platform of the Group.

For Information Contact:
Renewable Fuel Corporation
+1.702-989-8978 ext. 1040
Posted at 19/11/2009 13:51 by flyingswan
I found this post interesting by Stock Junky on the III communty discussion board, and thought I would share it here:

Apologies for the delayed response. I've been suffering from man flu which everyone knows is a fate worse than death.

Why POGL? I started my research by studying the initial listing of POGL on AIM. As you are no doubt aware they listed in Jul 2007 and despite being fairly slated by many pundits the share price rose from 12p to circa 19p in the first week. The pundits were surprised because here we had an unknown Malaysian company trying to raise £2.6M on a UK market. The management team were unknown, their fundamentals were fairly sound but there was no evidence to support a rise, let alone the meteoric rise of 60% (I've read many posting from the private investors that were getting carried away at around this time and its the normal story with so many AIM investors. They let their emotions get the better of them and the amount of 'I'm in' postings at 14p, then 15p and then 16p etc are quite 'scary' and many of them were predicting the share price to reach 25-30p in the short term.) The listing was geared to raise £2.6m at a prospective price earnings ratio of approximately 12 times their 2007 estimates. This would have given them a market cap of circa £21.5m. At an share price of 19p this rose to approximately £32m which was 15 times greater than POGL's 2008 projections. There was absolutely no way POGL were going to secure sufficient new business / contracts by 2008 to justify and / or maintain this inflated market cap.

We all know what happened to the markets in 2008. POGL started the year on bit of a high, the share price had returned to a 'realistic' level and they reported very good results to Dec 2007 that exceeded initial expectations (they had trebled their revenue to £140 million). In any other year this would have had a very positive impact on the share price but 2008 was not like any other year. During 2008 they struggled to secure new contracts, existing contracts were de-scaled or shelved due to financial constraints and the little gem that was POGL was unceremoniously dumped on the pile of Oil & Gas Equipment Services' granite chips.

So why am I throwing my hard earned cash at POGL? They had the worse possible start to their AIM listing. The MM's and over excited investors artificially raised, lowered and once again raised the share price to a level that POGL management were never going to be able to justify via securing new business/contracts. During the recession they have managed to stay afloat and have been recognised as one of Forbes' 200 best Asian companies with under 1 Billion revenue. The DOW Jones Oil Equipment & Services Index Fund is currently up 20+% since July 09. The POGL management and sales team have managed to secure £2.18M new business to April this year. And so-on

1.5p per share for this Pacific Rim 'granite chip' is supposedly risky, but it's a risk that I'm willing to take and I'm putting my money where my mouth is. DYOR please, check out the details of the initial listing (they're very informative) and check out their latest progress and fundamentals. I have, and I believe this company is a 'little gem' sitting in a pile of 'granite chips'.

Yours

SP.
Posted at 09/11/2009 14:56 by flyingswan
Looking forward Plant Offshore Group POGL will benefit from the increasing price of long term crude oil prices. See the evidence below for more details:
Fears as prices of long-dated oil soar
By Javier Blas in London, Carola Hoyos in Balhaf, and,Gregory Meyer in New York
Published: November 9 2009 02:00

Long-dated oil prices have risen to within a whisker of $100 a barrel, in a sign that investors are expecting high prices to return after the recession.
The furthest forward oil contract traded on exchanges - the December 2017 futures - rose last week to $99.97 a barrel for the Brent benchmark and to $99.43 for the West Texas Intermediate, the highest since last October. The prices have risen by 10 per cent in the last month.
"The entire crude forward curve has moved up," said Michael Wittner, oil strategist at Société Générale. "We assume that investor flows have pushed up long-dated prices."
Long-dated oil prices are now almost $20 a barrel higher than two years ago, even though spot prices are much lower than then. Spot prices for oil ended last week at $77.65....
Posted at 24/10/2009 10:44 by flyingswan
I think POGL - Plant Offshore Group is a major winner, which has been over looked by the article below, in the FT.
It is a E & S Oil and Gas Company, working in the Emerging Markets, the shares are tightly held and only a few available to PI, which makes them volatile.



Small energy groups ride crest of oil price wave
By Neil Hume (FT)

Published: October 23 2009 19:53 | Last updated: October 23 2009 19:53

To some it's further evidence of a liquidity bubble, to others a sign of renewed investor confidence and rising risk appetite. Whichever view you subscribe to, there's little doubt that small-cap oil and gas exploration, where share prices have risen by five or six times in a couple of months, is one of the most exciting and dangerous areas of the London market.

And no stock is more exciting or volatile at the moment than Gulf Keystone Petroleum. Shares in the Kurdistan explorer have risen from 13p to 105p in the past two months following a big discovery in northern Iraq. The company is now worth just over £500m, and is one of the most popular stocks among retail investors, even though it does not know how much of the 1bn-5.3bn barrels of oil it has found can be recovered. It also needs to raise $80m-$90m to develop its oil field.

So what is driving the renewed interest in this most risky of sectors and can it continue?

One factor is the rising oil price. This is important because it makes projects viable and attracts investors to the sector.

Indeed, it is doubtful Desire Petroleum, which is looking for oil in the Falkland Islands, would have been able to launch a £62m equity fundraising this week if the oil price had not been about $80 a barrel. The same goes for Rockhopper, another Falklands explorer putting the finishing touches to a cash call of up to £50m.

Another is what might be called the "Gulf Keystone" factor. "There's real excitement in the sector again. Pick the right stock and you can make 10 times your money," explains one analyst, who adds that the attractions of investing in BP and Shell are not what they were. This is because many analysts think BP and Shell will eventually be forced to cut their dividends because they are finding it more difficult to replenish their reserves.

This may explain why a company such as Afren has strong institutional support. Its shares have risen by 600 per cent since April on the back of positive drilling updates from its prospects in Nigeria. The company is now planning to move from Aim to the main index and with a market value of nearly £700m it will be big enough to claim a place in the FTSE 250. But the most important factor behind the explosive share price movements in the sector has been the return of risk appetite. Fund managers and retail investors are prepared to put some money into these risky plays, in a way they were not in March.

Given the brighter economic outlook (and in turn the higher oil price) that is understandable, all the more so when one considers the recent success stories from the UK exploration and production companies (E&P). Cairn Energy and Tullow Oil have grown from humble beginnings to become members of the FTSE 100, while Emerald Energy recently agreed a £532m takeover from China's Sinochem and Heritage Oil could become a blue-chip company if it completes its merger with Turkey's Genel.

However, there are reasons to think that the share prices of small E&P stocks are starting to become a bit frothy and in some cases the exploration upside is already reflected in share prices. In fact, backing for this view comes from Hardy Oil & Gas. Its shares (which had risen 60 per cent in the past three months) slumped 41 per cent on Friday on news that the first exploration well on the D9 block in India had been abandoned. This was a real surprise to investors because Reliance Industries, India's largest private company, had made a significant gas discovery in a nearby field.

Traders say Hardy is a timely reminder of the risks of investing in the E&P sector, where, for every winner, there are three or four losers. But investors don't appear to be listening. Even after Friday's fall, shares in Hardy are only back to the level at which they were trading when drilling commenced.

All of which suggests that some of the cash that has been poured into the system by central banks has made its way down the corporate ladder and into one of the most risky areas of the market. And that means share prices can keep on rising even if they have lost touch with the fundamentals.
Posted at 01/10/2009 09:33 by flyingswan
Plant Offshore Group - POGL is an Emerging Market Share with huge potential. The chart is showing a BreakOut pattern forming – we have a key resistance level at 2p and with the current trading momentum we should break out above this level which will then form support of a new Trading Range for POGL. IMHO

About POGL:
POGL is the holding company of an established and profitable group of companies engaged in the business of providing integrated, multi-discipline EPCM services to the oil and gas (onshore and offshore), petrochemical, biodiesel, energy and other related industries. The group operates primarily in the ASEAN region but this focus is expanding, with the group having won contracts in the Middle East. The services of POGL are focused on EPCM services. This is broken down and incorporates the following features:
• ENGINEERING "E" - SPECIALIST ENGINEERING DESIGN SERVICES;
• PROCUREMENT "P" - THE PROCUREMENT OF THE RELEVANT MATERIALS AND EQUIPMENT TO MEET DESIGN SPECIFICATIONS SUCH AS SKID AND PROCESS EQUIPMENT; AND
• CONSTRUCTION MANAGEMENT "CM" - THE MANAGEMENT ON A CLIENT'S BEHALF OF THE CONSTRUCTION OR FABRICATION OF A PROJECT. THE SERVICES CAN BE PROVIDED, TOGETHER WITH MORE GENERAL PROJECT MANAGEMENT, EITHER IN TOTALITY OR PARTIALLY DEPENDENT ON THE CLIENT'S REQUIREMENTS. IN ADDITION POGL SUPPLIES INDUSTRY SPECIALISTS TO THE OIL AND GAS AND RELATED INDUSTRIES.
POGL listed on AIM, a market of the London Stock Exchange, in July 2007. For more information on the company, please visit www.plantoffshore.com
Posted at 29/9/2009 10:11 by flyingswan
As a Value Investor, I think Plant Offshore Group POGL has been overlooked by the market. Plant Offshore Group is a profitable comapny and has an Erning Per Share of 2.96.
It was floated at a time when Oil was experence the largest drop in value in a number of years. The share price has neaver had a chance to show its true value to the market.
Now the recession is over and old prices are going back to their true value, I feel it is time for POGL to start to rise to its True Value. IMHO, DYOR
See the basic date below:
Shares in Issue 166,666,667 (Ord 0.01p) SEAQ/Epic POGL
SEDOL B1XVTV0
Annualised Dividend - Dividend Cover -
Latest Pay date Latest Ex-Div date
EPS 2.96 Floated Jul 07
Market Capitalisation (£m) 2.083
Enterprise Value (£m) 27.728
Sector Oil Equipment,
Services & Distribution % of Sector by Cap 0.022
Industry Oil Equipment & Services % of Industry by Cap 0.022
Last RNS Announcement 15-09-2009
Listing AIM
Last Annual Results 02-06-2009
Last Interim Results 15-09-2009
Total Assets (m) 64.788
Total Liabilities (m) 26.452
Total Equity (m) 38.336
Cash & Equivalents (m) 0.840
Net Gearing (%) 39.532
Gross Gearing (%) 40.829
Net Assets (m) 38.336 Op
Cash Flow (m) 4.329
Debt Ratio 4.618 Debt-to-Equity 0.070
Assets/Equity 1.690 Cash/Equity 2.191
Quick Ratio 0.799
Plant Offshore share price data is direct from the London Stock Exchange

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