Plant Offshore Share Discussion Threads

[philjeans] 06/8/2007 15:14

200K plus of BUYS today - won't be long before this breaks up.

[ppowerscourt] 31/7/2007 12:01

14000 shs sold brought the share price down.

[philjeans] 29/7/2007 09:00

Wow!

Only 6% free float, normally available to trade?

That's miniscule.

[ppowerscourt] 28/7/2007 18:12

166,666,667 less major institutional holgings of 158,333,333 is the free float.

[philjeans] 27/7/2007 16:49

Do you know the free float?

Seems this'll move on relatively light trading.

[ppowerscourt] 27/7/2007 16:34

Hi philjeans, glad to have you aboard.

Look, POGL escaped the present market carnage. Silver lining indeed.

[philjeans] 27/7/2007 15:19

Picked up 24k here today - has been overlooked.

Getting the oil out is a huge problem currently - insufficient drills, rigs and expertise.

This looks a golden opportunity - it'll fly once people cotton - get in now.

[nouf2] 22/7/2007 21:48

quintons - i think most fear the lack of info on the management, stating the obvious i have tried to source info on the management without much luck, another stock that was with a managemnet with out a pedigree is ZEN, (no ramp intended and look where that is nearly a 3 bagger from the IPO date)i think a steady source of positive news should see this start moving north once the news start flowing, early days,, but should turn very soon IMO i await with interest

ppowerscourt - i think with the fear of $80 a barrel and climbing. there is a fear of economies, high interest rates along with infaltion are not good for any economy, and have started to put fear at the slightest hint of a global tun down, you only have to look at what happened to the DOW this week, on the sub prime news, and with bernake`s sour news people running to protect their interests, HTG, dropped nearly £1.10 on a EX-divdned day 13th july, only to re-bound back, this i think was the cause of the other oil services shares dropping back. IMO

[quintons] 21/7/2007 16:45

the disinterest? I have no idea ppowerscourt, I would put it down to the profit takers as you mentioned, thinking backward, I did tell myself 21p should be the upper limit of a "safe" price, then 32-35p "mid" and 40p+ "high" risk price. I did not sell at 21, I went for the mid price, but I am glad I did not take the profit at that time even though I could of brought back in at a lower price.

As we all know every stock has its ups and downs, we lose and we gain... I am sticking to my pricing plan on the bases of at least half the tenders being pulled off and thus a price of 32-35p I am aiming for. although I would not normally mention the quantity I do have 25,882 shares, I sold 10,000 shares at 17p to move into another stock (ZGP), and there I am staying for the forseeable future unless 1) ZGP does not become positive in the next 2 months time and thus I shall sell all ZGP's shares, or, 2) POGL moves north at a fast rate and thus will dilute ZGP and buy more into POGL.

I would buy into POGL even more if I could, except I tend to keep a degree of saftey margin as we all should with any share trading.

I await upon a broker giving a report on this share and/or an RNS from the comapny, I would be surprised if we did not have neither over the coming month.

to mention (and I am sorry to be a parrot),

55mln tenders in place,
14mln contract signed for over the next 5 years (value to the company share 2mln per year),

starting IPO 21.2mln with a placement starting at 12p,

taking into acount the past success of the company, and that only half of the tenders could be pulled off, then over the next 5 years the company would be worth roughly 70mln, thats over 3x the company from the listing of 21.5mln.

solid backgound as we all have mentioned.... I'm not one to be a parrot but, is this not a good investment choice?

of course DYOR (Do Your Own Reseach) but if anyone can tell me its a bad investment backing it up with figures - even prove me wrong as everyone is wrong once in a while - then by all means tell, but until then... well you know my thoughts.

Regards,

Quinton.

[westmoreland lad] 21/7/2007 16:39

ppowerscourt-- FWIW. I got a scaled back wedge of these in the IPO
at 12P and will not sell any for at least 2 years. My brokers did
the leg work and much of what they told me is contained in your's
and Quintons post above. Not my normal type of share--a bit too
safe for me.
Good luck, and lets see the profitable contracts roll in !!

[ppowerscourt] 21/7/2007 14:20

My lowest purchase was at 14, however, also bought twice during an intraday high at 22.

Immediately when the share price hit 22, big sells surfaced (profit-takers who got in at 12, most likely). What caused the sudden disinterest after the first few days?

Other similar shares are Hunting Gibsons, Petrofec, Sondex. See their graphs.

[nouf2] 20/7/2007 13:08

As this has just come to the market, i think people will be waiting for the first positive bit of news, only then will it be on peoples radar`s, i myself are sitting it out waiting for such news, if the company can deliver like the previous contracts and can deliever the contracts it has tendered for (as these would catapult it into the limelight) IMHO, then i think the next bit of solid contract news would see it turn, this is just ones of those you will have to wait it out, just needs some news, still early days, the price will more likley drift back untill such news, with bored PI`s getting out, patience is the key with this one, it is on my watchlist, watching like a hawk, still difficult to obtain info on the managment, which i think will be the key

Good luck

[andrbea] 20/7/2007 12:20

Offering a high-growth play on the oil price as well as renewable energy, and forecast to grow pre-tax profits from £855,000 to an impressive £2.1 million in 2007, Plant Offshore should receive a warm market reception. Watch this space for further developments.

[quintons] 20/7/2007 09:37

ppowerscout,

How do you find the brokers notes? is there a way of being alerted to such a thing?

I have invested into this company and bealive in it a great deal, did not invest on a whim, did my own research and as you say a solid company with low overheads being based in Malaysia.

but we are in early and just time will tell when it moves north wards. I am keeping it for at least the next 4-5 months and reassess, then potentially top up.

Quinton.

[ppowerscourt] 19/7/2007 09:16

Have been buying steadily piecemeal since IPO. Also intend to hold for a while. I think its future is good---location central to on- and offshore oil exploration in SE Asia, sourcing personel to work as far afield as the Gulf states, profitable biz model, management board is high calibre (IMO), Malaysia as low-cost base provides good future growth.

The downside is it's not widely known yet. Awaiting brokers' notes.

[quintons] 18/7/2007 20:28

Hay there,

is there a target price for this stock? has there been any broker news on potential target in the medium term? and if the £55m tenders are pulled off, or even half are contractualy signed, when is that to be? 5, 10, 20 months time? or sooner.

I am in this for at least the medium term, would like to know more info on the company as far as tagets.

Many thanks,

Quinton.

[westmoreland lad] 16/7/2007 22:52

Nouf2-- thanks for u posts 11 / 12 with the detail.
Thats eNouf for me at the mo-- just back at desk
and need to digest the facts. Clearly this looks
a good investement opportunity.

[quintons] 16/7/2007 22:05

p.s. not overly confident = realistic.

[quintons] 16/7/2007 21:55

concdering there was a 35000 volume buy at the end of today, maybe feasable that it would go up, all depends on others and if other traders are sure enough to buy in.

I am looking at the £55 million potential contracts that they have placed tenders in for and also the current just over £14 million contract that is in place now and runs over the next 5 years.

this has a good potential to rise significantly all depending on how fast the company moves and succeeds on each new contract.

I estimated (I could be very wrong) that if they pull off even half of the tenders it can have the possibility of making the company worth 33-35p.

I hate making predictions, and very rarly do so, but I do think it could move at least to the above mentioned price.

do put in your 2 cents if you think differently as always I do like to hear other peoples views. Still the price does depend on investor confidence... I am confident... but not overly so.

Quinton.

[ppowerscourt] 16/7/2007 20:38

Just got in, and equally shocked to see intraday decline. I had expected more staying power than it has been.

IPO price was at 12p. So profit taking at morning's 21p would be a good reason.

[quintons] 16/7/2007 20:13

Hi All,

and a good evening to you all,

From the trading that has been going on today, and also the 35,000 volume buy that just got in at end of trading, were do you see the price of the shares going tommorrow?? any thoughts? I am sceptical, but also open to a price rise still will it? or do we just wait and see.

I have just over 35400 in volume of shares, potentially invest more, comments and points of view are welcome.

Quinton.

[andrbea] 16/7/2007 10:38

125k buy (explains the need for a nice, study shake)

[ppowerscourt] 16/7/2007 09:08

no stock about!