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POGL Plant Offshore

1.01
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.01 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Plant Offshore Share Discussion Threads

Showing 101 to 125 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/5/2008
22:28
From today's online IC:

Plant Offshore unfairly neglected

Created:
19 May 2008
Written by:
Nigel Bolitho

The shares of companies supplying the booming energy industry should be riding high with the price of oil well over $120 a barrel, but not Malaysia-based Plant Offshore Group (POG). It came to Aim in July 2007 via a £2m placing at 12p. After some initial excitement the shares have fallen steadily in value during 2008. Yet the latest results are impressive - particularly in sterling terms, with sales up from £4.2m to £14m and profits almost three times higher at £2.3m. On the same basis, earnings rose from 0.47p to 1.29p. Behind the sparkling 2007 figures were significant revenue contributions from a biodiesel plant built in east Malaysia and contract work for one of six fabricators licensed by Malaysia's state oil company, Petronas.

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POG supplies engineering, procurement and construction management services to owners or turnkey contractors on energy plant projects. Malaysia has been the mainstay of the group to date but it's eager to expand geographically. As a result, it has set up a subsidiary in Indonesia and a joint venture in Australia. It also hopes to win contracts in Vietnam and the Middle East.

In fact, the group is confident of announcing more contract wins this year. In 2007, it achieved the turnover figure that broker Hoodless Brennan predicted for 2008 last September. So why does the share price languish? Perhaps surprisingly, according to POG, it's not shortages of materials that can delay projects but banks being more cautious in providing finance.


IC View
Buy

POG is modestly rated despite there being lots of energy project work in the Pacific Rim. The shares are a speculative buy but are tightly held.

penpont
15/5/2008
07:25
ppo, i think the main reason is that investors seem to have shown little interest in it. Day to day there is little volume traded. There are minimal posts on the BB's and no sign of any rampers/doom merchants. This suggests to me that most holders are long not short term traders. The results are good and i guess we just have to wait for the market to catch up and take an interest in POGL.
rokkie
15/5/2008
06:25
Can an explanation be given for the weakness in share price especially in view of recent fab results? Please, and much appreciated.
ppowerscourt
12/5/2008
08:49
I'm assuming this is the plant that POGL are working on for Plant Biofuels Corp.:



Original plan for production was Q1 2008, now slipped to Q4 2008. Hopefully POGL will receive final payment post commissioning in July.

taylor20
12/5/2008
08:42
I presume HB will be producing a note in short order, points of note for me:

Revenue, Profit & PBT all exceed HB's upgraded (post interim) forecasts comfortably.

Areas of concern pre-results, are 'higher' then expected, i.e. Payables & Receivables growing substantially - hopefully a sign of growing business and not contract disputes or timetable slips. Accordingly net cash is also a lot lower than expected, and secured borrowings a lot higher.

Certainly not without risk, hence the not unexpected discount, but once through this cash hiatus, rewards could be substantial.

Would be nice to see some of those expected contract awards in the next few months, as well as RNS's relating to major contract completions.

taylor20
10/5/2008
20:13
Plant Offshore Group Ltd. posted an increase in full-year pretax profit on higher revenues and said it is optimistic of gaining further contract wins in due course.

For the year to Dec. 31, pretax profit rose to 2.3 million pounds from 0.83 million as revenues in the period more than trebled to 14.0 million pounds from 4.2 million, exceeding the company's initial expectations.

This could have been the course of the increase in trades and the rise in price on Friday on this stock.

Check out the full news on this News link.

flyingswan
10/5/2008
20:07
interesting results and sales progress show here however under rated and lack of news flow may be contributing to the share price
todworth
10/5/2008
11:20
HB Winter report showed a very interesting take on POGL's position and it's included in link below.



According to their reserach 95% of shares are held by major shareholders, so it's no wonder a few buys can make this jump big time..

james t kirk
10/5/2008
11:15
Hopefully there will be an update from Hoodless Brennan soon. Last July they had projected:

Revenue £12.2m - exceeded by £2m
Pre Tax £2.06m - exceeded

And at 13.5p they had this as a buy, so at 9.5p this must be re-rated by them?

james t kirk
10/5/2008
06:12
Excellent yearly results. But no radar tuned in!
ppowerscourt
09/5/2008
07:17
On a current p/e of @ 7 makes these very cheap, just need the markets to wake up to them..
james t kirk
09/5/2008
07:10
"In the period under review, the Group's financial performance saw a significant
improvement over the previous year. Revenues were RM96.3 million, an increase of
233% compared to RM28.9 million for 2006. Operating profit increased by 184% to
RM16.6 million (2006: RM5.8 million). Profit before tax improved by 188% to
RM16.3 million (2006: RM5.7 million). Basic earnings per share rose by 171% to
RM0.088 (2006: RM0.033)."

-great stuff now if we can just get the share price to move up to somewhere near where i bought in i'd be alot happier.

rokkie
09/5/2008
07:06
Flyingswan i think the final results confirm the end of the down trend, wow, they look pretty good on first inspection.
rokkie
08/5/2008
14:36
This stock appears to have brocken out of the down trend. I would be pleased if other could confirm this? Thanks - George
flyingswan
07/5/2008
18:33
Not confidence inspiring. Although having held on this long, may as well wait for results, whatever they may bring.
taylor20
07/5/2008
16:45
No results then
hope67
06/5/2008
08:51
Well results should see turnover up significantly on interims and if they can achieve same sort of profit margins as before then it will be on a very low forward p/e. New joint venture announced last year should also be earning enhancing for 2008, so if they can keep the markets more aware of progress then this could be a very big share this year.
james t kirk
01/5/2008
12:14
taylor20 - Thanks
affc21
01/5/2008
11:47
For info:

From HB: "We expect the figures to be announced next Tuesday, 6th May"

taylor20
30/4/2008
07:11
My neck has grown longer from waiting!
ppowerscourt
29/4/2008
08:55
Investor Relations/newsflow - not one of there strong points.
affc21
29/4/2008
08:52
Doubly frustrating!
james t kirk
29/4/2008
07:48
Have to agree with you it is frustrating to say the least
hope67
29/4/2008
07:48
Have to agree with you it is frustrating to say the least
hope67
29/4/2008
07:45
I've never seen a company who keeps their shareholders so badly in the dark regarding their activities. The website is hardly informative and the RNS's are few and far between to say the least. You would think that as long as performance has continued to be good that share price could perform well but they really need to step up information to markets - unless they really have nothing to say?
james t kirk
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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