Plant Offshore Share Discussion Threads

[flyingswan] 12/10/2009 09:58

Example of the Up Tern in the Oil and Gas Equipment and Service Sector – I feel we may soon be hearing the announcement of some new Contracts from POGL too. IMHO, DYOR.
Check out this article to see the new growth:

...Meanwhile, included within the 'blue-sky' yet to be factored into the upside of major engineering firms are opportunities within large-scale water projects. Water contributes around 10 percent of profits for Leighton, Worley Parsons, Downer EDI, Transfield Services and slightly more for United Group, and Citi expects these stocks to benefit from future desalination plants, wastewater treatments and pipeline projects.
While Leaning still believes Leighton, Downer and United Group are worth buying at current levels - on a 12 month outlook - he urges existing shareholders to maintain a core holding, while taking profits on recent gains. He recommends using the profits to lock-in exposure to contractors most likely to capitalise on the on the next round of contract awards once mineral, metal and green-fields projects are back on the table.
Leaning claims that a reacceleration of the Chinese economy, a slow reigniting of the US housing cycle, and an increase in infrastructure spending globally supports the view that commodity prices have embarked on another cyclical upswing. "Once mineral, metal and green-fields projects are back on the table; I expect four key stocks to be early beneficiaries: Coal processing plant builder/operator, Sedgman Ltd (SDM); provider of analytical laboratory testing services, Campbell Brothers (CPB); service provider to the resources sector, NRW Holdings (NWH); and product provider to industrial/mining industries, Alesco Corporation (ALS)."...

[flyingswan] 04/10/2009 10:52

The Directors of Plant Offshore Group - POGL - Could be part of the trade mission to the Middle East:
October 02, 2009 18:29 PM

Mustapa To Lead Trade Mission To Three Arab Countries


...Officials from the Ministry of International Trade and Industry, Malaysian Industrial Development Authority, Malaysian External Trade Development Corporation, SME Corporation Malaysia and senior executives from Malaysian companies will also participate in the mission...

...Malaysian investments in Egypt are mainly involved in the oil and gas related industries, palm oil, distribution of automotives and autoparts, as well as smart card technology.

Saudi Arabia was Malaysia's second largest trading partner in the West Asian region in 2008 with total trade amounting to RM11.1 billion or 20.3 per cent of Malaysia's trade with the region and 0.9 per cent of Malaysia's global trade...

[flyingswan] 01/10/2009 09:48

POGL recognised as one of Forbes Asia's Best Under a Billion List for 2008:

[flyingswan] 01/10/2009 09:33

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

[robwoodt] 30/9/2009 13:11

Good luck Lombiff, i haven't looked any further then to check the balance sheet as it do look to good to be true.

All the best everyone. if you type £1 in the bb box the guy seems to know his stuff on the technical analysis might be worth a glance and good to see any new potentials.

all the best
Rob
[e-mail]

[lombiff] 30/9/2009 12:01

robwood - thanks for pointing that out - I decided to buy a few anyway yesterday while I researched further - at first glance, couldn't see the wood for the trees. As usual, if it looks too good to be true, it probably is . .

However, it still looks reasonable value (NAV 4.25p per share), but not the glaring undervaluation that I initially thought. Still happy to hold as I see little downside, and good growth prospects in the sector.

All the best

[flyingswan] 30/9/2009 08:57

POGL off to good start with a few buys this morning again.

This company makes the pick and shovels of the Oil Industry, so no exploration risk like with drilling companies.

It is also making a profit and has a full order book for the next year or two, so I am quite happy with my choice. IMHO, DYOR

[borchardt] 30/9/2009 06:59

well timed robwoodt - could save some punters diving in on wrong info

[robwoodt] 30/9/2009 06:52

QUICK NOTE

"FlyingSwan - 29 Sep'09 - 13:45 - 92 of 93
I do not think it is the ramping it is the value, which is making this share rise. The current Market Capital is £3.55 Million and the Net Asset Value is £38 Million"

Check your figures for NAV for this company its RM38 Million not £38 million - so only about £6 million, 6 x less than what you thought, hope this helps.

Edit: don't wanna see anyone lose any cash

[flyingswan] 29/9/2009 13:49

Most Trades going through on Plus Market:

[flyingswan] 29/9/2009 13:45

I do not think it is the ramping it is the value, which is making this share rise. The current Market Capital is £3.55 Million and the Net Asset Value is £38 Million - we could easily see a 10 fold increase from her for the Market Capital to reflect the Current Asset Value of POGL

[argy2] 29/9/2009 12:55

Easily ramped stock so could go a little further.

[flyingswan] 29/9/2009 11:55

Nice tick up to 60% rise today.

[lombiff] 29/9/2009 11:46

FlyingSwan - hmmm - looks too good to be true - enterprise value 16.7p per share - only cloud seems to be cash on hand, but order book looks good. Correct me if I'm wrong, but I think the PE ratio in the header should be less than 1, and not 41.

I'm probably missing something, but have dipped in just now for a small holding (within the spread) while I research further.

[rubbishfield] 29/9/2009 11:37

FlyingSwan What,s going on please
Brian

[flyingswan] 29/9/2009 11:05

The spread may not be as wide as shown. Quite often the trades take place with the spread on a very small margin. DYOR

Plant Offshore Group POGL is a good example of an Emerging Market Share, as it is based in the Far East like CHWI, which has grow quite rapidly recently. IMHO

[argy2] 29/9/2009 10:30

Crippling spread

[flyingswan] 29/9/2009 10:11

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

[8trader] 08/5/2009 22:10

No posts today by K79.

I thought this was a great buy ????

[8trader] 07/5/2009 15:09

Strange isnt it treacle !


You buy 75k, a few seconds later a 25k buy goes through and then
shortly afterwards a 3126 buy goes through or 103126 in total
and look at that, well would you credit it, somebody has sold
the exact amount you have bought, isnt it amazing especially
when as you say somebody bought at 4p and there's you dumping
at 2.35p while in full flow ramping ???!!!???

[8trader] 07/5/2009 14:49

Already 12 buy recs treacle, i see you have been been busy already
logging in and out with old handles :-))