Plantic Technologies Share Discussion Threads

[themoneymonster2] 21/7/2010 15:54

Not sure when this is from?

[lfc4ever] 21/7/2010 09:46

look what happend to trt if you want to see the lessons of a loss making tiddler needing to raise cash.

on the other hand, look at trt if you now want the bargain of the century.

it is a company which has the prospect of not getting any new contracts and failing.... or, if the little projects tide it over until the royalty model kicks in, it could go from 5p to 50p in 3 years.

[deanroberthunt] 21/7/2010 08:33

Evil must be losing his touch

[robson1974] 21/7/2010 08:33

nice to see themoneymuppet2 getting his comeuppance

what did i tell you muppet ?

cashburn

[watchout2] 21/7/2010 08:30

They were market maker sales so they had more effect !

[themoneymonster2] 21/7/2010 08:26

Down again. £1,000 worth of sells knocks £200,000 off the value of the company to put it into perspective. Criminal.

[themoneymonster2] 20/7/2010 08:25

Early buy.

[trendfloor] 20/7/2010 02:26

You still ramping stocks up Brian, is divinausa1 your new alias???.

Must have at least 10 handles now.

Give it a rest bud.

[divinausa1] 20/7/2010 00:42

Sustainability and innovations in thin wall plastics packaging (9-7-2010)

[themoneymonster2] 16/7/2010 14:08

5.1p are buys, looks like clearing final drabs of overhang.

[themoneymonster2] 16/7/2010 07:56

divina, cheers, should be a good day here then. FT are not going to mention a duffer are they?

Hailing from Australia, Plantic Technologies is also confident that its fortunes are about to change.

That sounds good, news soon I reckon.

[divinausa1] 16/7/2010 05:27

Survival of the fittest is the name of the game as Aim continues to shrink......

Plantic still shows life

Hailing from Australia, Plantic Technologies is also confident that its fortunes are about to change. It makes packaging plastics from maize starch and will launch a product that is claimed to extend the shelf life of fresh foods.

It raised £20m at 64p a share on joining Aim in 2007, but has disappointed. The shares closed on Wednesday at 5p, giving it a market capitalisation of £4m – less than the A$9.5m (£5.5m) of cash remaining on the balance sheet from the flotation.

The company will probably have to raise another A$10m to fund its expansion plans and revised strategy. But for investors with a yen to "latch on to the affirmative", to continue the old song's lyrics, the stock looks worth checking out.

[themoneymonster2] 15/7/2010 14:31

Hopefully news is close?

[the_doctor] 15/7/2010 14:29

he'll make up some lie about spam filters

[kooba] 15/7/2010 14:03

he ain't replied to my two...perhaps you are being more friendly than me mm2? or maybe i am asking something he has no answer to...still expect an acknowledgement mind you..but there again he's an aussie.

[themoneymonster2] 15/7/2010 13:52

should reply on this

[e-mail]

[lfc4ever] 15/7/2010 13:45

no reply to email.

[themoneymonster2] 15/7/2010 12:10

Ring the company up and ask them.

[lfc4ever] 15/7/2010 08:14

leaving aside the off topic stuff (surely it is best to ignore them entirely), is anyone prepared to grapple with my point that the trading statement seems to suggest that they are falling a long way short of Matrix's sales estimate for FY 2010?

it does not follow that if they were a multibagger at 10p they are a double multibagger at 5p if the sales assumption underlying the assessment is not met.

i would really like to invest here- it looks like a great product- but i have been stung before with loss making tiddlers that will need to raise cash before profitability- on an optimistic case apparently not before 2013.

[kooba] 14/7/2010 21:31

don't think plnt bod have been overly optimistic just slow to the game when they had the coffers full so the timescales to market have been tardy..now they need money and will undoubtedly be drip feed cash as they can't be trusted with lumps..it may focus their attention on actually bringing in some meaningful revenue to arrest the burn...the renumeration does look totally out of kilter when one looks at a company that has not achieved any sales targets and has no enterprise value and a market cap of £4m i grant you,but i would expect this to be addressed by whoever backs the fundraise..i also expect there to be demands for a regig of the board agin top refocus on route to market.
quite different to viy.

[masurenguy] 14/7/2010 21:23

the_doctor - 14 Jul'10 - 19:41 - 40035

His fourteenth VIY post of the day. Such dedication from a non-investor !

Still deciding whether to email the Plantic BoD to ask for an explanation about their high compensation payments in relation to company performance, losses and market cap. The_doctor thinks that non-shareholders are entitled to expect directors to provide them with proper explanations of their policies and decisions.

[shroder] 14/7/2010 20:37

kooba, although repetitive he does have a point, rarely do you find a successful company when it has such overpaid directors on-board - gravy train springs to mind and their subsequent desire to keep it rolling by issuing overly optimistic guidance.

Tanfield are the same, fat lazy directors who are not hungry to get out and make it work.