Share Name Share Symbol Market Type Share ISIN Share Description
Prophotonix LSE:PPIX London Ordinary Share COM SHS $0.001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 11.00p 3,477 05:30:10
Bid Price Offer Price High Price Low Price Open Price
10.00p 12.00p 11.00p 11.00p 11.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 13.14 1.16 1.63 6.5 10.1

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Date Time Title Posts
22/6/201813:30Prophonix - play robotics and 3d printing without overpaying51
23/5/201809:25ProPhotonix (PPIX) Transitions2
10/5/201815:53ProPhotonix....... Lighting the way ahead238

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Prophotonix Daily Update: Prophotonix is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker PPIX. The last closing price for Prophotonix was 11p.
Prophotonix has a 4 week average price of 11p and a 12 week average price of 8.25p.
The 1 year high share price is 12.50p while the 1 year low share price is currently 8p.
There are currently 91,875,402 shares in issue and the average daily traded volume is 3,487 shares. The market capitalisation of Prophotonix is £10,106,294.22.
mikeh30: Well STKR is at a decade high share price. 20p minimum
buywell3: Prophotonix Ltd (LSE:PPIR) Share Price Alert Volume:43,701,291 -1.000 (-12.12%) 7.250 Today's low: 7.250 Sell PPIR 9.750 Today's high: 7.250 Buy PPIR Last trade:7.250 Change: -1.000 (-12.12%) Volume:43,701,291 Delayed price:14:51:05 Summary News Discussion Chart... Analysis... Latest trades Time Price Volume Value 14:51:05 7.25 153,198 11,107 11:03:15 7.25 1,531,982 111,069 10:44:37 7.25 4,993,492 362,028 10:37:51 7.25 14,980,476 1,086,085 10:36:42 7.25 14,000,000 1,015,000 10:36:18 7.25 22,042,143 1,598,055
skirbell: I've never seen this before, so struggling to fully digest it. However, some initial thoughts. It doesn't appear to be dilution as 22M shares are being transferred to Restricted Stock - if so, who currently owns the shares that are being made Restricted? The Restricted shares limit hedging. Would this include shorting or loaning for shorting? Does PPIX suffer from a large short position? Restricted shares cannot be sold in the US or to a US person. This potentially reduces the opportunity for a take over from a US company. Are PPIX concerned that they might be taken out? At a guess, this looks like a move to reduce volatility in the share price going forward. And/or to protect against US take overs?
varies: Now that the price of PPIX shares has fallen from 18.5p (early June) to 8.5p, the award of 12,870,000 options at 23.85c, say 18.5p, does not seem such as generous as it did. The treatment of this award in the Profit & Loss account should presumably be calculated in accordance with some formula in which one factor is the average share price during the accounting period. PPIX indicate a figure of $100,000 per month; will this relate to the last 6 months of 2017 or the whole year ? Unless the share price recovers soon, the average for 2017 is unlikely to exceed 10p, say 13c, in which case a fair value for the award might be 1c per option, say $128,700, and would be the charge for the full year and not just one month. So I find the $100,000 per month figure perplexing. This is not, of course, a cash charge; it is just an unwelcome reduction of the share of profits going to outsiders like ourselves. The increase in expenditure on R&D and sales and loss of an important customer will affect our cash flow this year and seem more important than the award of options.
greedy rooster: With expectations of 2c earnings for FY 17 the shares trade on 10x earnings. This is for a stock whose end markets are typically growing by 40% CAGR. The ability to gain access to fast growth at a 50% discount to market value should not be overlooked. After a period of strong performance an element of consolidation is inevitable but the fundamentals and outlook support a much higher share price.!FOLLOWFEED
wilmdav: I find this document very difficult to understand. It states that the 'distribution date' will occur 10 days after someone acquires at least 20% of the shares. On that basis the distribution date virtually coincided with the 'record date' because 600 Group had acquired above that number 19 days before the document was issued. My impression is that the purpose is to minimise the chance of the company being taken over because the 'acquirer' of 20%+ shares loses the right to buy an equivalent number of dividend shares, whereas other holders can do so. The share price on 28 August 2014 was around 3.3p. What was the purpose of setting a target price nearly ten times higher to be achieved within three years? Any clarification would be welcome!
woodcutter: buywell no one is knocking PPIX and forgive me but there are plenty of good shares around at present so missing the intial share price growth is immaterial to me. Many of my best investments have been from stocks that have already doubled. Why the confrontational approach? I think Wilmdav and myself are mearly pointing out some FACTS! regarding the share options available and the potential dilution. And taking that in to consideration i'm choosing not to invest. woody
greedy rooster: I think this is one to keep tucking away. You could find the perfect storm of increasing earnings, larger market cap making shares more appealing to micro cap funds, and consistent re-rating, driving this share price forward for the next couple of years. A rating of 20 times would not be unreasonable if the growth comes through as expected. Then again, we could simply get taken out. 10p is too cheap for this investment backdrop in my humble opinion......
wilmdav: In spite of the meteoric rise during the past 12 months, Stockdale's prospective p/e still looks almost too good to be true. This might be the case in one respect. Below is an extract from Notes to the 2016 AR. "As of December 31, 2016, 22,965,040 shares underlying options and 4,456,067 shares underlying warrants could potentially have been included in the calculation of diluted shares. However, as the exercise price at December 31, 2016 was $0.062 per share, only 5,175,000 exercisable options and 1,900,000 warrants were included in the calculation of earnings per share. All other options and warrants exercise price exceeded the market price." The share price rise means all those options and warrants are now exercisable. 6.86m of them have already been exercised since the year end. If they all go this year Stockdale's eps forecast would be diluted to about 1.2p, a drop of 25%. If PPIX had calculated 2016 diluted eps using the outstanding options and warrants, diluted eps would have been $0.011 not the reported $014. Edited 03/05/17
buywell3: Re SIXH Those shares are now around less than 50% of what PPIX took them at Does PPIX still own them ? ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR), a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, notes that 600 Group PLC (the “600 Group”) has announced that it has acquired 22,042,143 shares of common stock of ProPhotonix from existing shareholders, representing 26.3% of the outstanding shares of ProPhotonix, for consideration to be satisfied by the issue of 4,925,621 ordinary shares of the 600 Group. Based on the closing price per 600 Group share of 22.375 pence on 1 August 2014, being the last business day prior to the date of the announcement by 600 Group, this acquisition represents a price of 5.0 pence ($0.08) per PPIX share, which would indicate a premium of approximately 120% to the closing price of PPIX shares (2.275 pence) on 1 August 2014. ProPhotonix, incorporated in the State of Delaware, United States of America, is not subject to the UK City Code on Takeovers and Mergers (“City Code”), as disclosed in the Company’s Admission Document dated 20 December 2010.
Prophotonix share price data is direct from the London Stock Exchange
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