Share Name Share Symbol Market Type Share ISIN Share Description
Pursuit Dynamic LSE:PDX London Ordinary Share GB0030310964 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.975 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.68 -17.85 21.97 0.1 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
27/4/201720:47PDX - Potential Markets and there size13
02/8/201310:48The New PDX - An Undisputed Gamble!16
31/7/201316:52Pursuit Pumping into a $22 Billion Market!!!!56,537
26/7/201315:32PDX - Jam tomorrow339
16/7/201314:32PURSUIT PUMPING INTO A $22 BILLION MARKET !!!!17,323

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awemic: I see that Pacific Ethanol (PEIX) has released news over the last few days that they are partnering with a company called Edeniq to enhance their ethanol yields. Furthermore, they say that using Edeniq's patented 'cellunators' and 'Pathway' technology will allow future enhancement in cellulosic ethanol production. No surprise there was no mention of any existing PDX equipment being used - even when PEIX were installing the pdx kit, they never mentioned it. I wonder whether the pdx kit would have to be removed, or if it might even be able to enhance the above new tech, but if so, it would be ironic if Edeniq benefits and pdx continues to get nothing after installing their kit for free. It makes me all the more frustrated at not knowing how and why the ethanol LOB became a dead op from talk of over half a billion gallons signed up / installed with guidance at 2c per gallon. Either way, this news has not set PEIX's share price alight (yet, if ever) so not a great deal of excitement seems to have been generated from it, unlike the soaring share price reactions that came after every pdx RNS about the future benefits of their tech during the Pieper years. I think the market has become rather jaded and skeptical with 'jam tomorrow' reports about the future of cellulosic ethanol, despite the current corn prices favoring a diversification into alternative organic sources for ethanol production. Here an excerpt from the PEIX news statement: "Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it will implement yield-enhancing technology at its Stockton plant. The company has awarded Edeniq, a biomaterials and sustainable fuels innovator, with a contract for Edeniq's Cellunators™ technology to boost ethanol yields by increasing available starch for conversion. In addition to expected improvements in ethanol yield, the installation of Cellunators™ technology makes available the adoption of Edeniq's Pathway™ technology integrating the Cellunator with proprietary enzymes to convert the cellulosic fraction of the corn kernel to ethanol, which enables a conventional plant to potentially produce cellulosic ethanol. Neil Koehler, the company's president and CEO, stated: "Our agreement with Edeniq for its Cellunators technology demonstrates our commitment to improving efficiencies at the plant level and positions us to produce advanced biofuels within a corn ethanol plant. We expect this technology to increase yields and improve overall plant profitability."
5uchchi: Article in Financial Times would encourage people to investigate more about PDX and would realise that PDX Technology still works,not lost at all as market has reacted to P & G decision on a particular line of Technology.In my opinion new Investors will be interested in investing PDX now as share price has bottomed out and PDX would bounce back in making the concerned Technology (rejected by P & G)more robust by adding needed/concerned technology.Companies like PDX keep their Technology or inventions to be more precise(step a head from competitors)in order for survival as well as to keep the company's prestige in tact.I would not be surprised if the share price shoots up to 50-60p level next week or two.Good Luck to everyone invested in here.God bless PdX employees as well as small investors!!!!!!!!!!!!!!!!!!!!!!!
sageofnowhere: Thoughts on what we can reasonably expect on may 24. Base case imo: -Something like ....."p&g has extracted meaningful technical data from trials. Possibility remains of licencing arrangement. Further update in q3. No promises re commercial agreement and potential timing still uncertain. -ethanol team has made significant progress in resolving issues around validation of cost benefits. Discussions ongoing with ethanol customers about billing arrangements. Revenues expected in q3. - other LoBs: progress made in attracting new customers in other lob's. Possibility for (non transformational) revenues in h2. - ethanol + other lob's to rise in q4 to point where company is cash flow neutral and self supporting on an ongoing basis. Any future P&G revenues to be clean profit. - revenue forecast for full year revised downwards to approx gbp 5 - 10m. - profit forecast - small loss / small profit - share price impact: neutral +/- 10% note: i'm making this up as i go along. Downside case imo: - anything that suggests p&g are losing interest - lack of conviction that ethanol is close to resolution - regurgitation of encouraging but hollow comments in other lobs - possible share price impact: i don't even want to think about it Upside case imo: - anything that suggests p&g has progressed beyond trials stage. Any (even caveated) suggestion that talks are now commercial rather than science-based - ethanol now producing revenue - any new contracts in other lobs - possible share price impact: back to at least £2 (i.e +100%) if p&g is positive. As i say, this is possibly the most unscientific scenario analysis ever conducted. My share price prediction for may 25: a quid. Other predictions? I'm guessing we've got hippo at 10p and denc at a billion trillion pounds, but what about everyone else :-)
sageofnowhere: Hello chaps, sorry if this is poor etiquette to just join in. I've not posted on a share forum before. I've been reading all the boards with interest having lost a boat load like everyone else when the share price collapsed before xmas. If anyone has the time or inclination, I'd appreciate your views on the following: - Cenkos and Mirabaud talked the stock up enormously and then fell silent (probably out of necessity) as the stock dived. According to Bloomberg, their most recent share price targets are the £10+ levels touted last year (part of the reason so many investors were so optimistic and then so badly burned). A few posters have mentioned new research is due imminently. Is this confirmed? I assume they needed to wait for completion of the rights issue, but should now be able to proceed. Large pinch of salt required on any comment, but revised opinions would be interesting. - Thrift recently posted on another site about the potential valuation of PDX(earnings multiple basis). He's suggesting that GBP 20m revenue would lead to GBP 7m of net profit, which is broadly consistent with the company's GBP 70m (approx) market cap. However, as consensus is that the first 6 months of FYE Sep 2012 seem unlikely to yield any significant revenues, and the company has a revenue target of (not less than) GBP 22m, can we assume on an annual basis from FYE Sep 2013 that the revenues should be approx double the GBP 22m target for this year? In this case, a GBP 70m market cap seems extremely low, given the operating margins that PDX could generate when (ok, if) business starts to arrive. - The agreement with P&G expires in March 2012, presumably signalling the end of tests (as opposed to a deadline for a contract to be signed - guessing here as I do not have any experience of this type of negotiation). Having waited all this time and seen our investment collapse and then stagnate, do we now face a one line announcement from PDX along the lines of "P&G has tested our equipment, likes what it sees and now wants to start talking about commercial negotiation. Still no revenues. Sorry again about the shareprice. We'll keep you posted. TTFN" or are we genuinely close to something tangible? - The CEO added a small personal holding recently (before the option announcement) which was generally dismissed as trivial in amount. The most pertinent comment at the time was that it indicated that he had no insider info. Which in turn suggests he had no clear indication of the P&G situation? I'm fuzzy on the insider trading rules for senior executives dealing in their own AIM-listed stock, but I assume that the CEO couldn't put down the phone from the head of P&G UK having verbally confirmed a GBP 20m per annum contract and then wade in and add a bunch more stock. So on that basis, as of very recently I'm guessing we are still nowhere in the near term. - The last time PDX went quiet, it was because the news was terrible and they fed it all in one go to their hungry investors from a big results day spoon of misery and despair. We have now had another quarter of no meaningful RNS (The institutional investors delivered as expected on their underwriting obligations and that's about it). Are we being crazy to assume that this time the company is saving up all the good news? If I was PDX, I would want to blurt out the good news as soon as physically possible to start repairing the story. - Where's the Chairman going and why? He spearheaded the "don't worry chaps, we'll turn this around" talk at results day. And now he's off. So no permament CEO and no chairman. Speaking of which, is the stand in CEO staying, or are they still looking for a replacement? I still harbour hopes for this stock. Or maybe I'm just not willing to crystallise a 60% loss. If Mirabaud and Cenkos still think this share is worth a tenner, maybe they could just buy mine off me for £2. I think I'd take that at this stage.
billy_liar: Ah I see the value of private education yet again. Learn a few naughty words did you A2584728 as well as taking higher quality coke? Share with us your target for the PDX share price in 6 or 12 months time please.
saint or sinner?: The PDX share price is doing all the sensible talking for anyone with the slightest of interest in this sham of a company. Hopefully just Dense and his cronies remain in the basket case, and won't it be a real shame when it goes belly up? No doubt they will then crow about how they nimbly traded in and out for massive gains. What a shower of shameless ramping to55ers. 0 ;-D Saint
nonethewiser2: Tobyjug....good post. I have not posted recently, because I grew tired of trying to explain to serial derampers why the Rights Issue would go ahead. It is the same as trying to explain to them why the technology will work. Every industry PDX enters into (too many at once, it could be argued) requires application specific customisation, revised pricing models, entry to market strategy, choice of OEM partners, etc. Then, when PDX is able to demonstrate the efficacy of its equipment to leading industry players e.g. ICM, Tyco, P&G, NNL, Kaercher, SAB,etc.they then have to go through full scale commercial trials which often require regulatory approval (4 years for FM approval for fire atomisation, 3 years of decontamination trials with the US Army etc. 4 years of various trials with NCRC, Muse Stancil & ICM in ethanol, 2 years of laboratory and research work to achieve Reinheitsgebot (German purity laws for beer)), 2 years with P&G on gums, starches,and other foundation ingredients, etc,etc,. PDX then has to register important new patents such as starch hyper swelling and powder entrainment which may give them pricing power BEFORE they introduce these technologies to market. The bears are right to argue that PDX is bleeding cash. It is easy to pick holes in the disappointments of the last few years. The retrofitting of ethanol plants was poorly executed. As if this was not hard enough,the sugar chain profile of an ERS is slightly different to existing methods of production. If PDX worked closer with the enzyme companies and were able to be included in a new plant design, I believe the performance would be substantially improved. Dr Biotech is sensible to suggest the Company looks at revised pricing models. PDX might easily simplify its pricing model to a straightforward cents per gallon to speed up the roll out and release cash. Last years Report and Accounts are similarly depressing. Excluding non cash items the Company burnt North of GBP 11m. However, all is not that straightforward. In order to speed up acceptance of their technology, it would appear that Mr Pieper,gave extremely generous terms for market leaders to trial the equipment, particualarly in brewing and ethanol. This can be seen from the assets now employed in those divisions. This is not a stupid thing to do, if you achieve reference sites and have contract terms stipulating, future pricing subject to performance milestones. The bears laugh at the lack of revenues...but would they be laughing if SAB and Radeberger,specify PDX technology for wort boiling or cereal cooking after extensive trials?. Thames Water have been testing since August last year....If the technology was not so exciting...would they bother ? We have waited 5 years ? for decontamination technology to be cost engineered down to a market price. In the Spring 2012, we should finally see some new product. I believe the Company has already made sensible cuts in their overheads. I feel very sad for all the hard working employees of the Company who have lost their jobs. If the share price had not been attacked by such a massive short position, I feel the larger institutional shareholders may have refinanced at a higher level and these cuts would have been avoidable. I THINK SHORTING BRITISH SMALLER COMPANIES is a disgrace. When bankers withdraw lending because of their ineptitude, the general public howl with rage. Some shorters are far worse,making deliberately misleading posts on these bulletin boards and to the Press, in the hope they can damage the refinancing prospects of many enterprising British Companies. Meanwhile the institutions need the stock lending fees to boost their performance, so turn a blind eye to this moral absurdity. Squatting is does not make it right !!! Moving forward, I believe PDX is a very high risk/ high reward investment. The technology may have been painly slow to gain traction....but that only goes to show how valuable it will be when it gains acceptance. I firmly believe that if the Company is able to execute, the rewards will be exceptional. The new Interim CEO is impressive. The main problem now is restoring credibility. It appears a huge mountain to climb...but in my opinion, it is not. PDX only need to sign agreements with the likes of a Thames Water, or a P&G, to move to an explosive growth phase. The bears will look right until they are wrong :) They have always said the Company would run out of money and go bust...yet the excellent list of sub underwriters in the Prospectus...would choose to disagree. Bears can smell the fear of a falling share price....the bulls are stale and bruised....but I was always told not to kick a man when he was down....because he has a habit of picking himself back up. PDX is now refinanced. It will emerge from a quiet period in the next few weeks....then lets see who gets a good bruising. NTW2 IOTS Please do not rely on the accuracy of any of the information or opinions contained in this posting when making an investment decision.
wrey: come back 12.46 he likes the PDX share price I prefer the closing price and look forward to next week.
hippo: kooba, you stalking me again ;-) - you know your leader will slap your wrist. and if only a......................... wrey, like the PDX share price.
scrutable: .........we are standing either on a springboard or the edge of a cliff . . . just not sure which!..... Difficult to find the right metaphor. Apart from that, you are right. The share price is packed with latent energy which will be released by the news. If PDX reports that they are already getting more than 2c/gallon from PEIX and/or have a clear commitment by a few other ethanol producers to pay out at that kind of rate, the share price should be well supported at the current level because that is what is expected. If the news is more opaque, full of assertions and hope value, I personally reckon there would be a 'not again' reaction triggering a sharp share price fall. Investors are at the end of their tether waiting for more than a glimpse of a future cash stream. The current market cap eventually expects at least £8m /pa profit from a 50%p/a growth company which means a £14m/pa profit turn around in the next 12 months. That is quite a tall order, though the market will give the share price the necessary time provided that any extrapolation of future royalty income can be based on reported numbers. Until now it has all been based on hope and conjecture If they can't report that, even for the post reporting period, the share price reaction could be nasty. If on the bright side the ethanol income can be realistically calculated for the 14 plants signed up, and there are additional ethanol contracts AND if P&G looks like agreeing a licence plus royalties and/or Thames Water has moved beyond 'proof of principle' there would be a stampede into the shares. IMO the sale and payment received for, say, half a dozen reactors to breweries and food processors will not position PDX at the foot of a steep hill of success. Machinery companies derive their success from the success of others (dx/dy). When client industries slow down or worse - flat line - machinery sales fall off the cliff and become restricted mainly to the tiny replacement market. I am sure that the tenacious LT PDX shareholders hope to see a £billion company eventually emerge. Big money can only be made from a machinery business in the rare case that patents are a complete barrier to competition and royalties can be exacted. The imminent news report has to make it clear how far that is likely. The outright sale of a licence to P&G for £10m or £20m and the prospect of a string of orders without royalties, will not do the trick
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