Pursuit Dynamics plc is a UK based research and development company, which was founded in 2000 to develop and commercialise a revolutionary pumping and propulsion technology. Pursuit Dynamics (symbol: PDX) was listed on the Alternative Investment Market of the London Stock Exchange in May 2001.



PDX 25 Sonic.

The PDX Technology is a steam-based system that has applications in both pumping and marine propulsion. It is cheap to manufacture, extremely robust, contains no moving parts and is virtually impossible to block. Pursuit Dynamics owns 100% of the Intellectual Property Rights that surround the PDX Technology.



Pursuit Dynamics is now working towards the commercialisation of the technology it has developed.





Corporate website : http://www.pursuitdynamics.com/


Pursuit are rumoured to be close to closing their first deals, which may be in the food processing industry.

GF,

Appreciated.

GF,

Have you any update from EK please?

Nice to see a healthy bounce today after the last couple of day's mauling, and I'm hoping PDX can now establish a base above 130p.

Suggestions over at ADVFN of rumours re possible deals, but they are ONLY rumous, and nothing has been posted to substantiate them, or otherwise.

Andy.

Buyers pumped up the Volume at PURSUIT DYNAMICS, sending shares of the steam propulsion specialist 8p higher at 138p.
They heard whispers that it will confound the pessimists and roll out a couple of 'interesting' deals before the end of the month. A dairy products company and a Leading confectionery group is believed to be on the verge of signing up to use Pursuit's pump technology.
Called PDX, it can pump, mix, soften and heat materials using supersonic shockwave. Welcome Foods Ingredients became a customer this year after a pilot study showed PDX had cut manufacturing times by upto 95% and cleaningf times by upto 80%.
Chief executive John Heathcote is apparantly sitting on sizable contracts - one with a leading paper manufacturer - which will see the light of day shortly.
After the recent shenanigans in the groups sahre price, shareholders should begin to feel a lot happier.
The London Stock Exchange was called this month to probe a 13pc fall in the price ahead of the company's revelation that after eight months of negotiations it had failed to reach an agreement with a soft drink and confectionery manufacturer over the use of its technology. The LSE went away happy

Andy,
More than rumours - in PDX's 30 April RNS, the very last sentence states that the Company is in "mature discussions" with leading companies in the dairy and paper industries. That's presumably code for nearly at the stage of contract signing.

beaufort1,

Yes I agree, but "nearly" is not signed!

I hold, and am hopeful that deals will be forthcoming, but I realise that until such time, nothing should be taken for granted, and the fat lady cannot be heard, YET!

Not trying to sound pessimistic, merely cautious.

PDX have released results today, pretty much in line with expectations, and cash in hand is strong, but no deals were announced. There has been an early fall, which seems to have been used by some to top up, as the price is (hopefully) rebounding now.

I'm not sure what people expected today, but results are simply just that, results. I didn't expect any earth moving deal to be announced, so why people that were happy to hold yesterday would be selling today in a mystery.

I have to admit to hoping the small delay was down to PDX trying to conclude a deal to coincide with these results, but it was only a small hope, and certainly not any expectation.

A bear raid was expected, who knows if anyone was waiting for it?

I am still very much with you Andy (although I admit to considering the release of some before I was properly awake at 8.03am!!).

Am holding too, the technology is there just a matter of waiting for contracts to be announced, happy to be holding in this company long term. : - ) Good luck to all holders.

Oakapples142,

Yes it was a bit scary earlier, and particularly after BPRG and TDM have suffered precipitous falls so recently!

I have become a little used to the market's knee jerk reactions, but it's always worrying until the price turns.

What PDX needs to do now, IMHO, is turn one of their current prospects into a signed deal, and as soon as possible too. Maybe they need to focus on the most likely one to sign, rather than the one that may generate most revenue? Without losing focus on other deals of course!

The technology seems to have so much potential, I can only see success long term here.

Oakapples142 / Adieh,

Well the price is now 119.5p MID (118 - 121).

Hoping the recovery continues, the fall this morning was well overdone IMHO, results were as expected.

Andy / Adieh

In my Investment club two of our members are engineers and both agree this innovative system is a winner.
The company wouldn`t hold back good news a little to affect a price drop (called sweethearting") would they ?!!!!. Of course not that would not be playing cricket!!

Thanks for the reassurance, wish I had more cash to invest on the drop, sure we will all be rewarded in the future, broker did suggest 4.00 in the long term if contracts signed...

Quite funny reading that, as my bookmaker is suggesting 4.00 in the long term if Max Biaggi becomes world champion. Somehow doesn't look as easy as 2.85 for a 1 on Schumacher yesterday. I guess that wasn't a bad annual percentage return even if you consider the bet as lasting until the next grand prix.

Dont quite understand that comment crystalclear?

Looking at the graph for the timebeing I wouldn't touch it with a barge pole. The theory may be good but the graph seems horrific to me. What has happened to the broker who suggested 4 and at what date did he think this would occur and how much funding will have taken place before that date!!!!!
This share is still in my portfolio labelled "Pie in the Sky" where I think it will stay for many a month.

FAO AdieH
I'm wondering whether my 1 on Max Biaggi is a better or worse bet than 1 for a PDX share. The money I put on Schumacher giving 2.85 back for every 1 bet was a good investment - with hindsight! If he wins only half his races its an expected return of 42.5%, and in a short space of time. If I could find investments like that at a rate of one per month ...

Months Return

0 1
1 1.425
2 2.030625
3 2.893640625
4 4.123437890625
5 5.875898994140625
6 8.373156066650390625
7 11.931747394976806640625
8 17.002740037841949462890625
9 24.228904553924777984619140625
10 34.526188989342808628082275390625
11 49.1998193098135022950172424316406
12 70.1097425164842407703995704650879

70 times my money in a year - if only - if only I could find more like that!

The Max Biaggi bet wasn't too smart as I have to wait months for the payback. So even if it was an absolute certainty to get 4 times my money back, I have to wait longer than 4 months to retrieve the money, and as a certainty it doesn't outperform the Schumacher bet as an investment. (In reality, Rossi or Gibernau is now more likely to be world champion than Biaggi!)

1 for a PDX share. I wonder how long it will take them to reach 4?
Would I be better off with a PDX share than 1 on Biaggi? Tough call I think.

Must admit I have these very close to the top of my shorting list at present, but would like 125/130p.

Big Al,

Fair enough, but I wouldn't want to be caught short IF they announce a large deal.

I know they haven't YET, but that's not to say they won't!

Crystalclear appears to be looking through muddy water.

At least PDX is British !!

Thanks for the clarification, think i'll still stay with PDX myself. Good Luck.