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.

Nice to see another new high today.

dclinton,

Agreed, hoping for another rise on Monday to avoid a "double top"!

MACD is looking positive, and AGM is nearing, so always the prospect of some news.

Well done to all holders... chances of very good things... Perhaps some of you guys should enter the asc portfolio challenge no 2. See the asc thread for details.

The legend doesn't like to boast, but he won the last one!!!! LOL

E W Robson is setting it up. Join in it will be fun.

Dynamite: Have you seen the da. price??!! It is mcflying. Contract win yesterday and supposedly more to come. It ended 192-6 (i think!!)

Telegraph.co.uk - London,England,UK
... Pursuit Dynamics improved 6 to an all-time high of 230p as dealers speculated the group could sign a worldwide deal with Coca-Cola for its steam-based fluids ...
I have not got the full copy, but it is from sat. Telegraph. 22 jan

Mike,

You have the complete text there, it can be found near the bottom of the column here;

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/01/22/cxmktrep22.xml


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Pursuit Dynamics improved 6 to an all-time high of 230p as dealers speculated the group could sign a worldwide deal with Coca-Cola for its steam-based fluids handling technology. In November, the group signed a licensing deal with Coke's UK subsidiary.
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Well my take on that is that I would have expected more volume had there been some substance to this rumour.

On the otherhand, if there IS some substance, we should see an increased volume next week. Time will tell.

Well not much volume this morning, and the initial markup has gone, so time will tell if that was simply a market rumour, or not.

No smoke without fire! Steam supplied by PDX! Nice CFD added today - I said 60,000 but had added a nought: had been trading SEO (sorry, I've mentioned that naughty word again!) and got used to lots of noughts; still 6000 is a start. Role on coca-cola, I say, or should I add some more first?.

Eric

I believe this is the end of the bear run. All indicators going positive, top up time methinks.

Ted1.. I don't know what charts you are looking at but mine are going down. I am looking for a retracement to 180 to buy back in again. The FY results are due soon and are likely to be bad. I am hoping to get that out of the way before any deal is announced so I can be back in.


Good Luck.
Diana

Time to go boys... not nice RUMOURS around.....

The guy that tipped me em has just told me to sell em. As i told you lot a few weeks ago, I sold out.

Good luck all

Looks like your buying opportunity is coming round a lot faster than you imagined, Dynamite.

Anyone have any ideas what's gone wrong?

Results are rumoured not to be good because they haven't really got any revenue coming in yet, this will turn at some point but probably after there results in a couple of weeks, i'm out for now but will be back once results absorbed into price etc... Good Luck, still a great bit of technology...

Get out quick!

Article in the guardian saying that PDX may need approval from US regarding selling their wares in the US... Also rumours of directors selling and a funding... DYOR though I picked this snippet up from Ample...

Thanks, folk! Closed the CFD position at 194p costing about 2K. You win some and lose some! There's not really a resistance level until 120p, the level in November; only time will tell.

Eric

Well Eric I for one would be happy with buying back at 120. That was the last price I bought before the recent rally and selling. This little baby is probably going to go to 3 in 2005 but I see a big retracement first and I am ready and waiting.
Diana

Thanks Diana; nice profit to bag still. Just got a bit ahead of itself. Something like a Coca-Cola world wide deal would do no end of good. My broker indicated a volume of institutional selling and that's very much a club that acts together, don't you think. Personally, I would like to understand the deal structuring better which hopefully will come with the results.

Eric

That's why SEO is better in a way. But PDX is brilliant too. Have you got some KMR, NOP and OXB too? My portfolio is up 30% in a week.Yay!

There you are, Diana, fulfilling your stock-picker role! Haven't got 'em but will take a look. 30% jump on CFP and 100% on SEO because of CFD leverage, so near your figure despite PDX and ASC. You should have been in the ASC Challenge but you are probably too occupied making real money!

Eric