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.

Morning Andy - Through the 250 barrier and profit taking has quite sensibly slowed.
When it gets to 400p (my 10 bagger) you are on for a meal, in a half way house (although Bournemouth in the evening is a bit too riotous for me !!)

Oak,

I'll take you up on that!

BTW, where are you from?

Still up 12p @ 261p at the moment, not a bad finish to the week!

The volume is high (750,000) too, which is bullish.

Morning Andy

Well well !! - What do you make of the RNS to-day - rushing out catch up later (in between the Test Match)

Oaks...you takin about Man Financial but in 3%
They sold out on the 7th and by back 12th ???

Buying in at this price by a major investment house and the share price drops by 7%...urrhhh?

I would say this is incouraging is it not that large institutions are starting to buy in. Surely will life the stock even further.

Reporting out in October......whats the view?

sorry about my spelling!

Andrew, the view is that PDX so far has not told us how much money they have actually made, so the shares may be vastly overpriced. Then again, I love the technology and think the sky's the limit. If they come out with yet another massive loss the shares will drop, but I think they are worth keeping in the long run. Especially if you bought them at 32p. :)

Man Financial is spread betting money being hedged usually. A big stake is bad news IMO. It indicates a lot of short term CFD traders with long positions that have to be unwound sometime, which is why the disclosed interest shoots up and down. That phenomenon occurred in BPRG before it crashed (Man F with a disclosable interest). I have no opinion on the company's fundamentals but I thought it worth pointing out that Man Financial is not an institutional long term investor to my knowledge, it is a CFD company (they took over the GNI operations).

Thanks Bones...I understand.

Niels....I'm thinking pitch out just before annual results in October..and jump back in at lower price.....???? hmmm

Now...are results due in October or December....the year end is 30th Sep isn't it. Surely October is quick. I called them and their financial people said October!!!!

It would be nice to increase my holding this way now wouldn't it!!! :-)

Andrew, I said just that to the wife yesterday!

On the other hand if CocaCola has more than just a few small pilot installations, say thay have introduced PDX worldwide, or imagine a big brewer announcing building a whole brewery based on the stuff; the price could go ballistic.

Niels

yep....but we are talking about a few days either side of the results....open to risk but keep it to a minimum...you think?

We need to get that results date down to a fine art...no?

Timing will be difficult; see how fast Psion shot up the other day.

Niels,

Well PDX had a strange day today, 6p down until the death, and then we are up 3.5p!

Maybe someone caught a whiff/rumour of imminent news?

Wow Andy you were working late ! - Yes I noticed a flurry of modest purchases. I had better not say what I think may be the reason but it will probably be particularly good news.

Oakapples,

I'd be interested to know!

if you click on the yellow envelope to the right of my name above, you can send me a message via Moneyam.

Your email address is not revealed using this system.

Wilco Andy done - More evidence this morning that I might be on the right track - now through the 260p barrier
YAHOO finance are recording that there is something in a Newspaper to-day but having searched I can find nothing.

oakapples,

There was a mention in today's Guardian.

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Pursuit Dynamics, the fluid-processing firm, bucked the trend. Its shares, which hit 244.5p early on, bounced back to close 3.5p higher at 253.5p thanks to rumours that the firm will announce a big oil industry contract.

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Thanks Andy - presumably Royal Dutchy Shell. Wouldn`t it be helpful if they told us what such contracts might be worth.

oak,

Thanks for the PM.

Yet another all time high tonight, and very good (635,271) volume too!

That's 1,683,468 worth of PDX shares traded today!

Quite impressive and expremely bullish IMO.

Best performing shares in my portfolio lately. It is frustrating not having any figures to go on though. How can one possibly determine what the current mc ought to be?

I'm in PDX heavily now (largely due to growth) but only because I can see the truly enormous potential of this technology. I have no idea if these are currently reasonably priced, cheap at twice the price or hideously overpriced!