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.

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!

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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!

stringy,

To be honest, without figures, nobody can be sure if there's value here.

What I do know is that there is real potential here, and hopefully they will continue to sign deals in a variety of industries, Firemsit and food processing look the best prospects IMO.

Next year they will have to declare income in the final accounts, and only then will we be able to calculate the value of deals made.

Well, here's an interesting bit: Brew it!

Thanks Niels!

I think eventually this technology will practically sell itself.

Already we have an order from a US food/drinks giant and the PDX is not even launched over there yet! Once proven the word should start to spread throughout the various industries which can benefit from this technology, then I think the orders will come flooding in.

Excellent - Is that mag on the top shelf

More interesting news. Setting up nicely in US. Still no financial comment may be why no market excitement since RNS. Orders from USA, which we can now expect shortly, and which may include mention of income will see this British little gem fly.

Oakapples142,

Yes, excellent news, but the lack of financial detail is perhaps holding PDX back now.

I still feel we need a major deal or order to really start to move northwards from here.

Having said that, it's encouraging that they have such interest in the USA pre launch, it bodes well IMHO.