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.

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.

From Business weekly.


Pursuit Dynamics widens footprint in the US

Pursuit Dynamics has clinched a second US distributor for its innovative fluid processing PDX technology ahead of the official US launch, which will take place at the WorldWide Food Expo in Chicago.

The Royston-based firm has reached an agreement with Anderson & Dahlen, a full service process systems integrator which provides world-class engineering, design and equipment solutions to the food, dairy, pharmaceutical and chemical processing industries, amongst others.

A&D will also invest in a demonstration facility for the PDX Sonic at its 84,000 sq ft manufacturing plant in Minnesota.

To-days good news more that makes up for the Additional Listing announcement - slowly and surely going north. CEO really sounds upbeat.

some profit taking + mirroring the fall in ftse.....nice to see it recover a little. results between now ans xmas so what next?

Bumper deals with US Navy and Royal Duchy Shell would be a very nice Christmas Bonus

OAK....Don't forget Kidde and Nasa have been mentioned too!
I'm concerned accounts are premature and will knock the SP back until a full trading year is under their belt...views?

To be honest Andrewbertram I had missed info about Kidde - where did you see that?. You will be aware that finances are never mentioned when contracts are announced. In all honesty I think that is the way I too would run things as price may be a matter of negotiation with the bigger players.

Well...there you go...accounst out with 2.7m loss and bang goes the SP.
Now...we need 12 months of excellent contract building and will need to wait until next annuals for turn around in fortunes.

I just hope that the stock is not too abandoned in the meantime. However it does drop below 1.50 then I will regard is as a buy more opportunity!

Andrew,

Yes well I expected a loss to be honest, afterall the company is in it's development stage, so it's par for the course.

The drop may have been overdone, we shall see, the market normally overreacts, then corrects once the news has been digested.

What PDX have to do, as you rightly say, is get some decent revenue generating contracts signed ASAP!

And I think they will have to start announcing the value of any wins to the market, not hide behind "commercial confidetiality" clauses!

Hi Andy x 2 - I have rather been too sad to respond since results announced. I feel that it is not so much the 2.7m loss as the small amount of income announced following a few contracts. More contracts are no doubt nearing agreement and I am sure the CEO well realises that to increase investor confidence PDX must find a way of "talking turkey" - maybe we are still in for a happy Christmas unlike the aforementioned bird.

Andy....it will be interesting to see if values will be mentioned as you say!
I think the current contracts are not worth big bucks but the fact that a re-order has been made shows confidence in the technology. I strongly feel this is just the beginning and the next 12 months will see deal after deal. The pennies will slowly build up. Perhaps this stock is 2 year view...?

Guys, don't loose site of the versatality of the this technology. PDX could end up with a rather broad sales base all out of the same product they know and have matured...nice! I'm sticking in for sure. I can't get out of my head a brokers tip of 4 a share. (not sure who and how they arrived at that!)

From The Sunday times


Pursuit Dynamics

SIMON CAWKWELL, the stock-market trader known in market circles as Evil Knievil, is up to his usual tricks at Pursuit Dynamics. Cawkwell has sold 1m shares in the firm that he does not own in the belief that he can buy them back more cheaply in the future.

Pursuit Dynamics floated on the Alternative Investment Market in 2001. It hopes to find commercial applications for a technology that uses steam and supersonic shockwaves to pump, heat, mix and process liquids in a device that has no moving parts.

Trials with Coca-Cola and the suggestions that the pump could also be used to separate sand from oil have got investors excited. In fact Cawkwell was among those who profited as the share price soared from 20p in August 2002 to as high as 265p at the end of September. He owned 750,000 shares in the firm earlier this year.

But Cawkwell has turned bearish and fears that after four years Pursuit Dynamics has little to show for its efforts apart from combined losses of 7m. In the year to September 30, 2004, licence sales generated only 150,000 while operating expenses soared to 2.2m. Cawkwell fears that the company will run out of cash.

He is not the only one to be spooked. Since Septembers 265p high the shares have been in freefall, closing at 186 last week.

John Heathcote, Pursuit Dynamics chief executive and founder, insists that Cawkwell is mistaken. The business is on track and making serious progress, he said, and the racy rating just reflects the huge potential of the firms revolutionary pump.

Whoever is right, one thing is for certain: shareholders can expect a rollercoaster ride in the coming months.