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.

I think the beginning of a slippery slope is forming now for PDX.

Thanks, optimist for pointing this out... shorted PDX at 98p.

Amazing how you retrospectively post at the top of the last move Justyi

anyone following this?

Broker note from Mirabaud:
"Pursuit Dynamics has announced that it has entered into an agreement with National Nuclear Laboratory (NNL) to form a joint venture to address opportunities for the Groups technology in the field of nuclear decontamination and decommissioning. With the UK alone holding the potential to generate tens of millions in annual profits, the tie-up we believe is a material development for the Group. We reiterate our BUY rating and increase our price target to 900p."

Andy - are you still watching my little gem which I first bought for 42p !!

"Pursuit Dynamics has pioneered two revolutionary technological processes - an atomiser that enables water or chemicals to be distributed in a fine mist and a reactor that mixes and heats products faster and more successfully than anything else on the market.

It has proved its kit works and it is beginning to make real headway-with large corporate customers. The shares are 355p but supporters believe they could nearly triple to 900p over the next two years. Adventurous investors should have a punt and see whether the company's fans are right says the Mail on Sunday."

From T1ps - EK's position:
"As older readers might recall I was short of about 1m Pursuit Dynamics (PDX) for about five years. I then cut back - needless to add Sod's Law applied and the bargain to close was at the top. However, I remain short - albeit with a relatively trivial position. I have never changed my mind that until this company demonstrably is producing serious cash, it is seriously overvalued. And even if it were to produce cash I would still ponder how much its patents would stand pressure.
Yesterday's announcement of Pursuit emerging as Mr Supercleanup (Nuclear) is entirely in accordance with its reputation of claiming access to the big canvas. In it there are huge figures - the announcement was liberally strewn with billions - but no clear budget suggestions. So I have not changed my mind. How could I? Must I really suppose that various investors and analysts are now on the inside getting the fast track so to explain the share price buoyancy? I think not. I conclude that lunacy is in charge.
My principal reservation as to the wisdom of this stalwart stance is that the chart is ferociously upwards. But I have seen many a similar chart break with a sudden viciousness such that life is well worth living. Accordingly, the fundamental and essential view remains that it is correct to remain short of Pursuit."

Up again today,(Friday), there must be something in the water.
"seriously overvalued" - yes, I'm inclined to agree - even 50p is too much; but the Market always has the last say . . . . IMHO - don't try shorting this (+DYOR).
Good luck.

Work this out

Operating loss of 7.2m

Revenue of 128,000 (yep, one hundred and twenty eight thousand - I didn't miss any noughts off)

Yesterday's closing share price 700p.

FFS, exactly how much forward earnings can there be in a share??

This has to be the most over-valued company on the LSE

You're absolutely right, but am still annoyed that I bailed out at 4! The valuation is crazy and the fundamentals scream over valued, yet the sp continues it's relentless climb. Lots of expectation built into the sp, imo. If it fails to deliver then down it goes.

I too bailed out at 4 albiet with a good profit. And in the past it was my one and only 10 bagger - I should have stayed

why is this falling?

Are you kidding?

Revenue of 128,000 says it all for me, don't think they have ever made a profit either.

I have been in and out of PDX for 10 years. It has two things that keeps one interested in that it is British and with a innovative product but as ptholden suggests it historically become over priced. It still might take off in a big way which keeps me watching !

Buyers frightened out.

Might take a gamble tomorrow and have a speculative long.

the case for coming up.

In fact just 2.25 million stock on loan out of Shares Issued: 70.29m. equals just 3.2% being shorted there or abouts.



And then we go onto broker Cenkos forward earnings 40p and prospective P/E of just over 14 for 2012, which looks derd cheap to me for a high tech flyer:

Pursuit Dynamics PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Cenkos Securities
06-12-10 BUY 3.90 5.70 27.80 39.90

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 3.90 5.70 0.00 27.80 39.90 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 3.40 5.10 8.00 11.60


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS % % 600.00%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 4.20m 28.10m
EBIT m m m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -43.44x 98.25x 14.04x
PEG f f 0.02f
Net Asset Value PS p p p


Looks time for an about turn and to go long tomorrow.

Just a reminder stocks never go up or down in straight lines:

In fact just 2.25 million stock on loan out of Shares Issued: 70.29m. equals just 3.2% being shorted there or abouts.



And then we go onto broker Cenkos forward earnings 40p and prospective P/E of just over 14 for 2012, which looks derd cheap to me for a high tech flyer:

Pursuit Dynamics PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Cenkos Securities
06-12-10 BUY 3.90 5.70 27.80 39.90

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 3.90 5.70 0.00 27.80 39.90 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 3.40 5.10 8.00 11.60


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS % % 600.00%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 4.20m 28.10m
EBIT m m m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -43.44x 98.25x 14.04x
PEG f f 0.02f
Net Asset Value PS p p p


Looks time for an about turn and to go long tomorrow.

Just a reminder stocks never go up or down in straight lines:

In fact just 2.25 million stock on loan out of Shares Issued: 70.29m. equals just 3.2% being shorted there or abouts.



And then we go onto broker Cenkos forward earnings 40p and prospective P/E of just over 14 for 2012, which looks derd cheap to me for a high tech flyer:

Pursuit Dynamics PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Cenkos Securities
06-12-10 BUY 3.90 5.70 27.80 39.90

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 3.90 5.70 0.00 27.80 39.90 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 3.40 5.10 8.00 11.60


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS % % 600.00%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 4.20m 28.10m
EBIT m m m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -43.44x 98.25x 14.04x
PEG f f 0.02f
Net Asset Value PS p p p


Looks time for an about turn and to go long tomorrow.

looks a good one to avoid to me