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.

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

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.

Not so soon... still overpriced at 450p

Yep had to bail out fast this morning.

Pity it wasnt a blue day or it might have been a different senario.

mal chance mon brave for i see it finished marginally up on the day

price collapsing through its recent support level

At current levels of 420p, still looks expensive.

Part of the Mirabaud broker note out today:
"PDX has announced that the installation at Pacific Ethanol continues to confirm the stability, quality and viability of the Groups Ethanol Reactor System (ERS). The Company has also confirmed benefits around cycle times which enable PDX to offer a third solution to the market for which the fee per gallon is twice the basic proposition. We have changed our estimates to reflect this which leads to upgrades to our numbers. We re-iterate our BUY recommendation and increase our price target to 2000p."

This is so unrealistic... 2000p... Mirabaud might as well say 20000p.

Yes, I think I agree. EK is still short.