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.

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.

Anyone want to guess an entry point?

Broker note from Cenkos:
"PURSUIT DYNAMICS PDX shares have been caned down from early December highs of 700p to early October levels around 400p. Some track-back is probably not surprising given the doubling of the price June to October and then 75% in the 2 months after that. Previous management had a record of promise without delivery and while the new leadership team under Roel Peiper is establishing the commercial base from which the company will grow it is a fairly easy knock for the long term bears.
Yesterday the company said they knew no reason for the sharp fall in the price, and will be updating the market at the end of Feb. What the new management team has achieved so far: 2 international brewers signed up, Oettinger already installing the reactors; P&G signing up on dental care and seeing potential in about 60% of their product lines worldwide; the National Nuclear Laboratories deal; reactors installed on a commercial basis in ethanol plants in the US from both major installers, to name only the major features, is impressive. One only has to believe that even of some of these signed projects some will deliver revenues in line with management expectations to see the shares multiplying over the next couple of years as revenues drive earnings. We maintain our 1100p target for Dec 2011.

Mirabaud and Cenkos are both building pie in the sky.

Mirabaud and Cenkos can buy all they want for this loser... now 356p.

it's certainly a real stinker but with 200 dma at 340, i'ld be inclined to wait and see what happens when that is hit

pass 200 dma now??????????????

check first thing in the morning, and if not bouncing - wall street is strong - then indication is for continuing fall .... but it's your money and your risk

Note and comment from Cenkos:
"We had a conference call with PDX yesterday in light of the recent collapse in their shareprice. I came away from this more convinced than ever that the recent bear raid has created a great opportunity to buy the shares, and our analyst Peter Read will have a note out later today. We spoke to amongst others the head of the brewing business line, the head of ethanol and one of the non-execs. A so called 'dossier' supposedly dismissing PDX's technology has been a feature of internet �chat forums�, PDX went line by line through this 16 page powerpoint and pointed out inaccuracies, false assumptions, claims which appeared to be based on PDX data but are not, as well as omissions of various positives.
Suffice to say the rebuttal of the bear story was extremely robust, particularly convincing when the head of brewing is the ex head of GEA's brewing systems division and therefore extremely credible on the strengths of PDX's offering, the cooperation with GEA that is underway and the factual errors in the 'dossier'. Brewery installations expected to be completed this Q include Oettinger, the 2 �global players� referred to at the last update which the market rumours have suggested are SAB and Heineken and 1 more customer each in US and Germany. In Ethanol, 2 plants are fully installed and management sound extremely happy with their performance, 6 more installations should be complete by September. The Proctor and Gamble deal is �on schedule�, National Nuclear Laboratories revenues �will not be long� and the management pointed out that the Fire Suppression, decontamination and water business lines are not referred to in the �dossier�.
Finally the rumour started on the web that the CEO may stand down or be sacked was firmly dismissed by the NED � �the Board are very happy with the direction and the progress of the company and its management�. This management team has strength in depth and is delivering, they believe revenues will be delivered this financial year which will prove the success of the model. We agree and reiterate our BUY with �11 price target for Dec 2011. Recent price action has seen substantial volume with no signs of selling from the 65% core shareholders. Ignore the noise created by the shorters and BUY at this level.

Mirabaud and Cenkos are both laughing stocks to say that it is worth 2000p and 1100p respectively.

beautiful rise up over the past couple of days.

just about the only share doing so.

Pursuit Dynamics (PDX), the developer of the PDX Atomiser and PDX Reactor products and technology, has announced results for the six months to 31 March 2011 showing revenue over the period was up to 105k (2010: 79k).

Cash operating loss for the period was 5.0m (2010: 2.7m), reflecting the costs incurred in strengthening of each of the Lines of Business through increased investment in essential product development work, sales and marketing.

i starting to smell bears burnt fingers who have been shorting the last 4 days

One of the biggest casualties today... truly over-rated... 20p will be good value for it.