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.

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.

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??????????????