Anyone hazard a guess as to whether the big 270,000 turnover was a buy or sell. Good positive movement here today after little movement for a forthnight, maybe word on the Aiden deal with Severn water is starting to bubble to the surface

The company has a long way to go. It has loans and the directors are owed salaries.
Short term it has been good to me, not sure about long term. Needs more orders with profit to start building. Not so easy in these times.

dc - hello mate and well done selling at a profit

pip has been on my radar for a while - but i missed this excellent rise as wasnt in!!! lol

however i believe 2012 will be a better year contract wise - others are watching pip and no one serious likely to buy at these levels hence low t/o shares last week

but do keep this in mind:

a staff of around 50 + as a rule of thumb really needs a t/o exceeding or in the region of 3 to 5M to be profitable - so 400k contract win no great shakes imo

pip margins in rail will be low - maybe as low as + 3% over cost

however what do they have in the funnel / pipeline that is the question of course

imo you did the right thing cashing in - and - lol i have got to wait for this sp to drop again b4 i can consider this one - i might be wrong but would be surprised if i am (famous last words!!!)

at t/o for 6 mths give or take 1.7M pip are at low end of a break even to near profit ratio

watch the convertibles - yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaa

forgot - also did they say when the contract win starts and for how long et cetera?

Thanks gibby. I also note in the 8th March note, 6 months turnover was 1,711,000
of which 225,000 profit. About an eighth of turnover to profit. Roughly an eighth of this new 400,000 order (50,000 profit) real rough i know. I think the work was going to be done 1st quarter of 2012. They need a lot more future orders?

The groups subsidiary QM Systems signed the deals with Knorr Bremse Rail Systems UK Ltd (KBRS). It will provide production and test facilities for KBRS that will be installed and commissioned in the first quarter of 2012.

AS dragons den would say ' I'm out' lol

cheers dc - q1 2012 - ok ta - & lol yes i think 'i'm out'is best for the moment - and agreed if you were sitting in that chair with a wad of cash at your side and pip walked in i would be firing loads of questions at them - maybe pip will be in the next show lol!!

that so called profit they state - it all depends how that is calculated - dont have time to look at their balance sheet right now but i bet that is gross rather than net (i.e. bottom line) - if gross no where near as good / almost hardly worth the bother at these levels

and yes defo need more orders preferably larger ones!! gl

http://moneyam.uk-wire.com/cgi-bin/articles/201110120700180047Q.html

up 20% today

WOW! PIP has put on a little, sp now just over 3p.

I guess I should be trading this loser......OP suggested �1, Ho-Ho-Ho!

Gibby, inclined to agree, profits are very poor - I guess they haven't really found the commercial use for this tech . . . maybe now is the time for them to move into something else? ....... BTW I get very confused by their other divisions and suspect at least one is always dragging down the others.......Ho-Hum.

EDIT (7Feb2013)- I see GW has managed to buy a lot of shares at 1.5p - yet the sp never went below 3.1 (DYOR), so maybe he knows a good Broker? (or, one only happy to shift dead stock, eh?)
EDIT 13Dec2013:- AGM today, sp rises 10%=now 5p, yet Dir GW buys £12k-worth at 1.5p showing an enormous profit for a small stake . . . how'zatt?