Proton Power Systems (PPS) recently provided the market with a trading update informing the market that revenue for the current financial year is up 250% on the previous year. PPS also reiterated to the market that long term revenue visibility is present for many years to come. This woke the market up following the recent wins of orders earlier in the year.
The company also stated that it has 3 main markets for its fuel cell systems – stationary, mobile, and maritime markets. I look forward to future orders received by PPS for these separate markets. In order to build up long term support amongst shareholders, I would like to see PPS acquire at least one new order (which doesn’t necessarily have to be large!) every 2-3 months from each of the markets it is targeting. Given that the world is a large place and with 3 distinct markets as the focus, I don’t think it’s too difficult a thing to achieve from the company if they can organise their orders and clients accordingly. For any larger orders, I think it would be better if the company could suggest to the larger clients to split these larger orders over a longer time period and then advise the company (and therefore the market) of filling these orders over a prolonged timeframe, which would be beneficial to both the client (to avoid having to pay large amounts in one go) and PPS, which can then fit them in appropriately with the infrastructure currently in place, alongside the other orders the company are satisfying.
Beximco Pharma (BXP) BXP informed the market that it has commenced exporting carvedilol to the US (5 August 2016) – the first Bangladeshi pharmaceutical company to do so and the market received this news positively. With the mid-price market close for BXP at 35.625p on 5 August 2016, it still remains at a massive discount to the BXP share price for its listing in Dhaka (currently the equivalent of just over ~80p!!).
Following nicely on from my first musical blog offering, it was MNEK who brought me next to Brayton Bowman. Admittedly it did take a number of mentions of Bowman before I accepted the bait - that was less to do with me jumping when someone says jump and more to do with me preferring to set aside some quality time to do a little research on Brayton Bowman and take time to digest whatever he had thrown out there.
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