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Faraday just published a research note on DIA, another LED lighting manufacturer. I think their research is applicable to PPIX, which I think is a cheaper/better stock to take advantage of improving LED market...You can download the research note for free from their website. PPIX results due tomorrow could prove just their point in improving LED market..tomorrow could show possible break-even, or profits.. (check this out again http://goo.gl/fevhPI)
Hi Sonia - check this out http://goo.gl/801Cym News will be out on Tuesday, 26 August..
You are welcome mate...The thing is this will move very fast once it is on the radar due to very low amount of shares in the market..the key thing is to get in before everyone else...while it's still under radar. Although I doubt it is still under radar at the moment after the blog... I think many will be watching this one..10p will be there if 26th August result shows break-even or profit..
Cheers for the info mate. I'll be watching from the sidelines for a while longer but hope to jump in soon. Good luck Krav
This can rise to 10p easily...this spread wouldn't even matter... there isn't many shares around, hence the wide spread..
Looking good I might have chucked something in here if the spread was tighter and I thought 15% was bad over on the WRES side of things gla here though should be a fun few weeks :)
shares were acquired at 120% premium recently, at 5p... anything under this is a bargain... 3.50-4p is a good value IMO
Steve - half yearly report will be released on 26, next tuesday..which could show break-even or profit Large spread is always the case here.. MMs are lack of shares..I witnessed this myself in the past.. I've been holding this for a while..
What news is expected here then? Why the wide spread, mm's playin games or lack of shares?
Results due on 26th Tuesday...possible break-even or profitable again...
http://goo.gl/801Cym Strong buy ...results due very soon..
Are now a large majority shareholder? Can anyone please give a bit more background as to why a newbie on this board may consider investing here? I've heard rumblings but not enough to commit yet. Are PPIX considered a potential take over target?
Looking good for recovery... http://www.investegate.co.uk/prophotonix-limited--ppir-/rns/annual-financial-report/201403250700240583D/ Financial Highlights · Revenue increased 12% to $15.6 million · Gross profit increased 38.6% to $6.0 million · Gross profit margin improved to 38.3% · Operating loss declined 62% to $1.2 million(1) · EBITDA loss declined 73.8% to $0.7 million(1) · Order bookings increased 17% to $17.6 million · Backlog at December 31, 2013 of $6.9 million grew 31% · Percentage revenue by market sectors: industrial 79%, medical 16%, and homeland security & defense 5%
you could target 10p here easily..
is very likely soon..
I would have bought below 4p this morning but no point now. Blooming share centre
not much point in buying further, is there? at the offer price now.
careful
Broker won't let me :( been trying since 8
ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR), a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, notes that 600 Group PLC (the "600 Group") has announced that it has acquired 22,042,143 shares of common stock of ProPhotonix from existing shareholders, representing 26.3% of the outstanding shares of ProPhotonix, for consideration to be satisfied by the issue of 4,925,621 ordinary shares of the 600 Group. Based on the closing price per 600 Group share of 22.375 pence on 1 August 2014, being the last business day prior to the date of the announcement by 600 Group, this acquisition represents a price of 5.0 pence ($0.08) per PPIX share, which would indicate a premium of approximately 120% to the closing price of PPIX shares (2.275 pence) on 1 August 2014. ProPhotonix, incorporated in the State of Delaware, United States of America, is not subject to the UK City Code on Takeovers and Mergers ("City Code"), as disclosed in the Company's Admission Document dated 20 December 2010. Tim Losik, President and CEO, stated "The Board is pleased to see this level of interest in the Company's equity at what represents a substantial premium to market price. The Company has taken significant steps to reduce costs over the past 16 months, while increasing revenue, with considerable progress achieved towards positive EBITDA and cash flow. The Directors of ProPhotonix look forward to a positive and constructive collaboration with the 600 Group, which is expected to become the Company's largest shareholder on 8 August 2014." Enquiries:
and no-one even noticed!
only the rise .....but why ?
Ok, thanks for that..i have an eye on it.
A couple of years ago the mcap would have looked a whole lot more impressive but I think that the market for one of the main PPIX products simply disappeared almost overnight (Solar simulation). I think that they had to get their product portfolio re-alighned but it appears that process is progressing well looking at the latest figures and forcasts. So I suppose I am saying that I think that the current mcap probably reflects where they were say a year ago rather than where they are now and that in my view the mcap should be rather more impressive than it currently is. Obviously if the rest of the world starts to come to the same sort of conclusion they will start buying some shares and the mcap will head north.
Whats your thoughts on why this company has such a small Mcap..whats being missed here??