Member Info for Alocasia

BUY Price 191.25p Target price DCF>2000 p Market cap £143.56m Short Term Catalysts Merchant Securities 11 August 2011 Pursuit Dynamics (PDX.L)  Lacking confidence: Pursuit has been a major casualty of wobbling confidence, yet the outlook in our opinion is better than ever before in the company's history.  First revenue generation: Contracts, already announced for the group's reactor technology in the bio-ethanol market, will now be contributing and we believe the large MABE contract should start revenue generation this month following proving trials. The start of the limited anaerobic digester trials with Thames Water will surely lead to updates - and we have requested a visit to see the unit in operation.  Including decontamination sales: The decontamination JV with Kaercher will be due to report the commercial availability and the first sales of portable and trolley mounted versions. We believe, as well, the recently announced decontamination technology for brewers could easily see a German contract announced soon (reflecting recent success in the world’s most important brewing market with its reactor system).  Licensing deal expected: We still expect a major licensing deal, with major blue chip names such as Proctor and Gamble, Kraft/Cadbury's or Airbus are obvious potentials in our eyes. With market opportunities in bio-ethanol, decontamination, anaerobic digestion and fire-mist all very real, we see news as a major driver over the next six months. http://oilbarrel.com/media/pub/var/release_downloadable_file/32494.pdf

Are you still in Provexis? Think they really dumped on the pi and it will be for very long term holders only, but if you are patient, good luck with that one. Mind you, everything's a bargain at the moment!

Yes, I think they believe it is un-American to have to alter their god-given right to have big houses and big gas-guzzling cars and anything else they just happen to want. Even now think that "cut backs" is a dirty word only used by foreigners, who live in some irrelevant country somewhere (i.e. not in the US). Isn't it a pity, since we are actually implementing our cut backs like good little people, that we cannot just live in our own bubble and be protected from the mis-management of other economies. Not fair, that despite our best efforts, and despite staying out of the Euro, our stock market is still being pounded by the lack of any serious action by the US and European governments to bring their own debts under control. And what's with all this rioting in European countries when cut-backs are suggested? We know it's the banks faults and not the people's, but face reality, do they really want their country to go bust? Like I said, the world's gone mad, and who know's where it will end! We are caught in the middle of it now and just got to hang on.

Jackson Wong, vice president of Tanrich Securities in Hong Kong, said. "When the dust settles, if the situation doesn't get worse in the U.S. or Europe, the situation will rebound. But the U.S. has to stabilize."

Moro, my friend, where have you been? The world's going mad! This is just the Mayan prophecy unfolding. By the end of next year you'll have no more worries. Of course, we're holding....otherwise how will we know how it all ends! Seriously, take a look around at all the stocks - this is bigger than just Tan.

certainly knows when to get out. Must have a crystall ball !! Anyone know where I can get one ?

You say this is your main concern - are you invested here already or thinking of investing - just out of interest, if you don't mind me asking, what has attracted you to this share if you have these major concerns? I really don't know anything about the mechanics of it, but you sound like you do, so if you want to know the answer to your question the only way is to contact investor relations at PDX and ask them on the basis that you are an investor or thinking of investor and would like to have a major concern addressed. I don't imagine there are any engineers here who will be able to answer that one for you so you need to get it from the horse's mouth as you say it is your main concern. I expect the bosses of these firms who have taken on the PDX technology are no mugs and will have looked into alternatives, but it is an interesting point if you say there may be an alternative cheaper technology out there, but I can't see that Roel Pieper wouldn't also be aware of it as well and know that his process is infinitely better and worth investing in. If you do get an answer I'm sure everyone on this board would very much appreciate you posting up the explanation in layman's terms if you could.

Hi Tony, Thanks for the comforting thoughts. Yes I do agree, great time to buy - love to go round and top up all my investments rights now (did manage a tiny top up on one of them) - but trouble is I really don't have cash available because I spent it all on investments already - prior to the big drops!!! So, while I agree it is a great time for the brave to get in, it's not so great a time for the foolish who got in much earlier, thinking we were starting to come out of the recession, and paid higher prices for the priveledge of becoming a shareholder. We now have to sit back and watch everyone else with ready cash mopping up the bargains, while we have no cash to join in the feast! Well, that's where I am anyway. Hence I still feel inclined to offer round the cyanide or spring roll - depending on whether you are happy to learn chinese. Quite clearly I'm no Warren Buffet because I see the old boy is still managing to make a killing in times like these. He's made $800m from lending Goldman Sachs $5bn to see them through the last financial crisis. Wonder how much he's going to lend them this time? !!

Yes it has been a pants week, but I did offer round the cyanide and no-one was interested, so life goes on! This time next year we'll all be laughing about it (probably histerically, as we'll all be talking chinese, as they will be the only country with any money left and will have therefore bought us all out). Easterninvestor - are you one of "them"? - oh no, the invasion has started already! Spring roll anyone?

We are told PDX remains committed to becoming cash flow positive by mid 2012, i.e. having more money coming in than going out, so by the end of June next year will any financial concerns be over for good? Any comments anyone? I think these are all the sorts of things we should be discussing and I’m sure there are those among you who are much better at figures than me and have probably studied the accounts in more detail, so I look forward to hearing other people’s views.

In November 2010 we were told P&G had signed a JVA and that P&G and PDX were expected to agree on an annual licence fee for using the technology in a range of manufacturing environments. Does anyone know if the licence fee has been established yet and if so what is? In April we were told PDX signed a “significant contract” with a major European food manufacturer and the company looked forward to announcing more food agreements in due course, but we have heard nothing more from PDX regarding this lob and I think we are due an update. Regarding speed of take-up of the technology, this would seem to confirm that the ethanol and new biogas lobs are the ‘fast growing’ lobs, since PDX tells us it’s only taking 2 -3 months from installation to contract for these lobs. In the latest RNS for the new lob (biogas) we are told that a commercial decision will be taken within 3 months of the plant being installed and this is the second such installation in quick succession. In a June RNS re the ethanol lob we were told “Altogether, the signing of today's agreement will bring the total number of plants installed or contracted to be installed to 13, with a total capacity of 914 million Gpa. PDX reiterates the guidance given in its interim results statement on 14 June 2011 that by the end of the current financial year it expects to have an installed base of more than 500 million Gpa and over two billion Gpa by the end of financial year 2012. The recent agreements with ABE and BFE, alongside that with Front Range Energy LLC announced on 25 May 2011, are part of the second group of plants with which installation agreements have been signed. Group two plants are expected to generate slightly higher revenues than group one plants, equating to a 30% share of the benefits. PDX maintains its guidance of US$ 2c to 4c per gallon as the overall average share of the benefits. PDX expects that it will typically take approximately two to three months after an ERS is installed until it moves to the next stage where commercial terms are agreed and the plant starts to generate revenues. Taking this into account, PDX expects the actual annual run-rate revenues from its Biofuels Line of Business to be substantial and, when combined with its modest expense base, a major contributor to PDX's overall profitability. PDX therefore remains committed to its outlook of becoming cash flow positive in the first half of financial year 2012”. We were actually supplied with some figures in this RNS. By my calculations, 500 million gpa @ say the old rate of 2 cents a gallon = $10m. So they are saying that by the end of this year they will have an installed base worth $10m per annum in revenue (note: this is not the same as actual revenue by the end of the year, but what could be achieved if all were in full production for the whole year). From then on potential earnings from this lob should increase multi-fold year on year

I don't agree with everything Macaque has said but I do think some valid points have been made. I disagree with the comment “their business model appears to be founded on selling premium priced solutions to solve fairly mundane process problems”. They don’t sell premium priced solution nor is what they do solving any process problem. Their business model is to cost the operator nothing – it actually saves them money, since PDX takes a cut of the saving the customer makes. And they are not solving any perceived problem in a process, they are merely creating greater efficiencies in the processes, which leads to the aforementioned savings. The reason why this is such an exciting stock is because in theory it’s a no-brainer – let me save you some money and we’ll share the saving between us! What’s not to like? Also regarding the uniqueness of the process, as you rightly point out we do have a lot of patents (120 and counting) and we wouldn’t be granted patents if the process wasn’t unique to us. However you bring up some interesting discussion points regarding the number of lines of business (lobs) that PDX are running simultaneously. Could we maybe do with concentrating on fewer? I guess unless you go down a certain path you don't know where it is going to lead. However, maybe it is time to stand back, take stock and re-assess which ones to concentrate on. Roel Pieper has said himself some of the lobs are fast growing and some are slow growing. Will the fast growing ones bring the money in quick enough to continue to support all the slow growing ones or should we be reducing the number of balls we are trying to hold up in the air? I think Roel Pieper has a grand plan and he sees PDX as a holding company for his growing number of ethical projects (10+ now?) but there can be a conflict between being green and watching the bottom line. I think maybe the ethanol and the new waste treatment lobs could be the ones to concentrate on. Having said all that, we are not really in a position to judge (mainly because not much information is forthcoming from the company). Maybe the slower growing companies could end up being the stars of the show, but we have very little to go on. The brewing lob seems to be at last making some slow progress, but there is no indication as to how much the German brewer’s 15% of the market will mean to us. The joint ventures with Karcher & the NNL sound good but does anyone know what income (if any) we are forecast to get out of this? Be nice if PDX could provide updates with forecasted revenue for these joint ventures.

The jolly nice companies over the pond went and employed more people last month apparently (US non-farm payroll figures) so mr nasdaq's a happy chappy again - just needs his cousins in Europe to start playng ball and and all will be hunky dory again in stock market la la land. Yo, Yo, Yo !

Another one you might like to keep an eye on is SXX. The Chinese are running out of Potash and SXX have bought the rights to a potentially large seam in N Yorks and just had planning permission approval for test rig. Good price at the moment of course but don't expect any actual mining activity for another 6 months, although they have other interests globally that could move the price in the meantime.

Welcome aboard! Wish I had your patience when making investment decisions, I would be a lot richer right now. Well done! (PS Keeping your eye on anything else at the moment? I'm always up for a tip from a savvy investor).

Another zillion pounds wiped off my trading account this morning. Guess this isn't looking like a good time for an IPO !!! Just one tiny bit of good news would be nice somewhere in the portfolio. Cyanide anyone?

The FTSE 100 slumped 191.37 points to 5393.14, a 3.43% decline which wiped almost £50bn off the value of Britain's leading shares. This is the lowest level since September 2 2010 and the biggest percentage drop since March 30 2009. So far this week - ahead of Friday's widely watched US non-farm payrolls figures - the leading index has lost 420 points, meaning it is firmly in correction territory with an 11% decline since its recent peak of 6082 in April. The FTSE 250 fell 423.95 points to 10,570.64 and is now down almost 1,000 points since Monday. The escalating crisis in the Eurozone, with policymakers and national governments seemingly unable to come up with a convincing solution to the problems, continued to unnerve investors, along with worries about a global slowdown. There were a number of sporadic share price suspensions as traders bailed out of stocks. Private investor favourite Pursuit Dynamics dropped 60.75p to 193.25p despite the technology developer saying it knew of no reason for the fall. Traders said smaller stocks were being hit as investors sold shares to meet margin calls.

Focus turned to boom lifts 3:22pm Thursday 4th August 2011 A LEADING North-East photographer, recently called upon to capture a North-East city’s buildings for a World Heritage Site exhibition, has turned his skills to filming cherry pickers. Andrew Heptinstall, who produced an exhibition for the opening of Durham City’s £1.25m World Heritage Site visitor centre in June, has been working with the Wearsidebased Tanfield Group to help boost its international business. Having produced stills photographer for the Washington firm’s Snorkel division, Mr Heptinstall was then called upon to produce a video showcasing its products, which premiered at a trade show in Las Vegas. Snorkel designs and builds aerial work platforms and the films are designed to give customers a 360-degree perspective of the products. Amelia Pearce, global marketing manager for Snorkel, said: “Andrew’s still photography work has brought a real freshness to our image portfolio, so he was a natural choice when we decided to move into video. “It is proving a useful tool for introducing our company and products to potential new customers, while our distributors are also utilising the films as sales tools.” Mr Heptinstall said: “Mobile technology means constant access to the internet and today’s customers want to see what they are buying immediately; these films allow them to do so.” Mr Heptinstall is now working on virtual tours for Durham University showcasing the campus’ architecture.

Scam? What scam? No, there was never anything going on. But anyway thanks for posting the “explanation”, which has eased my mind no end. Well, do pop along in another 4 years for your next tryst. TTFN!

Remember this rumour from back in April? All been suspiciously quiet since then. http://www.ft.com/cms/s/0/8b714788-70d6-11e0-9b1d-00144feabdc0.html#ixzz1TZUzz6nq Tanfield added 11 per cent to 44p on rumours the maker of aerial work platforms might sell its 32 per cent stake in Smith Electric Vehicles. Tanfield sold its zero-emission vehicles division to Smith Electric at the end of the last year. At the time analysts said the holding it received following the sale was worth £37m. However, it has retained a 32.2 per cent equity stake in Smith Electric which traders reckon could be sold.