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I understand the accounting treatment on the part that come directly to them for coating as advised previously as you rightly state. However my concern was the very clear statement that more gas was required to coat a complex part and thus this had increased costs and reduced margin. This to me is a clear pricing error and creates doubt about future margins, which is not good. Potentially there are material contracts coming down the pipeline and you just cant get pricing wrong. Plus these are all really clever engineers who should be able to work this stuff out in their sleep. Anyway the lower pound will help when those USD get converted But as you say revenue is positive, just need to hold the margins now.

Will be with us soon. 1st time on paper we will see the revenue impact of the strategy. Those % increases will grab attention. Then people will be able to confirm the FY rev growth. Combine that with current activity and 2019 starts to look attractive. Argentina bit of a drag with bono banging on but no news is good news and not in the press this week. So my general point is the interims will be confirming material changes that have been happening and that PL has been talking about. So here is my punt on H1 revenue $29m USD. Yours????

Not really sure what the point of that interview was a complete waste of time. No mention of any aerospace update and very bland. Really struggle with how they got the pricing wrong on a contract. It must be the sq route of nothing with the amount of cash pumping through the oil sector at the moment. And then creates doubts about margins on future work. No surprised with the slide in sp and market cap. Think a steady slide down to 1.5p is on the cards. Could be long few months

Think it will be a few weeks yet. It has potential to look like they are reacting the the sp drop. I would say 4 to 6 weeks.

Just looking the progressive equity research note. So they were expect rev at 4.1m and ebitda at (0.8)m So here is my view 2018 Rev 4.6m Ebitda (0.8)m no change 2019 Rev 6m Ebitda 0.3m

Rev will be plus 4.4m

Revenue up to 4.4m. Ebitda in line with market expectations. Have a read and let me know what you think??

Well we will get some news soon. Year end is fast approaching and keen to understand hdd letter from america telling us about progress. Be good to beat the broker forecasts....

Interims will be late sept. Then you will have drilling updates so there will be a steady news flow between now and xmas. Plus then g20 or 8 whatever it is these days coming to town. How many eggs are people willing to put into this basket??? Will be good to see the published interim results plus will firm up full year expectations and more importantly 2019.

Hi Northern I just think people wont touch it. Brexit, argentina worries, people think bit coin is the greatest investment, the list goes on...... But my view is Argentina will come good in 2019/20 Oil and gas demand is growing and will continue to do so for a while yet. Ppc as per the presentation have three good strands of strategic development. The numbers and most importantly the cash will prove out. If things then start to turn people will start to take note.... I have topped up once with one more to go. In the meduim term 3yrs isee no reason why it cant be worth 0.5 bn. If paraguay lands who knowsss....anyone got a view on the type of production poss from para and level of investment/time required to get it up and running???

I was seriously think about dumping some bango shares yesterday for another top up but held back as they update next week. Time will tell...one of the other posters mentioned how tightly held the shares are. Plus spread are wide so mm must love them.... Any sign of the video yet??????

Ticking up

I agree. I was invested in Trafficmaster a few years back and that got taken private with Private equity getting a great value company. Yes they must have a plan as you say £20m paper loss is a tough one. I start sweating when loss a couple of hundred. I am not great at riddles so thats me stumped. See what today does.

Over $80 today ....... Iran.... Fall in US stocks ..... Venz in a complete mess ....... Iran worth 2m barrels per day out of the market... Gg of hsbc say brent could hit $100

Hope JW is having a drink tonight. How was your day luv??? Not bad thanks wiped out about £6m in about nine hours but apart from that all good thanks. Make mine a double....back to school tomorrow and roll on H2...

Like it

If it gets to 55p then i might go in for some more. H1 was always going to look worse. H2 and more importantly 2019 is what will create value. 1m devices with recurring revenue is what sparks my interest. Waiting for my better half to renew with Aa so we can get a car genie. Plus going ask the aa to include in the renewal price. See how i get on.

I already have.

I thought it levelled at 65p. Whatever was said at the meeting did not help.

This was a story on bloomberg on monday. Despite US vs China trade concerns the oil supply outlook looks tight prompting concerns of a supply squeeze. My view is the local issues in tt will be a headwind for a bit as you say with oil prices at reasonable levels then the cash flow will be good.