Member Info for Sisyphus

The big boys are doing their maths and finally working out the margins on trans-shipment and bunkering! Definitely looking at a 'pound party' - was worth the chat with you over a few beers post-AGM! Definitely coming to fruition.

RedBull rise with wings! Somethings definitely brewing my friend - patience is paying off! Good interims yes - Rosbunker? Stratospheric.

when the bid price narrows to this miniscule margin - it's out there and news is on the way. Time will tell.

Bid price 20.2 for quantity and rising - interims due anytime - good news imminent. Anyone for the re-rate that PAN followers are all convinced is overdue? Under-researched share if ever there was one. :-) Nows-the-time

Expect big news on new contracts following deal with Monjasa which took effect immediately on signing. All three terminals - PBI Rotterdam/Dan Balt Denmark/Baltic Top Kaliningrad are currently at capacity and we should get good visibility going forward. I expect good interims with a huge hike in prospects for the full year since the big deals have happened just at end of interim period to June 30th. On that basis alone we must retest previous highs. It is stunning that the NAV is still above current MCap considering that we are trading at capacity with lucrative contracts for 2014 signed and the 'treasure chest' that is Rosbunker currently having no value attributed to it when it is worth £22.5m!!. Logic alone means that reward is the obvious outcome as the risk has been removed and the assets cover the MCap. The fact that we have a thriving and novel trans-shipment business working at capacity seems to be being overlooked. Basically we are under-researched and 'off-the-radar' of those investors who are preferring to watch highly speculative tech/oily exp stocks. Time and again history has shown stocks like PAN to soar when the market wakes up to the potential of it's newly engineered model - the future is oil-transhipment/bunkering - NOT storage. We are already there with SOTA facilities and the flexibility that is shown by the fact that all our terminals are 'at capacity'. Watch, invest and wait. With a derisory MCap of £21m and only 100m shares in issue the stage is set. Holders who have waited with patience whilst the jigsaw has been put together are about to see the grand picture. Simon Escott had the vision in 2009/10 to see PAN as a multi-terminal trans-shipment operation covering the European/Russian interface. Four years later we have the terminals, the ability, the experience and the flexibility to provide it. The barriers to entry are high and we have just signed a contract with the biggest regional user with others to follow. Bespoke fuel-mixing and ship to shore/ship to ship transfers at the capacity afforded by PAN are in high demand. Our Dan Balt facility has had a complete refit and is now operating with SOTA fast flow German pumps allowing our capacity to be raised accordingly. We handle our customers fuel so have no inventory costs allowing for higher profit margins with respect to overheads. Cost controls are implemented on a daily basis across the company and are being driven down by operational efficiency. 2013/14 is the year that this transformation crystallises - we are already seeing that with the pivotal Monjasa deal at Dan Balt and the newly implemented bunkering contract with a Euro oil major at Rotterdam. Nothing is certain in an uncertain world but PAN has all the credentials to be an excellent short, medium AND long term investment at this point in its evolution and at this share price. The rising mda's are testament to the fact that a rerate is well overdue. I have researched, invested and shared

http://monjasa.com/news/monjasa-deal-terminal-operator [This is correct link - omitting the date]

Expect big things! The deal with Monjasa this month is substantial and a massive plus for PAN If anyone doubted the huge potential created by the Monjasa deal read the last paragraph. This hasn't been posted here yet but gives an brief idea of how big an operator they are - check the website. I can see big things happening as a result of this tie-up giving us lots of lucrative contracts going forward. http://monjasa.com/news/monjasa-deal-terminal-operator Aug 11, 2013 Contract has commenced with immediate effect Terminal operator Pan European (PE) Terminals has started handling fuel oils and marine gas oil (MGO) for Monjasa. The UK-based firm announced on the 6th of August a new storage and transhipment contract with the Monjasa Group on behalf of its fully-owned Danish subsidiary Dan Balt Tank Lager A/S. The contract has already started loading and discharging multiple products, it said. The terminal, at Aabenraa in Denmark, is close to the Amsterdam/Rotterdam/Antwerp (ARA) bunkering hub and the Keil Canal. It has two berths and is capable of discharging and loading simultaneously. Bunkerworld in May reported Monjasa recording rapid business growth, with revenues rising almost 22% year-on-year to DKK 8.5 billion ($1.5 billion) for the full year 2012.

Absolutely right. Opportunities like PAN, at this stage in it's evolution, don't occur often. Being able to ISA it (under recent legislation) is great timing. The European assets alone cover NAV. The regular and growing profit stream is being ignored. The Russian Treasure chest is just waiting for the key before April 2014. If you want potential of this magnitude it usually comes with high risk. PAN is now become a company with very low risk but extraordinarily high potential return. DYOR and seriously consider an investment here.

Victim of predictive text!

Absolutely agree - think we should be hired as PR by Simon! We'd do a better job than Westhouse at a far keener price. Seriously, I think our last posts convey so much investor information that is not being put out by Westhouse. The change in the nature, progress and income stream is profound as we have highlighted. Totally and unreservedly agree with the view that 'once the penny drops' it will be too late to buy in. We have so few shares available on the open Market this will fly on any catalyst - of which there are many. Per argus ad Astra and all that :)))

I'm not given to charting on AIM shares but we are looking at a potentially significant point at present. Most people do 20/50/200 mda - try 15/40/180 as a trendsetter for it and the 15 is moving strongly up into/though the 40 and rising 180. A combination of the positive AGM plus this inflection point is doubly significant IMHO - time will tell but well worth watching.

Hi WLH - didn't get to meet you at the AGM - pity you had to dash. Thought it was very constructive [apart from Victor Meldrew in the audience :-)]. We really do have the traction to generate good profit this year. The company has indeed transformed itself over the past three years and we need a good PR team on board to explain what we do and how we do it. Many potential investors will think terminals = storage and that could not be more misplaced. We have purchased storage facilities and have upgraded to trans-shipment which is much more lucrative. The contract with Monjasa is a phenomenal coup and understated to say the least as most people do not understand bunkering [nicely explained by Simon yesterday]. To have negotiated the deal to tran-ship fuel [and mix on-site] before releasing for bespoke vessel refuelling is massively relevant to a step change in our growth. The fact that we have involved a supply chain from Klesch ]http://www.klesch.com/oil/klesch-petroleum] in our Dan Balt enterprise is highly, highly relevant as is the [guess who] oil major now using PBI facilities for air-mixed fuel bunkering. These are lucrative and bespoke contracts with a high barrier to entry since we 'handle, mix and levy fees for the process' whilst not actually owning the inventory! This is the future and we are in at a time when the maritime freight cycle is ascending from a low point. Bunkering/fuel mixing facilities will be needed in excess of current capacity and we are a highly flexible company to fulfil those needs. Expansion of this growth strategy is a formality IMHO. Pan European is in the process of tranforming the process of trans-shipment and bunkering of fuel using SOTA german negative-pressure pumping equipment with high transfer capacity. Bring it on. Rosbunker is the treasure-chest in the closet - the future growth is assured at Dan-Balt/PBI/baltic Top.

Very happy with the answers to my questions at today's meeting. Reassurance on 'deck-clearing' exercise with one-off debt provision (and tenacity to chase it) The introduction of the German/Klesch LCO contract looks very interesting wrt to Dan Balt. The Danish Aabenraa operation is now very slick and bunkering for Monjasa looks lucrative. Answers from Simon ticked all my boxes - ditto PBI and new usage by 'substantial' oil major. Rosbunker 'deadline' of April 2014 re-iterated and formula in place for settlement/cash-flow stands. Interims should look good in September with full year outlook escalating substantially as Monjasa kicks in. Rosbunker settlement - in any form - could effectively double current price. It is financially sound, we have legal entitlement in Russian law and it's ringfenced. The benefit of becoming a divi paying share is so high that I am certain it will be alluded to this financial year. Maiden divi could then follow y/e 2014? Lots of triggers for upgrades, just need the decent PR machine that isn't Westhouse. Timeframe of April 2014 for Rosbunker resolution and accretive

Be nice to get ProActive/similar involved to give a real hands-on snapshot of what we do and how we do it. Regular RNS releases are the key to effective shareprice management as it curtails a lot of wild and ill-informed speculation. There have been several missed opportunities to disseminate positive progress without disclosing client-sensitive information. Westhouse has been ineffective. The Pan European Terminals portfolio RNS released on 6th August was the kind of 'frontage' that Westhouse should have been showcasing. Excellent brief for those wanting a synopsis of PAN.

I certainly can't fault the logic or disagree with those projections - there are so many very strong positive drivers in the wings to kick this at 25p - 30p - 40p and well beyond. I expect more of a 'pulsed' rise as Rosbunker resolution/Dan Balt stats/Baltic Top margins/PBI doubled capacity kick in one after another. Time will tell but 20p is ludicrously underpriced on assets alone with total disregard for the underlying business.

Agree - spike at 23 then consolidating 21-23 short-term increasing to September prior to interims.

The annual report gave loads of information to extrapolate trends and significance - all of which are very positive and I certainly agree with Simon Escott's view that the future is bright - very bright indeed. Very conservative projections give forward p/e ratio of 6, realistically of 4 and potentially as low as 2-3. The wide variation is due to 1]doubled capacity at PBI [but with lower diesel fuel margins on that added capacity]; 2] end of inherited fixed term storage contracts at Dan balt with new trans-shipment contracts now in place with Monjasa 3] Margins achieved at Baltic Top were low in 2012 but improving into 2013 4] Possible replacement of the £8.5m loan note by shares at 22p - dilutive, but at a premium to current price which I have taken into my calculations. 5] Income stream from Rosbunker due before April 2014 [Alternative would be capital release which would blitz all the projections if the Russian institution bought out our 50%] So what do I guess??? I don't have a single scenario but I am darned sure that the current share price will not be here for long. Brokers Westhouse don't seem to understand the fundamentals of how we have morphed from storage to transhipment and their target price of 27p is both derisory and clear evidence of that inability. We need a proactive broker who sings our song. We didn't even get an RNS that the new Dan Balt facility was totally upgraded [and with doubled harbour capacity] by end June - on time and on budget! [Nice one Simon]. Said it last week and I'll say it again - decks cleared and ready to sail upward with sustainable momentum and no subsequent fallback. All IMHO obviously.

I voiced my strong positive opinions on PAN last week when the Monjasa deal was announced. Financial decks cleared and we are flying IMHO. Was busy this morning doing a few projections for this and next year - looking very strong indeed if we get the promised traction at Dan Balt with PBI and Baltic Top at capacity. We've captured market share at BT but need to continue to increase margins as we had started and was noted in the finals. Rosbunker is the 'elephant in the room' - we have several options - predicted resolution before April 2014. That means either sale or cashflow; either of which is fine by me and very enhancing for capital or eps. Couple of other observations for AGM - we have climbed the hill and the road ahead looks good - bring it on. Simon has done a sterling job this year in seeking and cementing contracts - the stage is set.

Snap! Worth any prospective shareholders looking at the Aabenraa queue! Hehe - loading and unloading. http://www.peterminals.com/media-centre/press-releases/2013/06-08-2013

'Buy rating' - 27p! - talk about conservative!! Wouldn't it be nice to see a sensible projection given this latest RNS. Better to stay quiet than re-iterate a known fact given that we have just issued a significant RNS regarding our latest asset - what a waste of space. [Correct platform this time!]