(POGL.L) Plant Offshore Group Ltd Buy/Sell

with that spread they're avvin a larrrrrf arn they!

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http://news.bbc.co.uk/1/hi/scotland/8371949.stm

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Stock Junky - Thanks for the detailed report on why you are Buying POGL I agree with your view.
I was looking at Digitallook on the Oil Equipment & Distrobution Sector:
http://www.digitallook.com/dlmedia/security.cgi?csi=163346
I agree there is a steady rise in the sector at some time POGL will get itself noticed.
It is good to have bought in at current levels, as I do not think we will be at this level for much longer. As someone said it is good to be strapped in with ones seatbelt on before Take Off. IMHO, DYOR

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GEML

Apologies for the delayed response. I've been suffering from man flu which everyone knows is a fate worse than death.

Why POGL? I started my research by studying the initial listing of POGL on AIM. As you are no doubt aware they listed in Jul 2007 and despite being fairly slated by many pundits the SP rose from 12p to circa 19p in the first week. The pundits were surprised because here we had an unknown Malaysian company trying to raise £2.6M on a UK market. The management team were unknown, their fundamentals were fairly sound but there was no evidence to support a rise, let alone the meteoric rise of 60% (I've read many posting from the private investors that were getting carried away at around this time and its the normal story with so many AIM investors. They let their emotions get the better of them and the amount of 'I'm in' postings at 14p, then 15p and then 16p etc are quite 'scary' and many of them were predicting the SP to reach 25-30p in the short term.) The listing was geared to raise £2.6m at a prospective price earnings ratio of approximately 12 times their 2007 estimates. This would have given them a market cap of circa £21.5m. At an SP of 19p this rose to approximately £32m which was 15 times greater than POGL's 2008 projections. There was absolutely no way POGL were going to secure sufficient new business / contracts by 2008 to justify and / or maintain this inflated market cap.

We all know what happened to the markets in 2008. POGL started the year on bit of a high, the SP had returned to a 'realistic' level and they reported very good results to Dec 2007 that exceeded initial expectations (they had trebled their revenue to £140 million). In any other year this would have had a very positive impact on the SP but 2008 was not like any other year. During 2008 they struggled to secure new contracts, existing contracts were de-scaled or shelved due to financial constraints and the little gem that was POGL was unceremoniously dumped on the pile of Oil & Gas Equipment Services' granite chips.

So why am I throwing my hard earned cash at POGL? They had the worse possible start to their AIM listing. The MM's and over excited investors artificially raised, lowered and once again raised the SP to a level that POGL management were never going to be able to justify via securing new business/contracts. During the recession they have managed to stay afloat and have been recognised as one of Forbes' 200 best Asian companies with under 1 Billion revenue. The DOW Jones Oil Equipment & Services Index Fund is currently up 20+% since July 09. The POGL management and sales team have managed to secure £2.18M new business to April this year. And so-on

1.5p per share for this Pacific Rim 'granite chip' is supposedly risky, but it's a risk that I'm willing to take and I'm putting my money where my mouth is. DYOR please, check out the details of the initial listing (they're very informative) and check out their latest progress and fundamentals. I have, and I believe this company is a 'little gem' sitting in a pile of 'granite chips'.

Yours

SP.

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Just added, hope this works out as some anticipate (stating the obvious)

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Burnt my brain trying to understand the sunspot info, heavy going, Thanks for the links though GEML

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bbaw... Here is the link to the China Oil and Gas service industry which may have some relevance to POGL:
http://www.officialwire.com/main.php?action=posted_news&rid=35997

A piece of research I enjoyed read is this document:
Sunspots, GDP and the stock market
http://www.growth-dynamics.com/articles/sunspots.pdf

We have one of the largest Sunspots on the sun at the moment and are just starting cycle 24 of the 12-14 year cycle of Sunspot activity. This reminds me of the quote in the bible Seven years of feast and seven years of famine – i.e. the Sunspot cycle.
Read the article for more information but cycle 24 is just starting so the stock market could rocket. IMHO, DYOR
You can observe the Sunspots yourself at:
http://www.spaceweather.com

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I very much appreciate your info and will gladly have a look.

Here's hoping for some good news soon.

bbaw

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Hi Brightonboyaswell..., For some reason III is not very good at posting all the news on POGL, as on my system it is only showing one RNS under news. If you go to this link and scroll down you will see the news for POGL on ShareCrazy:
http://www.sharecrazy.com/share2607share/share.php?disp=share&epic=POGL
You will see they post news about every 2 months, so we are getting due for a news update from POGL.
One person has had confidence to buy POGL this morning, see link to PLUS trades:
http://www.advfn.com/p.php?pid=trades&btn=s_ok&symbol=PLUS%3APOGL.GB&minimise=
but there also appears to be two sell trades on LSE, which sort of balance out at the moment.
I am not sure how one goes about getting a share like POGL a higher profile? If you have any suggestions for how to get it on people's radar I would love to here?
IMHO, DYOR

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Seems well placed for recovery financially stable, just waiting for contract news in the mean time sp will just fluctuate in 1-2p region Ive been loading up around 1.45p -1.75p when got funds but at some point that price will be a distant memory when contracts are confirmed could be anytime but you have to be in on these early before recovery is priced in, not missing the boat on this one.

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But why is the price held back, can it just be its off most dealers radar ?

I'm considering adding more but would like to see some positive news from pogl them selves rather than sector news alone.

No disrespect geml.

When are results due ?

Wishing luck to all.

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Intoorbit... Plant Offshore Group POGL is in the right Sector, if this article is anything to go by:
http://business.scotsman.com/energyutilities/RBG-profits-up-in-oil.5826112.jp
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« Previous « PreviousNext » Next »View GalleryPublished Date: 16 November 2009
By HAMISH RUTHERFORD
RBG, the Aberdeen oil services company, saw a major boost in demand last year as commodities hit an all-time high, its latest accounts show.

The company, headquartered in Dyce – which provides "life of field" services for the oil and gas industry – reported a 17 per cent increase in turnover last year, to £291.8 million.

Oil service groups across the world have reported record results for 2008 after crude oil hit an all-time high of $147 a barrel last July.

Operating profits at RBG rose by almost £1m to £5.4m during the period, with profits after tax increasing 58 per cent to £2.2m.

The company took on hundreds of employees to cope with demand. RBG had an average of 2,965 staff in 2008, an increase of more than 500 against 2007.

Accounts filed at Companies House reported that RBG's directors were pleased with the continued growth in the business, with "substantial" investments in plant and equipment to enable more growth in the future.

Directors at the group shared a combined £676,000 in 2008, £153,000 less than in 2007. The highest paid director, whose identity is not disclosed, was paid £226,000, a 3 per cent increase over the previous year.

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I am waiting patiently on this one, just buying on any dips just bought another load at 1.45p, once it blows it will be like many others you look at in hindsight and say I wish I bought that when it looked ridiculously cheap, not making the same mistake here, if you can get in under 2p, once contracts are anounced surely its a multi bagger, dont care if it takes 6 days 6 months or 2 years this is a no brainer, not missing out on this one seems to be well placed for recovery within this potentially collosal market and necessary servicing industry which can only recover from now on, a risk like most others but upside far outweighs any downside risk. I want to be one that got in at the bottom.

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Welcome Stock Junky - could you share some of your research, which help you make the decision to buy into POGL?
My own view is that POGL is excellent value at the current share price; it is one of the un-noticed gems of the stock market.
It always amazes me that when a share is good value no one want it – POGL is a profitable company – lots of oil and gas companies are running at a loss, but lots of people want their share.
When POGL does start to move to its true value, everyone will pile in, but I am amazed they do not do what you have done and taken a large holding while the plane is still on the ground, you have put your seatbelt on and waiting for the plane to taxi down the runway – then up up and away?
Your comments would be much appriciated.

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Welcome SJ.

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Today, after 'nursing' a POGL iii trade plan (buy) for the best part of two months, my trade was eventually fulfilled. During that time I have had to significantly reduced the value (the amount in £'s) of the offer and have had to increase the limit price to achieve the trade. Fortunately for me I acquired the shares at over 25% less than the limit price I'd set but unfortunately have had to settle for far fewer shares than I originally tried to purchase.

Anyway my big toe is in the door, I hope to increase that to my entire foot and skinny leg over the coming months. These shares are the equivalent of 'hens' teeth' but I do believe this company is worth the effort.

Apologies for the uninformative post. Good luck to you all and I look forward to a long and prosperous relationship with this 'little gem'.

Regards,

SJ.

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Maybe some new orders coming to Plant Offshore Group POGL, see this news on developments of new Oil Terminal:
http://www.bernama.com/bernama/v5/newsbusiness.php?id=454747
November 12, 2009 19:53 PM

Pristine Plans To Build Oil Storage Terminal In Melaka

KUALA LUMPUR, Nov 12 (Bernama) -- Oil and gas storage facilities provider Pristine Oil Capital Sdn Bhd plans to invest RM900 million to build a storage terminal in Pulau Besar, Melaka.

Its group chief executive officer Captain Kamarulzaman Mohamed said the Melaka Oil Storage Terminal (MOST) project is scheduled to start by the second half of next year and to be completed in mid-2013.

"We are now in the process of completing the environmental impact assessment and it will be the first seaport and independent oil storage tank in Malaysia," he told reporters after the kick-off its new corporate branding ceremony here Thursday.

Kamarulzaman said Korea's Samjung TCN and MSK Corporation Sdn Bhd had been appointed as the main contractor and contracts worth about RM700 million were awarded for the proposed project.

Engineering conglomerate Siemens Malaysia Sdn Bhd will build a five-megawatt power plant costing US$50 million (US$1.00=RM3.38) and provide the latest technologies in electrical, instrumentation, automation equipment, tank process control and applications, he said.

"The terminal will cater to the demand of the marine industry such as Petronas, Malaysian Maritime Enforcement Agency and international oil traders," he added.

According to Kamarulzaman, Pristine will raise funds via a syndicated loan for the project, with between 70 and 80 per cent to be raised locally and the remainder from offshore.

He said the terminal could become an alternative for local customers who are currently using a terminal in a neighbouring country.

The construction of MOST on 32 hectares of land will be carried out in four phases, comprising the marine terminal and jetty, multi-purpose oil storage tanks farms with 360,000-metric tonne capacity.

Kamarulzaman said there were close to 40 billion barrels of crude oil reserves, with more than 11 million barrels being transited through the Straits of Melaka alone.

To date, Pristine has paid RM516,000 to the Melaka state government, of which RM400,000 is for land premium, RM100,000 for commitment fees and RM16,000 as ex-gratia to fishermen to show its commitment to the project, he said.

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GEML, you get my vote, and as long term investor, I agree wholeheartedly with the article.
I have mentioned in previous posts about the investment in Renewable Fuel Corp, which you have not mentioned in your posts. In my view this is very significant, and could well be holding back the share price.
Keep up the good work.
O13

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Plant Offshore Group POGL is well situated to take advantage of the Investment Growth in Malaysia Palm Oil Industry and the Offshore Oil and Gas Industry. Here is a comment from a recent RNS notice of potential growth:
Hang Chin Juan, CEO, commented: "We are delighted to have won this sizeable and competitive contract which illustrates the strong demand for our EPCM services.
In addition to the other new business that we have won since the beginning of the year, the Company remains confident that it can maximise its significant
experience and technical knowledge to secure further contracts in the near future."

--- Here is a supporting article about why to invest in Malaysia; see point 9, to make it more relevant to POGL.

Ten Reasons to Invest in Malaysia by: David Hunkar November 08, 2009
http://seekingalpha.com/article/172077-ten-reasons-to-invest-in-malaysia
Unlike its neighbor Singapore, the country of Malaysia is often overlooked by investors. The economy of Malaysia is commodity-based with palm oil, crude oil and rubber being the major exports. Among the Asian emerging markets, Malaysia has some unique comparative advantages. Some of the top reasons for investing in Malaysia are listed below:
1. The Malaysian banks was virtually unaffected by the global credit crisis last year that decimated many banks especially in the western world. The Top Banks such as May Bank, Public Bank, CIMB and Malayan banking (MLYBY.PK) were not involved heavily in derivatives and weathered the crisis easily.
2. After the Asian crisis, Malaysia enacted many regulations which prevented the reckless flow of capital into and out of the country. These regulations require that capital invested in Malaysia stay invested for some years before they can be taken out.
3. As the world’s largest producer of palm oil, Malaysia has a leadership position in providing cheap edible oil to many developing countries. Palm oil is a cheaper substitute for vegetable or sunflower oil which are used in cooking. There are many huge palm oil plantations in Malaysia which benefited nicely last year when palm oil prices soared. Kuala Lumpur Kepong which trades in the OTC market with ticker KLKSY.PK is engaged in palm oil and rubber production among other products.
4. In 2008, Foreign Direct Investment (FDI) into Malaysia increased by 38% (RM 46.1 Billion) from the previous year. Australia was the largest investor followed by US, Japan and Germany. However this year, FDI plunged to just $13 B from January thru May. But in the future FDI may increase substantially as the government has announced many liberalization measures and the country holds potential in sectors such as renewable energy, manufacturing, etc.
5. Since Islam is the largest and official religion in Malaysia, the financial sector follows the principles of Islamic finance and take very low risks compared to banks in other countries.
6. Since Independence from the British, the country has been a Parliamentary democracy with a stable government in most years. Hence political risk is low.
7. Corruption is lower in Malaysia relative other ASEAN countries such as Indonesia, Thailand and others.
8. In addition to palm oil and rubber, Malaysia is blessed with an abundance of forestry, fertile agricultural land minerals like copper, iron-ore,etc.
9. Crude oil and Natural gas were discovered offshore in the 1970s and today Malaysia subsidizes gasoline for domestic consumers and is a net exporter of crude oil. The famous Petronas Tower is owned by the national state-owned oil giant Petronas.
10. While Malaysia has failed to succeed in innovation based industries like IT, biotechnology, semiconductors, etc. it has been able to excel in the agricultural and commodity sector and more recently is heavily encouraging the growth of tourism, healthcare and education sectors. Genting Berhad (GMALY.PK) is a major entertainment company that operates the famous Genting Highland Resorts outside of

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I get the feeling you like long shots/outsiders. have a look at Kefi

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