Australia's largest stock trading and investment forum Australia's #1 stock forum

PET

Click for more information

0.00%

2.5¢ phoslock environmental technologies limited

Ann: AGM Presentation, page-14

First 14 Last

Share
Profile

Follow
saltyXpanda

38 Posts.

5

26/11/18

12:16

Post #: 36639241
Share

Originally posted by edshann: ↑

Sharp share Price drop today.
AGM said there were $200 million in projects in the pipeline, but did not say how that was defined. It must involve projects we are hoping for, but may or may not get.

We were told two thirds of revenue prediction of $27-30 million would be in second half. In response to question how much of the second half was definite Rob said around half. That suggests we will do $10 million in first half and that around $10 million of the second half is firm. Problem is we have no clarity as to what they are.

Most companies getting contracts announce their order book or work in hand, as well as tenders. This provides a tguide to definite and potential work and its status. While PET provides a forecast we have no clarity on definite work ahead. This is partly a problem of working in China where orders seem to be vague.

Until we get clarity on coming work the share price may remain under pressure.

Expand

Agreed, market penalising the ambiguity of future works. Was the forecast revenue amount always announced within the range of $27-30m? Market may see revenue slipping more towards the lower of the range.

PET Price at posting: 36.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 23 more messages in this thread...

First 14 Last

Add PET (ASX) to my watchlist

(20min delay)
Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $15.60M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

PET (ASX) Chart

Day chart unavailable