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PET, PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED
nipper
post Posted: Dec 3 2019, 09:38 AM
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Posts: 6,432
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QUOTE
Preliminary Sales Forecast $50-$70 million

The FY 2020 Sales Forecast is made up of:
- Phoslock® sales of 10,000-20,000 tonnes;
- Engineering & maintenance work in $10-20 million range;
- Phoslock® production capacity expanded to 40,000 tonnes annually by mid-2020.

By doubling factory capacity, PET will have significant additional tonnes of Phoslock® available for sale to meet additional anticipated demand from existing and new projects not included in the Sales Forecast range.

PET is currently on track to meet its FY2019 sales forecast of $27-30 million. However, the final numbers will depend on the status of major projects at year-end. For example, extreme weather could affect applications.

SP up slightly @ 90c



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 23 2019, 12:48 PM
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In Reply To: blacksheep's post @ Oct 21 2019, 01:48 PM

Substantial Board changes and a new focus of its activities in the US. Seems to have gone down well with the market. SP up slightly @ 95c

Board Changes
QUOTE
PuriflOH Limited (“PuriflOH”, “PO3” or “Company”) wishes to announce substantive Board changes consistent with
the focus of its activities in the US market, the ongoing development of various commercial opportunities and an
improved representation from its key stakeholders.
The following changes are proposed to be implemented immediately following the Company’s forthcoming AGM:
• Mr. William (Bill) Parfet will be appointed Chairman of the Board;
• Mr. Carl Le Souef as the sole shareholder of Dilato Holdings Pty Limited, the major shareholder of PuriflOH, and
co-founder of Somnio Global will be appointed as a non-executive Director;
• Professor Pravansu Mohanty as a co-founder and senior technical advisor of Somnio Global will be appointed
as a non-executive Director;
• Mr. Steve Morris and Ms Lucia Cade will resign from the Board;
• Mr Steve Annear will resign from the Board but retains his responsibilities with Somnio Global which will include
an executive role overseeing PuriflOH’s commercial activities in the United States;
• Mr. Simon Lill remains on the Board and will continue his executive role responsible for corporate activities
within Australia;
• As key participants within the business, the new Board Members, including Mr. Parfet, have agreed to not take
any form of remuneration for their Board activities.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 21 2019, 01:48 PM
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In Reply To: blacksheep's post @ Oct 16 2019, 11:24 AM

Seems ASX has requested further information on recent Director stock sales - the narrative was

QUOTE
The Company was approached by a highly regarded major
investment management group seeking to purchase a material
stake in PET. In consultation with the directors, agreement was
reached for the partial supply of the requested stake.


however they also sold a number "on market", which was included in the 3Y fine print, but not in their covering letter

The question I still ask is, as mentioned below, how secure are those pipeline projects - especially those in China, which are the greater value but only total 4 projects

QUOTE
The current project pipeline now totals some $330 million, comprising of $200 million in China
and the previously announced increased total of $130 million of new International projects
since February 2019


Shortman showing a rise in short positions recently - as at 14/10/19 = 0.75%
https://www.shortman.com.au/stock?q=pet

SP currently down 5.76% @ 90c
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 16 2019, 11:24 AM
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Posts: 6,791
Thanks: 2304


In Reply To: blacksheep's post @ Oct 4 2019, 03:41 PM

Current MC of this company circa $672 mil - cash receipts this quarter $4.6m. Directors recently sold a fair chunk of their holdings

Wednesday 16
th October 2019
Business Update
QUOTE
Key Points:
 FY2019 Revenue guidance reaffirmed at $27-30 million.
 Changxing Factory now producing at 20,000 tpa.
 Second production line to be completed by May 2020.
 PET debt free and Cash of $14.6 million.
Global project pipeline now greater than $330 million.


Remains to be seen how many of Project Pipeline actually proceed - sounds a lot, but subject to a couple of conditions (see below)

QUOTE
Project Pipeline
The current project pipeline now totals some $330 million, comprising of $200 million in China
and the previously announced increased total of $130 million of new International projects
since February 2019. This covers the period to end 2022 and includes over 40 International
projects and four Chinese projects.


The criteria for inclusion in the pipeline is for projects at an advanced stage, dependent on final
customer approval and/or financing.


QUOTE
Financial Commentary
Receipts from customers were $4.6m for the September quarter, making a total of $23.3m for
the first nine months (2018 pcp $7.4m). Operating costs (excluding raw material purchases
and taxes) were $2.3m for the quarter ($2.2m for the June quarter).

Manufacturing costs, including raw material procurement, were $5.1m for the quarter,
reflecting a major increase in business activity. As at 30 September 2019, PET held some
3,000 tons of finished Phoslock® at various storage locations (value A$9m), plus raw materials
to manufacture another 3,500 tons.
Expected sales for the three months to December 2019
are in the range of 4,000-5,000 tons.

Net Cash Flow from Operations (NCFO) for the quarter was a $3.5 million outflow. Raw
material procurement of $5.1m was the major contributor. NCFO was a record $7.3m inflow for
the first nine months of 2019

Group Profit Margins remain around 50% for the period.
Capital Expenditure for the quarter was $0.5m, predominantly for expansion works at the
Changxing factory.


SP down currently 5.44% @ $1.13. Total short positions as at 9/10/19 = 0.55%
https://www.shortman.com.au/stock?q=pet
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 4 2019, 03:41 PM
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In Reply To: blacksheep's post @ Oct 1 2019, 02:52 PM

Where have I read that before - oh yes, a couple of weeks ago when they sold down circa 27mil shares. This time around they sold another 10mil shares
QUOTE
Posted Sep 2 2019, 12:04 PM
Directors offloading - but it's OK apparently they were approached by "a highly regarded major investment management group seeking to purchase a material stake in PET" biggrin.gif Have heard that angle a number of times - sometimes it 's genuine, other times its a red flag - just IMHO


Comes a couple of days after "New Large Project in Wuhan, China". Directors have done well - sold pretty much at the top

Mr Zhigang Zhang sold 5.8 mil shares for $7.8 m
Mr Ningping Ma sold 1.6 mil shares for $2.2m


QUOTE
PET Chinese Directors execute strategic share sale
Following an approach by a well-respected Australian institutional
investor looking to purchase a meaningful stake in
PET, the Company’s
Chinese Directors agreed to sell some of their holdings in two crossings.
The PET Board and management still owns over 25% of the fully issued
capital of PET. This sale was coordinated to minimise market disruption.
Deputy Chairman Mr Zhigang Zhang commented: “Following this
sale there is no intention to sell further shares while the Company
pursues increased global traction for its products.


Chairman Laurence Freedman AM commented: “The Board
welcomes the vote of support that comes with such a substantial
investment and is encouraged by the growing level of investor interest.”


Gap @ 87c. Bit of shorting activity - as at 30/9/19 = 0.26% - https://www.shortman.com.au/stock?q=pet

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 1 2019, 02:52 PM
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Everyone's signing water clean up contracts in China - FLC also today

Tuesday 1st October 2019
QUOTE
New 30km2 East Lake (Donghu) project in Wuhan
City, the capital of Hubei Province, China


Phoslock Environmental Technologies (ASX: PET) is pleased to advise
that it has signed a contract to commence work applying Phoslock®
to the East Lake, China’s second biggest downtown lake, Wuhan City, a
3,362-hectare lake in Yangtze River Basin in Central China. The
specific details relating to the contract are subject to a confidentiality
agreement.

This new project will be an important application, opening a new field
of ecological restoration of the eco-environmental protection in the
Yangtze River Economic Belt in China. The Wuhan City’s lakes
area is vast, with 68 lakes larger than 100 hectares, most of which
are grade 5 (very poor) or worse in water quality

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


nipper
post Posted: Sep 20 2019, 01:52 PM
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In Reply To: blacksheep's post @ Sep 2 2019, 12:04 PM

QUOTE
Have heard that angle a number of times - sometimes it 's genuine, other times its a red flag - just IMHO

-seems like it's genuine. Liquidity increased, shareholder base engaged.

Holding onto gains since the May AGM / update/ accreditation in China. Recurring revenue from ongoing maintenance, and repeat customers - top-up or further associated projects ( once efficacy demonstrated)

and don't underestimate the amount of ESG/ "green" money flowing to such outfits




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Sep 2 2019, 12:04 PM
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Posts: 6,791
Thanks: 2304


In Reply To: nipper's post @ Jul 16 2019, 04:29 PM

Directors offloading - but it's OK apparently they were approached by "a highly regarded major investment management group seeking to purchase a material stake in PET" biggrin.gif Have heard that angle a number of times - sometimes it 's genuine, other times its a red flag - just IMHO

QUOTE
PET Directors satisfy significant institutional demand
Phoslock Environmental Technologies Limited (ASX: PET) is
pleased to provide commentary on the recent off market
transactions in the Company:

The Company was approached by a highly regarded major
investment management group seeking to purchase a material
stake in PET.
In consultation with the directors, agreement was
reached for the partial supply of the requested stake.

Board and management owned 31% of the issued capital and
were conscious of needing increased institutional shareholders as
well as increased liquidity for all shareholders. Accordingly,
directors decided to make small reductions in their holdings, in order to supply the
buyer, without disrupting daily share trades on the market.

The Board and management still own over 26% of the issued capital of the Company;
the Managing Director and Chairman having held stakes for over 15 years.

The Board welcomes the vote of confidence from professional investor support that
comes with such a material investment and is encouraged by the growing level of
general investor involvement in the Company


Mr Ningping Ma sold 938,576 Ordinary Shares
Mr Zhigang Zhang sold 2,950,732 Ordinary Shares
Robert Schuitema sold 3,200,000 Ordinary Shares
Laurence Stephen Freedman sold 19,258,824 Ordinary Shares

All were Off market block sale of Shares to one purchaser. Roughly 27 mil shares may/may not be enough to initiate a substantial s/holder notice - none issued thus far

https://www.shortman.com.au/stock?q=pet
Top 20 Shareholders as at 18 March, 2019

QUOTE
Shareholder (including Related Parties) Number of Shares % of Total Shares
Link Traders (Aust) Pty Ltd 1 88,214,250 16.27%
ZZL Pty Ltd 2 36,666,667 6.76%
Evan Clucas & Leanne Weston 3 16,306,646 3.01%
Sail Ahead Pty Ltd 4 11,042,472 2.04%
Lesweek Pty Ltd 5 10,131,284 1.87%
HSBC Custody Nominees (Australia) Limited 6 10,064,896 1.86%
Citicorp Nominees Pty Limited 7 7,792,463 1.44%
Tingshan Liu 8 7,300,000 1.35%
David Colbran 9 7,200,000 1.33%
Quizete Pty Ltd 10 7,000,000 1.29%
Hongmen Pty Ltd 11 6,420,000 1.18%
Newvest Pty Ltd 12 6,249,113 1.15%
Kyle Passmore 13 6,000,000 1.11%
Ludgate Environmental Fund Ltd 14 5,944,426 1.10%
Fraser Enterprises - Fund 15 5,918,494 1.09%
Brett Paton Family Super Fund 16 5,830,556 1.08%
Sharky Holdings Pty Ltd 17 5,400,000 1.00%
Ningping Ma 18 5,312,000 0.98%
Mario Spiranovic 19 5,297,564 0.98%
National Nominees Limited 20 5,137,546 0.95%
Total 259,228,377 47.82%
Total Shares Issued 542,041,581 100.00%

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jul 16 2019, 04:29 PM
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Posts: 6,432
Thanks: 2241


In Reply To: jacsar's post @ Jul 16 2019, 04:05 PM

https://www.sharecafe.com.au/2019/04/04/thr...ication-market/



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
jacsar
post Posted: Jul 16 2019, 04:05 PM
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In Reply To: blacksheep's post @ Jul 10 2019, 09:49 PM


This link posted is 2 yrs old... nipper posted a more up to date article on the Fluence FLC site and is worth a read...cheers


Said 'Thanks' for this post: blacksheep  
 
 


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