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PET - Phoslock Environmental Technologies

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michael_selway

Coal & Phosphate, thats it!
Joined
20 October 2005
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Hi anyone own this stock and have any thoughts about it?

thx

MS

http://www.phoslock.com.au/faqs.php

What is Phoslock?

Phoslock is a modified clay product which removes soluble phosphorus from all kinds of water bodies including fresh, brackish and saline water. Removal of phosphorus reduces the ‘eutrophication’ commonly shown by algal blooms in water.

How was Phoslock developed?

Phoslock was developed in Australia by scientists at the Federal Government owned CSIRO and funded jointly by the Western Australian State Government's Water and Rivers Commission and the Swan River Trust. The research was initiated in late 1994 to remediate the Swan and Canning Rivers by reducing the level of phosphorus.
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Not my usual style I normaly like high ROE stocks with a history of profits but I speculated with a small holding in PHK recently.

Sales are growing and I think it is close to being cashflow positive (6-12 months) and maybe even a maiden profit.

IMO PHK does have a competitive advantage in the treatment of phosphorus in water supplies.
 
Half year results out yesterday, on the face of it not very pretty reading:

Revenue down 35%

Loss increased 24%

Diluted EPS (0.55) cents PCP (0.47)

On the positive side the company provided some excuses

"Sales for the period were affected by several projects being delayed in Europe and North America by 6 and up to 12 months"

On the positive side the outlook looks fairly good for PHK.

There are some nice numbers / forecasts in None 8: Going Concern that point to some nice earnings if targets are met.

Previous forecasts by management have proved to be not completely ficticious.
 
Love to see directors buying on market in companies I hold

Laurence Freedman 540,076 on 2/3 :D
 
robusta, I like the look of this but wasn't Freedman involved in Equitytrust?

Cash flow positive quarter ann today.
 
Gringotts Bank said:
robusta, I like the look of this but wasn't Freedman involved in Equitytrust?

Cash flow positive quarter ann today.
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I have no idea, I will have to look into it. I have never looked at Equitytrust

Great news about cashflow today however.
 
Thanks, I like this story of PHK. Think I'll wait for a pattern to form. Chart a little bit formless right now. Needs some volume desperately.
 
Is P before or after "Q". I was lost but now I have found PHK under Q - Z :)

Interesting this company. The way the product works.
 
The work currently underway in Canada sounds intresting. (Just reading the last ASX Announcement.) May be this is why the SP has risen over the last few days.

I will keep it in the watch list for now.
 
tryin hard said:
The work currently underway in Canada sounds intresting. (Just reading the last ASX Announcement.) May be this is why the SP has risen over the last few days.

I will keep it in the watch list for now.
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I will look forward to seeing the cash flow for the current quarter for PHK.

Work in Europe and Asia will also be of interest.
 
Action so far this year...

PHKs.gif
 
I'd give this one the thumbs up :xyxthumbs as price continued higher.

The company is slowly building it's business of cleaning lakes and has recently won a contract in Poland.
I have been buying a little recently as the weekly chart shows a series of higher lows.
Unfortunately the daily traded volume is too low for me to include it in the momentum thread.

phk1312.PNG
 
Since my last post, price has gone higher, tested the 0.25 level and is now sneaking higher on above average volume.

phk1806.PNG
 
Well spotted Peter. PHK has carried on moving north since your post on Monday and looks set to break through 40c. Volume remains above average and daily ranges have been increasing. Some real interest in PHK at the moment.

big.chart-PHK.gif
 
It went up to 41 cents before closing at around 38.5 cents today. I missed it because I was looking at another water company. This is a typical habit of mine. Missing the boat!
 
I actually did not know what I was doing with this 3 month chart. I actually do not know what I am suppose to be looking at. I just think Phoslock has a very big future because there are so many lakes around the world that need cleaning up. Think of all of the phosphate fertilisers over flowing into the rivers and lakes. The heat wave in the Northern Hemisphere causing algae to grow in rivers and lakes.

I still think that I missed the boat. I am so upset that I did not hear of Phoslock 3 or 4 months ago.

Thanks
My PHK Chart 24 July 2018.png
 
once the product flocs and sinks to the bottom, what happens to it?

my experience with al based flocs is they rise to be skimmed...cos they are nasty.
 
Hi @HelloU

http://www.phoslock.com.au/site/what-we-do/products

It combines with Phosphate to form a type of 'sand'. I don't believe it will rise to the top.
forms a new inert mineral called Rhabdophane.
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It has taken them so many years of trials, etc. Now they are winning contracts to clean up lakes.

This Capital Raise was well over subscribed.
http://www.phoslock.com.au/site/PDF/3204_1/55mCapitalRaisingheavilyoversubscribed

I missed out on 36cents (and lower). I wished I actually paid attention to @peter2 and @greggles charts rather than just think "another chart". There was a real story here and I never read it until it was too late.

Unfortunately, due to lack of funds, I only brought a "speccy" amount of shares when I believe that I should invest more. If I can find funds, maybe I should 'average up'.

Here are some of their recent successes:
http://www.phoslock.com.au/site/what-we-do/global-applications
 
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