thx, i new it sunk...and that csiro was part of this....so can only assume that quantities of 'stuff' lying on the bottom is not huge (or intrusive). I tried to research this some months ago (some european lake contract or something prompted me) and could find nothing about what happens when it sinks down. info tightly held but you would have to assume that the enviro peeps have given it a tick......anyway, good luck.
PET - Phoslock Environmental Technologies
- Thread starter michael_selway
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On August 21st, 2018, Phoslock Water Solutions Limited (PHK) changed its name and ASX code to Phoslock Environmental Technologies Limited (PET).
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The stock price of PET is stair-stepping higher quite regularly as the company grows.
The last two days with above average volume looks bullish as price comes off recent lows.
The last two days with above average volume looks bullish as price comes off recent lows.
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One of those companies making big bets on the future. Will it pay off?
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I noticed @peter2 has picked PET for the January 2019 Comp.
PET has has a great run over the last 2/3 years. PET seems to have found a bit of support over the last month at previous resistance levels (0.325 - 1st half of last year)
By the posts above it seems the company has a decent future and if price returns to previous high of around .47 this month that would return roughly 30%.
Not bad if it comes off, especially the way the market is behaving. Good luck @peter2
PET has has a great run over the last 2/3 years. PET seems to have found a bit of support over the last month at previous resistance levels (0.325 - 1st half of last year)
By the posts above it seems the company has a decent future and if price returns to previous high of around .47 this month that would return roughly 30%.
Not bad if it comes off, especially the way the market is behaving. Good luck @peter2
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Thank you @debtfree for looking after my interests.
PET: Since my last post, price has drifted lower with the market. The volume has been quite low so I don't see any indication of panic selling.
The potential for PET is very good as it's products clean up polluted waterways. Their manufacturing base is in China and there's plenty of contract opportunities in China. Although the outlook for PET (and it's share price) is very promising the management team will have a difficult time converting this potential into success without local and regional government support.
I'm wary of companies that rely significantly on Chinese markets for success. I'm aware that PET has worked in many other countries but the ultimate success for this company lies within China (IMO).
I've selected PET in the 2019 comp (and Jan19) and I currently have PET in several portfolios. I'm also waiting for another buy setup before buying more.
PET: Since my last post, price has drifted lower with the market. The volume has been quite low so I don't see any indication of panic selling.
The potential for PET is very good as it's products clean up polluted waterways. Their manufacturing base is in China and there's plenty of contract opportunities in China. Although the outlook for PET (and it's share price) is very promising the management team will have a difficult time converting this potential into success without local and regional government support.
I'm wary of companies that rely significantly on Chinese markets for success. I'm aware that PET has worked in many other countries but the ultimate success for this company lies within China (IMO).
I've selected PET in the 2019 comp (and Jan19) and I currently have PET in several portfolios. I'm also waiting for another buy setup before buying more.
greggles
I'll be back!
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PET breaking out today after announcing that the results from the trial application of Phoslock to an exceptionally heavily polluted lake in South West China has resulted in a 75% reduction of phosphorus over the first four days of the application. The results also demonstrated to government authorities that Phoslock was simple to apply and the application had no effect on fish, plant life and humans.
As a result of the excellent trial results, an initial order of +/-$1 million worth of Phoslock is currently being applied to a section of the lake. Authorities will review the results in early June, when it is anticipated approval will be given to apply similar monthly dosages thereafter.
PET seems to be on the verge of making real inroads into the Chinese market. With so much pollution of bodies of water in China the market is potentially huge.
PET up 15.56% to 52c so far today with an intraday high of 55c. Volume of around 4.5 million shares is the largest daily volume in the last 12 months.
As a result of the excellent trial results, an initial order of +/-$1 million worth of Phoslock is currently being applied to a section of the lake. Authorities will review the results in early June, when it is anticipated approval will be given to apply similar monthly dosages thereafter.
PET seems to be on the verge of making real inroads into the Chinese market. With so much pollution of bodies of water in China the market is potentially huge.
PET up 15.56% to 52c so far today with an intraday high of 55c. Volume of around 4.5 million shares is the largest daily volume in the last 12 months.
Faramir
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@greggles Thank you for posting up PET chart 12-18 months ago. Everyday you make wonderful contributions about so many stocks. Unfortunately I have a hard time trying to keep up. Maybe you are happy with me because I try to pay attention and brought PET after your post prompted me to do some research. Maybe you are unhappy because I should have more attention, have better concentration and find time (& funds) to investigate and buy others as well.
I felt stupid when I purchased PET 11 months ago after its fantastic run - I missed the boat!
This quarter, PET was included into ASX300. I think it won't take long to get into ASX200.
Northern hemisphere, especially Europe, will have a HOT summer this year. Lots of algae growing in lakes. Angry public researching and demanding PHOSLOCK for their polluted lakes. PHOSLOCK beats the other alternatives around.
Why didn't I buy more PET??? Should I average up? I will think about it.
I felt stupid when I purchased PET 11 months ago after its fantastic run - I missed the boat!
This quarter, PET was included into ASX300. I think it won't take long to get into ASX200.
Northern hemisphere, especially Europe, will have a HOT summer this year. Lots of algae growing in lakes. Angry public researching and demanding PHOSLOCK for their polluted lakes. PHOSLOCK beats the other alternatives around.
Why didn't I buy more PET??? Should I average up? I will think about it.
i hear u faramir (and thx to greggles)
i still cannot get the "sinking floc" thoughts from my mind - sort of "just get that nasty stuff out of public view". I still cannot find out what happens long term to the junk that settles on the bed.
anyway, that is why i bought more of a "filtration" water company (that has done nothing) and less of this - and that is why i hear u faramir #metoo.
Faramir
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This morning’s announcement shot PET up at least 22% at midday.
https://www.asx.com.au/asxpdf/20190701/pdf/4467vz6nrvgx00.pdf
Sitting on an average of $0.40. I am desperate for money. Doing better than 100%, I have bills. I think I will find money elsewhere.
I can’t let go of PET. I feel so impatient about it being a 3 bagger. $1.08 not long along, will $1.20 ever arrive??? I feel so bad not buying PET late 2017 but waited until I had funds mid-2018.
I have to admit that I use mainly emotions for choosing PET. Their story was too compelling for me. Hopefully never again will I be emotional - rightly or wrongly.
Another mistake, I forgot to tip PET in the ASF sharemarket comp.
https://www.asx.com.au/asxpdf/20190701/pdf/4467vz6nrvgx00.pdf
Sitting on an average of $0.40. I am desperate for money. Doing better than 100%, I have bills. I think I will find money elsewhere.
I can’t let go of PET. I feel so impatient about it being a 3 bagger. $1.08 not long along, will $1.20 ever arrive??? I feel so bad not buying PET late 2017 but waited until I had funds mid-2018.
I have to admit that I use mainly emotions for choosing PET. Their story was too compelling for me. Hopefully never again will I be emotional - rightly or wrongly.
Another mistake, I forgot to tip PET in the ASF sharemarket comp.
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The last announcement seemed very positive, and at first blush this company has a lot of potential. After the article in SMH spreading the word, the share price hiked a bit but today has dropped back down. Any guesses as to why?
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I bought into this company a long time ago........sold enough to cover my investment a few years ago at $0.20. and now it is showing the potential I thought it would have back then.
I think this is a company that is helping to improve the environment. Keep up the good work Phoslock.
I think this is a company that is helping to improve the environment. Keep up the good work Phoslock.
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PET directors have recently reported that they've sold some of their holdings to satisfy a "highly regarded major investment management group seeking to purchase a material stake in PET". Board and management owned 31% of the issued capital and have reduced that to 26%.
This selloff by the directors doesn't make sense to me unless they took this opportunity to grab some profit after PET's recent price surge. They could have used the insto interest to raise more capital but I'm unaware if they need it.
Price has drifted lower after the news and I'll wait for evidence of demand to reappear before buying.
This selloff by the directors doesn't make sense to me unless they took this opportunity to grab some profit after PET's recent price surge. They could have used the insto interest to raise more capital but I'm unaware if they need it.
Price has drifted lower after the news and I'll wait for evidence of demand to reappear before buying.
Faramir
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PET made it into ASX300. I wonder what will happen next. It is in consolidation mode at the moment. (Please let me know if you think I am wrong). I need patience for the next big contract announcement. I think it will be another lake in China again. Florida bureaucrats take a very long time to make decisions. Florida will come thru eventually.
The main competitor to PET is Alum flocs. It’s bad.
https://www.google.com.au/amp/s/rel...um-sulfate-clears-polluted-lakes-algae-blooms
Here’s a “pro” alum article
https://www.nalms.org/nalms-position-papers/the-use-of-alum-for-lake-management/
Another alum article
https://www.google.com.au/amp/s/www...um_in_eutrified_lake_to_control_pollution/amp
I heard that Alum flocs and copper flocs are banned but I cannot find articles to verify that claim. Phoslock just make inert sand.
The main competitor to PET is Alum flocs. It’s bad.
https://www.google.com.au/amp/s/rel...um-sulfate-clears-polluted-lakes-algae-blooms
Here’s a “pro” alum article
https://www.nalms.org/nalms-position-papers/the-use-of-alum-for-lake-management/
Another alum article
https://www.google.com.au/amp/s/www...um_in_eutrified_lake_to_control_pollution/amp
I heard that Alum flocs and copper flocs are banned but I cannot find articles to verify that claim. Phoslock just make inert sand.
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PET announced today that it has secured an initial $1.3m order for Florida Wetland and Lake Remediation projects.
Although I think their main source of revenue will come from China, they are also trying their hand in the US.
PET closed at $1.27 today.
Although I think their main source of revenue will come from China, they are also trying their hand in the US.
PET closed at $1.27 today.
Zaxon
The voice of reason
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It's nice to see we have companies with some international diversification on the ASX. The more the better.
So_Cynical
The Contrarian Averager
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Market cap of 670+ million with current annual revenue of around 20m - crazy valuation. And if they triple the size of the plant
spending 20 or 30 million they have a revenue of maybe 60 or 70? it's priced for something thats pretty much impossible.
spending 20 or 30 million they have a revenue of maybe 60 or 70? it's priced for something thats pretty much impossible.
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Yearly tipping comp top pick
Extract from sales forecast says it all !!
Chart - Good run in 2019 and retraced late in the year. I expect it to continue the trajectory shown and will be a nice stock to have in the comp.
Extract from sales forecast says it all !!
Chart - Good run in 2019 and retraced late in the year. I expect it to continue the trajectory shown and will be a nice stock to have in the comp.