Share Name Share Symbol Market Type Share ISIN Share Description
Petards LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 18.50p 18.00p 19.00p 18.50p 18.50p 18.50p 0 07:45:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 15.3 0.9 2.6 7.1 6.77

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Date Time Title Posts
12/12/201712:46Petard's Group - The Long Story1,072
09/9/201523:11Petards...winning lots of contracts 2013-2014735
21/1/201513:04Petards Group - The Long Story-
21/8/201416:23Petards is this the new PEG ? Shareholders look !52
18/12/201311:38*** Petards Plc ***2,528

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DateSubject
14/12/2017
08:20
Petards Daily Update: Petards is listed in the Support Services sector of the London Stock Exchange with ticker PEG. The last closing price for Petards was 18.50p.
Petards has a 4 week average price of 17.75p and a 12 week average price of 17.75p.
The 1 year high share price is 39p while the 1 year low share price is currently 17.75p.
There are currently 36,570,762 shares in issue and the average daily traded volume is 86,630 shares. The market capitalisation of Petards is £6,765,590.97.
09/11/2017
08:40
rivaldo: From the rather successful Chelverton Growth Trust's results yesterday - having top-sliced PEG at the peak (which may be largely the reason for the share price fall from the top given PEG's tiny £8.5m m/cap), they've been buying back again more recently. They now have 10.3% of their portfolio in PEG: Https://www.investegate.co.uk/chelverton-grwth-tst--cgw-/rns/final-results/201711081645339671V/ "The holding in Petards plc was reduced as the share price moved up very sharply and then towards the end of the year the holding was modestly added to at much lower prices despite very positive interim results. Petards plc supplies sophisticated products to the rail industry and is building a very large order book to be delivered over the next two to three years."
26/9/2017
13:42
rivaldo: Enough time has passed since publication to post WH Ireland's post-interims views. As I posted earlier, they see 2.12p EPS this year rising to 2.31p EPS next year. At 25.25p that's a forward fully diluted P/E of only 10.9 now, and an adjusted EV/EBITDA of less than 6. They point out that the order book has increased by 20% to £24m since the start of the year, giving excellent forward visibility. Here's their note: "Petards* Interims illustrate good progress; order book +20% Petards supplies advanced security and surveillance systems to the Transport, Defence and Emergency Services markets. H1 2017A results demonstrate a creditable performance, with growth in Transport and Emergency Services more than making up for a reduction in Defence sales. The order book has increased by 20% since the beginning of the year to £24m, providing excellent visibility over the next 18 months, including £8m order coverage for H2 2017E. Following the results, we have left our revenue and profitability forecasts unchanged, whilst reducing our year-end net cash expectation to reflect the increase in working capital and higher capex in the year. We maintain our Buy recommendation and 42p share price target. H1 2017A revenue increased by 8.1% to £8.0m, reflecting good performances in Transport, which accounted for almost two thirds of Group revenue, and Emergency Services, offset by lower activity in Defence, albeit with the latter ending the period strongly. The gross margin moved 340bps higher to 38.6%, this reflecting the fact that two of the six major eyeTrain contracts were nearing completion. Administration costs increased by £432k, in part reflecting a full period of costs from QRO, along with higher depreciation and amortisation following increased investment. PBT of £503k was 5.9% ahead of the prior six month period, with diluted EPS moving 3.2% higher to 0.98p. The Group ended the period with a net cash position of £33k (FY 2016A £0.8m), reflecting an increase of £1.1m in working capital and total capex of £585k, principally relating to three major eyeTrain orders. Management expects to see positive cashflows from these eyeTrain contracts in H2 2018E. The order book is reported to have increased by 20% to £24m as at 30 June, with eyeTrain accounting for more than 75% of this and including Stadler Bussnang AG on the list of customers for the first time. H2 2017E order coverage presently stands at £8m, with approaching £11m secured for FY 2018E. On the back of the results, we have left our revenue and profitability forecasts unchanged. However, given the anticipated working capital and capex requirements, we have reduced our year-end net cash forecast by £0.9m to £0.3m before expecting to see an improvement in H2 2018E. The shares currently trade on a FY 2017E fully diluted adjusted PER of 13.8x and adjusted EV/EBITDA of 6.0x. Given the level of secured work, in addition to the pipeline of opportunities, we believe that these multiples continue to undervalue the business."
12/9/2017
08:18
effortless cool: Mediocre results, with the promise of lower margins in H2. The fall in the share price this morning is not surprising.
09/8/2017
12:35
bookbroker: Seeing the size of PEG. in their portfolio, and the diminishing percentage of the portfolio that PEG. constitutes, it is clear they are having an effect on the share price here.
21/7/2017
08:55
rivaldo: Good progress today. PEG's share price has almost trebled in 2 years. There's no reason why they should make excellent progress from here assuming both the rail and electronic countermeasures businesses continue to do as well as they have been doing. Which they should for a while imo given the forward order books and prospects.
05/7/2017
14:07
bookbroker: This co. is essentially undervalued, I don't have an opinion about the share price retreat, other than what is stated above as regards the move already in the last twelve months, however I look at the order book and the consistency of earnings going forward through the next two years, so we are at a point where much of the progress is factored in, but the contracts won in the last three months certainly give this company more visibility!
04/7/2017
06:41
bookbroker: Now we need the share price to start reflecting these contract wins, like to see some foreign orders, surprised to see this tack back so far since last announcement!
15/3/2017
10:28
rivaldo: Personally I prefer PEG to reinvest their capital into new, improved products and marketing, which would bring about greater growth and potentially a share price two or three times the current level given the global opportunities in rail, electronic countermeasures and ANPR. Beaufort have increased their target price to 34p: "Petards Group (PEG.L, 28.54p) – Speculative Buy The AIM quoted developer of advanced security and surveillance systems, reports its audited results for the year ended 31 December 2016. Revenues rose 17% to £15.3 million (2015: £13.1 million), while gross margin up to 36.3% from 35.2% in 2015, leading to an operating profit increase to £1,095,000 (2015: £935,000 profit) and profit after tax £910,000 (2015: £765,000 profit). Having generated £1 million of operating cash inflows (2015: £1.2 million), cash at 31 December 2016 was £2.3 million (31 Dec 2015: £2.5 million) with the Group holding no bank debt. It’s closing order book was £20 million (2015: £16 million), having grown by £8 million in the second half of 2016 with orders received from Siemens Mobility, Bombardier Transportation, Greater Western Rail, Hitachi Rail Europe and the MOD. Exports increased by 57% to £5.3 million and now comprise over one third of Group revenues. The acquisition of QRO Solutions successfully completed in April 2016 for net cash consideration of £239,000, contributing £78,000 to EBITDA before acquisition expenses. Our view: In light of the strength of the Group's order book, with some £12 million expected to be shipped and taken to revenue during 2017, together with on-going discussions with both new and existing customers for further projects, the market should remain confident about Petards’ prospects for 2017. Importantly, an improved gross margin also reflects the quality of work being undertaken. On this basis, Beaufort has now upgraded its 2017E and 2018E earnings forecasts, to 2.2p and 2.4p respectively, implying P/E multiples of just 13.4x and 12.3x. Year-end net cash should also build out to over £1m this year, even though working capital and capital expenditure demands remain high. Improving visibility now suggests the valuation gap with larger peers in the support services sector should close, taking it to around a 15.5x, or 34p a share, for the current year. Beaufort retains its Speculative Buy recommendation on the shares."
14/3/2017
10:34
rivaldo: As well as raising their price target to 35p today, WH Ireland note that they have "conservatively" raised their FY 2017E earnings expectation by 4.2%. They also conclude: "Closing order book £20m; £12m currently scheduled for 2017 The order book at the beginning of the year stood at £20m, illustrating a 23% increase from a year earlier and almost 70% ahead of that reported at the interim stage. Importantly, the order book for FY 2017E currently stands at £12m. On the back of the results, we have conservatively raised our FY 2017E diluted earnings expectation by 4.2%, whilst introducing FY 2018E estimates for the first time, illustrating a 2-year EPS CAGR of 8.2%. We raise our share price target to 35p Based on our forecasts, the shares currently trade on a FY 2017E fully diluted adjusted PER of 13.2x and adjusted EV/EBITDA of 5.2x. Given the increase in our estimates, the level of secured work, in addition to the pipeline of opportunities, we believe that these multiples continue to undervalue the business and we raise our share price target to 35p, equating to a FY 2017E PER of 16.5x."
13/12/2016
14:48
the oak tree: Here's an extract from stockopedia daily company comment. Hope they don't mind! Well worth subscribing to them. Quite agree re the £10m cap and it then appearing on many more radars. Doubt wampy for these tiny caps. Petards (LON:PEG)Share price: 24.75p (+13%)No. shares: 34.9mMarket cap: £9mContract WinI've been prompted to comment on this small contract win with Siemens, a longstanding customer of Petards:The equipment to be supplied provides the trains and their drivers with enhanced capability in the areas of security and surveillance through CCTV coverage, both internal and external, of saloon areas combined with pantograph, forward facing and track debris monitoringThe order is worth approximately £2 million. Engineering activities will commence immediately with the first equipment deliveries to be made at the end of the first quarter 2017 and it is anticipated that the project will be completed during 2018.It's the third contract win announcement from Petards since October, all coming on the back of a promising interim report which showed continuing PBT of £526k. The shares have picked up quite a bit of momentum, doubling since July.Perhaps if the market cap can break through £10 million, it might show up on the radar screen for a few more investors?It's probably worth researching in more detail. I tried studying it a couple of years ago, but realised that I would have a lot of difficulty predicting its lumpy contract wins. So in the end I waited for an exceptionally cheap share price, and never quite pulled the trigger on it Maybe someone is out there with a keener insight into the demand for these products: train CCTV systems, passenger counting systems, etc.
Petards share price data is direct from the London Stock Exchange
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P:42 V: D:20171214 10:17:38