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
  +0.75p +2.31% 33.25p 32.50p 34.00p 33.25p 32.50p - 51,000 16:12:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 15.3 0.9 2.6 12.8 12.16

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Date Time Title Posts
20/6/201716:12Petard's Group - The Long Story937
10/9/201500:11Petards...winning lots of contracts 2013-2014735
21/1/201513:04Petards Group - The Long Story-
21/8/201417:23Petards is this the new PEG ? Shareholders look !52
18/12/201311:38*** Petards Plc ***2,528

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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 32.50p.
Petards has a 4 week average price of 30.75p and a 12 week average price of 29.75p.
The 1 year high share price is 39p while the 1 year low share price is currently 12p.
There are currently 36,570,762 shares in issue and the average daily traded volume is 6,969 shares. The market capitalisation of Petards is £12,159,778.37.
the oak tree: It's a chart thing. The share price has increased a lot this past year. It's having a breather and during that time sellers have emerged as you'd expect. It didn't help the director selling his options, but personally I have no problem him doing that. At some point these people often need to cash in and buy that house or whatever. It therefore needs to fall to a level people feel it's worth buying again. And that will fuel the next upward movement. For me that level would appear to be the last main support level for the shares which is approx 27p to 30p . And I see us going side ways for some time and then the next rise to new highs. Ofcourse this only works if the company continues to produce good growing results. Imho I see them producing on the upside of what I see from the forecast figures I'm looking at. Imho
rivaldo: Hybridan have issued a new note after the £3m contract win - worth noting some highlights: "The AVENTRA is the successor to the popular commuter train the ELECTROSTAR, manufactured in Derby, a model for which Petards has had considerable previous success. This is the second order that Petards has announced to date to kit out AVENTRA trains following a £1.3m order last year. We are encouraged that this recent order, surpasses the total announced in 2016 with respect to Bombardier, one of the world’s largest manufacturers of rolling stock. The AVENTRA is enjoying considerable success in the UK having won mandates for the Elizabeth Line (Crossrail) and a 665 vehicle contract for the East Anglia rail franchise." "Petards’ customer list reads like a who’s who of the train building world, extended recently by a £4.3m order with Swiss train manufacturer Stadler, a new customer in addition to the likes of Siemens, Bombardier and Hitachi." "At less than half way through the year our revenue forecast is more than 80% covered by business already won, subject to timely delivery. With £8m already contracted for future periods, Petards is building a solid platform for growth beyond 2017." "Petards has a solid order book and balance sheet, strong levels of recurring maintenance and spares revenues and repeat business, plus, a large pipeline of opportunities in rail. The Emergency Services division with an enhanced product range following the integration of QRO, is also well placed to begin delivering a meaningful contribution. The share price has performed well of late, but we continue to see scope for an acceleration of growth and therefore re-rating beyond the current 17.8x multiple of FY2017E diluted EPS."
rivaldo: Interesting to see the Chairman paying £50,000 to exercise share options at 8p each in the last 5 days and retaining all the shares. Particularly as these options aren't due to expire until 2023. Which could lead one to surmise that he's exercising now to minimise any immediate tax charge on exercise, as he's expecting the share price to rise by a reasonable amount in the near future. Any other explanations happily noted!
tiltonboy: 13 years ago tomorrow, I took a position in Water Hall group. Initially, it was a sound investment, with asset backing substantially above the share price, but things were about to change. Having sold assets, and after continually failing to consummate a "reversal" the board decided to start punting stocks. Premier Asset Management did well, but on spotting what they were doing I implored the board not to invest further. Then came the hammer blow, finding that they had invested a substantial amount of shareholder funds in Lloyds Banking Group. The financial crash decimated NAV, and I had virtually written off my investment. An odd investment into Screen actually turned out to be the turning point...eventually, but I still believe that it was probably as much as by luck than judgment. I'm sure that Petards was only ever a "punt", as the board seemed incapable of doing a deal. The luck came when Petards bank called in the loan, rendering them defenceless. Thankfully Water Hall still had some cash, and to protect their position, bought the debt, and initiated a reverse takeover. Nobody ever doubted the business of Screen/Petards, but could anyone ever make it work. Of course, given my feelings about the Abdullah's, I was extremely sceptical that a success could be made. So, after 12 years and 364 days of holding the shares, I have made my final exit, and a highly profitable one it was, and therefore it is only right that I congratulate and thank the Abdullah's. I am left to wish, those that remain, continuing success, and I for one will not be disappointed if they double again.
rivaldo: Good to see the share price climbing before the AGM trading statement next Wednesday.
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."
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."
rivaldo: With the Defence division recently winning and extending the MOD contract renewal, I'd love to see PEG announcing a further contract win or two re electronic countermeasures etc. This would really set the share price alight imo in adding further global potential via Defence to the already highly successful Rail division.
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.
rivaldo: Extracts from WHI's note this morning FYI: "Petards Interims – another period of sustained progress Petards supplies advanced security and surveillance systems to the Transport, Defence and Emergency Services markets. H1 2016A results demonstrated another solid performance, with revenue ahead by 22.2% and PBT by 33.4%. Whilst the order book fell by 25% in the six months to 30 June, in excess of £4m in new orders have since been received. With the order book currently standing at £13.5m, visibility for the current financial year remains robust, with a good pipeline of opportunities continuing to be presented. On the back of the results, we leave our revenue and PBT forecasts unchanged, whilst we increase our capex assumption to take account of investment being made. We maintain our Buy recommendation and raise our 12-month share price target to 22p (from 20p), equating to a PER of 12x." "We raise our share price target to 22p Based on our forecasts, the shares currently trade on a FY 2016E fully diluted PER of 9.8x and EV/EBITDA of 3.5x. Given the level of secured work, in addition to the pipeline of opportunities ahead, we believe that these multiples continue to undervalue the business. Following these results, we raise our share price target to 22p, still a c.20% discount to the sector PER multiple."
Petards share price data is direct from the London Stock Exchange
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