ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PEB Pebble Beach Systems Group Plc

10.75
0.25 (2.38%)
03 May 2024 - Closed
Delayed by 15 minutes
Pebble Beach Systems Investors - PEB

Pebble Beach Systems Investors - PEB

Share Name Share Symbol Market Stock Type
Pebble Beach Systems Group Plc PEB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.25 2.38% 10.75 15:38:21
Open Price Low Price High Price Close Price Previous Close
10.50 10.50 10.75 10.75 10.50
more quote information »
Industry Sector
TECHNOLOGY HARDWARE & EQUIPMENT

Top Investor Posts

Top Posts
Posted at 24/4/2024 15:59 by p1nkfish
Would be useful if there was a summary of NAB 2024 for investors and mentioning TVBEurope award to get some exposure.
Posted at 21/3/2024 14:57 by z1co
pinkfish

From their site click investors then click financial calendar
Posted at 23/8/2023 15:42 by jim208
Agree with gdjs100 on patience. Anyone who goes back to the 2017/ 2018 RNS's from the company will see a strategy put in place to right-size the business, develop a plan for managing debt, to develop the business and navigate through to a place of a healthy operation with strong margins, good profitability and good prospects.

We are now seeing that work pay off, debt is now much lower and fortunately interest rates stayed low for the worst period of the debt management. I agree that renewed investor confidence generally along with this improving picture should see an opportunity for these shares to re-rate significantly on any beat to forecasts.
Posted at 30/12/2022 20:17 by gdjs100
There won't be any evidence in the chart until new investors start buying, and there won't be any new investors until results...
Posted at 25/1/2022 10:58 by thirty fifty twenty
i thought that was a great TU.

PEB is very unusual as a listed company to be able to show sales and profit growth and genuine CASH flow over an 8 year period. i think that makes their business valuable.

i feel that they are able to control their profits to a degree, i.e. they can decide how to allocate costs to a project and when to book income as % completed and thus there was no need for them to declare above expectations unless they have enough profit up their sleeve to show growth next year IMHO.

yes with the new CFO i think acquisitions are on the cards, though i think Kestrel might be more interested in supporting the current strategy. although debt have reduced significantly , its logical to assume that they will need to issue equity to complete a further acquisition. however i dont think this means that the price will be weak until the details of the acquisition are announced. i think as they do a roadshow for the fund raise (assumed), it will bring more investors to the table and of course post acquisition + fund raise (assumed), the higher MV (b/c more shares in issue) will bring to more people's radar as well.

so, i'm hopeful that despite their being likely more equity to be issued that when the acquisition is announced, it will be difficult to buy in volume at < 12p.

All IMHO, DYOR + BoL
PEB is i my top5 hldgs
Posted at 01/11/2021 09:50 by red ninja
No it is an amateur investor selling the argument for Pebble.
Posted at 10/6/2021 10:26 by norbert colon
Given the known legacy of PEB once being part of Vislink (VLK) via acquisition in Q1/2014 (the less said about John Hawkins the better…), I thought it was worth recapping on some history and taking a look at the potential valuation of the Group moving forward.

Further to PEB being acquired by VLK, the Group sold off its hardware division in early 2017 culminating in Hawkins being ousted (along with the whole Head Office function) and the Group being renamed Pebble Beach in keeping with its only remaining operating subsidiary.

This left PEB with GBP 12m of legacy borrowings, a huge sum for a GBP 5m mcap business (at that time) turning over GBP 10m annually and with a share price at a multi-year low.

Roll forward 4 years to today and the Group has reduced borrowings by GBP 3.5m to GBP 8.5m (net debt GBP 7.7m) and is paying these borrowings down at a rate of GBP 1m annually balanced alongside necessary R&D expenditure.

Whilst still high relative to profits (Net Debt/EBITDA of 2.75x), the Group has an excellent long-term relationship with their banking partner (Santander) and net debt is forecast to further fall to GBP 5.2m by FY22. Management have stated the debt is entirely manageable and whilst not ideal, I perceive (aside from the obvious impact on medium term profits) the prime frustration is its encumbrance on more quickly growing the business.

With respect to potential valuation of the PEB operating business you have a niche tech business that is dominant in its market, generating enviable gross margins in excess of 70%, EBIT margins of around 20%, ROCE of 30%+, cash generative and with 40% of recurring revenues yet it’s only valued on a PE of <10.

Despite its small size, I would suggest such a tech business deserves a much higher valuation in the order of 20x (min).

With PBT forecast to be circa GBP 1.7m and adding back GBP 1m of financing and Plc costs, the underlying PEB business will generate GBP 2.7m of profits in FY22.

Apply a PE of 20 (whilst allowing for the debt) gives a mcap of GBP 45m. At 25x this would be GBP 60m mcap. That’s 36-48p / share compared to the current 11p.

Whilst such a valuation ‘forecast̵7; is too simplistic, it does give food for thought re: how much the market undervalues this business.

The Group currently has a number of job adverts in the market noting “This is an exciting time for the Pebble business as we gear up to launch a number of new products and enhancements, expand into new markets and enhance our digital and online presence…̶1;.

With an industry wide migration from SDI to IP infrastructure (further fuelled by the pandemic) creating a nice tail wind for PEB, I think patient investors should be rewarded.
Posted at 02/6/2021 11:05 by melloteam
Just to let shareholders and prospective investors know that Pebble, Mailbox REIT and Accesso will be presenting at Mello Events webinar event on Monday 7th June at 6pm-9:30pm. There will also be an interview with leading Fund Manager Keith Ashworth-Lord, Founder and CIO, Sanford DeLand The Buffettology Fund.
There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold).
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 04/2/2020 14:58 by melton john
Sorry to hear that tft, and there was me thinking you might add value to my analysis and help a fellow investor with what is a company with a complicated history and complicated accounts, and what appears to be a new to me business to research.

All IMHO DYOR and FY2

Your Recent History

Delayed Upgrade Clock