Share Name Share Symbol Market Type Share ISIN Share Description
Pebble Beach Systems Group Plc LSE:PEB London Ordinary Share GB0001482891 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -4.44% 10.75 306,789 16:08:50
Bid Price Offer Price High Price Low Price Open Price
10.50 11.00 11.50 10.75 11.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 8.39 1.10 1.00 10.8 15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:51 O 224,000 10.75 GBX

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Date Time Title Posts
10/6/202111:12Pebble with chart130
30/4/202010:55The Hawkins & Co victims club163

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Pebble Beach Systems (PEB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-24 15:29:5210.75224,00024,080.00O
2021-06-24 15:08:3910.5552,7555,565.65O
2021-06-24 13:27:0211.0030,0003,300.00O
2021-06-24 12:53:2811.01111.21O
2021-06-24 11:02:5211.01232.53O
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Pebble Beach Systems (PEB) Top Chat Posts

Pebble Beach Systems Daily Update: Pebble Beach Systems Group Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker PEB. The last closing price for Pebble Beach Systems was 11.25p.
Pebble Beach Systems Group Plc has a 4 week average price of 9.90p and a 12 week average price of 8.25p.
The 1 year high share price is 14p while the 1 year low share price is currently 8.03p.
There are currently 137,588,780 shares in issue and the average daily traded volume is 37,023 shares. The market capitalisation of Pebble Beach Systems Group Plc is £14,790,793.85.
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.
davidosh: Https://
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. Https://
thirty fifty twenty: moving up here on low volume. maybe those deferred contracts from lcok down starting to show?? All IMHO, DYOR + BoL PEB is in top5
p1nkfish: Getting acquisitions right would be rocket fuel but its the risk that puts me off. Have seen too many screw it up. I'm reall keen on PEB. Was in a while back near lows but exited too early!
thirty fifty twenty: thanks g23 + pinkfish - the idea of them doing acquisitions were off my radar. My met David D a few times when he was CFO at NFC back at 40p! so would rate him as a good plan of hands. i think would be crazy issuing shares at these levels, so fingers crossed they get the word out (a la Finncapp 20p target) and get the price up before any acquisitions. NFC did a heap of acquisitions - most years i think. Note the clever trick by Nicola at RBGP.. they agreed a deal last November, but didnt issues shares to complete until recently. the shares went from 70p to 120p before they signed the dotted line. Would be good to see a similar % rise here.... any acquisiton would enable those head office costs of 1.1m to be spread across 2 businesses. i see 2m traded now - that is 5% of free float excluding top5 holders. All IMHO, DYOR + BoL PEB is in my portfolio
thirty fifty twenty: hi Pinkfish, have mgt said that they intend a buy and buildstrategy - i'd missed that. i thought the big focus was on debt reduction (which they doing well) the banks have supported the biz since vislink business sold,and kestrel bgt sharesallthe way up, so i dont see why they wouldraise funds now when it forecast that debt will be comfortably below 2 times ebitda within 15mths. if they were to do acquisitions i think they would go on a road show to get the equity price higher firstofall - note that finncapp has set a 20p target today.that seemsrich to me but 15p quite possible within 12mths AllIMHO, DYOR +BoL PEB is in my portfolio
thirty fifty twenty: hi Arthur - agree with your points. the poor balance sheet is b/c they got left with 12m from the directors of vislink. when vislink bgt PEB , PEB had 5m CASH on its balance sheet, and since 2017 PEB has reduced CASH whilst also updating its product suite,such that now the brokers are forecasting debt reduced materially to 5m by 2022. All IMHO,DYOR + BoL PEB is in my portfolio
arthur_lame_stocks: I bought some of these today. I think even with all that debt they are worth twice the current price in a trade sale and with Kestrel owning nearly 30% I expect some action here in the foreseeable future. A nice quiet board too.
thirty fifty twenty: hi timothy indeed nice move. it takes the price back above the rising 200d which is a good chart indicator. with their excellent CASH flow i am holding b/c i think they will be taken over - the EV multiple is just too low which makes it very attractive to a buyer with CASH or access to cheap debt. time will tell. All IMHO, DYOR + BoL PEB is in my top5 hldgs
Pebble Beach Systems share price data is direct from the London Stock Exchange
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