Pelatro Share Discussion Threads

[kcr69] 01/5/2018 11:36

While it is relevant to note and monitor the negligible cash position due to higher receivables during FY2017, it is nowhere near red flag territory in my eyes.

Among the reasons why,
- It is incorrect to say $800k has been lost, it hasn't.
- The group has no working capital issues since IPO with a strong net cash position and balance sheet in general.
- Trade receivable reporting is a point in time. Of the value printed, $750k has already been received, of which nearly 50% related to longer term receivables. Of the remaining $1m, $800k is within due date.
- The company notes that it hasn't needed to impair any receivables for the past 2 years, and given average payment terms of 90 days and the ongoing business nature of relationships with clients, the point in time high trade receivables number is not viewed as an issue by either the company or the house broker Finncap.
- Furthermore, i am far more relaxed seeing higher receivables than payables when no working capital issue exists.
- While the capitalisation of R&D is relatively high at circa 75% of cost, this cash number will be offset by the removal of IPO exceptional from this FY onwards. e.g. Even without growth and and all R&D costs expensed the group would still deliver circa $1m earnings in FY 2018.

With contracts wins already reported, an exciting pipeline of opportunities and strong organic growth wth existing clients in a large growth market, Finncap (and I for that matter) see 50% revenue growth as the minimum for FY2018. Even with amortisation costs of nearer £1m in the P&L, I expect the current price to be no more than 12x FY2018 earnings - absurdly low for the growth, opportunity and market the group is operating in.

[gilgil13] 01/5/2018 09:06

Concerned about how poor cash generation was, lost $800k due much higher receivables and much higher capitalisation of develop spend. Bit of a red flag for me

[petewy] 01/5/2018 08:47

Pre-tax profit jumped to $1.10m, up from $360k in 2016, as revenue increased to $3.15m.

Rathbone are in this share

[martywidget] 21/12/2017 06:59

Pelatro Plc (LON:PTRO) CEO Subash Menon talks to DirectorsTalk about the successful launch on the London AIM market. Subash explains for us what the company does, talks about it's core precision marketing tool mViva, how we can expect industry trends to benefit the company, the reason behind choosing the London Stock Market and the future for the company.



INTERVIEW: Pelatro Plc Successful Launch on London AIM Stock Market



[Pelatro latest in a long line of high risk technology hopefuls]
19 December 2017, 11:37

[opodio] 15/12/2017 11:38

short on opening

[martywidget] 15/12/2017 11:27

Hi stephen2010, thankyou for your insight and knowledge to this thread, I'm sure the thousands of posters currently reading this thread will be greatful, LOL. Now off on your way and contiue spamming over 50 other threads.

Alliance News Detail
Marketing Software Firm Pelatro To Raise GBP4.6 Million In AIM Listing (ALLIPO)


[Schedule One update - Pelatro Plc]
Released 07:30 14-Dec-2017


[Schedule 1 - Pelatro Plc]
Released 08:00 05-Dec-2017

[martywidget] 15/12/2017 11:04

Please use new thread: