Pelatro Share Discussion Threads

[gleach23] 06/10/2020 16:32

Yes it was good to see the buying prevail today. By the close there was just 10k available to buy online. Hopefully this continues in the coming days so that we can scramble back above 40p and go from there...

[rivaldo] 06/10/2020 11:04

Good to see a small buy just now at 38.4p - nicely above the 38p full offer price. EDIT - and a succession of other buys including a 35k which may have cleared an overhang.

[gleach23] 05/10/2020 10:50

Hi rivaldo...it had been 75k for weeks. This morning it's 25k although I can only sell 5k max. Given the 'on track' message from last week's Interims I'm happy to be patient in the hope that this is the level at which there is sufficient buying interest to exhaust the seller. Trades such as the 20k @ 35p are encouraging in that respect.

[rivaldo] 05/10/2020 09:08

Up on 52,000 shares bought already today - gleach, hopefully that chunk which was available online has been cleared now.

[gleach23] 02/10/2020 15:32

A good 59.8k chunk offloaded by the seller this afternoon @ 34p.

Still 55k available to buy though so it seems there is more to come yet. Hoping that this is the level at which the seller can eventually be cleared.

[rivaldo] 29/9/2020 11:28

Cenkos say Buy today and see current share price levels as a buying opportunity:

Here's their intro and conclusion:

"Good visibility into H2E

Given that Pelatro has visibility of over $5m of revenue for FY20E, we are leaving our forecasts unchanged following the interim results. The pipeline is strong and we are cognisant that the mix of business signed in H2E will have a proportionate impact on reported performance this year. Pelatro is trading at the lower end of its 12-month price range which creates a buying opportunity."

"Forecasts unchanged.

A new contract has been signed with an existing customer worth $1.5m over 5 years. Our forecasts are unchanged as we see this building better visibility into H2E. Pelatro's revenue performance is historically weighted to H2 and we see this proportion becoming more pronounced in FY20E at 69% (vs59% in FY19A). Pelatro's visible revenue of $5m for FY20E amounts to 68% of our revenue forecast and is stated before the positive impact from this new contract.

Strong pipeline.

The total pipeline of opportunities stands at $15m over the next 12-months, of which $8m is identified to fall into FY20E. $4m of the FY20E pipeline is with existing customers with an identified need, subject to sign-off, and is therefore of high probability of conversion. The delivery profile of newly won business will determine reported revenues but the direction of travel for the business is firmly upwards. On FY20E EV/sales of only 2.3x we are Buyers."

[mfhmfh] 29/9/2020 09:08

I agree, no unexpected bad news.

I'm also reassured that Suresh Yezhuvath bought 1 million shares at 47p earlier this year in the placing.

He must be confident we'll at least meet full year expectations.

IMHO.

[gleach23] 29/9/2020 08:23

Good to see all pretty much as expected and nothing which warrants the recent drop in share price Clearly a seller to clear so hopefully we'll see some volume on the back of this announcement.

[mfhmfh] 29/9/2020 08:04

Cenkos had estimated $7.4m in revenue this year.

$5m banked so far with a '2020 pipeline of $8m, of which of which $4m is from existing customers'.

Could be beat expectations? Better to under promise and over deliver.

[rimau1] 29/9/2020 08:00

Agree with that Riv. Expectations of $7.9m revenue this year should be met given $5m banked and the near term pipeline, particularly the $4m from existing clients. Looks like they may have to rely on licence income to hit this years target but thats ok. Encouraging that although covid has impacted by delaying orders “ The additional level of scrutiny that businesses had introduced with respect to investments had lengthened the sales cycle over the past 6 months; however, we are now starting to experience positive movement with customers starting to release contracts and purchase orders. The contract win announcement from us today is a result of this positive movement. ”
Solid progress.

[rivaldo] 29/9/2020 07:51

H1 results are out - and imo they read pretty well.

And there's a decent-sized new contract win:

"Pelatro also announces that it has expended its relationship with a large telco group, which is a customer of Pelatro, by winning a new contract from another opco within that group. This contract is expected to contribute about US$1.5m of revenue over a 5 year period and will add to our recurring revenue base."

At the current £13.7m m/cap, $0.7m H1 adjusted EBITDA is good going. And:

- PTRO are now well funded with around £1.7m net cash
- recurring income is growing nicely and is now 67% of revenues
- good revenue visibility of $5m for full year
- near-term pipeline of $15m, of which $4m is from existing customers, so is highly likely to be won

Plus good confidence for the year end:

"As with last year, we anticipate significant weighting of revenue towards our second half. We have had a good start to the second half and we have a strong pipeline from which we expect to be able to deliver revenue in line with expectations on the basis of license sales."

[gleach23] 27/9/2020 21:59

Might be if they release a Notice of Results RNS tomorrow morning. After all, I don't know why they would tell me and not the market. I was told after hours on Friday so that may have been done in the knowledge they will be issuing such an RNS tomorrow.

[royalalbert] 27/9/2020 16:33

Worth buying on Monday?

[gleach23] 25/9/2020 18:30

Impressively swift reply from IR who confirm Interims to be issued next Tuesday.

[mfhmfh] 25/9/2020 16:29

hopefully interim results next week.

Suresh Yezhuvath (brother of Subash Menon I think) bought 1 million shares for £470,000 in the placing in August.

[gleach23] 25/9/2020 15:49

They were also issued 26th Sept the previous year. However I've just realised that 'Notice of Results' RNSs were issued in both years well in advance of the results date but nothing as yet this year. I'm not therefore as confident as I was last week that we'll get them before end of Sept. I shall drop IR a note.

[rivaldo] 25/9/2020 12:36

Probably, as they were issued on 26th September last year.

[jbarcroftr] 25/9/2020 11:50

Are we expecting a half year report next week?

[rivaldo] 25/9/2020 10:23

I had a relatively small holding here and have also been topping up at these levels.

At a £12.9m m/cap:

- PTRO are forecast to have $3.4m net cash at this year end
- they have almost $5m recurring income
- they've stated that COVID has only had a "minimal" effect, and trading is in line with expectations
- COVID has enhanced trading for all the telcos and likely those supporting them, like PTRO
- $3m EBITDA is forecast for this year and $3.5m for next year
- investors now can buy at a large discount to the 47p paid by institutions
- the shares are tightly held and volatile, so any good news should have a decent effect (the converse is also true of course!)

[stuart37] 21/9/2020 16:33

Had a couple of nibbles at this today -mid thirties seems like good entry point.

[paleje] 21/9/2020 14:41

Fair bit of trust lost here since the placing and it wasn't all that good before. I added on placing day because the boss's brother re-entered. Wish I'd waited now of course, but still think it will come good although ST's 100p target looks a long way off.

[gleach23] 18/9/2020 15:25

Appears to be an aggressive seller today. I'm happy to take the opportunity to top up my SB position. At least I hope it's an opportunity :)

Assuming no delays, should have Interims published next week. Revenue should be positive news so hopefully there isn't a profit/cash nasty surprise that the seller has wind of.

[gleach23] 19/8/2020 15:05

Having monitored stock availability on and off for the last week I topped up my SB long this morning. With the share price currently 43-44.5, there is just 10k available to buy.

Sentiment seems to ebb and flow quite strongly with this stock so hoping for an upturn shortly.

[gary1966] 19/8/2020 14:40

Well I have bought back a few today having sold out way too early previously at 60.25p to watch them carry on up to over 70p. Anyway RSI closed below 30 yesterday and just moving back above now and so hopefully the start of another run. A few gaps on the chart have been filled with the recent weakness and price below the placing price. There is still a gap at 41p but prefer the one at 53p now that I have bought. :-) Hopefully my re-entry timing will be better than my last exit.

GLA

[gleach23] 17/8/2020 20:52

Perhaps ST has been keepng his powder dry until after the placing