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Share Name Share Symbol Market Type Share ISIN Share Description
Pelatro Plc LSE:PTRO London Ordinary Share GB00BYXH8F66 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 5.75 5.50 6.00 5.75 5.75 5.75 54,158 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 7.3 -0.7 -2.1 - 3

Pelatro Share Discussion Threads

Showing 526 to 550 of 850 messages
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DateSubjectAuthorDiscuss
28/11/2020
13:16
Updated share register - the top 8 shareholders currently own 70.21% of the issued shares.

Chelverton Asset Management: 2,154,794: 6.62%
Rathbones Investment Management: 1,615,626: 4.97%
Herald Investment Management: 1,561,986: 4.8%
Artemis Fund Management: 1,542,465: 4.74%
Hargreave Hale Limited: 1,027,397: 3.16%
Maven Capital Partners: 1,005,479: 3.09%
Killik & Co LLP: 944,596: 2.90%

The 7 above institutional shareholders currently own 30.28% - some of them were marginally diluted by the placing to raise £2.1m @47p in August 2020. In addition to the above institutional shareholders, Bannix Management LLP, the investment vehicle of Kiran Menon, Varun Menon and Sudeesh Yezhuvath holds 12,993,553 shares (39.93%).

Most recent Cenkos Note: https://www.pelatro.com/wp-content/uploads/2020/11/Forecasting-recurring-revenue-only.pdf

masurenguy
16/11/2020
14:09
And still well under the placing price at which CEO's brother spent £500k. I bought back then at 47 but have averaged down which I don't like doing but shares where strong sentiment is involved can offer opportunities. Tuck em away and wait imo.

ST maintained his 100p target last time he covered them.

paleje
16/11/2020
13:17
...and the same again today.
rivaldo
13/11/2020
10:25
Nice move up today, on interesting activity with half a dozen small buys at steadily increasing prices.
rivaldo
09/11/2020
11:13
smart buyers moving in...
mfhmfh
09/11/2020
09:52
Cenkos have lowered their forecasts accordingly, but see a fair value of 84p per share given the recurring income.....

"Forecast revision. Factoring in our new assumptions, we see Group revenue in FY20E and FY21E of $4.0m and $7.0m respectively. Our FY21E forecast is built on $5.3m of recurring revenue (unchanged), implying a much higher visibility figure of 76%. Further business wins through next year should see additional progression in this figure and this level may be regarded therefore as conservative.

Valuation upside.

With $5m+ of recurring revenue, fair value would normally lie in a through-the-cycle average valuation range of 5-7x. At the mid-point this implies fair value around 84p per share, justifying our continued Buy recommendation"

rivaldo
09/11/2020
09:28
I also saw it as an opportunity to buy some more.
bigwig
09/11/2020
09:16
.. but why can't the directors just roll their sleeves up and do their own sales pitches ? I mean, how many telco's are they targeting ?
cordwainer
09/11/2020
09:08
commission only hopefully:)
paleje
09/11/2020
08:54
Management credibility, ditto that.

It would be nice to see some new customers although growing existing does suggest a high degree of satisfaction. ARR to at least cover projected cash outgoings in the 'very near future' whatever that turns out to be.

Late 2021/22 before the cash raise marketing starts to bear fruit, I'm not sure if that's a long time in their game but it seems it. And 'signed up' with a new sales person on a contract basis, hmm.

Notwithstanding the above their margin is good and mcap vs ARR (on a bad year), as rivaldo points out, seems low but they've still got some convincing to do imo.

paleje
09/11/2020
08:50
The bigger issue here IMO is management credibility. If you read the past 12 months of TU’s and outlook statements. Probably is good value here with a 12 month view but i personally prefer MWE for a small cap growth story.
rimau1
09/11/2020
08:40
Actually seems to be slightly beating the Cenkos revenue forecast in terms of the old revenue model comparative, if I'm not mistaken. I picked up a few more just below 35p, but not really expecting any catalyst til Spring '21
cordwainer
09/11/2020
07:31
Agreed overall cordwainer. Good to see the new Asian telco win for $1m-$1.8m, but it's a balancing act for PTRO in getting that recurring revenue up and forgoing immediate licence fee bumps. And the employees contracting COVID-19 hasn't helped.

There will probably be an initial MM markdown, but the m/cap is already down to £14.5m, so this may lead to an interesting opportunity.

rivaldo
09/11/2020
07:23
Trading Update just arrived.
Figures for 2020 a bit underwhelming but more than priced in with improving outlook and visibility. Could be as good a time as any to get in on the cusp of a transformed business (SaaS instead of one-off sales) before the benefits start to be reaped.

cordwainer
26/10/2020
11:43
We're about 5-6 weeks from a trading update going by last year, a contract win to go with it would be nice, show us how some of that cash raise is producing results:)
paleje
26/10/2020
09:02
57.63k (125,000 shares) bought late on Friday.
mfhmfh
22/10/2020
10:33
silly question - does anyone know if pelatro is an EIS qualifying share ?
sl71
20/10/2020
20:56
Yes it was looking promising when the last buy price shifted up to 46.96. I checked the limits just afterwards but it looked like there were still 55k available although this reduced to 25k by the close.

Hopefully more of the same in the coming days will result in further break upwards.

gleach23
20/10/2020
11:05
continuous buying today.
mfhmfh
19/10/2020
08:25
Nice to see the wall to wall buying so far this morning along with a promising looking chart, although still plenty of shares (55k) available to buy at present to suggest seller not quite done yet?
gleach23
19/10/2020
07:20
You were correct gleach23 - nice start to the week.

Only around £7k of buying has pushed the price up 1.25p, so hopefully that 250k buy has cleared out the available stock.

rivaldo
16/10/2020
16:43
Lovely. Yes 250k shares, or £115k, just before the bell. Hopefully sets us up nicely for Monday morning.
gleach23
16/10/2020
16:09
115k buy at 46p?
mfhmfh
16/10/2020
14:06
Might well have seen close to 50p if we hadn't had our pesky seller still sniffing about. Another 60k offloaded so far today in the face of almost twice as many buys.
gleach23
16/10/2020
10:53
..and he's still underwater.

But I'd say he knew that might happen, not for much longer hopefully. Should be able to override the gloom of a lockdown winter too, as they get news of sales increases out the poor sentiment caused by the placing should dilute.

paleje
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