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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 576 to 600 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
19/3/2021
21:18
More block movements of 100k and 200k before hours. May be internal II transfers between funds before quarter end or perhaps more significant?
boadicea
19/3/2021
16:37
Yes - nice rise into the close after the recent doldrums !
masurenguy
19/3/2021
16:28
No problem gleach23

Shifting on nothing buying now with the price popping 5.6% into the close.

One more post to come and then sleep through the weekend ha

All imo
DYOR

sphere25
18/3/2021
14:50
Thanks sphere - great points re ST, especially if it is October since he last did a write up.
gleach23
18/3/2021
14:35
They are coming in to buy in size because they clearly believe in a change in company prospects and a valuation that hasn't priced that future in.

There are some sellers selling the move higher atm. It's a nothing move so surprising. Looking abit deeper here, another interesting angle for a much bigger return could be on the back of Simon Thompson.

Note the comments on a "similar rally" in the previous write up on the 12th October last year:

"House broker Cenkos is maintaining forecasts that point towards 2020 revenue increasing by 10 per cent to $7.4m to deliver flat cash profit of $3m (£2.3m). Deduct forecast year-end net cash of $3.4m (£2.6m) from Pelatro’s market capitalisation of £15.5m, and its enterprise valuation equates to less than six times cash profit. That’s hardly an exacting rating for a company boasting a bumper bid pipeline and one that now processes data for 19 telecom operator clients around the world with more than 800m subscribers.

After I last suggested buying the shares at 50.5p the price subsequently rallied by almost 50 per cent to 73.75p before succumbing to profit taking (‘Six small-cap buys’, 22 June 2020). I feel that a similar rally could be on the cards, making this a repeat buying opportunity. Buy."

The reason that rocket ship type of move (June 2020) didn't repeat is because of these larger sellers who have been holding the price back. Since October last year, PTRO hasn't seen the types of volume exchanges it has in recent days to clear these sellers.

Now that we are seeing the clearing of these sellers, ST's comments on a "similar rally" come more to the fore.

If these sellers aren't going to be in play or have a much reduced impact, one good write up from ST could easily cause a surge in buying now that sends the shares north in a rather interesting way.

That could be the more rewarding exit point.

All imo
DYOR

sphere25
18/3/2021
12:54
Catch-up of price to high probability positive outcome.
p1nkfish
18/3/2021
12:27
5% of the company now traded in 3 days,.. what is going on here then?!
dunns_river_falls
18/3/2021
11:44
would be nice to see 60p
kadvfn1
18/3/2021
11:29
It looks close to breaking out. There is another two delayed prints from today at 10:16 of 100k each at 37.5p.

Glaringly obvious to see with all these blocks, buyers in size are coming in to pick up good chunks of the company (300k block alone is near 1% of the company) in the past few days on the back of that update.

It appears to have changed the picture with those stale bulls who were selling and causing a big wall with three market makers on the offer at 39p now having been cleared.

All imo
DYOR

sphere25
18/3/2021
11:20
A sudden move up....
rivaldo
18/3/2021
10:38
Market might be sleeping here so I'll post.

Nibbled a few as a speculative higher risk play.

Movement on that 300k block at 38.25p. There was 136k picked up at 39p yesterday too.

Volume over the last few days has tallied to become significant.

Wondering if the sellers are close to being done with all those blocks picked up by buyers

All imo
DYOR

sphere25
17/3/2021
18:05
Thanks masurenguy...interesting (although obvious when you think about it) point made about the pandemic improving the impetus behind digital engagement.

I would suggest the interviewer looks up his name if she's going to use it so much :)

Nice late reported trade of 136k @ 39p this evening - hopefully sets us up well for the morning

gleach23
17/3/2021
16:29
Pelatro's growth plan 'builds on recurring revenue base, now up to almost 80% of revenue this year'

https://www.proactiveinvestors.co.uk/companies/news/944119/pelatro-s-growth-plan--builds-on-recurring-revenue-base-now-up-to-almost-80-of-revenue-this-year--944119.html

masurenguy
17/3/2021
10:51
37m shares in issue so a 200k block is significant, particularly relative to normal daily volumes.

It looks like a 25k block buyer this morning and two further delayed 100k prints just hit at 37.5p.

This is the kind of interest I'm looking for here to change the whole complexion from apprehension/bearish stance to more bullish.

Still doesn't appear to be enough but watching closely for more. I'm sure folk can keep an eye on it and any price moves if they happen. Don't need to keep posting here. All the information and setup is above.

All imo
DYOR

sphere25
17/3/2021
09:56
With a 200k trade and 3.7m shares in issue I calculate that there is a 54% probability for each that either the buyer or seller will cross a 1% threshold, a 29% chance that both will and a 21% chance that neither will. That leaves a 50% chance that one will and the other won't, (all figures rounded to nearest whole %).
Whether this results in a holdings statement depends on the threshold lying within a reportable range and assumes completely random starting positions.

(A slightly esoteric calculation perhaps but helps relieve a boring morning!)

PS: We seem to be having a 25k pass the parcel game this morning.

boadicea
16/3/2021
15:46
200k delayed print at 37.5p - meaty one for PTRO. Volume now 541k but still not enough to move the dial.

Any more for any more?

All imo
DYOR

sphere25
16/3/2021
11:31
Thanks Rivaldo.

It’s the point around the operating leverage that’s of most interest to me. I also don’t ever see anything about “land and expand” mentioned with these guys which I think also could give some nice upside. This could fly if things fall in place.

I’ve also not really seen a share where the management seems to be so universally disliked! I’ve seen all the stuff about cars etc which is definitely shady, but I still feel like there is enough incentive for them to want to make it work for equity holders (although its easier to say that when buying in at 38p be those that have been in for a few years!)

crispfin
16/3/2021
09:53
Crispfin, Cenkos today note that:

"The step up in visible revenues to $6.0m post today’s business win already represents growth of 50% over last year’s revenue base. Cenkos removed all licence projections from its forecasts last year so this material YoY increase in visible revenue to $6.0m is driven mostly by growth in annualised recurring revenues (ARR)."

They note that bthis level of visibility, so early in the financial year, "is indicative of improving quality of revenues and suggests some upside potential to FY21E forecasts could develop over the next three quarters".

They conclude:

"Rating upside. Pelatro is trading on an EV/sales of 2.6x in FY21E, or 3.3x ARR. As the business model matures, we see upside to the rating as the market grasps both the growth potential and operational leverage within the business. Buy."

rivaldo
16/3/2021
09:45
They are clearly trying to convince the market that the path has changed and that future forecasts will be met.

The market still isn't buying it with the price still doing nothing near recent lows at 37.5p. As per the post above, there is still a firm wall of sellers here preventing any break higher. However, news like this clearly makes it a slightly more interesting watch to see if the oversized buyers come in at any point in the near term.

That would definitely signal a change in the apprehension toward this company and probable re-rating higher.

All imo
DYOR

sphere25
16/3/2021
08:11
Good release for sure.

Would be interested to know A. How much of the $6m is ARR, and B. what is happening with the cost base - is it expanding as well.

crispfin
16/3/2021
07:43
Yep. looking good here now
tarlok
16/3/2021
07:12
Good news - another $400k of change request contract wins, taking 2021's revenue visibility to $6m.

The CEO's reiterated confidence in meeting forecasts this year is encouraging at this early stage:

Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Wins-Improve-Visibility-for-2/84583670

rivaldo
02/3/2021
13:31
Seen as XLM appears to have given the finger, let's have a look at another similar shorter term technical high risk play.

Similarities:

- Downward trend in the longer term chart due to the company disappointing
- Price in a consolidating range
- Sellers in size at work preventing a breakout above the key 40p mark
- Possible floor in the price and a valuation recovery play with the company making more bullish noises of late
- Not one to hold into news from a shorter term viewpoint, just in case they disappoint again. Clearly delivering on expectations will warrant a further review. Market will certainly be less apprehensive with a re-rating possible then.

It is prone to larger moves this one and needs a big clearout of sellers before it can threaten the key 40p mark and a sustained bullish move higher. Looking at previous sharp volume based moves as a very high level guide, somewhere well in excess of 600k and possibly more than a million of volume needed.

That's just guesswork really as there doesn't appear to be an obvious seller:

Bannix Management LLP 12,993,553 35.09%
Chelverton Asset Management Limited 1,725,000 4.66%
Rathbones Investment Management 1,615,626 4.36%
Herald Investment Management 1,561,986 4.22%

Furthermore, each day is different and the depth of any sellers and how they behave from day to day or in the near term is unknown. Herald had reduced some and further down the shareholder register, clients of Killik had been lobbing and had reduced to 945k in July last year. It is inconclusive on a single large seller.

This looks more than a single seller overhang. Previous examples have shown a single seller to be an overhang. This one carries the tag of a collective market apprehension on the valuation and forward prospects.

Three markets makers on the offer currently at 39p, which has been a persistent wall in preventing any move higher. Plenty of shares available to buy well under the offer, and even though you can trade inside the price on RSP, the spread and illiquidity doesn't make this one conducive to regular trading.

No position here, but whilst it is in FlatlineCity and prone to sharp spikes, it is an interesting watch for a BIG volume clearout to suggest buyers in size (i.e. a big thumbs up on confidence in the company) have come into clear out stale bulls to allow a re-rating.


But will the large buyers come or will the market await further news and then review?

All to be revealed in due course.

All imo
Don't be a lemon
DYOR

sphere25
21/2/2021
07:57
Have bought into this at these 38p levels. My thinking is that there is potentially not too much downside vs a lot of potential upside.

The switch to ARR model is attractive - now the business is edging towards break even from recurring revenue, my hope is that a mixture of “land and expand” growing top line and some operating leverage means that profits / cash flow can grow from here.

Got a few concerns about working capital and I can’t say I’m wholly convinced by management from what I’ve read (although I’ve not met them personally).

Let’s see.

crispfin
16/2/2021
11:38
At 21/1 Cenkos forecasts 20 and 21 Adj EPS (c) -4.3 and -0.8
sharw
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
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