Pelatro Share Discussion Threads

[babbler] 02/6/2023 07:25

Nice news at last.

[cordwainer] 02/6/2023 01:42

Not many companies’ finals are met with this silent deadness. Reflects the investor relations scorecard I suppose.

[gleach23] 21/5/2023 15:52

Thanks Wilske...let's hope you're right

[wilske] 21/5/2023 15:14

Dear All

I have finally got a response from Harry Berry (non-exec Chairman) and he says results/trading statement will be out in a few weeks and audit is in progress. I told him the total silence since Jan is unacceptable from investor relations perspective and that it destroys management credibility and asked that they at least put out a notice of results asap to provide some degree of reassurance. I believe these results will be pretty awful and they will take the chance to throw everything in these results to clear the decks for a better 2023.They should be keeping a tight grip on costs right now to preserve cash so that they dont need to raise any money. Ive also contacted the CFO and CEO but i dont expect them to answer. Will share any more responses I get. Fundamentally there is nice business here but they need to keep costs down (reduce R&D spend if necessary and that means reducing headcount) chase down trade receivable's and nail on some more contracts to put the business on a a stronger financial foundation. If they can do that they should be able tor trade their way out of this position and get back on track.

[gleach23] 18/5/2023 21:17

All gone a bit tumbleweed with PTRO. Finals used to be out in April then last year there was an RNS on 10th May to explain the results were delayed to later in May due to the auditors needing more time. Now it appears to be the norm...

[gleach23] 19/4/2023 09:37

Yes noticed that rivaldo...can't get a quote for buying 5k shares currently.

Still have my holding and had a speculative nibble at just under 5p a couple of months ago but the words rabbit and hat keep springing to mind whenever I think of PTRO.

[cordwainer] 13/4/2023 19:29

over 3 months of silent gloom. wow.

[cordwainer] 18/1/2023 12:26

Fair point there's been no mention in RNS's since Finals of May 22:
"We have also been extending the breadth and quality of our products and services we provide to our telco customers. Part of our growth effort has been directed towards the non-telco space, where non-telco brand campaigns and adverts can be sent to consumers via their mobile phones. We have recruited a senior manager for this area and are building the team but are proceeding cautiously in terms of new contracts to ensure that they are on appropriate terms."
But it was only described as a new business *pipeline* of circa $17m. With no mention of it in the subsequent interims or updates we can only assume this idea fell through.
Personally I don't think it should have been mentioned at all without a signed contract or at least MoU.

[sidam] 13/1/2023 10:41

One of the reasons I bought was the move into advertising revenue which was projected to generate $15m of revenue. Any idea where that is?

[rivaldo] 13/1/2023 09:53

Well, this has been a disaster. I posted before that PTRO were prone to banana skins, but this is ridiculous! Things seemed to be looking up...I understand the general economic climate isn't exactly supportive, but other telco software-type companies seem to be doing OK. PTRO are still pretty small, so any contract delays/problems tend to be big problems as regards the year end numbers given the relatively small client base.

Having invested here largely on the basis of the CEO's highly successful track record I'm extremely disappointed at the number of mis-steps.

Nevertheless, two of the three issues in the latest update are in essence just pushing out of numbers from 2022 into 2023 and beyond, and the $0.3m provision is the first of its type and not hugely material.

With a £2.95m m/cap now, and per Dowgate Capital $1m net cash rising to $1.5m this year, plus $7.5m revised forecast revenues this year which are largely recurring, for an optimist it's possible to see good upside from here, even if sentiment will likely remain extremely negative for some time to come!

With the results not out (presumably) until May I'd have thought the directors should be free to buy in the market now that the trading update is out? It would be helpful if they were to show some commitment in this respect.....

[hew] 13/1/2023 08:14

Cordwainer, re the 25 customers, see the June’22 AGM statement. Subsequently the H1 statement mentioned winning 3 customers in 2022, but they could of course be included in the 25.

[cordwainer] 12/1/2023 22:00

Can't say I've noticed a 25 current customers figure anywhere lately. Wondering if that means 25 contracted customers or just actively engaged with 25 customers whether contracted or trailling and testing ?
Damn hard to track the customers when they're largely unnamed in announcements.
I'm sure some of those 25 will be part of the same parent group(s), not that that matters much.
Agree hew it could be oversold now albeit highly speculative.

[hew] 12/1/2023 10:45

Suppose it's easy to say as my remaining value-at-risk is now relatively so small, but I’m letting it sit. I see the upside potential of the share price from today’s ~6p as well above the further downside risk anyway.

Reviewing my notes from mid-2022, although the current and near-term projected financials are indeed grim, I still see some substance in the organization: currently 25 customers, the mViva platform and the new prospects already in play. If, repeat IF, those do turn firm - agree Cordwainer’s concern there – and the delayed income materializes as expected, I see decent recovery potential rather than further falls.

[earwacks] 12/1/2023 08:51

Sorry for my earlier post ‘scandalously incompetent.’ I meant disgracefully inept.don’t know if Evil managed to extract his enormous position in this stock. Clearly the rupee v dollar has been an issue but not an excuse

[cordwainer] 11/1/2023 22:10

They have a lot riding on that one Proof Of Concept client doing a 6 month trial which is due to complete this January.

[jdh1602] 11/1/2023 19:23

Yep, I saw. That means the price should go up tomorrow :)) Well, it will be 2 years, and -80% for me. Luckily, I started small.

[dros1] 11/1/2023 18:37

simon is saying new sell

[casholaa] 11/1/2023 18:20

I took the hit today and exited at a massive loss. Also discarded my Ixico at a small loss.

[casholaa] 11/1/2023 13:07

The way I see it, a 'guru' should be on some yacht perpetually taking it easy, when they aren't flying around in a private plane which has a bar & a bed installed.

[jdh1602] 11/1/2023 13:02

Simon Thomson from Investor's Chronicle has continued to push this company as a Buy, in May and September, so i'm particularly disappointed at the results. There's a lesson there about following 'Gurus' for too long.

[casholaa] 11/1/2023 10:07

I think they'd have difficulty running a corner shop let alone software. I'm looking for a decent exit price/strategy.

[sidam] 11/1/2023 09:33

Interesting that the management sacked Cenkos a few months ago as the share price had performed badly. They reinstated FinnCap but as far as I can see they have produced no research and the shares have continued to slide. Dowgate has published and although they have cut their target substantially and project a loss for the year we are now in, they do project positive cash flow in the year to Dec 23. So perhaps not all is lost but in my view the management have a lot to do before they regain any credibility.