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 Shares Traded Last Trade
  0.00 0.0% 38.00 13,549 08:00:00
Bid Price Offer Price High Price Low Price Open Price
37.00 39.00 38.00 38.00 38.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 4.02 -2.08 -7.20 17
Last Trade Time Trade Type Trade Size Trade Price Currency
11:09:16 O 6,801 36.30 GBX

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Pelatro Daily Update: Pelatro Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PTRO. The last closing price for Pelatro was 38p.
Pelatro Plc has a 4 week average price of 37.50p and a 12 week average price of 36p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 33p.
There are currently 45,407,431 shares in issue and the average daily traded volume is 57,900 shares. The market capitalisation of Pelatro Plc is £17,254,823.78.
gleach23: hi rivaldo...I find searching for his tips a bit hit n miss but they often display eventually - Marketing re-rating potential Our small-cap stockpicking expert highlights a precision marketing software company that has been winning a raft of new contracts and could be on the cusp of an earnings upgrade cycle June 21, 2021 By Simon Thompson - Framework agreement with large Asian telco worth US$0.5m in revenue in 2022. - Two new contracts for 2021 year worth US$0.5m. - Over 97 per cent of analysts’ 2021 revenue forecasts already covered by order book. - Placing and PrimaryBid Offer raises £3.35m. Aim-traded Pelatro (PTRO:43p), a company that makes its money by providing 19 large telecoms operators with precision marketing software, has been awarded multiple contracts since I last highlighted the investment opportunity (‘Profit from big data analytics’, 19 April 2021). The company has also been increasing annual recurring revenue (ARR), thus de-risking the investment case and enabling investors to attribute a higher valuation to its growing income stream. Pelatro uses 'big data' analytics (artificial intelligence, machine learning and other analytical techniques) to reveal patterns, trends, associations and behavioural traits of telecom subscribers. These insights enable mobile telecom operators to monetise their data, boost average revenue per user and their share of subscriber spend while also reducing churn rates. Having rolled out its leading mViva software platform across 23 markets, handling data of 800m clients across Asia, the Middle East, Africa and Latin America, Pelatro is leveraging its position further by announcing a framework agreement with one of its large Asian telcos, which has 230m subscribers. Pelatro's current engagement with the telco's operating companies includes annual maintenance support and ad-hoc change requests. These have been brought under the framework agreement, with a base level of man days for change requests forming part of the contract every year, thereby making them recurring in nature, along with an annual maintenance fee. Operating companies can also now access other products and services (on an agreed price list) from Pelatro without the need for price negotiation. Pelatro will be paid a fixed amount each quarter for all its base products, thus creating a valuable ARR stream. The incremental revenue for the 2021 financial year will be around US$100,000, and is expected to ramp up to US$500,000 from 2022 onwards. In addition, Pelatro has announced two contracts with existing customers worth a total of US$500,000 in revenue, one for additional modules as the client moves parts of its activities onto the group’s mViva platform, the other is for change requests. The revenue will be delivered in 2021 and means that Pelatro has already secured US$7m of house broker Cenkos Securities’ US$7.2m revenue forecast, a high proportion of which is recurring in nature as the company transitions its business model away from lumpy licence fees. The company is also raising £3.35m through a placing and PrimaryBid Offer of new shares, at 40p, subject to shareholder approval on 1 July. Around £1.5m of the proceeds will be used to leverage Pelatro's position in 'big data' analytics to enter the mobile advertising space, a market that is worth $100bn and projected to grow to $221bn by 2024. I highlighted the growth potential here in my last article. The balance of the fundraise will be used to strengthen the company's balance sheet. The point is that Pelatro could very well exceed Cenkos’ revenue forecast, which factors in 80 per cent year-on-year growth, and move into a small operating profit, so reversing the 2020 loss of £1.9m. Furthermore, the building contract momentum and ARR stream means that Cenkos’ 2022 revenue estimate of US$8m is starting to look far too conservative, especially as the directors have US$16m of contracts in the pipeline. Prospects of outperformance in 2022 is certainly not in the price. Based on Cenkos’ 2022 cash profit estimate of $3.5m (£2.53m), Pelatro’s enterprise valuation (post the placing and PrimaryBid Offer) of £16m equates to around six times forecast cash profit, hardly excessive for a company that is now generating operational cash flow and has a growing valuable ARR stream. In fact, Pelatro’s enterprise valuation to ARR multiple is less than half the average rating (eight to 10 times) for software companies operating Software-as-a-Service models. Pelatro's share price is up 8 per cent since my April article, albeit the price pulled back sharply on news of the equity raise. Once the dust has settled, I fully expect the upward trajectory to resume maintain my 100p target price. Buy.
masurenguy: p1nkfish - Simon Cawkwell apparently has 370,000 shares at an average price of 58.8p so he is currently down circa £70k on todays fall. https://masterinvestor.co.uk/evil-diaries/evil-knievil-taking-the-plunge-with-pelatro/ However, he is not the oracle. I remember when Homeserve had a misselling crisis 10 years ago. He posted the following on the Homeserve thread. Simon Cawkwell 9 Nov '11 - 260: Gentlemen, I now reckon that HSV is a total bust. Clearly, HSV has sold vast numbers of policies to people of limited intelligence entirely deceitfully. Forget the collapse of HSV's current business - although that is rapidly in progress right now. The unfortunate customers are now entitled to have their money back. This will kill HSV several times over. Simon Cawkwell Simon Cawkwell 9 Nov '11 - 274: I was late. I am short at 232.5p. I expect the sequence will be that an insolvency specialist will tell them to raise a lot of new capital, absent which the board will have to put the company into administration/liquidation. There will be nothing back for shareholders. Simon Cawkwell https://uk.advfn.com/cmn/fbb/thread.php3?id=6550646&from=260 The HSV price had fallen to circa 200p at that time. It subsequently reached 1300p last year and is currently circa 950p ! Therefore the old mantra of DYOR applies as usual rather than taking too much notice of someone else. I have no idea what his view is on todays events but I am holding on to all of my existing shares (I'm averaged in at circa 44p) since I believe this will rerate again in due courser. Most of the selling appears to be from mercurial PI's and there is no indication that the existing institutional shareholders (who were holding circa 30%) or management (who were holding circa 40%) are unloading.
rivaldo: Given the mobile advertising opportunity I'm not surprised to see the fundraising. However, the discount at 40p is awful.....it's no wonder the institutions were "delighted" to take part. The apparent lack of director participation is also disappointing, although at least they do have extremely large shareholdings in total. Paleje has summed it up well. I too see the opportunities ahead and the value in a high recurring revenue business, but management need to get past the missteps and deliver on a consistent basis. The CEO has done it before and I believe can do it again, although the short term share price will suffer with this news - but after all it was at 40p back in April anyway.
theoldcodger: Well, against my better judgement, I've subscribed for a few via PrimaryBid. In the relatively short time PTRO has been a listed company, I've gained the distinct impression that it's run more for the benefit of the management rather than shareholders. The large discount of the placing also tells us something rather unpalatable about potential investor's enthusiasm for the issue and the share price is sure to crash when the market opens tomorrow. However, I still believe that the company has a potentially exciting future, so have given it the benefit of the doubt, but their results now need to start reflecting progress and any further fundraising before that would be a bridge too far in my opinion and have me heading swiftly for the exit. All just my musings and very much not investment advice in any way. I hold, TOC
bookbroker: Irritating, MM’s can adjust the price on relatively small volume, I’m suspicious of the gap at 40p, even if contracts underpinned the share price.
gleach23: Looks like typical PTRO share price movement. Surely not a move to low 40s after the recent news updates? I have an investment holding here but trade it with spread bets. My repeated experience is to take out a SB too early mid-drop which has meant holding on to SB losses (sometimes for months) before eventually exiting at a profit as happened last month. Am looking for another entry point now but trying to time it better this time.
rivaldo: Excellent news re PTRO's entering into a much expanded Framework Agreement with "a large Asian telco group with about 230 million subscribers". Not only substantially more ($500.000 per annum) revenue in future years, but lots more highly valued recurring income and also a very positive validation of PTRO's services and their quality: Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Large-Asian-Telco-Group-Enters-Framewo/84996196 "We will be able to sell many new products and services to them during this period and Change Requests, which have been repeating in nature, will become recurring revenues."
rivaldo: Cheers - good to see EK buying in heavily here. Here's a direct link: Https://masterinvestor.co.uk/evil-diaries/evil-knievil-taking-the-plunge-with-pelatro/ "Nobody knows what the advertising revenue will be but on a three-year view $15m p.a. is posited as possible. If so the profits thereby generated will be massive – perhaps as much as $10m p.a. This contrasts with the current capitalisation of PTRO of c. $28m at a share price of 53p. TNAV is perhaps a few million USD. The managers have been successful before and I therefore think it is wise to back them now. I bought 300,000 shares at 60p last week but quite accept that the price can retreat a bit. If so, I do not mind since this stock is for the patient. (If PTRO fails there will be very little left.) I do not know what the target price should be but by end June, say, it should be smartly higher and on a three-year view we can get anywhere."
gersemi: Low valuation Although the share price is largely unchanged since I covered the half-year results (‘Priced for profitable outcomes’ 13 October 2021), there is clear value on offer here. Based on Cenkos’ current year cash profit estimate of $2.9m – the $0.2m forecast operating loss is stated after a non-cash $3.1m depreciation and amortisation charge – Pelatro’s enterprise valuation to cash profit multiple of 6.5 times is hardly excessive for a company that should be cash-flow neutral this year, reversing a $2.3m outflow in 2020. Pelatro is also lowly rated on a multiple of 3.5 times ARR to enterprise valuation – software companies operating Software-as-a-Service models are generally rated on between eight to 10 times their ARR. As the directors convert more contracts in their $16m pipeline into ARR, and revenue starts to be earned from the mobile advertising space, I expect Pelatro’s profits to scale up rapidly and the shares to make a concerted move towards my 100p fair value target to value the equity at £37m, or 10 times 2022 forecast cash profit of $3.5m. From a technical perspective, a chart break-out above the October 2020 high (48p) would confirm that the base formation is complete to clear the path for a rally to the June 2020 high of 73p. Buy.
rivaldo: The MMs marked the share price straight down to around 47p even before a share had been traded. This would have been based completely and superficially on the fall in EBITDA/EPS and their scant knowledge of the company, without knowing the detail re the transition to SaaS etc when this was already known by investors - and in fact today's figures slightly beat the revised forecasts. Since then the share price has only dropped a further 1p-1.5p or so. Hopefully this means the share price will stabilise around here, and at some point as the market values the recurring revenues and prospects the share price may bounce. I note that Finncap have reiterated and left unchanged their 125p target price. EDIT - mfhmfh, you beat me to it whilst I was writing!
Pelatro share price data is direct from the London Stock Exchange
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