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 0.00% 80.25 51,167 08:00:00
Bid Price Offer Price High Price Low Price Open Price
79.00 81.50 80.25 80.25 80.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 6.12 2.51 8.00 10.0 26.0
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 O 10,000 80.00 GBX

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Date Time Title Posts
25/6/201914:20Pelatro PLC282

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Pelatro (PTRO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-26 15:35:1380.0010,0008,000.00O
2019-06-26 15:29:2980.0010,0008,000.00O
2019-06-26 12:41:5680.2025,00020,050.00O
2019-06-26 07:47:1780.956,1674,991.88O
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Pelatro (PTRO) Top Chat Posts

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 80.25p.
Pelatro Plc has a 4 week average price of 69.25p and a 12 week average price of 69.25p.
The 1 year high share price is 98p while the 1 year low share price is currently 59p.
There are currently 32,532,431 shares in issue and the average daily traded volume is 208,448 shares. The market capitalisation of Pelatro Plc is £26,107,275.88.
rivaldo: After the March contract win, visibility was "approximately $6m" for this year. I assume change requests etc then increased this to $6.3m, and that the $1.5m contract win a week ago is additional to this as otherwise the maths doesn't work. Presumably the $6.3m was as at the end of May, in which case PTRO is now at $7.8m (or say $7m+) for this year. I agree with rgmgo's point above - if PTRO were to achieve only 11.4c EPS this year, i.e 9p EPS (compared to the forecast 15.4c), then at 80p the share price would still look very cheap, especially given the growth potential. Perhaps Finncap should be underplaying this year's growth, allowing PTRO to over deliver, rather than building in this expectation of fast growth, which is welcome and certainly achievable, but could be derailed by just one mis-step. EDIT - mikeh30, sorry, my post crossed with yours.
rgmgo: Those are good points daz & it would be great if anyone could get a clarification on the revenue recognition on the new contract. Ex the recent win, I'm assuming that change requests are the key to delivering the current year forecast as in theory they are the more predictable revenue stream and there would typically be a shorter timeline to revenue recognition. Management previously indicated that it hopes to get full visibility of 2019 revenues within Q3, which is later than last year, but one major early contract win had a disproportionate impact then as the company was much less diversified. IMO hitting 2019 expectations is clearly an important issue but as (hopefully) a long term holder I think there is enough slack in the earnings multiple on a reported, or cash expensed basis, that a small miss wouldn't undermine the LT valuation case, although granted it certainly wouldn't do the share price any favours short term. Indeed, you could argue that the rapidly broadening customer base and new product momentum is more indicative of long term earnings power than a specific revenue figure for 2019. A big miss might however change that equation.
rivaldo: Finncap retain their 125p target price and 15.4c EPS forecast, and conclude as follows: "Undervalued: The share price has bounced from its lows but remains very cheap. The finnCap Tech40 and Next50 indices are currently trading on average forward P/E multiples of 23.9x and 18.7x respectively. In contrast, Pelatro is on just 6.6x FY 2019 while consistently profitable, cash generative and demonstrating high growth (turnover jumping 161% in FY 2017 and 95% in 2018). We feel there is much more value to come."
rivaldo: Finncap reiterate their 125p target and summarise: "Recent share price weakness has left the stock significantly undervalued on the fundamentals and with the steady flow of contract wins this year, investors can be ever more confident in its market expectations. The current forward earnings multiple of under 6x is woefully inadequate for such a high growth business with global prospects and with this ever-improving visibility we expect an imminent recovery in the valuation. Undervalued: The finnCap Tech40 and Next50 are currently trading on average forward P/E multiples of 23.6x and 19.7x respectively. In contrast Pelatro is trading on just 5.8x FY 2019 while consistently profitable, cash generative and demonstrating high growth (turnover jumping 161% in FY 2017 and 95% in 2018). We feel this is deeply undervalued and due a revaluation."
rivaldo: Artemis VCT say this today in their results: "It is now just over a year since we invested in Pelatro and the company has delivered on the expectations set out at the time. Indeed, a growing number of telecoms companies are adopting Pelatro's software and the acquisition of Danateq has bedded down well." They also say they actually sold some PTRO as it represented too high a weighting for them given its relatively "early stage of development", so this may explain why the share price fell back from the highs.
davidosh: Quite a few questions to answer and PIs need to be able to regain confidence which is such a shame after the share price had hit the ATH. Hopefully it can move back up but for investors wanting to meet the directors next month will be the ideal opportunity... Just to let you all know that Pelatro will be presenting at the Mello2019 event on Thursday 16th May and Friday 17th May. They will also have a stand at the event so available for Q&A with the delegates. Http:// They will almost certainly be doing two presentations so one in the morning and one afternoon. More info and tickets here...Http:// If you use the code ADVFN30 you will be able to receive a 30% discount off the ticket price
rivaldo: Lovely results - business is humming along. Repeat revenues are building nicely, net cash is up to $2.2m, and with 10.1c historic EPS and a big jump likely this year the current share price looks pretty cheap.
rivaldo: Great news - looking forward to it davidosh. That should spread the word nicely - the share price has slipped disproportionately on minimal volumes in the market turbulence. ...and now we have yet another contract win, and a major one to boot with 65 million subscribers.... Https:// "Pelatro selected to provide Loyalty Management Solution to Grameenphone of Bangladesh Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, is pleased to announce that it has been selected the supply its Loyalty Management Solution to Grameenphone, the leading telco in Bangladesh with approximately 65 million subscribers and part of the Telenor Group of Norway. etc"
rivaldo: Excellent coverage this morning on Citywire as follows which should bring in more interest to this under-the-radar share: Http:// "Pelatro (PTRO) Who’s trading? Citywire AAA-rated James Baker The trade: Chelverton’s UK growth specialist took a 5.3% stake in data analytics and marketing business Pelatro, worth £1.6 million at a share price of 77p. How have the shares performed? The AIM-listed tech firm has climbed 18% from its late 2017 admission price of 62.5p, although it has not since challenged an early January high of 89.5p. What does the company say? Launched by Subex founder Subash Menon, Pelatro reported a 160% rise in revenue in 2017 to $3.15 million (£2.4 million). The company also points to a solid pipeline of contract wins, which has put it on course to meet forecasts. What’s the outlook? Broker finnCap rates Pelatro as a ‘buy’ on a 100p price target, having recently predicted that the company will double its 2017 numbers this year. After proving its product line with telco clients, finnCap says it is likely to take its services to new sectors."
rivaldo: I've bought in here recently. With 8.5c EPS forecast for this year, rising to 15.4c EPS next year, there's potentially large upside from here. Trading is strong, and the AGM noted that PTRO are "on track to at least meet market expectations for the full year". The recent acquisition was excellent, being highly earnings-enhancing and bringing in significant recurring revenues. The share register/institutional shareholder base for a small company is particularly impressive. And the current share price is not far off the acquisition placing price. Good to see you here too timbo003. Did you go to a presentation at all - what were your impressions if so?
Pelatro share price data is direct from the London Stock Exchange
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