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PTRO Pelatro Plc

0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
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% 1.02 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.80 1.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.02 GBX

Pelatro (PTRO) Latest News

Pelatro (PTRO) Discussions and Chat

Pelatro Forums and Chat

Date Time Title Posts
11/4/202421:28Pelatro PLC (with charts)562
07/7/202010:31Pelatro PLC349

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Pelatro (PTRO) Most Recent Trades

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Pelatro (PTRO) Top Chat Posts

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Posted at 12/12/2023 22:15 by cordwainer
^ Purchased for a cool £2.3 million in 2021. If only PTRO had invested in property instead of a bottomless pit of intractable software provisions reliant on a large cohort of pliable over-active consumers.
Posted at 29/9/2023 17:51 by mudbath
Any investor who is following PTRO off the AIM market can take heart from the very professional way that the Company web site has been updated today in order to reflect its revised corporate status.
Posted at 25/9/2023 19:42 by mudbath
The bid price for PTRO shares rose by 75% through the day. (0.4 to 0.7p)

Will we see the share price rise above 1.25p before the final day of trading on Thursday ?
Posted at 19/7/2023 14:16 by casholaa
@TOC it has a good concept, I think that it is workable, but they are dealing with non-western culture of doing business. I lost some money here a while back, so I still keep an eye on it. Could be a decent cyclical trading share if these payment delays become recurrent.
Posted at 26/6/2023 10:16 by rivaldo
Friday's AGM statement seems to have gone unnoticed, but - at last! - it seems to show a continuing momentum and recovery:

"Current trading

Recent contract wins demonstrate our continuing success in securing contracts with large customers building the Group's recurring revenue base. With these, the Group now has 28 customers and an ARR of over $7m.

In addition to these, we continue to see strong demand from our existing customers for change requests and have contracted for around $1.7m already this year in respect of this revenue.

Outlook for the year

Our pipeline remains strong at around $23m, including some $5m of non-telco prospects - its highest ever level and which we are confident will produce results in the coming months and years."
Posted at 03/6/2023 14:33 by gleach23
In searching for this year's AGM date (as in the past there has been a trading update on the day) I came across the 'Notice of AGM' RNS from Thursday just gone, questionably timed @ 17.26.

The RNS advises the AGM will be 23 Jun and includes the following (it'll be interesting to see what price any new shares will be issued at)-

"Share authority, funding and potential acquisitions

The AGM notice contains both ordinary and special resolutions to enable the Company to issue a significant number of shares on a non-pre-emptive basis, up to an aggregate nominal amount of GBP1,875,000.00, . Such issue is intended to finance potential acquisitions and any associated working capital required. The Company has received indicative non-binding commitments from a number of overseas family offices as well as from management of the Group to subscribe for any shares to be issued that will fund the entire consideration for any potential acquisitions that are completed thereby underwriting the entire issue without the need to raise any funding from the UK market. The number of new shares issued might be considerably less than the amount allowed for in the special resolution depending on the price at which the shares will be issued. Seeking the above mentioned authority the Directors believe will ensure speed and certainty of funding.

Broadly the Company is seeking to make acquisitions that will add quality recurring revenue and will diversify the Company away from both emerging markets and the telco sector and add new verticals and a broader geographic presence.

Having discussed this issue with the Company's major shareholders, the Board considers this proposal to be in the best interests of shareholders and encourage them to vote in favour of the relevant resolutions at the forthcoming AGM.

There can be no certainty that any acquisitions will complete or the terms of any such acquisitions. Shareholders will be updated as soon as possible on progress and the Board commits to only use the substantial share authority sought to help fund strategic acquisitions.

"As a significant shareholder, I will endeavour to minimise the dilution to the extent possible thereby protecting shareholder value", said Subash Menon, the CEO, Managing Director and Co-Founder of the Company."
Posted at 21/5/2023 15:14 by wilske
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.
Posted at 18/5/2023 21:17 by gleach23
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...
Posted at 19/4/2023 09:37 by gleach23
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.
Posted at 10/5/2021 13:55 by 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.
Pelatro share price data is direct from the London Stock Exchange

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