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% 6.50 71,320 07:32:23
Bid Price Offer Price High Price Low Price Open Price
6.00 7.00 6.50 6.50 6.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 7.27 -0.67 -2.10 3
Last Trade Time Trade Type Trade Size Trade Price Currency
15:16:35 O 26,523 6.25 GBX

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Posted at 29/1/2023 08:20 by 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 6.50p.
Pelatro Plc has a 4 week average price of 5.50p and a 12 week average price of 5.50p.
The 1 year high share price is 29.25p while the 1 year low share price is currently 5.50p.
There are currently 45,407,431 shares in issue and the average daily traded volume is 77,947 shares. The market capitalisation of Pelatro Plc is £2,951,483.02.
Posted at 13/1/2023 09:53 by rivaldo
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.....

Posted at 11/1/2023 19:23 by jdh1602
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.
Posted at 11/1/2023 10:07 by casholaa
I think they'd have difficulty running a corner shop let alone software. I'm looking for a decent exit price/strategy.
Posted at 11/1/2023 09:33 by sidam
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.
Posted at 01/12/2022 08:53 by rivaldo
That's a poor update to say the least, though perhaps mitigated given the current global economic climate. OK, PTRO have been hard hit by the stronger dollar, but shouldn't they have had hedging in place given their exposure? At least the change request pushback to next year is only a postponement and presumably down to market conditions.

The m/cap at 13.75p is only £6.2m now, but Dowgate's new forecast this morning is for a small $0.2m LBT for this year, with $2.9m adjusted EBITDA.

Next year sees a $0.6m PBT with $3.8m EBITDA.

PTRO also have $2.6m net cash, rising to $3m next year, plus that $6m or so annual recurring income.

I'm tempted to believe PTRO are extremely cheap at these levels (I suspect the fall is overdone and was triggered by a 390,000 sell at 16p on the bell today). Especially as management have done it and succeeded previously. But the company does have a habit of regular banana skins and not quite delivering when required.

Dowgate somewhat optimistically retain their Buy and 65p price target.....

Posted at 09/11/2022 14:34 by gleach23
SP looking weak again. Can currently buy at the 20p Bid price.

About time we had some contract news to spark the share price into life -

- another fintech contract?
- an update on the POC work for the large telco which could potentially be transformative?
- new customers in the African and/or Middle East markets?

Posted at 23/9/2022 09:14 by sphere25
ST tips it and you get two buys here with over two hours gone into the trading day. Not alot going on over at VLG as well as alot of the others that have been tipped of late.

Remember the time people were falling over themselves to buy those tips and you could piggyback the momentum for quick trades?

What a stark contrast.

You'd wake up and be sat like an athlete on the blocks, ready to get in quick trying to beat most. The aim being clearly to maximise profits, but to also get in sharpish before the market makers closed off the marked up offer on the opening price point (and the next price points) before you got in and the price ran away.

What a stark contrast.

The market makers must wake up nowadays (well if they don't have a lie in), brew some coffee, read the papers, brew some more coffee, have a nap because the coffee wasn't brewed well enough, perhaps brew some more coffee...

What a stark contrast.

The interesting thing is that it is definitely a sign of sentiment here in the UK, showing that there has been at least some form of major washout, even if the overall bottom isn't in. I guess there are notable and educating observations to be made when we look around the market.

As for PTRO, it actually looks like they are going to hit their numbers on at least the next couple of trading updates and maybe beyond, but it doesn't strike you that those roaring bullish spirits will be coming around for a while yet.

Nobody wants to be that grim guy, but as they say...

We are where we are.

All imo

Posted at 24/5/2022 12:48 by rivaldo
Here's ST's full tip for the record (excuse the formatting!):

"Tapping into Software-as-a-ServiceA company that makes its money by providing telecom operators with precision marketingsoftware has delivered a step change in revenue and profitability

May 23, 2022 By Simon Thompson

Annual cash profit rises sixfold to$2.8mn (£2.2mn) to deliver small adjusted pre-tax profit on 80 per cent higher revenue of $7.2mn
Annual recurring revenue and repeat income account for 92 per cent of total, compared with 80 per cent in 2020
New business pipeline worth $17mn

Aim-traded Pelatro (PTRO:22.75p), a company that makes its money by providing 23 large telecoms operators with precision marketing software, delivered a step change in profitability last year. Cash profit ros emore than sixfold to $2.8mn (before accounting for non-cash depreciation,share-based payments and amortisation charges) as the operational leverage of thebusiness kicked in on an increasing recurring revenue stream.

Pelatro uses 'big data' analytics (artificialintelligence, machine learning and otheranalytical techniques) to reveal patterns,trends, associations and behavioural traitsof telecom subscribers. These insightsenable mobile telecom operators tomonetise their data, boost average revenueper user and their share of subscriberspend, while also reducing churn rates. It’sproving popular. The group added threenew clients to its customer base last yearand now processes data of over 1bn telecom subscribers every day.

However, the real game changer has been transitioning large Asian telecom operators to long-term managed service contracts that produce an annual recurring revenue(ARR) stream and a high level of repeatbusiness. To put this into perspective,Pelatro’s ARR of $4.8mn accounted for two-thirds of last year’s total revenue of $7.2mn,and that excludes $2mn of change requests,effectively repeat revenue earned from clients as products evolve. The group started 2022 with ARR of $6mn, or fourtimes higher than at the start of 2019.Furthermore, the addition of three new customers has reduced concentration risk,with only two clients now accounting formore than 10 per cent of revenue.

The directors are also leveraging Pelatro'sposition in 'big data' analytics by entering the mobile advertising space, a market thatis projected to double in size to $221bn by 2024. Expect the first customer to be signedthis year, adding another potentiallyvaluable revenue stream.

Importantly, gross cash of $3.3mn(excluding borrowings of $0.75mn) has been buoyed by $1.9mn received from debtors since the financial year-end, whilethe strength of the order book is such that ARR is expected to account for 80 per cent of the $9mn revenue forecast this year, saysmanaging director Subash Menon. New house broker finnCap has yet to initiate coverage, but the business is clearly generating strong momentum.

This explains why Pelatro’s share price bounced 21 per cent post results, having been de-rated since the half-year results(‘Dial into a lowly rated tech play’, 28September 2021). However, even if theshare price doubles from this point, Pelatrowould still be undervalued as its enterprise valuation is only 1.1 times forecast revenuefor 2022 and a miserly 3.7 times historic cash profit, respective discounts of 66 percent and 74 per cent to finnCap’s Tech 40 Spec Software index. Buy."

Posted at 23/5/2022 07:55 by rivaldo
Good to see an uptick in the share price after today 2021 prelims. The quality of the core business looks to be steadily improving in overall terms with ARR rising nicely, as is the number of clients, with the group currently trading in line with expectations this year.

But PTRO made an almost £900k operating loss in the last H2 after achieving £400k operating profit in H1'21.

The main reason for this is Amortisation and Depreciation which rose to £2m in H2 from £1.2m in H1.

Adjusted EBITDA fell to around £1.2m in H2 from £1.6m in H1.

Wages and salaries rose to £2.9m from £1.8m the prior year, with employee numbers rising to 235 from 166. Directors' emoluments rose to £782k from £675k.

So PTRO are certainly gearing up.

I'm mildly encouraged about progress here, but there are factors which make it too early for me to top up at present.

Posted at 10/5/2021 12:55 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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