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 64,660 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 14
Last Trade Time Trade Type Trade Size Trade Price Currency
14:43:36 O 10,000 37.95 GBX

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Date Time Title Posts
15/4/202120:02Pelatro PLC (with charts)264
07/7/202010:31Pelatro PLC349

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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 35p.
The 1 year high share price is 72.50p while the 1 year low share price is currently 33p.
There are currently 37,032,431 shares in issue and the average daily traded volume is 301,564 shares. The market capitalisation of Pelatro Plc is £14,072,323.78.
paleje: Thanks riv. So the ARR is slightly better than the 5.3m on which they rated fair value at 84p/share. And that is now contracted not estimated and we still have 3/4 of the year to go. But the exciting bit is the potential new advertising opportunity which isn't reflected at all. Seems the market needs to see it to believe it, there are reasons, but if management keep producing the share price will respond eventually.
sphere25: Ok so some positive movement on the results (+6%), but nothing to suggest a bullish market stance as yet. Price still range bound and well off the highs with a notable 239,500 exchanged at 39.2p. This follows some of the prior notable trades: 200k @37.5p 300k @38.25p 315k @37.75p The trade today just shows there are still sellers in size who want out regardless of the news here, even if it appears to be a new positive chapter for PTRO. The noises they are making suggest the future is bright and alot brighter than my small positioned risk averse stance here. Clearly buyers in size are coming in to pick up these blocks of shares so an interesting one to keep a tabs of, to see if a demand imbalance can be caused at some point, and indeed if the improved outlook does transpire. These are the main shareholders (as at 12th Jan 2001): Bannix Management LLP* 12,993,553 35.09% Chelverton Asset Management Limited 1,725,000 4.66% Rathbones Investment Management 1,615,626 4.36% Herald Investment Management 1,561,986 4.22% It is only Chelverton who have moved via RNS in 2021 to cross 3% and hold 4.66%. Surely someone is going to cross another threshold with all these noteworthy blocks being exchanged. As far as I can see it looks like Killik are the ones who have mainly been responsible for the selling here and were down under the disclosable threshold to 944k recently. Possibly all those need clearing out? I'm just speculating on who the main drag might be here. Clearly the market in its entirety has been apprehensive, but if these buyers keep coming into pick up large blocks, it does become more and more interesting. And now we wait to see if anyone with a mahooosive following does a bullish write up! All imo DYOR
sphere25: No problem gleach23 Shifting on nothing buying now with the price popping 5.6% into the close. One more post to come and then sleep through the weekend ha All imo DYOR
sphere25: They are coming in to buy in size because they clearly believe in a change in company prospects and a valuation that hasn't priced that future in. There are some sellers selling the move higher atm. It's a nothing move so surprising. Looking abit deeper here, another interesting angle for a much bigger return could be on the back of Simon Thompson. Note the comments on a "similar rally" in the previous write up on the 12th October last year: "House broker Cenkos is maintaining forecasts that point towards 2020 revenue increasing by 10 per cent to $7.4m to deliver flat cash profit of $3m (£2.3m). Deduct forecast year-end net cash of $3.4m (£2.6m) from Pelatro’s market capitalisation of £15.5m, and its enterprise valuation equates to less than six times cash profit. That’s hardly an exacting rating for a company boasting a bumper bid pipeline and one that now processes data for 19 telecom operator clients around the world with more than 800m subscribers. After I last suggested buying the shares at 50.5p the price subsequently rallied by almost 50 per cent to 73.75p before succumbing to profit taking (‘Six small-cap buys’, 22 June 2020). I feel that a similar rally could be on the cards, making this a repeat buying opportunity. Buy." The reason that rocket ship type of move (June 2020) didn't repeat is because of these larger sellers who have been holding the price back. Since October last year, PTRO hasn't seen the types of volume exchanges it has in recent days to clear these sellers. Now that we are seeing the clearing of these sellers, ST's comments on a "similar rally" come more to the fore. If these sellers aren't going to be in play or have a much reduced impact, one good write up from ST could easily cause a surge in buying now that sends the shares north in a rather interesting way. That could be the more rewarding exit point. All imo DYOR
sphere25: 37m shares in issue so a 200k block is significant, particularly relative to normal daily volumes. It looks like a 25k block buyer this morning and two further delayed 100k prints just hit at 37.5p. This is the kind of interest I'm looking for here to change the whole complexion from apprehension/bearish stance to more bullish. Still doesn't appear to be enough but watching closely for more. I'm sure folk can keep an eye on it and any price moves if they happen. Don't need to keep posting here. All the information and setup is above. All imo DYOR
sphere25: 200k delayed print at 37.5p - meaty one for PTRO. Volume now 541k but still not enough to move the dial. Any more for any more? All imo DYOR
rivaldo: Good news - another $400k of change request contract wins, taking 2021's revenue visibility to $6m. The CEO's reiterated confidence in meeting forecasts this year is encouraging at this early stage: Https://
sphere25: Seen as XLM appears to have given the finger, let's have a look at another similar shorter term technical high risk play. Similarities: - Downward trend in the longer term chart due to the company disappointing - Price in a consolidating range - Sellers in size at work preventing a breakout above the key 40p mark - Possible floor in the price and a valuation recovery play with the company making more bullish noises of late - Not one to hold into news from a shorter term viewpoint, just in case they disappoint again. Clearly delivering on expectations will warrant a further review. Market will certainly be less apprehensive with a re-rating possible then. It is prone to larger moves this one and needs a big clearout of sellers before it can threaten the key 40p mark and a sustained bullish move higher. Looking at previous sharp volume based moves as a very high level guide, somewhere well in excess of 600k and possibly more than a million of volume needed. That's just guesswork really as there doesn't appear to be an obvious seller: Bannix Management LLP 12,993,553 35.09% Chelverton Asset Management Limited 1,725,000 4.66% Rathbones Investment Management 1,615,626 4.36% Herald Investment Management 1,561,986 4.22% Furthermore, each day is different and the depth of any sellers and how they behave from day to day or in the near term is unknown. Herald had reduced some and further down the shareholder register, clients of Killik had been lobbing and had reduced to 945k in July last year. It is inconclusive on a single large seller. This looks more than a single seller overhang. Previous examples have shown a single seller to be an overhang. This one carries the tag of a collective market apprehension on the valuation and forward prospects. Three markets makers on the offer currently at 39p, which has been a persistent wall in preventing any move higher. Plenty of shares available to buy well under the offer, and even though you can trade inside the price on RSP, the spread and illiquidity doesn't make this one conducive to regular trading. No position here, but whilst it is in FlatlineCity and prone to sharp spikes, it is an interesting watch for a BIG volume clearout to suggest buyers in size (i.e. a big thumbs up on confidence in the company) have come into clear out stale bulls to allow a re-rating. But will the large buyers come or will the market await further news and then review? All to be revealed in due course. All imo Don't be a lemon DYOR
rivaldo: Good news - should be an excellent reference point for further sales given this Asian customer has 400 million subscriber. Does completion of implementation mean that a chunk of income will now fall into this H1 I wonder? Https://
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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