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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petards Group Plc | PEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 13/6/2024 17:05 by doug74 So, PEG was sat on a pile of cash and common opinion was that the company was undervalued. It invests that cash in an acquisition and the company is today worth 14% less.The main issue is not the assets or the business segments. It’s the management team. The market has no faith. Only once the current geriatric team has finally taken up sheltered accommodation, can a proper restructuring take place, removing excess layers and cost, take advantage of synergies across the 3 divisions, drive commercial focus, improve financial mgt. and control, revamp the web site, etc., etc. and…generate shareholder value. |
Posted at 13/6/2024 07:28 by rivaldo The results are a relative sideshow - the £2.8m acquisition is the big news for this now £4.6m m/cap company:- highly profitable at £401k op.profit and £652k EBITDA - prior 14 months saw £732k op.profit and £1.249m EBITDA - 50% recurring income - complementary industries and services offering synergies - acquisition is mostly from cash (including o/d) and should be highly earnings-enhancing It's somewhat of a gamble as it's using up PEG's cash pile. But it's good to see PEG taking the risk and upping the stakes. The poor results are due to the hiatus in UK Rail - and to the £0.6m acquisition costs due to the nature of the transaction changing, which is too high. However: - PEG have in the last Q4 cut overheads by £0.4m, and remained EBITDA-positive at £340k - UK Rail is finally coming back to life - QRO continues to be a lifesaver and Defence appears more promising now If Rail really does turn positive then PEG has a long way to go from here. |
Posted at 13/6/2024 07:10 by dealit Results are not a nice read, what a sad state of affairs PEG are IMHO. |
Posted at 19/4/2024 13:22 by smithie6 not sure if your post replies to my postor what point you are trying to make )& perhaps haven't made very clear) from post 1801 "Petards has three active subsidiaries: QRO (ANPR), RTS (rail software) and Petards Joyce Loebl (rail systems and defence). Per Companies House, in 2023 the results were (turnover/pretax/pos QRO - £4.422m, £588k, £535k RTS - £611k, £2k, £22k (so it's relatively minor) PJL - £6.09m, loss (£725k), loss (£329k) Group, no doubt reflecting intra-group turnover, head office charges and other adjustments - £10.872m, £178k, £524k." my question was what did people think about the loss making subsidiary & whether one option might be to sell it so that its recent losses would not be a drag on the group, if that loss is an on-going situation. What is your opinion ? ------ I am new'ish to PEG, (but sitting on a nice profit. :-) ), happy to see any opinions. |
Posted at 17/4/2024 13:08 by smithie6 Someone keeps hitting the buy button.Including last 3 trades, 10k shares, then 5k, then 5k. (As I understand it one is not officially allowed to do that, so the MM might get a bit riled. But I guess the MM(s) can just move it to "no trades" if they want & force orders to be submitted as limited price requested trade orders, & just ignore the buy orders, until some sell trades go thru. I assume that the buyer is certain that those Alsthom trains/wagons will order the CCTV from PEG and that every wagon will have CCTV. (Pretty std nowadays I think for new train wagons). |
Posted at 17/4/2024 12:41 by smithie6 Btw...the drag on past performance has been the defence sector part of PEG. What do people think that might happen with that subsidiary in '24 ? Might it pick up some work from the conflicts in Ukraine or the middle east ? Or might PEG sell the subsidiary? (As far as I can see it is doing one offs & support tasks for the UK military but very small quantity. And very difficult to make money from that imo once you deduct office costs, secretaries, accounts, directors, advertising, travel, pensions, etc. And surely virtually impossible for this subsidiary to create a product that could be sold in large numbers to the military since the R&D cost would be too high to afford. I applaud the subsidiary for the range of skills they have, including TEMPEST, EMC, UHF, VHF, microwave, displays etc etc). ----- The subsidiary doing automatic number plate recognition (& other similar stuff) is the subsidiary doing well. |
Posted at 17/4/2024 11:57 by rivaldo Perhaps a little buying has been coming in on the back of the overnight news that the UK's largest train factory owned by Alstom (a PEG customer) has been saved with a government order of ten commuter trains... |
Posted at 14/2/2024 09:28 by rivaldo Good (though not particularly material) to see the £300k contract renewal for RTS's software licences, maintenance and support services:I actually though this news the other day was much more significant - Siemens (a PEG customer) has transferred a load of train building work from Austria to its Goole factory: "for a busier-than-expected spring opening, creating 2,400 jobs and signaling a resurgence in British manufacturing. The factory will produce 94 energy-efficient metro trains for the Piccadilly Line, modernizing the fleet and easing overcrowding during peak hours" And: "Siemens is setting its sights on securing additional contracts for both the London Underground and mainline railways" I have no idea whether PEG will directly gain work from this. But perhaps it signals that the hiatus in UK train contracts is at last beginning to break. If so, PEG are likely to be one of the beneficiaries: |
Posted at 26/1/2024 09:11 by rivaldo PEG's m/cap is now £2.1m after the trading update, against a cash pile of essentially £1.5m including the delayed receipt.The below expectations update reflects the hiatus in train build industry expenditure, bur even so isn't a complete disaster as I assume QRO continues to trade well, resulting in a new WH Ireland forecast of a £0.6m LBT for 2023. I just wonder what PEG would be worth if the 3 divisions were sold off separately. Surely a multiple of £2.1m? WH Ireland - presumably after discussions with management - have retained their forecasts for this year of £10.9m revenues, £0.3m PBT and 1.1p EPS, with £2.3m net cash at the end of the year. |
Posted at 03/1/2024 18:04 by rivaldo Yet another new major shareholder - Philip J Milton & Company Plc have notified they now have 4.29%, or almost 2.43m shares:They're wealth managers from Devon: The two Jons plus Milton have therefore bought and notified they're holding around 10.5% of PEG in the last month, i.e Charwell's stake and more (though of course the newbies may have held some stock beforehand). It's indicative of something that the "disclosable interests" section of the Investors page on PEG's web site hasn't been updated since June 2017.....which reflects not only on PEG but also WH Ireland who "should" be on top of these things. You have to laugh. |
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