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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% | 6.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 | 6.50 | 6.50 | 6.50 |
| Industry Sector |
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| SUPPORT SERVICES |
| Top Posts |
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Posted at 02/2/2024 10:12 by fevertreeman They'd be enough suitors I'm sure. The problem is that the awful Abdullahs have driven this into the grounds; its effectively a lifestyle business from them, which they show absolutely no signs of wanting to give up.My biggest worry is that they attempt a 'smash n grab' at a derisory price dressed up as an MBO just at the point that their main market Rail starts to pick up. Why do I think that? Because all teh signs are there: virtually no investment in the business: R&D has been consistently reduced; not invested in sales & marketing; talked about but not executed on any acquisition; given no updates or explanation about current & future strategy; ignored investor relations or courting new investors- website is a disgrace...if they were truly interested in driving the business forward the above would be very different. |
Posted at 01/2/2024 18:11 by doug74 Rivaldo, Always admire you're positivity. Are you a Brazilian footballer or an Abdullah incognito? :)Fevertree, I hope you're right with the two slight glimmers. Not sure that 1970's rail and defence management style will work with AI markets. Certainly a smash n grab seems a risk. Dave, Totally agree. It seems MM's live from day to day. With such a short sighted time horizon in relation to spreads its difficult to see how PEG could grow as a tech stock. If the "value" is there, despite the Abdullahs, why not half the spread to encourage investors, and more than double the volume at a higher price? Maybe I'm just simple. |
Posted at 30/1/2024 20:55 by doug74 So net assets about £7.9m, of which intangible assets (capitalised internal hours) £3.7m that it appears the market thinks are worthless, market cap £2.1m (so 70% discount), cash £1.5m, P/E ratio of less than 4. There’s a hint of AI and the market reaction is? Half a pence with a delayed widening to the spread – 20%. Really? Hardly Silicon Valley or Cyberdyne. While disgracefully greedy and clearly disincentivising investors, the MM’s can’t take all the blame. The market places a negative value on the Abdullahs. |
Posted at 25/1/2024 09:26 by baner Dave - i totally agree with you - the so called market makers (which is the last thing they are) actually ”steal” money from investors, without adding any value what so ever. This is really very bad for the reputation of the UK stock market and it is indeed strange that the LSE allow this to continue. They should have some form of penalty, confiscating ”profits” |
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. |
Posted at 14/12/2023 13:09 by dave4545 Remember that name from AEO he seems to be a value investor.Usually does well |
Posted at 13/12/2023 15:35 by dealit Charwell Investments Limited Cayman islands, Jonathan David Selby Cranston, who are these investors. All seems wrong IMHO. |
Posted at 30/6/2023 11:46 by fevertreeman Yes its a tricky one. For me this is woefully undervalued and part of the problem is down to a complete lack of interest from the management and owners about presenting their case. The investor relations is non existent and the website appalling. |
Posted at 19/6/2023 08:58 by fevertreeman I think that what is missing is any urgency from Raschid and Osman Abdullah who run the company. I continue to hold this but share price has shrank consistently over last 2 years as the firm has failed to get out of its trough. It has been hit badly by a number of factors:1. General lack of investor interest in micro-caps &AIM listed -NOT IN THEIR CONTROL 2. Appalling Investor Profile: dreadful website, no media visibility. Ridiculous that they can't be bothered to produce a proper up-to-date investor presentation. TOTALLY W/I THEIR CONTROL 3.Covid impact on rail sector: their biggest segment has been badly hit by coivd and aftermath, with capex grinding to virtual standstill, badly impacting order intake. Only slowly recovering now, partly mitigated by ANPR business which is performing very well. NOT IN THEIR CONTROL 4. Acquisitions: they have spoken repeatedly about add-on acquisitions but have failed to get one across the line as yet. At some point ehy may land one but valuation gap still an issue. PARTIALLY W/I THEIR CONTROL 5. Cash Pile: They clearly want to use it to (1) reinvest and (2) make acquisitions but the longer (2) doesnt happen the more it becomes an issue when +50pc of market cap is presented by cash on b/s W/I THEIR CONTROL 6. What is the strategy? Unclear wther this is (1) lifestyle company for the Abdullahs and they are content to just potter along (2) They want to buy n build the business and yet we have had no sign of any ambition on that front (3) They are looking for an exit (see appointment of new NED). Very unclear what the game plan is. W/I THEIR CONTROL |
Posted at 03/2/2023 12:03 by dalmeny Under "1-month >EPS upgrades", Investors Chronicle magazine has PEG down for 2.9p. I can find no reference to this online. Does anyone have access to this forecast? |
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