Petards Share Discussion Threads

[partner] 19/11/2024 08:06

That is the trade I was referring to , thought it went through yesterday . I stand corrected.

[smithie6] 19/11/2024 07:44

I think that you meant the following trade

on 15th Nov.....not yesterday
no trades at all yesterday imo

15-Nov-24 11:37:25 9.24p 268,681. ~£25k

well, there was a sell of 100k shares the day before that I think....14th Nov

some buyers...some sellers...makes a market

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someone buying £25k worth of PEG shares is a positive sign for the shares imo
;-)

[partner] 19/11/2024 07:35

Can’t think that someone had the nod about this ( good news)in advance !. Just shrewd buying of over 250.000 shares yesterday !.

[smithie6] 04/10/2024 20:17

....if it delivers over the medium term, as it has good chances of doing, it will surely bounce up & down during the upwards trip.

[fevertreeman] 01/10/2024 22:47

Like you I'm surprised about the d/grade. I'm torn between believing that finally things have turned around and we can see a long overdue climb back in Petards's fortunes versus the knowledge of the lousy stewardship we've been subjected to by the Abdullahs for years. We won't be out of teh woods imv till we see a decent run of rail orders. If that happens, I'll buy more but at the mo happy to hold.

[rivaldo] 01/10/2024 09:14

The downgrade to a small loss this year is surprising and unwelcome. Although Zeus say this is on a "precautionary" basis, given the uncertainty over contract delivery timings and a forecast improvement in H2, especially including the Affini acquisition.

I'm happy to stick here though. I like the look of Affini. QRO is looking great. Defence is somewhat moribund but should improve over time, and Rail only needs one or two decent orders to come very good indeed. The forecast for next year is for £0.6m PBT and 1p EPS.

The share price will probably be becalmed/drift down for a while following these interims unless the run of contract wins continues (although these don't seem to have saved this year's numbers). Plus there's the run up to the Budget as regards AIM shares.

[smithie6] 25/9/2024 17:08

indeed

well spotted

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.(..if a MM has a few shares on his books in a rising share......doesn't do his annual profit report any harm)

[partner] 25/9/2024 15:48

MM's seemed strong into the close taking stock on at 10p despite the late buy showing at 10.45p, they appeared to have purchased more than they sold, lets hope they take this higher.

[smithie6] 25/9/2024 14:56

..& well done PEG with the numerous contract wins.

(& that some technology being bought by the police will replace equipment from a different company gives a good feeling for the capabilities of the PEG/QRO equipment for ANPR).

[smithie6] 25/9/2024 09:27

in reply to ltinvestor

btw

nationalising the rail system.

Do the licence holders own the trains they operate so the Govt will have to buy the trains ?
If so has the Govt got the money ?
(UK govt debt is already sky high, various road projects needing money have been cancelled).

Does the Govt or a private co. own the train tracks & stations & signalling ?
& if owned by a private co. has the Govt got the cash to buy the track system & stations ?

=====
I think a state owned (& subsidised !!) train system would make sense (the same as in most countries)
& while the Labour Govt might want to do it (& probably also nationalise the fresh water supply system as well) , whether it actually ends up happening is far from clear. The high cost surely being a massive obstacle.

[rivaldo] 25/9/2024 08:03

That's 5 contract win RNS's in the last 6 weeks....

This £0.4m contract is due to be delivered before the end of this year so should help deliver current forecasts.

The strategy of diversifying through the acquisitions of QRO, RTS and now Affini has certainly been successful and ameliorated the lengthy hiatus in UK rail. Now that rail is seemingly coming back, a PEG firing on all cylinders will be an interesting proposition if all goes well:

[ltinvestor] 25/9/2024 07:20

Another significant contract announcement today and following on from Starmers pledge yesterday to nationalise the “ railways” by not renewing rail franchises ( all due between 2024-27) and improving the network the future is looking good for Petard imo.

[balcony] 25/9/2024 06:11

One a day now.

[rivaldo] 24/9/2024 14:43

Ooops - missed the big contract win just announced!

QRO win yet again - £600,000 to start with potentially rising to £800,000.

Not only are the contract sizes getting larger, but QRO are replacing competitor systems.....



"Petards, the AIM quoted developer of advanced security, communication and surveillance systems, announces that its subsidiary, QRO Solutions (QRO), has been awarded a contract worth in excess of £0.6 million for ANPR systems, with an option for the customer to increase this further to £0.8 million.

The contract is for the supply and installation of QRO's NASBox roadside ANPR systems to one of its existing UK police force customers. The new systems represent an upgrade to the customer's current technology and will replace systems previously installed by a competitor.

Deliveries are expected to commence in the final quarter of 2024 with £0.4 million scheduled to be delivered within the first year and the balance of £0.2 million before the end of the second year. The customer's option to increase the order value by a further £0.2 million to procure other ANPR equipment, may be exercised for deliveries within the next three years.

Raschid Abdullah, Chairman of Petards Group plc said:

"We are delighted at QRO's success in securing this significant contract and that one of the UK's largest police forces has again selected QRO to supply its ANPR technology."

[ltinvestor] 24/9/2024 12:58

Hardly any stock available…I have topped up with another 25k at 8.8…

[rivaldo] 24/9/2024 12:51

Must be some decent buying not yet reported given the share price is up 0.75p on not a single share reported traded as yet!

I was hoping the share price would fall back again for another top up, but sadly not the case. It seems that the latest acquisition, various contract wins and small indications of an uptick in the rail sector are causing a return to form.

Chart-wise this is the highest for 18 months.

[the oak tree] 05/9/2024 08:20

Thanks pldazzle, useful info.

[pldazzle] 03/9/2024 21:32

Large contracts announced via RNS, 1 Jan 2024 to 3 Sept 2024:

30.1.24 400K QRO
14.2.24 >300K RTS
19.2.24 350K QRO
6.8.24 250K QRO
23.8.24 500K PJL
3.9.24 500K PJL
3.9.24 250K QRO

Total for calendar 2024 YTD (first 8+ months only) seven, value £2.55m [cf calendar 2023, whole year i.e. 12 months, none, value £0]
Added turnover from acquisition of Affini in June 2024, >£2m estimated for y/e 31.12.24
Projected annual operating cost savings from 2023 reorganisation, >£400K as announced 14.6.24

[smithie6] 03/9/2024 20:28

well done PEG.

[rivaldo] 03/9/2024 08:35

Yep, that's three contract announcements in the last month. Good to see the eyeTrain software upgrades in particular. There must be decent scope for more such wins for this, and also for material revenues from QRO's NASBox ANPR systems given today's £250k is from just one police force.

[dealit] 03/9/2024 07:15

Contract win announced today.

[smithie6] 23/8/2024 17:17

..forward facing track debris cameras ..

interesting

[fevertreeman] 06/8/2024 15:42

Encouraging contract announcement, with potentially more deals in the pipeline once the Harrier's mobile version launches in Q3. Looks like QRO we'll again have to do the heavy lifting this year, given Abdullah's comments in June's FY 23 results. Lets hope the Affini management inject some much-needed zip to the Group. At some point, and who knows when that will be, Rail will start to deliver, but then again it has been in the freezer for several years now, and Labour doesn't seem in any rush 9given budget issues) to clarify investment plans for network.