Share Name Share Symbol Market Type Share ISIN Share Description
Petards LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 22.50p 22.00p 23.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 15.6 1.2 3.3 6.8 12.93

Petards Share Discussion Threads

Showing 6076 to 6099 of 6100 messages
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older
DateSubjectAuthorDiscuss
17/10/2018
10:21
I notice that PEG are presenting at Mello London on November 26th/27th: Http://melloevents.com/mello-london/ Good to see PEG being proactive - hopefully this will spread the word further.
rivaldo
12/10/2018
15:00
The share price has almost doubled in two years. I can see the same happening again if the company delivers on the optimism and confidence in the interims and continues to win contracts as it has been doing. And there's always the possibility of further acquisitions. The shares just need a little attention, as all micro-caps do, to bring them to the attention of the wider market. Another contract, or the next trading statement, should help things along.
rivaldo
10/10/2018
14:55
Abdullah’s should friggin well stump up, do something about the derisory performance here, their inability to drive the business to achieve shareholder returns is becoming apparent, the problem with small companies is the poor room for progression, squeezed margins mean lower returns when your costs are primarily fixed, find a suitable bedfellow and we will all be cushty!
bookbroker
04/10/2018
14:10
Bombardier today win a 198 million euro contract for Siemens to provide new carriages etc to Deutsche Bahn - hopefully more work to come for PEG: Https://www.investegate.co.uk/bombardier-transportation/gnw/bombardier-receives-order-as-siemens--partner-a---/20181004110000H7701/
rivaldo
21/9/2018
15:02
...and another 25k buy causes another move up.
rivaldo
21/9/2018
08:15
Good to see an early £6k buy today causing an immediate tick up. Hopefully there's a lack of stock around. It wouldn't take much buying interest to get the share price up to or close to WH Ireland's 34p valuation given PEG's relatively small free float. 62% of the shares are held by the top 10 shareholders, including Miton Microcap, Charwell Investments, Downing Active, Chelverton Growth and well-known small-cap specialist Thomas Charlton.
rivaldo
20/9/2018
14:19
Fair comments then guys. I hope they work out. I did well with these on the original run up from 15p a couple of years back but I sold out on the lack of cash scenario. I remain unconvinced but if the acquisitions work out and add value then you should do well.I'll take a closer look at the figures in the meantime!
bones
20/9/2018
12:12
WH Ireland have retained their 34p valuation for PEG, and their forecasts of 2p EPS rising to 2.4p EPS next year. I note they say that this is "For the time being", with those forecasts "well underpinned by the strong order coverage". Which suggests that we may get upgrades if all goes well - and PEG are cheap enough on a P/E of 10.4, let alone with any upgrades: "Interim results illustrate a good performance and strong visibility Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the Group has released H1 2018A results, which illustrate a good performance in the period, including strong orders being delivered in Defence and the acquisition of RTS in May. Looking forward, the Group’s order book has increased by £2m to £20m since the beginning of the year, including order coverage for H2 2018E of over £9.5m and approaching £8.0m for FY2019E. Following the results and with this excellent visibility, we have left our forecasts unchanged. At current levels, the shares trade on a lowly 11.0x FY 2019E PER and 5.1x EV/EBITDA. We continue to see fair value at 34p."
rivaldo
20/9/2018
10:02
Bones, as rivaldo said, they spent 1.17mm on an acquisition. Without that, they generated 713k of Free cash even after capex and working capital movements.
wjccghcc
20/9/2018
09:51
PEG made almost £1m cash from operating activities in this H1 alone..... They then spent £1.17m on the company acquisition of RTS Solutions, which explains the cash outflow from investing activities. I believe PEG is materially undervalued. And they have record forward order books to cope with any downturn in the economy. Plus their two core sectors of rail and defence are somewhat protected from economic cycles - with the extra tailwind of there being likely to be increasing orders coming in for (1) rail retrofit and (2) overseas rail investment programmes.
rivaldo
20/9/2018
09:39
Sorry Rivaldo, I only look at cash here and that would have been negative without the bank loan receipt even before the adjustment for capitalising development spend.The last two companies (small) that I worked for could never get cash positive despite revenue growth, always having to tap the parent company to ultimately pay suppliers.That remains my concern with PEG because they may not survive a downturn in business without raising funds in my opinion (but that's just MY reason for not investing here).If they can get escape velocity with the rail industry maybe it will take off but I fear the big rail companies will squeeze their margins ultimately.I wish you success here. I want small British companies to succeed but I am not persuaded to invest here until they generate free cash from profits.
bones
20/9/2018
07:21
Very pleasing H1 results today: - adjusted profits up 17% to £600k, so PEG's confidence in full year forecasts of around £1.2m looks well-founded - there's a good chance forecasts of 2p-2.15p EPS will be beaten given the very strong H2 order book - revenues are up 21%, even despite the new IFRS15 revenue recognition rules reducing Eyetrain revenues - all 3 divisions are looking strong and growing nicely - the new acquisition is going well and winning contracts - recurring income is also looking good - there's a strong hint of further retrofit Eyetrain contracts to come - there was excellent cash generation of almost £1m from operating activities, and PEG have a £1m cash pile to play with And the outlook is very good indeed: "The Group continues to benefit from a good balance sheet and a strong forward order book of £20 million which has been further enhanced with the recently announced awards of three contracts totalling over £6.5 million from Bombardier and Siemens. The Board is also pleased with the performance of its more recent acquisitions, QRO and RTS, and continues to review opportunities for other acquisitions. With the June 2018 order book containing revenues of approaching £10 million for the second half of 2018 and almost £8 million for 2019, the Board remains confident in the future prospects for the Group."
rivaldo
19/9/2018
14:36
I understand that the results shouldn't be long now.
rivaldo
14/9/2018
07:25
Looks like the interims will be on Monday morning, which is usually a promising sign. It's worth noting that new EU rules coming into force soon will open up Europe's railways to increased competition - and therefore improvements in and expansion of infrastructure, rolling stock etc. Which should be beneficial to PEG given its high-level contracts with Siemens, Alstom, Hitachi, Bombardier etc: Https://www.telegraph.co.uk/business/2018/09/13/aberdeen-standard-makes-multibillion-pound-foray-railways/ "Fund management titan Aberdeen Standard has launched a multibillion-pound expansion into Europe’s railways, with plans to buy fleets of trains on the Continent and compete with the state-backed operators that proliferate the market. The FTSE 100 company has entered into a joint venture with Rock Rail, a specialist owner of rolling stock such as trains, carriages and engines. The joint venture is a bid to take advantage of the opening up of Europe’s railways. EU rules coming into effect next year will see competitive tendering processes made compulsory, pitting private companies against the state-backed incumbents."
rivaldo
13/9/2018
11:03
Nice 50,000 share buy at 26p has caused today's tick up - good to see the bid price up to 25p now.
rivaldo
12/9/2018
12:45
Jhan66, last year's interims were on 12th September, so they should be any day now! Probably tomorrow or on Monday morning at a guess.
rivaldo
12/9/2018
12:34
The two areas that would encourage me to reinvest are a sign of growing free cash flow being generated and, in hand with this, less reliance on arbitrary capitalising of software "development" costs each year that often boost profits from near break even.I remain unconvinced about the profitability profile and question how hard the big rail companies drive bargains before granting contracts to little Petards.
bones
12/9/2018
12:20
Does anyone know interims release date? Ought to be imminent judging by previous years. Contract announcements & broker updates are helpful but I’d like to see some clean figures before buying. Clarity on options, acquisitions & forecasts. Might be why there’s little uplift .
jhan66
12/9/2018
12:08
WH Ireland also reiterate their 34p fair value for PEG, after today's contract win. They forecast 2p EPS rising to 2.4p EPS.
rivaldo
12/9/2018
09:24
Hybridan today reiterate their forecasts of 2.15p EPS rising to 2.56p EPS. They say PEG "count the majority of the world’s largest rolling stock suppliers as its customers. This time round, the Company has landed another meaningful order from Siemens on their contract for the Turkish State Railway." And "Petards continues to benefit from a robust long-term order book and we believe that in the context of growing infrastructure investment, Petards’ management team has the commercial and strategic know how to further accelerate revenue and earnings growth."
rivaldo
12/9/2018
07:09
Another large contract win, this time for £1.1m, securing further revenues for 2019 and 2020. Great to see the continuing business for Siemens, but also that it's overseas business for the Turkish State Railway....imagine the impact when PEG continue to win further business around the world: Https://www.investegate.co.uk/petards-group-plc--peg-/rns/contract-award/201809120700034716A/
rivaldo
07/9/2018
07:17
A reminder that Hybridan's latest forecasts give rise to a forward P/E of just 9.3: this year - 2.15p EPS, with £1.2m net cash next year - 2.56p EPS, with £2.4m net cash Interesting detail here about the recent acquisition - lots of recurring income for example: Https://www.insidermedia.com/insider/southeast/consultancy-expands-on-role-in-petards-deal "Consultancy expands on role in Petards deal 6 Sep 2018 A Southampton-based consultancy has detailed its involvement in an acquisition made by Petards Group, an AIM-quoted developer of advanced security and surveillance systems. Jamie Lane, based in transaction services at Smith & Williamson, which provides accountancy, investment and tax advisory services, was appointed by Petards followed a tender for due diligence. RTS Solutions (UK) and its parent company RTS Solutions (Holdings) (together RTS), a specialist transportation software engineering company, joined Petards following Smith & Williamson's review of the financial aspects of the target business. Lane, who works at Smith & Williamson's South Coast office, said: "Following a competitive tender, our remit was to look at RTS' financial performance and its assets and any liabilities, providing proactive support to Petards through to completion. "RTS figures showed it was profitable and debt-free, with a history of excellent cash generation. More than half of revenues related to recurring software licences, maintenance and support contracts, which provided further trading confidence. "Speaking generally, it is essential in any due diligence work that nothing falls through the cracks, so the potential acquirer is confident of the target’s future prospects and past performance." Leeds-based RTS provides web-based safety-critical applications in real time to customers involved in operational, engineering and maintenance programmes. Its principal customers are currently Network Rail, which owns and operates the railway infrastructure in England, Wales and Scotland, and Network Rail’s major contractors. Petards' eyeTrain provides digital on-train surveillance and helps maximise safety and performance for train-operating companies and train builders."
rivaldo
21/8/2018
12:23
Be interesting to see first half after the positive AGM statement, I chastise the stock because it is frustrating to see it not trade on a higher rating. The consistency of earnings important but because of the size of the company it’s difficult to envisage any meaningful acquisitions, rather it more likely to be swallowed itself. Transport technology a good market to be in, but yet to be reflected here!
bookbroker
21/8/2018
11:50
Good to see four small buys having an upwards effect now. A little volume goes a long way with this stock!
rivaldo
Chat Pages: 244  243  242  241  240  239  238  237  236  235  234  233  Older
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