Petards Share Discussion Threads

[effortless cool] 09/3/2015 13:22

Results next Monday, which is a couple of weeks quicker than last year.

Rather incredibly, the year before (to 31/12/2012), they didn't produce the results until 1 July 2013!

[rivaldo] 04/3/2015 13:26

From Beaufort Securities this morning FYI:

"Petards Group (PEG.L, 12.38p) - Speculative Buy

Yesterday, Petards Group received an order valuing more than £1.5m to supply its eyeTrain products to Siemens Mobility Division. The company’s eyeTrain on-board digital CCTV systems would be fitted into Siemens’ new Desiro City Electrical Multiple Unit (EMU) trains. Besides supplying the Driver Only Operation (DOO) capability in these trains, the equipment would also provide CCTV coverage of the internal saloon areas. The company plans to begin engineering activities for the project immediately. The first equipment would be delivered in H2 2015, and majority of the equipment is scheduled for delivery in 2016. The entire project is expected to complete in 2017.

Our view: Petards’ growing association with Siemens is reflective of its business generating potential from existing customers. Earlier, in 2014, Petards had entered into another key agreement with Siemens to supply its train related products and services for the latter’s world-wide rail vehicle business. With a stable financial performance and some important longer-term contract wins in the past one year adding to the forward order book, we remain hopeful of attractive shareholder returns. We retain a Speculative Buy."

[rivaldo] 04/3/2015 08:24

Nice start - a 40k buy has got things going.

Results later this month confirming 1.8p historic EPS will likely have a bullish outlook given everything that's happening. Let's see if we get any pre-results buying interest on that basis.

Thanks mikeh30 for your continued excellent info.

[mikeh30] 03/3/2015 21:34

OakIMO It could be to do with the fact we have rolling sales. Some big contracts get delivered over a period of, let's say, 3 years. They will drop off the end when complete. That's why it's important that we have the framework agreements with hitachi and siemens, along with a strong relationship with the MOD to keep these contracts coming in.

[the oak tree] 03/3/2015 21:29

Apologies if I've missed something obvious but why are sales forecast to reduce in 2015?

Taking fig from Stock o thingy:
2014E Sales £15.1m EPS 1.75p
2015E Sales £12.9m EPS 1.90p (I note that eps is increasing).

Do people agree with the above forecasts or is this outofdate?

[mikeh30] 03/3/2015 17:47

Let's not forget about our framework agreement hitachi either:http://www.petards.com/corporate/media_centre/news_article.aspx?id=5868208f-0e89-495e-a114-3f3e78eb0860""""The initial "Call Off" contract is for the Great Western Main Line, the value of which is in excess of €1.1m, will be supplied over the next 3 years.""""So....http://www.railmagazine.com/news/network/2015/03/02/virgin-trains-east-coast-launches""""rom 2018, 65 new Class 800/801 Hitachi Super Express trains will be introduced, replacing all but six of the Class 91/Mk 4 sets in the existing fleet. They will be used on services to existing East Coast Main Line destinations - See more at: I'm expecting news here too

[mikeh30] 03/3/2015 16:33

From the original rns:""""Petards has also secured its first order under the Agreement to supply Siemens with Petards eyeTrain on-board digital CCTV systems for the new super high-speed Velaro type trains Siemens are building for the Turkish State Railway who have announced plans to procure up to a further 90 high speed trains in the future.""""The first contract was their first order. 10 more trainsets of the 90 have been ordered from siemens in the past week. We will see another announcement regarding this IMO.

[cockerhoop] 03/3/2015 14:26

EC,

The Siemens order that Mikeh30 highlighted recently for Turkey is not (IMHO) connected to the one RNS'd today. Today's is a system for a Siemens Desiro commuter train whilst Mike highlighted a system for the Siemens Valero high speed train.

More to be announced in due course i'd suggest.

[tiltonboy] 03/3/2015 14:13

EC,

Nice couple of buys. You will be catching me up soon!

[effortless cool] 03/3/2015 14:07

mikeh30, well done on spotting the new contract days before the RNS - that's real research!

The announcement doesn't really change much, although it does bring a bit more visibility to 2016 revenues.

Just doubled up my holding. Went through easily (twice, and cheaper for the second tranche) at well below quoted offer price, so still seems to be plenty of stock available. That's a bit more soaked up for the long-termers, anyway.

[tiltonboy] 03/3/2015 12:40

mike,

As I have suggested for a long time, the shareholder base is predominantly short-term, so it's going to take a mega announcement to shift them materially higher, or another institutional buyer to mop up the loose stock.

[mikeh30] 03/3/2015 12:01

Disappointing response to good news. I think we need a good trading statement and a substantial contract above £5m to get this moving.Not a bad entry point though for new people thinking about investing

[tiltonboy] 03/3/2015 08:18

Well, there's the answer...straight away!

[tiltonboy] 03/3/2015 08:04

It will be interesting to see if any price rise is sold into. Hopefully the Downing fund will have mopped up a lot of loose stock, but I suspect there is still a chunk that needs to find its way into firm hands.

[mikeh30] 03/3/2015 07:43

21t - IMO there will be another contract announcement today.This siemens framework deal might start paying off. If you look at the volume of work siemens have had since September last year we could be in for a nice couple of months

[21trader] 03/3/2015 07:32

Nice deal and already nice mark up by first mm to open to 12.5p bid.

[rivaldo] 03/3/2015 07:21

Excellent - a £1.5m contract win via Siemens just announced:



Perhaps most importsnt is the closing comment from the Chairman - sounds like a lot more to come:

"we are very pleased with the new opportunities that are flowing from this strategic relationship with Siemens."

[rivaldo] 25/2/2015 12:11

Cheers mikeh30, let's hope so.

[mikeh30] 23/2/2015 21:22

Contract coming

[21trader] 16/2/2015 17:18

Strange no ISDX trades yet both bid and offer up on next to nothing bought late on not that I'm complaining.

[tiltonboy] 16/2/2015 15:28

With a decent wedge of loose stock being taken out of the market, relatively small buys are pushing the price better. What we need now is a good contract announcement, and we can push up and out of this trading range.

[tiltonboy] 16/2/2015 11:30

I would guess this is very much it for Downing, as it is pretty close to their average holding size.

Up to the company to do the business now!

[mikeh30] 16/2/2015 10:55

21t - let's hope Downing keep buying then. Another couple of mill for them should push this up nicely

[21trader] 16/2/2015 10:41

That 40k buy this morning was enough to switch WHI from offer to bid leaving it looking good at 3 v 1 so it could start moving on next few buys if of course there is any more today.