Petards Share Discussion Threads

[rivaldo] 07/4/2016 13:34

Good to see a mere £3k of buys today causing another tick up.

[rivaldo] 06/4/2016 12:34

Bit of an uptrend developing here.

Latest forecasts from Hybridan are 1.79p EPS this year and 1.89p EPS next year

[singer8] 21/3/2016 22:00

hatey the failed pump and dump liar

[singer8] 21/3/2016 21:59

hatey the con man

[singer8] 21/3/2016 21:59

once a liar and con man always a liar and con man
sharetips6 aka trader-mick aka hatey
oh dear hatey you are such a sad troll

hatetrader
34simon
55investor
27howard
29howard
21trader
tradermick
tobytime
norbus
hatetrader1
hatey

[sharetips6] 21/3/2016 21:55

Paul Scott saying too small but as well documented here there has been no problem obtaining size from Wire for a while now so he could have picked up 100k sub 13p.
I'd say this size is evaporating fast tiltonboy. Can see it back around 14-15p soon

[effortless cool] 21/3/2016 21:51

Header updated. Target price maintained at 19.1p.

[effortless cool] 21/3/2016 21:43

I have reviewed my projections, factoring in the 2015 full year results.

I over-estimated revenue by about £0.5m, but this was because PEG failed (yet again) to achieve their forecast at the half year that 40% of the then order book would be delivered in H2.

After reseting my projections to reflect the actual H2 revenue, all the forecasts were close to actuals, except for trade payables and trade receivables, which both fell significantly lower than trend.

[tiltonboy] 21/3/2016 19:30

Surprised Paul Scott didn't do a tiny bit of digging, and come up with the current position

Loan notes convert at 8p, so every chance that they will get converted by October 2018. The fully diluted number of shares in issue would be 55.5m.

Hopefully, by that time, the brothers will have pulled off a "reversal" that will give the group some critical mass, and a better shareholder base.

[melton john] 21/3/2016 18:58

Possibly worth a little punt at this level, but very lumpy earnings depending on military and rail contracts which are very variable. There's always a reason for a bargain price and this company has left behind a string of broken hearts since 2010 and before when I first bought in on a good trading statement. As someone posted earlier, there is always someone ready to sell into a rise as the chart shows. If you like musical chairs, you'll like PEG. Watch out when the music stops though.


free stock charts from uk.advfn.com

[the oak tree] 21/3/2016 17:29

From Paul Scott daily blog on Stockopedia , posted yesterday.

" PEG) - a micro cap, but if you delve this low (about £4.5m mkt cap), then this one might be worth a look? Operating profit up 22% to £935k. Order book looks OK. Cash of £2.5m, but £1.5m in convertible loan notes - so it's vital to check the conversion terms, as there could be hidden dilution there if it's lower than the current share price.

Overall, looks potentially interesting. Also it has a StockRank of 99, although I don't feel the StockRanks are well suited to micro caps, as things can change so quickly with them. No divis. Possibly worth a look, but too small for me. "

- See more at: hxxp://www.stockopedia.com/

Comment : IMO this is where the buys came from and initial market tick up.

[sharetips6] 21/3/2016 15:41

hatetrader ‏@hatetrader1 21m21 minutes ago
PEG 50k buy probably cheapest AIM stock currently if cash is stripped out it's a 2.5 mil cap making 800k profits and forcasts are higher

[tiltonboy] 21/3/2016 15:39

...and if by magic!

WINS obviously ran into a few after marking them up earlier in the day.

[tiltonboy] 21/3/2016 15:36

Might find another 30k behind that one;)

[rivaldo] 21/3/2016 15:20

Huzzah - a 50k buy and a tick up :o))

[tiltonboy] 17/3/2016 13:47

Was at Cheltenham yesterday, so missed the Perloff announcement.

A bit more stock gone into good hands.

Now it's time for the Directors to put their hands in their pockets!

[rivaldo] 17/3/2016 13:44

Welcome rhomboid.

I just noticed Hybridan's new post-results forecasts:

this year : 1.79p EPS, £0.83m PBT
next year : 1.89p EPS, £0.89m PBT

An acquisition would presumably result in well over 2p EPS.

[rhomboid] 17/3/2016 12:08

I've bought a small chunk here today, there is a seller providinqliquidity for now but I guess I'm now locked in ...but happily so. I can't quite believe I've managed to pick up a reasonable amount.

[rivaldo] 16/3/2016 11:58

RNS - looks like the results have prompted activist investor Andrew Perloff to start buying more for a/his pension fund, which has bought another 250k and is now above 6%:

[tiltonboy] 16/3/2016 08:03

He sounds like a broken record!

[rivaldo] 16/3/2016 07:48

Interesting to see the focus on potential acquisitions here:



"Team Valley technology firm Petards embarks on acquisition trail
15:10, 15 Mar 2016

The firm, which works in the rail, defence and emergency service markets, intends to grow into a 'larger and more prosperous business'"

Extract:

"Chairman Raschid Abdullah said: “As a result of the past two years positive trading, improved balance sheet and financial robustness following our initial turnaround, we are now well positioned to pursue an earnings enhancing acquisition strategy.

“We intend to expand the group into a larger and more prosperous business. The board has under review a number of potential businesses to acquire and we will of course be keeping shareholders fully advised of our progress.”

Directors said the firm has a strong opening order book, together with recently-received orders providing £11m of revenues scheduled for delivery in 2016, meaning Petards is well positioned to achieve another good year’s performance in 2016.

The firm went into 2016 with an overall order book of £16m and active negotiations are ongoing to secure new projects.

During the course of the year the group secured a number of significant orders for its eyeTrain systems from train builders that included Siemens Mobility Germany, Bombardier Transportation and Hitachi Rail Europe."

[tiltonboy] 15/3/2016 13:40

I wonder if the brothers are going to increase their paltry holdings!

[tiltonboy] 15/3/2016 08:06

Good results, but with cautionary statements in two of its divisions. I like the nature of the recurring revenue, but if truth be told, all three divisions are sub-scale, and no clear view that they can grow organically into far larger operations. The acquisition story gets a bit boring with these guys as they have been saying it for the best part of 10 years, bit IMO they need to "reverse" something in.

This would make a wonderful "shell" for a company looking to get a quote, and hopefully the Abdullah's will be able to consummate a deal.

In the meantime WIRE have upgraded their EPS forecast by 9.7% to 1.77p, and have an 18p target.

On paper the shares look cheap, but there is always a seller in the background. Lets see how many come out today, and if they get mopped up.

[rivaldo] 15/3/2016 07:25

Good results - ahead of expectations.

EPS of 2.19p is well ahead of 1.5p forecasts (and the 1.62p adjusted EPS is too).

And PEG has £2.5m of cash against a £5.2m m/cap, with convertible repayment still some years away (though there's an excess of payables over receivables).

The company is flagging acquisitions now, giving a sense of the confidence in the business and the positive outlook with the strong order book for the current year.

[tiltonboy] 03/3/2016 13:20

Any rise soon sold into again, and the house broker offering a decent amount of stock at just above the bid!